Peak Oil

NickB79

(19,721 posts)

18. And at current rates of production, it will only take a century or so to extract all of it.

Reply to ConsistentLiberal (Original post)

Sun Dec 25, 2011, 06:17 PM

Dec 2011

Which won't do jack-all to change the rate of oil depletion globally.

And I'd really question your use of the term "easily accessible" to describe N. Dakota oil. Shale oil production is intensive, and if the price of oil drops much below $50-$60/barrel, you lose your profit margin and the fields become uneconomical to develop.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

22 replies

= new reply since forum marked as read

Highlight:

200 billion barrels in North Dakota [View all] ConsistentLiberal Dec 2011 OP

Oh really? 4dsc Dec 2011 #1

I think that is a myth Hutzpa Dec 2011 #2

What's a myth? 4dsc Dec 2011 #3

Your assessment of peak oil IS a myth Hutzpa Dec 2011 #4

Try reading for comprehension 4dsc Dec 2011 #5

You seem to be stuck with 500 million barrels Hutzpa Dec 2011 #6

You're missing some simple facts. FBaggins Dec 2011 #7

Yes he's missing the facts and its funny 4dsc Dec 2011 #8

I wasn't going to post here today Hutzpa Dec 2011 #9

I'm not claiming anything Hutzpa Dec 2011 #10

Of course you are. FBaggins Dec 2011 #11

Did you read the article? Hutzpa Dec 2011 #12

There's nothing in that statement that's wrong... FBaggins Dec 2011 #13

I see you are disagreeing with Hutzpa Dec 2011 #14

Of course. FBaggins Dec 2011 #16

Now we're off of the per day Hutzpa Dec 2011 #17

And your argument is still wrong 4dsc Dec 2011 #19

Details, details... A-Schwarzenegger Dec 2011 #15

re: I thin it's a myth ConsistentLiberal Jan 2012 #20

Minor correction - it's (m)illion, not (b)illion. Aside than that, GliderGuider Jan 2012 #21

oil is technology 4dsc Jan 2012 #22

And at current rates of production, it will only take a century or so to extract all of it. NickB79 Dec 2011 #18