The Future of Oil: Peak Prices, Peak Production, Piqued Consumers

The Future of Oil: Peak Prices, Peak Production, Piqued Consumers - Select Committee on Energy Independence and Global Warming - 2008-06-11 - WASHINGTON (June 9, 2008) - As prices at the pump reach record levels on a daily basis, many consumers and analysts are asking the same questions: How bad could prices get? And what policies are needed to address America's oil crisis? On Wednesday, June 11, Chairman Edward J. Markey (D-Mass.) and the Select Committee on Energy Independence and Global Warming will examine the long term prognosis for oil's global supply and demand, and what solutions could be implemented to reduce demand and decrease prices. A barrel of oil reached a new record price on Friday, and many analysts are saying 00 oil is a potentially imminent threat. Yet our own government energy analysts are saying oil could slide back to 0 a barrel, and supplies could increase, even as the private sector disagrees. The Select Committee will discuss this disconnect, as well as the global warming concerns of non-traditional oil retrieval methods like oil shale and oil sands. WITNESS LIST: Guy Caruso, Administrator, Energy Information Administration; Adam Sieminski, Chief Energy Economist, Deutsche Bank; Amy Myers Jaffe, Energy Studies Fellow at the James Baker Institute for Public Policy; Athan Manuel, Director of Land Protection Programs, Sierra Club; Karen Harbert, Managing Director and Executive Vice President, Institute for 21st Century Energy US Chamber of Commerce. Video provided by the U.S. House of Representatives.

Category:

Education

Tags:

• globalwarming.house.gov
• public.resource.org

[tnguyen318]

We can utilize an on-board generator to transport our electr. vehicles for longer ranges.

[SgtHenick]

@tnguyen318 wont be efficient enough for at least 30 or 40 years for use in 99% of the U.S.

[DeepFriedFuzzball]

There is one enormous problem with both electric and fuel cell cars. They require vast amounts of energy to generate enough electricity, or to obtain hydrogen for fuel cells; which comes from fossil fuels, so they're rarely used. Making engines more efficient and releasing the trillions of barrels of oil locked up in oil shale and oil / tar sands etc worldwide, is a more efficient and viable option. The oil is there, trillions of barrels of it, we just have to find a way to release it.

[tnguyen318]

We can build an Elec. Vehicle in One Day yet we decide to run on Oil for the past 100 years. 

[spiderlime]

apparently the idea of starting from scratch by inventing some chemical replacement for oil and it's derivatives is one hardly even contemplated.

[Standuble]

@chadberry75 Indeed it won't. It's going to be one hell of a ride.

[warieno01]

@chuckyko Dude, oil is really algae that covered the earths oceans when the world was a slimy place... all that suns energy grew carbon life forms that have been covered and settled. Now we have to dig 3 miles into the earths crust in the ocean to reach these ancient forest and oceans and steal the energy created by the sun

[chadberry75]

2 bad renewable energy will not support 7 billion ppl...

[Killroy1999]

"Can't drill our way out of this"

[sangolt88]

@chuckyko Yeah, lets stick to that old conservative way, never think new, that's probably best. /not