lntwo

Understanding Crude Oil Prices

hey thanks for the article - I gave the paper a quick read and will point out to others that starting on page 19 the author takes a step back(for a non-economist like me) and gives some interesting data/perspective. i got a chuckle out of the "price stabilization" comment on p29. Here's link to an explanation of scarcity rent en.wikipedia.org/wiki/...

Oil Bubble? Nope

So rdog are there any proof-of-concept ultra deep wells (not in the off-shore sense) being drilled to extract geogenic oil? Is there evidence of this sort of oil around the multitude of volcanic regions on our planet where there is a more or less direct connection to the crust mantle interface?
What is the hypothesized per barrel breakeven cost on these enterprises?
From your links it seems that the refilling is deemed rare, and while exploitable at some small scale doesn't offer a meaningful alternative. Are the early wells in Pennsylvania and California full, or refilling?
Also long term 20+yrs isn't CO2 is the dominant isssue?
thnks for any info you have on this.