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Iceland to Voluntarily Go Oil Free in 30-40 Years
scottennis writes "Yahoo is carrying a
story about Iceland's plan to wean itself from fossil fuels.
The article states that Iceland is giving itself 30-40 years to kick the oil habit completely. Of course some researchers estimate that in 30-40 years we won't have much of a choice."
It would be nice if the U.S. started making some long term goals. I think one of the biggest problems the government has is its band-aid approach to everything. We should be setting long term goals. Where should we be 20 years from now, 100 years from now, 1000 years from now? Much of who you are derives from the direction you take and the goals you set. How do you view someone who has no long term goals and no clear direction?
Cat
Bjork's parents are the King and Queen of Iceland? Wow.
(Haha nice troll)
--- Sueños del Sur - a webcomic about four young siblings
They will probably switch to whale oil.
Thomas Gold of Cornell University says oil deposits may not actually be from decaying animal life but from methane left over from the Earth's origin. If that is the case, vast deposits would apparently exist throughout the earth, not just the surface deposits we are using now.
What that says about man's ability to destroy his environment, given a potentially limitless supply of tools, I hate to even think. No idea whether Gold'll be proved correct or not, but it's an interesting counterpoint.
Iceland gets about 40% of it's energy from fossil fuels, this is what it wants to get away from. All of this fuel is for cars, busses and ships. It has a huge electricity surplus from hydro and geothermal plants built after it got it's independence when European colonialization collapsed in the 40's. A lot of this energy is exported in the form of aluminum but you can't easily burn that, so hydrogen just makes a lot of sense. Iceland was also burned by leaded gas, they kept using it until some time in the 80's or early 90's, and it became the number one pollutant in the capital. This was discovered in the city playgrounds, which had hundred of times the safe limits for lead. Just image the media fiasco.
The whole running out of oil was based on the continental US oil reserves running down, but then the middle east oil was discovered. If you listen carefully the experts don't say we'll run out but that the cost will increase to a point where other fuels cost less. There will still be plenty of oil for candles and plastics, but it will be too expensive to simply burn for fuel just like we no longer burn whale blubber for fuel.
We can also make candles and plastics out of agricultural oils, and eventually we will. Whether that will be in 200 years or 2000 I can't tell you, and frankly don't care.
Case in point: ANWR. ANWR oil is going to cost more than Arabian oil, a fact that Bush+Co don't like to point out. The USGS assessment is that there is *no* oil in ANWR that is recoverable for less than $15/barrel. $20/barrel lets you extract maybe a 3rd of the reserve. Get up to $30/barrel and you can get most of it.
How much does it cost Saudi Arabia to get that same barrel? About 2 dollars .
(Current spot price is about $25/barrel due to mideast tension, but it's been as low as $17.5 earlier this year.)
We aren't going to run out of oil anytime soon. What will happen is that the price will go up as we use up the easy stuff.
Eric
"Seven Deadly Sins? I thought it was a to-do list!"
For those of you that care the editorial written by Mr Bartlett referenced above is the result of work done by the National Center for Policy Analysis. A rather conservitive group whos self proclaimed mission statement includes the following:
The NCPA's goal is to develop and promote private alternatives to government regulation and control, solving problems by relying on the strength of the competitive, entrepreneurial private sector.
I think it's safe to say that any thinktank looking for a way to turn the worlds problems over to private corporations has a vested interest in demonstrating that there is no energy crisis.
Also please note that the theory upon which all of this argument is based is one put forth by a Mr Thomas Gold. An Astronomer. Not a geologist... an Astronomer.
Furthermore I should point out that no one said we were running out of fossil fuels at a frightening rate. There's lots of coal down there. It's a pain in the arse to get out and will cause more environmental problems than we know what to do with (coal has all kinds of fun trace elements in it) but it's there.
Finaly, in an attempt to address the issue of the ever peeking graph. Remember that the amount we can extract at a given level of economic benefit is changing as technology improves. But also, remember that as technology improves our desire for MORE oil has also increased (historicaly). The trend is inescapable. Oil CAN NOT be infinite. Not unless we start seriously rethinking the fundamental makeup of the earth ("The continents float on a layer of petrolium?")
