tag:blogger.com,1999:blog-17555522.post8095227215447393369..comments2008-02-02T09:31:51.598-08:00bwhttp://www.blogger.com/profile/07541279438184352860noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-17555522.post-66987693021618260132008-02-02T09:31:00.000-08:002008-02-02T09:31:00.000-08:00I agree that peak oil forecasters tend to ignore that with higher oil prices methods that were to constantly suddenly become very profitable and worth pursuing by many companies.<BR/><BR/>This gets balanced by some inflation as costs for people and equipment can go up. But again there is incentive to fix the bottlenecks.bwhttp://www.blogger.com/profile/07541279438184352860noreply@blogger.comtag:blogger.com,1999:blog-17555522.post-42261993086411323302008-02-02T08:46:00.000-08:002008-02-02T08:46:00.000-08:00The economics of oil recovery has changed a lot in the past decade--as your chart illustrates.<BR/><BR/>Peak oil prognostications ignore such changing incentives for renewed production from "exhausted" wells.<BR/><BR/>I suspect the numbers have gone up since 2004, instead of down.Al Finnoreply@blogger.com