Peak Oil (cough)bullshit(cough)
From the Wall Street Journal via
Yahoo Finance:
Beyond the Gulf of Mexico, companies have announced big finds off the coasts of Brazil and Ghana, leading some experts to suggest the existence of a massive oil reservoir stretching across the Atlantic from Africa to South America. Production from deepwater projects -- those in water at least 1,000 feet deep -- grew by 67%, or by about 2.3 million barrels a day, between 2005 and 2008, according to PFC Energy, a Washington consulting firm.
To those peak oil proponents - Pbbbbbbbbtttttt...
Posted by DaveH at January 6, 2010 9:56 PM