Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
But since the world is eating up more than 80 million barrels of oil a day at the moment, it is in fact less than a week's global supply. In 2000 there were 16 discoveries of 500 million barrels of oil equivalent or bigger. In 2001 there were nine. In 2002 there were just two. In 2003 there were none.

Right about there the red alert sirens ought to start screaming.  In all of 2000 we found less than 16 weeks worth of new oil supplies.  In 2001 we found less than nine.  In 2002 we found less than two.  In 2003 we found none.  I know that's not an entirely accurate translation, but still...

We all bleed the same color.

by budr on Sun Jan 22nd, 2006 at 06:43:13 PM EST

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