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Graph of the Day: The Cost of Production Of Oil

by LiveModern Webmaster last modified Jan 04, 2012 02:09 AM
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by last modified Dec 17, 2010

Estimates of the cost of production for oil production form various locations Image Credit: Oil Drum Whenever we speak of Peak Oil, the optimists point out that the technology for finding replacements will turn up as the prices rise; look at what has happened with the oil sands and with shale gas. But as this graph shows, each alternative just gets more expensive. ... Read the full story on TreeHugger






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