But Gas is so Cheap!

(via Syd O) The EIA just put out a report that doesn't sound good. If we're going to go out and find those big oil fields, we better find 4 of them as big as Saudi Arabia! Otherwise we can just wait the several thousand/million years until the earth can grind carbon matter into more oil.

Fresh sources of oil equivalent to the output of four Saudi Arabias will have to be found simply to maintain present levels of supply by 2030, one of the world's leading energy experts has said.