Politics of Energy Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics of Energy

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brumar89 who wrote (6013)	3/12/2009 2:19:49 PM
From: Road Walker	Read Replies (2) of 86355

While that (cost reduction) is the likely trend of technological innovation (even in oil and coal), the extent and duration of such trends is unknown. Accordingly its mistaken to simply assume that technology will necessarily make economical tomorrow what isn't today. It's a damn good assumption in an immature industry. On the other hand exploration for oil has harvested all the "low hanging fruit". The other new supply to replace dwindling reserves will be harder to reach, and therefore more expensive regardless of tech improvements. You have one tech getting more expensive and one getting cheaper.... doesn't take much to figure out what's going to happen.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next