Mmarrkk

The 'Peak Oil' Myth: New Oil Is Plentiful

Bottom line: you are right, there are lots of new discoveries with the hopes (not known's) of big reserves. All that you listed will REQUIRE very high oil prices. If prices drop below $75/BO, you won't see these huge volumes developed. That's the bottom line. So, if the oil is in the ground but we can't afford to develop it, is it of any use?