[Peakoil] Everything is OK, no need to worry

[W & C Steensby]

Here's an interesting article:
The Energy Economy: A Path to Prosperity
http://www.chevron.com/chevron/speeches/article/08312011_theenergyeconomyapathtoprosperity.news

It's an address by John S. Watson, Chairman and CEO of the Chevron Corporation, to the Greater Houston Partnership, in Houston, Texas, on August 31, 2011.

About halfway down you'll read this:
"Far from peaking, the world's estimated base of recoverable oil and gas is continually rising. In fact, over the past 30 years, as the peak oil theory has gained traction in some quarters, the world's known reserves of oil and natural gas increased by roughly 130 percent, to 2.5 trillion barrels."

Did you catch that? "...the world's estimated base of recoverable oil and gas is continually rising." Continually; meaning it is rising right now.

So I can only assume that the US Joint Forces Command made a gross error when they released their recent report taking Peak Oil seriously. Or that the US Department of Energy is equally misguided.

Sleep well.

Regards,
Walter