Watson said other above-ground risks include higher costs of finding oil that could chill production and the lack of enough engineers and other professionals to replace the industry's aging work force.
"Above-ground peak oil will trump below-ground peak oil every time," Watson said.
[link: Chron.com - Houston Chronicle]
The shorter version of this article is "there is plenty of oil, we just won't be able to get at it so Peak Oil is a myth." I guess I am just dense but I don't remember anywhere that the phenomenon of oil depletion is only related to physical reserves or that it will occur without any difficulty. That is what peak oil is for Heaven's sake. It is like picking fruit on a tree. The first half of the harvest is no problem then you realize that those beauties up in the top or over the neighbors fence are going to be a lot more trouble than they are worth. That is when you leave them there and move on to the next tree. Unless, of course, there are no more trees. At that point if you want more fruit you are going to pay the price. At some point even that last branch may not be worth the effort and the birds are going to get the benefit. Those "above-ground" peak oil problems that he is complaining about are part and parcel of the peak oil problem.
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