Life after oil... interesting read..

[Jawo]

Another great site is Winning the Oil Endgame, it pretty much describes what we should do to end our oil dependancy that has lasted for so long....
by the way...does anyone realize why the US "loves" Saudi Arabia so much? FDR/Truman agreed with them that if we get oil, they get our protection...........so it was long before the present time that we were involved in the Middle East

 

[Maverick]

Once the Oil Wars start...I'm gonna do the only sane thing left.

Buy a horse

 

[Conky]

I read most of that link and it's not real scientific despite trying to come off that way.

They totally lost me when they asserted that the current war in the middle east is not about terror but instead about oil and that this war will last until the oil runs out in the middle east. Huh?

Oil is not going to run out in our lifetime.

 

[LS20]

no need to rush to the hydrogen economy, because we will be under the methane economy for atleast 50 more years. how many technological advances have we made in the past 50 years? right now, there are delivery contracts for oil being written at 45$ per barrel... if their price is supposed to skyrocket, apparently these investors and traders who put millions of dollars into it are out of the loop......

 

[OffTopic1]

because we will be under the methane economy for atleast 50 more years.

Don?t be surprise when raw sewage fetches $45 a barrel.

 

[sonz70]

Heres a thought, in the article it says Oil in Iraw can be pumped at a cost of 1$ a barrel. So does the new cheap source of oil for the states, offset the cost of the war?

 

[Cuda1447]

Originally posted by: LS20
no need to rush to the hydrogen economy, because we will be under the methane economy for atleast 50 more years. how many technological advances have we made in the past 50 years? right now, there are delivery contracts for oil being written at 45$ per barrel... if their price is supposed to skyrocket, apparently these investors and traders who put millions of dollars into it are out of the loop......

Weren't we paying over $50 a barrel a few months ago, or even now? You have sources to show the $45 a barrel?

 

[OffTopic1]

Originally posted by: sonz70
Heres a thought, in the article it says Oil in Iraw can be pumped at a cost of 1$ a barrel. So does the new cheap source of oil for the states, offset the cost of the war?

Hubbert peak Political implications

The original vision for post war Iraq was for it to be a tranquil example of a market economy and have free flowing oil. The U.S. military estimated revenues of between 50 and 100 billion dollars over 5 years for Iraq's oil which they alleged would offset the cost of rebuilding Iraq. Proponents of the oil industry claim it is unlikely that oil companies specifically asked for the invasion of Iraq. Iraqi oil reserve maps were used by Vice President Dick Cheney and a group of oil industry insiders to formulate U.S. energy policy in early 2001. Some oil company executives claim to value stability above all else. The stock market also values the stability of contractual arrangements, a regular return on capital, and not getting company employees killed and equipment blown up. Charles H. Featherstone says, "If there were commercial quantities of oil in Hell, Exxon executives would not call God and demand regime change. They would buy an extremely nice lunch for the Devil, and they would talk contract and concession terms".

It sounds like they are going to recoup the cost of war in the next 15-30 years.

Weren't we paying over $50 a barrel a few months ago, or even now? You have sources to show the $45 a barrel?

Spot market currently standing at $58 for the moment, but was at $60 per barrel. And, the $45 price he quoted was when most contractors try to lock in at, because of the hike fear.

 

[sonz70]

TTT for more opinions.

 

[11thHour]

Like everything else in the world, oil will become a luxury for the consumption and benefits of mostly the rich.

 

[Nocturnal]

ttt

 

[Confusednewbie1552]

bump

 

[Cuda1447]

kerbumpage

 

[LS20]

Originally posted by: OffTopic
[
Spot market currently standing at $58 for the moment, but was at $60 per barrel. And, the $45 price he quoted was when most contractors try to lock in at, because of the hike fear.

thing is: if there is a true hike fear, these contracts would never be completed. for someone to buy, someone else would have to sell. if you think the price would quadruple in 10 years, why would you agree to sell in that 10 years oil at the same price now.

Originally posted by: Cuda1447

Weren't we paying over $50 a barrel a few months ago, or even now? You have sources to show the $45 a barrel?

from article in the current Alcade (uni of texas alum publication).. online articles not accessible without password. ill try to scan my hardcopy if you'd like

 

[flexy]

Originally posted by: 11thHour
Like everything else in the world, oil will become a luxury for the consumption and benefits of mostly the rich.

there is MUCH too big an agenda (the whole oil industry, gvt. involvment etc.) - they will NOT have an intention that oil (in the future) is only something for a few elites.

If this weren't the case we ALREADY had much more fuel efficient cars, a MUCH bigger emphasis on alternative energies etc..etc..

BUT - you have a point, oil WILL become a luxury, simply because it WILL run out. Be it in +/- years, doesnt matter. it's a non renewable source of energy.

This will change (means: the agenda and the focus of the big corporates, including the focus and actions of our government !) because they WILL need to change and adopt alternative energies/technologies.

Then oil use will slowly fade away from mainstream and maybe really only a few elites etc. might use it.....but there will be other tech/sources available..just because THERE HAS TO.

