Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:27 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: 'Peak oil' doomsayers proved wrong Back to Topics
Bill G.
Champion Author
Hartford

Posts:53,000
Points:3,615,515
Joined:Apr 2004
Message Posted: Mar 6, 2013 1:02:09 PM

Five years ago, some oil market speculators became convinced that the world was nearing the limits of oil production. Sometime soon -- the 2010s? the 2020s? -- oil production would begin a long steady decline.

Think again. World oil production continues to rise. Leading the oil renaissance: the United States. The International Energy Agency predicts that the United States will overtake Saudi Arabia and Russia to become (again!) the world's leading oil producer by 2017. If the agency's estimates prove correct, the United States and Canada together will become net energy exporters by about 2030, and the U.S., which uses 20% of the world's energy, will achieve energy self-sufficiency by the mid-2030s.


Visit CNN for full article
REPLIES (newest first) Post a Reply
DanMtz
Champion Author Oakland

Posts:6,743
Points:2,056,840
Joined:Oct 2009
Message Posted: Mar 7, 2013 3:44:29 PM

There is no peak oil, at least not now.
FluffyDogAttack
Champion Author Riverside

Posts:1,772
Points:191,005
Joined:Oct 2012
Message Posted: Mar 7, 2013 12:57:31 PM

In other news, it has been found that the UFO hidden in the comet tail actually DID pick up the spirits of the Heaven's Gate suicide cult. So don't fret, some doom & gloom fantasies actually DO come true.
drpepperTX
Champion Author Texas

Posts:14,635
Points:1,561,095
Joined:Apr 2011
Message Posted: Mar 7, 2013 12:12:35 PM

Devastating news to the "green" shills!
Jeff4U
Champion Author Atlanta

Posts:12,444
Points:2,669,220
Joined:Nov 2004
Message Posted: Mar 7, 2013 10:42:25 AM

Peak oil - about as real as global warming.
snagged
Veteran Author Akron

Posts:468
Points:360,220
Joined:Oct 2012
Message Posted: Mar 7, 2013 1:50:47 AM

You never know.
wz
Champion Author Twin Cities

Posts:5,840
Points:2,089,670
Joined:Feb 2009
Message Posted: Mar 7, 2013 1:44:16 AM

Extraction technology will continue to increase the amount of oil that comes from existing wells and fields (some of which were shut down or capped because it costs too much to extract the oil at $20/barrel). Some of the old wells are starting to open up again with oil in the $90-$100 range, and new technologies (like fracking) are turning known reserves into recoverable oil. These advances are likely to continue until they find a way to produce synthetic oil. Scientists produced a barrel of oil from live plants in about 20 minutes using extreme heat and pressure, but the energy required exceeded the energy contained in the oil.
MrLefty0706
Champion Author Chicago

Posts:4,792
Points:1,185,835
Joined:Apr 2012
Message Posted: Mar 7, 2013 1:43:49 AM

I sure hope alternative energy will be making a huge impact before 2020.
Trudat316
Veteran Author Missouri

Posts:341
Points:54,840
Joined:Feb 2013
Message Posted: Mar 7, 2013 1:22:32 AM

Peak oil occurs when we can no longer export any of our own oil to China, but (sigh) sell it just to Americans.
MAC48
Champion Author Dallas

Posts:4,058
Points:1,518,660
Joined:Dec 2006
Message Posted: Mar 7, 2013 12:59:04 AM

Peak oil will occur one day but not in our lifetimes. The Shell Oil engineer was 100% correct in his 1950s prediction of peak oil using the viable oil reserves and recovery technologies of the times when he made his prediction. New technology has revealed new viable oil reserves and new oil recovery technology has made oil formations such as shale formations that were know to exist and the reserves discovered since the 1950s such as deep sea recovery economically possible and practical.

[Edited by: MAC48 at 3/7/2013 1:04:54 AM EST]
car253
Champion Author Ohio

Posts:9,415
Points:2,236,335
Joined:Oct 2008
Message Posted: Mar 6, 2013 11:32:21 PM

Everyone has an agenda.
bwp9970
Veteran Author Alabama

Posts:370
Points:927,065
Joined:Nov 2010
Message Posted: Mar 6, 2013 10:41:12 PM

Whatever
A_NY_Outlaw
Champion Author Albany

Posts:1,565
Points:1,449,360
Joined:Mar 2011
Message Posted: Mar 6, 2013 9:59:39 PM

It must turn the libbies stomachs that their beloved communist news network is painting a pretty picture for their arch enemy- big oil. Too bad that even with our output, we are STILL too dependent on foreign oil.
drobbbb
Champion Author Maryland

