SCI/TECH: Is The World's Oil Running Out?, page 1

It seems the world's oil crisis may be worse than previously thought. At least geologist Dr. Campbell thinks so. Let's face it, our world demands a lot of oil and has for a long time. Mabey it's starting to finally catch up with us. And letting the world know could have catastrophic effects on economy. We have declining production, increasing demand, and no new oil fields being discovered. And it's best if no one knows?

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Is The World's Oil Running Out?

The adherents of the peak oil theory warn the decline of world oil output will force oil prices higher for good, and that the knock on effects could be catastrophic.

"In my opinion, unfortunately, there will be no linear change," says Iran's Ali Bakhtiari. "There will only be sudden explosive change."

"The people who will be least affected will be the super poor, who already have no access to energy, and the super rich who do not care if oil is $100 a barrel."

"It is everyone who is in the middle who will be hurt the most," says Mr Bakhtiari. "When the crisis comes there will be enormous changes."

We have declining production, increasing demand, and no new oil fields being discovered. And it's best if no one knows?

[edit on 8-6-2004 by Zion Mainframe]

The Saudis reported a couple of weeks ago that they have vastly underestimated their obtainable oil reserves.

www.arabnews.com...

Sure, we'll eventually run out, but if the Saudi research is correct it's going to be a case of later not sooner.

Of course, the Saudis could be wrong and many experts are questioning their statement but it's too soon to say. Tripling their estimate of recoverable oil sure does make a big difference though.

I've posted this link many times because I've found that many many people have never heard about this product. While its not a perfect solution the fact that it can help reduce our dependence on petroleum and at the same time enrich american farmers is to me an amazing thing.
www.biodiesel.org...

I've always thrown about these Ideas in my head it seems there's always more to it I just hope they find a good alternative (if they haven't already)

Here's a site I found just searching

www.davidicke.net/mysteries/reports/oil.html

[edit on 8-6-2004 by thegreat59]

[edit on 8-6-2004 by thegreat59]

The best site I've found on this subject is www.fromthewilderness.com its mirror site: www.copvcia.com

I highly recommend it for anyone seriously looking into this most grave issue.

I recently read the book Hubbert's Peak, The Impending World Oil Shortage by petroleum geologist Kenneth Deffeyes, and from that book, and quite a bit of weeding fact from fluff through Google, it seems that we are in bigger trouble than is being reported. The projected peak of world oil production, based on exploration data, estimated reserves, and the peak of US oil production(which occurred in 1970), should be within years, not decades. I've seen estimates as early as this year, and as late as 2008, but no later. I could well be wrong, and I hope that I am, but there are knowledgable people who aren't disinterested, (i.e. they have a lot to lose if it happens) that are saying that we need help, quick. (Here I'm referencing Matthew Simmons, an investment banker in Houston, TX, who is very concerned about this issue and is also rather outspoken about it, as well.) I do think that this needs more research, and serious attention from people like us here at ATS, and I also believe that the search for viable renewable energy sources has never been more important than right now. Even if the peak is 20 years away, our entire infrastructure is based on oil, and 20 years would barely be enough time to convert to renewable sources. As it stands, we probably don't even have that much time. It's important, here, to mention that we are not going to run completely out of oil. Ever. But, it will become economically non-viable as an energy source, as it will eventually take more energy to extract the oil than the oil is worth, (energy wise). Financially, the prices will skyrocket as demand for oil outstrips supply. Therein lies the rub. It's cheap oil that we're running out of. And, all western economies rely on oil as a cheap energy base for growth. I'd say that this is a definite wake-up call for all of us. I'm all for optimism, but this requires intelligence as well, and mine is telling me that it's time to begin preparing for the coming storm.

[edit on 8-6-2004 by Ouizel]

Originally posted by mwm1331
I've posted this link many times because I've found that many many people have never heard about this product. While its not a perfect solution the fact that it can help reduce our dependence on petroleum and at the same time enrich american farmers is to me an amazing thing.
www.biodiesel.org...

Biodiesel is just starting to take off in Toronto. Already in just 12 months we hard our first 3 pumps installed that are dedicated to Biodiesel. More are planned but before that can happen more farmers are gonna have to jump on the band wagon cuz production is pretty tight for biodiesel. BTW gas prices vs. biodiesel prices right now in Toronto are: Gas: .85 - .95 c per Gallon Biodiesel .72 c/gallon

Agreed, this is the most underdiscussed topic on ATS.

The best peak oil site I've found is www.lifeaftertheoilcrash.net...

What makes this topic so bloody scary is how diverse and highly reputable those who most believe in it are.

The members here are quite familiar with supply versus demand constraints of petrocarbons. Also, many in society are becoming aware of the problem. For instance, witness the cover story of this month's National Geographic regarding the end of cheap oil.

ATS has many discussions and such regarding the phenomenon of peak oil. As examples, below are listed a few links.

Oil Supply and Demand - An ATSNN Outlook

Is Peak Oil Real?

Peak Oil

Oil Post

Among these discussion items are links to many resources on the web. Indeed, the topic is quite important at present. Unfortunately, the actual peak of production will only be apparent a few years after it occurs.

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