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Old 03-08-2007   #1
Aurora40
 
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Default No more oil concerns...

http://www.nytimes.com/2007/03/05/business/05oil1.html

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Within the last decade, technology advances have made it possible to unlock more oil from old fields, and, at the same time, higher oil prices have made it economical for companies to go after reserves that are harder to reach. With plenty of oil still left in familiar locations, forecasts that the world’s reserves are drying out have given way to predictions that more oil can be found than ever before.
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Old 03-10-2007   #2
tomtom72
 
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Default Re: No more oil concerns...

Well as all the "free market" people have been saying....if the profit motive is there then the need will be filled.

Seems very logical to me.
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