Not Cheap, Not Easy: Getting the Last Oil Out

Friday, April 23, 2010, 2:52 PM
Enroll NowFor enrolled members only. Enroll or Sign in to read the full article.

Last September (2009), a spectacular oil find was trumpeted all over the news.  It was deep and it was audacious, but the technological prowess on display gave some people the ammunition they needed to continue to deny the reality of Peak Oil.  At the time, I received more than a few emails from individuals who used this find as proof that Peak Oil, even if it was real, was still far in the future.  Faith in technology was given a huge boost by this nature of this find.

I countered with my usual mantra of TIME, SCALE, & COST, arguing that there's a gigantic gap between a brilliant technical demonstration and full-scale production.  I was quite skeptical of this particular find, because it was 35,000 feet under the surface, a full mile deeper than Mount Everest is tall.  I've used this specific example in every talk I've given since.

To jog your memory, here's the original news article:


Enroll Now
Or Sign In with your enrolled account.
Endorsed Financial Adviser Endorsed Financial Adviser

Looking for a financial adviser who sees the world through a similar lens as we do? Free consultation available.

Learn More »
Read Our New Book "Prosper!"Read Our New Book

Prosper! is a "how to" guide for living well no matter what the future brings.

Learn More »


Related content

47 Comments on Not Cheap, Not Easy: Getting the Last Oil Out

Enroll now or Sign In to read all member comments.