[dsula]

So it looks like we got the serious effects of PO postponed, no collapse, die-off, zombies for long time to come as it seems (I remember it was scheduled for Christmas 2008)

1. more oil found than used in 2010
2. tons of NG available
3. high oil prices spur research in all kind of alternatives
4. high oil price spur research and investemnt in oil recovery


What dou you say, we postpone for another 20 or 30 years, and then meet again?

[vtsnowedin]

$this->bbcode_second_pass_quote('dsula', 'S')o it looks like we got the serious effects of PO postponed, no collapse, die-off, zombies for long time to come as it seems (I remember it was scheduled for Christmas 2008)

1. more oil found than used in 2010
2. tons of NG available
3. high oil prices spur research in all kind of alternatives
4. high oil price spur research and investemnt in oil recovery


What dou you say, we postpone for another 20 or 30 years, and then meet again?

[vision-master]

Gas/ oil prices are high due to devaluation of the dollar.

I swear, this place is a cult.

[dolanbaker]

Postponed! yes but not by 20 years, the affects of high oil prices will remain an anchor on economic growth for the foreseeable future simply because there is so much dependency on oil. There is zero chance of a painless transfer to NG and even if there was NG will still eventually peak along with coal. All of these switching to alternatives to oil are expensive, especially if you take into account the reduction in energy density.

Gas is perfect as a heating fuel & coal is good for generating electricity, neither is good for running cars as well as oil.

All we are doing in affect, is changing the consumption ratios, if you assume there is 100 years supply of gas at present consumption and you double or quadruple this then you'll soon find the reserves (in years) fall very rapidly.

[Arthur75]

What would truly postpone PO is the collapse of the US, that would take away around a quarter of the world consumption or the equivalent for 2009 of the consumption of China, Germany, Japan, Russia, and India combined
Sure it would not postpone PO strictly speaking, but its effects for others.

[vision-master]

Will you collapse too?

[ian807]

$this->bbcode_second_pass_quote('dsula', 'S')o it looks like we got the serious effects of PO postponed, no collapse, die-off, zombies for long time to come as it seems (I remember it was scheduled for Christmas 2008)

1. more oil found than used in 2010
2. tons of NG available
3. high oil prices spur research in all kind of alternatives
4. high oil price spur research and investemnt in oil recovery

What dou you say, we postpone for another 20 or 30 years, and then meet again?

[Cloud9]

Demand destruction is doing a nice job of pushing the end into the future. Five dollar a gallon gasoline will shut down the under class and push them out of their cars and into scooters. Southern Italy here we come.

[vision-master]

$this->bbcode_second_pass_quote('', 'S')till, demand isn't declining. The robust Asian economies will see to that for a while, so prices will keep going up. Then what?

[Nefarious]

IEA Oil Market Report

$this->bbcode_second_pass_quote('', 'G')lobal oil product demand for 2010 and 2011 is revised up by an average of 320 kb/d on higher-than-expected submissions, reflecting buoyant global economic growth and cold northern hemisphere weather. Global oil demand, assessed at 87.7 mb/d in 2010 (+2.7 mb/d year-on-year), rises by 1.4 mb/d to 89.1 mb/d in 2011.

Global oil supply fell by 0.3 mb/d to 88.1 mb/d in December, as non-OPEC output was reduced, on short-lived outages. An Alaskan pipeline leak and a fire at a Canadian oil sands upgrader also cut January output. Overall, 2010 and 2011 non-OPEC estimates are unchanged at 52.8 mb/d and 53.4 mb/d, respectively. OPEC NGLs contribute 5.3 mb/d in 2010 and 5.8 mb/d in 2011.

OPEC supply gained 250 kb/d to reach 29.58 mb/d in December, continuing a rising trend evident since the spring. In light of stronger demand estimates for 2H10, output in 3Q10 and 4Q10 has been lagging the underlying ‘call’, which is revised up to 29.9 mb/d for 2011. OPEC effective spare capacity has nudged below 5 mb/d for the first time in two years.

November OECD industry stocks declined by 8.3 mb to 2 742 mb, or 58.7 days, led by draws of ‘other products’, middle distillates and residual fuel oil. Preliminary December data indicate OECD industry stocks dropped by a sizeable 33.1 mb and oil in floating storage also fell.

4Q10 and 1Q11 global refinery throughputs have been revised up sharply to average 74.5 mb/d and 74.9 mb/d respectively, in response to stronger than expected global demand on cold weather and better economic performance, compounded by a rapid return from maintenance in the US and Europe. Both 4Q10 and 1Q11 show annual growth above 2 mb/d.

[Arthur75]

$this->bbcode_second_pass_quote('Cloud9', 'F')ive dollar a gallon gasoline will shut down the under class and push them out of their cars and into scooters. Southern Italy here we come.

[vision-master]

What's this under class ****? Under who? Tell us, I want all the details.

[ian807]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('', 'S')till, demand isn't declining. The robust Asian economies will see to that for a while, so prices will keep going up. Then what?

[vision-master]

Why would it have to come from aliens? Are we not capable oursleves?

We invented the steam engine didn't we, that didn't come from aliens did it?

[Arthur75]

$this->bbcode_second_pass_quote('vision-master', 'W')hy would it have to come from aliens? Are we not capable oursleves?

We invented the steam engine didn't we, that didn't come from aliens did it?

[Daniel_Plainview]

$this->bbcode_second_pass_quote('ian807', '')$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('', 'S')till, demand isn't declining. The robust Asian economies will see to that for a while, so prices will keep going up. Then what?

[vision-master]

What about the unavailable energy sources? The ones NOT available to us?


Ed Leedskalnin's Coral Castle

"I have discovered the secrets of the pyramids, and have found
out how the Egyptians and the ancient builders in Peru,
Yucatan, and Asia, with only primitive tools, raised and set in
place blocks of stone weighing many tons!"
- Edward Leedskalnin

[Leutnant]

$this->bbcode_second_pass_quote('vision-master', 'I') swear, this place is a cult.

[hillsidedigger]

The peak of oil has not been postponed. World daily production of net-oil will slide more or less steadily from now on.

Few of the upcoming years will there be more oil found than is consumed.

[FarQ3]

I'm sure that there will be more oil found some years than others ... one year maybe 50 billion ... the next maybe none! Oil exploration is a science but it is also very hit and miss and nowadays there's more miss as there's ever been even with better technology. And by MISS I mean uncommercial to produce.

Also bear in mind that if a 50 billion barrel find is booked this is more than likely an inflated figure, not TRULY recoverable. After all, who wants to invest in an oil company with not much stock on the shelf? Not me!