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Exponential growth: perpetual growth versus finite resources
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<blockquote data-quote="UnconTROLLed" data-source="post: 904359" data-attributes="member: 18708"><p>talk about skewing the "estimates"</p><p></p><p></p><p>Original article: </p><p></p><p>"For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves.... <strong>and we now have access of up to 500 billion barrels. </strong>And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL! "</p><p> </p><p><em>That's enough crude to fully fuel the American economy for 41 years straight.''</em></p><p><em></em></p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/happy-very.png" class="smilie" loading="lazy" alt=":happy-very:" title="Happy Very :happy-very:" data-shortname=":happy-very:" /><img src="/community/styles/default/xenforo/smilies/FeltTip/happy-very.png" class="smilie" loading="lazy" alt=":happy-very:" title="Happy Very :happy-very:" data-shortname=":happy-very:" /><img src="/community/styles/default/xenforo/smilies/FeltTip/happy-very.png" class="smilie" loading="lazy" alt=":happy-very:" title="Happy Very :happy-very:" data-shortname=":happy-very:" /> ^^</p><p></p><p>***Then the quote-unquote "hard data" provided in usgs link at end of that article!***</p><p></p><p></p><p>"The USGS estimate of <strong>3.0 to 4.3 billion barrels</strong> of technically recoverable oil <strong>has a <em>mean</em> value of 3.65 billion barrels. </strong>Scientists conducted detailed studies in stratigraphy and structural geology and the modeling of petroleum geochemistry. They also combined their findings with historical exploration and production analyses to determine the undiscovered, technically recoverable oil <strong>estimates.</strong>"</p><p></p><p>Total junk.</p></blockquote><p></p>
[QUOTE="UnconTROLLed, post: 904359, member: 18708"] talk about skewing the "estimates" Original article: "For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves.... [B]and we now have access of up to 500 billion barrels. [/B]And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL! " [I]That's enough crude to fully fuel the American economy for 41 years straight.'' [/I] :happy-very::happy-very::happy-very: ^^ ***Then the quote-unquote "hard data" provided in usgs link at end of that article!*** "The USGS estimate of [B]3.0 to 4.3 billion barrels[/B] of technically recoverable oil [B]has a [I]mean[/I] value of 3.65 billion barrels. [/B]Scientists conducted detailed studies in stratigraphy and structural geology and the modeling of petroleum geochemistry. They also combined their findings with historical exploration and production analyses to determine the undiscovered, technically recoverable oil [B]estimates.[/B]" Total junk. [/QUOTE]
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