The Oil Bubble Will Meet the Same Fate as Tech, Housing [View article]
Duh, "new oil is plentiful"? Where? Please tell me. But, please don't tell me about the vast new shale oil just ready to ramp up (same story fifty years ago), or how tar sands will add the 5 million barrels/day/year just to offset the existing field declines, or how MAYBE a million more barrels/day of new US offshore drilling in ten years will affect the 85 million/day world production. Please, learn the facts before your write the article, junk like this article is preventing action on a real energy plan.
The Oil Bubble Will Meet the Same Fate as Tech, Housing [View article]
But, please don't tell me about the vast new shale oil just ready to ramp up (same story fifty years ago), or how tar sands will add the 5 million barrels/day/year just to offset the existing field declines, or how MAYBE a million more barrels/day of new US offshore drilling in ten years will affect the 85 million/day world production. Please, learn the facts before your write the article, junk like this article is preventing action on a real energy plan.