Peak Oil is You
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Page added on August 13, 2017
‘Oil is not forever’
While presiding over the monthly meeting of the Organization of Petroleum Exporting Countries in Stockholm, Sweden, in December, 1986, Shiek Ahmed Zaki Yamani, oil minister of Saudi Arabia, then the cartel’s president, told the stunned oil-consuming world:
“Oil is not forever. You have just seen the end of cheap oil.”
Three days after that ominous warning, the price of crude oil in the world market spurted from $12.70 to $18.00 per barrel. From then on the price of the black gold has not stopped soaring.
The reality that was sparked by OPEC 34 years ago is still hounding not only consumers but energy producers as well, making the entire energy industry constantly shudder in fear.
The oil-consuming world responded with their first line of defense – sensible conservation in the use of the commodity. And, second, exploring all possible cheaper oil alternatives.
With the expected drying up of the Middle East oil fields, what significant strides has the local energy sector done to develop cheaper and readily available fuel substitutes?
Which brings us to unavoidable bigger issues which face the Philippine energy industry.
First of all, the energy industry clearly lacks fuel alternatives. Most power plants are fuelled by oil, or liquid condensate, which are high-priced. Few generation plants offer cheaper alternatives like natural gas.
The energy sector needs to work together to promote a more diverse and balanced energy mix through power generation plants powered by natural gas facilities, coal, and renewable energy.
The increase in power rates is just the tip of the iceberg. The energy sector needs to be united in mapping out the future of energy sources in the country.
Businesses, and the economy, will suffer immensely if power shortages caused by incidents such as the Malampaya shutdown are not immediately addressed.
Power/electricity is a key unifying element in all major industries. It drives the economy and should take priority in development and access for the growth of the country.
The instability of our current power plants continues to worsen and is starting to affect the Luzon grid.
As a country that’s rich in natural resources, we have a huge, untapped reserve of natural gas resources.
The major energy sources that the RP can look into are solar/renewable energy, natural gas, hydropower, and geothermal energy.
The energy sector needs to encourage investments for varied energy sources to secure the future of energy supply in the country.
15 Comments on "‘Oil is not forever’"
rockman on Sun, 13th Aug 2017 6:23 pm
Wow! Things don’t look great in the Philippines. Oh well, back to America’s Funniest Home Videos.
Makati1 on Sun, 13th Aug 2017 6:41 pm
rockman, there is nothing new here. He is just saying what has been fact for years. However, does he have a $$$ interest in the energy industry? Maybe. Maybe he was paid for this article that seems to paint the Ps in some negative way. Have you noticed the increase in negative ‘news’ from the Ps lately, like after the new prez called Obama the son of a whore and turned to Russia and China for friendship and perhaps military support? I did.
Yes, we have had a few black outs, but mostly during storms and never for more than 10 hours during a typhoon. My sister has lost her electric for days in the winter after a bad storm. That is common in snow areas of the US.
“Long reliant on fossil fuels, The Philippines now meets over a third of its energy needs through renewable sources.”
Electric here is about $0.20 per kWh.
“”I’m very proud to say that since we passed the law in 2008, from what used to be just 22 renewable energy projects, we now have 406 projects, either already built or being constructed,” he says.”
https://www.cnbc.com/2016/08/09/the-philippines-renewable-energy-sector-is-booming-and-it-could-get-bigger.html
I think the Ps is in much better shape than the U$, energy wise.
bobinget on Sun, 13th Aug 2017 9:08 pm
Wayne Geffen @WayneGeff 4m4 minutes ago
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*CHINA JULY CRUDE OUTPUT DOWN 2.9% Y/Y TO 16.25M TONS #OOTT
MASTERMIND on Sun, 13th Aug 2017 10:00 pm
Makati1
Just remember after the economic collapse due to oil shortages. You can run but you can’t hide! Remember me!
Makati1 on Sun, 13th Aug 2017 11:05 pm
MM, Run where? Why? I plan to be safe on the farm with no reason to go anywhere. I can walk to the fishing village if I want to. Manila is 100+ miles away and across a mountain chain. The TWO roads that connect the farm area from the rest of the Ps will be closed after the first hard rain when the landslides wash them out.
Pioneers had no local Walmart to visit when they wanted supplies. They made them or grew them or did without. That is my plan for the rest of my life, be it one year or 20. Skills and good neighbors are all you need. AND a climate that allows crops all year round with plenty of rain.
Oil shortages will not affect the PS as much as it will the U$. The U$ uses more than 2 GALLONS of oil per day, per person vs the Ps uses less than 1 PINT per person, per day. ( Ps = 86.1M bbls TOTAL for 2016)
http://www.manilatimes.net/ph-2016-oil-import-bill-13-5/317156/
Not that I expect the collapse to go that far. Just enough to level the playing field for ALL of the 7.6B of us humans. But, I am prepared for the worse. Are you?
MASTERMIND on Sun, 13th Aug 2017 11:20 pm
Makati1
After the economic collapse the nuke plants will all meltdown and it will be an extinction event. why? Because when every corporation and company goes bankrupt. will you sit around and work the night shift to make sure the plant doesn’t melt down? And good luck defending a farm with the rule of law in tact. its like defending a castle with no walls or moat around you. Try being a homesteader in a place like Syria. You wouldn’t last a week.
MASTERMIND on Sun, 13th Aug 2017 11:26 pm
Makati1
Run where? Why?
