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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (1117)	8/5/2006 12:57:30 AM
From: Doug R	Read Replies (2) \| Respond to of 1183

"It was on the discovery Channel, drilling off Siberia in the Artic" So you say. However...you failed to answer a single question I asked. If it's in the Arctic (Can't you even spell "Arctic" correctly? ... sheesh) figure on 12 years minimum to first oil. There's currently no technology available for drilling in Arctic conditions. Also figure the cost of going to such extremes for oil will be very, very high. Have you considered what it means that the Arctic is being considered as a necessary place to go for oil?