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Originally posted by AaronWilson
reply to post by [davinci]
But when has price had anything to do supply/demand for oil? Never.
TPTB change gas prices to help stabilize the economy in time of financial struggle. Even with the capped and waiting wells full of oil, its still a greedy nasty business in which the public has no say in when we diverge from oil to something else.
The Hirsch Report
Robert L. Hirsch is a Senior Energy Program Advisor for SAIC. Previous employment included executive positions at the U.S. Atomic Energy Commission, the U.S. Energy
Research and Development Administration, Exxon, ARCO, EPRI, and Advance Power Technologies, Inc. Dr. Hirsch is past chairman of the Board on Energy and Environmental Systems at the National Academies. He has a Ph.D. in engineering and physics from the University of Illinois.
"Peaking of World Oil Production: Impacts, Mitigation, and Risk Management" now referred to as the Hirsch Report was sponsored by the National Energy Technology Laboratory of the Department of Energy. Robert Hirsch is the Project Leader for the Science Applications International Corp.
Also read a second report published in Oct 05 by Robert Hirsch and sponsored by DOE titled "The Inevitable Peaking of World Oil Production"
Here is the link for the full report. www.netl.doe.gov...
Click Here for Oct 2005 Hirsch report titled "The Inevitable Peaking of World Oil Production" Very Important Report and worth reading. This is a shorter version of the report published in the Bulletin of the Atlantic Council
Click Here for Flash version of Dr. Hirsch presentation
Following is a summary of the report:
"Peaking" is the point where production reaches its max and begins to decline, whether we are describing a single oil field or the world's oil fields as a whole. Peaking is a reservoir's maximum oil production rate, which typically occurs after roughly half of the recoverable oil in a reservoir has been produced. This concept is important because satisfying increasing oil demand not only requires continuing to produce older oil reservoirs with their declining production, it also requires finding new ones, but we have declining finds for the past 30plus years.
The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem.
To manage the problem we face we need 10-20 years of accelerated efforts including conservation.
Peaking will result in dramatically higher oil prices
Time table of peaking is unknown but many studies and experts believe we are in the decade that will see "peaking", some predicting peaking before 2010.
The problem of the peaking of world conventional oil production is unlike any yet faced by modern industrial society. The challenges and uncertainties need to be much better understood. Timely, aggressive risk management will be essential.
The Hirsch Report asks the following question: With a history of failed forecasts, why revisit the issue now of world oil shortages. Here is their answer.
Extensive drilling for oil and gas has provided a massive worldwide database that is much more extensive than in years past.
Seismic and other exploration technologies have advanced dramatically, nevertheless oil reserves discovered per exploratory well began dropping worldwide over a decade ago. (see charts at bottom of page)
Many credible analysts have become much more pessimistic about the possibility of finding the huge reserves needed to meet world demand.
Because oil prices have been high for the past decade oil companies have conducted extensive exploration, yet results have been disappointing. This is but one of a number of trends that suggest the world is fast approaching the inevitable peaking of oil production.
The production and use of non-hydropower renewable energy sources were up in recent years. Wind and biofuels consumption (the dark blue and red bars) increased about 16 times and 8 times, respectively, between 2000 and 2010. Overall consumption of renewable energy, including hydropower, represented about 8% of total energy consumption in the United States in 2010.
The June 16 edition of Today in Energy examined the wide age range of all electric power generators for all fuels; today's article looks specifically at natural gas-fired generators. At the end of 2010, natural gas-fired generators constituted 39% of the Nation's total electric generation capacity of 1,042 gigawatts (GW). Nearly 237 GW of natural gas-fired generation capacity was added between 2000 and 2010, representing 81% of total generation capacity additions over that period.
Originally posted by Blaine91555
reply to post by epsilon69
The only reason for the shortage over the next couple of hundred years is the radical environmentalist blocking production. On the mainland US alone for instance is enough oil shale for a couple of hundred years and enough natural gas to meet all needs for around 300 years.
Under the Overthrust Belt (Wyoming / Idaho / Utah) is more oil than all of the Saudi oil. I know, I worked for the companies that located the pools thirty years ago when they found them. The wells I and my freinds worked on were all capped and forgotten. The huge field of natural gas on the high Wyoming Desert is largely untouched and the wells are capped. The moment they were located, it was shut down and the permits were blocked.
Shhhhhh, not supposed to know this
Don't fall for the hype. This is not about energy, it's about control. You have to destroy a system before you can rebuild it. The quickest way to destroy our system is through energy including fake shortages and denying what they already have found.
What there is no shortage of are academic elitists who want complete control over everything and all power in their hands using the same methods Obama taught in school.
This is not new at all. I was taught in the early 1970's that all oil would be gone by now and that so called Peak Oil would hit by around 1980. We were also taught that before now half the world would starve and that we would be in an ice age by now. There are not supposed to be any trees left by now. Who said this? Same groups.
You will find the Marxists behind all of these myths. This is their tool to bring us down so they can insert themselves as our royalty. To understand read Alinsky's stuff, the same that Obama taught to his students. We are very lucky somebody found a tape of him indoctrinating his students in Alinskys teachings. He tried to hide it but one video got loose. Problem is people don't understand what it means.
We could be completely on our own resources and have more than enough energy in a couple of decades if not for them blocking the production. The rest is all hype to indoctrinate people so they can take us over. The stupid masses can't be trusted and they must take control of us they believe. The idea of Democracy sickens them and yet they put one of their own inside the White House.
All vehicles can be ran on LNG with almost no pollution and it only costs a few hundred per vehicle to do and LNG is far cheaper to produce. We have plenty available to do that. So why have we not done that? These folks blocked it. We could have gone to LNG decades ago and prevented lots of pollution. Pollution is not what they are after, it's control they want.
Peak Oil is just another catch phrase and control tool to trick people. If they were right, we would have ran out long ago but instead there is more than ever, even though we have not even touched most of ours yet.