So, exploitable Oil reserves in the next decade are likely to be between NYT article and Klare.
I believe Peak Oil as sole focus is not a good strategy, and I see it is waning in coalitions like International Forum on Globalization. I believe it better to put more weight on Climate Change, Environmental Health, and Economic Development. Then the macro solutions are energy efficiency, productivity and clean production. Resource depletion is best coupled with pollution, and contamination of resources. To rely on scarcity of oil to drive the change doesn't work, as the owners of the oil, coal and natural gas reserves are driven to realize revenue from their reserves and maximize profit: to sell to the last drop. The Peak Oil scare tactics, has fed into the "All of the Above" campaign of the oil companies, and Drill Baby Drill... The outcome of those campaigns in 2008, have led to a decrease in focus of Peak Oil by its former allies. At the IFG.org conference in DC in 2006, there was concern about the use of fear to get what we want. Annie Leonard premiered StoryofStuff.org there with much acclaim to presenting a clear picture on how our present "linear" system doesn't work On Thu, Sep 24, 2009 at 11:26 AM, Eugene Coyle <[email protected]> wrote: > Michael Klare is a populizer of peak oil and doesn't know much about the > oil biz. > > Gene Coyle > > > > On Sep 24, 2009, at 7:14 AM, Louis Proyect wrote: > > Jim Devine wrote: >> >>> The New York Times / September 24, 2009 >>> Oil Industry Sets a Brisk Pace of New Discoveries >>> By JAD MOUAWAD >>> The oil industry has been on a hot streak this year, thanks to a >>> series of major discoveries that have rekindled a sense of excitement >>> across the petroleum sector, despite falling prices and a tough >>> economy. >>> These discoveries, spanning five continents, are the result of hefty >>> investments that began earlier in the decade when oil prices rose, and >>> of new technologies that allow explorers to drill at greater depths >>> and break tougher rocks. >>> “That’s the wonderful thing about price signals in a free market — it >>> puts people in a better position to take more exploration risk,” said >>> James T. Hackett, chairman and chief executive of Anadarko Petroleum. >>> More than 200 discoveries have been reported so far this year in >>> dozens of countries, including northern Iraq’s Kurdish region, >>> Australia, Israel, Iran, Brazil, Norway, Ghana and Russia. They have >>> been made by international giants, like Exxon Mobil, but also by >>> industry minnows, like Tullow Oil. >>> >> >> Michael Klare: >> >> Recently the press has been abuzz with major discoveries in the Gulf of >> Mexico and far off Brazil's coast that might give the impression of adding >> time to the Age of Petroleum. On Sept. 2, for example, BP (formerly British >> Petroleum) announced that it had found a giant oil field in the Gulf of >> Mexico about 250 miles southeast of Houston. Dubbed Tiber, it is expected to >> produce hundreds of thousands of barrels per day when production begins some >> years from now, giving a boost to BP's status as a major offshore producer. >> "This is big," commented Chris Ruppel, a senior energy analyst at Execution >> LLC, a London investment bank. "It says we're seeing that improved >> technology is unlocking resources that were before either undiscovered or >> too costly to exploit because of economics." >> >> As it happens, though, anyone who jumped to the conclusion that this field >> could quickly or easily add to the nation's oil supply would be woefully >> mistaken. As a start, it's located at a depth of 35,000 feet -- greater than >> the height of Mount Everest, as a reporter from the New York Times noted -- >> and well below the Gulf's floor. To get to the oil, BP's engineers will have >> to drill through miles of rock, salt and compressed sand using costly and >> sophisticated equipment. To make matters worse, Tiber is located smack in >> the middle of the area in the Gulf regularly hit by massive storms in >> hurricane season, so any drills operating there must be designed to >> withstand hurricane-strength waves and winds, as well as sit idle for weeks >> at a time when operating personnel are forced to evacuate. >> >> A similar picture prevails in the case of Brazil's Tupi field, the other >> giant discovery of recent years. Located about 200 miles east of Rio de >> Janeiro in the deep waters of the Atlantic Ocean, Tupi has regularly been >> described as the biggest field to be found in 40 years. Thought to contain >> some 5 billion to 8 billion barrels of recoverable oil, it will surely push >> Brazil into the front ranks of major oil producers once the Brazilians have >> overcome their own series of staggering hurdles: the Tupi field is located >> below one-and-a-half miles of ocean water and another two-and-a-half miles >> of rock, sand and salt and so accessible only to cutting edge, >> super-sophisticated drilling technologies. It will cost an estimated $70 >> billion-$120 billion to develop the field and require many years of >> dedicated effort. >> >> full: http://www.salon.com/opinion/feature/2009/09/24/oil/ >> _______________________________________________ >> pen-l mailing list >> [email protected] >> https://lists.csuchico.edu/mailman/listinfo/pen-l >> > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
