by lsu2001 » Sun 25 May 2008, 22:43:53
$this->bbcode_second_pass_quote('HarMegiddo', 'H')ow long does it take to get past the NEWB label?
Let me share my thoughts a little on our global oil problems and see it anyone cares to make comments. Perhaps the main reason we have problems is that there is more demand than there is supply. We don't have the supply because the crude still underground on our planet is not available due to many reasons, among them being environmental, political, geographical, philosophical, and (maybe) religious. (Not intended as an exhaustive list.) So, until we can overcome the opposition to increasing supply, we will be faced with a future doomsday scenario, hence my nickname, Har Megiddo, Hebrew for Armageddon.
First off Welcome to PO.com. I have been reading this forum for about 3 years and I don't post often but I do want to welcome you and respond to your post.
The main reason you neglected to mention is geological, The US peaked in the 70's and it appears that the rest of the world peaked in about 2005-2006. Light sweet crude is getting much harder to find and produce and in my uninformed opinion it has started a rather steep decline. See Dante's Peak diesel thread and you will start to get an idea that all crude is not created equally.
I live in Louisiana which is an oil producing state and I will tell you that for the last year or so the oil companies have been drilling holes anywhere they can find to drill. Much of this is natural gas drilling but they are drilling like mad. I just can't buy the argument that all we need to do is drill more, my first hand observations are showing me that more drilling will not stop the slide.
It is not the strongest of species that survive, nor the most intelligent, but the ones most responsive to change.
Charles Darwin