Exxon Denies 'Peak Oil'

According to the gasoline giant, 'Contrary to the theory, oil production shows no signs of a peak.'

1 minute read

March 9, 2006, 7:00 AM PST

"The [peak oil] theory does not match reality...Oil is a finite resource, but because it is so incredibly large, a peak will not occur this year, next year or for decades to come."

"With abundant oil resources still available -- and industry, governments and consumers doing their share -- peak production is nowhere in sight."

FULL STORY: Peak oil? [PDF Advertisement, 100 KB]

Thursday, March 2, 2006 in Exxon Mobil

Energy World

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