[What2DO]

JPL,

Why didnt they just use the single hole and put a smaller pipe in it to supply the water ?

[128shot]

$this->bbcode_second_pass_quote('JPL', '')$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.

[oil_rocks]

sorry guys, i was out of town for a couple of days, but after reading your responses, its pretty clear i have won this debate. its ok though. you guys gave it a good try.

$this->bbcode_second_pass_quote('', '.')..Still patiently waiting for an answer to a very simple question:

why does the US have to import two thirds of the oil it needs?

[oil_rocks]

$this->bbcode_second_pass_quote('mekrob', 'D')o you know that OPEC's reserves are not backed up by research done by 3rd parties? What that means is that they say what their reserves are and thus they are able to pump what they want.

[mekrob]

$this->bbcode_second_pass_quote('', '
')umm... they have been pumping millions of barrels per day since we invented the automobile and guess what? they havn't run out yet. know what that means? it means they really did have a lot of oil down there.

[oil_rocks]

$this->bbcode_second_pass_quote('mekrob', ' ')We have two decades if we're lucky, but most of the evidence suggests we have less than one decade.

[mekrob]

$this->bbcode_second_pass_quote('oil_rocks', '')$this->bbcode_second_pass_quote('mekrob', ' ')We have two decades if we're lucky, but most of the evidence suggests we have less than one decade.

[Aaron]

$this->bbcode_second_pass_quote('oil_rocks', '')$this->bbcode_second_pass_quote('mekrob', ' ')We have two decades if we're lucky, but most of the evidence suggests we have less than one decade.

[Zardoz]

Why do we continue to feed this troll?

Entertainment value?

[JPL]

$this->bbcode_second_pass_quote('What2DO', 'J')PL,

Why didnt they just use the single hole and put a smaller pipe in it to supply the water ?

[dinopello]

$this->bbcode_second_pass_quote('Zardoz', 'W')hy do we continue to feed this troll?

Entertainment value?

[oil_rocks]

I did some thinking last night and realized that then entire peak oil crisis thoery is fatally flawed. and this is not just my opinion, its a fact of physics and economics.

you see the demand for oil will never exceed the supply. period. "what??" you may be asking. "this is shocking for us to hear". "How can it be that all of us have been wrong this entire time??"

its simple. as the supply diminishes, the price will naturally go up, which will reduce the demand. Supply and demand will always be in perfect harmony and only the price will change. We will never run out!!!

as the price goes up, other, more expensive forms of energy will fill the void. also, as price goes up, it gives more incentive for companies to invest in better technology to get oil deposits we never knew were possible to get. you see. there really is no crisis at all.

the problem with all your theories is that you never factor in new technology for drilling. you never factor in new technology for fuel and you never factor in the human drive to make profits and keep an economy thriving. what a shame.

[Bas]

sure we will never run out at a demand of 1 barrel a day at a price of a billion bucks per barrel

[Bas]

oh and the cost goes up exponentially when you drill for smaller deposits, so our billion dollar/1 barrel theory holds, yay for us oil rocks!!

[Armageddon]

its simple. as the supply diminishes, the price will naturally go up, which will reduce the demand. Supply and demand will always be in perfect harmony and only the price will change. We will never run out!!!

===========================================

You are finally using your brain. I have always thought this will happen also. It's called demand destuction. When the prices rise , and stay high for an increased period of time, demand will lower. This has already happened to alot of the poor countries in the world. BUT, here is the problem. The US monetary system is based 100 % on economic growth, and you cant grow your economy if your energy supply doesnt increase also. With the amount of US debt, especially consumer debt, the entire system will collapse, and pretty quickly.

[oil_rocks]

i imagine a world 50 years from now where new technology is allowing us to drill deeper than we every expected. Nuclear power is generating all the electrical needs of the world. cars are getting over 100mpg and many of them are running on ethanol. cities are more compact and mass transit is used more than ever. are any of these things so hard to imagine?

The doom and gloom crowd always predicts we are on the verge of a meltdown but the meltdown never comes. Face the facts gents. in 50 years we will still be on the "verge of a meltdown!". and guess where we will be in 200 years?? can anyone guess? i know the answer to that one.

[Armageddon]

we are entering uncharted waters. Never in the history has mankind had a diminishing energy supply. The only reason we went from 1 billion people in mid 1800's , to 6.5 billion people now is because of the discovery of oil. read this in it's entirety.

http://lifeaftertheoilcrash.net/Index.html

[UncoveringTruths]

$this->bbcode_second_pass_quote('oil_rocks', 'i') imagine a world 50 years from now where new technology is allowing us to drill deeper than we every expected. Nuclear power is generating all the electrical needs of the world. cars are getting over 100mpg and many of them are running on ethanol. cities are more compact and mass transit is used more than ever. are any of these things so hard to imagine?

The doom and gloom crowd always predicts we are on the verge of a meltdown but the meltdown never comes. Face the facts gents. in 50 years we will still be on the "verge of a meltdown!". and guess where we will be in 200 years?? can anyone guess? i know the answer to that one.

[dinopello]

$this->bbcode_second_pass_quote('oil_rocks', 'j')ust like when Ted Dansen predicted in 1990 that we only had 10 years worth of oil left. and back in the 70's they were making the same predictions. My prediction is that int the year 2207 this same forum will be up and running and someone will post that, "we only have 10 years of oil left!"

[gego]

Arguing that the price is set by supply and demand does not negate the peak oil theory. All it says is that there is a supply curve and a demand curve and a resulting price. If supply becomes increasingly high because there is less supply to bring to the market this does not make it possible to bring to the market oil which cannot be found and pumped. All that has been described is what will happen to price when supply is constrained.

The argument that there will be substitution of alternative sources of energy has been made repeatedly on these boards. Each substitute has problems and none has been demonstrated to be an adequate substitute for oil. This does not mean than some substitutes will not tried to mitigate the fall, but once reduced oil production begins, there will be scant resources to develop even the most promising of these. Substituting lower EROEI energy for the present EROEI for oil just shrinks the economic pie because there is less net energy to use in the economy.

On the issue of technology coming to the rescue, so far none of the known technologies has shown sufficient results. Some breakthroughs may occur, or they may not. The burden of proof is always on he who puts forth the hypothesis. We could conjure up all sorts of as yet unknown magic, but until there is proof that such magic will work we logically are bound to ignore pie in the sky. The proof is much stronger for peak oil and a resulting shrinking economic pie.

The fact that estimates of the date for peak oil production have been made and missed in the past does not show that current estimates are incorrect. There are a number of variables and some of the data is unavailable or deliberately false. The difficulty in pinpointing the exact moment of peak production just tells us that we will get it wrong, but it does not tell us that the theory is faulty. There is no question that individual oil fields do follow the Hubbert curve. Ultimately all oil fields logically will follow the Hubbert curve. Dreams that there will be sufficient discoveries to replace the depleted fields is not supported by the record of discoveries in the last 25 years.

Let us all applaud oil_rocks for a good demonstration of denial, wishful thinking and illogic.