Yes Hollywood Dan, it is amazing the number of times you get stories
that there is plenty of oil here or there.
If there was you would be knocked down in the rush by drilling rig trucks.
There is so much oil available that they would rather drill in 5000 ft
of water and 5000ft below the sea floor just for fun.
They think that they might go drilling in the Artic because the skiing is better there.

Or better still go drilling in tight shale so they can throw all that
spare cash they have down wells that won't last past lunch time.

I thank those who have commented, through whom I have learned more. Population growth rates have declined a great deal pretty well everywhere (see gap minder.org), but there'll still be a population increase to about 9 bn by mid-century, after which it should decline.

For those following this thread here is an article that says better
than I can pretty much what I have been saying for sometime.

http://www.forbes.com/sites/jamesgruber/2014/01/26/shale-oil-charlatans/

The "establishment" of economists are now just starting to realise the
difference between the money economy and the real economy.

This is the TinyUrl equivalent.

http://tinyurl.com/mq6my8n

That's a good article Bazz. It explains the basics of the whole business very well.

It's not peak oil we should worry about, but rather the extraordinary amount of disinformation the oil cartels are selling us.
Imagine if there were new fields that could rival or even eclipse the known reserves of the Middle East.
Suppose we who may well own this reserve, set aside rusted on ideological objections, and as pure pragmatists decided to explore and exploit it?
Well, given the industry expert prognostications are born out, it would render the Russian reserves uneconomic, as the depth of Russian reserves, makes them very expensive to recover! Ditto Gulf of mexico and Brazilian reserves. (Hence the resistance and virtual commercial terror?)
Ditto shale oil and Canadian tar sands! (Hence the deafening, headline grabbing, anti Australian, foreign based and inspired oil activism, merely masquerading as environmentalism)
Heavy crude/tar sands/shale oil produce much more carbon than Australian sweet light crude, which only requires a little insitu chill filtering, to produce a very superior diesel; meaning this product produces four times less carbon from well head to harvester. And our reserves exploited for sound environmental reason as given, could also earn the nation Annual trillions.
Only the mindless green element, (which makes up around 7% of the voting public,) would object to the necessary removal of the heritage listing, that currently handcuffs essential exploration.

One notes Shell oil wants to sell both it's refinery and retail outlets!
We should buy both as an off budget money earning investment, and a already ready made distribution system to place our own Australian sourced products!
Rhrosty.

I found this blog very interesting.