Outlook for oil in new century

I enjoyed the article by Luis E. Giusti with the Center for Strategic & International Studies in OGJ, Jan. 1, 2001, p. 18. It was a scholarly and well thought out prediction for the "Outlook for oil in the new century." However, I disagree with the general tenor that except for Iraq, everything is rosy and "availability of oil and gas is secured well into the 22nd Century."In October of last year, British Broad-casting Corp. (BBC) sent a team over to the Permian Basin of West Texas to film our oil industry, and the film was included as part of a 30 min documentary on the oil industry. This documentary showed several experts testifying that world oil production should peak in the next 10 t...

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