Oil supply optimists often say that the application of enhanced oil recovery techniques to existing and future wells will vastly expand oil reserves and oil production. The trouble is these techniques aren't new, and they are already being widely applied. That means current oil reserves and production already reflect any effect they have had....Read more
Thursday, March 25, 2010
Will enhanced oil recovery be an oil supply savior?
My latest column on Scitizen entitled "Will Enhanced Oil Recovery Be An Oil Supply Savior?" has now been posted. Here is the teaser: