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The Fossil-fuel bonanza makes peak oil theorists look ridiculous. Plenty of Oil right here.
Financial Post ^ | 04/10/2011 | Peter Foster

Posted on 04/10/2011 6:10:10 PM PDT by SeekAndFind

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To: Balding_Eagle

Kicks just keep getting harder to find...


21 posted on 04/10/2011 7:36:47 PM PDT by TigersEye (Who crashed the markets on 9/15/08 and why?)
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To: cripplecreek

Yeah, as long as there are walls in the cabin and chair to sit upon, we have plenty of firewood!

It’s not a question of whether all will be depleted or not. It’s a question of the costs to exploit each remaining unit of energy, whether costs to our health, safety, labor, time, environment, etc.


22 posted on 04/10/2011 7:46:21 PM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: Gondring
Cutting firewood can be dangerous. Better just to put on another sweater.

Or two, or three, or five.

23 posted on 04/10/2011 8:09:44 PM PDT by TigersEye (Who crashed the markets on 9/15/08 and why?)
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To: TigersEye

Trees grow faster than oil.


24 posted on 04/10/2011 8:10:58 PM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: TigersEye

I’m wondering when “conservatives” no longer believed in “conserving”


25 posted on 04/10/2011 8:12:26 PM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: Gondring
Trees grow faster than oil.

Well hell Ace, be sure to hug your tree as you're cutting it down.
Besides that, logs don't fit too easily in a gas tank.

26 posted on 04/10/2011 8:18:37 PM PDT by The Cajun (Palin, Bachmann, Free Republic, Mark Levin, Rush, Hannity......Nuff said.)
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To: SeekAndFind

Peak Oil is no more about the price of gasoline, diesel and jet fuel at the pump than “Climate Change” is about hot summers and frigid winters. Peak Oil is just another excuse to buffalo all of us into giving up more liberty and accepting parasites that hate what is left of our prosperity.

A simple understanding of the laws and supply and demand shows that as low cost oil is used up, the market will be willing to bid more and more for the fuel it needs. However, in a free market, supply and demand are always in balance. Just like with water, there is no such thing as a shortage. There is only a price that the buyer doesn’t want to pay.

But we don’t burn crude oil in our cars or jet planes. We burned very technical refined products that are made by using a hydrocarbon-rich feedstock as the source of the atoms and molecules that are reassembled to make the fuel we want to buy. The important point is that there are other sources of those hydrocarbons, from coal to switch grass, to corn to sewage sludge. Each has a cost of conversion and its own supply considerations.

In a free market, people are free to adapt, improvise, and improve. We should not worry any more about Peak Oil than our ancestors worried about Peak Whale.


27 posted on 04/10/2011 8:18:48 PM PDT by theBuckwheat
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To: Gondring

I just pace back and forth until winter is over. It only lasts nine months at most here.


28 posted on 04/10/2011 8:22:39 PM PDT by TigersEye (Who crashed the markets on 9/15/08 and why?)
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To: Balding_Eagle

Also, battery technology has advanced so fast in the last 15 years that even Volkswagen Group’s Chairman of the Board Martin Winterkorn stated last year (2010) that by 2020 a passenger car that could seat four passengers and lugguge could run strict on battery power and go 800 km (497 miles) on a single charge. If Winterkorn’s prediction is correct, by 2025 people will start to look back at how quaint it was to fuel up an automobile with gasoline, diesel fuel or even compressed natural gas!


29 posted on 04/10/2011 8:26:42 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: SeekAndFind

With the stroke of a pen a leader could change the energy future of the United States for the next 100 years and allow US to continue as a world power relatively secure in our energy supplies and transportation systems. The pathway to such a future could be paved by far less money than NASA spends now, far less than we spend now on the Department of Energy, probably less than the paltry budget cut just made.

The future is a logical mix of electricity for fixed power and energy dense fuels such as oil or LNG and then hydrogen for mobile energy needs. Ethanol, solar and wind do not figure into the equation for our future. Their contribution is just short of WORTHLESS and the insignificance of the power produced is pitiful and always will be.

http://www.thoriumenergy.com/
http://www.thoriumenergyalliance.com/
http://energyfromthorium.com/

We don’t lack options, ability, resources or technology. What we lack is a vision and resolve. We are doomed by politics. Other nations such as China and India are planning for a Thorium fueled energy future right now.

Without a vision we perish.


30 posted on 04/10/2011 8:30:32 PM PDT by Sequoyah101 (Half the people are below average.)
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To: RayChuang88
If Winterkorn’s prediction is correct, by 2025 people will start to look back at how quaint it was to fuel up an automobile with gasoline, diesel fuel or even compressed natural gas!

Uh huh. Well, all those batteries are going to be charged via fossil fuels since solar, wind, and other quaint energy sources are intrinsically unable to provide sufficient power density. Only nuclear and "fossil" fuel have done that and continue to be able to do that.
31 posted on 04/10/2011 8:36:25 PM PDT by aruanan
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To: aruanan
Only nuclear and "fossil" fuel have done that and continue to be able to do that.

That don't matter to the *Magic* battery folks.

32 posted on 04/10/2011 8:39:19 PM PDT by The Cajun (Palin, Bachmann, Free Republic, Mark Levin, Rush, Hannity......Nuff said.)
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To: SeekAndFind

And they’re doing their best to squash nuclear, oil drilling, coal-fired electric, etc. Because fiefdoms work best in a Middle-Ages era society.


33 posted on 04/10/2011 8:46:48 PM PDT by P.O.E. (Pray for America)
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To: SeekAndFind

bump


34 posted on 04/10/2011 8:51:10 PM PDT by NoLibZone (Impeach Obama & try him for treason / Homosexuals reject diversity / Unions finally caught for theft)
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To: SeekAndFind

BO needs that oil to pay off China after we are enjoying the Socialist paradise.


35 posted on 04/10/2011 8:57:16 PM PDT by FrogMom (There is no such thing as an honest democrat!)
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To: SeekAndFind
this is all great, but let's assume we start drilling more oil here. Lot's of it. I have trouble believing it could make a huge difference unless we prohibited exports... which would create another haven of government control over private oil companies prone to abuse and corruption. Who sets the price if it isn't competing on the open market?
The stuff will go on the open market for sale to the highest bidder. It doesn't really do us much good unless we use it strictly as leverage.
The best method is to invest in the wells and capacity, enough to flood the markets if we wanted to... but instead of doing that, we hold that gun to OPEC's head. "20$ oil, or we release the hounds".

It would be smart to do it that way, we could destroy the oil market if they didn't play ball... in effect, starving the bastards out. Otherwise, the oil just goes to market and gets bought up by the damn chinese.

Am I missing something here? I mean, I'm not at all against drilling for oil wherever possible, but unless i'm missing something here, it doesn't seem to be the magic bullet.

36 posted on 04/10/2011 9:01:56 PM PDT by FunkyZero ("It's not about duck hunting !")
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To: hal ogen

I should do that. I’ve got his quote-”energy prices will necessarily skyrocket”— around here somewhere. (Maybe on the home ‘puter— I’m supposedly at werk.)


37 posted on 04/10/2011 9:44:38 PM PDT by ExGeeEye (Freedom is saying "No!" to the Feds, and getting away with it. "Speak 'NO' to Power!")
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