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Peak Oil

earthside

(6,960 posts)

3. Use your eyes and ears.

Reply to DJ13 (Reply #2)

Thu May 3, 2012, 11:39 AM

May 2012

All we hear about and see on TV and the internet is about fracking for tight oil production; and deep, deep water drilling.

It is not so complicated. The kind of 'new' oil that is being pumped is much more expensive to get.

The days of sticking a straw in the ground are long gone.

Speculators certainly play their little part in the price of oil and gasoline, as do greedy oil and natural gas corporations, but the era of cheap oil is over.

And we are way, way behind in creating a civilization that even remotely keeps our standard living like it is now.

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Marginal oil production costs are heading towards $100/barrel [View all] Javaman May 2012 OP

I bet a lot of people don't understand the significance of this. They prefer to believe in bogeyman dkf May 2012 #1

or DJ13 May 2012 #2

Use your eyes and ears. earthside May 2012 #3

Fracking is driving down costs too. When the relationship between drilling and prices is made dkf May 2012 #5

How many times do you willingly accept the lies by the financial industry DJ13 May 2012 #6

I rest my case. dkf May 2012 #4