Let's drill the watermelon outta everything <redux>

[john9001]

so some of you say there no more oil so we should stop looking for any?

that makes no sense.

[lazs2]

yep.. pretty much.. they are saying that there is no need to look because they are guessing that there is no more to find.

lazs

[Baitman]

Geology 101

Oil is not found everywhere. And there are some places that you can look all you want and you will never find a drop. Oil is found in specific types of formations and no where else. These formations are found in certain parts of the world. Coal is found the same way. You will not find coal in igneous rocks so don't look. Right now we are looking for oil that is recoverable with good profit to be had. As the price of oil climbs you will find that some reservoirs will come back into production because they can economically recover it, NOT that the oil is growing in the earth.



BTW "we will never run out of oil but it will become unaffordable for most to buy" I heard that statement from a president of a mining company last month.

[bj229r]

Geology 101

Oil is not found everywhere. And there are some places that you can look all you want and you will never find a drop. Oil is found in specific types of formations and no where else. These formations are found in certain parts of the world. Coal is found the same way. You will not find coal in igneous rocks so don't look. Right now we are looking for oil that is recoverable with good profit to be had. As the price of oil climbs you will find that some reservoirs will come back into production because they can economically recover it, NOT that the oil is growing in the earth.



BTW "we will never run out of oil but it will become unaffordable for most to buy" I heard that statement from a president of a mining company last month.

I think 'unaffordable' is a relative term....when people have to WALK, they will find money they never knew they had. I remember in late 70's people buying clunker used CARS because they came with a full tank of gas