Re: [Marxism] Fw: Peak oil redux

[nada <dwaltersMIA@xxxxxxxxx>]

I tend to agree with S. Artesian however, nothing is entirely a function 
of price. There are limits. One could say, a huge reserve of oil is 
located very far down, but it's physically impossible to mine, thus it 
becomes totally un-exploitable. Oil in smaller and smaller reservoirs 
are being discovered. However, better and better engineering techniques, 
based on the profitability of recovery is being used. The Bekkan oil 
reserve in North Dakota is one example of this. Right now -- the rate in 
which oil IS being used, the there is a negative delta-t of  
supply-vs-usage. If the price really goes up, that delta-t goes upside 
down, as harder to exploit reserves are then counted, hitherto excluded, 
from the delta-t.

The problem with the Peak Oil theorists is as Artesian points out in 
different words: they keep moving the goal post.

In terms of what needs to be done and why, the Peak Oil theories should 
be a secondary or tertiary importance: there are far more important 
reasons why we should start to phase out oil-for-transport-fuel as fast 
as possible.

David

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