Peak Oil? What Peak Oil?

Link here to Rigzone.com.

Scientists have found an oil field which contains 200 times more hydrocarbons than there is water on the whole of the Earth.

Time to wave peak oil goodbye forever … but before you do I should probably inform you of the tiny hiccup in any plan to develop this oil field.

It is around 1,300 light years away.

The scientists work at the Max Planck Institute in Germany, and using the 30m-telescope of the Institute for Radio Astronomy they discovered a vast cloud of hydrocarbons within the Horse Head Nebula galaxy in the Orion constellation.

In other news, Senator Charles Schumer, Representative Ed Markey, and Vice President Joe Biden will be the senior members on a new committee to regulate inter-stellar oil exploration. The committee will be headed by former Congresswoman Cynthia McKinney. Ms McKinney has already suggested the nebula be renamed the "Dinosaur Head Nebula" to raise awareness of the role dinosaurs have played in oil formation. BP Engineering will be the energy consultant. [No link; this is probably just a rumor. I wouldn't think Joe Biden could find time to be on this committee.]