Seeking Alpha

Half Empty » Comments » XLE

  • Peak Oil as a Function of Earth's Volume  [View article]
    Is this article a subtle ploy to expose the weakness of cornucopian beliefs about future fossil energy supplies? The cubic volume of the planet is irrelevant to how much oil there is. Oil formed in discrete locations at certain times under specific conditions. We pretty much know where any remaining exploitable oil traps are likely to be found.

    At the rate the world uses oil, even a couple of elephant-sized discoveries would make little difference to the mid-Century deadline for conventional oil to be mostly depleted.

    As for "evolution and creativity", weren't Passenger Pigeons the most common bird in the US until Man set out to show his mastery over finite resources?
    Apr 29 05:21 am |Rating: +1 0 |Link to Comment
More on XLE by Half Empty
Comments by Ticker
Half Empty's
Comments Stats
9 comments
Rating: 12 (13 - 1 is )