Latest peak oil news

[equalizer]

[quote=Rich Toscano]davelj, you are correct, peak oil is absolutely not accepted as fact by all experts. But I would note that CERA is famous for their optimistic view on oil production (not to mention their dismal forecasting record). They come across to me as the NAR of oil forecasting.

To be clear, I realize that you weren’t endorsing the views of CERA, and that you were just rebutting the “observation vs theory” statement — I just couldn’t help taking a shot at CERA.

rich[/quote]
There are very few people with any credibility in economic forecasting. Therefore, the best person to ask about peak oil, etc is the experienced CEO, and there is no one with more experience than Lee Raymond. Humanitarian of the year he may not be, but you can’t deny his excellent management skills.

XOM can afford to buy all the top scientists and economists in the world and therefore it is instructive to watch what their investments. (Talk is cheap, CERA)

“These resources are attractively positioned to increase natural gas production and to meet the growing demand for natural gas, which is expected to be the single biggest contributor to the U.S. and global energy mix over the coming decades,” Vice president of investor relations at Exxon Mobil, commenting on Dec 2009 $41 Billion bid for XTO Energy. http://www.nytimes.com/gwire/2009/12/15/15greenwire-exxons-bid-spotlights-bright-future-for-natura-56404.html

Check out Raymomd’s Charlie Rose interview from 2005. If this interview went on for 8 hours, listeners would know more about industry than most economists.

Exxon didn’t invest in new refineries
Great quote:”I don’t want Govt to help us when we are in trouble, that is on us, than is for us to manage risk level”

“No credible alternative fuel source was found after massive studies by Exxon in the 70’s. Since then, real price of oil has gone down and the alternatives are still not feasible…Charlie – What about BP and RD Shell and their alternate

…basic laws of thermodynamics haven’t changed since 1980 …
New refineries are not feasible (although expansion of current plants has been done)..Nuclear energy is profitable…”

http://www.charlierose.com/view/interview/663

From his 2007 interview, Lee talks about conservation, “Therefore, we have to become more efficient in how we use energy. Secondly, on the supply side, we have to try and have access to all available supplies. By that I mean conventional oil and gas, unconventional oil and gas, coal, nuclear, biofuels. Any energy supply source that can be economically competitive is something that we should try and develop and bring into the energy mix.”

http://www.pbs.org/nbr/site/onair/transcripts/070718_gharib/

[Ricechex]

OK…so this is a lot of commentary. The bottom line is…energy/oil is running out. If it was so abundant, then why would we be discussing it so much? There are some that believe in the “myth of progress” (Michael Greer) and I see that in the statements about electric cars, green technology, etc. It is all a fake, a front, false. We are on a downward spiral, and denial is probably a good thing, because after all, we are conditioned to be “positive”–and buy buy buy. Nature is a nice sideline, isn’t it?

The planet is finite and it can’t take much more. It is a done deal. It is difficult to know what do with money, because money is also a fake reality—a creation—means everything, but yet, means nothing. If you get your head out of the sand and accept the unbearable truth, then that is nothing but depression. It is the decline of this civilization and we are living it.

We try to beat it, by buying houses that are 50% off, and stocking up on supplies, but, this is no guarantee. The anxiety is getting up there.

[Ricechex]

OK…so this is a lot of commentary. The bottom line is…energy/oil is running out. If it was so abundant, then why would we be discussing it so much? There are some that believe in the “myth of progress” (Michael Greer) and I see that in the statements about electric cars, green technology, etc. It is all a fake, a front, false. We are on a downward spiral, and denial is probably a good thing, because after all, we are conditioned to be “positive”–and buy buy buy. Nature is a nice sideline, isn’t it?

The planet is finite and it can’t take much more. It is a done deal. It is difficult to know what do with money, because money is also a fake reality—a creation—means everything, but yet, means nothing. If you get your head out of the sand and accept the unbearable truth, then that is nothing but depression. It is the decline of this civilization and we are living it.

We try to beat it, by buying houses that are 50% off, and stocking up on supplies, but, this is no guarantee. The anxiety is getting up there.

[Ricechex]

OK…so this is a lot of commentary. The bottom line is…energy/oil is running out. If it was so abundant, then why would we be discussing it so much? There are some that believe in the “myth of progress” (Michael Greer) and I see that in the statements about electric cars, green technology, etc. It is all a fake, a front, false. We are on a downward spiral, and denial is probably a good thing, because after all, we are conditioned to be “positive”–and buy buy buy. Nature is a nice sideline, isn’t it?

The planet is finite and it can’t take much more. It is a done deal. It is difficult to know what do with money, because money is also a fake reality—a creation—means everything, but yet, means nothing. If you get your head out of the sand and accept the unbearable truth, then that is nothing but depression. It is the decline of this civilization and we are living it.

We try to beat it, by buying houses that are 50% off, and stocking up on supplies, but, this is no guarantee. The anxiety is getting up there.

[Ricechex]

OK…so this is a lot of commentary. The bottom line is…energy/oil is running out. If it was so abundant, then why would we be discussing it so much? There are some that believe in the “myth of progress” (Michael Greer) and I see that in the statements about electric cars, green technology, etc. It is all a fake, a front, false. We are on a downward spiral, and denial is probably a good thing, because after all, we are conditioned to be “positive”–and buy buy buy. Nature is a nice sideline, isn’t it?

