<Weekend Open ThreadThe Oil DrumStraining To Keep Up>

18 comments on IEA's Resources To Reserves - Not to Worry!

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Kyle on October 22, 2005 - 7:23pm Permalink | Subthread | Comments top
At some point in the future, there will be a move to count coal as a hydrocarbon reserve, simply noting that it is "hydrogen challenged oil."

At some point, these knuckle heads will figure out that reserves are not equal to production, that OOIP is not equal to production, and gee, flow rates really do matter.  You can claim 2 trillion barrels of Canadian oil sands, but that will not get you 5 million barrels a day before 2015.  Of course, that will be about the time that they extend US storage to include the asphalt in roads...

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SJMStrategy on October 22, 2005 - 8:21pm Permalink | Subthread | Parent | Comments top
This should be the Executive Summary

Billy: Daddy, they say we are running out of sweets and
       soon there will be no dessert after dinner.

Dad: No worry son, they have discovered that the center of
     the planet is made of CHOCOLATE!

Billy: REALLY daddy?

Dad: Yes son, you will never have to worry about going
     without desert EVER!

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