[Plantagenet]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('jawagord', '
')
The mistake these reports all make is to assume the rest of the world is the same Economically and Politically as Europe/USA. The energy transitions fantasies that rich countries can indulge in by borrowing huge sums of money to subsidize unreliable wind and solar are not available to poor countries.

[AdamB]

$this->bbcode_second_pass_quote('Plantagenet', '
')Look for global CO2 emissions to continue to rise, global warming to intensify, and global heat waves, droughts, floods, superstorms, forest fires etc etc. all to continue to get worse and worse.

Cheers!

[mousepad]

$this->bbcode_second_pass_quote('Plantagenet', '
')All the third world countries are continuing to build coal-fired power plants. So does China. So does India. So does Germany, for that matter.

[jato0072]

$this->bbcode_second_pass_quote('', 'S')trange. Don't we have a shitload of un-biased university and gov studies clearly showing that wind/solar is WAY cheaper than coal?

[AdamB]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('Plantagenet', '
')All the third world countries are continuing to build coal-fired power plants. So does China. So does India. So does Germany, for that matter.

[theluckycountry]

$this->bbcode_second_pass_quote('mousepad', 'D')on't we have a shitload of un-biased university and gov studies clearly showing that wind/solar is WAY cheaper than coal?

[jato0072]

$this->bbcode_second_pass_quote('', 'A') report by the International Energy Agency (IEA) estimates that China manufactures over 80% of all solar cells and assembled solar panels. The country produces virtually all the wafers used for solar panels.

[theluckycountry]

"The China Price" it's an eyeopener what they do to keep the prices down, eventually though...

[theluckycountry]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('theluckycountry', '
')
Very true very true. makes you wonder what those Billions think when they see the twaddle on TV. Even in villages of the third world there are lots of TVs, but huts and shanties covered in solar panels?

[theluckycountry]

Peak oil and the low-carbon energy transition: A net-energy perspective

$this->bbcode_second_pass_quote('', 'A')bstract

Since the Pennsylvania oil rush of 1859, petroleum has quickly become the dominant fuel of industrial society. The “Peak Oil” debate focused on whether or not there was an impending production crunch of cheap oil, and whilst there have been no shortages across the globe, a shift from conventional to unconventional oil liquids has occurred.

One aspect of this shift was not fully explored in previous discussions, although of some importance in a low-carbon energy transition context ie: the extent to which the net-energy supply of oil products is affected by the use of lower quality energy sources. To fill this gap, this paper incorporates standard EROI (energy-return-on-investment) estimates and dynamic decline functions in the Global Shift all-liquids bottom-up model on a global scale. We determine the energy necessary for the production of oil liquids (including direct and indirect energy costs) to represent today 15.5% of the energy production of oil liquids, and growing at an exponential rate: by 2050, a proportion equivalent to half of the gross energy output will be engulfed in its own production.

Our findings thus question the feasibility of a global and fast low-carbon energy transition. We therefore suggest an urgent return of the peak oil debate, but including net-energy issues and avoiding a narrow focus on ‘peak supply’ vs ‘peak demand’.

Introduction

Today, oil is a critical supply chain component for 90% of all industrially manufactured products [1]; as such, it is the backbone of industrial civilization. Its large range of strategic advantages...

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')But more and more oil is being used to get more and more oil out of the ground as the fields deplete (obvious 101).

[theluckycountry]

What are you doing down on this thread Adam? It's a bit past your pay grade mate. Best stick to things you have a feel for, like old EV's with degraded batteries. I saw from one of kubs quotes that you own a leaf, a leaf lol lol. You know I looked into them years ago, the real world battery life was the killer of them, like with all EV. Ugly little pus boxes, thankfully though I saw through to BS.

[careinke]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('theluckycountry', '
')But more and more oil is being used to get more and more oil out of the ground as the fields deplete (obvious 101).

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('AdamB', '
')
I can vouch for scientists at CSIRO I've worked with in the past

[theluckycountry]

This should kick the rapid transition along a bit

The World’s Biggest Gas Reservoir Is At A Tipping Point

$this->bbcode_second_pass_quote('', 'I')ran is embarking on a US$70 billion investment programme of measures to attempt to halt a dramatic decline in output from its crucial South Pars gas field. A failure to do so will result in the loss of 40 percent of the country’s petrol output from the Persian Gulf Star gas condensate refinery, and the addition of up to US$12 billion a year of petrochemical costs, according to Iranian Gas Institute forecasts.

“South Pars’ gas output provides nearly 80 percent of the our [Iran’s] total gas production, so it is vital to all segments of business and society that this does not drop significantly,” a senior energy industry source who works closely with Islamic Republic’s Petroleum Ministry exclusively told OilPrice.com last week.

...Given the size and scope of Phase 11, it became a focal point of Washington’s attention in the aftermath of the withdrawal, and it put the French under extreme pressure to pull out of the project. Under the terms of the contract, CNPC then took charge and little progress has been made since then.

This provides a microcosm of what has happened to Iran’s oil and gas sector since then. The key problem in the substitution of leading Western oil and gas firms with Chinese ones has been that the latter lack the latest technology available to the former. The same is now true of Russian oil and gas firms which have been denied much of the same technology through various sanctions since it invaded Ukraine’s Crimea region in 2014. According to assessments from Iran’s own National Development Fund, the country’s gas production will fall by at least 25 percent within the next 10 years due to falling pressure in the fields, with South Pars seeing a 30 percent decline.

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', 'W')hat are you doing down on this thread Adam?

[AdamB]

$this->bbcode_second_pass_quote('careinke', '
')Adam do you flare off the gas?? If so, you could turn that energy into money>
PEACE

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Adam can vouch for the scientists at the CSIRO

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')Common sense says that 60 or 70 years ago when they first became aware of this depletion phenomena (King Hubbert) plans should have been drawn up to limit the extraction and use of it.

[theluckycountry]

From Oilprice.com

Exxon Joins OPEC in Warning of Looming Oil Supply Crisis

$this->bbcode_second_pass_quote('', ' ')Exxon predicts a future oil shortage if investment in new production doesn't increase, despite forecasts of declining demand due to electric vehicles.
The company argues a rapid decline in production, especially from unconventional sources like shale, could lead to severe energy shortages and price hikes.