thomas malloy wrote:
and Jed Rothwell responded;
Michael Medved, michaelmedved.com interviewed Peter Huber author of The Bottomless Well.
What hemisphere, exactly? If that include South America (Venezuela) it is probably true. There is also a lot of oil in Canada and Alaska. Of course it would cost a fortune to extract it. If he means oil at $500 per barrel,
He said $20 per barrel, this compares with $5 per barrel for Saudi oil. Huber finds it unfortunate that we are continuing to fund the middle east, but that's economics.
These prices do not include the cost of war for oil, ill-health and early deaths from pollution,
You can argue that the flow of petro dollars fueling Wahabi fundamentalist violence is a classic example of unintended consequences, or stupidity, or a conspiracy.
Unfortunately, people are likely to use coal instead, which is even worse by every measure.
Huber agrees with you on that.
If Huber is saying there is plenty of oil lying around at today's costs in the US, Canada and Mexico, he should tell you oil companies about it. They are paying a fortune to
He's not saying that, his thesis is that there is plenty of oil we're just going to have to pay more to get it.
- Jed
