The Oil Drum | Stories tagged with "rigzone"

Stories tagged with "rigzone"

Rigzone: 'Peak Oil' Argument Does Not Account for Nontraditional Sources

Posted by Prof. Goose on December 7, 2005 - 8:35pm
Topic: Supply/Production
Tags: cera, oil, peak oil, rigzone [list all tags]

The world is not running out of oil, and fears of "peak oil" are prompted more by outdated reserve reporting requirements than anything else, an industry analyst told a U.S. House panel today.

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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.”

—Moiseide Ostrogorski (1902, 302-303)