3.69 gas is making Americans believers David Miller wrote:
> Mike Weaver wrote: > >>Redler, you never like my ideas. You've made me cry. Now how do you >>feel? *snif* >> >>Ok I can't leave well enough alone. A good friend who follows peak oil >>pretty closely sent me this. I think it's optimistic at best and pretty >>delusional at worst. >> > > I found it to be very revealing. Keep in mind that "The Economist" is > about as conservative as they come. > > For decades now BigOil(tm) has been telling us that there's no global > warming, no shortage of oil, no peak oil event to be concerned about. > Reserves were essentially endless and we could all drive our SUV's > without a worry. > > While their conclusions were kind of suspect (Don't worry! Be Happy!) > the number of points they conceded was a shocker to me. Things like these: > > /It is true that the big firms are struggling to replace reserves ....... > > And as the great fields of the North Sea and Alaska mature, non-OPEC > oil production will probably peak by 2010 or 2015 ...... > > > /[Note: Do they have ANY idea at all what peak oil OUTSIDE OPEC will > mean to the industrial world?] > > > /After Ghawar....../ > > /Further, just because there are no more Ghawars does not mean an end > to discovery altogether. Using ever fancier technologies, the oil > business is drilling in deeper waters, more difficult terrain and even > in the Arctic (*which, as global warming melts the polar ice cap,* > will perversely become the next great prize in oil). ...... > > > In recent weeks a scandal has engulfed Kuwait, too. /Petroleum > Intelligence Weekly /(PIW), a respected industry newsletter, got hold > of government documents suggesting that Kuwait might have only half of > the nearly 100 billion barrels in oil reserves that it claims (Saudi > Arabia claims 260 billion barrels)....... > > The other worry of pessimists is that alternatives to oil simply > cannot be brought online fast enough to compensate for oil's imminent > decline. ...... > > The best reason to think so comes from the radical transformation now > taking place among big oil firms. The global oil industry, argues > Chevron, is changing from “an exploration business to a manufacturing > business”. [] Several big GTL projects are under way in Qatar, where > the North gas field is perhaps twice the size of even Ghawar when > measured in terms of the energy it contains. Nigeria and others are > also pursuing GTL.// Since the world has far more natural gas left > than oil—much of it outside the Middle East—making fuel in this way > would greatly increase the world's remaining supplies of oil....... > / > > For a right-wing paper like them this is practically a wholesale > surrender. They're actually talking about global warming, peak oil, > alternative fuels, finding less oil than we're using, etc etc. It's > progress - the more they start to acknowledge these things the less > the environmentalists/peak-oil people look like nutcases. It's just a > different interpretation of timing. > > They'll come 'round in the end, of course. If they're right about > non-OPEC oil peaking in 2010 to 2015 current administrations all > around the world ought to sit up and take notice though - with demand > growing and non-OPEC production declining they're completely in the > drivers seat. > > --- David > >>How long will it take (and cost) to get all this >>whiz bang stuff going? There's no doubt in my mind the petro economy >>is doomed. Now, if we had any sense we'd wean ourselves NOW, while we >>can, use whatever technology may work to do it and move to the next >>phase. Even in the best case scenario the price of oil is going to >>continue to climb and climb. >> >>They also make the sweeping statement that "the World is not about to >>run out of oil". The world WILL NEVER run out of oil. There just WON'T >>BE ENOUGH for everyone to go as we are. I'm sure there will alwasy be a >>trickle ot two... >> >>Weaver >> >> >> >> >>Michael Redler wrote: >> >> >> >>>Schizophrenic/Procrastinating/Clueless economists: >>> >>>They concede to: >>> >>>The rising costs of oil exploration >>>The eminent peak and subsequent end to oil as a main source of fuel >>>The fact that for every three barrels used there is only one barrel of >>>newly discovered oil to replenish it. >>> >>>At the same time they seem to feel that new technology and techniques >>>in exploration and the resulting increase in yield allows you to delay >>>the peak. >>> >>>They also make the sweeping statement that "the World is not about to >>>run out of oil". >>> >>>What does "about" mean and when will they have the foresight to see >>>the value of doing something sooner rather than later? More >>>importantly, who is "the World" and when are they going to count >>>countries (i.e. Iraq) who are slowly losing control of their oil. >>> >>>What a bunch of crap! >>> >>>Weaver!! You couldn't leave well enough alone, could you. >>> >>>Mike >>> >>> >>>*/Mike Weaver <[EMAIL PROTECTED]>/* wrote: >>> >>> http://www.economist.com/finance/displaystory.cfm?story_id=6823506 >>> >>>------------------------------------------------------------------------ >>> >>>_______________________________________________ >>>Biofuel mailing list >>>Biofuel@sustainablelists.org >>>http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org >>> >>>Biofuel at Journey to Forever: >>>http://journeytoforever.org/biofuel.html >>> >>>Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): >>>http://www.mail-archive.com/biofuel@sustainablelists.org/ >>> >>> >>> >>> >>> >> >> >>_______________________________________________ >>Biofuel mailing list >>Biofuel@sustainablelists.org >>http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org >> >>Biofuel at Journey to Forever: >>http://journeytoforever.org/biofuel.html >> >>Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): >>http://www.mail-archive.com/biofuel@sustainablelists.org/ >> >> >> >> >> >> > >------------------------------------------------------------------------ > >_______________________________________________ >Biofuel mailing list >Biofuel@sustainablelists.org >http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org > >Biofuel at Journey to Forever: >http://journeytoforever.org/biofuel.html > >Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): >http://www.mail-archive.com/biofuel@sustainablelists.org/ > > > _______________________________________________ Biofuel mailing list Biofuel@sustainablelists.org http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): http://www.mail-archive.com/biofuel@sustainablelists.org/
