Energy resources and our future

Now, they are using some very interesting techniques here, and they did some simulations, and I have no idea what the inputs were into the simulations, but they have convinced themselves that there is a high probability that we will find twice as much more oil as all the oil that now exists out there unpumped. So they said gee, halfway between what they say is the low probability and the high probability is the mean, which is the expected yield. So they believe we are going to get, this is a total of 3,000, so we are going to get another 2,000 gigabarrels of oil. That is this red curve here.

What they show is that even if that is true, Mr. Speaker, even if that is true, and I think the odds that that is true are very small, but even if that is true, that pushes the peak out only to 2016.

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