RedQ
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Registered: 11-2017
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Re: New tech makes a Trillion barrells of oil available
$28 per barrel? Not bad, not bad at all!
quote: In February 2018, the International Energy Agency predicted that U.S. shale output could eventually meet all new global demand, thanks to its “extraordinary growth.”
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7/10/2018, 8:09 am
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luciddream00
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Registered: 04-2018
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Re: New tech makes a Trillion barrells of oil available
This is the reason we never hit peak oil and probably never will - As technology improves, the amount of oil that is profitable to collect increases. Higher oil prices mean more investment in alternative oil extraction, which exposes more potential sources.
--- Account closed permanently. I won't stand for abuse of authority by forum administration to censor criticism of a conservative radio host that celebrated the death of AIDS patients on his show. Maybe some day we'll speak again elsewhere.
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7/10/2018, 8:25 am
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greendocnowciv
Registered: 11-2017
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Re: New tech makes a Trillion barrells of oil available
Good point, lucid.
One of the most momentous things a tech like this could do would be to finally drive a stake in the "Peak Oil" idea.
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7/10/2018, 11:39 am
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spud100
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Registered: 12-2017
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Re: New tech makes a Trillion barrells of oil available
Have you hugged a petroleum engineer today?
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7/10/2018, 12:16 pm
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