> From: "Alex Caliostro" ... > yes and it appears the rush to alternative energy and > talk of peak oil have scared someone > > "Oil reserves are double previous estimates, says Saudi > By Saeed ShahPublished: 28 September 2005 Saudi Arabia, > the biggest oil producer, and Exxon Mobil, the largest > oil company, yesterday declared that the world had > decades' worth of oil to come, in an attempt to calm > fears about the record prices experienced in > recent weeks. > > Forming a powerful alliance, the Saudi oil minister Ali > al-Naimi said, at an industry conference in Johannesburg, > that the country would soon almost double its "proven" > reserve base, while Exxon's president, Rex Tillerson, > spoke of 3 trillion or more barrels of oil that are yet > to be recovered." > > continued at > > http://news.independent.co.uk/business/news/article315546.ece > _____ > -alex
I think I'll ask for a second opinion. ;-) Regards, Steven Vincent Johnson www.OrionWorks.com
