What Does Exxon Say About Peak Oil?

In an Op-Ed piece submitted by Exxon to a major news publication it was stated in the closing paragraph, "With abundant oil resources still available...peak production is nowhere in sight." The picture below was taken from that op-ed submission by Exxon.


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Below is the truth about Peak Oil.


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The truth about Peak Oil is clouded by OPEC stating that they will be able to provide enough oil to meet all the worlds demands for the next 50 years. The truth is obscured by the U.S. Geological Survey stating that Peak Oil is decades away. The truth is shrouded by companies like Exxon who pretend that Peak Oil will not be a problem for years to come. This is why the U.S. public is angry about the rising oil prices and feel that the culprits are Wallstreet, Washington, Haliburton, President Bush or Big Oil. Nobody realizes the truth: The price of oil and gasoline are rising due to demand becoming dangerously close to exceeding that of supply.

The other night I witnessed a debate on CNN between two analysts who were fighting about the cause of rising prices at the pump. One analyst said it was the result of big oil and price gouging. The other analyst said the high prices were the result of the war on terror. The second analyst thought that we had to choose between fighting terror or having low oil and gasoline prices. The sad part is that both analysts were completely wrong in their analysis of why prices are rising and will continue to rise. The fact of the matter is that rising prices at the pump are a direct result of world oil production being at or near peak oil.



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