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Peak Oil

Javaman

(62,532 posts) Mon Dec 19, 2011, 03:43 PM Dec 2011

Peak oil review - Dec 19

http://www.energybulletin.net/stories/2011-12-19/peak-oil-review-dec-19

1 replies

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Peak oil review - Dec 19 (Original Post) Javaman Dec 2011 OP

That Quote of the week is cheering Dead_Parrot Dec 2011 #1

Dead_Parrot

(14,478 posts)

1. That Quote of the week is cheering

Reply to Javaman (Original post)

Tue Dec 20, 2011, 04:59 AM

Dec 2011

"Much attention is paid to new energy technologies, with good reason. But it also is important to know that most of today's liquid fuels come from fields that have been producing for decades. More than 95 percent of the crude oil produced today was discovered before the year 2000. About 75 percent was discovered before 1980."
-- from Exxon Mobil's 2012 Outlook for Energy

Fun fun fun.

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