Posted on 12/23/2010 4:50:50 PM PST by epithermal
I recently spent an evening with Ambassador Richard Jones, the Deputy Executive Director of the International Energy Agency in Paris, who had some eye opening things to say about the energy space. The IEA was first set up as a counterweight to OPEC during the oil crisis in 1974, and has since evolved into a top drawer energy research organization.
World GDP will grow an average 3.1%/year through 2030, driving oil demand from the current 84 million barrels/day to 103 million b/d. That means we will have to find the equivalent of six Saudi Arabias to fill the gap or prices are going up, possibly a lot. His conservative target has crude at $190 in twenty years. Some 39% of that increase in demand will come from China and 15% from India.
(Excerpt) Read more at resourceinvestor.com ...
We can and should destroy Saudi Arabia and Iran. Vaporize Mecca, Medina and Qom.
the electric car is coming
We need six New Saudi Arabia’s because our own damn Government refuses to allow us to use our own natural resources.
This Administration is a Criminal Enterprise.They are looking to strangle the American People’s energy use.Without energy a country cannot prosper.
75% of the Earth is covered by water. The oil is under the oceans.
We haven’t even touched it.
Welcome to FR.
Canada and the United States have more than enough oil reserves to keep them going for the next 300 years.
“640k should be enough for everyone.” - Bill Gates.
For starters, by 2050, world population will be decreasing in a death spiral.
Peak oil is a myth.
Drilling in the United States has expanded greatly over the last year.
By my calculations based on the 2008 USGS report on the Baaken formation and the 2006 Stansbury report, the US and Canada have enough oil reserves to supply the entire world for another 6000 years. (2.5 trillion barrels reserves at 105 million bpd consumption)
The price of oil may increase or it may not. Price movements are notoriously difficult to predict because of unforeseen changes in technology, new discoveries, etc. What the future holds remains to be seen, but the Earth is not in any danger of running out of oil any time soon.
Saudi Arabia pumps over 8 million barrels a day. Why do we need 48 million barrels to meet 19 million barrels of increased demand?
“Canada and the United States have more than enough oil reserves to keep them going for the next 300 years.”
Canada may have enough oil to keep Canada going for 300 years, but the US does not have enough oil to keep going for 300 years.
If we could tap the gulf and the reserves under the midwest, and in Alaska, we would.
If we could keep it instead of selling it on the world market we would.
Nope, there’s enough for the whole world in Canada for 300 years. Easily.
And that’s not even counting the Alaska north slope oil in ANWAR.
“Canada may have enough oil to keep Canada going for 300 years, but the US does not have enough oil to keep going for 300 years.”
Sure we do. Canada is ours. We protect there ass from foreign invaders(missile defense systems). That’s why they get perks like cheap healthcare and don’t have to spend money on a military or defense.
The article starts out:
“I recently spent an evening with Ambassador Richard Jones, the Deputy Executive Director of the International Energy Agency in Paris, who had some eye opening things to say about the energy space. The IEA was first set up as a counterweight to OPEC during the oil crisis in 1974, and has since evolved into a top drawer energy research organization.”
Then jumps to this:
“A collapse in investment caused by the financial crisis means that supply can’t recover in time to avoid another price spike. More than 1.5 billion people today don’t have electricity at all, but would love to have it. The best the climate negotiations can hope for is for CO2 to rise until 2020, and then plateau after that, because once this greenhouse gas enters the atmosphere it is very hard to get out.”
Then this:
This will require a massive decarbonization effort reliant on nuclear, hydro, alternatives, and carbon capture and storage. This is a straw argument.
What does nuclear, hydro, and alternatives have to do massive decarbonization.
I thought the goal was to have energy policy that made us less dependant of foreign energy. It doesn’t take a “CO2 drives the climate” scam to create a good energy policy.
Remember
Henry Kissinger declared in the 1970’s, ‘If you control the oil (energy) you control the country; if you control food, you control the population.
Since last year, there are 536 more rigs in the US today than there were a year ago.
Internationally, there are only 105 more rigs than there were a year ago
And even with that expansion of domestic drilling, we will still be importing most of our oil.
No, we need 200 new nuclear power plants.
Worth repeating.
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