PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Doug R who wrote (326)	4/14/2005 5:36:20 PM
From: Umunhum	Read Replies (2) of 1183

<The EROEI for tar sands and oil shale, probably the most promising stopgaps, is 1.5 and 1.35 whereas light sweet crude is around 30 so that's a twenty-fold price increase.> This is an erroneous statement. Just because the EROEI is 20 times less efficient does not mean that the energy derived from shale is 20 times more expensive. This board has taken a very dim view of the future lately. According to Ken Deffeyes coal can be turned into gasoline for about $1.75 per gallon and we have centuries of supply left at current usage and probably decades of supply left at stepped up usage. The world or industrialization is not going to end with peak oil. This board is starting to sound a lot like the Richard Heinburg interviews I've listened to.

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