Peak Oil worries from the past…

Source An interesting bit of perspective I stumbled upon tonight… from 1976, this is from the Hansard for a debate during the 31st session of Parliament at the BC Legislature in Victoria. MR. WALLACE: Mr. Speaker, the issue is unquestionably complex. I think there are few subjects on which the public are more confused when …

PEMEX says Mexican oil gone in 7 years

From the Horses Mouth… “Supplies of this economically exploitable resource are running out,” informed a report sent by the state owned company to the United States stock market. Until December 31, 2005 the report says proven reserves were about 8.978 billion barrels, while yearly production was 1.322 billion tons. If this rhythm continues oil will …