I am enthusiastic about the progress of science to capture the rich bounty of the lord’s earth…..

Do I sense “faith based” economics?

Peak oil addresses the oil demand/recovery curve. Saudi lifts oil for a few bucks a barrel, Oil sands cost 10x or more. The cheap, easy oil is depleting rapidly (see Cantarel production declines), and remaining oil will, WILL be more expensive.

With India and China using more energy the cost of crude will not be measured by the last million barrels required to meet supply, and that last million BPD will cost dealy. Unless we can wait for nature to run her course and create new oil…in a few million years.

Couple of points:

1) ‘Myriad’ requires no preposition prior to the object. Myriad also alludes to thousands if not millions, as in uncountable on any realistic basis. As such, you have yet to speak to the depth and breadth of the the problematic nature of this boondoggle. In fact, you are arrogantly dismissive while being intellectually dishonest.

2) You mention spending billions on a mining project. That lends itself to saying I pay quite a bit for the popcorn and soda at the cinema. I am confident that you will be equally facile about how the spending will even itself out once the product of these efforts begins to flow. Well, Byron, the goo don’t flow, the goo won’t flow, and neither will the cash.

There will be more dollars spent, more energy consumed and more time and lives wasted in the pursuit of an ignorant attempt to extend and pretend toward a future in a hydrocarbon world.

peak oil is already a fraud but once folks recognize that oil is a renewable resource some of the hysteria will die down although most of it will shift into other shrill non-productive ventilators…

i am enthusiastic about the progress of science to capture the rich bounty of the lord’s earth…..

necessity is the mother of invention and there are more energy inventions to arrive.

It will be as sad as it is probable in my view.

Just my opinion.

Cheers.