Watch this one slip under the radar of mainstream media. Fingers in your ears, people, all together now: “I’m not listening, la la la la la”.

Without any press conferences, grand announcements, or hyperbolic advertising campaigns, the Exxon Mobil Corporation, one of the world’s largest publicly owned petroleum companies, has quietly joined the ranks of those who are predicting an impending plateau in non-OPEC oil production. Their report, The Outlook for Energy: A 2030 View, forecasts a peak in just five years.

ExxonMobil; Peak Oil; 5 years. Pinch yourself. This is reality.

On tar sands, shale, etc:

Also noteworthy is the manner in which the Outlook addresses so-called frontier resources, such as extra-heavy oil, “oil sands,” and “oil shale.” The report cites the existence of more than 4 trillion barrels of extra heavy oil and “oil sands”–producing potentially 800 billion barrels of oil, assuming a 20-25 percent extraction efficiency. ExxonMobil’s world oil production forecast shows no contribution from “oil shale” even by 2030. Only about 4 million barrels of oil per day from Canadian “oil sands” are projected by 2030, accounting for a mere 3.3 percent of the predicted total world demand of 120 million barrels per day.

Link

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