"Adrian D. Shaw" wrote in message
...


I've just gone hunting for my New Scientist, but failed to find it so
this is from memory, but there was an article in there this week (or last
- I'm not quite sure) which said we had enough fossil oil for 70 years yet,
and that we've only extracted about a third of what is economically viable.


'Economically viable'. Well that's just the crux of the matter, isn't it?
If there are no cheaper alternatives available then oil costing $100
a barrel will be 'economically viable'.
In one sense I consider the current high oil price to be no bad thing.
It should start to stimulate development of alternative energy sources
which would now be starting to appear more cost effective.

Col
--
Bolton, Lancashire.
160m asl.
http://www.reddwarfer.btinternet.co.uk
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