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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Graph of the Day: The Cost of Production Of Oil