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Peak Oil on CNN.com

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Peak Oil on CNN.com

Unread postby Olaf » Fri 14 Sep 2007, 15:14:47

It must be the apocalypse. Slap my ass and call me Shirley. CNN put out an article on peak oil. I like how it just glazes over the concerns and puts out the silly industry rebuttals...but there it is.

http://money.cnn.com/2007/09/14/news/ec ... tm?cnn=yes

A small - but growing - group of experts think world oil production will peak in the next few years, to devastating effect.
By Steve Hargreaves, CNNMoney.com staff writer
September 14 2007: 12:40 PM EDT


NEW YORK (CNNMoney.com) -- At some point in the near future, worldwide oil production will peak, then decline rapidly, causing depression-like conditions or even the starvation of billions across the globe.

That's the worst-case scenario for subscribers to the "peak oil" theory, who generally believe oil production has either topped out or will do so in the next couple of years.

A small but growing group of experts think oil production will peak in the next few years, then decline rapidly. The result could be worse than the Great Depression.
Special Reportfull coverage

Colleges around the country are getting in on the green movement by starting campus recycling programs and using solar powered energy.

What follows depends on who one talks to, but predictions run the gamut from the disaster scenario described above to merely oil prices in the $200-a-barrel range while society transitions to other energy sources.

It's not a view held by most industry experts, including the oil companies, the government and most analysts at the financial houses.

more at link.

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Re: Peak Oil on CNN.com

Unread postby MD » Fri 14 Sep 2007, 16:31:00

*smack* *smack*

"Leave Shirley out of it!"

The message has become credible. It's been fascinating to watch it happen.

Soon it will grow from "credible" to "mainstream" then to full blown "crisis" and that's when all the trends go haywire. (what is coming is so unpredictable . . . thus all the crystal-ball gazing around this place).

Let me tell you what happens right after it goes "mainstream acceptance": The crisis will unfold by the US losing its imports.

Some probable future quotes:

"No more glut for american consumers"

"Save our oil for our future. The US has had more than their share."

"no more dollars, save the oil"

"Let them burn their own oil."

"Six percent for six percent! No more glut! . . . Six percent for six percent! No more glut! . . . "

Here it comes.
Stop filling dumpsters, as much as you possibly can, and everything will get better.

Just think it through.
It's not hard to do.
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Re: Peak Oil on CNN.com

Unread postby MacG » Fri 14 Sep 2007, 16:41:58

$this->bbcode_second_pass_quote('MD', '*')smack* *smack*

"Leave Shirley out of it!"

The message has become credible. It's been fascinating to watch it happen.

Soon it will grow from "credible" to "mainstream" then to full blown "crisis" and that's when all the trends go haywire. (what is coming is so unpredictable . . . thus all the crystal-ball gazing around this place).

Let me tell you what happens right after it goes "mainstream acceptance": The crisis will unfold by the US losing its imports.

Some probable future quotes:

"No more glut for american consumers"

"Save our oil for our future. The US has had more than their share."

"no more dollars, save the oil"

"Let them burn their own oil."

"Six percent for six percent! No more glut! . . . Six percent for six percent! No more glut! . . . "

Here it comes.


Yeps. Read Dmitry Orlov.
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Re: Peak Oil on CNN.com

Unread postby MD » Fri 14 Sep 2007, 16:44:50

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

Yeps. Read Dmitry Orlov.


Thank you! For those that haven't read Dmitry, it's a must.

http://www.peakoil.com/fortopic8573.html+orlov
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From CNN: The end of oil

Unread postby joe1347 » Fri 14 Sep 2007, 18:58:28

$this->bbcode_second_pass_quote('', '
')
http://money.cnn.com/2007/09/14/news/ec ... 2007091414

The end of oil

A small - but growing - group of experts think world oil production will peak in the next few years, to devastating effect.
By Steve Hargreaves, CNNMoney.com staff writer
September 14 2007: 2:50 PM EDT

NEW YORK (CNNMoney.com) -- At some point in the near future, worldwide oil production will peak, then decline rapidly, causing depression-like conditions or even the starvation of billions across the globe.

