Peak oil: postponed • The Register

Peak oil: postponed • The Register: "Oil supplies will actually last for far longer than our politicians think, the scaremongers fear, and the oil companies tell us. So says Dr Richard Pike, head of the Royal Society of Chemistry, and someone who isn’t afraid to stir controversy. Whither, then, Peak Oil?

In a wide-ranging interview, Dr Pike talked about energy independence, Peak Oil, and how to educate our scientifically illiterate elites.

Before becoming chief executive of the RCS, Pike spent twenty five years in the oil industry. His background hasn’t prevented him from calling for alternative energy sources to fossil fuels, and making criticisms that have embarrassed industry executives, latterly over the amount of oil lost to leakages.

But the most intriguing argument is that we’re simply not told the truth about how long oil supplies will last. Conventional wisdom reports the oil reserves as 1.2 trillion barrels. There’s far more than the oil companies report. This is neither cock-up nor conspiracy, he says, but a combination of conservative reporting, a failure to understand probability theory, and consequently a lack of understanding of the figures actually mean. Oil engineers and planners have their own – these are figures we don’t see."

Helge: US vice president candidate Palin seems to be promoting oil and not bioenergy and biofuels.
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