Why would not both happen simultaneously? And why do you assume that the drilling would
be on fragile ecosystems? It would make extraction from large but low grade deposits
such as the Alberta Tar Sands more economical and injection etc. that recovers more oil
from wells that are running out.
  Cheers, Ken Hanly

Michael Perelman wrote:

> Regarding Ken's assumption that higher prices will bring new energy forms on line,
> the first effect will be to open up fragile ecosystems to oil drilling, causing more
> problems elsewhere.
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail [EMAIL PROTECTED]

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