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Quote: We were supposedly going to run out of oil about 1920, according to estimates about 1905. Gasoline, steam and electric cars were all widely manufactured back then. The more we learn about it, the more we realize our ignorance. For example, a major rig offshore near the Texas/Louisiana state line started at 20,000 barrels a day. Over several years, production slowly declined to 2,000 barrels. Then something shifted and went "bloop" with an enormously loud sound and the rig is pumping 22,000 barrels. This renewed the debate whether oil is really decayed dinosaurs or whether it's some strange mineral product of the earth that we don't understand. I'm surprised at all the lefty whinging and outrage blaming everything on the evil American capitalists. Yes, comrade, everything is George W. Bush's fault personally. Peter, La Marque, Texas From: Has Oil Production Peaked? (BBC News discussion)
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