Quote:
Originally Posted by MTUpower
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Yes I know there is going to be an oil shortage.
The world now uses approximatly 32 billion barrels of oil per year.
http://oildepletiondebate.blogspot.com/2008/02/at-1000-barrels-of-oil-per-second.html
The 4.3 billion barrels in your article will last about 2 1/2 months.
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And Saudi Arabia is starting to drill for oil off shore.
Drilling off shore is way more expensive than conventional drilling.
If they are running out of oil, then we have defiantly passed the peak oil mark.