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The Natural Philosopher[_2_]

wrote:
nightjar wrote:
"peakoil" wrote in message
...

Does anybody know, that according to some Oil Geologists (e.g. Colin
Campbell) in 2013 the world oil output is going to peak ?
Yes, although 2040 has also been suggested. However, peak oil theory is
based upon the invalid assumption that recoverable oil reserves are fixed.
It has had one success, although it was a few years wrong on exactly when US
oil production would peak, and multiple failures in its predictions.

Colin Bignell

Oil exploration is expensive. Its only finanically worthwhile
exploring enough to give a lmiited time buffer ahead. The failure to
understand this is the cause for this erroneous 'peak oil' hypothesis.

So there is unlimited oil in the ground that will always take less
energy to extract than is actually in the oil?

NT