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Comprehensive Projection of World Oil Exports

Prof. Goose writes, "This article is a comprehensive assessment of world oil exports, defined has the total amount of liquid hydrocarbons that are surpluses in producing countries. This assessment is made by projecting into the future fixed change rates that reflect current trends in liquids production and consumption in all countries where presently the difference between the two factors is positive. The outcome of this assessment is rather worrisome." Here is the money graph through 2020.

490 comments

  1. There's plenty of Oil and the Economy is just fine by popo · · Score: 5, Funny


    Until after the elections, that is.

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  2. Worrisome? by susano_otter · · Score: 4, Insightful

    The only worrisome thing I see about this projection is that it's based on extending current trends into the future.

    Probably because it's easier than predicting how technological innovation and the ebb and flow of the global economy will totally change the entire equation long before these simplistic predictions ever come due.

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    Any sufficiently well-organized community is indistinguishable from Government.

    1. Re:Worrisome? by eln · · Score: 2, Insightful

      Sure, but the ebb and flow of the global economy may end up making these predictions optimistic, and technological innovation may not be able to solve everything in time. Technology has done amazing things in the past, but there's no guarantee it's going to save us every time we get ourselves into a jam.

      Or maybe technology will get us out of this, but by taking us in a different direction for our energy needs, something other than oil.

    2. Re:Worrisome? by Ignignot · · Score: 4, Informative

      It is actually even worse than that. It uses the data from BP and the ASPO:

      This assessment uses as data sources the Statistical Review of World Energy, published yearly by BP, and the monthly newsletter published by ASPO, where assessments for future oil production are available for more than 40 individual countries.

      Now, why would a site that seems to be focused on a scarce energy outlook use these two sources? Probably because BP and the ASPO both have huge energy holdings. Their reports will show that energy is going to be more valuable in the future. The only way for it to be more valuable is if it is scarcer.

      The real question is, why didn't they use data from the IEA or EIA? (I know, very similar letters)

      The EIA suggests cheaper energy prices long term and a probable energy glut short term because we've had unreasonably high oil prices (high prices means that you drill for more oil... but our consumption has been basically flat = too much oil!) and the IEA is more moderate.

      Not saying that this slam dunk bullshit but you have to question the source.

      I know everyone loves the "running out of oil" story, but if that were true then why is oil barely above $60 when we have 2 huge suppliers threatening to cut back production, and North Korean bomb tests? If we were really running out of oil and some people threatened to cut us off plus some negative diplomatic news, we would be over 100 easily.

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      I submitted this story last night, and it didn't get posted.
    3. Re:Worrisome? by jazman_777 · · Score: 1
      The only worrisome thing I see about this projection is that it's based on extending current trends into the future.


      Of course. No one is going to project the sudden discovery of oil-peeing unicorns.

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    4. Re:Worrisome? by Anonymous Coward · · Score: 0

      Long before the predictions come due? Maybe if we were looking at a projection out to 2120. This is 14 years from now.

    5. Re:Worrisome? by susano_otter · · Score: 1

      Exactly.

      See how much harder it is, to make realistic predictions about the future, instead of just assuming current trends will continue indefinitely?

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      Any sufficiently well-organized community is indistinguishable from Government.

    6. Re:Worrisome? by EastCoastSurfer · · Score: 2, Insightful

      The real question is, why didn't they use data from the IEA [iea.org] or EIA [doe.gov]? (I know, very similar letters)

      The EIA suggests cheaper energy prices long term and a probable energy glut short term because we've had unreasonably high oil prices (high prices means that you drill for more oil... but our consumption has been basically flat = too much oil!) and the IEA is more moderate.


      I agree. The other thing that high oil prices do is make innovation look more financially attractive. Oil exporting countries don't actually want oil prices too high. They know that long term that will force people to find other energy methods and lower oil consumption. I'm actually surprised they let it get as high as they did over the summer, but I guess there is only so much you can do against speculation.

      I can't find it now, but I read an article a couple months ago that interviewed a bunch of oil execs who all said the same thing. They expect prices to plummet as the speculators leave the market so they were being very cautious about what to do with their recent profits.

