Yes Peak Oil is a Myth though it is the Greens that keep bringing it up not the oil companies.
Are We Running Out of Oil? (
National Center For Policy Analysis)
Despite Popular Belief, The World Is Not Running Out Of Oil, Scientist Says (
Science Daily)
Myth: The World Is Running Out of Oil (
John Stossel, 20/20)
World not running out of oil, say experts (
The Times, UK)
Some Statistics:
- 2 Trillion barrels of oil are estimated in the United States oil-shale reserves (
USGS)
- 400 Billion barrels of oil are estimated under the Arctic Ocean (
Source)
- 10.6 Billion barrels of oil are estimated in the National Petroleum Reserve (NPRA) in Alaska (
USGS)
- 10.4 Billion barrels of oil are estimated in the Arctic National Wildlife Refuge (ANWR) in Alaska (
USGS)
- 4.3 Billion barrels of oil are estimated in the Bakken shale formation in North Dakota and Montana (
USGS)
- 4.0 Billion barrels of oil are estimated in the Central North Slope in Alaska (
USGS)