Is the world's oil supply on a slippery slope?
Some experts think the age of oil is near its end; for others, oil's availability depends more on what happens above ground than below.
According to "The Prize," Daniel Yergin's Pulitzer Prize-winning 1991 history of the oil industry, the dawning of the automotive age was a time of deep pessimism about America's oil supply. World War I had just ended, and few new fields had been discovered. Crude was in such short supply that some refineries were running at half capacity.
( Full story here )
According to "The Prize," Daniel Yergin's Pulitzer Prize-winning 1991 history of the oil industry, the dawning of the automotive age was a time of deep pessimism about America's oil supply. World War I had just ended, and few new fields had been discovered. Crude was in such short supply that some refineries were running at half capacity.
( Full story here )
posted by Oil Shock at 3/26/2006 11:06:00 PM
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