X-Message-Number: 29553 From: "Mark Plus" <> Subject: Ahem. . . Date: Tue, 12 Jun 2007 08:05:07 -0700 According to BP's just-published Statisical Review of World Energy for 2007, world oil production grew by a shockingly low 0.4 percent from 2005 to 2006 (though I come up with 0.5 percent from the table's figures), despite persistently high prices which should have caused a flood of oil to come into the market according to standard economic theory: http://www.bp.com/liveassets/bp_internet/globalbp/globalbp_uk_english/reports_and_publications/statistical_energy_review_2007/STAGING/local_assets/downloads/pdf/table_of_world_oil_production_2007.pdf Meanwhile, proved oil reserves declined slightly (by 1.3 billion barrels, about sixteen days' supply at current production levels): http://www.bp.com/liveassets/bp_internet/globalbp/globalbp_uk_english/reports_and_publications/statistical_energy_review_2007/STAGING/local_assets/downloads/pdf/table_of_proved_oil_reserves_2007.pdf A few more data points like these, and the Peak Oil deniers will have some explaining to do. Mark Plus _________________________________________________________________ Don't miss your chance to WIN $10,000 and other great prizes from Microsoft Office Live http://clk.atdmt.com/MRT/go/aub0540003042mrt/direct/01/ Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=29553