Posted on 04/24/2010 7:39:48 AM PDT by OregonRancher
Total bullshit!!!
The U.S. Geological Survey states that silver will be the first element on the periodic scale to go, essentially, extinct.........somewhere around 2020. Wanna make a lot of money? Invest in silver. You think gold bugs are bad? Ya ought to meet silver bugs!
Nam Vet
You are exactly right! Peak oil is nonsense.
“As oil prices become more expensive, oil shale, coal gassification, extraction of methane ice under the sea, more expensive oil drilling, and the marginalization of the greens all happen rather quickly.”
True except our government, mostly the Leftists in the Rat Party, have been working for years to restrict supply. It is not that it is not there. They just won’t let us go get it anymore. Same deal with restricting refining capacity. That is just one more reason to throw the Rats out.
The oldtimers named it right when they called it rock oil.
It's continuously formed way, way down below, and as you know, it floats.
That means it will always be on it's way to the surface (not an easy trip, however volcanos and earthquakes help).
The oil the idiotic, don't deserve a paycheck ex-spurt speak of, is oil that's near the end of it's journey.
It's like the early American Indians thinkin' "...well, ther's not to many of these white folks comin', I think we can kill them all."
I get money from natural gas wells ..its getting cheaper and I am getting poorer
natural gas is too abundant .....
Liar. Rest assured I am not fooled by pathetic little jerks like you.
No need for government intervention. No need for government to use this as an excuse to tax the peasants to subsidize the elite. If gas gets more expensive, people will use less of it.
People were around for a long, long time before government.
That Department was established to break America's dependence on foreign oil. If there's another Federal department that has failed as utterly in its agenda, please tell us.
Actually, the department's original name was the Manhattan Engineering District and it was responsible for the production of primitive atomic devices to be used to win the Second World War, which it did. After WWII, it became the Atomic Energy Commission. Carter, I believe, expanded it to become the Department of Energy.
Not that it did a damn bit of good.
Best,
Chris
I believe the atomic energy commission became the nuclear regulatory Commission.
As you say, it will be a wild ride.
I tried to point out to people that we needed to look at mitigation strategies, just as you are. They ignored it, hooted, and laughed, just as they are here.
That’s why I don’t tell many people any more. Let them have the full feast of consequences. I will remind them that I told them so.
As a transportation engineer I have been following this issue for several years. The basic information in the article is correct. The era of “cheap energy” is over. In 1999 the price of oil was under $11 per barrel. Today it hovers at $85 per barrel.
The tragedy in the Gulf of Mexico this week demonstrates the hazards and limits of deep ocean drilling. Exxon Mobil had already pulled out of the area, and this loss will make other companies reassess the investment potential. This was the worst off-shore oil rig accident in 23 years. Our energy policy, unfortunately, has been driven by accidents.
We are not running out of oil, and no one making the case for peak production is suggesting that. Long after the last rig is shut down, we will still have a third of the oil in the ground. We just will not be able to afford to get it.
In the heyday of Texas oil a dollar of investment bought a 100 dollars of oil. Now that ratio is about 1 to 10 and dropping. As it approaches unity, no company will put its capital at risk.
We have built a land use system on the assumption of cheap energy forever. That assumption was wrong. Seventy percent of all US oil goes to transportation, and our transportation system is 95 percent dependent on oil. Look at what the impact of a volcano had on international air travel, and think of the impact of air fares increasing by a fare of ten (with the number of flights reduced to a fourth of what we have now.)
The US military’s annual Joint Operating Environment (JOE), released in March, addressed in its most stark terms the threat that an end to cheap energy means.
This issue is being discussed openly in the British press and by the British government. In the US the lame stream media is silent. They and the Obama administration both know that this information would cause economic collapse. Instead, we hear about cap and trade, global warming, and other “proxies” that hide the real issue.
I urge my fellow conservatives to get up to speed on this issue and don’t depend on CNN or the rest of the media to tell you the real story.
Just more propaganda from the Obama Administration....
Obviously, the writer is a believer in Global Warming. This fact calls into question either his objectivity or his credibility, or both.
>>”Like anthropogenic global warming (”AGW”), “peak oil” has been the subject of decades of denial.”
>>”With the peak imminent in reality, like the global warming “scientific skeptics,”
DG
I mean there is plenty.
I have a relative studying petroleum geology.
He says that using advanced seismic imaging and newly discovered facts about how oil pools in different strata, the oil companies are finding oil where they did not think it existed. This has led to a drilling boom in West Texas where they thought the reserves were all pumped out.
The only obstacle is the Greens and Leftists who don’t want us to drill.
Makes ya wonder why the war on coal, eh?
‘Production of all liquid fuels, including oil, will drop within 20 years to half what it is today. ‘
So why stop producing?
BS, but you can expect prices to go up....fatcat’s ya know...
Yours is one of the more sensible posts I've read here expressing that view -- and I don't doubt that you're right. But the consequences don't need to be as dire as you paint them if the government keeps its hands off the problem.
Left to its own, the market will adjust to the new situation. But if the government siphons off our capital to chase fools' dreams like wind and solar power (ethanol, too), the money won't be left for private industry to find the way forward.
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