Wednesday, June 18, 2008

Oil shortage a myth, says industry insider.

Proven oil reserves are likely to be far larger than reported because of the way the capacity of oilfields is estimated and how those estimates are added to form the proven reserves of a company or a country. Companies add the estimated capacity of oil fields in a simple arithmetic manner to get proven oil reserves. This gives a deliberately conservative total deemed suitable for shareholders who do not want proven reserves hyped, Dr Pike said.

However, mathematically it is more accurate to add the proven oil capacity of individual fields in a probabilistic manner based on the bell-shaped statistical curve used to estimate the proven, probable and possible reserves of each field. This way, the final capacity is typically more than twice that of simple, arithmetic addition, Dr Pike said. "The same also goes for natural gas because these fields are being estimated in much the same way. The world is understating the environmental challenge and appears unprepared for the difficult compromises that will have to be made."

Amazingly Simple Home Remedies.

A sample:

FOR HIGH BLOOD PRESSURE SUFFERERS ~ SIMPLY CUT YOURSELF AND BLEED FOR A FEW MINUTES, THUS REDUCING THE PRESSURE ON YOUR VEINS. REMEMBER TO USE A TIMER.

Women in Art.



I can 't remember if I posted this before or not(I really need to make it easier to search for old posts) but I stumbled across it the other day and have liked it for a while now.

No More Gazas.

The worst case scenario would be, as Dujarric and Zelleke imply, the transformation of Iraq into a California-sized oil-rich Gaza.

The quickest and most reliable way to get from here to there would be for the United States military to step out of the way now and let the most ruthless factions violently take over the country without interference. Iraqis are most unlikely to vote themselves into a Gaza scenario. The insurgent groups, remember, are those that lost the elections and can only acquire power through force. Even if an unambiguous victory is impossible in the short or medium term for the United States and the elected government of Iraq, a victory of any kind for Al Qaeda in Iraq or Moqtada al Sadr’s radical Mahdi Army militia is likewise impossible while American forces remain on the ground and in the way.

The Ultimate Calvin and Hobbes Snowman Tribute.


More here.