Man, it sure doesn't take much to piss off and rankle anti-conservatives. They so sensitive eh. :lol:
Our little buddy Steve even said he was told by senior U.S. doods that Keystone will get approved anyway. Don't panic.
Funny how hypocrites will buy all kinds of Chinese sweatshop/filthy factory/human rights condition crap from just about every store on earth but if ya wanna sell 'em some oil, well, just wait a darn minute there bub.
"I don't care, so I'm going to post in this thread that I don't care about this thread."
Thanks MF... Looks like were good to 2200, that is, assuming that technology doesn't allow us to exploit the reserves more effectively.
No, assuming demand doesn't go up (which it always does.)
And some of those reserves are actually speculative.
--
One difficulty in forecasting the date of peak oil is the opacity surrounding the oil reserves classified as 'proven'. Many worrying signs concerning the depletion of proven reserves have emerged in recent years.[59][60] This was best exemplified by the 2004 scandal surrounding the 'evaporation' of 20% of Shell's reserves.[61]
For the most part, proven reserves are stated by the oil companies, the producer states and the consumer states. All three have reasons to overstate their proven reserves: oil companies may look to increase their potential worth; producer countries gain a stronger international stature; and governments of consumer countries may seek a means to foster sentiments of security and stability within their economies and among consumers.
Al-Husseini estimated that 300 billion barrels (48×109 m3) of the world's 1,200 billion barrels (190×109 m3) of proven reserves should be recategorized as speculative resources.[6]
Peak oil - Wikipedia, the free encyclopedia