OPEC's proven crude oil reserves rose 12.1 percent in 2010 to 1.19 trillion barrels led by Venezuela, which has surpassed Saudi Arabia as the group's largest reserves holder, OPEC said in its Annual Statistical Bulletin.THERE IS NO SHORTAGE OF FOSSIL FUELS; THERE ARE MORE RESERVES NOW THAN EVER.The latest figures are unlikely to quell scepticism about reserves estimates from the Organization of the Petroleum Exporting Countries, some of which analysts say may be exaggerated although the producers deny doing so.
OPEC's growth in oil reserves was mainly due to Venezuela, whose holdings climbed to 296.5 billion barrels from 211.2 billion in 2009, the report said. Top OPEC exporter Saudi Arabia's reserves were steady at 264.5 billion barrels.
PEAK OIL IS BS.
JUST LIKE AGW.
IF WE WANT THE GLOBAL ECONOMY TO GROW AGAIN AT A DECENT PACE - WHICH WILL HELP POORER ECONOMIES THE MOST - THEN WE NEED TO FORGET ABOUT AGW AND EXPLOIT MORE OIL AND COAL.
DRILL BABY DRILL! DIG BABY DIG!
THE ONLY THING IN THE WAY IS THE INSANE LEFT.
WHICH IS WHY I HAVE LONG ARGUED THIS: IF WE WANT TO MAKE POVERTY HISTORY THEN WE NEED TO MAKE LEFTISM HISTORY.
2 comments:
Once again I have to find myself commenting on some random writings of people who clearly have not the slightest idea of what Peak Oil is all about. Since the writer is obviously addicted to the Caps Lock key I will continue in similar style...
PEAK OIL IS NOT, AND NEVER WAS ABOUT RESERVES IN THE GROUND YOU MORON. IT IS ABOUT THE RATE THAT OIL CAN BE EXTRACTED. EIGHTY FIVE MILLION BARRELS A DAY. JUST HOW FAST DO YOU THINK THAT THE LIKES OF VENEZUELA HEAVY OIL OR CANADIAN TAR SANDS CAN BE EXTRACTED? DO SOME ACTUAL RESEARCH AND BE AFRAID - VERY AFRAID. "DRILL BABY DRILL AND DIG BABY DIG" WILL NOT GET YOU OUT OF THE DEEP HOLE YOU ARE IN.
Better get used to the fact that you are living in a collapsing empire and society.
dearest tubasshole;
if the west is collapsing it's only because of leftism.
you sked"
JUST HOW FAST DO YOU THINK THAT THE LIKES OF VENEZUELA HEAVY OIL OR CANADIAN TAR SANDS CAN BE EXTRACTED?
contrary to what mrons like you have beed duped into believong, the amount of oil hat can be extracted and refined is not finite.
more humans are suffereing as a result of agw and co2phobia than co2 or climate change.
YES: IDIOT SCUMBAGS LIKE YOU ARE CAUSING HUMAN SUFFERING.
folks like me want human suffering to be lessend.
WAKE UP OR FUCK OFF.
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