- Joined
- Jan 25, 2012
- Messages
- 44,615
- Reaction score
- 14,470
- Location
- Texas
- Gender
- Male
- Political Leaning
- Conservative
The economic viability can get better through research and scaling,Great really. It needs more research to be economically viable though. That was the case , when I last checked.
but the curves are already in motion. Energy from oil will on average keep increasing in cost.
We often here of all the subsidies oil companies receive, what we do not hear about is the
financial risks they take.
The extraction side of oil companies take much larger risks than most businesses.
The lease mineral right for an area, that has promising geophysical surveys.
They decide the best place to punch a hole.
They spend large amounts of money drilling, on the chance they might hit oil or gas.
Those risks include thinks like rigs blowing up, it is dirty dangerous work.
If the oil companies can make their own feedstock for a known price without that risk,
it will limit the value of oil extraction.
They are already going to expensive efforts to extract oil from places not thought economically viable.