Oil shortage a myth, says industry insider

There is more than twice as much oil in the ground as major producers say, according to a former industry adviser who claims there is widespread misunderstanding of the way proven reserves are calculated. Full Story »

Posted by Chris Finnie

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Michael Nolan
2.0
by Michael Nolan - Oct. 1, 2008

The article states that an "industry insider" uses "anecdotal evidence" to support his theory that there is a lot more oil underground than most people believe. His point is that there is no need to look for alternate fuels. How convenient for Big Oil! What nonsense! The author shouldn't have wasted his ink on such a non-story.

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