[coyote]

{Title edited for clarity by MQ}

Scaring people about energy

$this->bbcode_second_pass_quote('Alan Caruba', 'H')is book [A Thousand Barrels A Second by Peter Tertazkian] is devoted to the concept of “peak oil”, that indeterminate day when the world’s known reserves of oil begin to decrease and the view that there will be few others to replace them.

That is a fallacy. On at least five occasions in the past, the world has been informed that it was running out of oil...

[Colorado-Valley]

Hey, we run an entire government here in the U.S. on "public relations."

Works pretty well, doesn't it?

[savethehumans]

$this->bbcode_second_pass_quote('', 'W')orks pretty well, doesn't it?

[Longsword]

This is what always gets me -if the problem isn't immediate, there is no need to solve it -screw the future generations! We won't change a thing!

Of course we could find 10 trillion new barrels tomorrow, slim as that chance might be, the question is, do we really want to risk it?

[Doly]

$this->bbcode_second_pass_quote('coyote', 'T')urns out Alan Caruba is a 'Public Relations Counselor,' whatever that is.

[seldom_seen]

$this->bbcode_second_pass_quote('Longsword', 'O')f course we could find 10 trillion new barrels tomorrow, slim as that chance might be, the question is, do we really want to risk it?

[NeoPeasant]

$this->bbcode_second_pass_quote('Doly', '')$this->bbcode_second_pass_quote('coyote', 'T')urns out Alan Caruba is a 'Public Relations Counselor,' whatever that is.

[Daculling]

$this->bbcode_second_pass_quote('NeoPeasant', '
')It's not what they believe, it's what they consider in their own best interests to have you believe. Why is corporate America paying (excuse me - donating to ) propaganda organizations to ridicule peak oil?

[dub_scratch]

$this->bbcode_second_pass_quote('Daculling', '
')Recognition of peak oil means the end of exponential corporate profits and the impoverishment of their customers. Who invests in in zero or negative return?

[markam]

Neocon idiots like that guy will be in for a world of hurt when they find out that spewing bile will not magically create oil or fuel the American military monstrosity.

[Eli]

This guy is whistling in the breeze.

We have hit peak oil.

When world oil prices rise and fall because of Nigeria or because Chavez gives a speech we know we have reached the peak. Granted Nigeria is a real problem but now since there is no spare capacity any supply problem is magnified beyond what it would have been in the past.

New technology like deep-water wells will help some, but they are not going to be orderly wise investments to get more oil. The use of new technology is going to be more like a mad dash to get anything we can.

[Zoe]

Has anyone read The Wall Street Journal article of Saturday 2/18 re. the Lease Sale 181 Area in the Gulf of Mexico that the Senate Energy Committee is trying to open? (Wall St. Jnl says "pushing to open")

Sen. P. Domeneci predicts the area contains as much as 13 billion barrels of oil and six trillion cubic feet of natural gas. At the current US consumption about 21 million barrels per day how much would this additional amount influence the various timings current Peak Oil predictions?? How many years would it add? Can anyone comment? Why hasn't this been more widely commented on?

[TheTurtle]

$this->bbcode_second_pass_quote('Zoe', ' ')

Sen. P. Domeneci predicts the area contains as much as 13 billion barrels of oil and six trillion cubic feet of natural gas. At the current US consumption about 21 million barrels per day how much would this additional amount influence the various timings current Peak Oil predictions?? How many years would it add? Can anyone comment? Why hasn't this been more widely commented on?

[backstop]

Zoe -

13 Bn bbls of oil may or may not be the recoverable amount from this reserve -

IF it were all recoverable, then, divided just by the present use of 84m bbls/day,

it would meet global usage for just 155 days.

On top of which, there is the significant factor of the GOM's growing risk of hurricanes causing massive shutdowns and equipment losses.

One of the problems for the oil industry is that as oil reserves diminish, they get increasingly difficult (costly) to extract, and this is compounded by oil-price rises escalating plant, equipment and labour costs.

Which adds to Big Oil's reasoning for quietly withdrawing from fields in decline (such as the North Sea) and to a decline of exploration budgets in favour of large dividends to shareholders.

regards,

Backstop

[converse]

Turtle-

You are right- current US nat gas consumption is about 20 trillion CF per year.

Cheers.

[tsakach]

$this->bbcode_second_pass_quote('Alan Caruba', 'I')f our political leaders don’t know the difference, if they continue to blather about "global warming" and "energy independence", then we all need to worry that our grandchildren could be back to lighting their homes with whale oil or kerosene.

[alecifel]

Just for grins.. here is a definition of a "Public Relations Counselor" from a major PRC firm.

How the Public Relations Counselor Serves Management

In the difficult task of managing an enterprise today, professional public relations counseling can significantly assist senior executives....

Each situation is different. There is no “standard” answer... no “standard” solution...

...Sometimes, the problem is relatively simple: a company or organization has served the public interest well, but its good actions are unknown to those whose support is needed. In such a case, we develop an appropriate communications program to tell the organization's positive accomplishments in an effective way.

(Excerpts from a monograph prepared by the Public Relations Society of America)

OH, I got it. A spin doctor!

I'd like to ask Mr. Caruba, how many geologists he has discovered who support the claim of his article.