"peak oil in 40 years"

by **SoothSayer** » Wed 31 May 2006, 07:59:51

Article discusses peak Oil: Link

Peak oil
In respect of proven reserves, Peak oil is not far away. Numbers vary but, on average, it is said that the peak will occur in about 40 years from now.

This peak could be postponed by 3 things:

1. Finding new reserves - which is becoming increasingly more difficult.

2. A rise in the recovery factory: rise in production. Only 30% of present oil is currently being produced; because of technical reasons, the rest remains below ground. Aramco recently claimed to have developed the technology to raise the recovery factor to 70%.

3. Substitution. Another aspect of technical development is that people are now able to create oil and ethanol (which can be mixed with regular fuel) from sugar, grain and palm oil. This development has already resulted in extreme price increases in these commodity classes.

by **Doly** » Wed 31 May 2006, 08:01:35

In respect of proven reserves, Peak oil is not far away. Numbers vary but, on average, it is said that the peak will occur in about 40 years from now.

And when was this written?

by **Lighthouse** » Wed 31 May 2006, 08:03:59

$this->bbcode_second_pass_quote('Doly', '[')i]In respect of proven reserves, Peak oil is not far away. Numbers vary but, on average, it is said that the peak will occur in about 40 years from now.

And when was this written?

by **Battle_Scarred_Galactico** » Wed 31 May 2006, 08:28:34

Poor dears, I think they're getting confused bless them.

40 years was the predicted "out of oil" date, as in, gone. A prediction which didn't take into account rising population/demand, or depletion in supply.

Try again.

by **mekrob** » Wed 31 May 2006, 08:55:29

Or taking time to look up what 'peak oil' actually means.

by **Zardoz** » Wed 31 May 2006, 09:13:04

Consider the source. These people know what is going to happen to them when the oil age grinds to a halt. You can't blame the author for wishing and hoping that the end is far off in the future.

by **grabby** » Wed 31 May 2006, 09:14:08

Maybe if we buy '67 Mustangs, we can relive the old days and pretend peak oil is i the future.
Hothing like a good pony car to forget about our oil worries, until I fill up that is.
I think oil was 19 cents a gallon in 1967.
Check your change in your pocket , you still have some 1967 dimes and pennies and quarters in your pocket, the very same quarter that bought 1 1/2 gallons of gas in 1967 when it was first minted.
Now THAT's inflation!

oh I get it, in 1967 was the PEAK :

$this->bbcode_second_pass_quote('peak discovery article', '
')Global oil discoveries peaked in the 1960s but are rapidly declining as oil becomes harder to find. Today there is a growing gap between oil discovery and production.

by **Revi** » Wed 31 May 2006, 09:19:52

Peak oil is just about on schedule. 1967-2007 is...40 years. Where are we now? It looks like the peak to me. The world hasn't been able to crack 85 million barrels per day for the past couple of years. The price has skyrocketed from $20 to $75 a barrel in the past few years. If this isn't quite the peak, we're close.

by **directinfo** » Wed 31 May 2006, 09:30:16

$this->bbcode_second_pass_quote('SoothSayer', 'A')rticle discusses peak Oil: Link

... (snip)

3. Substitution. Another aspect of technical development is that people are now able to create oil and ethanol (which can be mixed with regular fuel) from sugar, grain and palm oil. This development has already resulted in extreme price increases in these commodity classes. [/i]

by **Sleepybag** » Wed 31 May 2006, 09:52:31

What about this quote from the article:

$this->bbcode_second_pass_quote('Oil: black gold', 'O')il is a finite resource and, although people in the know say that a global peak in oil production is imminent, I would remind you that this does not necessarily mean that oil prices will continue to rise.

by **SoothSayer** » Wed 31 May 2006, 10:29:04

You've spotted the internal inconsistency in the article:

One section says that the peak is in 40 years and the other says it "imminent".

Oops!

by **EnergySpin** » Thu 01 Jun 2006, 04:18:34

It all depends on the precise definition of "year".
By year we usually mean the amount it takes for a celestial body to complete its rotation around the sun.
IIRC it takes 27 days for the sun to complete a rotation around itself.
Since the author did not say "earth years", but he did say imminent it is safe to conclude he was referring to "sun years". So the peak date is 40 x 27 earth days = 1080 earth days = 3.04 earth years.
Elementary Dear Watchon :-D

by **Quigley** » Thu 01 Jun 2006, 06:50:15

$this->bbcode_second_pass_quote('Lighthouse', '')$this->bbcode_second_pass_quote('Doly', '[')i]In respect of proven reserves, Peak oil is not far away. Numbers vary but, on average, it is said that the peak will occur in about 40 years from now.

And when was this written?

by **Revi** » Thu 01 Jun 2006, 11:39:52

I wish peak oil was 40 years away.

by **kam30en** » Thu 01 Jun 2006, 13:48:25

I think what they meant was 40 days.

by **julianj** » Fri 02 Jun 2006, 11:08:56

I think they missed off the L as in LAMEinfo

"peak oil in 40 years"

"peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Re: "peak oil in 40 years"

Who is online