NorwegianBlue replied to the topic advice on peak oil and how it will effect investing . in the forum Tysonboss1 wrote:
What are 17 years ago"Tysonboss1" wrote:
What are you trying to say with that link?I claimed that there were more known oil reserves now than in the 1970s.You claimed that was untrue.Hence the link.Sure, oil production will decrease, but meh. We'll adapt, improvise and overcome – we always do. Oil wasn't a resource until people found a way to use it.
NorwegianBlue replied to the topic advice on peak oil and how it will effect investing . in the forum Help Needed! 17 years ago
Quote:
Tysonboss1 wrote: Where to do get your facts…Here's one reference, there are plenty of others if you don't trust BP.Proven Oil Reserves 1986-2006
NorwegianBlue replied to the topic advice on peak oil and how it will effect investing . in the forum Help Needed! 17 years ago
Peak oil is defined as reaching the limit of the rate of production. Not "running out" of oil.The world has more known oil reserves now than in the 1970s.Worst comes to worst – oil products will get more expensive. As it gets more expensive, less economical deposits become viable (like oil shale in Canada). As more deposits are exploited the rate…[Read more]
