Tui,
The US geological survey now reckons there's up to 500 billion bbls of technically recoverable heavy oil in Venezuela. That's 20 years of global oil demand. Not sure it's oil that that's running out, just access to good cheap free flowing oil.
My tongue was firmly in cheek wrt the gas glut. There are gas gluts, but they are localised in time and space.
Gas is THE premium fossil fuel, doesn't leave the localised pollution of oil or coal, doesn't need the extensive upgrading/refining of oil, CAN be used very efficiently, and has an inherently much lower carbon content per GJ.
EL
- Forums
- ASX - By Stock
- shell has launched a takeover bid for arrow
Tui,The US geological survey now reckons there's up to 500...
-
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AOE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online