by Flow » Fri 18 Nov 2005, 14:18:00
$this->bbcode_second_pass_quote('Taskforce_Unity', 'I') suggest Flow takes a look at my report released today:
http://www.peakoil.nl/images/ponlreport.pdf
I took a look at it and there are some good points in there.
The I was reading an article about that referenced this article and it pretty much ended there for me.
1) The Peak Oil Netherlands Foundation as formed in May 2005, so it is a whooping 6-7 months old. So offical as a title as PONF may sound, it is in reality nothing but another Peak Oil Doomer pushing his/her adjenda.
2) The author of this report is 20 years old. This is not to take away from the fact that 20 years can have their shit together so to speak, but at 20 years old - not even close to expert status on anything. Back when I was twenty, all I cared about was partying and getting laid. Now that I am older, I am a bit more focused on real life issues.
Now about the report. There are three basic assumptions that make up the report so to speak (when trying to refute the IEA projections):
1) The IEA used reports from the USGS to try to predict future oil supplies but they are both optimistic. Reply: Prove it otherwise with hard facts. CO2 injections alone, as I have suggested in a previous post, will cover the 730 billion barrel reserve growth projected in their reports. As far as new discoveries - no one can tell for sure, me included.
2) IEA assumes that production from existing fields can increase from the current max of 35%. Reply: CO2 injections raises the bar from 35% to almost 60% (average closer to 50% in reality).
3) IEA has high expectition for unconventional oils like the tar sands in Canada. Reply: I don't see why this is so hard for people to grasp. Alberta is currently producing oil from their tar sands as we speak and has project to raise production significantly. There is about 5 trillion barrels of unconventional oil in the world. How about this point. Heavy oils are hard to extract. So a heavy oil well is concidered exhausted when it hits about 10-20% extracted. VAPEX (vapor extraction) is a newer technology that will allow even more Heavy Oil to be extracted. Much like conventional oil extraction has slowly increased with technology (from 20% in the 80s to 35% to and close to 60% in the future with CO2 injections). And lets not forget about coal to oil production. There is another 2-4 trillion barrels of oil right there alone and this is not even mentioned in either the IEA or USGS reports.