Posted by caraher on June 9, 2008, at 21:45:34
In reply to Oil » caraher, posted by Sigismund on June 7, 2008, at 21:53:10
Friday I read the Fortune piece this blog critiques: http://moralequivalentofwar.wordpress.com/2008/06/06/fortune-why-the-oil-boom-will-end/
I didn't think much of the original analysis - it seems based on a stubborn insistence that if we want there to be more oil badly enough, it will exist. I don't think the opinions of economists have any capacity to change the amount and form of remaining oil. Certainly what extraction is economically feasible does depend on a lot of factors beyond straight petroleum geology, including how much of the landscape we are willing to scar in search of energy (from what I've seen about "mountaintop removal" coal mining, the answer seems to be: an almost unlimited amount).
poster:caraher
thread:830101
URL: http://www.dr-bob.org/babble/social/20080601/msgs/833877.html