peak oil

bonnie_2

Are the rumours true or false.

geordie_joe

bonnie wrote: »

Are the rumours true or false.

Yes.


This bit is added to make the post over 10 characters.

casper2004

You wont know if its peak oil until your past it and your on the downward slope

globalds

bonnie wrote: »

Are the rumours true or false.

....Tell me more about the rumours ..

moonrakerz

I've heard a strong rumour that the rumours are just silly rumours !

http://peakoildebunked.blogspot.com/

"Peak Oil Debunked

Debunking peak oil hype with facts and figures, and exposing the agendas behind peak oil.
DISCLAIMER FOR IDIOTS: This site officially accepts that oil is finite, and will peak someday."

globalds

moonrakerz wrote: »

I've heard a strong rumour that the rumours are just silly rumours !

I think counter rumours deserves a thread to itself ...
I haven't even heard the rumours and your already posting that those rumours are in fact just silly rumours

A_fiend_for_life

bonnie wrote: »

Are the rumours true or false.

Don't know but from what I gather so far how much reserves are available seems to be a closely guarded secret or over estimated, at least for some producers. Whether we have reached peak oil or not the high is expected to stay as far as I can see.

This suggests to me that we should be focusing on a higher ratio of renewables and especially micro-generation and steps in conserving energy as much as we can.

Back to your question though, I've just picked up a book from a charity shop called 'Half Gone' by Jeremy Leggett, former oil person now speaking out, so hopefully I will be better informed once I've read it. Might be available in your local library.

Ben84

Oil is not so vital to modern life as we're sometimes told. It has been widely used because it has historically been cheap and because it's very versatile.

I also doubt we will keep consuming it at the ever increasing rate we have been, the price has been going up and it's not so economical for many uses now. Other energy sources like coal, natural gas and nuclear are now comparatively cheaper, so we will increasingly be using those.

There still seems to be a large volume of oil left (although it is equally matched by a large global demand), and the higher prices will encourage less consumption per person in the future, so I expect oil to be here for longer than many of the peak oil people are saying it will.

Of course we have consumed a lot of it, and inevitably it will have to peak sooner or later, but I doubt it will be the big thing that brings down the 21st century. I expect we'll be traveling on natural gas or electric powered buses in the future, and planes will use natural gas or fuels derived from coal. Synthetic molecules, such as plastics, medicines, detergents and dyes can be made from any hydrocarbon, including coal, natural gas and even some plant materials.

I expect life will be much the same in the future when we're using less oil, but I accept the large possibility that without alternatives in the longer term future we will be facing problems as fossil fuels of all types become less abundant.

The big hazard in depending on oil is that we don't have good figures on world oil reserves, so we may remain dependent on it longer than is sensible and find it greatly depleted before we have made plans to use other resources. If the price falls back again, we'll keep consuming it and stay dependent on oil for a huge range of things.

A_fiend_for_life

As a thought have any countries actually declared peak oil?

moonrakerz

A_fiend_for_life wrote: »

As a thought have any countries actually declared peak oil?

Is anyone likely to ? and see all their customers go to someone who hasn't !

globalds

We have ...And the good old USA

Quote
"Nine major oil producers have clearly moved beyond peak since 1998 including the UK and Norway (Norway is the 3rd largest OECD producer). Prior to this many other major producers including United States all peaked.
Cumulative depletion amongst this group is now about 1.5 Million barrels per day (Mbpd). Depletion is currently running at 4.91% compounding. In other words declining nations are running out of oil at 4.91% per year."
http://www.oilcrash.com/articles/powr_014.htm