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Originally Posted by dready
If you read the OPEC monthly reports, you would see that I am not joking. The August issue shows that production of sweet crude oil is in decline.
Also recently announced was that major oil companies (non-OPEC) have already peaked. ( Source)
Call it a joke all you want. The problem is real. |
When you use terms like "gushers" doesn't help your cause.
Technology is revolutionizing exploration (as it has every other industry) and there will actually be more oil produced in the future due to increased exploration.
The "oil sands" in Canada are a joke.