Oil reserves are increasing.... The Peak Oil myth, page 1


Pages: <<  1    2  >>
ATS Members have flagged this thread 0 times
Topic started on 1-10-2005 @ 08:44 PM by crusader
www.lewrockwell.com...

Intresting article on the myth of peak oil. The myth was propgated by 3 types of people

(1) Oil business intrests: Drive the price of oil high.

(2) The Environmentalists: those who want us to use alternative sources of energy

(3) Foolish intellectuals


reply posted on 1-10-2005 @ 10:15 PM by Mizar
Well oil is just hydrogen and Carbon its a hydrocarbon . Now as for what your professor said I do not know. AS for the origonal post. Yes I belive that the oil industry has skyrocked for thoes reasons to some extent.



reply posted on 2-10-2005 @ 11:35 AM by sdrumrunner
Originally posted by crusader
Intresting article on the myth of peak oil. The myth was propgated by 3 types of people

(1) Oil business intrests: Drive the price of oil high.

(2) The Environmentalists: those who want us to use alternative sources of energy

(3) Foolish intellectuals



Wrong, wrong, wrong...

Please feel free to read the information posted by the "foolish intellectuals" who run the EIA and the DOE, and who in turn publish a daily petroleum report, which may be found here.

And as I see has already been mentioned, "Peak Oil" has little to do with the resident oil content in the ground... and as has already been mentioned, it's the added cost of extraction and production (Canadian oil sand, Pemex pumping in nitrogen to maintain reservoir pressure) that is realistically, as well as the increase in demand (China) that is responsible for driving the price of crude through the roof.

When more than 1,000,000 bpd of gasoline fail to reach market (because over 12% of our refining capcacity is offline), when 15% of our doemstic LNG supply is offline, and when 29% of our oil production is shut-in (all as of Sept. 30), yes, we are facing somewhat of a (short-term) fuel crisis.

When the President asks everyone to carpool, you might be facing an energy crisis.

So, unless you have discovered some unforeseen method skipping the whole drilling, extracting, refining, and shipping process, and have thus gained the ability to park your Hummer right on top of an oil field and fill 'er up "straight from the soruce," so to speak, then yes we are facing a bit of an energy crisis, and most likely will be for most, if not all, of the year...


reply posted on 10-10-2005 @ 07:47 AM by kilcoo316
Originally posted by bigx01
it is not peak oil so much as it is the time required to bring new sources online. the amount of recoverable oil has been going up for years. our problem now is not peak oil but that it takes 5 to 10 years to bring new fields online and demand is out stripping our ability to do just that. billion barrel field in utah is an example. it will take several years to bring that up to full production.

we are not running out and we are not at peak. we are at the limits of technology to bring fields online fast enough


Peak oil is not about reserves, but about economical production.

The amount of recoverable oil has been going up, but we are using more than we are finding, from: www.enviroliteracy.org...

In a 1998 Scientific American article entitled "The End of Cheap Oil," petroleum geologists Colin J. Campbell and Jean H. Laherrère predicted that oil production will peak during the first decade of the 21st century. Their argument is based on several trends: 90 percent of all the oil in the Earth’s crust has been discovered; since 1970, more oil has been extracted than has been discovered; 4/5ths of oil comes from fields that were discovered before 1973; and the rates of extractions of these fields are declining. The discovery of “supergiant” fields began in the 1930s. The second largest oil field in the world, Kuwait al-Burgan, was found in 1938. The Saudi al-Ghawar field, the world’s largest oil field with 7 percent of all oil reserves in 2000, was discovered in 1948. No major new oil fields have been discovered in the last two decades. Campbell and Laherrère argue that predictions of potential new resources are overstated and that the global peak in oil production will occur within the next few years. Moreover, several promising new potential oil fields, such as Baltimore Canyon, have not yielded results. Global demand for oil continues to grow, and the number of automobiles on the road in Western nations and the developing world increases each year.


It does go onto say that reserves are increasing, but mainly due to 'revised estimates'

Mod Edit: Fixed Quote Tags.


[edit on 10/10/2005 by Mirthful Me]


reply posted on 10-10-2005 @ 03:07 PM by billybob
Originally posted by Zion Mainframe
Originally posted by billybob
such a great milestone for man's stupidity.

Back in the 50's they all ridiculed the geophysicist Hubbert for predicting the US oil production would peak around the year 1970. He was only a few months off, with that prediction.

But go right ahead and stick your head in the sand, I really dont care.


not back far enough. it was the twenties.

anyway, there is a lot of conflicting information regarding oil supply and demand. why are YOU so sure you know the 'truth'? did you personally measure the reserves, calculate global daily usage, and extrapolate all your data into the future?
ye of too much faith.
so, if what your saying were the absolute truth, then we've known since the FIFTES at least that this was a problem. and then we went through a staged energy crisis in the seventies. did we stop using gas, and think of investing in better, and alternative mass transit(electric, for example)? no? did we at least legislate no more gas guzzlers? no(although there was SOME effeciency legislation passed).
what did we do instead?
WE SOLD POWER! MORE HORSEPOWER
and did we turn to the most efficient transport, trains and ships, for our long distance cartage? nope. the least. planes and transports.
i dunno. seems pretty frickin' DUMB to me.
and then, you have to ask yourself, "why? WHY didn't we do these things? what ideological group in power was making the decisions that foster not only MORE consumption, but LESS supply? WHO would benefit from that? only oil barons. you know, like george bush, or david rockerfeller, or sheik yer bhootie.

my hand spends some time in the sand, no doubt. i'm sure fifty yrs. is not near enough time to solve a well known problem.

[edit on 10-10-2005 by billybob]
Pages: <<  1    2  >>    ^^TOP^^



Inside Look at Illegal Nigerian Oil Refinery (vid)
  Posted 10 days ago with 0 member flags
Saudi Arabia may be oil IMPORTER by 2030
  Posted 5 days ago with 0 member flags