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Why the world isn’t running out of oil

Posted on February 21st, 2013 at 12:34 by John Sinteur in category: ¿ʞɔnɟ ǝɥʇ ʇɐɥʍ -- Write a comment

[Quote]:

The 75-page study, by oil executive Leonardo Maugeri, was based on a field-by-field analysis of most of the major oil exploration and development projects in the world, and it predicted a 20 per cent increase in global oil production by 2020.

Well if you can’t trust an oil executive that says it’s not necessary to switch to alternate fuels, then I guess you just can’t trust anyone.

  1. A 20-percent increase in oil production in 7 years is not going to cover the projected happy-path world growth in energy demand, is it?

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