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Peak Oil is still 5 to 10 years away

General discussions of the systemic, societal and civilisational effects of depletion.

Re: Peak Oil is still 5 to 10 years away

Unread postby Dezakin » Sun 11 Sep 2005, 23:20:50

$this->bbcode_second_pass_quote('', 'C')urrent administration doesn't seem to think so.

The current US executive administration is a bunch of fascist thugs who cant even properly plan the invasion of a tinpot dictatorship that had its military starved for a decade. I doubt severely that these powers that be can influence anything in any country more powerful than switzerland.
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Re: Peak Oil is still 5 to 10 years away

Unread postby Lehyina » Mon 12 Sep 2005, 09:18:01

$this->bbcode_second_pass_quote('NEOPO', 'N')ot trying to pick on you BUT!!!
"$this->bbcode_second_pass_quote('', 'I')ts a great pity the world's politicians cannot get their act together for Peak Oil the way they did to tackle the ozone hole. Guess its because Peak Oil is a much more intractable problem.

Yeah and we really "bandaged" up that ozone layer hole thing real good too!! :o

Its statements like that which help me realize just how screwed we really are.
Just F#$%!@# stop it will ya!! :o
I dont think I can stomach the thought if a giant global bandaid with a Johnsons and Johnsons label floating ominously above


I concede that the ozone hole is not yet fixed but it may finally be on the mend as a result of the world-wide action taken to stop the use of CFCs. Time will be the arbiter on that but it does illustrate a rare example of how the international community did manage to agree there was a problem that needed fixing and took concerted action. All I am suggesting (wishfully) is that if the same collective good sense had been applied to peak oil some 40 odd years ago when Hubbert was first raising the red flag we might now still have a fighting chance. But it didn't and the chance has probably been lost and therefore NEOPO you are probably safely correct in your doom and gloom.
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Re: Peak Oil is still 5 to 10 years away

Unread postby Raxozanne » Mon 12 Sep 2005, 09:25:05

$this->bbcode_second_pass_quote('Lehyina', '
')I concede that the ozone hole is not yet fixed but it may finally be on the mend as a result of the world-wide action taken to stop the use of CFCs. Time will be the arbiter on that but it does illustrate a rare example of how the international community did manage to agree there was a problem that needed fixing and took concerted action. All I am suggesting (wishfully) is that if the same collective good sense had been applied to peak oil some 40 odd years ago when Hubbert was first raising the red flag we might now still have a fighting chance. But it didn't and the chance has probably been lost and therefore NEOPO you are probably safely correct in your doom and gloom.


I take it you didn't read this article then:

$this->bbcode_second_pass_quote('', 'F')riday September 9 2005.
Hole in ozone layer growing to largest-ever size.
The hole in the ozone layer above the Antarctic this year is growing and is set to become the largest-ever size, the Japan Meteorological Agency said Friday.
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Re: Peak Oil is still 5 to 10 years away

Unread postby lightsout » Mon 12 Sep 2005, 09:29:18

hi folks, am new to the board. over the weekend I listened to the financial sense news hour with Jim Pulplava. Matt Savinar has been interviewed many times he had on some academic type by the name of Economides and he danced around the subject of peak oil. Because he is an industry insider and a proponent, after listening I am more convinced than ever that peak is imminent. www.financialsense.com
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Re: Peak Oil is still 5 to 10 years away

Unread postby Lehyina » Mon 12 Sep 2005, 09:47:15

$this->bbcode_second_pass_quote('Raxozanne', '
')
I take it you didn't read this article then:

$this->bbcode_second_pass_quote('', 'F')riday September 9 2005.
Hole in ozone layer growing to largest-ever size.
The hole in the ozone layer above the Antarctic this year is growing and is set to become the largest-ever size, the Japan Meteorological Agency said Friday.


