Thats why Clarkes book is subtitled Peak Oil Myths & World Oil Reserves.
The notion of Peak Oil, a point at which the worlds oil reserves begin to fall off and chaos follows, is based on the belief that there is a finite amount of oil, no new oil will be discovered and extracted, and, well, were doomed.
When it comes to oil and natural gas, nations have no sense of humor, even if, in the case of the United States, they often display an astonishing lack of good sense. Before Bush, former President Jimmy Carter became convinced in the 1970s that all the proven reserves of oil would shortly be used up. With the price of oil hitting more than $80 per barrel, one would think that Congress would be inclined to opening access to those billions of barrels, but the current Democratic Party controlled Congress is more concerned about a bogus global warming than it is about insuring Americans can drive their cars and trucks, heat their homes, and process oil for the countless products that are produced from it.
You are no doubt familiar with the long fight over permitting drilling in Alaskas Natural Wildlife Reserve, where its estimated there are billions of barrels of untapped oil, but you are surely going to be surprised to learn that the oil industry is excluded from exploring 85 percent of all American territorial waters. As Duncan Clarke, Chairman and CEO of Global Pacific & Partners and the author of a new book, The Battle for Barrels, points out regarding Americas continental shelf, The undiscovered oil potential in the areas demarcated for possible offshore (exploration) in the Pacific, Atlantic, and Gulf of Mexico could allow the tapping of up to 85 billion barrels of oil that technically could be recoverable [but this] awaits the political passage of bills through the legislature -- i.e., through the U. And this doesnt even include the vast reserves of natural gas that are estimated to exist.
Caruba writes a weekly commentary, "Warning Signs," posted on the Internet website of the National Anxiety Center, which is located at Carubas new book, Right Answers: Separating Fact from Fantasy, has been published by Merril Press.
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It simply does not matter why peak crude oil extraction is reached, the peak is the peak regardless of the cause.
Anyone who has followed the trajectory of the environmentalist movement for the last three or four decades knows that much of it is based on ludicrous claims that the Earth is doomed and mankind is to blame.
Peak Oil and its end of civilization message got its impetus from a study by M.