    7. Re:Worrisome? by susano_otter · · Score: 1

      Why not? There's just as much scientific basis for predicting "oil-peeing unicorns" as there is for predicting "not oil-peeing unicorns".

      But my complaint is more along the lines of contrasting

      "If current trends continue, the situation will become dire"

      with

      "It's likely that current trends won't continue, which makes predicting the future situation very difficult, but history tells us the chances are, if it does get dire, it'll be because of something catastrophic and unpredictable, not something as simplistic as 'current trends continue'".

      --

      Any sufficiently well-organized community is indistinguishable from Government.

    8. Re:Worrisome? by Qzukk · · Score: 5, Insightful

      I know everyone loves the "running out of oil" story, but if that were true then why is oil barely above $60 when we have 2 huge suppliers threatening to cut back production, and North Korean bomb tests? If we were really running out of oil and some people threatened to cut us off plus some negative diplomatic news, we would be over 100 easily.

      Because we're not running out of oil, yet. Besides, North Korea doesn't have oil, and probably couldn't nuke any of the serious oil exporters from there. Oil prices are not psychic, they have nothing to do with the future beyond what people perceive the future to be, and apparently they're perceiving the future the same way the EIA does.

      Perhaps you're right, perhaps the authors are biased. It could be that the numbers they used are biased, intentionally or unintentionally. Controlling that perception is what controls the prices, so the participants certainly have a good stake in this. (I wonder what the US government's bias on oil prices would be...)

      Still, if I had a penny for every person who thinks that we'll just "find more oil" when what we have now runs out, I'd have enough money to buy a metal detector powerful enough to find the pirate treasure buried in my front yard. Because it's gotta be there, I just need a bigger, better, and more expensive detector to find it.

      --
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    9. Re:Worrisome? by jazman_777 · · Score: 1
      I do like what Julian Simon (?) did years ago, when presented with a dire list of the depletion of all sorts of resources. He bet the man that all of them--all--would be cheaper, meaning more plentiful. He won that bet.


      There is a trend in some circles in the US to cozy up to Apocalyptic End-Time scenarios.

      --
      Slashdot: Failed Car Analogies. Amateur Lawyering. Anecdote Battles.
    10. Re:Worrisome? by Ignignot · · Score: 1

      And if I had a penny for each "running out of x" fad, I'd have enough money to buy a front yard :-(

      --
      I submitted this story last night, and it didn't get posted.
    11. Re:Worrisome? by OwnedByTwoCats · · Score: 1

      Hubbert predicted when U.S. Oil production would peak. He looked 15 or so years into the future, and reality has accorded to his vision. Technological innovation and the ebb and flow of the global economy did not "totally change the entire equation" at all.

      More recent geologists have done the same thing for oil on a global basis. Their predictions are that peak oil is now. Technological innovation and the ebb and flow of the global economy are unlikely to "totally change the entire equation". Oil will become much more expensive, and fairly quickly. The economy will react to expensive oil by discouraging its use, and increasing the incentives to produce alternatives. Farmers may realize that it just isn't economical to use as much fertilizer and pesticides as they do today. Seed drills instead of plows for planting.

      If I had any spare money, I'd bet it on another Recession in the US before Shrub leaves office. And $100/bbl oil by election day (first Tuesday after the first Monday in November, i.e. week of Nov 2-8), 2008.

    12. Re:Worrisome? by lawpoop · · Score: 3, Interesting

      "I'm actually surprised they let it get as high as they did over the summer, but I guess there is only so much you can do against speculation."

      Getting away from a petroleum economy is a process that will take years, not a few weeks. In order to use non-petroleum fuels, you need 1) production, 2) delivery infrastructure and 3) consumption structure (i.e. ethanol cars, hydrogen home water-heaters).

      Because each of those three factors depend on the other two factors in order to be profitable, this change will only come about as a slow spiral of support, starting out small and slowly growing.

      We are still totally dependent on petroleum. The petro companies will continue to make money on short-term volatility. We will only start to change to a non-petroleum economy when the general public percieves that it is *certain* that petroluem will only get more scarce in the future. Then, they might consider buying a flex fuel vehicle next year, provided they have seen enough E85 pumps at the gas station on their way hom from work.

