Peak Oil Theory

[HSpiering]

A clip from the theory we are running out of cheep oil.

" I think prices have to go way higher. The sooner people get used to the fact that we are still living in a fool’s paradise, the better ... you just can not argue that $100 a barrel is expensive when you realize it is 15 cents a cup — do you know anything other than crude oil that sells for 15 cents a cup? I know wine doesn’t, bottled water doesn’t. "

 

[Gary - K7GLD]

A clip from the theory we are running out of cheep oil.

" I think prices have to go way higher. The sooner people get used to the fact that we are still living in a fool's paradise, the better ... you just can not argue that $100 a barrel is expensive when you realize it is 15 cents a cup — do you know anything other than crude oil that sells for 15 cents a cup? I know wine doesn't, bottled water doesn't. "

The old notion - and attempt - to compare fuel price per gallon with perfume, whiskey, bottled water, and other products is pure CRAP and an effort to divert attention from runaway fuel costs!



Fact is, we don't NEED perfume, whiskey, or bottled water to get to work, cultivate fields, and deliver consumer goods in an economical and affordable manner - we *DO* need fuel!



The rich liberals will love nothing more, than seeing our conventional-fueled vehicles gathering dust and cobwebs in our garages as we walk or bicycle to work, as THEY continue to drive and fly unencumbered and uncrowded to all the neat places THEY like, on fuel they with their millions can still afford...



They'd love nothing more than to see the lower class peons of the world (the REST of us!) herded into closely corralled and supervised metropolitan areas, as THEY continue their carefree and UN-controlled lifestyles...

 

[JDiepstra]

Do you support the claims in your post or are you just posting what someone else said for a reaction?



I guarantee I can get you a cup of water for less than 15 cents. I'll bet you could do it if you just turned on any faucet in your house. The reason all these designer products cost so much is because of image and advertising.



Oil comes from the ground, just like water. Are you telling me ground water should be $100 a barrel? Man, imagine how much it would cost after it was filtered, bottled, and shipped!

 

[Gary - K7GLD]

Every society in the world has been built upon a 2-class basis - the rich and the poor. The United States was established contrary to that structure, as oppressed Europeans sought a place where they would be free to use individual abilities to advance themselves and their families, free of "class" limitations and penalties.



Most societies of the world STILL have only 2 classes, including the ones who call themselves Communist or Socialist - in those, you STILL have only 2 classes - the wealthy rulers, and the poorer workers.



Free enterprise and Capitalism - the ability of free and imaginative society, are a GREAT thing in basic design and function, and have served this country well - but actions to PERVERT Capitalism and Free enterprise, are slowly but surely again pushing this country and society back into a 2-class nation - the "haves", and the "have nots".



Capitalism and free enterprise are great and grand foundations of any society - but make NO mistake, they CAN become perverted, and if left totally uncontrolled, do as much DAMAGE to a society as any gun or other weapon!



The greatest single goal and effort of the "haves", is to herd the population into closely bounded areas - much like a herd of cattle - where they can be monitored, controlled, and generally cared for AS LONG AS THEY ARE PRODUCTIVE and an asset to that society.



We in this country only need to wake up, look around, and see the slow, but deliberate efforts of our various"controllers" at various government, economic and industrial levels, to "corral" the rest of us, limit our freedoms and travel, and generally keep us "penned up" and under control - just like SHEEP!

 

[ceastmen]

Bunk

I hope the quote was just for a reaction!

Because you've already got some and surley more will follow.

 

[Gary - K7GLD]

Just to demonstrate the separation of rich and powerful, vs the peons on terms of concern over fuel prices and environmental issues:



On board the world's first 'gigayacht': The £100m luxury yacht with its own garden, pool and tennis court | the Daily Mail



Folks with power and $$$ are relatively untouched and uncaring at global energy issues - as long as THEY are not affected...



Chances are, the cost of that yacht was paid for by the price WE are paying for our fuel...

