[Homestead] Speaking of Oil

Don Bowen don.bowen at earthlink.net
Wed Apr 16 14:31:44 EDT 2008


> holds up 4.3 billion barrels of
> recoverable oil,

The real term is "Technically Recoverable Oil."  Yes the oil can be brought 
to the surface but at what cost?  This oil is about 10,000 feet below the 
surface and not in pools.  Once at depth they have to drill horizontally to 
break the oil out of the shale.  No mater how many bbls they magically find, 
the real issue is at what cost?  If you think a sudden find of 4.5B bbls is 
going to take us back to $1 gasoline, think again, more like $5.

Don Bowen      KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html 



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