$100 barrel of oil, here we come….

[Arraya]

Well you are wrong on many levels.

“The very simplified “Peak oil” predictions all assume that there is a somewhat fixed amount of oil ready to be pumped, but that is not true”

Are you saying that there is an oil factory some place making oil. All the oil in the world was created between 50-60 million years ago. Maybe you should go back to science class.

“Somewhat perversely, high oil prices makes more oil accessible–not what the greenies had hoped, I expect.”

To a point true, but you have to go back to the fact that we live in a finite world.

“Last I checked, $120 oil makes wind economically practical–don’t recall the number for solar. ”

Yes, high oil prices make alternatives more feasable but we still have a huge liquid fuel problem. Try putting a wind turbine on a car.

“Maybe they should spend a little more time in science class and less time reading Chomsky.”

I suggest you go to the oil drum. Mostly scientists of different sorts and many independant oil people. It’s hard to swing a dead cat with out hitting a Phd.

Or perhaps try http://www.aspo-usa.com/ I would assume most of these geophyisists went to science class.

But you are correct it does give the doomers something to cling to.

You also have to remember peak was predicted by Dr. Marion King Hubberd back in 56. He was a shell oil geologist. He predicted that the US would peak in 1970 and he was correct. Though he was laughed out the industry in the 50s. He also predicted the world would peak about 50 years later.

Peak is not disputed in the science world. Only the when…

Oh, but there is this guy that did a prett good job at debunking it..

http://video.google.com/videoplay?docid=2696816449890336784&q=peak+oil+debunked&total=2&start=0&num=10&so=0&type=search&plindex=0

[4plexowner]

Whether we have used most of the oil in the ground or not is NOT the most immediate issue

I see three significant issues with oil:

1. we have reached peak PRODUCTION – even if there is an unlimited amount of oil in the ground we have been unable to increase production in the last few years even though demand has increased significantly – worldwide production has been in the 84-86 million barrels per day range for the last two years or more (and how many times have the Saudis said they were going to ramp up production for us?)

2. the countries that export oil have growing consumer populations – per capita energy usage in the oil exporting countries is much lower than here BUT INCREASING – as the consumers in these countries use more energy there is less available for export

3. demand for energy is increasing rapidly – there are 3 billion people in Asia who all want to achieve the Western lifestyle – cars, TVs, refrigerators, etc and all of it takes energy to make and to operate – as the consumer population in Asia continues to grow there will be dramatically more demand for oil and energy in general

~

Price of gasoline: I think the pump price for gas will remain below $4 until after the Nov 2008 election – don’t want to upset the sheeple with expensive gas

[4plexowner]

Whether we have used most of the oil in the ground or not is NOT the most immediate issue

I see three significant issues with oil:

1. we have reached peak PRODUCTION – even if there is an unlimited amount of oil in the ground we have been unable to increase production in the last few years even though demand has increased significantly – worldwide production has been in the 84-86 million barrels per day range for the last two years or more (and how many times have the Saudis said they were going to ramp up production for us?)

2. the countries that export oil have growing consumer populations – per capita energy usage in the oil exporting countries is much lower than here BUT INCREASING – as the consumers in these countries use more energy there is less available for export

3. demand for energy is increasing rapidly – there are 3 billion people in Asia who all want to achieve the Western lifestyle – cars, TVs, refrigerators, etc and all of it takes energy to make and to operate – as the consumer population in Asia continues to grow there will be dramatically more demand for oil and energy in general

~

Price of gasoline: I think the pump price for gas will remain below $4 until after the Nov 2008 election – don’t want to upset the sheeple with expensive gas

[4plexowner]

Whether we have used most of the oil in the ground or not is NOT the most immediate issue

I see three significant issues with oil:

1. we have reached peak PRODUCTION – even if there is an unlimited amount of oil in the ground we have been unable to increase production in the last few years even though demand has increased significantly – worldwide production has been in the 84-86 million barrels per day range for the last two years or more (and how many times have the Saudis said they were going to ramp up production for us?)

2. the countries that export oil have growing consumer populations – per capita energy usage in the oil exporting countries is much lower than here BUT INCREASING – as the consumers in these countries use more energy there is less available for export

3. demand for energy is increasing rapidly – there are 3 billion people in Asia who all want to achieve the Western lifestyle – cars, TVs, refrigerators, etc and all of it takes energy to make and to operate – as the consumer population in Asia continues to grow there will be dramatically more demand for oil and energy in general

~

Price of gasoline: I think the pump price for gas will remain below $4 until after the Nov 2008 election – don’t want to upset the sheeple with expensive gas

[4plexowner]

from https://www.cia.gov/library/publications/the-world-factbook/print/xx.html

83 million bbl/day (2004 est.)

~

here we are three years later and world production is under 86 million bbl/day

[4plexowner]

from https://www.cia.gov/library/publications/the-world-factbook/print/xx.html

83 million bbl/day (2004 est.)

~

here we are three years later and world production is under 86 million bbl/day

[4plexowner]

from https://www.cia.gov/library/publications/the-world-factbook/print/xx.html

83 million bbl/day (2004 est.)

~

here we are three years later and world production is under 86 million bbl/day

[Tone]

The one thing I’m wondering is this:

Is oil really more expensive in real terms for everyone in the world, or is it just dollar inflation that is making oil more expensive for Americans?

[Tone]

The one thing I’m wondering is this:

Is oil really more expensive in real terms for everyone in the world, or is it just dollar inflation that is making oil more expensive for Americans?

[Tone]

The one thing I’m wondering is this:

Is oil really more expensive in real terms for everyone in the world, or is it just dollar inflation that is making oil more expensive for Americans?

[kewp]

I like this solution:

http://www.fastcompany.com/magazine/120/motorhead-messiah.html

[kewp]

I like this solution:

http://www.fastcompany.com/magazine/120/motorhead-messiah.html

[kewp]

I like this solution:

http://www.fastcompany.com/magazine/120/motorhead-messiah.html

[Raybyrnes]

Good time to make lemonade out of lemons. Oil prices going up mean that alrternative energy substitutes will become more economical.

How would this ply out. Think Solar. Polisilica is used to make processing chips for INTEL but they are also used in Solar Panals. One stock I have been following in MEMC stock symbol wfr.

The dollar weakening means that our exports become cheaper. How do I benefit form this. Think shipping industry. DRYS and otehr shippers should do well in this enrirnment.

Oil prices up mean that it is more valuable to drill for oil. How do I benefit . What about looking at a company like RIG.

The way I see the rise in gas and profits of the oil company is that my 401k is up about 18% year to date. Part of that is comprised of energy sectors taht I have been the benefitciary of. The bottome line is that if you can’t beat em join em.

[Raybyrnes]

Good time to make lemonade out of lemons. Oil prices going up mean that alrternative energy substitutes will become more economical.

How would this ply out. Think Solar. Polisilica is used to make processing chips for INTEL but they are also used in Solar Panals. One stock I have been following in MEMC stock symbol wfr.

The dollar weakening means that our exports become cheaper. How do I benefit form this. Think shipping industry. DRYS and otehr shippers should do well in this enrirnment.

Oil prices up mean that it is more valuable to drill for oil. How do I benefit . What about looking at a company like RIG.

The way I see the rise in gas and profits of the oil company is that my 401k is up about 18% year to date. Part of that is comprised of energy sectors taht I have been the benefitciary of. The bottome line is that if you can’t beat em join em.

[Author]

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