We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Britain faces 'oil crunch' within five years, Richard Branson warns

12346

Comments

  • Of course it could be done, and it will be when the cost benefit equation makes it neccessary.

    The ONLY transport without an already existing and commercially viable alternative is aviation. Which only uses a few percent. No doubt that will be a priority use, along with the few petrochemical processes for which there is no alternative.

    But transport will switch when using other energy sources becomes cheaper. And remaining stocks of oil will be reserved for critical applications, for which there will be plenty for a very long time to come.

    I wish I had your optimism Hamish, the problem though with this post above is it only has wishful thinking behind it, with no evidence. Here is one question amongst a myriad of questions that need to be answered within a 15 year timescale.....

    Almost everything bought to your door or the door of a shop that you use comes on a truck....... How do we transport these goods ?, electric cars are all well and good, but they don't scale to 'truck size', and lets not forget, we roughly have 15 years, to design, develop and manufacture this new product on a global scale, that in itself is inconceivable, to say nothing of the required infrastructure that would need to be set up as well.

    That's just one question that there is no answer to, there are many, many more.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker

    can a solution be found within that time that will scale upwards to the global population ?, no chance.


    Of course it can, if we put it on a war footing.

    Hitler built Germany's motorway network in 18 months. It took the UK to do the same after the war 18 years.

    If it comes to it, we WILL find a solution, but the sceptics throughout history always raise eyebroughs in that knowing way they have..even though they're always wrong.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker

    the problem though with this post above is it only has wishful thinking behind it, with no evidence.


    Do you not know history?

    The race to the moon
    Hitlers transformation of Germany within a few years
    The York Town aircraft carrier being repaired in 2 days when the skeptics said 3 months

    We CAN do what ever we want, if the need becomes critical
  • Conrad wrote: »
    Do you not know history?

    The race to the moon
    Hitlers transformation of Germany within a few years
    The York Town aircraft carrier being repaired in 2 days when the skeptics said 3 months

    We CAN do what ever we want, if the need becomes critical

    This is true. One thing that worries me is that those who seek to discredit climate science and/or resource depletion are a significant barrier to orderly progress towards the necessary transitions.
  • Conrad wrote: »
    Of course it can, if we put it on a war footing.

    Hitler built Germany's motorway network in 18 months. It took the UK to do the same after the war 18 years.

    Wrong, we already knew how to build roads, all we had to do was build more of them quickly, an easy job. What you're suggesting is we can somehow change the entire fabric of the society that has been built, it cannot be done in the timescale, end of story.

    Listen Conrad, I respect your views and you are a learned fellow of other subjects, however your 'head in the clouds' human spirit argument on this particular subject holds zero water. What you keep suggesting somehow means breaking the second law of thermodynamics, it cannot be done.
  • Conrad wrote: »
    Do you not know history?

    The race to the moon
    Hitlers transformation of Germany within a few years
    The York Town aircraft carrier being repaired in 2 days when the skeptics said 3 months

    We CAN do what ever we want, if the need becomes critical

    I agree, if the energy is available, then we can achieve miracles if we put our minds to it. The point is that over the next few years we're likey to be hit with a shortage of energy, the demand will outstrip the supply. If we cant buy the oil needed to fuel the cranes and trucks how will we build a new infrastructure?
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    So - the bearded one wants his toy railway electrified at public expense.

    Trust spinmeister Branson to come up with the most publicity grabbing story possible to push his case ;).
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I wish I had your optimism Hamish, the problem though with this post above is it only has wishful thinking behind it, with no evidence. Here is one question amongst a myriad of questions that need to be answered within a 15 year timescale.....

    Almost everything bought to your door or the door of a shop that you use comes on a truck....... How do we transport these goods ?, electric cars are all well and good, but they don't scale to 'truck size', and lets not forget, we roughly have 15 years, to design, develop and manufacture this new product on a global scale, that in itself is inconceivable, to say nothing of the required infrastructure that would need to be set up as well.

    That's just one question that there is no answer to, there are many, many more.

    Maybe we have seen peak oil but what about peak gas?

    "There is enough gas around, this is increasingly clear," he said, citing data from the International Energy Agency showing recoverable gas reserves worth 250 years of current production. :j

    "These figures are staggering," he said. "The gas is there, it is going to take investments and it needs a lot of new technology... This is truly an energy revolution." "People are looking for certainty around three key issues: availability, affordability and environmental acceptability of gas. I think gas wins on all points."


    http://news.stv.tv/business/172037-shell-sees-global-gas-demand-up/

    Yes I am very happy to hold those 6% yield Shell shares icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Maybe we have seen peak oil but what about peak gas?

    "There is enough gas around, this is increasingly clear," he said, citing data from the International Energy Agency showing recoverable gas reserves worth 250 years of current production. :j

    "These figures are staggering," he said. "The gas is there, it is going to take investments and it needs a lot of new technology... This is truly an energy revolution." "People are looking for certainty around three key issues: availability, affordability and environmental acceptability of gas. I think gas wins on all points."

    http://news.stv.tv/business/172037-shell-sees-global-gas-demand-up/

    Yes I am very happy to hold those 6% yield Shell shares icon7.gif
    it's very lucky that you bought that company that by 2012 will not be an Oil player but a major Gas player...

    i'm just waiting for that dip to stock up some of those 6% yielding Shell shares...
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    chucky wrote: »
    it's very lucky that you bought that company that by 2012 will not be an Oil player but a major Gas player...

    All the IOC's have been major gas "players" for some time. In the last few years I have been involved in more LNG & GTL projects than any oil related activities.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.