[SGVLUG] [OT]Hybrids and trains (was fuel prices and the dollar)

[Christopher Smith]

I'm sorry, but your data is incorrect. It was true at one point that has 
long since past, which is why energy companies are currently extracting 
it and more importantly investing tons of money to increase production. 
Oddly, as the price of oil has risen, so has bitmen extraction 
technologies. Almost exactly as economists have predicted.

--Chris

Dan Borne wrote:
> But those are including the oil sands; more BTUs worth of natural gas 
> are used to extract the petroleum than the BTU value of the petrol 
> itself.
>
> 2008/5/14 Christopher Smith <cbsmith at gmail.com 
> <mailto:cbsmith at gmail.com>>:
>
>     Sadly, like most things about oil, we tend to be fairly misinformed.
>
>     http://en.wikipedia.org/wiki/Oil_reserves#Canada
>
>     Actually, Canada is #2 now that oil prices are so high, and that's
>     NOT including suspected massive reserves in the Arctic.
>     Furthermore, there is a fair bit of evidence that most OPEC
>     nations overstate their reserves in order to have a larger share
>     of quotas, so it is possible Canada is already #1 in terms of
>     "real" reserves.
>
>     --Chris
>
>
>     Dan Borne wrote:
>>     Canada does not have as large petrol or gas reserves as the US,
>>     Russia, Saudia Arabia and some others.
>>
>>     Sorry, I do not understand your connexion.
>>
>>     2008/5/14 Christopher Smith <x at xman.org <mailto:x at xman.org>>:
>>
>>         Yeah, just like it was during our last energy crisis. :-)
>>
>>         As the price of petrochemicals goes up, so do the options for
>>         oil and gas producers. If the prices get much higher, Canada
>>         may become the richest source of oil reserves in the world
>>         within a few years. Not to mention that wind power starts to
>>         become a really nice alternative to coal/gas/oil, reducing
>>         our need to consume it for power generation.
>>

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