[asa] Peak Oil temporarily posponed?

<quote>
http://www.nytimes.com/2007/03/05/business/05oil1.html?_r=1&th&emc=th&oref=slogin

BAKERSFIELD, Calif. — The Kern River oil field, discovered in 1899, was
revived when Chevron engineers here started injecting high-pressured
steam to pump out more oil. The field, whose production had slumped to
10,000 barrels a day in the 1960s, now has a daily output of 85,000 barrels.

There is still a minority view, held largely by a small band of retired
petroleum geologists and some members of Congress, that oil production
has peaked, but the theory has been fading. Equally contentious for the
oil companies is the growing voice of environmentalists, who do not
think that pumping and consuming an ever-increasing amount of fossil
fuel is in any way desirable.
</quote>

I expect the postponement of peak oil even if true is only temporary.

Dave W

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Received on Mon Mar 5 07:08:53 2007