By using this site, you agree to our Privacy Policy and our Terms of Use. Close
NJ5 said:
@HappySqurriel: Please put some data behind that claim, or at least say why you disagree with these forecasts.

We're talking about replacing many millions of barrels of production capacity within timeframes which aren't long at all.

 

Suncor, 1 of the producers of synthetic crude from the oil-sands, will see a production increase from 250,000 to 350,000 barrels of oil per day in 2009 ... As long as the oil producers can invest their money in unconventional oil reserves they can (easily) match the production lost because of conventional oil.