[Peakoil] We face a worldwide glut of oi... (blogs.telegraph.co.uk)

[Paul Pollard]

I found this article utterly unconvincing. It assumes for instance that Saudi 
Arabia will be producing more oil in 2020 than now, against all the current 
evidence, and that both the US and Canada, in only 9 years, will be able to 
increase oil production by over 40% each. Once you factor in all the caveats 
that the article itself mentions, it amounts to worthless boosterism. 
Also, there isn't a single mention of global warming, which overhangs all 
discussion of energy, especially very emission-intensive energy sources such 
as Canadian tar-sands. 



On Fri, 27 Jul 2012 11:37:39 am Antony Barry wrote:
> We face a worldwide glut of oil, with profound economic and geopolitical
> implications, most of them good – Telegraph Blogs
> http://blogs.telegraph.co.uk/finance/jeremywarner/100019176/we-face-a-worl
> dwide-glut-of-oil-with-profound-economic-and-geopolitical-implications-most
> -of-them-good/
> 
> ---
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