Friday, August 25, 2006

192 Countries

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There are 192 countries in the world, only 30 produce oil and only 17 export more than 500,000 barrels of oil per day.

It is estimated that the world will need 110 million barrels of oil per day (up from 85 million today) by 2015

If you have a local well of water (which in theory replenishes itself with rainfall) and it is falling in reserves..what is the first thing you try to do?

1) You do not allow more wells to be drilled
2) You slow the current draw down and hope to preserve what is left.
3) This is what cities do when a drought comes...like many are now..around the world.

If you have a large reservoir of oil (that does not replenish itself) and it is deemed to have peaked in production what is the first thing you are going to do?

1) You will not allow more wells to be drilled
2) You will slow the current draw down to preserve what is left.
3) Do you think you will allow an increase in production to export what is left to the USA??

People need to understand the ramifications of the misunderstanding that is taking place today.
The world simply can't produce 110,000,000 million barrels of oil per day in 2015...it is struggling today to meet current needs.

Barkly seen here thinks through all these numbers and is largely confident we will succeed because his master has thought about it and is making the proper changes and reserves for the future.