 

[flexy]

Originally posted by: flexy

Originally posted by: 11thHour
Like everything else in the world, oil will become a luxury for the consumption and benefits of mostly the rich.

this is so also not right.

Compare: Today for sure MORE people (incl. 3rd world countries) have electricity, water, communication (phone etc.) then they had in the past.

Its NOT that "in the olden days" all the "poor people" had those resources and NOT today because it became "luxury"

 

[LS20]

the figures of future oil demand is also faulty... they assume current conditions, and do not take into account of responses to price hikes (if there will be such a drastic one)..

many growing countries are switching to natural gas dependency instead of oil. why would china be strongly oil dependent? as an example, in rural areas of china, it was much more convenient and price-effective to simply use cell phones instead of building land lines. similarly, when automobile use becomes common, the chinese will go with gas and electric cars rather than petrol

 

[JoeKing]

I picture a Mad Max like world.

I get to be Mad Max, who's gonna be Tina Turner?

 

[botd4u]

Time to ride horses again hahhaa either that or Hydrogen Fueled cars? or those super fast electric magnetic trains (they do exist in Japan)

 

[OffTopic1]

Originally posted by: LS20
the figures of future oil demand is also faulty... they assume current conditions, and do not take into account of responses to price hikes (if there will be such a drastic one)..

many growing countries are switching to natural gas dependency instead of oil. why would china be strongly oil dependent? as an example, in rural areas of china, it was much more convenient and price-effective to simply use cell phones instead of building land lines. similarly, when automobile use becomes common, the chinese will go with gas and electric cars rather than petrol

If you read the links that I provided, it stated that the US hasn't been building new oil power plants and is aggressively building new natural gas power plants. The US is also getting cheaper gas from Canada, price at 80% less than oil and is cleaner to burn.

[Retract] Natural gas is cheaper and cleaner than oil but not at 80%. Over 80% of US natural gas import is from Canada.

 

[LS20]

Originally posted by: OffTopic

If you read the links that I provided, it stated that the US hasn't been building new oil power plants and is aggressively building new natural gas power plants. The US is also getting cheaper gas from Canada, price at 80% less than oil and is cleaner to burn.

as we rightly should be. again, everyone agrees that oil is a finite resource. what i disagree with is the rapidity with which we 'lose' oil, and, more importantly, the civilization collapse that people spook

UT's department of petro engineering has collected articles of oil scare in popular publications and they have one that dates all the way back to.... taddaaa.... 1911.

'same sh7t, different day', as some poeple say...

 

[OffTopic1]

thing is: if there is a true hike fear, these contracts would never be completed. for someone to buy, someone else would have to sell. if you think the price would quadruple in 10 years, why would you agree to sell in that 10 years oil at the same price now.

The reason that they make bulk sales, because it assure revenues & make the investor confident. Same reason why can get cheap season ticket to the best Sport team in America, while knowingly that you can sell out most ticket at much higher price.

The oil producers will lose customers if they hold out for better contracts for too long, because there will be someone else willing to get a new customer. Holding out contracts also create global market instability, which in turn will affect the oil producers (ripple effect).

 

[Judgement]

The article failed to spook me. I guess I don't fall into their easily manipulated/brain washed target audience.

There is more oil than you think, and by the time oil is no longer viable the alternatives will get the job done.

 

[OffTopic1]

Originally posted by: LS20

Originally posted by: OffTopic

If you read the links that I provided, it stated that the US hasn't been building new oil power plants and is aggressively building new natural gas power plants. The US is also getting cheaper gas from Canada, price at 80% less than oil and is cleaner to burn.

as we rightly should be. again, everyone agrees that oil is a finite resource. what i disagree with is the rapidity with which we 'lose' oil, and, more importantly, the civilization collapse that people spook

UT's department of petro engineering has collected articles of oil scare in popular publications and they have one that dates all the way back to.... taddaaa.... 1911.

'same sh7t, different day', as some poeple say...

Sorry my mistake.

On one of the link I provided it stated that it is cheaper/cleaner to use natural gas than oil/coal, and is cleaner than nuclear.

Over 80% of US import natural gas is from Canada.

About 95 percent of U.S. natural gas imports are from Canada. -- NaturalGas.org

 

[LS20]

Originally posted by: OffTopic

Sorry my mistake.

On one of the link I provided it stated that it is cheaper/cleaner to use natural gas than oil/coal, and is cleaner than nuclear.

Over 80% of US import natural gas is from Canada.

About 95 percent of U.S. natural gas imports are from Canada. -- NaturalGas.org

yeah, natural gas is overall a much better source of energy than oil; it makes sense for it to replace oil as the next big energy source. the problem in the past was transportation (perhaps reason why most of our import is from canada? this--im not sure about), but liquefied natural gas now makes it possible. there have been only 4 or 5 LNG ports in the country for the past 30 years... and now we're planing to build 40 or 50 more in the near future... sign of good progress, i say

there are a few applications of oil that cannot be replaced by gas, but this will not pose a problem once we lose dependency on oil.