nsTeam1RO, nsTeam1RW, nsTeam1_talkRO, nsTeam1_talkRW
13,818
edits
Changes
Jump to navigation
Jump to search
Line 11:
Line 11: + +
→Rejection of theory
==Rejection of theory==
==Rejection of theory==
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.
==Maybe not "Fossil Fuel"==
==Maybe not "Fossil Fuel"==