Leonardo Maugeri, senior vice president of the Italian oil company Eni,
published a paper titled
"Never Cry Wolf: Why the Petroleum Age is Far From Over"
in Science. It's an interesting piece of propaganda that somehow
made into a peer reviewed journal. Look
here
for a summary
of the paper. I think Maugeri is right regarding the reserves,
but his point is also totally irrelevant. As I've noted before, if you ask the
independent experts,
they'll tell you that
the peak of oil production is the turning point for the
price of oil. Chinas growing hunger for oil and other resources will make for some interesting times. Thorium reactors look better every day.
