Posted on 01/08/2010 3:28:38 PM PST by Faketan
Something similar to what happened when whale oil ran out, I suppose.
There is a growing “evidence” that oil is actually produced by the planet. IOW, It is renewed. The pace may or may not be enough to keep up with demand but we may never “run out”.
From what I can tell,
The Earth will run out of people
Long before it runs out of oil.
Same ol' wide-eyed BS, 40 years later. And no closer to "peak oil" than ever.
You can make the important oil end product (gasoline) with coal, nat gas, corn, sugar beet, saw grass, etc.
The REAL question is what is going to be the next affordable energy product in the future...
But whale oil never did run out, and neither will our current petroleum supply.
I heard some comments on the History channel the other night about the future of oil. They sounded suspiciously like the global warming crowd.
“There is no debate”....”Even the optimists agree....”
Weren’t we supposed to run out of oil in 1990?
First, it's gonna get real squeaky.
The democrats have made it illegal to drill for oil in Colorado so the oil will stay in the ground if they have their way. The rats want us ruled by OPEC.
The democrats have made it illegal to drill for oil in Colorado so the oil will stay in the ground if they have their way. The rats want us ruled by OPEC.
When/if we run out of oil, it would absolutely occur over a prolonged period of declining output. This would lesson almost all of the shocks he's sounding the alarms about as people and economies would have time to adjust to other fuel options.
1) None of us will likely live to see the day.
2) I most certainly won’t run out overnight. There will be decades of dwindling production accompanied by ever higher prices as the stuff becomes more rare. Substitutes like ethanol or biodiesel would then finally become cost effective.
3) And what happens in the Middle East? They can go pound sand as they watch their unearned wealth be swallowed up by the desert, couldn’t happen to a lovelier bunch of people.
Maybe Saudi Arabia, Venezuela, Iran, etc will be gigantic sink holes where the oil used to be ....
“The REAL question is what is going to be the next affordable energy product in the future”
Th real question is when will the Environmental Protection Agency realize that mankind needs to be at the top of their preservation list and not a backwater snail darter or desert tumbleweed.
That sounds more reassuring than it really is. The key is the ratio of declining output to increasing demand, especially in the absence of equivalent quantities of alternative fuels suitable for all our various needs: transportation, heating/cooling, etc.
If the increase in the production and adaptation of equivalent alternative fuels offsets the decrease in oil output, fine. Then it really doesn't matter how long it takes oil producers to suck out the last drop.
New crude sources are continuously being discovered in the world. Also, it has become evident that oil wells that have remained capped for years, because of their unproductivity, are showing higher pressures and crude levels in their formations.
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