Quote:
Originally Posted by Iron Tamer
you linked to 1 of 3 things that I said, and the reason shale is bad is because its expensive in todays market not because its super hard to extract. This does not prove at all that oil is a scarce resource that we need to preserve.
It's expensive BECAUSE it's super hard to extract and refine... YOu understand how this works, yes?
Quote:
Originally Posted by Iron Tamer
when tech improves shale will be another source of oil. Just like the tar sands in Alberta.
It already is another source of oil,genius. In fact, it accounts for about twice as much production as tar sands does. It's just that they can't seem to make any money doing it.
Quote:
Originally Posted by Iron Tamer
and I noticed you didn't talk about deep sea drilling or fracking or the general idea that we have access to far more crude oil today after 150 years of drilling than ever before. If you want to argue nitpicking a small point is not the way to go.
It's not a small point, and it's become clear you're just another "econ 101" bro who doesn't understand the energy dynamic and what goes into keeping complex societies humming. Hint: It's cheap and easy-to-produce energy that maintains healthy grows. Fracking, deep water and police actions abroad for the oil of rogue nations are not cheap nor easy.
"Having access" to oil reserves says little about the economic viability of those reserves. Right now, we're scraping the barrel for tight oil plays that are bankrupting the industry, and only remain above water due to expanding lines of Wall St. credit.
Pay better attention.