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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: Seeker of Truth who wrote (60005)	1/16/2010 11:24:49 AM
From: dvdw©	Read Replies (1) of 218560

I'm no expert on the topic, that's for sure. And yet your posting history is ripe with peak oil myths. Whats going to happen when folks finally realize that oil was never a fossil fuel to begin with. However there is one certain aspect. The deeper we drill the more energy is expended both in the drilling and in the subsequent pumping out of the oil. You cant know this, there is nothing certain about what is happening in the material science / applied engineering business..now you may be right about the willingness of a culture to refuse advances to sustain monopoly pricing, but the variables are wide and thus, planning could be upended quite easily. At some point it doesn't pay to go deeper as the energy thus expended is greater than that of the removed oil. Nor do you know this. You must be right that Chevron wants government money so they do the fashionable thing. chevron is locked into the stream......for oligarchic largesse. They will take all they can, and always be in line for more. However they did begin before Obama was elected presumably on a much smaller scale. does not matter who is president......

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