Also know that the world will never run out of oil, it will run out of
economically obtainable oil, and I don't mean expensive. If it takes
more oil to find, transport, and process, than is recovered, the field is
abandoned.

And this holds true even if you substitute other energy
forms for petro-fuels... if it takes more energy to pump &
refine & distribute the oil than the oil itself represents,
then it's a losing proposition. This has been the claim made
against agri-fuels, but I don't know enough myself about the
numbers on that. Considering the cost and availability of
bio-diesel (which we plan to switch to as soon as we can get
it), it seems likely that the naysayers didn't get the math
right on this.


"Shortwave Sportfishing" wrote
I've seen stuff all over the place in terms of opinions about this.

Supposedly there is enough oil off the coast of New Jersey to supply
the world for...there is enough il off the est and west coast of
Florida - yada, yada, yada...

Then you have fields discovered like the recent one off the Mexican
coast which, as I understand it, is huge - like Middle East huge.

I also read something about older fields regenerating which surprised
almost everybody.


And as you say, it's a lot of blah-blah and yada-yada...
mostly driven by wishful thinking. My answer to Bert still
stands: what do you think the oil companies have been doing
for the past 85 years? Standing around twiddling their
thumbs, or looking for & evaluating new oil fields?


At this point, I don't think anybody truly knows what is or isn't true
about oil.


And so, of course you have every excuse to proclaim that we
have pleny of oil forever & ever.

Funny thing though, if any serious scientist had the
evidence to revise King Hubbert's figures, he'd be a big
deal in the oil world. Nobody has. What do you think that means?


Doug Kanter wrote:
The hell with the supply. There's a better reason not to burn more of it
than is necessary: Air quality. And, I'm not talking about global warming -
just air quality. Of course, the neanderthal response is "Ug ug - issue no
exist", even though it does.


Hey, they're right. There's still plenty of air left to
pollute. Just because lung cancer & emphysema among
non-smokers is at record highs, that doesn't mean a thing!

Remember, people on the Titanic kept insisting that the ship
was unsinkable, right up until the cold ocean water rose up
past their nostrils. Question is, do you want your
leadership to make strategic decisions which profoundly
affect the future of our country based on ignorant wishful
thinking, or on the best facts available?

DSK