David in Israel Re: “Peak Oil” and North American Oil Reserves
James: I have a reply to SurvivalBlog reader John Z.’s comment on Untapped North American Oil Reserves What many non-geoligist/chemist oil commentators forget (likely are fighting a political and economic panic) when they feel safe in our huge North American reserves is the problem of either extraction or processing. Most of the light sweet crude (easy to extract transport and crack) has already been discovered I do not know of any new light sweets (of any size) in over 10 years. Heavy sour requires different less efficient chemistry in the refining process (much more sulfur) and the USA only has …