Is peak oil imminent? Lots of people seem to think so.
The data (released by BP a company who have a vested interest in oil scarcity) don’t agree. Proved reserves keep increasing:
The oil in the ground will run out some day. But as the discovery of proven reserves continues to significantly outpace the rate of extraction, the claims that we’re facing immediate shortages looks trashy.
Some may try to cast doubt on these figures... (CONTINUE)
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