[Marxism] Nader and Peak Oil

Louis Proyect lnp3 at panix.com
Sun Jun 8 08:14:25 MDT 2008

Sartesian wrote:
>7. If, has been proven, current technologies are capable of  extracting
>usable grade petroleum from super-heavy sources-- Athabasca, Orinoco--
>why are the super-heavy reserves not included in peak oil theory
>calculations?   If the answer is cost-- then that is no answer to the
>peak oil theory which argues on depletion of the available, limited,
>resource.   Cost is a social product, not a natural one.

I am no expert on "peak oil" but cost is definitely part of the 
calculation, as far as I know. The theory is not based the 
disappearance of oil but of *cheap* oil.


by Colin J. Campbell and Jean H. Laherrère,
Scientific American, March 1998

 From an economic perspective, when the world runs completely out of 
oil is thus not directly relevant: what matters is when production 
begins to taper off. Beyond that point, prices will rise unless 
demand declines commensurately.

full: http://dieoff.org/page140.htm

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