Monday, March 05, 2007

Technology Allows for More Oil Extraction

New technologies, such as one that pumps in carbon dioxide into oil wells, allow for more oil to be extracted. As a result of this added efficiency, there is apparently a great deal more oil out there to be had. This article from today's New York Times talks of debate between those who think we've either seen the peak of oil or it is coming soon and those who think there's much more on the way. The article touches on what I feel is a much more important point - the fact that global warming is occuring (can I yet say it is a 'fact'???) and that even if oil supply was infinite, we need to increase our investments into alternatives to oil.

It's important, of course, to hear news such as this. What it can't mean is that there will be less investment into finding alternative ways to power our vehicles.

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