SBSP-logic is based on a no-growth-for-oil fallacy (was Sticking you

> > > > http://www.juliansimon.com/writings/Ultimate_Resource
> > > you could realise what nonsense that source it.
> The author takes the position that any statements about
> when oil will run out would have to be based on a
> through survey of existing supplies, and takes comfort
> behind the knowledge that as of the time of writing,
> this hadn't happened yet. Now it has.

No, it has not. Besides the fact that little of the earth's crust has
yet been explored, there exists a variety of definitions of petroleum
resources. All of these resources have been continuously growing --
with the exception of the unqualified supply, of which no one yet
knows the true size. My guess is that it is around 1 quadrillion
barrels (on the order of 1,000 times the estimate for current
economically recoverable), but it could in fact be far larger than
that.

More on petroleum-resource definitions is here:
http://www.spe.org/spe-
site/spe/spe/industry/reserves/Petroleum_Resources_Management_System_2
007.pdf
http://tinyurl.com/5bomz8

UNRECOVERABLE is that portion of Discovered or
Undiscovered Petroleum Initially-in-Place quantities
which is estimated, as of a given date, not to be
recoverable by future development projects. A
portion of these quantities may become recoverable
in the future as commercial circumstances change or
technological developments occur

The reasons the oil resources continuously grow are that:

1. undiscovereds continuously become discovered, and
2. unrecoverables continuously become recoverable.

Oil is mainly valued for its packaging, anyway, rather than for its
energy. Therefore, it is inherently renewable and recyclable via
input from other energy sources such as nuclear. "Unrecoverable" oil
that takes energy worth 10 barrels of oil to recover 1 barrel, might
still be economic to recover via nuclear energy.