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Well, if we get the oil shale in colorado working, we will have the largest reserve of accessible oil in the world with enough oil at current consumption for atleast 100 years, purely sustaining ourselves.
But, the people screaming peak oil won't tell you that.
Wow, the shale oil kool-aid. Yeah, we're converting to this substandard form of "oil" and there's no problem
That crap substitute for the sweet Saudi crude is expensive to refine, takes too much fresh water, and isn't coming online quickly enough.
Don't believe me? How about peak oil subscriber, staunch conservative and former GWB energy adviser Matthew Simmons who happens to know a little something about oil running his own investment firm specializing in it?
As someone who works at an oil exploration office I can tell you oil is still being produced but getting to new reserves is becoming more difficult and more costly.
It's not that oil is going to run out...but it is that unless we get off of having to use the levels of it that we do, you better be comfortable at $7-8 gal. within 5-8 years time (or less I could be surprised)
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