For six consecutive years, ChevronTexaco has had good news for anyone worried that the world is running out of oil: the company has found more oil and natural gas than it has produced. Over that time, ChevronTexaco’s proven oil and gas reserves have risen 14 percent, more than one billion barrels.
4 thoughts on “An Oil Enigma: Production Falls Even as Reserves Rise”
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Yes, but their production level has gone down.
Obviously, civilisation is just about to break down unless we start wearing sandals, riding bikes and doing what the Ecologist tells us IMMEDIATELY.
Hehe 🙂
Forecast from project Link, a UN environment forum by Robert Kaufmann of Boston U. His other work seems to knock Colin Campbell’s methodology quite hard on the head too.
http://www.chass.utoronto.ca/link/meeting/papers/rk200404_report.pdf
The oil project is now up and running, albeit with baby steps for the moment.
Come read the pages and register to comment at http://www.the-organization.com/oil