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To: Graybeard58; RightWhale

This cannot be possible because RightWhale assures us all that “peak oil” has been reached.


15 posted on 12/01/2007 8:18:47 PM PST by ikka
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To: ikka; RightWhale

Peak oil is measured by several factors. Not just total ‘possible’ oil in the ground.

The amount being pumped, refined, sold, and the cost/profit ratio vs. the demand.

Peak oil is a situation where the amount going into production hits a limit due to those factors. You can have plenty of oil still underground, but if it is not profitable to get to it, it stays there.

Brazil has far, far to go before their newly found ‘unproven’ oil reserve enters into the factors for peak oil claims.

As the article states, it’s gonna take a lot of money, a lot of time, a lot of ‘miracles’ to get to it. Don’t count Brazilian chickens before they hatch.


19 posted on 12/01/2007 8:42:47 PM PST by UCANSEE2 (- Attention all planets of the solar Federation--Secret plan codeword: Banana)
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To: ikka

That’s right. This is peak oil. This is what peak oil is like.


34 posted on 12/02/2007 10:02:51 AM PST by RightWhale (anti-razors are pro-life)
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