Thankyou. No I hadn't but I have now. I have also read The Incredible Shrinking Ozone Hole
Fixed or unfixed the ozone hole is probably a secondaray issue anyway. The effects of global warming are probably unstoppable now and will doom us long before we get fried for lack of ozone.
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Re: Peak Oil is still 5 to 10 years away

Unread postby Lehyina » Mon 12 Sep 2005, 09:48:33

$this->bbcode_second_pass_quote('Raxozanne', '
')
I take it you didn't read this article then:

$this->bbcode_second_pass_quote('', 'F')riday September 9 2005.
Hole in ozone layer growing to largest-ever size.
The hole in the ozone layer above the Antarctic this year is growing and is set to become the largest-ever size, the Japan Meteorological Agency said Friday.


Thankyou. No I hadn't but I have now. I have also read The Incredible Shrinking Ozone Hole
Fixed or unfixed the ozone hole is probably a secondaray issue anyway. The effects of global warming are probably unstoppable now and will doom us long before we get fried for lack of ozone.
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Re: Peak Oil is still 5 to 10 years away

Unread postby FairMaiden » Mon 12 Sep 2005, 14:10:15

I suppose I have a different definition of Peak oil. I believe it is already here. We haven't had a MAJOR oil discovery in 3 yrs...that tell me we are already on the downward slope of the bell curve. Who cares about production? That is KNOWN oil - look around - there aren't alot of brand NEW sites being discovered - only old sites with more oil than expected. To me, PO is about the amount of oil - not the amount produced.
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Re: Peak Oil is still 5 to 10 years away

Unread postby rockdoc123 » Mon 12 Sep 2005, 23:25:03

$this->bbcode_second_pass_quote('', 'I') suppose I have a different definition of Peak oil. I believe it is already here. We haven't had a MAJOR oil discovery in 3 yrs...that tell me we are already on the downward slope of the bell curve. Who cares about production? That is KNOWN oil - look around - there aren't alot of brand NEW sites being discovered - only old sites with more oil than expected. To me, PO is about the amount of oil - not the amount produced.


There are a number of discoveries that have either not come on stream yet (Thunderhorse, Buzzard as an example) and others that still have not reached maximum potential (Shaybah, several fields in the Caspian as examples). So it is just not increases in production that CERA and IHS point to. Remember also that a lot of the reserves reported are P1 and P2...typically in younger fields there is considerable P3 that can be moved to P2 and eventally P3. Woodmac illustrates that production from the Caspian really ramps up in about 2010 and doesn't start to decline until 2015. Also IHS would argue with you about discovery rates....it is just that most of the discoveries are incres
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Re: Peak Oil is still 5 to 10 years away

Unread postby Cyrus » Mon 12 Sep 2005, 23:32:31

As someone said in another thread: why use the last 2% of the discoveries possible to continuously fuel this horrible paradigm?
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Re: Peak Oil is still 5 to 10 years away

Unread postby Lehyina » Tue 13 Sep 2005, 00:10:23

$this->bbcode_second_pass_quote('rockdoc123', '
')
$this->bbcode_second_pass_quote('', ' ')Remember also that a lot of the reserves reported are P1 and P2...typically in younger fields there is considerable P3 that can be moved to P2 and eventally P3.


This "considerable P3" is NOT going to close the gap between 30 Gb per year world consumption and current average annual discovery rates of way less than 10 Gb per year? Some extra exploration effort and reserve growth will buy some time in the same way that reduced consumption can buy some time to delay the day when oil production is permanently less than demand. But so what. This fixation about the peak oil date and whether its 1, 5 or 10 years away just obscures the bigger picture.
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Re: Peak Oil is still 5 to 10 years away

Unread postby Antimatter » Tue 13 Sep 2005, 00:54:10

Discoveries are actually more like 10-15Gb/year according to most sources, 2000 and 2001 were over 20Gb according to IHS. ASPO doesn't seem to give a source for there discovery figures post 2002.
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Re: Peak Oil is still 5 to 10 years away

Unread postby Lehyina » Tue 13 Sep 2005, 03:23:08

$this->bbcode_second_pass_quote('Antimatter', 'D')iscoveries are actually more like 10-15Gb/year according to most sources, 2000 and 2001 were over 20Gb according to IHS. ASPO doesn't seem to give a source for there discovery figures post 2002.


