Changes

Exxon's Australia chief, Mark Nolan, told an industry conference in Adelaide, Australia, that "the end of oil is nowhere in sight." Mr. Nolan cited a U.S. Geological Survey estimate of more than three trillion barrels of conventional recoverable oil resources, of which one trillion barrels has been produced. Conservative estimates of heavy-oil and shale-oil resources push the total to four trillion barrels, while a 10% increase in recoverability will deliver an extra 800 billion barrels according to Nolan.<ref name=MailTrib20060914>Bhushan Bahree and Jeffrey Ball [http://archive.mailtribune.com/archive/2006/0914/biz/stories/wsj-peakoil.htm Some insiders reject 'peak-oil theory'] September 14, 2006 [[Mail Tribune]]</ref>

Exxon's Australia chief, Mark Nolan, told an industry conference in Adelaide, Australia, that "the end of oil is nowhere in sight." Mr. Nolan cited a U.S. Geological Survey estimate of more than three trillion barrels of conventional recoverable oil resources, of which one trillion barrels has been produced. Conservative estimates of heavy-oil and shale-oil resources push the total to four trillion barrels, while a 10% increase in recoverability will deliver an extra 800 billion barrels according to Nolan.<ref name=MailTrib20060914>Bhushan Bahree and Jeffrey Ball [http://archive.mailtribune.com/archive/2006/0914/biz/stories/wsj-peakoil.htm Some insiders reject 'peak-oil theory'] September 14, 2006 [[Mail Tribune]]</ref>

It should also be noted that this is not a new concept, but has been around in different forms for many years.  During the early 1970's in the United States, it was claimed that world oil would run out in 35 years, a claim that never came to pass.

It should also be noted that this is not a new concept, but has been around in different forms for many years.  During the early 1970s in the United States, it was claimed that world oil would run out in 35 years, a claim that never came to pass.

Lindsey Williams, a Baptist chaplain to the 1970s Trans-Alaska Pipeline project, asserts in his 1980 book ''The Energy Non-Crisis'' that oil finds have been deliberately suppressed including a large find at Gull Island, Alaska.<ref>http://www.reformation.org/energy-non-crisis.html</ref>  Williams has resurfaced recently giving public speeches on the same topic in response to recent "peak oil" and "energy crisis" scares.

Lindsey Williams, a Baptist chaplain to the 1970s Trans-Alaska Pipeline project, asserts in his 1980 book ''The Energy Non-Crisis'' that oil finds have been deliberately suppressed including a large find at Gull Island, Alaska.<ref>http://www.reformation.org/energy-non-crisis.html</ref>  Williams has resurfaced recently giving public speeches on the same topic in response to recent "peak oil" and "energy crisis" scares.

''The Myth of the Oil Crisis'' by Robin M. Mills<ref>http://oilcrisismyth.com/</ref> is a 2008 book extensively documenting how "peak oil" theories are based on flawed assumptions and discredited science.  Mills asserts that unconventional oil resources are much larger than conventional oil sources and have barely been developed at this point, leaving hundreds of years of oil yet to extract.

''The Myth of the Oil Crisis'' by Robin M. Mills<ref>http://oilcrisismyth.com/</ref> is a 2008 book extensively documenting how "peak oil" theories are based on flawed assumptions and discredited science.  Mills asserts that unconventional oil resources are much larger than conventional oil sources and have barely been developed at this point, leaving hundreds of years of oil yet to extract.

Peter Huber and Mark Mills' 2005 book ''The Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy'' documents why energy is not scarce, new energy sources and transmission and storage are always being developed, and rapidly improving energy effeciency correlates with both increased usage and new sources leading to ever-cheaper, less polluting energy and more prosperity; in sum, no "energy crisis" is on the horizon for the foreseeable future and we may even see an energy glut, making any concerns over diminishing oil supplies a non-issue.

Peter Huber and Mark Mills' 2005 book ''The Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy'' documents why energy is not scarce, new energy sources and transmission and storage are always being developed, and rapidly improving energy efficiency correlates with both increased usage and new sources leading to ever-cheaper, less polluting energy and more prosperity; in sum, no "energy crisis" is on the horizon for the foreseeable future and we may even see an energy glut, making any concerns over diminishing oil supplies a non-issue.

==Maybe not "Fossil Fuel"==

==Maybe not "Fossil Fuel"==

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[[category:geology]]

[[Category:Geology]]

[[category:economics]]

[[Category:Economics]]