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I'm glad the myth of the United States as "net energy exporter" is finally being taken out back and shot.
by beedogs 12y ago
I'm glad the myth of the United States as "net energy exporter" is finally being taken out back and shot.
- kbutler 12y agoAllow me to disagree in both assertion and sentiment - "not recoverable with today's technology" doesn't mean much with the rate of progress of oil extraction technology. And rather than 2/3 of the US Shale oil reserves, the 13b barrels is less than a quarter of the current estimate (58b - http://www.eia.gov/todayinenergy/detail.cfm?id=11611 http://www.eia.gov/todayinenergy/detail.cfm?id=11611), which still leaves 50% growth in reserves over the 2012 figures. And given the trouble throughout the world caused by US energy imports, I'd be happy to try exporting for a while.
- wazoox 12y agoSomething called EROEI will stand between the best technology and this oil, I'm afraid.