re: get ready for 100 oil.. mirish
there hasnt been a major oil field discovery for 30 years
supplies very tight; technology isnt there to extract non-conventionals
when the coastal people of china decide they want the same % automobiles as Korea; and they number 165million people; we need 2 more saudi arabias pumping flat out!
"In 1900, the US started to industrialize. We were using one barrel of oil per person per year. By 1970, we were using 27 barrels per person. In 1950, Japan started to industrialize. They were using 1 barrel per person. By 1970, they were using 17. In 1965, South Korea started to industrialize. They were using one barrel per person per year. By 2000 they were using 17. Today, China uses 1.3 barrel per person per year and India uses 0.7." Clyde C. Harrison