blrman07 wrote:Isn't this statement true of just about every fuel solid or liquid that is currently in use except for wood? The cheapest and easiest
anthracite to get was long gone by the 1930-1940 era. Oil became the cheapest to get but now it's more expensive than this hard to get at coal isn't it?
New Beginning Church
For "conventional" oil wells many feel that crude oil is nearing, at, or actually past peak. Yes, that means that from here forward oil will become progressively more expensive until the energy expense of extracting it exceeds the energy return from the oil itself.
This is certainly true for the USA, and Saudi Arabia is currently pumping massive amounts of ocean water into the Ghawar oil field in order to continue extracting oil. Where once they got nearly 100% crude out of the ground, now they are getting 90% salt water and 10% oil.