Exploring Hydrocarbon Depletion
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Anonymous wrote:More links: link As for the post about an energy carrier. So what?? Hydrogen can be produced using renewable electricity via electrolysis. Gee, imagine that, a free fuel in everybody's backyard vs. paying for oil. Sounds pretty damn good to me.
OilWatch wrote:Aaron I think that's a bit of an overstatement, here's why:
The only reason why the world is using light sweet crude so readily is because it is the cheapest economical from of energy at the current time.
However, once the price of light sweet crude reaches a certain level, it makes other alternatives affordable. I.e.
So let's say at a price of $35 / barrel, shale oil becomes economical to extract. The bell curve that the total recoverable light sweet crude follows, has now been drastically increased because shale oil is now economical to produce. So before, let's say there was 1 trillion barrels of recoverable light sweet crude, now there are 2 trillion barrels of recoverable oil (or maybe even more, some sites say there are 3 trillion barrels of recoverable shale oil) Doesn't this drastically change the peak?
Peak oil is based on the fact that light sweet crude is the only source of oil out there, when it isn't.
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