The Oil Drum

Well here I am sat by the tele, waiting for the BBC show, If the Oil Runs Out, the facts upon which they base it being given here.

Pause while 3,550,000 barrels of oil are consumed, (the show mentions that) and what did I think?

Well I could begin by suggesting they had the wrong buttons on the drill bit, but that would be a bit facetious. In a very small nutshell, it tracks a family during the time that the first well is drilled in ANWR, (in 2016) at the same time that President Chavez in Venezuela pulls his country out of OPEC, and that Saudi and China get together to do a goods for oil swop. Oil prices rise and the consequences are transiently illustrated through the impact on the family (losing job, long gas lines, food prices up, aspirin (an oil product) out of stock, and the like). The well is being drilled in the purported last hope for oil. And it does not find the 250 m of oil that was anticipated. But seven months later they are through the crisis and into another world.