Argument against high gas prices
Paul kgyy wrote:
Will it really peak in 5 years? I think not. Google Thomas Gold and
non-biogenic oil and you will find that the party line may not be
true.
Not sure about the peak - depends on how good the reserve estimates of
the Saudis are, but then we know they never lie, do they?
Thomas Gold and Fred Hoyle were astronomers who between them came up
with a number of pretty wild ideas, one of which was that Venus would
turn out to be solid petrocarbons. So far, apparently Sweden has
actually found 80 barrels of oil in their test of Gold's hypothesis
after spending $$millions of dollars drilling in crystalline rock.
But the source of that 80 barrels might just be percolation from
nearby oilbearing strata.
Would you feel any better if production peaks in 10 years instead of 5
in the face of increasing demand?
No, but with increases in drilling technology that number might well be 100
years.
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