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It really is economic viability.
"Its not ECONOMIC viablity though is it, its that it costs more energy to extract than you get out of it."

Yes, it really is. So long as the value of the oil is greater than the cost to extract it, we will continue doing so. We could stop extracting oil before the point where we need to put more energy resources into extraction than we would get out, because energy isn't the only resource that needs to be considered as an input. The use of steel, labor, technology, etc all have costs, and the market essentially solves a giant matrix equation for us. It is even possible that we would continue extracting oil after the energy value is less than what we consume to retrieve it. For example, to make medicine, plastics, or something else. It all depends on the pricing of everythign involved.
Posted by: enduser_z   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

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