'Peak oil' advocates blast US study The Sydney Morning Herlad, Australia July 14, 2007
Proponents of "peak oil" - the theory that global crude oil production has hit its zenith and is headed for a steep decline - are steamed with a US oil industry group's findings that the world has plenty of oil.
Next week the US National Petroleum Council - a board of high-level US oil industry executives - releases its study titled, Facing the Hard Truths about Energy, conducted at the behest of US Energy Secretary Sam Bodman.
According to the report's executive summary, obtained by Reuters, the world is not running out of oil but there are "accumulating risks" to securing supply through 2030.
Peak oil theorists say such findings gloss over Bodman's request to study the issue in detail.
"They've laboured mightily and come up with a mouse," said Randy Udall at the Association for the Study of Peak Oil and Gas, whose group dismisses the report as "petro Prozac".
Entire article at: http://www.smh.com.au/news/World/Peak-o ... 11792.html
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'Peak oil' advocates blast US study
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'Peak oil' advocates blast US study
by Ferretlover » Tue 24 Jul 2007, 09:18:20
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Re: 'Peak oil' advocates blast US study
by Tanada » Fri 27 Jul 2007, 07:46:57
$this->bbcode_second_pass_quote('Ferretlover', ''')Peak oil' advocates blast US study The Sydney Morning Herlad, Australia July 14, 2007
Proponents of "peak oil" - the theory that global crude oil production has hit its zenith and is headed for a steep decline - are steamed with a US oil industry group's findings that the world has plenty of oil.
Next week the US National Petroleum Council - a board of high-level US oil industry executives - releases its study titled, Facing the Hard Truths about Energy, conducted at the behest of US Energy Secretary Sam Bodman.
According to the report's executive summary, obtained by Reuters, the world is not running out of oil but there are "accumulating risks" to securing supply through 2030.
Peak oil theorists say such findings gloss over Bodman's request to study the issue in detail.
"They've laboured mightily and come up with a mouse," said Randy Udall at the Association for the Study of Peak Oil and Gas, whose group dismisses the report as "petro Prozac".
Entire article at: http://www.smh.com.au/news/World/Peak-o ... 11792.html
Proponents of "peak oil" - the theory that global crude oil production has hit its zenith and is headed for a steep decline - are steamed with a US oil industry group's findings that the world has plenty of oil.
Next week the US National Petroleum Council - a board of high-level US oil industry executives - releases its study titled, Facing the Hard Truths about Energy, conducted at the behest of US Energy Secretary Sam Bodman.
According to the report's executive summary, obtained by Reuters, the world is not running out of oil but there are "accumulating risks" to securing supply through 2030.
Peak oil theorists say such findings gloss over Bodman's request to study the issue in detail.
"They've laboured mightily and come up with a mouse," said Randy Udall at the Association for the Study of Peak Oil and Gas, whose group dismisses the report as "petro Prozac".
Entire article at: http://www.smh.com.au/news/World/Peak-o ... 11792.html
This is like arguing over wether the decline will be 6% or 12% per year, both will be a catastrophe if they happen so .....
Let me try that again, if the US study is 100% accurate what does it really buy us? A little time, and that is all.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: 'Peak oil' advocates blast US study
by Ferretlover » Fri 27 Jul 2007, 11:42:30
Is it actually possible to know how much oil is in any particular well/oil field?
Am I correct in assuming that the "oil will never run out" people are trying to manuever the stockbuyers not to bail out?
Bear in mind, I am Terrible at economics....
CNBC talking about 'how will 80$ a barrel affect consumers?..."
Am I correct in assuming that the "oil will never run out" people are trying to manuever the stockbuyers not to bail out?
Bear in mind, I am Terrible at economics....
CNBC talking about 'how will 80$ a barrel affect consumers?..."
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Re: 'Peak oil' advocates blast US study
by strider3700 » Fri 27 Jul 2007, 18:10:27
$this->bbcode_second_pass_quote('Ferretlover', 'I')s it actually possible to know how much oil is in any particular well/oil field?
With good testing and and information you can be pretty accurate about how much oil is in a given hole.
$this->bbcode_second_pass_quote('Ferretlover', '
')Am I correct in assuming that the "oil will never run out" people are trying to manuever the stockbuyers not to bail out?
Partially. They also don't want countries currently selling their oil off fat to cheaply(yes $80 is cheap) to turn around and realize they don't have much left and maybe they should milk it a little harder or just sit back and wait for it to be worth more.
$this->bbcode_second_pass_quote('Ferretlover', '
')Bear in mind, I am Terrible at economics....
Perhaps the problem is you're based in reality when it comes to doing math. The secret to economics is to just make it up when you don't get what you want.
shame on us, doomed from the start
god have mercy on our dirty little hearts
god have mercy on our dirty little hearts
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