TheRealBull

Profit from the Peak: An Enjoyable Read About Our Energy Problems

Folks, Peak Oil is not about the size of the tank, but the size of the tap. There stands the real issue. We can have 100 trillion barrels worth of oil in the ground, but if it doesn't easily flow to the surface and it involves a lot of energy to produce, you have a net energy looser. Compound this with insatiable world demand for oil (the other half the world's population wants to live like American's) and you have a recipe for demand constantly outstripping supply.

And honestly Brian, 8 billion barrels and 33 billion barrels takes no time to deplete when world oil use is 85+ million barrels a day. Sure it can buy a little time, but with the majority of the worlds largest oil fields in decline, this will do little to keep up with the growing demand.