Peak Oil and the Japanese Consumer
Boy, talk about upbeat!
This morning's paper carries an article from Kyodo (one of Japan's major news agencies) bearing the good news that there is plenty of oil.
Starting with the highly misleading headline "There Are 280 Years' Worth of Oil," the first paragraph kicks off with a sentence citing a British Petroleum claim that including confirmed reserves and the promise of oil fields yet to be discovered, we can continue production at the current level for another 40 years.
( Full story here )
This morning's paper carries an article from Kyodo (one of Japan's major news agencies) bearing the good news that there is plenty of oil.
Starting with the highly misleading headline "There Are 280 Years' Worth of Oil," the first paragraph kicks off with a sentence citing a British Petroleum claim that including confirmed reserves and the promise of oil fields yet to be discovered, we can continue production at the current level for another 40 years.
( Full story here )
posted by Oil Shock at 3/09/2006 07:02:00 PM
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