Peak Oil: How Soon? How Serious?

Petroleum Geologist Jeffrey J. Brown provides an overview of the global energy picture, focused on oil supply and demand and the impact of peak oil exports. Is the world at or near the maximum of oil production? Can new finds make up for increasing consumption? How might net exporters alter supply? Series: Humanitas [9/2008] [Public Affairs] [Science] [Show ID: 14989]

Category:

Education

Tags:

• oil
• reserves
• production

[walter0bz]

after peak, remaining oil will be controlled by (police) States & Military, not free market.

[luvcheney1]

@Judas1of12 Yes, the evil oil industry. They produce. They fuel our economies, enable the greatest standards of living in all of fucking history. Those evil producers. They need to become politicians, just stealing and redistributing. Or, lawyers, like most in Congress. They are great at redistributing too. Produce? Ha! That was the OLD way. Now, its redistribute.

[Denoomi]

@walter0bz It already is

[planckbrandt]

@MrEnergyCzar It is already controlled by Military and Police States. What was Qaddafy about? Saddam? Ahmadinejad? Saud? And, whose military might be that be for all that?

[luvcheney1]

@Judas1of12 IF other technologies made economic sense NOW, capital would flow into the sources NOW. The REASON capital doesnt flow NOW, is because it does NOT make sense NOW. Oil, nat gas, coal is far cheaper NOW. Yet, as prices rise, for the reasons YOU state, a point will come where those expensive forms of energy DO become competitive, and then capital will flow to them. Why? Greed. And not one second before it makes sense. Why? Greed. You can depend on GREED to solve this.

[Judas1of12]

@luvcheney1

The infrastructure for oil is already in place for over 100 years, so no other technologies can compete. Oil companies lobby Congress to ignore the costs of oil, like pollution, and lie that there's plenty of oil so we see no urgency to develop alternative energy sources. And when we rely on foreign energy, we mostly rely on oil in unstable or dictatorial nations which dictates our foreign policy and makes us less secure. Its way different than buying other foreign goods.

[luvcheney1]

@Judas1of12 Any other technology that works cheaper would already have terminated their business. There isnt any. There is no way for them to stop development of hybrids, electric cars, manure mobiles, piss porters, or any other thing an inventor can do. The Prius exists, the Leaf. SO? We buy most of our coffee from foreign sources, our computers, who actually cares? If you want more security, then let the companies go explore and produce. If not, they go elsewhere. Big deal...............

[Judas1of12]

@luvcheney1

Not evil, just selfish and greedy. They don't want their industry to decline so they pretend like they will always be the only game in town. And its not toil companies that enabled us to progress. Its cheap oil, the energy source that we relied on for our economic growth, that gave us our progress. But at the same time it has cost us too, because it pollutes, hindered our investment in other energy sources, and we have to depend on foreign oil that hinders our national security.

[Judas1of12]

@luvcheney1

As an example of lies and distortions, take a look at the estimated deposits. They will always use the projected amount underground. But they don't mention that only a fraction of it can actually be mined with current technology. Then they say that the amount will last over a hundred years. But they use the value of current usage forgetting that usage is increasing at a steady rate, add in the boom in China and India, the actual amount maybe less than 25 yrs.

[Judas1of12]

@luvcheney1

You need to stop blaming others, the EPA, the environmentalists, the US gov, landowners who doesn't want a well in their backyard, or the rich people with their beach houses. The ones responsible are us, the consumer of oil. We consume too much oil, beyond what we can can produce ourselves and what the world can supply. And by the way, I wouldn't trust any estimates made by anybody associated with the oil industry. They lie, exaggerate, and distort.