[Titus-Maximus]

The town of Coober Pedy is so hot and dry that people actually live underground!

Potentially high lift costs and tough to frac without water but rather deal with Australia than Mideast terrorist states, if I can help it! Nice not to be held hostage anymore.

[Kozak]

We are SWIMMING in Hydrocarbons. Clearly enough for several more centuries of use. Now if only the elites will let us.....

[katana]

Yes, living in old Opal mines. Sort of like real life Hobbit holes.

[thackney]

They are comparing oil in place with proved reserves.

In some locations, that is a difference of a couple orders of magnitude.

Technically (not economically) recoverable may only be 5~10% of that without retorting.

[Thud]

This depends very much on local geology and water availability. California's Monterey Shale formation is so badly fractured, in multiple ways, due our many earthquake faults that it is not economically feasible to extract. Wholly new "fracking" methods must developed. Basically no one has yet found the "key" to extracting the Monterey Shale. Water availability will be an issue in some parts of it too.

Australia has much less water and I haven't heard anything about the "key" to fracking there having been found.

[IronJack]

Isn’t it great watching the bedouins slowly lose their stranglehold? I’ll feel better when I see the Saudis moving back into the desert on camelback.

[jrestrepo]

The article must be wrong because the libs say we are already at peak oil.