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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST
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To: carranza2 who wrote (27106)12/31/2007 9:52:05 AM
From: SG  Read Replies (1) of 219951
 
I have no argument with Peak Oil or that my neighbor to the north is not stable. I do wonder, though, how a process that requires, say 1.5 bbls of oil to extract 1 bbl of oil is going to fly.

Now, if they get that EROI (which I just picked, but I know it is not currently a sensible process) down to .75, say, that would be a possibility.

Unfortunately, from what I read, tapping oil sands is akin to strip mining and is an environmental nightmare.

SG
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