      --
      Computers are useless. They can only give you answers.
      -- Pablo Picasso
    13. Re:Worrisome? by IamTheRealMike · · Score: 1

      The main problem I see with this is that historically improvements in oil technologies have affected the rate of extraction but not the amount we can extract in a specific field. Particular fields may become workable as technologies improve but these haven't led to any particularly large new fields that I remember. The big wins have been things like water/gas injection.

    14. Re:Worrisome? by packeteer · · Score: 1

      Your arguement is a fallacy of logic. Just becuase the end isn't here doesn't mean we will never see the end. I agree with you that we need to stop predicting the end around every corner (most people do this to benefit their own career or sell books) but we cant stick our heads in the sand and refuse to believe any evidence just becuase not all of it has come true.

      --
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    15. Re:Worrisome? by IamTheRealMike · · Score: 1
      I know everyone loves the "running out of oil" story, but if that were true then why is oil barely above $60 when we have 2 huge suppliers threatening to cut back production, and North Korean bomb tests?

      What should it be, in your opinion? A few years ago oil was selling for $20/barrel. The prices are extremely volatile right now, which is what you'd expect when supply/demand are right.

    16. Re:Worrisome? by jazman_777 · · Score: 1

      I don't think I was arguing that there will never be an end. Not sure what we can do about the oil thing except let the pricing mechanism do the work for us. If oil gets ridiculously expensive, we'll just _have_ to change.

      --
      Slashdot: Failed Car Analogies. Amateur Lawyering. Anecdote Battles.
    17. Re:Worrisome? by cca93014 · · Score: 1

      "Barely above 60 dollars"! 10 years ago 60 bucks a barrel would have been a monumental amount to pay. How quickly people forget...Historically 60 bucks a barrel is VERY VERY expensive.

    18. Re:Worrisome? by ehynes · · Score: 1

      The Association for the Study of Peak Oil & Gas (ASPO) has huge energy holdings? Care to provide a source for that?

    19. Re:Worrisome? by dbIII · · Score: 1
      Now, why would a site that seems to be focused on a scarce energy outlook use these two sources? Probably because BP

      Probably because BP are actually looking for the stuff so they may have some ideas about untapped but known reserves.

    20. Re:Worrisome? by packeteer · · Score: 1

      That's easy to say but when sudden change may mean a collapse of our economy its something we should try and prevent.

      --
      unzip; strip; touch; finger; mount; fsck; more; yes; unmount; sleep
    21. Re:Worrisome? by Ignignot · · Score: 1

      I assume you meant "... what you'd expect when supply/demand are tight."

      The thing is, oil inventories (the oil stored) is very very high right now. I think that $60 is fine for current price and it should decline over time assuming no change in the international situation. Of course that is a huge assumption, and there is an incentive for oil producing countries to continue to create uncertainty because it gets them more money. Also, there could be some suprises. Saudi Arabia's oil doesn't look as good as it used to. A sudden irrational euphoria could be just as disruptive to oil prices if, for example, everything magically works out in Iraq and North Korea and so on, we could end up with an unsustainable economic boom.

      But currently, energy stocks are so high across the board that if we don't get a major supply disruption or big demand increase, the prices are going to have to head south. At least that's what I think. I'm not an expert on crude oil or refined products. (but I do know natural gas very ver well and have quite a bit of secondhand knowledge of those markets.)

      --
      I submitted this story last night, and it didn't get posted.
    22. Re:Worrisome? by aevans · · Score: 1

      That's ridiculous. Rate of extraction hasn't increased so much, but the amount extracted from a specific field has been enormously expanded. Water/Methane pumping, better well casing, explosions, harder bits, deeper drilling, and tons of other things have increased the yields of specific fields exponentially. Lots of abandoned oil fields are re-opened as technology becomes available to better extract them.

