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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: I_C_Deadpeople who wrote (10106)8/2/2004 12:43:29 PM
From: Perspective  Respond to of 116555
 
<Bingo..well said. There is still virtually complete ignorance on the concept of depletion. Everyone still believes there is lots of oil left (and there is), but can it be extracted and at what cost? >

To be precise, at what energy cost.

The "price" doesn't matter if it takes more energy to get it out of the ground than it yields upon removal. Energy returned divided by energy expended must be >1.0 or you are SOL.

BC


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