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Politics : Rat's Nest - Chronicles of Collapse
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To: Wharf Rat who wrote (2296)10/1/2005 10:26:10 AM
From: Wharf Rat  Read Replies (1) of 24225
 
Energy Bulletin cites SI as source...What's up with that? Are they spying on da Rat, too?...

Shell Nederland president sees five-fold rise in oil production costs
AFX News, Silicon Investor
Message 21732172
Shell Nederland president Rein Willems said that oil production costs may rise five-fold in the near future.

He said that for Shell, the higher costs will mainly be the result of more difficult resource-gathering and refining methods as the company moves to retrieve oil from sources other than the conventional oil wells.

In an interview with Dutch engineering magazine 'De Ingenieur', Willems said that the higher production costs will likely lead to a stronger focus on alternative sources of energy as opposed to raw fossile fuels such as oil.

But he reiterated that Royal Dutch Shell itself is not investigating alternative energy sources because oil reserves are supposedly running out.

Stating that 'there is enough oil to last a hundred years', Willems added that Shell is more worried about the effect of greenhouse gas emissions.
(22 September 2005)
It seems a bit of an obvious contradiction that even as the company comes up against the end of cheap oil they can simultaneously make claims about an almost endless supply of oil, claims far in excess of even any overly 'optimistic' official projections. -AF
energybulletin.net
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