[ExI] Whatever happened to peak oil by 2020?

[Peter E McAlpine]

Forget "peak oil" until all government hindrance of exploration and drilling
is ended.

 

From: extropy-chat-bounces at lists.extropy.org
[mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of John Clark
Sent: Sunday, April 28, 2013 1:11 PM
To: ExI chat list
Subject: [ExI] Whatever happened to peak oil by 2020?

 

Because of improvements in technology, in particular hydraulic fracturing
that gets light oil and gas from shale, the Paris based International Energy
Agency says:

"By around 2020, the United States is projected to become the largest global
oil producer overtaking Saudi Arabia [...] The result is a continued fall in
US oil imports, to the extent that North America becomes a net oil exporter
around 2030.  [...] The United States, which currently imports around 20% of
its total energy needs, becomes all but self-sufficient in net terms - a
dramatic reversal of the trend seen in most other energy- importing
countries."

 

For more see:

http://www.iea.org/publications/freepublications/publication/English.pdf

  John K Clark




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