Saturday, May 21, 2005

No Future for Oil? "Simmons says that the Saudis are a lot closer to running out of oil than the world realizes, and that Saudi production is at unsustainably high levels right now. "

A few weeks a go I met a new friend who suggested to me that the worlds oil supplies were with 50 years of exhaustion. I didn't believe it but this supports his point.

On the other hand, this post underlines the difficulty of planning ahead.

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