 

[steved]

Fact is, we don't NEED perfume, whiskey, or bottled water to get to work, cultivate fields, and deliver consumer goods in an economical and affordable manner - we *DO* need fuel!

In this respect, I see oil/gas/diesel as a public utility that our country would not be able to survive without, like electricity... and should be regulated as such.



I do not mind paying the higher prices, but I truly despise the daily up/down flux in price. I feel regulation would calm a lot of people since they would be able to count on the price not fluctuating and be able to "plan" finances around it.

 

[HSpiering]

In this respect, I see oil/gas/diesel as a public utility that our country would not be able to survive without, like electricity... and should be regulated as such.



Time and again price regulation has proven never to work. Why woul we consider a third world practice?

 

[steved]

Seems to work for the electric company... I never need to worry if I'm going to be paying $100 or $500/month for my usage (there are no surprises).

 

[HSpiering]

Seems to work for the electric company... I never need to worry if I'm going to be paying $100 or $500/month for my usage (there are no surprises).

Not sure about that. But if Canada sent us electricity for say 5 cents Kwh and the Chinese said they would pay 10 cents Kwh. I wonder how much we would still import??

 

[MOates]

35 years ago when OPEC turned off the tap for the first time, the supporters of the peak oil theory were screaming that we'd be out of oil in 20 years.



Well, 20 years later we still had plenty of oil left. Then they started saying we'd be flat out by 2010 for sure.



Well, here it is 2008. We've still got plenty of oil (albeit high priced thanks to the jacka## speculators on Wall Street). Now they're saying "this time for sure guys, 2030, after that it's all downhill".



Been there, heard that, not buying the BS any more.

 

[DJW]

Reading an encyclopedia dated 1926 there was an article on alcohol being the next internal combustion engine fuel, as world supplies of petroleum were expected to run out in the near future. A sure thing using the technology of that time.

 

[JesseJ]

Heard about the peak oil theory, don't know if I believe it or not, but I believe what the peak oil theorists are trying to say is that the world is using up oil far faster than the world is now discovering new oil. All you have to do is look at China and India, basically 1/3 of the worlds population coming out of poverty into a huge rising middle class and they all want all the things we americans have been enjoying for years. When you have that many people all of a sudden driving cars instead of riding bikes, there's less excess oil to go around. They are certainly correct in saying that oil consumption has been rising way faster than new oil discoveries. I think part of that problem is all the environmentalists not wanting exploration to be done also. If the liberals have anything to say about it, we'll probably be the ones who end up having to ride the bikes.

 

[SBall]

35 years ago when OPEC turned off the tap for the first time, the supporters of the peak oil theory were screaming that we'd be out of oil in 20 years.

Sorry but you're stating that incorrectly. The peak oil prediction by M. King Hubbert back in 1969 ish stated that US production of oil would peak (not sure what the exact date was) in the 70s or 80s. It didn't state that we'd be "out of oil" by then, only that it would be the date of peak production within the US. That prediction turned out to be true from what I've read if follow-up production reports.

Ken Deffeyes (author of Hubberts Peak), using similar analytical tools predicted that world oil production would peak in the year 2005. Despite a few optimistic discoveries of new oil reserves, (many of them in hard to reach areas), his prediction is looking pretty accurate as well.

World demand is growing while world production rates are not keeping up. That's the bottom line.

 

[klenger]

World demand is growing while world production rates are not keeping up. That's the bottom line.

And somehow that's all George Bush's fault.

 

[bmoeller]

I do not mind paying the higher prices, but I truly despise the daily up/down flux in price. I feel regulation would calm a lot of people since they would be able to count on the price not fluctuating and be able to "plan" finances around it.

Price fixing is the worst thing you could do.

 

[klenger]

Why is it that so many people believe in free enterprise and supply and demand with everything except automotive fuel?

 

[bmoeller]

Good question.