Re:Energy Giant Shell Says Oil Demand Could Peak in Just Fiv...
by Clubber on Monday November 07, 2016 @01:19PM
(#12893408)
>It's also worth noting that "too difficult to harvest from an economic standpoint" is a moving target.
Good note. Oil is fairly inelastic. I would say terminal velocity on that would be just before it costs the same amount of energy to extract energy. That can be converted to dollars just as well. That's a good thing about renewable and alternate energy, it erodes that inelasticity so when terminal velocity hits, we aren't all breeding horses again.
Good note. Oil is fairly inelastic. I would say terminal velocity on that would be just before it costs the same amount of energy to extract energy. That can be converted to dollars just as well. That's a good thing about renewable and alternate energy, it erodes that inelasticity so when terminal velocity hits, we aren't all breeding horses again.