Posted by David Sherman on Wednesday, March 15, 2006 at 3:57PM :
In Reply to: Re: Running out of oil, not! posted by MoparNorm on Wednesday, March 15, 2006 at 3:41PM :
One thing about the high oil prices is a lot of "unfeasible" alternatives are looking more feasible these days. I just read an old oil man quoted regarding the Alberta tar sands as saying that back in his day they knew there was lots of oil there, but it'd take $5/barrel oil prices to make it feasible to recover it, which was something he thought would never happen. Now we're at 10X that and the biggest oil boom in the world right now is in the tar sands.