[Peakoil] Everything is OK, no need to worry

[Keith]

On 23/09/2011, at 8:40 AM, W & C Steensby wrote:

> 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."

Yeah. And five years ago we read: "Chevron in the US has put out a range of ads warning that 'the end of easy oil is over', urging consumers to work with them to counter dwindling supplies. 

http://www.sbs.com.au/news/article/114417/does-peak-oil-signal-the-end

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Keith Thomas
www.evfit.com
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