RE: Ethanol from corn (was Kuwait oil)

From: <glennmorton@entouch.net>
Date: Sat Nov 19 2005 - 00:40:17 EST

Al did a pretty good job on the other questions, I thought I would comment on this:

-----Original Message-----
From: asa-owner@lists.calvin.edu [mailto:asa-owner@lists.calvin.edu] On Behalf Of Charles Carriga

Sent: Friday, November 18, 2005 2:34 AM  What is the situation with regards to these more expensive sources that, up until a
short few months ago, were not economically viable, but now are?  It strikes me that there might be a lot more
oil out there when the price of it doubles. 
 
Look at the North Sea. In the late 80s, 200 fields were producing nearly 2.5 million barrels a day of oil.  When I got to the UK in 2000, it was over 900 producing nearly 2.5 million barrels.  I commented to a friend that there would never be a day when 3600 fields produced 2.5 million bbl/day because the fields would be too small to pay for all the steel.  So, all that oil that is out there often is in too small an accumulation to make a profit.  And those that can make a profit don't produce a lot per day, and that is what the world needs--lots of production per day.

Received on Sat Nov 19 00:43:25 2005

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