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#16
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![]() Will it really peak in 5 years? I think not. Google Thomas Gold and non-biogenic oil and you will find that the party line may not be true. Not sure about the peak - depends on how good the reserve estimates of the Saudis are, but then we know they never lie, do they? Thomas Gold and Fred Hoyle were astronomers who between them came up with a number of pretty wild ideas, one of which was that Venus would turn out to be solid petrocarbons. So far, apparently Sweden has actually found 80 barrels of oil in their test of Gold's hypothesis after spending $$millions of dollars drilling in crystalline rock. But the source of that 80 barrels might just be percolation from nearby oilbearing strata. Would you feel any better if production peaks in 10 years instead of 5 in the face of increasing demand? |
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