The 15 billion barrels or so that is supposedly economically accessible in protected U.S. offshore sites would slake around 6 months of global demand (32 billion barrels per year, equal to 82 mbd times 365 days per year) in 2008, and of course a much smaller share by the time they reached the market in 10 to 15 years.
over the barrel of peak oil
Sunday, September 28, 2008
Sachs on message
Back in April, I wrote to Jeffrey Sachs about his emphasis on climate change. He's come around to see the danger of peak oil, as per this latest Scientific American column of his:
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