Exploring Hydrocarbon Depletion
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Scientist wrote:At $40pb shale oil can supply oil for the next 250+ years at current consumption rates. We are obviously at $50+bp this week.
- "Known reserves" of oil is not a finite entity - oil exploration costs money and new searches are not initiated that far in advance of production for these reasons.
- Known uranium reserves represent 14000 years of supply at present consumption!!!
Scientist wrote:The Peak Oil discussion is an important debate, but you should check the figures out there folks. Let me just quote you some:.
Scientist wrote:- In Canada oil has been extracted from tar sands since 1978, costs of extraction reducing from Â£28pb to $11pb (Figure from 2000).
Scientist wrote:- Worldwide shale oil reserves estimated to be about 242 times conventional petroleum resources (Craig, James R et al, 1996, "Resources of the Earth: origin, use and env impact")
- US Energy Info Agency estimate it is possible to increase present global oil reserves by 5 times from tar sands and shale oil at a price of about $40pb.
Scientist wrote:fast-breeder reactors (using uranium-238).
rerere wrote:Does cost include putting back the land after strip mining is done?
And working, production fast breeders are found where?
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