Report Blasts "Peak Oil" Theory

Rei writes "Today, the Cambridge Energy Research Associates released a report dismissing the Peak Oil theory, suggesting that world oil production will continue to increase for the next 24 years, and then only level into a plateau. The report, which suggests that world reserves are enough to last 122 years at our current rate of consumption, also blasts Peak Oil theorists for repeatedly making unscientific predictions and then shifting them whenever their predictions fail to materialize."

Comments

Great...

[TheSam]

...so now we have 122 years to procrastinate finding a solution our limited fueld supply rather than 24 years...

Re:Well, let's take a look at the speakers

[Rei]

Yeah. I mean, imagine those people, at an oil conference! Here's who I'd expect to show up at a conference about oil production:

John Denver, American folk singer-songwriter, Poet Laureat of Colorado, author of "Take Me Home, Country Roads" and "Leaving on a Jet Plane"

Don Pearson, management consultant and executive of Folsom, CA's "eRepublic"; trainer of Allstate Insurance Company managers and salesmen in the tenets of L. Ron Hubbard's "management by statistics" approach.

Frederik "Fred" Deburghgraeve, shoe salesman; former Belgian olympic swimmer and olympic gold medalist in the 100 meter breaststroke in the 1996 Olympic Games

Gerald Mosse, principle horse rider to the Aga Khan IV; former apprentice of Patrick-Loiuse Biancone and rider for Francois Boutin. Rode Arazi to five straight wins in France.

Arazi: A thoroughbred chestnut colt who won the 1991 Breeders' Cup Juvenile. Has crooked white blaze on forehead.

Ficus carica: the Common Fig; small tree native to the eastern Mediterranean and southwest Asia; deciduous, with 3-5 cm fruit.

Vanadium: A chemical element of the periodic table, with atomic number 23. A rare, soft, ductile element used in alloying; good resistance to sulfuric acid.

Three: A number, numeral, and glyph; the natural number following 2, but preceeding 4; the first unique prime; the second triangular number; integral divisor of natural numbers whose digits add up to a multiple of three.

Slashdot refused to print this story

[Travoltus]

I wonder why...

Exxon-Mobil announces that PEAK OIL is coming in 5 years:
http://www.thebulletin.org/article.php?art_ofn=mj0 5cavallo

Mind you, this is a major oil corporation, not some environmentalist "whacko" group...