Extreme Oil: Scraping The Bottom Of Earth's Barrel

The bitumen in tar sands gives the earth a thick, mushy feel. This non-conventional oil is difficult and expensive to extract (Image: Lara Solt/Dallas Morning News/Corbis)

From New Scientist:

EIGHTY-FIVE million barrels. That's how much oil we consume every day. It's a staggering amount - enough to fill over 5400 Olympic swimming pools - and demand is expected to keep on rising, despite the impending supply crunch.

The International Energy Agency forecasts that by 2030 it will rise to about 105 million barrels per day with a commensurate increase in production (see graph), although whistle-blowers recently told The Guardian newspaper in London that insiders at the IEA believe the agency vastly over-estimates our chances of plugging that gap. The agency officially denies this.

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