Friday, August 30, 2013

How much OIL can be recovered? at what price?

Good story in IEEE Spectrum on the future ability to economically produce oil.
It's important to remember, it's not how much oil in in the ground -- it's how much oil can be extracted at a price we are willing to pay.
http://spectrum.ieee.org/energywise/energy/fossil-fuels/how-much-recoverable-oil-do-we-have

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