Oil supply optimists claim that new technology combined with private development of the world's remaining oil resources--most of which are now under the control of government-owned companies--would vastly increase global oil production and put off any decline for decades. Texas oilman Jeffrey Brown isn't buying it, and he cites the history of oil production in Texas and the North Sea to explain why....Read more
Thursday, February 25, 2010
Do Texas and the North Sea foretell the future of oil production?
My latest column on Scitizen entitled "Do Texas and the North Sea Foretell the Future of Oil Production?" has now been posted. Here is the teaser: