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Oil Without End?
Fortune ^
| 2/4/03
| Julie Creswell
Posted on 02/15/2003 9:47:02 PM PST by CalConservative
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To: CalConservative
Bump for later
21
posted on
02/16/2003 7:22:45 AM PST
by
HoustonCurmudgeon
(Compassionate Conservative Curmudgeon)
To: CalConservative
That's bad news for OPEC It is not bad news. The reason it is not bad news is that the "lifting" cost of oil varies consideralbly. Nations who are members of the Organization of Petroleum Exporting Countries can offer oil at a lower lifting cost than virtually any other place on earth.
The other oil reserves will be practical when the cost become competitive or the supply of lower cost crude is threated.
To: *Energy_List
23
posted on
02/16/2003 8:11:48 AM PST
by
Free the USA
(Stooge for the Rich)
To: CalConservative
bump
24
posted on
02/16/2003 9:07:37 PM PST
by
GOPJ
To: KeyWest
Having been in the oil and gas business in the past, the question no one could really answer is how we manage to generate and keep all this methane around for millions upon millions of years. It's never made sense to me and this would go farther to explain it geologically - especially when you look at some of the relatively young geologic ages of the oil producing formations in California. I know this concept has bounced around for a while, but the more I look at it, the more sense it makes.
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