Article in the Cincinnati Enquirer on 10/19/05, I think it appeared in USAToday on 10/17/05(by David J. Lynch). I couldn't link to it without paying. Vocal minority say production is at or near its peak. Much debate as usual. Some say it will peak in 2020. Countries consumption in Million Barrels per Day...US 20.5, China 6.68, Japan 5.29, Germany 2.63, Russia 2.57, India 2.56, S. Korea 2.28, Canada 2.2, France 1.98, Mexico 1.9. World's oil consumption is projected to go from 80(2002) to 119 million barrels per day in 2025. Exploratory wells drilled 32,639 in 1980, 6,904 in 2004. Oil well depth has gone from 3810 feet to 5249 feet 1980-2004.
Some wild quotes... "maybe we'll be driving vehicles that get 110 mpg. The Prius has gone from 48 mpg in 2001 to 55 mpg in 2005, so 110 mpg isn't out of the question." (!) He says that low oil prices in the 90s led to mergers and slashing of research spending, so the industry is not equipped to develop necessary innovations. They mention possible oil from tar sands.... I liked this quote... "Some believe if you show up at the cashier's window with enough money, *** wil put more oil in the ground." Also mentions a 91 page study prepared in February for the Energy Department which concluded: "The world is fast approaching the inevitable peaking of conventional world oil production...(a problem) unlike any yet faced by modern industrial society." The article covered almost a half page in the paper.....
Some wild quotes... "maybe we'll be driving vehicles that get 110 mpg. The Prius has gone from 48 mpg in 2001 to 55 mpg in 2005, so 110 mpg isn't out of the question." (!) He says that low oil prices in the 90s led to mergers and slashing of research spending, so the industry is not equipped to develop necessary innovations. They mention possible oil from tar sands.... I liked this quote... "Some believe if you show up at the cashier's window with enough money, *** wil put more oil in the ground." Also mentions a 91 page study prepared in February for the Energy Department which concluded: "The world is fast approaching the inevitable peaking of conventional world oil production...(a problem) unlike any yet faced by modern industrial society." The article covered almost a half page in the paper.....