Sooner or later we're going to run out of this stuff. It might be in 40 years or 100. Either way it will happen eventualy. We also know that burning this stuff puts all kinds of lovely chemicals into the air which kill people. Oil has so many more practical uses than burning it. We should be putting some money into energy sources like fusion (it's not as far off as we think) and saving this suff for future use as plastics etc.
Killfile(TGK)
No trees were killed in the creation of this post. However, many electrons were inconvenienced.
Actually, you want us (Canada) to invade.
Think about it, better beer, lower drinking age, etc.
Unfortunatly we have been unable to get the Canadian Geese to carry any significant payloads when they fly south.
You're right that the long term point isn't about whether oil is going to run out, but it's also not about how high the price goes.
In the long term, the point is about how much easily accessable oil we leave for our descendants to use. I mean the descendants that will need to bootstrap themselves after the next ice age or big asteroid impact. Because we're going to do squat to prepare for the first one; it's only after it happens (and it will) that our descendants will realise that we'd better get the hell off the planet while we still can.
Let's leave them some easily accessible resources, huh? This isn't some hypothetical piece of science fiction. We either care enough to plan for it, or we don't. What's it to be?
If you were blocking sigs, you wouldn't have to read this.
We kiss Saudi tush because they are the only major oil "swing producer". A swing producer is someone who has a large amount of excess capacity who can influence world oil supply (and thus prices) significantly by turning on their pumps. Within weeks, if they want, the Saudis can start pumping a lot more oil and thus they can cause the spot price of oil to drop a lot. (They did this for six months right after 9/11 by the way, which had the nice effect of mitigating its' impact on our economy. Give em some credit.)
The Saudis could also swing the other way easily, reducing their oil exports and thus causing oil prices to go up (since nobody else has much spare capacity to make up for the lack of supply). However the Saudi's ability drive up prices this way has constricted somewhat since the 1970s due to a number of factors: 1) the Saudi's domestic welfare program has greatly expanded and still requires oil revenues to keep their citizens happy, 2) Saudi Arabia is now a net debtor nation so net revenue shortfalls require borrowing and creditors, 3) the number of oil substitutes at a given price has risen, 4) long term price rises drive conservation response which reduces long-term demand, not in the Saudi interest 5) the US has a Strategic Petroleum reserve at its disposal that was not present in 1973.
As for ignoring friends to the north, I'm not sure we do. (If we did, I'd agree it'd be a stupid mistake.) The northern Alberta oil sands are great, and I think they are novel enough to have not really entered the generic political dialogue. Since I've had people in the oil industry mention them to me since 9/11, I'm sure the oil crowd in power in Washington knows about them. I suspect we just don't advertise it, unless we're in private talks and want to wield a big stick.
The other problems with the oil sands are, as you noted, that it only supplies 2% of our oil and it can't expand production rapidly (without throwing vast sums of money at it, as one might do in a world war.) And while the reserves are apparently huge, they can't all be extracted at that $7 price you mention. It'll get more economical as chemists and others learn how to extract the tar and refine it more efficiently, no doubt. But that takes time. And the Saudis can turn the spigots on or off at their whim, and nobody else has lots of spare capcity they can bring online rapidly at that lower price.
Except perhaps the Russians, as they start exporting more and building more facilities. This came to light a little bit more when certain middle-eastern countries started talking about using the 'oil weapon' against the US a month or two back. Iraq cut its shipments for a month, and I believe Russia boosted theirs. Which is clearly the implied threat we've been delivering to the Saudis since 9/11. Don't screw us or we'll turn to the Russians (and ensure that they have enough pipelines?) to make them the second major swing producer.
All of which is sort of ironic since we used the Saudis to squeeze the Russian economy to collapse back during the Gorbachev era (search Amazon or another equivalent for the book "Victory!" for the full story on that one.)
Verify what I say; I'm not an expert, but I have definitely been reading up on all this and thinking about it more since 9/11.
--LP
You're right. I honestly don't think we'll run out of oil in my lifetime. Therefore, I shouldn't do anything about it. Apres moi, le deluge.
Never take moderation advice from sigs, including this one.