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cthulu2016

(10,960 posts)

2. Thanks. Note that in that description

Reply to elleng (Reply #1)

Wed Mar 14, 2012, 01:35 AM

Mar 2012

it talks about oil recoverable using today's technology, not oil recoverable using today's technology at cost X. (And in particular, the cost X that works out to $2.50/gallon!)

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The size of the oil supply depends on the price (and visa-versa) [View all] cthulu2016 Mar 2012 OP

Something about North Dakota oil, elleng Mar 2012 #1

Thanks. Note that in that description cthulu2016 Mar 2012 #2

Right, does not refer to cost, elleng Mar 2012 #3

I'm almost positive Newt claimed 500 billion barrels. bluedigger Mar 2012 #4

"it would already be being pumped" napoleon_in_rags Mar 2012 #5

Well, oil prices are cthulu2016 Mar 2012 #6

Spam deleted by OKNancy (MIR Team) vanessa0 Mar 2012 #7

Demand can be artificially increased with hording oil like trading companies did in 2008 uponit7771 Mar 2012 #8

That misses the fundamental dynamic. napoleon_in_rags Mar 2012 #11

Around $40 costs of a barrel is speculation after the laws governing commodities were deregulated. mmonk Mar 2012 #9

$200/barrel equals demand destruction IDemo Mar 2012 #10