Oil 1 Peak Oil 21



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Offshore Drilling Solves


Oil pessimists don’t account for offshore drilling.
Bob Williams, executive director, Oil & Gas Journal, “Debate over peak-oil issue boiling over, with major implications for industry, society,” 7/14/03, pg. 18
"When I talk to the Malthusians, Hubbertians, pessimists, depletionists, doomsters, or whatever term you like to use for them, they all become very uncomfortable with adding so-called unconventional oil resources to the picture," he [Alhbrandt, world energy project chief with the US Geological Survey in Denver] said. "They prefer to argue , , , individual nations are so absorbed that they would rather destroy the rest of the world rather than develop these unconventional resources.
"You don't get invited to the big shrimp dinners, lecture tours, etc., by pointing out that there really isn't a supply crisis unless you restrict the argument to the cheapest, geographically most preferable regions and exclude all other supplies.
"It is dangerous to run around the world saying we are going end civilization (wars, economies collapse) because we are running out of oil, when clearly we are not.
"World oil reserves (conventional, recoverable), using IHS (Energy) data, increased 15% from 1996 to 2001; they increased 36%, if you use the Oil & Gas Journal reserve numbers.
"If, however, you start excluding offshore oil, as Campbell does, because it is too expensive (although I would think it is up to the companies to determine this), then you can get a crisis of the cheapest oil sources of the past century.
"Most consumers aren't too worried about whether their gas tank was filled by oil from Offshore Nigeria, tar sands of Canada, or from the Denver basin."

Oil = Renewable


Hydrocarbon content in oil fields suggests that petroleum is an abiotic, renewable resource, allowing oil fields to produce “forever.”
Peter R. Odell, Professor Emeritus of International Energy Studies @ Erasmus University, “Why Carbon Fuels Will Dominate the 21st Century’s Global Energy Economy,” 2004,, p. 113



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