Oil reserves - Plenty in the tank

Economist | Jun. 11, 2008 (News Report)
The problem seems to be getting to enough of the oil that is known to exist

"WE'RE not running out of hydrocarbons," insists Tony Hayward, the boss of BP, one of the world's biggest listed oil firms. To back up this view, he cites various comforting figures from the latest edition of the firm's "Statistical Review of World Energy", released on Wednesday June 11th. Enough oil has already been discovered around the world, Mr Hayward says, to maintain consumption at current levels for another 42 years. As he recently put it, humanity ... Full Story »

Posted by Kaizar Campwala

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Subjects: Business, Sci/Tech
Topics: Energy, Oil and Gas
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Posted by: Posted by Kaizar Campwala - Jun 11, 2008 - 2:42 PM PDT
Reviewed by: Kaizar Campwala (review), Mike LaBonte (review), Sharon McIntosh (review)
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Mike LaBonte
2.3
 by Mike LaBonte - Oct. 1, 2008

This story passes on the common error of confusing oil reserves with production capacity, as well as the bogus argument that access is the problem. Of course this level of inaccuracy is possible because the only 2 sources are from the same company. More sources and viewpoints are needed. Some fact checking wouldn't hurt, either.

See Full Review » (13 answers)
Kaizar Campwala
4.0
 by Kaizar Campwala - Oct. 1, 2008
Kaizar posted this story.
See Full Review » (1 answer)
Sharon McIntosh
4.7
 by Sharon McIntosh - Oct. 1, 2008

A contradictory tale of large deposits of oil and high prices. Well written and a bird's eye view of the complex issues surrounding the largress of oil, prices, speculators and the entire gambit of slicksters in big oil.

See Full Review » (7 answers)

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