Joules Burn

$200 Oil Is a Very Real Possibility

Pie in the sky numbers like 2 trillion barrels mean squat. What counts is the rate at which it can be produced, and we are now having to get it from a) smaller and smaller fields or b) deep under the ocean floor or c) by digging it out of the ground and then baking and hydrogenating it to make it it flow (e.g. tar sands). The net result is less net energy available to power your car on, no matter what the price is. And to make matters worse, more and more people want that oil.