The Oil Drum

83 comments on DrumBeat: June 18, 2006

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tommy on June 18, 2006 - 2:47pm

Could you plot the conventional oil as a percentage of the Total liquids? I think that this would result in an almost constant line.

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Oil CEO on June 18, 2006 - 2:54pm

I will do that maybe sometime in the near future, but that is basically what I was trying to show with the widening spread. It hasn't been constant. To give you a rough idea, the percentage in 1995 would have been about 90%, it has moved down steadily to about 86%. How significant this is is up to you.

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“Of all races in an advanced stage of civilization, the American is the least accessible to long views… Always and everywhere in a hurry to get rich, he does not give a thought to remote consequences; he sees only present advantages… He does not remember, he does not feel, he lives in a materialist dream.”

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