    23. Re:Worrisome? by aevans · · Score: 1

      Oil exporting countries are only making money in the margins on the current market rate of crude oiol. Most of their exports are tied up in long term contracts with the major oil companies -- BP, Exxon, Texaco, Shell, Total, etc., at $25/barrel or less. The NYMEX price of oil is the "spot market" price. Think of the California electricity shortages of a year ago. If you had a contract, you were still paying 5 cents per kilowatt hour (unless your public utility decided to sell the power you were paying them to produce with local tax dollars to California utilities at 35 cents/kwh -- then yours would go up to from 8 to 11 cents.) That's right. The Chevron that was charging you 6 times as much for gas (the end price may have only tripled, but half of the original price was tax) even though it didn't cost them a penny more for crude. And they were making more profit because they had strong-armed most of the independent franchise gas stations and refineries out of business or bought them out. So even if you had a gas station and a refinery to compete with them, you would have to pay $60 per barrel (probably to the big three: Exxon/Mobil, BP/Amoco/Unocal/Conoco/Philips, Chevron/Texaco/Royal Dutch/Shell) for crude while they were paying $20 per barrel. Hence, you could not compete with them because of their monopoly (actually small oligarchy) powers.

  3. I'm not worried. by vancondo · · Score: 2, Funny

    I'm not worried about these projections, I create my own oil by living off a strict diet of pizza and cheetos. Sometimes the squeezing is a bit labor intensive, but as soon as I figure out how to make gasoline out of my oily skin I'm on the road to riches!

    http://vancouvercondo.info

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    -
    1. Re:I'm not worried. by Surt · · Score: 1

      Where exactly did you think the oil to make your pizza and cheetos came from? ;-)

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    2. Re:I'm not worried. by Procrastin8er · · Score: 0

      I already have a patent for this pizza/cheetos oil extraction process, you'll be hearing from my attorney. And don't even think about trying it with CheezWhiz, I have that one also.

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      Slashdot - Where the slash is most definitely to the left.
  4. Cached Link of Graph by Anonymous Coward · · Score: 0

    If the "money graph" loads slowly, I had better luck with the Coral Cached version:

    http://picodopetroleo.net.nyud.net:8080/temp/expor ters/ExportsAll.png

  5. Brutal Graph by MLopat · · Score: 4, Insightful

    The makers of that "money graph" don't seem to know how to do any extrapolation. Canada shows a decline in exports for the next 15 years which is absurd. As the Alberta Tar Sands become more and more viable Canada's exports will increase substantially. Shell is already heavily invested out there and so are numerous other oil companies. If anyone is interested they can check some of the statistics.

    1. Re:Brutal Graph by Red+Flayer · · Score: 2, Interesting
      As the Alberta Tar Sands become more and more viable Canada's exports will increase substantially.
      Not necessarily. You assume that extraction from the oil sands is a near-instantaneous process (it's not), you assume that upscaling production from these reserves is near-instantaneous (it's not, think about the infrastructure required)), you assume that Canada and Canadian firms will choose to export more (when these massive reserves could serve them better if they hold off on exploiting them).

      I'm not saying that the Alberta fields won't become extremely important in the long run -- but we've a long way to go before they produce anything close to the current oil production from traditional sources.
      --
      "Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
    2. Re:Brutal Graph by tOaOMiB · · Score: 1

      Actually, the article mentions that Canada will have increased LNG at least through 2020, at a rate of 2% per year. However, Canada is also expected to have increased consumption throughout that time period at a slightly higher rate, resulting in a net decrease in exports.

      But I guess you just looked at the money graph, and didn't bother to RTFA, eh?

    3. Re:Brutal Graph by Don+Negro · · Score: 1

      The problem is that the Alberta oilsands production is getting more and more expensive due to rising natural gas and equipment prices. Shell in particular, is having problems. But regardless, oil sands production will never equal the kind of flow rates that Canada's conventional oil has enjoyed. They might be good for as many as a million barrels a day in 20 years or so, assuming they can get enough natural gas, but that's no where near Canada's conventional production.

      --

      Don Negro
      Perl 6 will give you the big knob. -- Larry Wall

    4. Re:Brutal Graph by 14CharUsername · · Score: 1

      The problem with the oil sands is that its more expensive to refine, much dirtier to refine and produces more CO2 gas. I'd rather not see Canada turn into a toxic wasteland and increase CO2 emissions so that Americans can keep driving their SUVs.

