Stories tagged with "NPC"

Facing the Hard Truths about Energy - the NPC report, commented

Last week, the National Petroleum Council, i.e. the organisation representing the oil&gas industry, released the report it had prepared over the past 18 months at the request of the Bush administration.

I wrote about it in my last Countdown diary which was based on press articles leaked prior to the publication of the report, and noted that this report appeared to break new ground in the acknowledgement of some hard truths about the sector.

Having now read the Executive Summary (warning, 5MB pdf), I'd like to provide more extensive commentary of what the report actually says.

The NPC Report...

http://www.reuters.com/article/environmentNews/idUSN1338954720070713?sp=...

"Peak oil" advocates blast U.S. industry study, by Chris Baltimore

WASHINGTON (Reuters) - Proponents of "peak oil" -- the theory that global crude oil production has hit its zenith and is headed for a steep decline -- are steamed with a U.S. oil industry group's findings that the world has plenty of oil.