[BigTex]

Here is another nice analogy:

There are three taps in a bar. The first tap is Budweiser and it costs $1.00 for a large glass. The second tap is Dom Perignon and it costs $10.00 for a small glass. The third tap is water from the Spring of Life and it costs $10,000 per drop.

There is 10 times as much Bud as Dom Perignon and there is 10 times as much Dom Perignon as there is Spring of Life Water.

We are just now finishing off the Bud kegs (easy to find onshore stuff) and getting into the Dom Perignon (the deepwater and sour stuff). Soon we will get into the spring of life stuff (shale, Antartctica, the Moon, etc.).

We'll go broke way before we run out.

[traz]

^^Exactly^^

We might have plenty of oil left, but it's expensive oil.

Oil that can't be sold cheaply.

Oil that won't be bought because no-one will be able to afford it.

[Free]

$this->bbcode_second_pass_quote('venky', '')$this->bbcode_second_pass_quote('', 'I')t's kind of like being trapped in the desert. You have 100 gallons of fresh water, enough for quite a while. But you can only get the water out at a very slow rate (say a mL per hour). That massive amount of water won't do you any good if you can't get it out faster, now will it?

[emersonbiggins]

$this->bbcode_second_pass_quote('Free', 'T')he PO guy asks to ration the water in case they don't find new water for a long time, while the cornucopian says:"Don't worry, it will rain!"

[Free]

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('Free', 'T')he PO guy asks to ration the water in case they don't find new water for a long time, while the cornucopian says:"Don't worry, it will rain!"

[joewp]

$this->bbcode_second_pass_quote('Free', '
')I guess that's after the effects of dehydration already have set in...

[shortonoil]

ClubOfRomeII said:

$this->bbcode_second_pass_quote('', 'I')'ve never seen the USGS even mention EROEI, could you post a reference to them saying anything about it?

[erb]

Let get this underway then

I cant wait to drink oil because all the water was used up to extract the oil from tar sands


$this->bbcode_second_pass_quote('grabby', '[')b]With the United States domestic decline in oil production, it is important to research possible tar sand production in America (Alaska). Our consumption continues to increase, as well as our dependence on oil imports. Today, about 59% of the oil consumed in the United States are imported. The deposits of oil sands (oil shale) in the United States are massive. The processing of oil shale has gone through cycles of development and commercialization, all without achieving a competitive cost of production. As well, tar sands are processed on a limited basis. An engineering study was done between the University of Alabama and the Department of Energy. This engineering study provided a preliminary design of a commercial processing facility to beneficiate 39,956 tons per day of run-of -mine eastern oil shale to produce 4.38million tons per year of concentrate. The report included a process plants design recovery of kerogen at 92%, which with `hydroretorting' would produce approximately 20,000 barrels of oil a day. - matt Sexton.

4.38 million TONS per year.

a ton is 7 barrels

that is 28 million Barrels per year.

Well, we need 23 million barrels per DAY in Amrica alone.

so the large process in Canada needs to be multiplied by a thousand times to meet our needs.

[ClubOfRomeII]

$this->bbcode_second_pass_quote('shortonoil', '[')b]ClubOfRomeII said:

$this->bbcode_second_pass_quote('', 'I')'ve never seen the USGS even mention EROEI, could you post a reference to them saying anything about it?

[Revi]

That stuff deep in the Gulf of Mexico is the Dom Perignon or maybe even the water of life, for sure. It costs over 30x more to extract than the shallow water stuff, which is probably more costly than it was on land. Here's what whisky and gunpowder has to say about it:

http://www.whiskeyandgunpowder.com/Arch ... 60912.html

[What2DO]

How much oil is left in a well when it is done producing and will we ever be able to get all of the oil out ?

[mekrob]

I think it's something like 30% or so, but I'm not sure. And the only way to get almost all of it (technically you can't get all of it) is if you drill thousands of feet into the ground to get to the source, crush the rock into a sand-like substance, and process it like tar sands. It'd probably cost about $1000 a barrel to do that and would cost much more in energy than you get out of it, so it's pretty..uumm..retarded.

[TITAN]

Actually I think it's something closer to 50% that gets left behind. They could probably get another 10% or so, but the EROEI would be like 2 to 1 barrels. We aren't that desperate yet. I think our current overall EROEI is around 6 to 1...

[Richard]

Just to let you know that the CIA have whipped out another 300 billion barrels! That means we've discovered more in the 2002-2005 period than we've consumed!

Yeah baby!

[aahala]

$this->bbcode_second_pass_quote('Richard', 'J')ust to let you know that the CIA have whipped out another 300 billion barrels! That means we've discovered more in the 2002-2005 period than we've consumed!

Yeah baby!

[burtonridr]

$this->bbcode_second_pass_quote('RdSnt', '
')Measuring the cost and return on investment of oil should always be meaured in energy used rather than dollars spent. This is particularly true now that we are close or on PO.
If you use EROEI, then Alaskan oil and the Canadian tar sands should be closed down. You expend more energy retrieving the resource than you get in return.

[Niagara]

$this->bbcode_second_pass_quote('RdSnt', '
')If you use EROEI, then Alaskan oil and the Canadian tar sands should be closed down. You expend more energy retrieving the resource than you get in return.

[Keith_McClary]

$this->bbcode_second_pass_quote('Kingcoal', 'I')f we are going to include Canadian tar sands, why not shale oil also? The US has about 2 trillion barrels of shale oil! Add that to the tar sands and North America is soaking in oil! Maybe North America should be concerned about being invaded and occupied?

Oil Shale Activities

[NEOPO]

$this->bbcode_second_pass_quote('Keith_McClary', '')$this->bbcode_second_pass_quote('Kingcoal', 'I')f we are going to include Canadian tar sands, why not shale oil also? The US has about 2 trillion barrels of shale oil! Add that to the tar sands and North America is soaking in oil! Maybe North America should be concerned about being invaded and occupied?

Oil Shale Activities

[smallpoxgirl]

$this->bbcode_second_pass_quote('NEOPO', 'F')or the uninformed

Firkin