The 400 billion claim is just that, a claim. It is unsubstantiated. AO&G is putting in a claim like lots of other people. Even if there were 400 billion barrels that would be less than 15 years supply at current usage rates. And it would take more than a decade to get it flowing. And who knows what the flow rates would be. Flow rate is the key issue in peak oil. The world currently needs about 85 million barrels each and every day to keep the economy humming.
Peak oil doesn't mean running out of oil, it means the flow rates become so decreased that it is no longer viable for our daily transport needs, which is where about 70% of the oil is used for.
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Albert Einstein
A wise man knows how to avoid problems that a clever man knows how to solve.
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