> The point isn't that the production cost accounts for all of the
> increase (notwithstanding my poorly worded and mis-typed subject
> line), it's that oil is getting harder to extract. The article notes
> that that $15 is an average that includes older, easier sources, and
> that the newer sources that are supposedly going to replace the oil
> fields you've heard of cost more and require more energy to produce.
>
> This is completely in line with the peakista narrative.
>
> --
> Andy
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Then again, part of that story may be the manufacturers that make the gear to make extraction possible could have just jacked up their prices for replacement parts and the new equipment that's being installed via new investment.
Ian