Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Stop Worrying About “Peak Oil”
Principles & Policy ^ | July 28th, 2012

Posted on 07/28/2012 8:29:10 PM PDT by Sark

For decades, the threat of “peak oil” has hung over policymakers of the developed world. The basic premise of peak oil is simple and difficult to argue with: At a certain point, we’ll extract as much petroleum as possible, and after that “peak,” our rate of extraction will inevitably decline. Since it takes so long for petroleum to develop naturally, there’s for all intents and purposes a finite amount of it on Earth. So, our rate of extraction can’t possibly continue rising forever. At some point, we will hit peak oil.

Of course, that’s not the whole theory. Nearly all peak oil theorists argue that following peak oil, chaos will erupt. As so many of our energy needs and products in the developed world rely on the energy produced from petroleum, an inexorable decline in its supply will wreak havoc on our society. This declining supply combined with the rising demand for oil will lead to higher and higher prices. Now, they’re not arguing that the exact moment we hit peak oil will immediately devastate our society or something along those lines. In fact, many don’t consider the actual timing of peak oil to be very important.

However, most do believe that the negative consequences of declining oil production associated with peak oil will rapidly become severe, as the rising price of oil will impact every sector of the economy. Modern peak oil theorists grant that the rising price of oil may occasionally dip as new discoveries are found and more efficient technologies are invented, but they don’t consider either of these periodic drops in the price of oil very important in the long-run. Finally, they argue that peak oil is right around the corner. Are they correct?

(Excerpt) Read more at principlesandpolicy.wordpress.com ...


TOPICS: Business/Economy; Government; Politics; Society
KEYWORDS: energy; entrepreneurship; oil; peakoil; regulation
Navigation: use the links below to view more comments.
first previous 1-2021-38 last
To: Waywardson
Re post 4: Exactly!
21 posted on 07/29/2012 4:49:18 AM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Sark

I was supposed to be worried about that? Who knew?

Anyway, we will all be dead from global warming long before we run out of oil. /sarc


22 posted on 07/29/2012 5:18:13 AM PDT by HangThemHigh (Entropy's not what it used to be.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Freedom_Is_Not_Free

First the oil didn’t migrate down it was layed there millions of years ago along with water, one of the biggest problems we face in the oilfields now is what to do with all the salt water that comes up with the oil. Our tank battery’s are designed with seperators and water knockouts and heater treaters just to remove the oil.
Our oceans are a soup of living organisms and as they die the go to the bottom where over millions of years are layed down in deposits, that process is ongoing today and will continue as long as we have water on earth.
Nobody knows for sure how many times the sea has risen and fallen over the life time of the earth but every time it has done this it has left parts the ocean floor exposed. Where I am in West TX we’re 2300 ft above sea level, at one time we were 2000 ft below it. That was a time when 3/4 ths of the US was under water. Now from here I’m going to just use heating and cooling, it’s with these process’s that once the earth started to heat up again that the water would run back into the ocean covering the floor with large deposits of sediment. This process also helps to explain why we find oil at various depths and layer thickness’s. Put here we’re find oil as shallow as 1500 ft all the way down to 9000 ft, in other area’s that varies. In California and a few other area’s you with find oil at the surface, such as the tar pits.
The surface temperatures of Titan are around minus 300 degree’s Fahrenheit cold enough to turn methane back into a liquid, where it rains upon the surface of Titan daily more like a drizzle and collecting on the surface and forming landscapes similar to running and are standing water.

Now where does that methane come from? Some say it comes from within others say it accumaltes in it’s atmosphere and falls to the surface as rain. I’m of the belief that it accumulates as it hits the cold temps of Titan and falls to the surface.

I’m not done here but the wife and I are going fishing on the ranch, I’ll check back in later.


23 posted on 07/29/2012 5:46:25 AM PDT by Dusty Road
[ Post Reply | Private Reply | To 19 | View Replies]

To: Dusty Road

Let me add that should it proven that the methane comes from Titan then it also proves that organic life at one time flourished there.


24 posted on 07/29/2012 5:48:53 AM PDT by Dusty Road
[ Post Reply | Private Reply | To 23 | View Replies]

To: Dusty Road

http://www.space.com/4968-titan-oil-earth.html

How many dinosaurs where there on this moon and when did they live there?

“fossil” fuel is a total LIE.


25 posted on 07/29/2012 10:18:19 AM PDT by Waywardson (If you fear Obama..... vote for Romney. If you fear God... DON'T !)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Dusty Road
Let me add that should it proven that the methane comes from Titan then it also proves that organic life at one time flourished there.

OK, if you are pushing dead Dinos on the moon theory, I need to let it be. You can't prove it and it is too convenient for serious discussions.

Never the less, there is NO SUCH THING as "Peak Oil". The world, the universe has more than humans can ever use.

26 posted on 07/29/2012 10:34:45 AM PDT by Waywardson (If you fear Obama..... vote for Romney. If you fear God... DON'T !)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Does so
Both oil and coal are fossil fuels: you can actually see extinct fossil ferns in coal. Oil...not so much!

Oil drawn from Earth deposits contains tiny—and extinct—plants and animals.

Look I can piss in a bottle of Jack too, but that doesn't make it alcohol.

27 posted on 07/29/2012 10:36:02 AM PDT by Waywardson (If you fear Obama..... vote for Romney. If you fear God... DON'T !)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Freedom_Is_Not_Free; Dusty Road
The abiotic theory is not new. The Russians have been teaching it for generations.

Hydrogen is the most common element in the universe. That is what stars are primarily made from. The nuclear fusion that takes place in stars produces carbon as a direct product. When a star explodes, carbon, hydrogen and many other elements are thrown back into space.

