by shortonsense » Wed 13 Jan 2010, 20:37:38
$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('Revi', '
')Peak oil is here. It is in the price of living for people on the bottom, but it has taken away any cushion that middle class people used to have also.
$3 heating oil is way too expensive for a lot of people around here.
Maybe New Englanders in general should be heavily encouraging the development of New Yorks natural gas?
How would the people Revi is talking about do that? How would the poor of Maine "heavily encourage" the development of natural gas in another state?
Petitions? Cross border voting? Get their Congressional delegation to lobby the other states in the area? Secede from the Union, build an army, invade New York and create one of these resource wars we've been hearing about for years now but can't seem to get rolling? Promise a premium price for the product? Offer to build the pipeline themselves?
by hironegro » Sun 24 Jan 2010, 00:09:11
$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('hironegro', 'N')ice to see everyone feed the troll.
The real issue is that conventional crude is gone, and now we are forced to use tar sands, heavy oil, deep water oil, and shale.
By "gone", you mean, except for the trillion or so barrels still listed as reserves? Or are you claiming that these inventories aren't there?
ummm, so you mean there is trillions of lite sweet crude still out there?
by shortonsense » Sun 24 Jan 2010, 01:09:57
$this->bbcode_second_pass_quote('hironegro', '')$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('hironegro', 'N')ice to see everyone feed the troll.
The real issue is that conventional crude is gone, and now we are forced to use tar sands, heavy oil, deep water oil, and shale.
By "gone", you mean, except for the trillion or so barrels still listed as reserves? Or are you claiming that these inventories aren't there?
ummm, so you mean there is trillions of lite sweet crude still out there?
Light, sweet, sour, heavy, condensate, seeping out in the Arctic, occasionally manufactured from natural gas, undiscovered in Russia, not counted in Saudi Arabia, and 500 billion more just put on the books in Venezuela...yes....all of the above. With the recent Venezuela additions, we're at nearly 2 trillion now I suppose. Its getting downright ridiculous...there used to be a time when 2 trillion was the TOTAL the earth had, now we've got nearly that much in unused inventory!
by Outcast_Searcher » Sun 24 Jan 2010, 01:35:30
$this->bbcode_second_pass_quote('hironegro', '')$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('hironegro', 'N')ice to see everyone feed the troll.
The real issue is that conventional crude is gone, and now we are forced to use tar sands, heavy oil, deep water oil, and shale.
By "gone", you mean, except for the trillion or so barrels still listed as reserves? Or are you claiming that these inventories aren't there?
ummm, so you mean there is trillions of lite sweet crude still out there?
The truth is no one knows for sure. OPEC sure won't let anyone assay their reserves, and the big coordinated OPEC inflation of the claimed reserves in the 80's has never been adequately justified. Nor has the fact that hundreds of billions of barrels of those reseves have been used in the past 25 years, yet OPEC claims those reserves just happen to always stay almost exactly the same. (Like they're not even bothering to measure or publish meaningful reserve figures any more).
So the cheap stuff will run out at some point, but most folks have a whole collection of axes to grind, so they won't admit that we just don't know.
In my book, an organization that refuses 3rd party assays has something to hide and their figures are NOT to be trusted at face value.
The new stuff being found is almost all going to be very expensive or take a long time to get at, or both. So the problem isn't that we're running out of oil -- the problem is we really don't know WHERE we are in relation to running out of CHEAP oil. Likely rapidly growing world demand trend via Chindia, etc. can't help.
If we run out of the cheap stuff before all the coming green energy tech.and NG cars get ramped up -- oil prices seem destined to trend strongly higher. That can't be good for the global economy.
But since both doomers and cornies will hate me for stating what seems pretty obvious, I'm sure it's flame-on now...
by shortonsense » Sun 24 Jan 2010, 12:09:18
$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('Outcast_Searcher', 'S')o the problem isn't that we're running out of oil
Peak oil is not about "running out of oil."
How many times do we have to say this?

A particularly apropo comment considering the near multiple of trillions of barrels we DO have left.