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I have about ten half-filled cans of these in my garage. That's how I determine my "oil age". |
Posted on 07/31/2004 1:48:26 PM PDT by SunkenCiv
Chief among the pessimists is the Association for the Study of Peak Oil, a group of European scientists who estimate that maximum oil production around the globe will peak in 2008 as demand rises from developing economies such as China... Others believe, like Maugeri, that the number of glasses is virtually limitless. John Felmy, chief economist at the American Petroleum Institute, argues that peak oil- production estimates are so far off that for all practical purposes we might as well act as if oil will flow forever. "Ever since oil was first harvested in the 1800s, people have said we'd run out of the stuff," Felmy says. In the 1880s a Standard Oil executive sold off shares in the company out of fear that its reserves were close to drying up. The Club of Rome, a nonprofit global think tank, said in the 1970s that we'd hit peak oil in 2003. It didn't happen.
(Excerpt) Read more at popsci.com ...
And what do you suppose that it could be 'developed' into?
Perhaps a giant black hole to suck up massive amounts of tax dollars?
Yet I note that West Texas Intermediate has advanced in pricePlenty of oil is available, and that hasn't got anything to do with the fluctuation in price -- that's a matter of how much is available right now, and on guesses as to what the price will be in various time periods in the future. Crude used to sell at lower prices, but so did everything else. Forty years ago $2000 would buy a family sized four door car, and crude ran about $8 a barrel. Minimum wage rose to $1.15 in September of that year, and by 1974 (OPEC embargo) had risen to $2. Oil remains cheap, even though the minimum wage is only $5.15. Fuel economy of said autos has risen (not much in recent years) and that has reduced the amount spent by consumers on the actual fuel.
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I have about ten half-filled cans of these in my garage. That's how I determine my "oil age". |
Everything that we do in our everyday lives will always depand on something, and there will always be doom-sayers telling us that we are about to run out of it, or that it is excessively influencing our foreign policy.
By all means, advance your arguments. I hope lots of people agree with you. It gives me more opportunity to accumulate investments that will make profits for me as oil advances.
Perhaps even the Tesla Age. 
I believe that it was 1989, or 1990, when two researchers, working on ideas similar to Pons and Fleischman's work, had made a tightly sealed vessel of about 1 liter capacity to contain their experiment. The experiment was only about 20 seconds old when the vessel ruptured catastrophically, killing both men and badly damaging the columns.
Nobody has ever fessed-up about what was in the vessel, but witnesses said that it was quite benign for the 24 hours that it had rested on the bench before being closed. It was fully self contained, and was not heated, or even connected to anything else.
....I want to know why we aren't generating electricity using the Fission age......
It's quite simple. The leftist who are now supporting John Kerry told and believed the big lie..... Nucs kill.
They kept adding trivial safety measure after trivial safety measure until the cost and complexity were overwhelming. It was death by a thousand adds. Each drew a drop of blood and the cumulative effect was death.
"A little Nookie never hurt anybody."
Neutralizing Diesel's Idle Threat
by John Gartner
02:00 AM Oct. 10, 2002 PT
George W. Bush will be reelected by a margin of at least ten per cent
The longer we can hold out with oil the more advanced the technology to replace it will be. Oil is cheap compared to all the other energy sources, so drill, drill. drill !
"Ere many generations pass, our machinery will be driven by a power obtainable at any point in the universe. This idea is not novel... We find it in the delightful myth of Antheus, who derives power from the earth; we find it among the subtle speculations of one of your splendid mathematicians... Throughout space there is energy. Is this energy static or kinetic.? If static our hopes are in vain; if kinetic - and this we know it is, for certain - then it is a mere question of time when men will succeed in attaching their machinery to the very wheelwork of nature." -- Nicola Tesla, late 19th century
Tesla:
Man Out of Time
by Margaret Cheney
I'm an angler/backpacker/MTB'er and these guys are IDIOTS.
Yes, nuclear waste is dangerous and must be securely stored. But it's overall amount compared to the tons and tons of sulfides that coal and oil power-plants produce is far more dangerous to ecosystems.
We could be producing googlewatts (kidding) of electricity via modern nuclear power-plants - and use the extra to produce H2 for fuelcells.
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