Peak Oil Crisis...

Re: Re: Peak Oil Crisis...

Outcast said:
Also we have the technology to put solar panels in space and beam power back to earth.
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The ultimate space based weapons system.. Can't wait.
 
Re: Re: Re: Peak Oil Crisis...

Ed said:
The ultimate space based weapons system.. Can't wait.
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Simcity did it years ago. It's pretty cool but it causes some odd problems.
 
JustGeoff said:
http://news.bbc.co.uk/1/hi/business/4077802.stm



Internet conspiracy theory to mainstream news in 18 months.

Hold on to your hats, ladies and gentleman, we may be about to experience some turbulence.
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It's an interesting read, of course those who read it for factual purposes would note toward the end these paragraphs:

The French report also echoes a fundamental problem at the heart of the oil business, namely data transparency.

Without accurate audited data, discovery forecasts, forward pricing and reserve calculations become a matter of debate rather than science.

This year alone the International Monetary Fund, the G7 and IEA have all called on Opec countries and Russia to open their fields to independent scrutiny.

"The definitions of oil reserves are different in many countries," the report observes.

"The capacities of sustainable production by Opec countries are very difficult to estimate. It is impossible to know production levels without waiting, at best, several months.
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Also, I don't mind paying high gas prices. Some who do will use other methods from bus to bicycle.

Edited to make it easier to read.
 
Grammatron said:
It's an interesting read, of course those who read it for factual purposes would note toward the end these paragraphs:
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I think that is half the point of the article, that we have been relying on optimistic outlooks that have not been based on facts. It states that oil producers need to get more serious about openness in their estimation process. BP has already been caught putting out forecasts it knew to be optimistic and wrong.




Also, I don't mind paying high gas prices. Some who do will use other methods from bus to bicycle.

Edited to make it easier to read.
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Yes, let them eat cake.
 
a_unique_person said:
I think that is half the point of the article, that we have been relying on optimistic outlooks that have not been based on facts. It states that oil producers need to get more serious about openness in their estimation process. BP has already been caught putting out forecasts it knew to be optimistic and wrong.

Yes, let them eat cake.
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Ok, you may panic.
 
reprise said:
As you can see, the proved reserves of the US total only 4.8% of the world's proved reserves, so even though the US does produce a lot of its own oil, ramping up domestic production is still going to fall far short of providing its current needs and is likely to be just as expensive as paying a greater price for imported oil.
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The price of oil is set by the market. A barrel of US crude costs the same as a barrel of OPEC crude.
 
aerocontrols said:
Running out of hydrocarbons is a problem that can be solved by nuclear power, in my view.

MattJ
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And when the bottom of the wells are within sight, I think it'll be amazing how many anti-nuke types now will suddenly embrace the technology.

ETA: Because the current system of enriching Middle East oil kleptotheocracies so they can fund terrorism aimed at killing as many of us as possible doesn't seem to be enough to prod them into acceptance. :(
 
a_unique_person said:
You asked for proof that the claims are wrong, the article claims no-one can be sure just what reserves we have. I think that the logical for step is for those claims to be audited by independent authorities.
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Indeed, until then one shouldn't talk about Peak Oil.
 
The thing about peak oil is that it doesn't just affect energy-related issues, many products that we depend on today are produced from oil, such as plastics.
 
WildCat said:
And when the bottom of the wells are within sight, I think it'll be amazing how many anti-nuke types now will suddenly embrace the technology.
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This is already happening, especially in the environmental movement. People who were once anti-nuclear power are now seeing it as the "least bad option". It's risky, but not as risky as building another generation of fossil-fuelled power stations given the twin nightmares of global warming and peak oil.
 
Grammatron said:
Indeed, until then one shouldn't talk about Peak Oil.
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Too late. Kitty is out of the bag. In another 12 months "peak oil" will be as well known as "global warming". The difference is that global warming took 30 years to go from dire warnings from the experts to globally-understood and accepted as real (accept for George W. Moron of course) and it only took 30 months for peak oil to do the same thing. And in the end, peak oil will bring about the end of the world as we know it before global warming does.
 
thaiboxerken said:
The thing about peak oil is that it doesn't just affect energy-related issues, many products that we depend on today are produced from oil, such as plastics.
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....pesticides, fertilisers, pharmaceuticals,....explosives,....

Pretty much everything we depend upon. When we come out the other end of this there is one idea that will finally be buried, that should have been buried a long time ago.

You cannot have endless limitless growth within the confines of a finite system.

I mean....you don't have to be Albert Einstein to know that this is true, but the whole of modern economics seems to be based on the fantasy that economic growth can continue forever. 500 million Chinese people, all driving cars and taking cheap flights to Thailand? I don't think so. But those 500 million Chinese people are entering the same world market that we live in. We are going to have to compete with them for what is left of a cake we've consumed the best half of already. And trying to rig the system economically or enforce our will militarily isn't going to work either. Not that it will stop the U.S. trying.....
 
JustGeoff said:
Too late. Kitty is out of the bag. In another 12 months "peak oil" will be as well known as "global warming". The difference is that global warming took 30 years to go from dire warnings from the experts to globally-understood and accepted as real (accept for George W. Moron of course) and it only took 30 months for peak oil to do the same thing. And in the end, peak oil will bring about the end of the world as we know it before global warming does.
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Yes, but the tinfoil hat industry will peak too. So not everyone's a loser.
 
JustGeoff said:
....pesticides, fertilisers, pharmaceuticals,....explosives,....

Pretty much everything we depend upon. When we come out the other end of this there is one idea that will finally be buried, that should have been buried a long time ago.

You cannot have endless limitless growth within the confines of a finite system.

I mean....you don't have to be Albert Einstein to know that this is true, but the whole of modern economics seems to be based on the fantasy that economic growth can continue forever. 500 million Chinese people, all driving cars and taking cheap flights to Thailand? I don't think so. But those 500 million Chinese people are entering the same world market that we live in. We are going to have to compete with them for what is left of a cake we've consumed the best half of already. And trying to rig the system economically or enforce our will militarily isn't going to work either. Not that it will stop the U.S. trying.....
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Yup, exactly how it happened in the past....except not.
 
a_unique_person said:
One should be talking about it, reassurences that the concept is not valid for now could be wrong, and there is very real evidence it is going to happen, if you check your current price at the petrol pump.
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I did check it, it's fine. It's fine if it's x2 what it is now, for me at least.
 
JustGeoff said:
Too late. Kitty is out of the bag. In another 12 months "peak oil" will be as well known as "global warming". The difference is that global warming took 30 years to go from dire warnings from the experts to globally-understood and accepted as real (accept for George W. Moron of course) and it only took 30 months for peak oil to do the same thing. And in the end, peak oil will bring about the end of the world as we know it before global warming does.
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An interesting re-write of istory.

It is closer to the truth to suggest that we have gone from dire warnings of a new ice age o dire warnings of anthropogenic global warming.

Note that 30 years ago they were saying there would be no oil around today. Keep saying it and one day it might come true.
 
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