Re: van Mourik reported to the ASPO attendees that "deep water drilling would not add significantly to the world's oil reserve, that it did not make sense economically, and ultimately could only produce five billion barrels".

That is a really crazy statement and I am sorry to see it repeated here. In their latest newsletter, ASPO made an oil depletion revision putting deepwater at 54 Gb and the (world) peak out to about 2010/2011 based on that revision. Deepwater probably peaks at about 2011 to 2013 based on what I've seen though there are technical challenges (as well as hurricanes) that make all this risky to predict.

We could really do very nicely talking about peak oil without this hysterical hyperbole.
Like I said, please don't shoot the messenger! (Not that you were, I'm just reiterating.) But here's another reason why I think it's valuable to post about this on TOD: there aren't a lot of forums (fora?) out there where people can respond to Ruppert's claims. If TOD readers can give specific reasons why Ruppert's statements are unfounded, the relevant information will get out there. Otherwise, people will read From the Wilderness and never get to see specific refutations of his comments.
In fact, many of the people that I spoke to today had actually first heard of Peak Oil through "from the Wilderness" and many of those folks had never heard of TOD. We need to expose folks to the diversity of opinions and backgrounds we have collected here at TOD.
Not shooting the messenger, Ianqui...

Re: "diversity of opinions"

There is no significant diversity of opinions as far as expected outcomes goes from deepwater oil. What I don't want to see is for us to look like fools as far as CERA, Michael Lynch and some others think. I don't want to be associated with statements like the one I referenced above.