Running Out of Oil?
By Walter E. Williams
"Proven" oil reserves, oil that's economically and technologically recoverable, are estimated to be more than 1.1 trillion barrels. That's enough oil, at current usage rates, to fuel the world's economy for 38 years, according to Leonardo Maugeri, vice president for the Italian energy company ENI. But for decades, alarmists have claimed we're running out of oil…
By Walter E. Williams
"Proven" oil reserves, oil that's economically and technologically recoverable, are estimated to be more than 1.1 trillion barrels. That's enough oil, at current usage rates, to fuel the world's economy for 38 years, according to Leonardo Maugeri, vice president for the Italian energy company ENI. But for decades, alarmists have claimed we're running out of oil…
posted by HeavyHanded at
8:31 PM
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