[NoWorries]

But Leo Drollas, who leads oil and gas market analysis and forecasting at the Center for Global Energy Studies in London, said there are plenty of supplies and no looming crisis. He said the report sounds like "scaremongering."

Drollas says production could still slow one day, but only because new reserves will be considered too difficult or expensive to extract.

"Oil could be left in the ground and we could move on to another fuel in the future, not because we're running out of oil but because, economically speaking, it is not worth extracting the oil," Drollas said.

http://edition.cnn.com/2007/BUSINESS/10/24/oil.decline/

According to this CNN item, there is no looming oil crisis in oil future. Rather, we will simply "move on" to other fuel sources, and oil will become irrelvant.

The CGESL is a pretty serious outfit -- Any idea how they come up with this cheery scenario? I've read other items like this recently, poo-pooing any talk of Peak Oil, saying it's a myth. And they're coming from serious institutions too.

I'm new to this debate, and I'm just trying to understand how intelligent, informed sources can hold such diametrically opposed viewpoints.

[gnm]

Production has slowed...

What "new fuel source" are they proposing we move on too pray tell...

-G

[Serial_Worrier]

Suuuuuuuure. Nothing to worry about. I've got a bridge in the desert to sell you too. Must be an oil industry shill.

[Iaato]

$this->bbcode_second_pass_quote('NoWorries', '"')Oil could be left in the ground and we could move on to another fuel in the future, not because we're running out of oil but because, economically speaking, it is not worth extracting the oil," Drollas said.

[aflurry]

$this->bbcode_second_pass_quote('NoWorries', '
')Drollas says production could still slow one day, but only because new reserves will be considered too difficult or expensive to extract.

"Oil could be left in the ground and we could move on to another fuel in the future, not because we're running out of oil but because, economically speaking, it is not worth extracting the oil," Drollas said.

[Schadenfreude]

$this->bbcode_second_pass_quote('NoWorries', '.')..I'm new to this debate, and I'm just trying to understand how intelligent, informed sources can hold such diametrically opposed viewpoints.

[ROCKMAN]

Actually Drollas says little that is not true. I would question his characterzation of the "scaremongering" statements but he is correct...we have ample supplies TODAY. "Ample" meaning, of course, that if you have the money there's energy to purchase. And eventually oil extraction will become so expensive we'll resort to other energy sources (WHENEVER that may happen).

I feel that's why egomaniacs like this get airtime. They avoid the details, make obvious but misleading incomplete statements and then tries to draw those who truly do understand PO into debates over semantics. The media loves these guys because they cause confusion and, unfortunately, a confused public often looks to the media for clarification. And that's what advertizers pay the big bucks for: viewership.

[Serial_Worrier]

$this->bbcode_second_pass_quote('Schadenfreude', '')$this->bbcode_second_pass_quote('NoWorries', '.')..I'm new to this debate, and I'm just trying to understand how intelligent, informed sources can hold such diametrically opposed viewpoints.

[socrates1fan]

I am not an expert but I do have common sense.
A little research makes this arguement utter bogus.
The world will not end in my opinion but the idea that we don't have to worry harms us more than helps us.
Its like telling yourself your going to be okay instead of patching yourself up and your in the middle of the forest and bleeding to death.
Even if the arguement that we have twenty or thirty years is true then what the hell are we going to do after those years are up?
We can't all magically float off of gas and onto ethanol or solar power.
That kind of fuel should be saved for electricity and water.
If we lived the life we did now on ethanol(and solar would not be able to supply the demand.) then there would not be enough food.
Even though ethanol is made of corn and I know many backward conservative politicians use this arguement but corn is the basic feed for livestock that supplies us with dairy to meat and eggs.
If they disagree so much why don't they tell that to the people paying 10 bucks a gallon in Europe or 4 bucks a gallon here in the US?

[Schadenfreude]

$this->bbcode_second_pass_quote('Serial_Worrier', '')$this->bbcode_second_pass_quote('Schadenfreude', '')$this->bbcode_second_pass_quote('NoWorries', '.')..I'm new to this debate, and I'm just trying to understand how intelligent, informed sources can hold such diametrically opposed viewpoints.

[MD]

$this->bbcode_second_pass_quote('Schadenfreude', '
')
I warn you. Don't even express an interest in technology solutions lest you be ostracized and shunned!!

YOU HAVE BEEN WARNED!!

[Twilight]

$this->bbcode_second_pass_quote('NoWorries', 'I')'m new to this debate, and I'm just trying to understand how intelligent, informed sources can hold such diametrically opposed viewpoints.

[Serial_Worrier]

$this->bbcode_second_pass_quote('Twilight', '')$this->bbcode_second_pass_quote('NoWorries', 'I')'m new to this debate, and I'm just trying to understand how intelligent, informed sources can hold such diametrically opposed viewpoints.

[Twilight]

$this->bbcode_second_pass_quote('Serial_Worrier', 'W')ell, what is the "something else"? I'd say solar has to be a huge component, but nobody's pushing for it.

[TheDude]

Another think tank. £1200.00 for a subscription to their newsletter.

$this->bbcode_second_pass_quote('ROCKMAN', 'A')ctually Drollas says little that is not true. I would question his characterzation of the "scaremongering" statements but he is correct...we have ample supplies TODAY. "Ample" meaning, of course, that if you have the money there's energy to purchase. And eventually oil extraction will become so expensive we'll resort to other energy sources (WHENEVER that may happen).

[Serial_Worrier]

BTW, all those little "out of the way" trips to retail will be eliminated shortly. Everyone I know is combining trips to save gas. Also lowering the thermostat, and driving more fuel-efficient vehicles.

[CrudeAwakening]

$this->bbcode_second_pass_quote('', '
')Drollas says production could still slow one day, but only because new reserves will be considered too difficult or expensive to extract.

"Oil could be left in the ground and we could move on to another fuel in the future, not because we're running out of oil but because, economically speaking, it is not worth extracting the oil," Drollas said.

[copious.abundance]

Dated November 8, 2007
$this->bbcode_second_pass_quote('NoWorries', '[')url]http://edition.cnn.com/2007/BUSINESS/10/24/oil.decline/[/url]
$this->bbcode_second_pass_quote('', '<')/div>The world has reached the point of maximum oil output and production levels will halve by 2030 -- a situation that will eventually lead to war and disaster, a report claims.

The German-based Energy Watch Group released a report Tuesday saying the world's oil production peaked in 2006 and from now on will drop by around 3 percent a year.

[TheDude]

And yet...

[copious.abundance]

$this->bbcode_second_pass_quote('TheDude', 'A')nd yet...