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Plug In Drivers Not Missin' the Piston

This is the Kodak Moment for the Auto Industry. Electric vehicles are here to stay. Their market acceptance and growth will continue....

Monday, November 18, 2013

Carl Pope: Breaking Oil's Monopoly: Easier Done than Said

Carl Pope: Breaking Oil's Monopoly: Easier Done than Said: "Global oil demand is 90 mbd. Of that, 80 mbd is cheap -- $30 or less - conventional oil, mostly from OPEC. About 5 mbd is moderately priced unconventional oil - shallow off-shore, light-tight US oil like the Bakken, or secondary recovery from depleted fields. This unconventional oil costs between $30-$60/bbl.

The final 5 mbd of demand breaks the bank. To supply it, the oil industry taps extreme oil fields in the remote Arctic, the ultra-deep ocean, or heavy tar sands in Canada"