Peak Oil- what it is and how it will impact your life

Dare an Alaskan comment here? I better go read the whole thing, even though I have been on The Oil Drum for years, lol

 

Minteman, you sound just like Al Gore! "The only debate has been the timing. That debate is very nearly settled."

Look up Thomas Gold on the web (see Oil Without End? Revisionists say oil isn't a fossil fuel. That could mean there's lots more of it. - February 17, 2003). Even in the 19th century, many scientists doubted the idea of "fossil fuel" for oil & gas. It's more likely that oil & gas are methane-related and that the earth contains, for all practical puposes, unlimited amounts. Dry wells have been re-filling, from below. We keep finding more and more supplies. It isn't running out; it's growing.

Pegleg

 

Pegleg: (Blashemer!
Even if every single drop of crude oil IS "abiotic" (i.e. not fossil) it still takes a millennium to collect. Like the liquid saturating a potato you can only extract so much in a given time.
So even if every field currently producing WILLdefinitely "refill itself in 10million years: It might as well belooked at with the current "fossil fuels"model.

 

I spent the last hour or so reading the your articles on the first couple of pages, MinuteMan, and I can't help but think that we are now in the beginning of the transition phase, as mentioned on one of the articles. So many things in these articles, which I noticed were written 6+ years ago, were accurately predicted and are happening now. Sadly, many people are still uninformed. I find that out of those that I briefly talk to, only 1 or 2 realize something is wrong. Most don't want to know about it and continue to live in that state of denial because "seeing" would mean leaving the convenience of the "comfort zone". Until recently, I was an avid Facebook junkie, always sharing articles with my circle of friends and family. It's sad to know that out of the roughly 170 "friends" and 2 "subscribers" that I had, only about 5 of them really paid attention. However, I still try to talk to people and inform them, choosing my words carefully and observing their responses.

Alex Jones comes to mind when I read these articles and make connections with the news that I read on his website. I'm sure many of you here are familiar with Alex Jones, but, in the case you are not, his website is infowars.com.

Thank you for these very informative posts. I'm sure to come back and continue reading them where I left off. I just wanted to put in my two cents.

 

I too, am intimately familiar with the recovery of hydrocarbons process..
I too, am familiar with the "peak oil" model, since I was born..
I too am familiar with the abiotic theory of oil..

Ultimately, oil is a commodity with a limited supply for the demand.
The only reason why we have been blessed with cheap hydrocarbons here in the states (where the rest of the world pays up to $5 more per gallon) is because oil is tied to the american dollar..

Oil peaked, then technology made it so that we could get to more of it..

We are now, at the limit of our technology for recovering it. If there are massive pools of oil, out of the reach of current technology, we are drinking what we can get to, waaaay faster than our ability to retrieve..

Its that simple.
There's less of it, and more people wanting it.

If they ever do accomplish detaching oil from the greenback, America will be in a world of hurt overnight, as, gasoline prices will double, some say even triple. (overnight)
and is why the american government defends that position violently..
Thats the ONLY reason why we in america, are paying some of the cheapest prices in the world, for petroleum products..

just sayin

 

Not around here. Jumped 30 cents in a week
over 4 dollars in many places. 4.15 at the closest station.
talked to my favorite station owner, they will be dropping to 3.97 in the morning. w00t 5 cents.

 

After watching BP in the Gulf of Mexico, I don't believe in peak oil. Mater of fact I believe anywhere you drill in the gulf will yield the same results. This oil is the result of algea and dead marine life, over millions of years. This continues now. Peak oil not in our life time.

 

Ahh, No ! First you have to have 4D seismograph of the area, Then if it's not leased from the Feds, Your not drilling.Period.
Some blocks will never be leased due to National security/oil resevers, etc.etc.
Beside's if you use that theory them any place on land should hold oil ?

 

Refineries is how they can maintain high prices. there problely hasn't been a refinery built in the US in tweny years.