Quote:
Originally Posted by dippin
One thing that is rarely discussed, but that is important to keep in mind, is that the definition of "recoverable" has changed. Heavy oil that people would pay no mind to before because it would be so expensive to refine are now being considered for exploration and included in the reserves.
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Yeah, that's the one thing that gets ignored in the midst of the Peak Oil discussion. As oil gets more and more scarce, we'll get better and better at wringing the last drops from our poor planet. Every major technological breakthrough in extracting oil will bump the crisis out by maybe a generation or so.