william wrote:
> Alec Wood wrote:
>> This requires you to believe the Peak Oil Myth, Because without it 
>> they couldn't get away charging $5.00 a gallon for gas.
>> There is enough oil for about another 200 years.  
> There is also the story that oil is not a fossil fuel, but rather a 
> product of geological process; if true, we will never run out of it.
>
> William
>
There is an entire book on this subject and a test well was dug based on 
the geological parameters and oil was extracted.  The real problems is 
that this additional oil, most likely orders of magnitude more than 
known reserves,  is deep deep deep.

Utah, alone, depending on estimates of extractable oil, has between 800 
billion to 2 trillion barrels of oil.  The cost of extracting it ranges 
from $30 to $60 dollars US a barrel.  Land is in the process of being 
leased from the Bureau of Land Management to get pilot plants on line.  
The price of oil has only recently been above the price needed to become 
profitable and with the likelihood the price will continue to exceed $60 
USD, production is going to begin.  No one wants to invest billions of 
dollars into new plants when the price of oil might decrease.  Canada is 
already producing oil from tar shale.  The hold up in the USA is that 
"interested parties" have prevented access to the tar shale.

There's also Methane hydrate under the ocean with current estimates of 
5000 trillion cubic feet, not an insignificant amount.

There are crops that are energy/oil dense that have several hundred 
percent better return than growing corn.  The "corn" lobby has obviously 
done their jog.

Peal oil (or should we say peak fuel) is a worse than a myth.  Myths 
have value.

There once was a prediction that New York city would become cover with 
manure because of all the transportation needs.  We know how that 
prediction faired.

To paraphrase Mark Twain, '*The reports of  the death of fuel supplies 
are greatly exaggerated."

*Steve