Replies

To: Lorianne

The cheap to get out oil is already being tapped.

The article states otherwise.

33 posted on 03/15/2012 5:08:43 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)

To: MrB

No, the article isn't stating otherwise. From the article:

To be sure, energy companies couldn't profitably recover all this oil — even at today's prices.

That means we have reached peak CHEAP oil.

There might be plenty of oil.

But it will not be cheap.

Cheap oil is over.

36 posted on 03/15/2012 7:39:14 AM PDT by Lorianne (fedgov, taxporkmoney)

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794