[Peakoil] Where did all the oil go? The peak is back

[Antony Broughton Barry]

"Jefferson’s conclusion is stark: "Put bluntly, the standard claim that the world has proved conventional oil reserves of nearly 1.7 trillion barrels is overstated by about 875 billion barrels. Thus, despite the fall in crude oil prices from a new peak in June, 2014, after that of July, 2008, the ‘peak oil’ issue remains with us.”"

http://www.middleeasteye.net/columns/former-shell-oil-chief-says-global-oil-reserves-overstated-half-1901398787

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