Posts:6,613
Points:1,625,505
Joined:Dec 2010
Message Posted: Mar 6, 2013 9:08:37 PM

nobody knows the truth
TomT2Lee
Champion Author Cincinnati

Posts:6,503
Points:2,038,375
Joined:Sep 2005
Message Posted: Mar 6, 2013 8:49:42 PM

There is enough hot gas in this article to out-shine the sun. The author seems to completely miss the main point of peak oil.
NHLiveFree
Champion Author New Hampshire

Posts:15,110
Points:2,416,340
Joined:Jun 2008
Message Posted: Mar 6, 2013 8:39:55 PM


... and, of course, Mother Nature is cooking up a lot more crude underground somewhere?
CityCouponer
Champion Author New Orleans

Posts:2,736
Points:691,035
Joined:Aug 2012
Message Posted: Mar 6, 2013 8:31:25 PM

Really!?
sillywagon
Champion Author New York

Posts:20,963
Points:2,254,620
Joined:Oct 2008
Message Posted: Mar 6, 2013 8:10:42 PM

It's the end of the world... um... ah... oh... eh... I guess... I'm... I'm sorry I guess I was wrong.
louisakitty
All-Star Author Florida

Posts:930
Points:688,550
Joined:Feb 2013
Message Posted: Mar 6, 2013 7:38:01 PM

Interesting.
Rossp86
Rookie Author New Hampshire

Posts:70
Points:800,675
Joined:Oct 2012
Message Posted: Mar 6, 2013 7:19:15 PM

What a great article.
nicven
Champion Author Virginia Beach

Posts:1,176
Points:673,220
Joined:May 2004
Message Posted: Mar 6, 2013 7:17:07 PM

kkimes you are exactly right.
montpelier28
Champion Author Vermont

Posts:3,866
Points:1,566,575
Joined:Apr 2010
Message Posted: Mar 6, 2013 7:06:16 PM

now it's everywhere
SUNOIL
Champion Author Toledo

Posts:8,625
Points:2,716,385
Joined:Jul 2007
Message Posted: Mar 6, 2013 6:53:09 PM

Hard to guess what will happen.
Pramodsharma
Champion Author Richmond

Posts:5,224
Points:1,172,345
Joined:Feb 2012
Message Posted: Mar 6, 2013 6:51:30 PM

Yeah and they were worried about how their children will take transportation LOL
RAE344
Champion Author Virginia Beach

Posts:6,507
Points:1,471,675
Joined:Jun 2011
Message Posted: Mar 6, 2013 5:30:57 PM

We will never achieve self-sufficiency in energy. The more we make, the more we will use.
daytonabiker
Champion Author Florida

Posts:2,997
Points:871,820
Joined:Oct 2012
Message Posted: Mar 6, 2013 5:23:33 PM

Mission is NOT accomplished
Nationalize the oil in Iran, Iraq, Saudi Arabia,
Oil companies in America
Leave Qatar alone
Then the mission will be accomplished
tnfran
Champion Author Arizona

Posts:7,674
Points:1,636,010
Joined:Dec 2010
Message Posted: Mar 6, 2013 5:21:24 PM

Yes because they don't "know the Creator" of the universe and His provision for mankind.
bwatchingu
Champion Author Arkansas

Posts:5,090
Points:1,413,975
Joined:Jan 2009
Message Posted: Mar 6, 2013 5:15:43 PM

Peak oil-expert lies.Global Warming-more expert lies.
bill294
Champion Author Chicago

Posts:1,116
Points:1,088,825
Joined:Mar 2012
Message Posted: Mar 6, 2013 5:15:41 PM

I think the doom- sayers and the eager optimists have us running around aimlessly without an national energy strategy
OHMS
Champion Author Orange County

Posts:17,385
Points:2,511,695
Joined:May 2005
Message Posted: Mar 6, 2013 4:52:29 PM

"proof" like 'truth' remains flexible, eh?
Zuegma
Champion Author Nova Scotia

Posts:4,116
Points:1,007,880
Joined:Aug 2012
Message Posted: Mar 6, 2013 4:20:09 PM

The actual true recoverable reserves are indeed time/technology driven and subject to change.
Just wait till the current "Global Warming" mania becomes: egad, it's worse: it's "Global Cooling" (for the 20th time since the Pleistocene Era) -in a couple hundred years or less.
To quote a lesser known US author: "I shall not die of a cold. I shall die of having lived." -- W. Cather.



