Just a few years ago, Big Oil dismissed as “alarmism” the idea of Peak Oil and it’s implications for society. –Head’s up! A new report was just released which uses those same assessments to justify exploiting all known oil reserves as a way to “successfully transition to a non-fossil fuel future with a minimum of economic and societal upheaval.”
“We need to frack and drill and strip-mine with increased vigor,” They are saying, “If we want to save the status quo.”
If the more wonky folks out there want to see the report, they’ll have to cough up $1500. Or, they could buy a subscription to the Journal and download the .pdf to their hard drive. The point is, there is no future if we exploit all the world’s oil and gas supply.
Below is an article from the Oil and Gas Journal which was sent to subscribers emphasis added:
[Continued, from http://ogjresearch.stores.yahoo.net/an-in-depth-view-of-future-oil-gas-supply-a-production-capacity-model.html]:An In-Depth View of Future Oil & Gas Supply
World-renowned petroleum consultant Dr. Rafael Sandrea has conducted a groundbreaking, provocative new study that assesses and forecasts potential oil production on a country, regional, and global basis. He concludes that while conventional crude oil production based on current proved reserves will fall well short of demand over the coming decades, the potential exists for a huge new increment of oil production to be added to that future oil supply scenario, ultimately balancing oil supply with demand. In his study, Dr. Sandrea has identified and quantified those future oil supply sources and made a strong case for embarking now on a global campaign to exploit them if the world is to successfully transition to a non-fossil fuel future with a minimum of economic and societal upheaval.
Scope:
- The Oil & Gas Industry From Inception to Present
- Resources Discovered So Far
- Unconventional Resources
- Reserves: How Much Oil & Gas Is There?
- Recovering the Last Drop Of Oil
- Offshore: the New Oil & Gas Frontier
- Oil & Gas Supplies in the 21st Century
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