[MonteQuest]

$this->bbcode_second_pass_quote('oil_rocks', ' ')Even if we did extract all known oil deposits there's no reason why technology could not be improved to simply drill deeper. Now you have a whole new level of oil deposits to tap into. In theory there would be a nearly limitless amount of oil, because you could always create technology to drill just a little deeper.

[KrellEnergySource]

Over 25 years ago, the world was already going through the trouble of drawing oil from beneath the freakin' NORTH SEA. That's not a cakewalk, as the North Sea is not a hospitable environment for ships and platforms. And according to wikipedia:

"North Sea oil production fell ten percent (230,000 barrels) in 2004, and fell an additional 12.8% in 2005. This was the largest decrease of any other oil exporting nation in the world, and has led to Britain becoming a net importer of crude for the first time in decades, as recognized by the energy policy of the United Kingdom. [1]. The production is expected to fall to one-third of its peak by 2020".

We (the royal global we) wouldn't be staying in Nigeria if plenty of oil was in the midwest US, Australia, Europe, China, ......

In 2006, the major media gave a lot of attention to oil being found far, far below the gulf of Mexico; a location where the technology does not yet exist to extract in any large quantities of oil as is extracted from previous fields. Members here know that was actually a rehash of an earlier story and was recycled news...not an accurate report at all in terms of 'discovery'.

I don't know geology from meteorology, but I do know from observing these kinds of things that oil is not going to remain cheap and plentiful for much longer. The geopolitical and economic consequences are even easier to see.

Brian

[turmoil]

no no pstarr, this one needs to be cut up into little pieces and thrown into the wood stove

[Stratovarius]

First nomination for "Best thread ever" 2007.

[AirlinePilot]

We dont even need Brother Maynards hand grenade for this bunny!




Unfortunately this is the state we are in and I think it's the way it will stay until the real trouble starts. Just a few small pockets here and there inhabited by folks who can see whats coming and do some small things to help prepare. The majority of the population will be blindsided by the idea. It will not meet with acceptance and this in and of itself will create a crippling state further destroying the economy and civilization due to it.

All part of what I call "cultural inertia". We wont be able to turn the ship in time and we are going to hit something much bigger than an iceberg.

Damn the Torpedoes, full speed ahead!

[Zardoz]

$this->bbcode_second_pass_quote('Stratovarius', 'F')irst nomination for "Best thread ever" 2007.

[gego]

Looks to me like a lopsided debate.

There was that guy from France who agreed that peak oil is a not-in-our-lifetime problem, but then you know the French. The primary tactic of their army is surrender.

[Zardoz]

$this->bbcode_second_pass_quote('gego', '.')..There was that guy from France...

[EnergyUnlimited]

$this->bbcode_second_pass_quote('oil_rocks', '')$this->bbcode_second_pass_quote('', 'W')ho told you that?

[Ayame]

$this->bbcode_second_pass_quote('oil_rocks', '
')I'm surprised to hear none of you knowns about the cuts opec has been making lately. I would have guess you would be more informed on your favorite topic. OPEC has been desperately trying to keep the price of oil from falling and have twice decided to cut production in an attempt to limit the supplly (basic supply/demand market econmicas at work) They made a big cut in November droping daily oil production by 1.2 million barrels per day, however the price has continued to fall. from its high of about $78/barrel to todays price of around $50/barrel. They have more cuts planned for next month, but so far the price continues to fall because of "Oil Oversupply" WHAT??? you can't be serious!!! yes, actually i am serious. we actually have too much oil on the market right now and the saudi's are getting pissed about it.

[Karl]

Ayame wrote:
$this->bbcode_second_pass_quote('', 'T')his is in part why I believe there will be a hard crash - because our system is so short-term that it won't see peak oil coming before it's just too late. Market forces will not kick in sufficiently in time for any sort of mitigation.

[JPL]

$this->bbcode_second_pass_quote('gego', 'L')ooks to me like a lopsided debate.

There was that guy from France who agreed that peak oil is a not-in-our-lifetime problem, but then you know the French. The primary tactic of their army is surrender.

[Bas]

don't mind gego, JPL, he makes it a sport to play for the man instead of the ball.

[JPL]

$this->bbcode_second_pass_quote('Bas', 'd')on't mind gego, JPL, he makes it a sport to play for the man instead of the ball.

[gego]

Hell, I thought the game was well over and it was just time to joke around.

[JPL]

$this->bbcode_second_pass_quote('gego', 'H')ell, I thought the game was well over and it was just time to joke around.

[128shot]

$this->bbcode_second_pass_quote('Ancien_Opus', 'D')rill deeper! Deep does not equal more oil.

The closer you get to the mantle the higher the temperature. This is why natural gas deposits are found deep but seldom oil. Oil is broken down to its most simple molecular components under heat and pressure ending up as natural gas.

[JPL]

$this->bbcode_second_pass_quote('128shot', '')$this->bbcode_second_pass_quote('Ancien_Opus', 'D')rill deeper! Deep does not equal more oil.

The closer you get to the mantle the higher the temperature. This is why natural gas deposits are found deep but seldom oil. Oil is broken down to its most simple molecular components under heat and pressure ending up as natural gas.