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"unconventional reserves will last well over 100 years"
Nov 21 17:00 pm
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All Comments by guiron »Peak Oil's Bell Is Ringing [View article]
Unconventional reserves are only viable when oil is at least $60/bbl,, higher for some types. At that price other energy sources are a better (and cheaper) long-term bet. Oil is not a good long-term bet for an energy supply. The pricing will be volatile in the meantime and not necessarily beneficial to long term exploration.