3 ms·
Allow 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 t
by kbutler 12y ago
Allow 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.