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To: Chip McVickar who wrote (2134)	7/25/2001 11:36:56 AM
From: Moominoid	Read Replies (1) \| Respond to of 12411

only removes about a 3rd of the available oil from any one well. The easy flow stuff...! But new extraction technology is evolving quickly. Yup, enhanced recovery and oen plan of what to do with all our CO2 is to pump it into oil fields and push the oil and gas out. and if seriously measured the old wells of Standard Oil will be seen to be increasing. That is different. Yes oil does migrate until it finds an impervious layer and so that makes sense and new oil is forming all the time, but that doesn't really help Gold's theories. and thus sustain their own future From what I understand OPEC tries to maintain the price to maximize long-term profits. They don't want it too high as that encourages exploration, conservation,a nd substitution. Seems upper $20s is the target currently. I hope you get your post at Princeton on the economic analysis of carbon sequestration It's a bit like entering the lottery I think :) You scientists are driven to publish<chuckle> and hopefully Nature will pick up on some of your research. I was saying that Gold getting published doesn't mean much if they published me <g>: R. K. Kaufmann and D. I. Stern (1997) Evidence for human influence on climate from hemispheric temperature relations, Nature 388, 39-44.