BIKE: End of Cheap Oil Debate Again

[Robert M Farr]

Patrick Goetz wrote:
> 
> I've read it and don't see the catch 
> 
> http://www.geotimes.org/june03/NN_gulf.html

I'm no expert, but here's the catch (surprised you didn't see it):

'But, says Richie Baud of MMS, not all those resources are economically 
recoverable and they cannot be directly compared to Cathles' numbers, 
because "our assessment only includes those hydrocarbon resources that 
are conventionally recoverable whereas their study includes 
unconventionally recoverable resources."'


Apparently the sort of "Oil Reserves" mentioned in the story aren't the 
sort of oil reserves one can put a drill over and actually yield crude 
using existing technology.

-- 
Robert Farr
Austin, TX
bobfarr