America @ $100+/Barrel: How Long Will the Oil Last? Posted: 3 months ago by DerAlt
Pumping oil is surprisingly inefficient: For decades, companies relied on ground pressure and crude secondary well-flooding methods that recovered just one-third of a field’s reserves. Now, through enhanced oil recovery techniques, companies can collect up to three-quarters, dramatically lengtheninga field’s useful life. — D.C.
Comments: 1 Score: [-] 162 [+].
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Posted: 3 months ago by browntrout:
If they would improve "refining" capacity, a 1/3 "pumping" efficiency would be acceptable.
It's not how much oil we can get out of the ground. It's our ability to actually do something with it once it's on the surface.
Score: [-] 46 [+].
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