January 12, 2001
Fascinating article about the current

Fascinating article about the current state of oil production.

the world has burned about 820 billion
barrels of oil since the first strike at Oil Creek,
Pennsylvania, in 1859, and 600 billion of those
barrels -- almost three fourths of the total -- have
been burned since 1973. Yet the world's proven oil
reserves are about half again as large today as they
were in the 1970s, and more than ten times as large as
in 1950. It is as if using up oil has somehow created
more, although obviously that cannot be true.

An amazing amount of ingenuity has gone into making this happen.

Posted by Bill Stilwell at January 12, 2001 12:00 AM
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