That depends on where you live I have no clue so i can’t answer that question. but as to Why? i would argue because the zombies will want food,shelter,woman,guns, etc. And if you hoard anything you will become an easy target. And please don’t take this the wrong way but Asian people tend to be teeny tiny, small penis people. So I doubt you will be able to pull off a great defense against hoards of starving people.
Makati1 on Sun, 13th Aug 2017 11:45 pm
MM, you are obviously of the mindset that the same conditions will exist everywhere in the world. Not so. Cultures (something the US doe NOT have) vary and many are much more sharing and supporting than others. I will take my chances with an Asian way before I would with an American any day.
You ASSUME too much about conditions in places you likely never have seen or lived in. Tell me different. Have YOU personally lived in ASIA? Lived, not been a tourist for a few days or weeks. If so when? If not in the last 10-15 years, you have no idea what it is like here. Not a clue. Just U$ propaganda.
And as for nuke plants? There isn’t any in the PS or even close. The closest is about 700 miles away in China which happens to be in another wind pattern most of the year. The prevailing winds here are from the NW Pacific Ocean or the SE Indian Ocean. You should be more interested in the 100 U$ nuke plants. If they all go, the whole human race will die a slow, painful death.
BTW: what does penis size have to do with ANYTHING here? Are you a sex addict? I think you just gave away your mindset in regards to Asians. LOL
Makati1 on Mon, 14th Aug 2017 1:31 am
Ooops! I meant… “from the NE Pacific or SW Indian Ocean.”
If you are interested…
https://earth.nullschool.net/
Davy on Mon, 14th Aug 2017 5:37 am
Makat, Manila is 100mi away and it is 20MIL people. They will swarm over your little farm like locust. There is nothing going to stop then not mountains, landslides, and rain. The big issue is if your lazy ass will got out of Manila before the crash. I doubt it. You are pushing 80 so you won’t be tending crops. When you and your young workers get hunger as you will inevitably, they will likely turn on you for stew meat.
Oil shortages are going to make you overpopulated underfed country a wreck as it did a decade ago when there was just a small hint of a rice shortage. Makat, you are in the same boat everyone else is in. You are facing hard times and you are old without family. That is another 3 strikes you are out dumbass thing.
Makati1 on Mon, 14th Aug 2017 6:30 am
Davy,you have no idea what you are talking about. Your numbers are pure fiction as are your ideas. Your fear of the coming collapse in the US is making you paranoid. You should be afraid. You already live in an insane society where the spread of drugs and terrorism is fast approaching the end of the American dream of a safe, happy future.
The people in Manila will just return to their family lands for the most part. The millions of foreigners will return to their countries as things turn down. I’ll be a weeks walking distance from the city by then. Not that many would come east, over the sparsely settled mountains, when the richer neighborhoods are south of Manila and can be reached by a nice flat highway.
You need to do some heavy research on the Philippines of today. Not some ancient ideas you may have formed in your spoiled youth. Or, the current propaganda spewed out by your masters in DC. I am free. You will NEVER be.
Davy on Mon, 14th Aug 2017 6:45 am
Obviously I do and you know it or you would ignore me. You are screwed too makat. It is worse for you because you are an old man living on a small stipend in a country with no family. Case closed you are screwed, blued, and tattooed. You can blah, blah all you like makat. But your refuge is subject to an overwhelming amount of people leaving the mega population center of greater Manila.
This area has 20MIL people. I too have issues. St Louis has 2MIL but it has a huge area around it for people to depopulate into. It is also 10 times smaller. We are both 100 mi or so from big populations, yet, my farm is real and yours is a fantasy. Your greater Manila is an island and much of this area you speak of is mountainous. This makes it even worse for you because they will go to places like your fantasy farm.
This map explains it al makat. Read it and weep. Oh I know you will call this ministry of propaganda material. LMFAO
http://tinyurl.com/yc8ehp9q
Makati1 on Mon, 14th Aug 2017 7:36 am
No Davy, you do NOT know. you never will know. You have not the capacity to have an open mind and give any subject rational thought. It hurts too much.
I will be enjoying life long after the U$ goes down the tubes. You have ZERO knowledge of my situation or resources. None. Only warped guesses. I would be a fool to publish them on the U$ listening post called the internet. So, you, nor anyone else here will ever know their extent. But, they are sufficient for my needs.
My farm is real, Davy. YOURS is fantasy. Prove you own one. Prove you even live in Missouri. Prove that you have a family. Prove that you are even an adult. You cannot do it.
BTW: When I looked at that site, I got this message from McAfee: “We tested this page and blocked content that comes from potentially dangerous sites.” Propaganda? Maybe, but not important. Keep in mind that the US imports 20+% of its food and the new climate may make it 50% before long. Look at the Dakotas, California, etc.
Weep? Why? so far the only thing you have done is rant and pretend you know what will happen to me. Wishful thinking on your part maybe? But, I know better. I know the area, the people and the likely future here, You don’t and never will. You are trapped in a dying country. Even if the collapse doesn’t come for years, you will still be sliding down the ladder to the 3rd world or worse. I will not. Enjoy your day. LMAO
MASTERMIND on Mon, 14th Aug 2017 8:16 am
Makati1
You can prepare for a last stand. But the keyword is ‘last’. You can not prepare for resource scarcity.
Davy on Mon, 14th Aug 2017 8:23 am
LMFAO, again. makat, I know when I got you and that is when you ramble on like a child. Poor old man his bubble of delusion is popping.