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Where is it then?
"First, the same prediction that we were going to run out of oil shortly has been made since at least the early 1970s. "

The predicted peak for USA was 1973, it was actually 1970. The predicted peak or World was 2000, we're at 2005 and Opec is pumping at its limit now, so 5 years out seems pretty damn close to me given these estimates were done in the 70s!
UK now imports more oil than it exports, thats on schedule.

"oil reserves more expensive to recover than they are worth"
Its not ECONOMIC viablity though is it, its that it costs more energy to extract than you get out of it.

More to the point, where is all this undiscovered oil? I mean its cute to pretend that they'll find more oil, and that will delay the inevitable, but they keep looking and don't find it.
Posted by: Nigel Johnstone   Posted on: 08/19/05 You are currently: a Guest | Members login | Terms of Use
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Call 1-800-WAAAAHHH.  Jack-Booted EULA | 08/19/05
Whatever....  jtnixon | 08/19/05
Better to pay $200/barrel now than..  Nigel Johnstone | 08/19/05
Two problems with that prediction.  enduser_z | 08/19/05
Where is it then?  Nigel Johnstone | 08/19/05
Not trying to be cute.  enduser_z | 08/19/05
Show me the oil, not the rhetoric  Nigel Johnstone | 08/19/05
Wind Power is already at .3-.4c a kilowatt to produce  Paco20 | 08/19/05
Environmentalists can be a pain, can't they!  enduser_z | 08/19/05
25% of America's land mass can support wind farms as cheap as hydro.  osreinstall | 08/19/05
It really is economic viability.  enduser_z | 08/19/05
Thats why I think Iran needs nuclear  Nigel Johnstone | 08/19/05
Then why are they pumping at max capacity?  enduser_z | 08/19/05
So you dispute Opec is pumping at max?  Nigel Johnstone | 08/19/05
Opec is pumping at max  Jack-Booted EULA | 08/19/05
I didn't argue that they aren't at capacity.  enduser_z | 08/19/05
I don't see your point  Nigel Johnstone | 08/19/05
Huh?  enduser_z | 08/19/05
Either way, where's the oil?  Nigel Johnstone | 08/19/05
Because you don't know if $300 oil will ever arrive  voska | 08/22/05
Interesting reading  Wolfie52 | 08/29/05
Anything  Jack-Booted EULA | 08/19/05
NewEgg rocks  csa0307 | 08/19/05
RE: Rising gas prices fuel e-tailer anxieties  Linux User 147560 | 08/19/05
Working from home  enduser_z | 08/19/05
RE: Working from home  Linux User 147560 | 08/19/05
Where I really disagree.  enduser_z | 08/19/05
RE: Where I really disagree.  Linux User 147560 | 08/19/05
Ummm, it also costs more to drive to the brick and mortar store.  No_Ax_to_Grind | 08/19/05
And to ship the goods there as well (NT)  enduser_z | 08/19/05
There's a difference.  PMDubuc | 08/19/05
I don't see it  enduser_z | 08/19/05
Look at it this way.  Yen_z | 08/19/05
But you forgot the consumer  voska | 08/22/05
RE: Ummm, it also costs more to drive to the brick and mortar store.  Linux User 147560 | 08/19/05
Forgot one.  Jack-Booted EULA | 08/19/05
Must be nice  Real World | 08/19/05
RE:Must be nice  Linux User 147560 | 08/19/05
RE: Forgot one.  Linux User 147560 | 08/19/05
I welcome higher & higher gas prices  Paco20 | 08/19/05
Force the community by taxes/high prices  BitTwiddler | 08/22/05
It takes a crisis ...  George Mitchell | 08/19/05
Bush Doesn't Care About Your High Gas Prices  itanalyst | 08/19/05
No politician does.  HypnoToad | 08/20/05
Irony  Dave F_z | 08/19/05
Why should big business be immune?  HypnoToad | 08/20/05
The Max Pumping is to appease their own people..  evfain@... | 09/08/05

What do you think?

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