    5. Re:Brutal Graph by sane? · · Score: 1
      Last thing I saw was it might be able to get from 1mb to 3mb by 2015 - if they can deal with the issues over getting enough gas and water.

      Not enough to make much difference on the broad scale, although the Canadians might be helped a little.

    6. Re:Brutal Graph by MLopat · · Score: 1

      The article's prediction of 2% seems to be "off" considering all the other forecasts that I've read. In Canada, we also have a policy of only using a small portion of our own home produced oil and still are required to buy from external sources like the US and Saudi. So exports should show as a projected increase greater than 2%, but time will tell.

    7. Re:Brutal Graph by Rei · · Score: 4, Informative

      My father is a pres. of Shell USA and a VP of Shell Intl. Early last year, I was talking to him, and he mentioned that they were working on 4xing their tar sands production. It's becoming very profitable. It was a gamble when they started putting money into it, but it's looking to be a good investment.

      --
      Pinkypants -- my favorite!
    8. Re:Brutal Graph by truthsearch · · Score: 1

      Right, it's only Americans who waste oil. It's not like Canada's or China's oil consumption is increasing.

    9. Re:Brutal Graph by Anonymous Coward · · Score: 0

      More along the lines of the rapidly rising costs of labour. The cost of labour makes projects that were 4-5bln now 9-12bn.. and that is only in a period of 5 years. Also there is much debate on the water usage. I believe the figure was 10:1 but is now down to nearly 4:1. Thats for every gallon of oil, 4 gallons of water are used.

      They are also developing less destructive forms of mining. One method being deployed in smaller operations is steam extraction. They have a hole in the ground and force steam to melt the oil. There will be few open pit mines like sycrude or suncore.

      They project oilsands production to be roughly 2.3mln barrels/day by 2010. Current production is in the 7-800mln barrels/day range.

    10. Re:Brutal Graph by Red+Flayer · · Score: 1
      I'm not saying that the Alberta fields won't become extremely important in the long run -- but we've a long way to go before they produce anything close to the current oil production from traditional sources.
      OK, apparently I'm a complete moron. A little more research shows that the oil production from these oilsands is already over half of Alberta's oil production, and is expected to be a very significant portion of North American oil production by 2012. More info here.
      --
      "Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
    11. Re:Brutal Graph by Anonymous Coward · · Score: 0

      If you read the article: Tar Sands are included in the estimate. The tar sands would not come fully online for another decade (1Mb/d up to 2.6Mb/d)

      At this point any new discoveries have to offset older fields that are slowing in production. Also the cost of getting the oil out of the ground is becoming more expensive. Instead of a cost of 1 barrel consumed for every 10 pumped, it has dropped to around 1 barrel consumed for every 4-5 pumped.

    12. Re:Brutal Graph by Rude+Turnip · · Score: 1

      "I was talking to him, and he mentioned that they were working on 4xing their tar sands production. It's becoming very profitable."

      Well, if that *was* insider information, it isn't now :)

    13. Re:Brutal Graph by Anonymous Coward · · Score: 0

      You ever ask him if he feels guilty about global warming?

    14. Re:Brutal Graph by Anonymous Coward · · Score: 0

      As the Alberta Tar Sands become more and more viable Canada's exports will increase substantially.
      Yes, relative to a low base.
      Shell is already heavily invested out there and so are numerous other oil companies.
      They're heavily invested because it takes such a huge investment -- oil sands set some kind of record for inefficient extraction at terrible environmental cost. Two barrels of energy must be consumed to produce one for shipment. And the groundwater situation for many miles around is compromised by the extraction process. Let's not bet on this one as a substitute for conservation.

    15. Re:Brutal Graph by Rei · · Score: 1

      If I thought that it was, I wouldn't have said it. ;)

      --
      Pinkypants -- my favorite!
    16. Re:Brutal Graph by Rei · · Score: 2, Interesting

      Last I checked, Shell and BP were the two biggest investors in solar in the world. They both have money in wind as well. They're both members the CO2 capture project. What more do you want them to do -- stop producing oil? Make new tech appear by magic?

