DeletedUser30834
Sigh..
http://en.wikipedia.org/wiki/Peak_oil
Some people will believe anything when it is what they want to believe. Actually the problem is the presentation and I will point out why that's a problem later. Take a look at those links and I quoted a few things from some of them. Most of all, take a look at the peak oil link before this as it is the peak being talked about, not the peak of a specific reserve.
http://www.youtube.com/watch?v=LHD4U2q_p4c
http://www.physorg.com/news80491301.html
http://articles.cnn.com/2011-02-23/...producer-surplus-oil-peter-beutel?_s=PM:WORLD
http://af.reuters.com/article/energyOilNews/idAFL5E8D254Q20120202
"Globally, the world has about 7 million barrels a day too much capacity. Recent events whether Petroplus or otherwise have seen about a million barrels affected globally, so that's only 6 million barrels," Shell's chief financial officer, Simon Henry, said at a news conference. (that is about the entire production values of Saudi Arabia alone and this statement was made last February.
"Changing economics, technological advances and efforts such as recycling and substitution make the world's mineral resources virtually infinite, said Cheney, a UW professor emeritus of Earth and space sciences. For instance, oil deposits unreachable 40 years ago can be tapped today using improved technology, and oil once too costly to extract from tar sands, organic matter or coal is now worth manufacturing. Though some resources might be costlier now, they still are needed."
We are not pumping oil at the full capacity that we could as it stands right now. As I said, OPEC has throttled the tap, we already discussed new oil sources coming online in Uganda which isn't at capacity or even figured into the mix yet. The problem with peak oil is that it is artificial and ignores advancements in technology and efficiency in uses. It assumes that the state of technology surrounding extracting oil, refining it, and taking it to market will be stagnate forever and that our usage will not become more efficient ever or shift away from it. That is not the case at all. IF demand spiked tomorrow, they would pump more of it out of the ground the next day.
Most of this doom and gloom about running out of oil is spread by people with motivations. the green idiots religiously believe we are running out of oil in order to push their alternative energy agendas. The oil companies want access to reserves they are locked out of because of environmental or political reasons. Some politicians like high oil prices because it separates the poorer people and gives them a renewed chance to "reach out" to them. Some politicians who think taxing oil so people are excluded from using it will save the environment from global warming. Others think the beach houses they just purchased after spending more then 5 years warning that global warming was going to flood the coast line will have a higher resale value.
I would also caution a graph that starts during the oil embargo. It is almost as if it was manipulated for specific purpose- not that you had anything to do with that in and of itself. But it's not a stretch considering that BP oil wants to drill in areas the US has disallowed for political or environmental reasons..
http://en.wikipedia.org/wiki/Peak_oil
Some people will believe anything when it is what they want to believe. Actually the problem is the presentation and I will point out why that's a problem later. Take a look at those links and I quoted a few things from some of them. Most of all, take a look at the peak oil link before this as it is the peak being talked about, not the peak of a specific reserve.
http://www.youtube.com/watch?v=LHD4U2q_p4c
http://www.physorg.com/news80491301.html
http://articles.cnn.com/2011-02-23/...producer-surplus-oil-peter-beutel?_s=PM:WORLD
http://af.reuters.com/article/energyOilNews/idAFL5E8D254Q20120202
"Globally, the world has about 7 million barrels a day too much capacity. Recent events whether Petroplus or otherwise have seen about a million barrels affected globally, so that's only 6 million barrels," Shell's chief financial officer, Simon Henry, said at a news conference. (that is about the entire production values of Saudi Arabia alone and this statement was made last February.
"Changing economics, technological advances and efforts such as recycling and substitution make the world's mineral resources virtually infinite, said Cheney, a UW professor emeritus of Earth and space sciences. For instance, oil deposits unreachable 40 years ago can be tapped today using improved technology, and oil once too costly to extract from tar sands, organic matter or coal is now worth manufacturing. Though some resources might be costlier now, they still are needed."
We are not pumping oil at the full capacity that we could as it stands right now. As I said, OPEC has throttled the tap, we already discussed new oil sources coming online in Uganda which isn't at capacity or even figured into the mix yet. The problem with peak oil is that it is artificial and ignores advancements in technology and efficiency in uses. It assumes that the state of technology surrounding extracting oil, refining it, and taking it to market will be stagnate forever and that our usage will not become more efficient ever or shift away from it. That is not the case at all. IF demand spiked tomorrow, they would pump more of it out of the ground the next day.
Most of this doom and gloom about running out of oil is spread by people with motivations. the green idiots religiously believe we are running out of oil in order to push their alternative energy agendas. The oil companies want access to reserves they are locked out of because of environmental or political reasons. Some politicians like high oil prices because it separates the poorer people and gives them a renewed chance to "reach out" to them. Some politicians who think taxing oil so people are excluded from using it will save the environment from global warming. Others think the beach houses they just purchased after spending more then 5 years warning that global warming was going to flood the coast line will have a higher resale value.
I would also caution a graph that starts during the oil embargo. It is almost as if it was manipulated for specific purpose- not that you had anything to do with that in and of itself. But it's not a stretch considering that BP oil wants to drill in areas the US has disallowed for political or environmental reasons..