That's really excellent news. Means the gap is down to a mere 15Gb/year instead of 20+ Gb/yr :!:
By the way check to see whether the IHS figure is barrels of oil or barrels of oil equivalent (boe). Without being able to check your sources I don't know for sure but I suspect the number you quote is boe which means some of the volume is gas - whereas our discussion is about about oil.
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Re: Peak Oil is still 5 to 10 years away

Unread postby Antimatter » Tue 13 Sep 2005, 03:39:42

Nah, its liquids, includes natural gas liquids (NGL) but not gas. Does anyone know for sure if ASPO is including deepwater oil in their discovery estimates? That could explain the discrepancy.
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Re: Peak Oil is still 5 to 10 years away

Unread postby Lehyina » Tue 13 Sep 2005, 03:54:33

$this->bbcode_second_pass_quote('Antimatter', 'N')ah, its liquids, includes natural gas liquids (NGL) but not gas. Does anyone know for sure if ASPO is including deepwater oil in their discovery estimates? That could explain the discrepancy.


NGLs - fair enough. But this just highlights another uncertainty in the estimates of when peak oil will occur. There are uncertainties in the estimates of depletion rates, consumption rates AND discovery rates etc.
- so peak oil is still how many years away? :?
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Re: Peak Oil is still 5 to 10 years away

Unread postby peripato » Tue 13 Sep 2005, 04:55:01

$this->bbcode_second_pass_quote('Lehyina', '')$this->bbcode_second_pass_quote('Antimatter', 'N')ah, its liquids, includes natural gas liquids (NGL) but not gas. Does anyone know for sure if ASPO is including deepwater oil in their discovery estimates? That could explain the discrepancy.


NGLs - fair enough. But this just highlights another uncertainty in the estimates of when peak oil will occur. There are uncertainties in the estimates of depletion rates, consumption rates AND discovery rates etc.
- so peak oil is still how many years away? :?


Why don't you both go to the source instead of wringing your hands over this question? A cursory glance of the ASPO newsletter shows that it inlcudes both deepwater and NGL in its depletion profile estimates.
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Re: Peak Oil is still 5 to 10 years away

Unread postby aldente » Tue 13 Sep 2005, 06:10:38

Image

Runnaway global warming is likewise far away, just 100 to 200 years. Seems far away? Sure. Is it far away in the larger context, not so sure.
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Re: Peak Oil is still 5 to 10 years away

Unread postby Battle_Scarred_Galactico » Tue 13 Sep 2005, 06:22:55

Warming effects are on us now, no need to wait 100 years.
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Re: Peak Oil is still 5 to 10 years away

Unread postby Lehyina » Tue 13 Sep 2005, 06:25:41

$this->bbcode_second_pass_quote('', 'W')hy don't you both go to the source instead of wringing your hands over this question? A cursory glance of the ASPO newsletter shows that it inlcudes both deepwater and NGL in its depletion profile estimates.


peripato relax. The subject of this post is that "Peak Oil is still 5 to 10 years away". Since you have obviously read THE SOURCE very well perhaps you could offer an opinion as to whether 5 to 10 years is right or wrong.
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Re: Peak Oil is still 5 to 10 years away

Unread postby Lehyina » Tue 13 Sep 2005, 06:31:04

$this->bbcode_second_pass_quote('albente', '
')Runnaway global warming is likewise far away, just 100 to 200 years. Seems far away? Sure. Is it far away in the larger context, not so sure.


How long is it going to take before the arctic tundra begins burping its stored methane, which will lead to unstoppable positive feedback?
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Re: Peak Oil is still 5 to 10 years away

Unread postby mermaid » Tue 13 Sep 2005, 06:46:23

by that time is the world population also about 9 or 10 billion, and all "need"oil to survive....


i think we should not wait 'till then, the first signs of running out are visible and why wait for the Peak? one day after Peakoil is the day none can afford to buy oil, and were do we leave all the cars we have now in this world? leaving them on the street will also be a environmental disaster, and melting the steel and recycling the tires and plastics then is impossible because there's no energy to do it!!!
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