Not all oil in the ground is justified economically to withdraw from the earth. In other word, the cost it takes to get the oil is too great to extract it. So, peak oil is for real and we are on the downside of oil for the world. The Amish figured this out years ago.
75% of the oil shale in the world is in the USA,between that awesome figure and the increasing production of the Tar Sands in Alberta...The future of major new oil production is in North America...
Not all oil in the ground is justified economically to withdraw from the earth. In other word, the cost it takes to get the oil is too great to extract it. So, peak oil is for real and we are on the downside of oil for the world. The Amish figured this out years ago.
JayGatsbyOdysseus 3 weeks ago
Lol, that "your speed" sign is still there. I'm working on a rig literally a quarter a mile south of Killdeer, and I just passed it yesterday.
mttviper 1 month ago
75% of the oil shale in the world is in the USA,between that awesome figure and the increasing production of the Tar Sands in Alberta...The future of major new oil production is in North America...
TheChristianRight09 3 months ago