Most of this 1.4 T barrels of"recoverable oil reserves" is Shale Oil.
While they are certainly recoverable, they just as certainly ain't reserves. Yet.
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Most of this 1.4 T barrels of"recoverable oil reserves" is Shale Oil.
What scarcity? I can drive the SUV down to the local convenience store towing a 500 gallon tank and fill it to the brim. Not a scarce in sight.
Stop using words you don't understand. While a parrot might be able to caw the word "reserves!" it certainly doesn't understand them. Which is how you developed your nickname, along with cutting and pasting from your betters (who you also don't understand).
Neither do you apparently. So now heavy crude oil isn't oil, but it is synthetic oil? What, little elves converted real oil into heavy crude and morons like you pretend it isn't oil anymore?
We've been over this, denial clown. Bitumen is not light crude. It has to be refined, and is about 1/3 as efficient.
JiggsCasey said:Doesn't change the FACT that the good stuff -- the stuff western civilization is built upon - has peaked and is set for imminent decline, based on the nosedive of discovery rates.
JiggsCasey said:Tell the forum again how meeting global demand with ever increasing amounts of oil and gas baked from rock and clay will be sustainable. Can't wait.