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Originally Posted by filtherton
Baraka, peak oil isn't necessarily about running out of oil, it's about running out of cheaply procured oil. If i'm not mistaken, the oil in canada and russia is relatively energy and labor intensive compared to the fields we are currently using.
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Yes, this is why I quoted the part about the economic viability of extracting from the oil sands. We've known the oil was there for a long time now, but the boom is just beginning. Oil companies are beginning to move into Alberta for this reason.
As far as Russia's claim is concerned, it is yet to be determined how viable the extraction of this new potential find will be, if, of course, the oil is actually there.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Last edited by Baraka_Guru; 07-21-2007 at 07:41 AM..
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