“The questions we should be asking ourselves are: Do we want to pull all this stuff out of the ground, and How much is too much before the climate price is too dear to pay for cheap oil?”
Bugger off Bill!
There is more oil here than ever imagined before. The amount of fuel in the ground must have doubled since the last time they were talking about peak oil. It looks like they are trying to manipulate market and politics with the new peak oil effort.
It seems like a no-brainer most especially if you don't have a brain. How do we know it's a finite natural resource? We don't even know where it comes from. It could be forming all the time, for all we know.
If you ever wanted proof positive that liberals are a stupid and unscientific lot all you got to do is dig up all the dire predictions about “Peak-Oil”. These are same people who warned about the impending global ice age in the 70s and then switched global warming in the 90s. Every single prediction they have made has turned out wrong. I would rather take financial advice from the local Arby’s cashier than listen to liberals on any matter of importance.
Fifteen years ago I dumped my National Geographic Society membership (after 30 years of being a member) because I could not stomach the man made global warming crap they were feeding their members.
Two other reports to consider:
1. BP predicts US energy independence by 2030 at: http://www.bp.comextendedsectiongenericarticle.do?categoryId=9048887&contentId=7082549
2. The Green River Formation: World's Largest Oil Shale Deposits
www.thenewamerican.com › Sci/Tech › Energy May 15, 2012 – The Green River Formation of Utah, Wyoming, and Colorado may hold more oil than the rest of the world put together: an estimated three trillion ...
http://energy.usgs.gov/OilGas/UnconventionalOilGas/OilShale.aspx
Not only has the writer bought the whole glo-baloney warming nonsense (and not heard the news a few weeks ago that temps have been flat the last couple of decades), but he apparently didn’t hear of the abiotic oil theory, which mechanisms the Soviet scientists concluded over 60 years ago were the source of oil. Hydrocarbons formed in the upper mantle (far below the 18,000ft depth where organics have been found) that migrate towards the surface. Calcium carbonate, extreme pressure, heat and viola! You’ve got oil!
” The economic recovery, while tepid, is underway.”
Right,roger that. Underway. Cool.
“Oil is a finite natural resource,”
And just where is there the slightest bit of proof that oil is any more finite than light from the sun?
Do “Peak-Oil” proponents still believe in the hypotheses of liquified dinasaurs or quadrillions of tillions of tons of minute organisms all collecting in the same place in some life ending but unexplained prehistoric die-off?
mark
And with technology improving, there will always be more that we can find, develop, or make economically viable (eg oil sands).
It's a nice little logic game, but the Peak Oil idea fails to hint at the potential fact that we may not yet have discovered even 0.001% of what exists at this moment. We certainly haven't worried about Peak Gold or any other mineral that has been eagerly taken from the ground for thousands of years... and yet somehow, because we MAY have found almost half of what we can use, we should immediately work to abandon the trillions of dollars of wealth we have under the ground. Idiotic. Use it now while it has utility... or else we abandon trillions of dollars for NOTHING.
I predict that in the first part of 2015 gas prices will be below $2.00 per gallon in most of the country. (I opened up an old computer and this is what loaded up when I went to my browser)