|
|
|
|
|
|
by mseebach
6140 days ago
|
|
|
That is correct. The problem is that all the oil isn't lying around in great big underground lakes where it's just a question of sticking a pipe in and start pumping. There are different degrees of difficulty in getting to it. We're well beyond peak $10/barrel oil, we're probably moving up on peak $40/b oil, but we're no where near peak $100/b and we're not even thinking about $200/b oil. As patio11 said, the more expensive oil gets, the more expensive alternatives become viable. |
|
|