06 Nov '11, 10pm

#humphreybo Peak oil and energy - Nov 6 | Energy Bulletin: Time to Worry: World Oil Production Finishes Six Year...

There is abundant oil, report the New York Times, the Washington Post and the Financial Times; not only that, it is located in the nearby, secure Western Hemisphere (pictured above, happy days in Brazil), and not in the violent-and-volatile Middle East; moreover, the United States may be on the verge of achieving what had seemed to be merely fabled -- "energy independence." We expressed our doubts about these findings when they emerged a few days ago. And though this is not a peak-oil blog, suffice it to say that our brow has not become less furrowed. One reason is the mathematics behind the theoretical revision. Let's start with the suggestion that the gravitational center of oil is shifting from the Middle East to the Western Hemisphere, as we read in the Times, the Post, and last month here at Foreign Policy. In order for that to happen, Western Hemispheric oil producti...

Full article: http://www.energybulletin.net/stories/2011-11-06/peak-oil...

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Time to Worry: World Oil Production Finishes Six Years of No Growth

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