[slowmover]

Production matters, not reserves. The first is verifiable, the second isn't.

Low prices hurt Russia. Thats the gambit which makes most sense (having Saudi Arabia pump more).

Tight oil is impressive. I drive around in these fields most days. But where is the profit (outside of real estate shenanigans)?

The long-term viabiiity of tight oil extraction is dependent on planetary economic growth (real goods, not "finance"). What government and central bank in the advanced economies is NOT propping the thing up?The best areas of these fields are drilled first. The rate of production decline, per well, is not for the squeamish. Rising cost of production is only offset somewhat by improved processes.

I doubt there is a long time.


In the meantime -- in The Paradise of Happy Motoring -- we, the wearers of hairshirts will drive another day or two past the SUV owners. Availability trumps price. The feedback loop of the latter kicks crap out of the former.

And, by the way, to take these FE stunts seriously (solo driver isn't ever serious) how about how well your family transportation does when loaded to GVWR. GCWR if with a trailer. I'd like to suggest that is the only worthwhile FE goal.

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