This doesn't make sense. Oil is a commodity, and is traded on a world marker. Just because oil is coming out of the ground here in 60 years as opposed to somewhere else will not effect the price, and it will not effect where it goes. The oil companies will sell to whoever buys it. Unless you are implicitly stating you favor nationalized oil, which would at least be consistent with your other socialist leanings. We will always have access to oil. It doesn't matter where it comes from. World market. You are creating a false dilemma.
Well, this part is true but equally as true that the neo-cons were horribly greedy with assuring that one of the worlds largest potential producers...does not produce. http://www.gregpalast.com/the-best-thing-in-the-world-for-big-oil/ The validity with peak oil is questionable and it all depends on the ideas from geologist who are sworn to the agenda for big oil. The more they have everyone believing that we will run out of crude in our or our childrens lifetime, the more power they will have to continue influencing the price of fuel. Like I said, IF someone credible stated that oil will last forever or we will build a pipeline from Mars then the price of oil will fall, hard. Big oil does not want that to happen. To maintain their ridiculous profit margins ALL oil must be on the same page otherwise the market will take a dump with just even one stepping out of line. It is in everyone's best interest that they all remain on the same page. Every oil company is competing to...not produce more oil, keep prices inflated.
Make your case. Do you deny that reserves have peaked? Do you deny that oil is in terminal decline? Do you deny that new discoveries are falling? Do you deny that demand is rising? What exactly is "questionable" about it? Do you imagine that supplies are endless? Not at all. There is much independent research confirming that oil is ephemeral. Moreover there are major oil industry pundits that are critics of Peak Oil. Hey, I'm not a fan of Big Oil either, but that does not make me paranoid about them and it certainly doesn't make me deny the research science. If you have evidence that Peak Oil is false and simply a creation of Big Oil, then make a case. Good luck, sir.
Relax amigeaux, the only case I am trying to make is that there should be some objectivity injected into data released by common industry whores. Forcing charts and graphs against each other while discrediting the others chart is fruitless and hardly an argument worth sharing. I do not believe we are swimming in crude but I also reject data submitted by someone who doesn't use a dip stick. That is like trusting something that bleeds for a week but won't die (sorry ladies). Peak oil, though not climate change, is widely debated by many with invisible dip sticks. Peak oil is not an exact science so the only thing I am trying to point out is consider the source all while having fun exposing the machine for what it is. Well, I guess if I have too...here geauxs: $4.fucking17 a gallon last week, down from damn near 6 bucks 2 months ago. Should I forgive them now? The real point of this thread is not peak oil but how it is our country can seek A_BIT_MORE_ INDEPENDENCE from the stranglehold imposed by big oil. Mitt ran on energy independence and Bam Bam echo's the same intentions. Time for somebody to put up or filler up, right? T-Boone has a platform and the news from the IEA has given him an erection, legendary in his own mind. Do you (anyone) share his plan or could there be others with similar plans on a different scale? China has a plan of sorts: http://www.reuters.com/article/2012/10/31/china-gas-policy-idUSL3E8LV5DN20121031 They also want more taller men for basketball. Sorry...again, ladies.
The traditional definition of Peak Oil in the domestic inland US has been pretty well measured as accurate for the last 40 years. We have increased reserves by improved gathering methods. Also expanding areas where oil can be produced such as deep water Gulf of Mexico has masked this. That said I am not sure what the recent development of Oil Shale development does to the theory of Peak Oil. Red was the wet shale product induded in Peak Oil? I truly don't know. If it was then the theory stands as is and we hit Peak Oil in the mid 70's. If not the theory hold just the date is shifted.
Not initially, but more recent studies have tried to include it. The problem in all the formulas are the variables. Especially the "recoverable" oil. More oil exists than it is possible to recover, especially in oil shale. Some formulae anticipate that undiscovered technology will make more of this gettable by the time we need it. The rise in prices that will occur when supplies grow small will enable some of this to be gotten because it in no currently economical to try to get to it. When oil is $600 a barrel, it will pay to go after very small, very deep, and very complex oil deposits.
Thanks basically as I see it the theory that all the oil we will see in a reasonable time span (thousands not millions of years) exists today and is finite. As Red says as oil becomes more scarce the economics will favor extracting the more difficult product. The importance of Peak Oil theroy is to understand it and make the most accurate calculation of how much exists so as it is depleted we can manage a transition to outher resources. One other thing to remember it oil & gas as a power source is important but not as important as it is as a feedstock to the "plastics" industry. Few realize how much we depend on polymers from oil & gas to support our very civilization. It is enough for a seperate discussion but look at what you use, touch and see everyday and imagine life without these things. I think we will have an easier time replacing fossil fuels for power and transportation than we will finding a substitute for "plastics".
A release from T-Boones desk: http://www.linkedin.com/today/post/...to-their-own-hands?trk=eml-mktg-condig-118-p1 Thoughts-
