Submitted on September 18th, 2008 by Unregistered user (not verified)
The question isn't how much there is total, the question is "how fast can you bring it to the surface in a usable form"- it wouldn't matter if the entire planet proved to be, at its core, a giant blob of oil, if it could only be extracted at a rate of <90 million barrels per day (every day, forever). A subsidiary question is "How much does it cost to bring each barrel to the surface in a usable form?" If the answer is >$200 per barrel, guess when it will be brought to the surface?
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Flow rates, not volumes
Submitted on September 18th, 2008 by Unregistered user (not verified)The question isn't how much there is total, the question is "how fast can you bring it to the surface in a usable form"- it wouldn't matter if the entire planet proved to be, at its core, a giant blob of oil, if it could only be extracted at a rate of <90 million barrels per day (every day, forever). A subsidiary question is "How much does it cost to bring each barrel to the surface in a usable form?" If the answer is >$200 per barrel, guess when it will be brought to the surface?