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Oil continues its slippery slide...blahblahblah, DanS?

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  • #76
    Originally posted by Sava
    I think the fact that we have to drill in the bottom of the Gulf, and other bodies of water, plus the fact we have to drill in remote areas of the world is proof that there is probably less oil out there than most would like to admit.
    I think it says more about tectonics and geology.

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    • #77
      Originally posted by Odin
      I have heard many estimates, but my gut feeling is that we will have peak oil between 2020 and 2030.
      Based on your extensive experience in this field?

      My gut feeling is we'll have FTL travel by 2100.

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      • #78
        Originally posted by Kuciwalker


        I think it says more about tectonics and geology.
        Our points are mutually exclusive?
        To us, it is the BEAST.

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        • #79
          The reason we go to such remote places is because oil tends to BE there due to various geological reasons that have nothing to do with having used up the vast reserves under less remote places like NYC...

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          • #80
            Originally posted by Kuciwalker
            The reason we go to such remote places is because oil tends to BE there due to various geological reasons that have nothing to do with having used up the vast reserves under less remote places like NYC...
            one problem with your thinking though... there WAS a lot of oil in United States, especially in Texas. Not so anymore.
            To us, it is the BEAST.

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            • #81
              Funny how Alberta is behaving like a third world country with its resource based economy.

              Klein is the Chavez of the North.
              Only feebs vote.

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              • #82
                Originally posted by Sava
                one problem with your thinking though... there WAS a lot of oil in United States, especially in Texas. Not so anymore.
                Eh, there still is oil under Texas. However, in the 19th century it wasn't exactly practical to get oil from, say, the North Sea.

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                • #83
                  Originally posted by Kuciwalker
                  However, in the 19th century it wasn't exactly practical to get oil from, say, the North Sea.
                  Thanks for helping me prove my point. There's still oil there because we haven't been able to get at it.
                  To us, it is the BEAST.

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                  • #84
                    All you've demonstrated is we used the really easy oil first...

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                    • #85
                      Originally posted by Kuciwalker
                      All you've demonstrated is we used the really easy oil first...
                      the difficulty of getting the oil is immaterial to this discussion...

                      but let me ask you a question... if the easy oil is used first, then there only must be difficult oil left... what happens after the difficult oil?
                      To us, it is the BEAST.

                      Comment

                      • #86
                        Originally posted by Kuciwalker
                        All you've demonstrated is we used the really easy oil first...
                        I can confirm this. Through the 1980s, oil wells were drilled in the Midwest only to about 3,500 feet to the Clinton sands. Not much exploration has occurred below that because the price of oil has been so low in the meantime. But in many spots, they expect substantial amounts of oil (at least for the Midwest) in the Rose Run sands of about 5,500 to 7,000 feet. It's just more expensive to drill the Rose Run, so fewer people have tried.
                        I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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                        • #87
                          The recent news of OPEC losing control of prices for the first time has made me concerned about this looming Peak Oil disaster.

                          http://www.msnbc.msn.com/id/7190109


                          Will the economy truly be able to switch to alternative fuels in time to prevent total depression? What fuels will we use to process alternative energy sources like hydrogen? Why don't we have access to solid data concerning the plight of Peak Oil? Gut feelings and bets are not really soothing my fears. Everything from food production, transport and manufacturing depends on oil like a junkie depends on their next hit. This issue is more severe than merely using a fuel cell bike to drive to work, over a Humvee.

                          Voluntary Human Extinction Movement http://www.vhemt.org/

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                          • #88
                            Increasing Asian (expecially Chinese) demand is the driving force for all of this. There are vast quantities of natural gas and oil that have not been exploited because the cost has been too high. When price reaches the appropriate level, those sources will be tapped. Published oil reserves only count those sources that are economically viable at the current price at the time of the reserve estimate (except in cases like Royal Dutch Shell where they purposely overestimated reserves to increase their share value).
                            “It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”

                            ― C.S. Lewis, The Abolition of Man​

                            Comment

                            • #89
                              has made me concerned about this looming Peak Oil disaster
                              God, this is like some crazy cult waiting on the beach for the apocalypse.

                              At least the Dow 30,000 folks glom on to something positive.
                              I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

                              Comment

                              • #90
                                The world economy has grown but not at some astronomical rate. I think it's just that the supply of oil just isn't going to be enough anymore. Maybe there will be alternative fuels that will make a difference when prices get high enough, or maybe not. Even if there is what will happen to the economy before then? Is oil going up to $80/barrel or higher?
                                I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                                - Justice Brett Kavanaugh

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