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Article #2607Re: There is enough oil on Earth for 1000 years !
From: TonyJeffs
Date: Tue, 26 Oct 2004 15:15
Date: Tue, 26 Oct 2004 15:15
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http://www.tonyjeffs.com/oil The above is a chart that I made, basing predictions of when each country will run out on the BP figures for proven reserves. I made it a few years ago, and it's proved correct for the UK. It'll be interesting to see if it's correct for Norway and the USA. I didn't use the Hunert curve, assumed constant demand at current rate, conventional oil only, no increase in reserves. The problem with predicting when it'll run out is that people have been predicting that oil will run out in 4 decades since the 60's and it's still 4 decades. We haven't gt any nearer. Certainly the UK "runs out" over the next few years and certainly the US has a quater of what it had in 1900. Tony
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