Just in: Peak Oil in 2007? By Carlton Meyer Jun/13/2007
As the global warming controversy heats up, so has discussion of "peak oil" — the time when world oil production will peak and then decline. Some people dismiss it as a plot by big oil companies to justify high prices, while others assume this is another deception campaign by environmentalists to encourage conservation. Given the continual manipulation of public opinion, doubts about peak oil are understandable. The world is massive and providing cheap fuel has never been a problem throughout our lifetime. Technological advancements in fuel efficiency and alternative energy should provide a solution before the Earth runs out of oil. Nevertheless, there are five reasons to worry that peak oil is near: Five reasons to worry that peak oil is near: http://www.sandersresearch.com/index.php?option=com_content&task=view&id=1254 On 6/15/07, Leigh Meyers <[EMAIL PROTECTED]> wrote:
Replacement rates are a physical reality dependent on a number of factors NONE OF WHICH are currently (or in the foreseeable future) in favor of the petrochemical industry or it's exploration minions.. physically, as in Shell being chased out of the Niger Delta by force, or economically, as in cruder oil costing more to process, coming from places where we have to supply costly security, or costlier wars, to acquire the raw product AND pass that cost on to the consumers personal or industrial. "Reserves" are a hypothetical, gerrymandered, joke of minimal global proportion. I don't bother discussing them at all in relation to 'peak oil'. Leigh On 6/14/07, sartesian <[EMAIL PROTECTED]> wrote: > Replacement rates and reserves are economic categories, dependent upon > exploration and development, and of course exploration and development > costs. > > After the overproduction and overaccumulation of the 90s, in both the > commodity itself, in the fixed assets, and the leases for exploration, > the oil majors reduced spending and centered their efforts on > development rather than exploration. > > Anyway, while I do not think the oil is running out, that is no reason > not to deal with the issues of waste, pollution, and destructive > expropriation of resources. > ----- Original Message ----- > From: "Leigh Meyers" <[EMAIL PROTECTED]> > To: <[email protected]> > Sent: Thursday, June 14, 2007 1:03 PM > Subject: Re: [PEN-L] Peak oil warning > > > > It's been a number of years since the oil companies have been able to > > produce enough at the wellhead to prevent depletion. > > > > On 6/14/07, s.artesian <[EMAIL PROTECTED]> wrote: > > > Have supplies, reserves, "peaked," > > > and no future discoveries, extensions of reserves, or > > > new technologies to access remaining reserves (usually > > > half the amounts actually extracted) will ever reverse > > > the depletion? Or have supplies of the "cheap stuff" > > > peaked? And if the latter, isn't cheap a social, > > > not a geological, category? > > > > > > -----Original Message----- > > > >From: Louis Proyect <[EMAIL PROTECTED]> > > > >Sent: Jun 14, 2007 9:59 AM > > > >To: [email protected] > > > >Subject: [PEN-L] Peak oil warning > > > > > > > >http://news.independent.co.uk/sci_tech/article2656034.ece > > > > > >
