[Pops]

Most folks that know more than me think there are still quite a few billion barrels left to find.

But even with reserve growth we’ve been finding less and less and smaller and smaller for 40 or so years so a huge find does seem improbable.

I love to have a few billion barrels more sitting offshore though.

[mrobert]

This story is similar to that claiming a device that can be attached to a man's d*ck so he can piss in the fuel tank, and have the piss instantly transformed into premium gasoline.

I also heard they are working on a version for women.

[MacG]

$this->bbcode_second_pass_quote('ReserveGrowthRulz', 'B')ut what is funny about probabilities is, just because it hasn't been found, doesn't discount the idea that it CAN be found. Simply sticking ones head in the sand and pretending that unexplored areas of the planet of COURSE can't have world class sedimentary basins in them is ridiculous and a key component to why Peak Oil probably isn't yet, and may not be for quite some time.

[Leanan]

$this->bbcode_second_pass_quote('', 'B')ut what is funny about probabilities is, just because it hasn't been found, doesn't discount the idea that it CAN be found. Simply sticking ones head in the sand and pretending that unexplored areas of the planet of COURSE can't have world class sedimentary basins in them is ridiculous and a key component to why Peak Oil probably isn't yet, and may not be for quite some time.

[Zardoz]

$this->bbcode_second_pass_quote('warmh2o', 'W')hat do ya'll think?

[coyote]

God damn it. I saw the headline and got all excited for a second. Now I'm all pissed off...

[Jack]

No doubt this is why futures traders are bidding the price of oil up today. Clearly, they seek to generate tax losses.

[jato]

This is not a Current Event...moving to Open Discussion.

[Leanan]

I think it was in his first book. I'll check when get home.

[ReserveGrowthRulz]

$this->bbcode_second_pass_quote('Leanan', '
')According to Deffeyes, there are no unexplored areas of the planet left.

[skeptic]

Google reveals this is old stuff recycled from an article put out by the American Geological Institute in June 2003

http://www.agiweb.org/geotimes/june03/NN_gulf.html

as we havent heard anything more of this in the interim, I assume it didnt come to much.

I like the look of a Lithium battery powered Daimler Chrysler Smart ForTwo... I'll take one of those. Perfect for where I live. Those arent on sale in the UK yet - only the standard petrol versions are available

http://www.newtechspy.com/articles06/lithiumcar.html

Think I'll wait till the price comes down a bit tho...$35,000 is absurd... the petrol version retails from £6775 in the UK. http://www.smart.com

[EddieB]

You know, I tried to poke around on that website and couldn't stand it. It is a POS if ever I saw one with graphics on top of script, typographical errors left and right, and generally poor presentation. I'm amazed that anyone would believe something from such an obviously irreputible source like that... Ah well.

[NEOPO]

How does something like this make peakoil.com headline news?

[ashurbanipal]

$this->bbcode_second_pass_quote('', 'H')e's wrong. In part at least because he apparently doesn't have a clue as to what "explored" constitutes.

[0mar]

$this->bbcode_second_pass_quote('ReserveGrowthRulz', '')$this->bbcode_second_pass_quote('Leanan', '
')According to Deffeyes, there are no unexplored areas of the planet left.

[ReserveGrowthRulz]

$this->bbcode_second_pass_quote('ashurbanipal', '')$this->bbcode_second_pass_quote('', 'H')e's wrong. In part at least because he apparently doesn't have a clue as to what "explored" constitutes.

[ReserveGrowthRulz]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('ReserveGrowthRulz', 'H')e's wrong. In part at least because he apparently doesn't have a clue as to what "explored" constitutes.

[ReserveGrowthRulz]

$this->bbcode_second_pass_quote('0mar', '
')I'm sorry, what degrees do you hold in geology and what experience do you have with working with oil companies? Deffeyes ahs a PhD and over 30 years experience in the field. I'm more inclined to believe him than some random poster on PO.net.