Saturday, March 22, 2008
Peak Oil or Oil Everywhere (at a price)
So, the higher the price, the more oil we will have.
In a weird way, this seems to make sense...
In a weird way, this seems to make sense...
Jerome R. Corsi writes at WorldNetDaily.com:
"Hofmeister explained to the CNBC audience why he believed Simmons' hypotheses were too narrow.
'In other words, Simmons is looking at conventional oil only,' Hofmeister said. 'In the industry, we look at unconventional oil as well.'
Unconventional oil is a reference to oil that is not found as crude oil in reservoirs contained in sedimentary rock layers just below the surface of the earth.
An example of unconventional oil is the oil sands in Alberta, Canada, from which oil is produced."
