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Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?

To: HPilot who wrote (21420)	5/2/2008 10:59:32 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 36917

I laughed so hard I spit on my monitor. There are people who think the planet is hollow and filled with oil. It ain't. We peaked 3 years ago.

To: HPilot who wrote (21420)	5/2/2008 1:19:39 PM
From: Triffin	Read Replies (1) \| Respond to of 36917

Hugh .. There are huge known reserves that are too deep and/or expensive to extract right now. There may be more of this than previously expected. As the price of oil goes up this will be drilled or mined. Absolutely correct except .. 1) It will cost much more per barrel to extract 2) The 'rate' of extraction will be less than that of a conventional well 3) The EROEI per barrel will be less 4) 'New' production won't be able to offset depletion rates from existing fields The simple fact that the oil industry is willing to process oil/tar sands to keep your/our SUVs going should tell you something about how much 'easy' oil is left .. You're standing in front of an apple tree and you're hungry .. There are several apples on the ground and many more at various locations on the tree .. All are 'edible' .. Which ones are you gonna eat first ?? Triff ..