This Chart Destroys The Idea Of Peak Oil

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Thursday, June 14, 2012 This Chart Destroys The Idea Of Peak Oil For 61 years, BP's annual Statistical Energy Review has been one of the most closely watched studies in the industry.  And given the upheavals in the energy industry in recent years, this year's edition was going to be particularly significant. It does not disappoint. Here is a graph that we believe cast serious doubt on peak oil theory — the idea that we are imminently in danger of exhausting the world's hydrocarbon supply. BP has a more nuanced, though no less categorical take: "The world is not structurally short of hydrocarbon resources – as our data on proved reserves confi rms year after year – but long lead times and various forms of access constraints in some regions continue to create challenges for the ability of supply to meet demand growth at reasonable prices." Here are worldwide proved reserves, by decade. Read » Also On Money Game Today: STOCKS EXPLODE HIGHER AND RUMORS ARE FLYING: Here's What You Need To Know MARKETS WHIPSAW AFTER COORDINATED CENTRAL BANK ACTION RUMORS Bob Janjuah: The S&P Will Rally...Then Collapse To 1,000 By The End Of The Year MICHELLE MEYER: No QE Next Week But A Big Round Of Easing Is On Its Way Advertisement CHART OF THE DAY: Spain's Gigantic Debt Problem CHART OF THE DAY: Whole Foods Is Now Bigger Than The Portuguese Stock Market CHART OF THE DAY: The Spanish Bailout Disaster Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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