Posted by MarkB_MI on June 11, 2014 at 15:26:01 from (70.194.9.19):
In Reply to: Petroleum question posted by wile E on June 11, 2014 at 12:41:01:
The higher the price of oil, the more oil can be extracted profitably. Which is why oil prices are destined to go up.
Even with the known reserves, there is plenty of oil to cause catastrophic damage to the environment. We have enough known oil, gas and coal reserves to raise global temperaures at least 2 degrees Celsius. This is not just what the greenies say, you can read it right on the BP website: "We agree that burning all known reserves would probably cause global temperatures to rise by more than 2°C..." See the link below.
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