This is why I have Kosmo blocked and I just get his garbage second hand. It is just
incredibly stupid garbage.
Kosmo:
I think what you meant to say, at least in the US, was that the easy oil is off limits.
The only proven easy oil that is off limits is off the west coast of California and ANWR.
ANWR = Alaska National Wildlife
REFUGE
Do you know what that words means . . . it means you want to break promise we made. But that is typical. I'm actually for a grand-bargain in drilling in ANWR if a high-royalty payment is extracted and that money is used to support alternative energy development. This grand-bargain needs to be done to shut up the whiners.
California - The people of the state of California say "No" to the drilling. Do you hate democracy or do you think we should respect their decision. In the long-term, that oil will eventually be drilled up . . . and like ANWR is really good that we wait since we'll get a much bigger payment for it later. The UK sold its oil for less than $20/barrel over the last 30 years and now has to pay $110/barrel to buy oil on international oil markets. That doesn't look so smart now, does it?
But here is the real kicker . . . throw off-shore California and Alaska wide open . . . it would make almost no difference whatsoever. It might reduce gas prices by 3 cents a gallon at best. The time it would take and the production rates just don't matter.
Kosmo:
And there is actually no definitive proof that oil reserves are even close to being depleted (not even counting oil may be abiotic in origin to begin with - but that's another discussion). For all intents and purposes, hysteria about Peak Oil has been a myth every time it's brought up.
Peak oil is not about reserves, it is about production. It doesn't matter if you have infinite reserves, if the rate of production cannot be increased, it doesn't matter how big your reserves are.
Abiotic oil is is the birtherism (or creationism) of the oil industry. I'm not surprised Kosmo mentions it. And it is so amazingly stupid because even if you assume it is true (which it is not), it happens at such a slow rate that it makes no difference whatsoever!
Peak oil is fact. The only question is when it will happen. You can't consume a finite substance forever.