Quote:
Originally Posted by kip Foss
I think he is saying that based on how much oil has been used in the past, what our current usage is, and how much oil has been discovered lately the odds of any(or many) more Saudi type discoveries are pretty slim. Based on these figures he making an estimate of how much oil is remaining.
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That was what I was saying. It is only a Guesstimate. SWAG. Without knowing what is out there, all he can do is guess.
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