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Behind the oil boom lurks oil well depletion

2013-03-18 12:51:00| Climate Ark Climate Change & Global Warming Newsfeed

Christian Science Monitor: With the media awash in stories telling us how much oil is being discovered around the world, there is one word which the optimists quoted in these stories refuse to utter: Depletion. The simple fact is that depletion never sleeps. It starts as soon as an oil well begins production and goes on 24 hours a day, 365 days a year. Furthermore, it is not exactly news that oil is being discovered all around the world. The industry has been spending record amounts to find it. Whats critical is the...

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