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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.29+0.9%4:00 PM EST
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To: Seeker of Truth who wrote (59997)1/16/2010 7:09:29 AM
From: dvdw©  Read Replies (1) of 218542
 
You state; "The claim? There are new methods of getting oil out, such as transverse drilling."

Why not add drilling deep? You do realize that the foundations for the claims of peak oil, were enculturated around the simple fact that all wells ever drilled in the world were sunk only within some range of depth, and said ranges became constraints, been reading peak oil pieces for years and never found a single piece that properly accounted for the limitations about the boundary....nor were the progressively produced discussions, updated as improvements in SW and sensors indicated that they should be reconsidered.

Next you express; "Well, the US government is spending billions to support renewable energy and Chevron where I used to work and which I deeply respect is spending lots on renewable energy, are they all fools? "

If US Gov is spending, Chevron wants to capture some % of those expenditures.....bring some of the largesse in house....that is the way of the present. In order for chevron to make a claim on Gov expenditure, it must act like its in the game, and rightfully in the line for receivership.

Chevron may secretly also have that envy thing going....some renewables less capital goods outlays, while being subject to operational variables, have zero cost of goods sold......there is utility in there somewhere.

MY oh MY thats a powerful motivator.

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