> From: Andrew Fildes <afildes@xxxxxxxxxxxxx>
>
> Fuel is still comparatively cheap in the US but you have to
> think in terms of energy yield rather than mere dollar costs.
There's the rub!
It's a common fallacy to say that "when oil reaches $100 a barrel,
much more of it will become available."
When it takes a barrel of oil to produce a barrel of oil, you've
reached entropy, no matter what that barrel costs in some fiat
currency that has no real value beyond the paper it's printed on.
I think Deffeyes said it best:
:::: The economists all think that if you show up at the cashier's
cage with enough currency, God will put more oil in ground. --
Kenneth Deffeyes ::::
:::: Jan Steinman <http://www.EcoReality.org> ::::
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