Chevron announces that they now have 11.8 years of oil left at current production levels after aquir-ing Unocal reservesOil has been running out in 40 years for the last 40 years.
Peak oil was originally supposed to happen around 20 years ago. It didn’t.
Where are all these crackpot posts coming from lately
Foiled Bid Stirs Worry for U.S. Oil (Published 2005)
Oil companies face whether they might suffer political retribution in their dealings with foreign governments in wake of political lobbying in Washington that scuttled China's Cnooc from acquiring Unocal; fate of Unocal is finally settled when majority of company's shareholders approve takeover...
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An Oil Enigma: Production Falls Even as Reserves Rise
An Oil Enigma: Production Falls Even as Reserves Rise (Published 2004)
Chevron Texaco says its proven oil and natural gas reserves have risen 14 percent, over one billion barrels, in last six years, but its annual output during that time has fallen by almost 15 percent; Chevron Texaco is not only big oil company whose production is falling despite rising reserves...
www.nytimes.com
Department of Energy estimated the world's supply of unexploited oil reserves the world supply of oil will be totally exhausted 35 years from now (June 2003).
World oil and gas 'running out'
The Oil Crunch
The question, instead, is when the trend in oil prices will turn decisively upward. That upward turn is inevitable as a growing world economy confronts a resource in limited supply. But when will it hap-pen? Maybe it already has.
Opinion | The Oil Crunch (Published 2004)
Paul Krugman Op-Ed column says oil is getting more expensive not only because of war in Iraq but also because of intensifying competition for limited world oil supply, with biggest increases in demand coming from booming developing countries like China; says no major oil fields have been found...
www.nytimes.com
Austin American-Statesman: Local News, Politics & Sports in Austin, TX
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"Texas' oil resource is pretty well picked over,"
Austin American-Statesman: Local News, Politics & Sports in Austin, TX
Get the latest breaking news, sports, entertainment and obituaries in Austin, TX from Austin American-Statesman.
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Oman's Oil Yield Long in Decline, Shell Data Show
OMAN'S OIL YIELD LONG IN DECLINE, SHELL DATA SHOW (Published 2004)
Royal Dutch/Shell Group's oil production in Oman has been declining for years, belying company's optimistic reports and raising doubts about whether new technology can extend life of huge but mature oil fields in Middle East; internal Shell documents suggest that figure for proven oil reserves...
www.nytimes.com
Half of Texas’s oil wells have dried up in the past 40 years and there are very few new ones.
Austin American-Statesman: Local News, Politics & Sports in Austin, TX
Get the latest breaking news, sports, entertainment and obituaries in Austin, TX from Austin American-Statesman.
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Tight Oil Supply Won't Ease Soon
Two dollars for a gallon of gas? Get used to it. High fuel prices are here to stay, at least for the near future, because no relief is in sight for tight oil supplies.
TIGHT OIL SUPPLY WON'T EASE SOON (Published 2004)
Gas prices are likely to remain high because no relief is in sight for tight oil supplies; most countries and major companies are producing all they can, smaller companies and wildcatters do not have enough wells to re-open and Saudi Arabia's extra oil is too heavy in sulfur for main consuming...
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The end of the Fossil Fuel era is upon us so what are we going to do next-?
https://www.facebook.com/Vox/videos/vox-netflix-the-end-of-oil-explained/831355490860719/