Could the world's largest oil company go bust?

By refusing to adopt the Peak Oil view oil giant Exxon Mobil could end up broke in twenty years time, says Justice Litle. Where did it all go wrong?

'In 1930, we found 10 billion new barrels of oil in the world, and we used 1.5 billion. We reached a peak in 1964, when we found 48 billion barrels and used approximately 12 billion. In 1988, we found 23 billion barrels and used 23 billion barrels. That was the crossover when we started finding less than we were using. In 2005, we found about 5-6 billion, and we used 30 billion. These numbers are just overwhelming.'

- Charley Maxwell

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