The idea that fossil fuel is really a misnomer and that oil is constantly
being produced within the earth is intriguing and something that I have read
about before, but not in the detail that this article describes. Of course,
the issues of global warming, oil spills, tensions between the oil haves and
oil have nots would loom as large as ever, even if this wealth were to
materialize. As to the reality of today's energy situation, this is depicted
very well on the BP website: http://www.bp.com/
If you click on this link:
http://www.bp.com/subsection.do?categoryId=10104contentId=2015020 it
should take you directly to the Statistical Review - Downloads page where
you can choose Oil, Natural Gas, Coal, Nuclear Power, etc., and there is
considerable useful statistical information for these fuels. On the bottom of
the menu on the left side of that same page, there is an Energy Charting Tool
link. If you click on that and then click on Launch the energy charting
tool (in the middle of the page), you can get very useful and flexible
graphical information. One of the most useful charts is the Oil
Reserves/Production ratios chart. The Oil Reserves/Production ratio indicates
the number of years of remaining supply for a given region, or the world as a
whole, based on proven reserves and the current level of production. For
example, click on the + for Oil Reserves/Production Ratios to expand the
menu, and then click on North America - Oil R/P Ratio and on the right side,
click on All (years) and you will see a chart with a declining trend that
terminates at the number 10 by the end of 2002 - i.e. there is a 10 year
supply of oil remaining in North America. So for anyone in this country that
is already concerned that we are using and importing too much oil, then just
wait about 10 years and see how it looks. (Homework assignment - what is the
2002 North America R/P ratio for natural gas?) The most optimistic estimates
that I have heard for North Slope oil production, even if that were to proceed,
would only add about 1.5 years to the U.S. supply, and all of this assumes
consumption at the current rate, an unlikely scenario in light of increasing
consumption trends (see consumption charts).
I have found this information very useful in conveying the urgency of our
current situation (and it can also be useful if one is accused of the sky is
falling rhetoric.)Also, in connection with this, the June issue of
National Geographic has a cover story on the subject of oil supplies and the
end of cheap oil, and it also has some very good graphical information.
As to British Petroleum, I wish that BP really meant Beyond Petroleum
in a literal sense and not in the figurative sense that they (Lord Brown) mean
it, but they do seem to be much more progressive than their competitors. In
any case, they have provided some very useful information in an excellent user
friendly format. .
Bruce Colley, Sustainable Energy Project
http://www.sustainableenergyproject.org
- Original Message -
From: John Donahue
To: biofuel@yahoogroups.com
Sent: Wednesday, June 02, 2004 8:45 AM
Subject: [biofuel] Interesting news about crude reserves
Hi: I am a lurker in this group, mostly just reading what others have
to say.
I ran across this yesterday
http://worldnetdaily.com/news/article.asp?ARTICLE_ID=38645
Regarding the source of petroleum reserves.
John Donahue
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