That's the worst-case scenario for subscribers to the "peak oil" theory, who generally believe oil production has either topped out or will do so in the next couple of years.

A small but growing group of experts think oil production will peak in the next few years, then decline rapidly. The result could be worse than the Great Depression.

What follows depends on who one talks to, but predictions run the gamut from the disaster scenario described above to merely oil prices in the $200-a-barrel range while society transitions to other energy sources.

It's not a view held by most industry experts, including the oil companies, the government and most analysts at the financial houses.

But its adherents are growing, and include some fairly well-known names.



Peak oil in the Mainstream media today - well CNN online at least. Too bad CNN didn't provide a few web links for any readers that would like to learn more.
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Re: From CNN: The end of oil

Unread postby Tanada » Fri 14 Sep 2007, 19:13:37

$this->bbcode_second_pass_quote('joe1347', '
')Peak oil in the Mainstream media today - well CNN online at least. Too bad CNN didn't provide a few web links for any readers that would like to learn more.


That would be redundant as anyone accessing CNN-Online knows how to preform a search and learn more than they probably really want to know.
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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: From CNN: The end of oil

Unread postby MrMambo » Fri 14 Sep 2007, 19:16:49

Not bad for Commercial Cowards Nettwork (CNN). Actually told me some news I din't know. Such that the former U.S. Energy Secretary James Schlesinger is spreading the peak oil message.


Checked him out on wikipedia wich stated he was energy secretary in the carter administration and also Secretary of Defense during Nixon and Ford + head of CIA for 6 months. So one old bigshot from the very highest ranks has joined the "movement".

http://en.wikipedia.org/wiki/James_Schlesinger

And also the description on the aspo ireland conference pages:

http://www.aspo-ireland.org/index.cfm?p ... eakerId=11
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Re: From CNN: The end of oil

Unread postby PeakOiler » Fri 14 Sep 2007, 19:36:42

I saw this article while I was browsing the news today during my 1-hr lunch break at work. I thought someone would eventually post the link here.

CNN is about as mainstrean media as it gets. Most CNN readers will probably blow it off, but the idea of world oil production peaking is at least in the back of their mind now. Some fraction will, however, investigate further, and the "small fraction" of those in the know will become a bigger fraction.

The article does include excerpts from an interview with Heinberg, and mentions some web site named "lifeaftertheoilcrash", (gosh, I wonder who is responsible for that? ;) ). Has the number of visitors to this site increased significantly today since peakoil.com is near the top of the Google list for keywords "oil production"?

{threads merged by Bas}
There’s a strange irony related to this subject [oil and gas extraction] that the better you do the job at exploiting this oil and gas, the sooner it is gone.

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Re: Peak Oil on CNN.com

Unread postby paimei01 » Fri 14 Sep 2007, 22:06:58

I'm drunk and I don't care about the end of the world. Why is it that tomorrow I will become the same normal person anxious about such things ? :)
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One day there will be so many houses, that people will be bored and will go live in tents. "Why are you living in tents ? Are there not enough homes ?" "Yes there are, but we play this Economy game". Now it's "Crisis" time !Too many houses! Yes, we are insane!
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The end of oil on CNN

Unread postby neo » Sat 15 Sep 2007, 02:56:12

"The end of oil" is on CNNfn top story today.

http://money.cnn.com/2007/09/14/news/ec ... 2007091414

It becomes more and more accetable every day.
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Re: Peak Oil on CNN.com

Unread postby Offshore » Sat 15 Sep 2007, 17:38:11

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Re: Peak Oil on CNN.com

Unread postby Twilight » Sun 16 Sep 2007, 19:58:53

$this->bbcode_second_pass_quote('CNN', '"')It's fear mongering, sensationalist crap," said Fadel Gheit, a senior energy analyst at Oppenheimer.

And yet people can't resist taking a little peek...
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