The Era of "easy oil" is over

Phirefly

Tozer wrote: »

1. Google it. Plenty of articles!.

Perhaps you should do some googling. This thread has so far been a refreshingly relevant and informed debate which I feel is diluted by the suggestion that outmoded concepts such as 'global warming' are of relevance here.

Conrad

Phirefly wrote: »

This thread has so far been a refreshingly relevant and informed debate which I feel is diluted by the suggestion that outmoded concepts such as 'global warming' are of relevance here.

Framing global warming as 'outmoded' is merely a clumsy attempt to wrestle opinion in the direction of your robotised reality tunnel.

ixwood

Interesting stuff. I think it's quite bubbly at the minute. Medium-long term it's a problem, but we're a way off yet.

It hasn't been worthwhile really looking for the stuff for 20 years or whatever.

Oil's absolutely vital to out modern life though. The 35000 man hours in a barrel or whatever it was quote was insightful. It's this cheap "labour" that's let us live like we do.

I know it's fashionably these days to predict the end of the world, but there's little doubt that once we've done all the fossils fuels, mankind has peaked.

ixwood

The "what global warming?" thing makes me laugh. One look at the graphs showing temperatures against CO2 output shows there's something to it.

ixwood

This graph took my attention from an earlier link:-

http://en.wikipedia.org/wiki/Image:Oil_Prices_1861_2007.svg

Is it me, or does it show that a small oil price increase causes a massive rise in inflation? I knew it was related, but never really looked at the relationship between oil price and inflation before. The inflation reactions do look VERY magnified.

Ergo, are we heading for a massive inflation hit (or stagflation with things as they are)? I know inflation is widely accepted as being an issue now, but the assumption seem to be that a few rate cuts (or even not rises) and bobs your uncle, it's under control again.

Is there mega inflation coming, regardless of rates etc?

posh*spice

http://news.bbc.co.uk/1/hi/uk_politics/7422802.stm

"Mr Hutton also unveiled plans for new oil and gas fields to be carved out of unprofitable parts of around 30 existing fields, which could see additional daily production of 20,000 barrels of oil."BBC News


OMG tell me I'm over-reacting and being alarmist but when they start bringing up "the difficult" to get at oil, doesn't that mean we're in a bad place.

posh*spice

ixwood wrote: »

This graph took my attention from an earlier link:-

http://en.wikipedia.org/wiki/Image:Oil_Prices_1861_2007.svg

Is it me, or does it show that a small oil price increase causes a massive rise in inflation? I knew it was related, but never really looked at the relationship between oil price and inflation before. The inflation reactions do look VERY magnified.

Ergo, are we heading for a massive inflation hit (or stagflation with things as they are)? I know inflation is widely accepted as being an issue now, but the assumption seem to be that a few rate cuts (or even not rises) and bobs your uncle, it's under control again.

Is there mega inflation coming, regardless of rates etc?

I'm sure there must be inflation coming. I think we have already begun seeing rises in production costs in the UK and elsewhere. However, I think that because the pound is high relative to the $ this is having a cusioning effect. I'm sure someone will be along to tell me if I'm wrong.;)

aardvaak

ixwood wrote: »

The "what global warming?" thing makes me laugh. One look at the graphs showing temperatures against CO2 output shows there's something to it.

So what if temps., rise a few degrees!

posh*spice

http://uk.news.yahoo.com/itn/20080528/tuk-brown-high-oil-prices-here-to-stay-dba1618.html

Brown: 'High oil prices here to stay'


and the good news just keeps on coming:rolleyes:

Now, about those solar panels and the bikes:cool:

Tozer

Phirefly wrote: »

Perhaps you should do some googling. This thread has so far been a refreshingly relevant and informed debate which I feel is diluted by the suggestion that outmoded concepts such as 'global warming' are of relevance here.

Actually it is on a House Prices board so I don't think relevance comes into it! :rotfl:

If you are talking about oil prices, then I am perfectly entitled to make the association of oil with global warming. You may be blinkered enough to think that global warming is not occurring bt I am entitled to disagree (along with most of the world).