Peak Oil, do you understand???

[4bbl]

Originally Posted by Mark351

There's still plenty of oil, but it's the mathematics of the cost of extracting it versus the cost of selling it. There are reserves too deep to drill to to make a profit, and there's other resources, such as Canadas oil sands- in fact, Canada are second only to Saudia Arabia, and have reserves beyond 2020. Then there's shale oil, which is environmentally damaging to mine, but it's there.

It's a numbers game, and it'll be around while someone profits.

Bang on fella, I am a driller on an oilrig and see the games engineers and buisness men play