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I went to the gas station today & pumped 40 gallons into my truck. All the pumps around were pumping full blast. If there was a shortage no gas would come out of the hose. I look at the EIA website & it shows the largest oil glut on record. This Peak Oil sounds a lot like Global Warming. Colder & wetter seasons forced them to change to Climate Change.
That aside, we know where the reserves are and it would take little more than a matter of a few months to put them into full production.
I went to the gas station today & pumped 40 gallons into my truck. All the pumps around were pumping full blast. If there was a shortage no gas would come out of the hose. I look at the EIA website & it shows the largest oil glut on record. This Peak Oil sounds a lot like Global Warming. Colder & wetter seasons forced them to change to Climate Change.
And, like climate change, gluttonous cons cite occasional April snow fall as their main piece of evidence against it.
It's not our fault you're too intellectually challenged to recognize the difference between short-term and long-term capacity. Tool.
Where is your evidence there is global warming.
The only thing I see is the natural cycle of the earth. No proof has been presented the earth is warming. Just flimsy theory based on CO2, CO2 which you can buy as dry ice. CO2 likes to be cold.
Where is your evidence there is global warming.
The only thing I see is the natural cycle of the earth. No proof has been presented the earth is warming. Just flimsy theory based on CO2, CO2 which you can buy as dry ice. CO2 likes to be cold.
While its painfully transparent that your position on peak oil has become untenable, you won't be derailing the topic here. This thread isn't about climate change, it's about the fraudulent assertion of some "oil glut."
No one will be following you down that rabbit hole, just because you and your allies here are out of bullets regarding world reserves.
Where is your evidence there is global warming.
The only thing I see is the natural cycle of the earth. No proof has been presented the earth is warming. Just flimsy theory based on CO2, CO2 which you can buy as dry ice. CO2 likes to be cold.
While its painfully transparent that your position on peak oil has become untenable, you won't be derailing the topic here. This thread isn't about climate change, it's about the fraudulent assertion of some "oil glut."
No one will be following you down that rabbit hole, just because you and your allies here are out of bullets regarding world reserves.
Hubbert's Peak, The Peak
Hubbert's Peak
in the 21st Century
World oil production will start to fall sometime during this decade, never to rise again. In 1956, M. King Hubbert predicted that U.S. oil production would peak in the early 1970's. Although Hubbert was widely criticized by some oil experts and economists, in 1971 Hubbert's prediction came true. The 100 year period when most of the world's oil is being discovered became known as "Hubbert's Peak". The peak stands in contrast to the hundreds of millions of years the oil deposits took to form. Hubbert's methods predict a peak in world oil production less than five years away.
Hubbert's methods predict a peak in world oil production less than five years away.
Ordinarily, we look to new technology for solutions to problems. Until recently, the oil industry enjoyed a higher rate of return on invested capital than any other industry. Historically, the most rewarding use of the profit was investing it into developing better ways of finding oil. As a result, the origin, trapping, exploration, and production of oil became advanced fields of knowledge. We cannot benefit today from reinventing those wheels.
There are long-term solutions to our future energy problems: conservation and both fossil and renewable energy sources. Unfortunately, large-scale implementation of these solutions requires more than five years and the industrialized nations have done little to address the short-term problem.
You forgot to mention, and I also noticed you cut out the fact, that the prediction was made back in the 1970's.
In other words....FAIL?
You forgot to mention, and I also noticed you cut out the fact, that the prediction was made back in the 1970's.
In other words....FAIL?
Your lack of reading skills aside, it says in the first sentence he made the prediction in 1956 about U.S. production peaking in 1970, and he was one year off. What are you talking about?
It also says world production would peak in the first decade of the 21st century. ALL evidence indicates that we are currently at peak, and have plateaued since 2004.
Again, HOW is that fail? Try and respond this time without alluding to irrelevant anomalies like 1 in 1000 kiddie pools "refilling" in our Gulf.
Thus far we have explored only 20% of the planet for oil, new and improved technology is allowing us to explore new areas for oil.
I speculate that the largest oil reserves in the world have yet to be discovered.
Oil production in the US has dropped to the lows we see today due to legislative fiat. How exactly is it peak oil when there is plenty of oil in the ground, it's just the oil companies are not allowed to go get it?
And once again, why is peak oil predicated on light crude which is uncommon in the world as a whole? There is a 30 to one ratio of heavy to light crude in the world so why resort to yet another fictitous methodology? Hmm?
And I suggest you refrain from comparative reading comprehension levels. You've allready exhibited a fundamental lack of education in that particular area.
Thus far we have explored only 20% of the planet for oil, new and improved technology is allowing us to explore new areas for oil.
Where is your link corroborating that assertion that we've only explored 20%? Landmass? Does that include the deep ocean? What is considered 100%? And how far down?
I speculate that the largest oil reserves in the world have yet to be discovered.
Your entire argument is speculation.
LOL.
You: There's plenty of oil here.
Me: OK, where? Support your claim.
You: I don't have to link, it's in the ground. duh!
Generally, when trading opinions on the intrawebz, it's standard procedure to back up your work with corroboration. For the dozenth time, please show where you're getting your assertion that there is "plenty" here in the U.S. Let's settle on a ballpark figure for proven reserve totals here. Doesn't have to be specific. Can you handle that? Where is the light crude (which our empire is entirely built upon)?.... If you're referring instead to far more expensive heavier, dirtier shale and tar sands, say that, and then we can cover that particular fail.
And once again, why is peak oil predicated on light crude which is uncommon in the world as a whole? There is a 30 to one ratio of heavy to light crude in the world so why resort to yet another fictitous methodology? Hmm?
Gosh, I dunno "scientist." Because light crude has returned a 200:1 down to 20:1 ratio for return on energy investment over the years, and light crude is why we are where we are today - empire? Meanwhile heavy oil is around 3:1 down to 1.5:1, and will NOT sustain 7% growth by even the lamest extrapolation? This has been covered countless times throughout this forum, but clearly you're just the latest slow pony.
And I suggest you refrain from comparative reading comprehension levels. You've allready exhibited a fundamental lack of education in that particular area.
Ah, no. That would be you. But not just in reading comprehension, you obviously don't even know your own alleged industry. You "do science," but you're just a bit fuzzy on the profound differences between light crude and kerogen/bitumen.
Wow, are you over your head on this topic.
I posted this in another thread but the significance is Peak Oil shattering
An entirely alternative theory of oil formation has existed since the early 1950’s in Russia, almost unknown to the West. It claims conventional American biological origins theory is an unscientific absurdity that is un-provable. They point to the fact that western geologists have repeatedly predicted finite oil over the past century, only to then find more, lots more.
Not only has this alternative explanation of the origins of oil and gas existed in theory. The emergence of Russia and prior of the USSR as the world’s largest oil producer and natural gas producer has been based on the application of the theory in practice. This has geopolitical consequences of staggering magnitude.
Ropey, what you believe is irrelevant. What can you prove? King Hubbert made a rock solid prediction in 1956 concerning the peak oil of the US. And missed by only a year. If there were big untapped fields in the US, nothing would stop the oil companies from tapping those fields.
Frauds like Walleyes can lie all he cares to concerning the Hubbert Curve. It has been right on thus far.
