Friday December 15, 2006 
Friday December 15, 2006
peakoil.com -> dfw.com :
Exxon Mobil lined up solidly against "peak oil" adherents, saying the estimated 4 trillion barrels of crude oil available for production will be more than enough to satisfy the estimated 60 percent increase in world demand for crude oil through 2030.
Such a view runs contrary to the peak oil argument, which warns that the world is near the peak production and any decline will weigh heavily in increased costs and geopolitical friction as demand continues to climb, particularly in China, India, Russia and the developing world. "We are comfortable that the technology exists to produce sufficient oil through 2030," Exxon Mobil planning manager Jaime Spellings said.
- Exxon Mobil can no more reject peak oil than a drowning polar bear can reject global warming.
(2006-12-15 12:13:04 SGT)
[Energy]
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