RV Fuel Issues & Prices - Post 'Em Here!
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Forum Discussion
There is indeed quite a lot more oil left to be recovered. One of the issues is the cost of recovery - much of the ANWR oil isn't economical (profitable) to recover unless oil is up over $125 a barrel. Oil from shale and offshore oil are also more expensive to recover - offshore isn't quite as bad as ANWR or shale oil but still more than oil that can be recovered from wells on land. There is still plenty of oil there, but we would all do well to consider how much we really want to be paying to get at it.
In terms of oil production increases - that follows from the economy. Oil production dropped quite a lot during the last couple years because consumption dropped. Now it's starting to increase again as the economy starts to recover. That doesn't mean that the "peak" isn't here. Peak oil is about long-term trends.
There are also other concerns to consider, such as the dependence of the US on other, less-stable, and not always friendly, countries and the wars that this dependence can lead to.
In terms of oil production increases - that follows from the economy. Oil production dropped quite a lot during the last couple years because consumption dropped. Now it's starting to increase again as the economy starts to recover. That doesn't mean that the "peak" isn't here. Peak oil is about long-term trends.
There are also other concerns to consider, such as the dependence of the US on other, less-stable, and not always friendly, countries and the wars that this dependence can lead to.
