Tuesday, February 07, 2006

Why OPEC won't turn off the oil

They won't turn off the oil, but it will certainly be expensive.
MSN Money - Why OPEC won't turn off the oil - Jubak's Journal
by Jim Jubak -- 2/7/2006
"Another part of the theory, however, seems to me undeniably accurate. Peak Oil theories predict that production from a field will peak and start to fall long before all the oil is extracted, since the more easily pumped oil deposits are extracted first. And that extracting the remaining oil will get increasingly more difficult and more expensive."

No comments: