Swenson’s Law: To avoid deprivation resulting from the exhaustion of non-renewable resources, humanity must employ conservation and renewable resource substitutes sufficient to match depletion.
Any future scenario involving the continuing indulgence or coddling of fossil fuel interests is delusional. M. King Hubbert ‘Nuclear Energy and the Fossil Fuels” 
Suggesting that a reduction of the addiction to oil is cost-effective is cute. What is the difficulty with recognizing that nature no longer gives us a choice in the matter? [Editor]
Set America Free: A Blueprint for U.S. Energy Security, from the Institute for the Analysis of Global Security (IAGS) [2004 September 27]
As long as SEC regulations inhibit IOCs from reporting 2P reserves, and as long as OPEC quotas prevent members from accurately reporting reserves, reserves data will be flawed. Proved reserves are financial (SEC) or political (OPEC) data and should not be aggregated or used in forecasts about the future. Only proven plus probable estimates should be used and only annual production of mature fields is required for a good estimate of reserves, irrespective of all published estimates. Every country should release complete historical field annual production and most disagreements on reserves will disappear for those ready to plot the decline and to extrapolate it. Unfortunately it does not work well when field production is constrained by OPEC quotas or investment. But now quotas are less and less followed and investments are plenty from IOCs for countries which do not deny signed agreements as Venezuela, Bolivia and Russia.” Jean Laherrère [Petroleum Africa, 2007]
I admit it. I am using footnotes in my book review. How geeky is that? However, this book deserves the footnotes, and so much more. Because once read, even though it is a fiction book, I cannot see anyone on this planet not wanting to learn more about oil reserves, and the quickly diminishing worldwide oil supply. As I told a friend back when the financial crisis was in full swing, “weasels are running the chicken ranch and all us hens are pecking around ignoring the huge chunks of sky that are raining down around us.” In this instance money, greed and power are the same principles (if principles is really the word to be used here – the people involved have no principles.) And the outcome on the horizon is horrifying.
This book is a thriller, and a very well written one at that. Set in present time, and taking into account what must have been an amazing amount of research on the author’s part, Life’s Blood is also a horror tale – an unimaginable tale of where we are going from here in regards to world finance and the swiftly approaching time when oil reserves are a thing of the past – when the world will have to grow up, open their eyes, and realize that through our own greed and thoughtlessness, our own purposeful ignorance, and the greed of a few powerful men, we are looking at a crisis of global proportions with no answer in sight.
Set through the eyes of two CIA R&D agents, the story delves into the misreporting of oil reserves by a small group of controlling parties intent on stockpiling billions of dollars of personal wealth – then getting while the getting is good, before the world economy collapses like a tissue paper balloon as oil supplies run out. And when the supply runs out? The Ponzi scheme run by Bernie Madoff, the largest financial fraud in U.S. history and the lynchpin for the market collapse that destroyed so many lives and fortunes around the world will seem as a time of growth and prosperity.
It is always hard to write a review about a book that hits me so hard on a visceral level. I want to talk on and on about why it engrossed me so, what parts I loved, what parts terrified me the most. I am always afraid I will get caught up in the review; I will give it all away. This is definitely one of those books. The characters are highly believable, as is the action in the book. The characters are far from perfect, which makes it highly believable. Toward the end I wanted to throttle one of the “good guy” characters myself, as he was acting pretty much like an idiot. But even that was interesting, and led depth to the character.
I can’t recommend this book highly enough. Gumpertz has written a book of depth and knowledge in a fictional manner which grasps the reader, pulls you in, and offers a view of a world on the teetering edge of calamity, in a sci-fi style that kept me awake through the night and into the afternoon as I focused up his work to the exclusion of all else. Buy it. Read it. Pay attention to it. It will change your world.
 What’s Wrong with Reserves? by Jean Laherrere 14 March 2007