Another belch from the "we're running out of oil / no we're not" perpetual motion machine.
No Peak in Oil Before 2030, Study Says
Not the first time in the past 50+ years that I've read a story about the world's oil supply, but definitely the first time I've ever read that the limitation will not be the physical amount of oil available:
Quote:
The ultimate point of the report, said Peter Jackson, the study’s main author, was to point out that while geological issues are important, future oil production will be mostly driven by the “above ground elements of the equation.”
“Looking ahead, we can see that the upstream industry faces many challenges,” the report said. “The longer-term problem lies not below ground, but in obtaining the investment and resources that the industry will need to grow supply significantly from current levels.”
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