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Monday, November 19, 2007

Oil Situation Explained

Who has the oil

Oil imports by country

How Much Oil Is Left

According to the Energy Watch Groups October 2007 report, the amount of oil discovered each year also peaked during the 1960's at around 55 Gb/year, and has been falling steadily since (in 2004/2005 it was about 12 Gb/year).

"Our principal constraints are cultural. During the last two centuries we have known nothing but exponential growth and in parallel we have evolved what amounts to an exponential-growth culture, a culture so heavily dependent upon the continuance of exponential growth for its stability that it is incapable of reckoning with problems of nongrowth." M. King Hubbert


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“All truths are easy to understand once they are discovered; the point is to discover them.” (Galileo Galilei)

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