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02/16/2012

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Don Bowen

Yes, there will be technical strides from group one though not enough to make the specter of Peak Oil slide back into its grave. We have seen that with the recent advances in horizontal drilling and fracking. But the down side of that should be appreciated by group two, the cost of the outputs of those technical strides will increase. Bakkan oil is only possible when oil is over $80, that oil that washed up on Gulf shore was $100+ oil. We will be getting the lower energy life that group one threatens us without the planning that group two wants us to do now to prepare for lower and much more expensive energy.

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