As the next generation of stars are formed, along with the planets that first generation stars would have lacked, the hydrogen and carbon is trapped in the planet's core.

A molten core planet such as ours, can and does supply the heat and pressure to build hydrocarbon chains which in gaseous form filter up through the crust and cool into resulting oil and natural gas deposits.

This easily explains why oil is being found in layers devoid of microfossiels and oil fields previously thought to be pumped dry are being refilled. It also explains why there are hydrocarbons on lifeless planets and moons.

28 posted on 07/29/2012 1:47:27 PM PDT by El Laton Caliente (NRA Life Member & www.Gunsnet.net Moderator)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Dusty Road
Could not the oil have just as easily migrated INTO layers with fossils?

The coker units in refineries use the release of pressure (and the resulting rapid loss of heat) to crack carbon atoms out of heavy hydrocarbon chains. Would this not also allow coal to be deposited in layers with fossils?

The areas in which sediment deposits migrate down in the crust are necessarily the porous areas of the crust. That explains why more oil and coal are found there if it migrates from the core.

29 posted on 07/29/2012 2:39:09 PM PDT by El Laton Caliente (NRA Life Member & www.Gunsnet.net Moderator)
[ Post Reply | Private Reply | To 23 | View Replies]

To: Waywardson

I’m sorry but you should have let it go long before your first post on this sunject.


30 posted on 07/29/2012 2:50:22 PM PDT by Dusty Road
[ Post Reply | Private Reply | To 26 | View Replies]

To: El Laton Caliente

This easily explains why oil is being found in layers devoid of microfossiels and oil fields previously thought to be pumped dry are being refilled. It also explains why there are hydrocarbons on lifeless planets and moons.


I’d love to see a sample that didn’t contain microfossils that would be a first for me and I’ve been at it for about 40 years. In that same 40 years I’ve yet to see a field go dry, production may fall to the point that it’s no longer profitable to pump but never dry. I’ve got some wells that used to flow 30 to 40 barrels a day, now I have them on pressure controls that only allow them to open when the pressure gets above 750 psi and shuts off at 200 psi. It may take as long as 4 days before it gets back to 750 psi. Their production id now closer to 3 barrels a day and thats only on the days they open.


31 posted on 07/29/2012 3:08:58 PM PDT by Dusty Road
[ Post Reply | Private Reply | To 28 | View Replies]

To: Waywardson

Did you even read the link you provided?

From your link.

(”Titan is just covered in carbon-bearing material — it’s a giant factory of organic chemicals,” said Ralph Lorenz, a Cassini radar team member from the Johns Hopkins University Applied Physics Laboratory. “This vast carbon inventory is an important window into the geology and climate history of Titan.” )


32 posted on 07/29/2012 3:15:31 PM PDT by Dusty Road
[ Post Reply | Private Reply | To 25 | View Replies]

To: El Laton Caliente
The nuclear fusion that takes place in stars produces carbon as a direct product.

You might want to review your physics on that one.

33 posted on 07/30/2012 6:24:13 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: DuncanWaring

Medium-sized stars (like our Sun): Late in their lives, when the hydrogen becomes depleted, stars like our Sun can convert helium into oxygen and carbon.

Massive stars (greater than five times the mass of the Sun): When their hydrogen becomes depleted, high mass stars convert helium atoms into carbon and oxygen, followed by the fusion of carbon and oxygen into neon, sodium, magnesium, sulfur and silicon. Later reactions transform these elements into calcium, iron, nickel, chromium, copper and others. When these old, large stars with depleted cores supernova, they create heavy elements (all the natural elements heavier than iron) and spew them into space, forming the basis for life.

http://www.enchantedlearning.com/subjects/astronomy/stars/fusion.shtml


34 posted on 07/30/2012 8:34:02 AM PDT by El Laton Caliente (NRA Life Member & www.Gunsnet.net Moderator)
[ Post Reply | Private Reply | To 33 | View Replies]

To: Dusty Road

You had some good points in your post 23 until you theorized carbon based life on Saturn’s moon.

Also, BP’s Tiber well is 35,000 feet deep, not including the 4000 feet of water. Are you going to tell me that oil was placed by dying dinosaurs and was covered with 35,000 feet of sediment? Really?

http://www.azcentral.com/arizonarepublic/business/articles/2009/09/03/20090903biz-gulfoil0903.html


35 posted on 07/30/2012 10:26:21 PM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: El Laton Caliente

Right, I’m with you. I was brainwashed to believe all oil came from dead dinosaurs and plants. To me the jury is still out, but I am leaning heavily toward concluding that some or much of our oil is from compressed carbon in the earths mantle or crust. I don’t know...


36 posted on 07/30/2012 10:29:52 PM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Freedom_Is_Not_Free

If you don’t like my suggestion I’m sorry but the possibility is still there, we don’t know what Titan looked like a billions if not hundreds of billions of years ago.
As far as the BP well absolutely! Those deposits were layed down a long time ago, just like anywhere else that oil is found. Contraction, expansion and tectonic plate movement do strange things to the surface of this old planet, no telling what it looked like billions of years ago. Oh and as far as the dinosaur thing, you may have noticed that I’ve never said that, that would be rather silly.


37 posted on 07/31/2012 3:46:17 AM PDT by Dusty Road
[ Post Reply | Private Reply | To 35 | View Replies]

To: Freedom_Is_Not_Free

01 January 2009 Early Earth ‘was covered in water’

http://www.earthdive.com/site/news/newsdetail.asp?changedate=true&changeyear=2009&id=2821


38 posted on 07/31/2012 5:03:17 AM PDT by Dusty Road
[ Post Reply | Private Reply | To 36 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-38 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson