Polifrog Blog

Wednesday, February 17, 2010

Peak Oil's Wondering Peak

Exxon now has 23.3 billion oil-equivalent-barrels of reserves comprised of about half liquids and half gas. It's the largest amount in the company's history.

Amazingly, Exxon, who has been accused in the past of being too conservative in terms of exploration and development, has been finding more oil than it produces for each of the last 16 years, to the dismay of peak oil proponents.




Less government interference would be helpful.

Let it flow.







out

Chip at 2/17/2010 02:53:00 AM
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