[Edited by: Zuegma at 3/6/2013 4:24:03 PM EST]
turboz2012
Champion Author Charleston

Posts:1,027
Points:1,063,795
Joined:Feb 2012
Message Posted: Mar 6, 2013 4:04:48 PM

It was all to drive the price up.
humblepie
Champion Author Toledo

Posts:65,141
Points:3,185,745
Joined:Mar 2006
Message Posted: Mar 6, 2013 3:45:45 PM

like global warming just a load of bovine excrement
DABEE1073
Champion Author San Diego

Posts:11,800
Points:2,384,250
Joined:Jun 2008
Message Posted: Mar 6, 2013 3:45:24 PM

Drill Here. Drill Now. KEEP IT HERE!!!
molebaby96
Champion Author Tallahassee

Posts:3,467
Points:1,227,900
Joined:Nov 2011
Message Posted: Mar 6, 2013 3:41:50 PM

Lower gas prices
ErnieK9LO
Champion Author North Dakota

Posts:5,628
Points:1,240,000
Joined:Nov 2010
Message Posted: Mar 6, 2013 3:02:36 PM

Keep the oil in the US where it belongs. Not in China
FluffyDogAttack
Champion Author Riverside

Posts:1,772
Points:191,005
Joined:Oct 2012
Message Posted: Mar 6, 2013 3:02:13 PM

When does the Earth get ruined? That sounds so scary! But hey, it's something to look forward to.

*bet we couldn't ruin the earth if we tried. We'd be gone first. Earth will be here LONG after we're gone*
kkimes
Champion Author Illinois

Posts:2,580
Points:2,209,185
Joined:Sep 2005
Message Posted: Mar 6, 2013 2:52:49 PM

The good news is that you can burn all the oil you want. The bad news is that doing so will ruin the earth and make the planet uninhabitable. So, be careful for what you wish for.
doggod
Champion Author Anchorage

Posts:4,340
Points:1,067,560
Joined:May 2009
Message Posted: Mar 6, 2013 2:50:25 PM

Actually, the history of that kind of thing goes back hundreds, if not thousands of years. Doomsayers in England predicted a return to cave dwelling because they were cutting down trees and burning them for fuel faster than new ones were growing. Then somebody discovered coal.

Johnny907
Champion Author Alaska

Posts:3,631
Points:1,074,130
Joined:Jun 2012
Message Posted: Mar 6, 2013 2:39:58 PM

The sooner the better for the US
Coco0828
Champion Author Dallas

Posts:3,299
Points:860,735
Joined:Aug 2012
Message Posted: Mar 6, 2013 2:32:13 PM

wow what an article. Just like you can't predict the date for the end of the world. It's in God's time.
must87searcher
Champion Author Maryland

Posts:12,261
Points:2,605,575
Joined:Apr 2008
Message Posted: Mar 6, 2013 2:29:01 PM

This just goes to show that a number of theories can become wrong.
gbs1
Champion Author Minnesota

Posts:5,386
Points:1,576,875
Joined:Mar 2011
Message Posted: Mar 6, 2013 2:17:53 PM

Nice to see our reduced dependance on Middle East oil. As it turns out we have plenty of it in North America.
fowlcan
Champion Author Oklahoma City

Posts:3,781
Points:1,421,630
Joined:Feb 2011
Message Posted: Mar 6, 2013 2:01:59 PM

For now!
FluffyDogAttack
Champion Author Riverside

Posts:1,772
Points:191,005
Joined:Oct 2012
Message Posted: Mar 6, 2013 2:01:01 PM

Maybe they should take a tip from the Global Warming crowd did when they re-branded their cause to "Climate Change". When you've got it wrong just change the name. Hmm.....Peak Oil can now be...hmmm....."Oil Change". Yep, we all need an Oil Change now and then.
evowner
Champion Author Salem

Posts:5,963
Points:1,173,165
Joined:May 2012
Message Posted: Mar 6, 2013 1:58:50 PM

If you find more oil at any cost or effort then peak oil could be delayed not avoided.
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Mar 6, 2013 1:50:46 PM

naive or malicious
kchristie79
Sophomore Author Dallas

Posts:130
Points:77,220
Joined:Feb 2013
Message Posted: Mar 6, 2013 1:26:50 PM

This is why spectulation should not be allowed to control the price of gas. They should have to base it on facts.
Grismer
Champion Author Kitchener-Waterloo

Posts:11,789
Points:2,524,320
Joined:Apr 2008
Message Posted: Mar 6, 2013 1:16:14 PM

Regardless, oil and refined oil products will still not become any more affordable.
mitt4prez
Champion Author Tacoma

Posts:5,134
Points:2,042,415
Joined:Nov 2007
Message Posted: Mar 6, 2013 1:12:23 PM

Worse, no matter how many wooden stakes are pounded through this monster, the press will keep howling that we need more govt to save us from this woodenstaked monster.
gizbo123
Champion Author Los Angeles

Posts:3,127
Points:2,415,925
Joined:Dec 2005
Message Posted: Mar 6, 2013 1:11:13 PM

fear fear to get liberal agenda over on us. Easy huh?
Post a reply Back to Topics