It discusses a number of reasons about how we may not be reaching peak oil any time soon. It points out that current extraction methods only extract 30% or so of the oil in the ground and discusses ways that may extract a larger percentage of the oil underground. It also discusses that we're extracting oil from areas that weren't economical to drill before, and areas that haven't been explored due to better drilling technology.
I'm a little surprised that they published this. In the past decade or so, Scientific American should have been called Peseudoscientific Treehugging American Propaganda.
They didn't even throw in a line about "this means we need more government action to curb CO2 emission because we're not really running out of oil.
The point of the article, if you take the time to read it is that most of the sedimentry basins of the world have not even been explored. Many areas are just hard to reach, have political instability, are currently too expensive, or just plain off limits (Antartica caomes to mind, it was once a tropical contienant).
Yes, US production has long since peaked, but world production continues to rise.
I have read the print copy. It has many good graphics and maps as well a little more depth. I suggest you check it out.
Agreed, tar sands are producing. They've only extracted a few drops out of the ocean of oil that's available from tar sands. There's LOTS of potential there. The question is whether they'll be able to continue and expand production. In particular, there is getting to be more and more environmental concern over the production.
I hope the profits involved will outweigh the overblown environmental considerations. Look at the huge amounts of offshore oil we're ignoring here in the US because of the NIMBY's.
Interesting and informative article in TOD last year, http://www.theoildrum.com/node/3839, which states the immense amount of CO2 produced to mine these unconventional oils. Let's hope we find a vast pool of bubbling crude and soon.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More