Ready for $262/barrel oil?

yahoo ^ | 1-27-06

[Dallas59]

I've done #2 and #10.

[RedStateRocker]

Won' do that much good; it'll take a hell of a lot of ANWAR's and coastlines to mitigate 500 million Chinese getting their first cars.

[Fruitbat]

$262

Not $250, not $300, not $275, but $262. How about $262.73?

[JeffersonRepublic.com]

"Peak Oil will be here soon and may be the defining event of a generation."

A generation? Try the human race!

Cheap energy drives our world. If peak oil is fact, we shouldn't drill or use domestic oil. Instead we should use up everyone else's resources, and save ours for the tough times.

[roylene]

Good one!
The worry of what is to come, takes way to much time.
I guess I am really lazy, it just takes to much energy.

[Mulder]

Economies would collapse long before then, dropping the demand and the price

Economies would collapse, but demand would not drop.

Do you think China is going to be a chump and decide to stop industrialing because the price of oil goes up?

Do you think the rest of the world is going to starve while the US consumes 25% of the world's oil with 5% of the population?

They will go to war over it. And this country had better be prepared for it.

[Mulder]

Before the United States allows oil to hit $262 a barrel, you will see total mobilization and a combined U.S./NATO occupation army moving into the Middle East for keeps.

Do you think the Chinese are going to sit on their hands during that?

[Paul_Denton]

They will go to war over it. And this country had better be prepared for it.

Just as important as preventing Iran from going nuclear would be the securing of the oil there so that China cannot get it. Deny our enemies fuel and they cannot do anything.

[Paul_Denton]

No, but it is good reason to do so BEFORE China gains power projection capability.

[VadeRetro]

There just isn't that much there. We need to find an alternative to oil.

There are huge amounts of US Oil Shale and Canadian tar sands. Huge amounts. They cost more to refine because you have to cook the oil out of them. That's the reason they're basically untouched so far.

[Paul_Denton]

Why not use nuclear reactor heat to cook them instead of hydrcarbon fuels?

[Mulder]

We would change to alternate sources of energy before it ever reached this high.

It's not as easy as flicking a light switch. New technologies take years, even decades to implement, and you still need oil to make the solar cells or wind turbines or whatever.

Personally, I wish foriegn oil supplies would dry up tomorrow. We would be fine

You have no idea what you are talking about.

[eastforker]

You will have to build more drilling rigs first, everything we got is already working.

[palmer]

...would this be true if oil were $89? $111 or $262? At some point, it becomes financially feasible and the price of oil from the Middle East becomes someone else's problem.

As Mulder said, it takes a lot of energy to dig up the shale, crush it, heat it and get the oil out. When you hear estimates like "$80 / barrel" for shale oil, keep in mind those are usually calculated using $40 / barrel mideast oil to build and fuel equipment and extract the shale oil. If mideast oil is $262, shale oil could cost $200 / barrel or $400 / barrel, or maybe only $100 / barrel.

[bboop]

Maybe at $262 the Senate will see fit to drill ANWR...

[Paul_Denton]

Nuclear reactor heat, which is usually wasted in condensors could be used to heat the shale. Or a dedicated heat exchanger just for shale oil extraction. Of course it would require a nuclear reactor but it would be much "cheaper" in terms of energy to get the oil from the shale.

[eastforker]

What are you gonna drill with, there are no rigs available.

[Mulder]

A good primer on Peak Oil

[LouAvul]

Stare at people through the tines of a fork and pretend they are in jail.

LOL! I like that one.

[LouAvul]

although it WILL become a political military one