Comment Re:If True, Fascinatingly Bizarre Logic (Score 1) 720
A comment about shale oil & canada's tar sands (has been discussed quite extensively on the oil drum, PO discussion site). Even if the govt ban is lifted and the price of oil hovers above $120/bl still the big problem with these 'non-traditional' sources is a concept called EROEI which is basically the net energy gain over the amount spend extracting the energy source. So basically, the EROEI for traditional oil has been in range of 100:1 to 20:1. for these sources it is quite low (i think 5:1 at best) which will certainly sustain present economic model of the world.
BTW the would you care to guess the net energy for corn ethanol