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True up to a point, but once the price starts getting to high alternative energy becomes much more attractive

jono202
Yes, - that's problem. Alternative energy sources are just too expensive and for many applications, impractical. Any increase in energy cost simply adds to the overall cost burden a country carries when producing its goods. NZ, for example, when it discovered a monster gas field off the West Coast (during the 1970's oil crisis) decided to produce methanol (LNG) from the gas . The cost of the plant was colossal with a poor rate of production around 30% to the amount of gas used. Incredibly wasteful !! NZ also used CNG but, again, there were many disadvantages and the system has fallen out of favour.
Digressing for a moment !! - did anyone catch the latest news on the oil front from NZ during the last week or so ??
NZ has produced oil and gas for years offshore and onshore around the New Plymouth area, however, apart from the monster gasfield I've just mentioned nothing much has been found. Two companies have just carried out a very deep water survey ie 2000 metres, and have found a sedimentary layer at least 5000 metres thick extending over a huge area. These sedimentary layers are where large oil finds are made in other parts of the world and this particular seismic survey has indicated large structures that have the local scientists quite excited. Drilling in this depth is well within the current capability of deep well rigs - the deepest so far is off the Carribean drilling in 3000 metres of water.
Just my luck it seems - when NZ is on the verge of making us all rich I am leaving for a jump across the Tasman !!!
Regards
Harmy
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