Time of Oil (Hubbert's peak)

[Yoshie Furuhashi <furuhashi.1@xxxxxxx>]

Julio wrote:

> #1 At this point in time, is there an absolute amount of oil in the
> depths of our planet, say, "the absolute reserve"?
>
> Yes, of course.  There must be.  If we had an infinity ability to
> MRI-scan our planet, we would know it for sure.
>
> #2 Is global oil production near, at, or beyond its peak level
> already?  Is "the known oil reserve" about to be exhausted?
>
> Who the hell knows?  Michael Perelman, of course, but who else?

It's fascinating that the concept of time is missing in all the PEN-l
discussions of oil, except in Tom's postings.  Why translate the
question of time (e.g., Tom's question: Will it come to take "more
labour time than it saves to find and produce the oil?") into that of
space (i.e. absolute and known oil reserves).
--
Yoshie

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