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spud100 Profile
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Registered: 12-2017
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New tech makes a Trillion barrells of oil available


https://www.nextbigfuture.com/2018/07/breaking-new-tech-just-unlocked-a-trillion-barrels-of-oil.html

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7/10/2018, 12:36 am Link to this post PM spud100 Blog
 
RedQ Profile
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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.”

7/10/2018, 8:09 am Link to this post PM RedQ Blog
 
luciddream00 Profile
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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.

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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.
7/10/2018, 8:25 am Link to this post PM luciddream00 Blog
 
greendocnowciv Profile
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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.
7/10/2018, 11:39 am Link to this post PM greendocnowciv Blog
 
spud100 Profile
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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?
7/10/2018, 12:16 pm Link to this post PM spud100 Blog
 


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