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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (148472)3/29/2011 3:53:45 PM
From: Oblivious  Respond to of 206325
 
The technology for finding energy always advances. Reserves will increase.



To: Jacob Snyder who wrote (148472)3/29/2011 4:00:47 PM
From: Bearcatbob  Read Replies (3) | Respond to of 206325
 
"Saying "oil will be gone" is a statement without content, unless price is specified."

Amen Jacob. People who write stuff like that are seeking effect - not reality. Even resources today will be producing 50 years from now at some price. The production rate decline has some sort of decay curve that will approach an asymptote that by definition is never reached.

Bob



To: Jacob Snyder who wrote (148472)3/29/2011 6:02:55 PM
From: Big Dog5 Recommendations  Respond to of 206325
 
The last barrel of oil would be very expensive... Therefore, there will never BE a "last barrel".

big


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