"Dylan Smith" wrote in message
...
But, say, $100/barrel oil will ensure that companies go prospecting for
more oil. Suddenly, oil sources that weren't economical become
economical - as do alternate fuels - when oil isn't as cheap as it is
today (and for what you can get out of oil, it's still cheap stuff at
$70 a barrel).

It's feasible to prospect and drill for oil if the world market price hits
$35 or more. It's double that now. Problem is the environuts will not let it
happen

We're now at the point that tar sands are feasible and coming into the range
that shale is profitable. Just a ways from me is enough shale that makes
much of the middle east seem like pikers. Canada has more oil in tar sands
than Saudia Arabia has.

As the economics get past the size scales and learning curves, thigs could
well change dramatically.

Imagine the towelheads losing their grip and their market. :~)