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  #11  
Old 01-13-2010, 11:01 PM
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A good analysis of the Bakken Shale.

http://www.theoildrum.com/node/5928#more
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  #12  
Old 01-13-2010, 11:22 PM
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Quote:
Originally Posted by Mendocino View Post
Peak Oil; LOL! This means nothing unless you correlate production with extraction and processing innovation. The higher the price of oil the more R&D into extraction and processing as well as alternative energy sources. Most of the PO prognistication that I have seen is pretty pedestrian and does not address innovation. Think Paul Ehrlich and the Population Bomb as an analog for peak agricultural production correlated to population.
Spooky, Jeff. You sound like the geologists I used to work with at Big Oil in CA. They said the peak numbers of domestic fields have always been misreported to create a panic environment among US consumers so that pump prices and profit margains will continue to rise, so that domestic E&P can continue despite the greenie's complaints.
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  #13  
Old 01-14-2010, 12:07 PM
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The truth is probably somewhere in the middle... Where it is usually found, IMHO.
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