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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (68053)	1/22/2016 9:01:00 AM
From: Brumar89	1 Recommendation Recommended By Thomas A Watson Read Replies (1) \| Respond to of 86355

Redefining "peak oil." Supposedly it wasn't about oil production peaking per se. Just the "cheap" oil peaking. But is that even true? A lot of the shale oil fields are lower cost (and getting lower as time passes and experience is gained) than offshore and tar sands oil.

To: Eric who wrote (68053)	1/23/2016 12:54:44 PM
From: Alastair McIntosh	1 Recommendation Recommended By Thomas A Watson Read Replies (1) \| Respond to of 86355

Nonsense Peak oil as explained many years ago at The Oil Drum was about "cheap to extract oil". Total B.S. If that were true the whole "peak oil" discussion would have been pointless. There is plenty of oil that can be extracted economically at $80/barrel. At that price (and more) the worlds economies can function perfectly well. If it were only about "cheap to extract oil" why all the forecasts about how oil would be $200 by now and the world's economies would be collapsing. People in suburban subdivisions were to see their homes become worthless as the houses would be too expensive to heat and their owners could not afford to drive to work. Energy cost as a fraction of GDP keeps falling You are way off base on this one.