The planet is finite and it can’t take much more. It is a done deal. It is difficult to know what do with money, because money is also a fake reality—a creation—means everything, but yet, means nothing. If you get your head out of the sand and accept the unbearable truth, then that is nothing but depression. It is the decline of this civilization and we are living it.

We try to beat it, by buying houses that are 50% off, and stocking up on supplies, but, this is no guarantee. The anxiety is getting up there.

[Ricechex]

OK…so this is a lot of commentary. The bottom line is…energy/oil is running out. If it was so abundant, then why would we be discussing it so much? There are some that believe in the “myth of progress” (Michael Greer) and I see that in the statements about electric cars, green technology, etc. It is all a fake, a front, false. We are on a downward spiral, and denial is probably a good thing, because after all, we are conditioned to be “positive”–and buy buy buy. Nature is a nice sideline, isn’t it?

The planet is finite and it can’t take much more. It is a done deal. It is difficult to know what do with money, because money is also a fake reality—a creation—means everything, but yet, means nothing. If you get your head out of the sand and accept the unbearable truth, then that is nothing but depression. It is the decline of this civilization and we are living it.

We try to beat it, by buying houses that are 50% off, and stocking up on supplies, but, this is no guarantee. The anxiety is getting up there.

[Nor-LA-SD-guy]

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[Nor-LA-SD-guy]

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[Nor-LA-SD-guy]

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[sdduuuude]

[quote=Ricechex]energy/oil is running out. If it was so abundant, then why would we be discussing it so much?[/quote]

The reason we are talking about it is – if nobody does anything, it’ll be a problem.

To me, it is kind of like the Y2K problem. Had nobody done anything, it would have been a disaster. However, pretty much everybody took time to upgrade their systems to use a 4-digit year and the effect of the issue was limited.

Certainly, we will run out of oil, but I don’t see it as a problem that will sneak up on us and cause global anihilation. We will have adequate time to let ecomomics and technology do what is necessary.

Since there is profit to be had for those who can find solutions, I have faith that solutions will emerge.

Certainly guys like the CEO mentioned above aren’t going to sit and watch their revenue stream disappear. They will continue to stay in the energy/natural resource business by providing solutions.

Lots of investors and entrepreneurs will kiss alot of frogs before finding a prince, but I susprect princes will emerge to avoid major lifestyle changes.

[sdduuuude]

[quote=Ricechex]energy/oil is running out. If it was so abundant, then why would we be discussing it so much?[/quote]

The reason we are talking about it is – if nobody does anything, it’ll be a problem.

To me, it is kind of like the Y2K problem. Had nobody done anything, it would have been a disaster. However, pretty much everybody took time to upgrade their systems to use a 4-digit year and the effect of the issue was limited.

Certainly, we will run out of oil, but I don’t see it as a problem that will sneak up on us and cause global anihilation. We will have adequate time to let ecomomics and technology do what is necessary.

Since there is profit to be had for those who can find solutions, I have faith that solutions will emerge.

Certainly guys like the CEO mentioned above aren’t going to sit and watch their revenue stream disappear. They will continue to stay in the energy/natural resource business by providing solutions.

Lots of investors and entrepreneurs will kiss alot of frogs before finding a prince, but I susprect princes will emerge to avoid major lifestyle changes.

[sdduuuude]

[quote=Ricechex]energy/oil is running out. If it was so abundant, then why would we be discussing it so much?[/quote]

The reason we are talking about it is – if nobody does anything, it’ll be a problem.

To me, it is kind of like the Y2K problem. Had nobody done anything, it would have been a disaster. However, pretty much everybody took time to upgrade their systems to use a 4-digit year and the effect of the issue was limited.

Certainly, we will run out of oil, but I don’t see it as a problem that will sneak up on us and cause global anihilation. We will have adequate time to let ecomomics and technology do what is necessary.

Since there is profit to be had for those who can find solutions, I have faith that solutions will emerge.

Certainly guys like the CEO mentioned above aren’t going to sit and watch their revenue stream disappear. They will continue to stay in the energy/natural resource business by providing solutions.

Lots of investors and entrepreneurs will kiss alot of frogs before finding a prince, but I susprect princes will emerge to avoid major lifestyle changes.

[sdduuuude]

[quote=Ricechex]energy/oil is running out. If it was so abundant, then why would we be discussing it so much?[/quote]

The reason we are talking about it is – if nobody does anything, it’ll be a problem.

To me, it is kind of like the Y2K problem. Had nobody done anything, it would have been a disaster. However, pretty much everybody took time to upgrade their systems to use a 4-digit year and the effect of the issue was limited.

Certainly, we will run out of oil, but I don’t see it as a problem that will sneak up on us and cause global anihilation. We will have adequate time to let ecomomics and technology do what is necessary.

Since there is profit to be had for those who can find solutions, I have faith that solutions will emerge.

Certainly guys like the CEO mentioned above aren’t going to sit and watch their revenue stream disappear. They will continue to stay in the energy/natural resource business by providing solutions.

Lots of investors and entrepreneurs will kiss alot of frogs before finding a prince, but I susprect princes will emerge to avoid major lifestyle changes.

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