Energy Bulletin: Congressional Peak Oil Caucus Responds to CERA Study

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"Congressman Bartlett said, "The CERA report agrees that world oil production will peak and projects it will occur within 20-25 years. However, world demand is growing exponentially - faster than production so the CERA report confirms the likelihood of future shortages of liquid fuel and much higher and volatile prices. A major flaw in the CERA report is its reliance upon questionable assessments of global reserves by the USGS. USGS estimates of future world reserves equate a 50 percent probability with a 50th percentile or mean. That is a bizarre and totally inaccurate use of statistics. It almost doubles the amount of projected reserves compared to the 95 percent probable estimate. Actual discoveries are tracking the 95 percent probable trend. That means world oil production will peak much sooner than CERA projects in this report."

Now, before the new congress goes into its first session, would be the optimal time for us to contact our newest representatives and let them know about Rep. Roscoe Bartlett (R-MD) and to tell them to meet with and support him. Congressman Bartlett is one of my favorites!!!