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The Earth is not running out of oil and gas, BP says

8 pointsby AliCollinsover 9 years ago

3 comments

pjc50over 9 years ago
This relies on fudging the distinction between &quot;reserves&quot; and &quot;resources&quot;. The actual existing quantity of oil and gas in the earth is fixed, unknown but estimated. As it&#x27;s surveyed and deemed economically recoverable it&#x27;s moved into the &quot;reserves&quot; category.<p>This doesn&#x27;t take into account &quot;unburnable&quot; fossil fuels which can be extracted at the cost of pushing us over the &quot;catastrophic&quot; IPCC predictions.<p><a href="http:&#x2F;&#x2F;www.oilandgasinvestor.com&#x2F;stephen&#x2F;2010&#x2F;02&#x2F;19&#x2F;energy-terms-reserves-vs-resources" rel="nofollow">http:&#x2F;&#x2F;www.oilandgasinvestor.com&#x2F;stephen&#x2F;2010&#x2F;02&#x2F;19&#x2F;energy-t...</a>
thomasrossiover 9 years ago
&quot;We envisage increasing competition between energy resources,&quot; he said. &quot;This will likely result in increased competition in the energy market and disruption for the incumbent.&quot; - speaking of clean energy sources.<p>Making the scenario competitive is the only way indeed, responsibility assignation like Kyoto protocol are meh.
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k8tteover 9 years ago
what a load of bullshit.