OIL CRISIS VIDEO-Peak Oil Introduction

[Dangerkitty]

Am I imagining things or is the fact that there is an intelligent conversation going on here about our energy future mean people are starting to accept peak oil as a possibility? Admitting there is a problem is the first step. Conventional easy to get oil reaching a peak production is going to be the challenge to overcome for mankind for several decades to come. The price is going a LOT higher before this is over with. We're all going to have to get used to much more expensive energy till alternatives can make a difference in a decade or two. Jet

The "Oracle of Oil" was on CNBC the other day. CNBC claims he is right about oil and gas over 90% of the time. He mentioned that Oil would go over $80 a barrel and then down to the $55 dollar range.

He never mentioned a thing about Peak Oil. His reasoning for the oil spikes was demand was high and that production was at Capacity.

Peak oil is bunk. This is the marketplace at work.

Once again Jetflyer, if you are so concerned about peak oil then stop flying airplanes and contributing to this problem you have imagined.

 

[SPilot]

Peak oil is bunk. This is the marketplace at work.

Am I getting you right, that because CNBC speaker didnt mention 'peak oil', you're assuming this whole oil-price thing will go over in a short time?

He said: demand is high, production is at capacity.
Will demand decrease in the near future? (air traffic increasing, the yellow man is beginning to get a taste for gasoline)
Will production catch up? American oil companies does not hold the majority of orders for new rig constructions at the few remaining yards. The most emerging market right now is in the indian ocean, but they are pumping oil for their own rapidly expanding market.

That the outlet pressure in oil wells decreases after a while, have been well known since the late 70's, so maybe the CNBC-oracle didnt mention it because it is old news?

 

[caliginousface]

The "Oracle of Oil" was on CNBC the other day. CNBC claims he is right about oil and gas over 90% of the time. He mentioned that Oil would go over $80 a barrel and then down to the $55 dollar range.

He never mentioned a thing about Peak Oil. His reasoning for the oil spikes was demand was high and that production was at Capacity.

Peak oil is bunk. This is the marketplace at work.

Once again Jetflyer, if you are so concerned about peak oil then stop flying airplanes and contributing to this problem you have imagined.

You know who predicted the US peak of oil production and when it would happen? Dang, I wonder if that means anything.

jetflyer, I gained interest in the topic during my short stint at Erby Diddle Airplane School. Is this a serious issue? Well I think if even energy exec's are saying "alright, we've got a problem here," I think we should think a little deeper. The problem with getting that hard to reach oil is that eventually we'll be expending more energy that we get out. Deep down I hope problems arise for the human race, so we all see the simple things in life are what matter, and that religion and ethnicity mean nothing, and crying over American Idol results and My Super Sweet Sixteen characters can grow the ******************** up.

To deny there is no problem or state that a decline is actually happening can and probably will prove to be very foolish. Oil go down to $55? Don't hold your breathe. With the two big guys over in Asia going crazy with expansion, I don't think it's possible.

I try and find some info about this EROEI stuff and see if you guys dig it.

 

[caliginousface]

Oh btw if any of you think it's "dang liburls" claiming this madness, should any of you know who the US Army Corps of Engineers are, they released a report in September 2005 which included the following:

You ready?

The doubling of oil prices from 2003-2005 is not an anomaly, but a picture of the future. Oil production is approaching its peak; low growth in availability can be expected for the next 5 to 10 years. As worldwide petroleum production peaks, geopolitics and market economics will cause even more significant price increases and security risks. One can only speculate at the outcome from this scenario as world petroleum production declines.

Oh snap!

Energy consumption is indispensable to our standard of living and a necessity for the Army to carry out its mission. However, current trends are not sustainable. The impact of excessive, unsustainable energy consumption may undermine the very culture and activities it supports.

Demand now exceeds production and we are seeing that effect on prices. After the peak is reached, geopolitics and market economics will result in significant price increases above what we have seen to date. Security risks will also rise. To guess where this is all going to take us is would be too speculative. Oil wars are certainly not out of the question.

If you guys want the 86 page report, let me know.

 

[SPilot]

Back in the eighties it was said that in the event that oil production was interrupted, it would take 27 days before all reserves would be emptied, and all fuel based transportation in America would stop. Any of you know how long time this would take if oil production halted today? Having protected fuel reserves should certainly be a matter of national security - if terrorists are able to stop the continous production and supply of fuel to America, there can be quite severe consequences for everyone dependant on food transportation (which is everyone who gets their food from walmart or mcdonalds).

I'm surprised at how little action the american oil exploration companies like Noble, Pride and Transocean have taken to secure future exploration capacity. Right now the new constructions currently in production at KEPFEL and PPL (the largest shipyards specializing in building rigs) are being sold to companies in India, without any attempt from american oil companies to bid for these rigs.

 

[threegreen]

Let's freeze the sands of colorado, then heat it up and draw the oil out of it. Use nuculear power for the energy required... 100 bucks a barrel until the ocean level rises and we're all swimming.

 

[CrimsonEclipse]

If you guys want the 86 page report, let me know.

I do.

Hey Jetflyer!
I thought we agreed to stow this conversation until we hit the
$80/barrel mark!

CE

 

[caliginousface]

I do.

Hey Jetflyer!
I thought we agreed to stow this conversation until we hit the
$80/barrel mark!

CE

http://stinet.dtic.mil/cgi-bin/GetTRDoc?AD=ADA440265&Location=U2&doc=GetTRDoc.pdf save as, etc.

 

[IFollowRoads]

There is no spoon.

 

[jetflyer]

Crimson

It's stuck at this $75.00/barrel point and I have a couple days off with the wife at work and I'm bored and I found that cool video! I thought surely we'd be above $80 by July 4th, but I guess we'll have to wait for the hurricanes. I don't think it will be long though!

Jet