Comment 5731

By adrian (registered) | Posted March 05, 2007 at 08:33:30

From the New York Times:

The Kern River oil field, discovered in 1899, was revived when Chevron engineers here started injecting high-pressured steam to pump out more oil. The field, whose production had slumped to 10,000 barrels a day in the 1960s, now has a daily output of 85,000 barrels.

In Indonesia, Chevron has applied the same technology to the giant Duri oil field, discovered in 1941, boosting production there to more than 200,000 barrels a day, up from 65,000 barrels in the mid-1980s.

[...]

There is still a minority view, held largely by a small band of retired petroleum geologists and some members of Congress, that oil production has peaked, but the theory has been fading.

http://www.nytimes.com/2007/03/05/busine...

I'm not suggesting that the NYT is always a trustworthy news source, nor do I think that pumping more and more oil out of the ground is a good thing. However, I still retain a great deal of skepticism about peak oil claims.

I'm inclined to think transitioning away from fossil fuels to renewable energy is a move we must make for environmental reasons, not one we must make because of resource depletion.

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