      Take your complaints about the environment to Exxon-Mobil. There's a company to go after. They're still funding astroturf campaigns denying that global warming is real. Of course, at the same time, a high ranking member of NCAR tells me, their people privately acknowledge it when meeting with NCAR. Exxon-Mobil is also the company that was involved in the Aceh torture coverup, among numerous other things. I'm actually proud of Shell's record. It's not perfect (for example, Nigeria, and to a lesser degree, Sakhalin), but they're pretty good as far as oil companies go. They're even progressive domestically, such as offering domestic partner benefits.

      --
      Pinkypants -- my favorite!
    17. Re:Brutal Graph by Rei · · Score: 1

      Do a bit better research next time before you bandy about accusations.

      --
      Pinkypants -- my favorite!
    18. Re:Brutal Graph by geekoid · · Score: 1

      it's nice to know that the oil companies astroturf /.

      --
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    19. Re:Brutal Graph by Rei · · Score: 1

      Wow. So today, I'm not only a "libertarian" (apparently the kind of libertarian who supports universal healthcare, heavy government regulation of industry, highly bracketted taxation, free college education -- heck, even government sponsorship of the arts), but I'm apparently also an "oil company" simply because my father works for one and I'm relating what I've heard from him.

      Bring out the tar and feathers, why don't you.

      --
      Pinkypants -- my favorite!
    20. Re:Brutal Graph by Chuu · · Score: 1

      I would do better research if you would provide complete information.

      Robert Piece is not president of Shell USA as you claimed, he is president of Shell Trading, which appears to be a division of Shell USA. Shell USA's president is John Hofmeister according to their site, not your father. Robert Pierce isn't listed as a "senior leader" on their investor relation page.

      As for Shell Intl., Robert Piece doesn't appear to be on their board of directors according to their investor relation site. If I am wrong, please provide a link.

    21. Re:Brutal Graph by Rei · · Score: 2, Informative

      Pease, not Piece. I never said anything about the board of directors, so I'm not sure why you're looking at them. I stated that he was *A* president of Shell USA, and *A* VP of Shell intl. Shell Trading is a shell subsidary that does their -- wait for it -- trading. ;) It's a member of the Shell Group of Companies that is "a business organisation integrating Shell's world-wide trading activities and possessing an unsurpassed global portfolio in crude oil, refined products, natural gas, electrical power and chemicals" As usual, there's somewhat of a tangle of companies; in recent years, he's also held executive positions in Motiva and Equilon, two more Shell subsidiaries that are (from my limited information on the subject) less closely tied with the parent than his current position.

      Why did you come here anyways? To argue semantics over oil executive job titles?

      --
      Pinkypants -- my favorite!
    22. Re:Brutal Graph by DittoBox · · Score: 1

      Dude!!! We're soooo dead! Dad is gunna kill us!

      Whatever that crap is that's stuffed into your bong, I'd kill for some right now. ;)

      --
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    23. Re:Brutal Graph by drxray · · Score: 1

      Well, my Dad owns a dealership.

      Did William Holden come to the party?

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    24. Re:Brutal Graph by Anonymous Coward · · Score: 0
      My father is a pres. of Shell USA and a VP of Shell Intl. Early last year, I was talking to him, and he mentioned that they were working on 4xing their tar sands production. It's becoming very profitable. It was a gamble when they started putting money into it, but it's looking to be a good investment.
      I'm sure your father appreciates his idiot son making public statements about Shell's plans. I'm sure he appreciates his brain-dead offspring disclosing conversations that give the appearance of impropriety. You'll soon find out how long it takes for a strongly-worded investor complaint about your idiotic comment to reach up to the VP level at Shell. Have a nice day, moron.
    25. Re:Brutal Graph by gbell · · Score: 1

      Its important to note that the extracting oil from sand is a difficult, slow process. There may be a lot there, we may be doing a lot to get it out (and causing horrible damage in the meantime), but the production rates are only expected to be in the few million barrel per day range by 2030, compared to Saudi Arabia's 9 million bpd.

    26. Re:Brutal Graph by macsimcon · · Score: 1

      I seem to remember reading an article in the past few months that the oil sands in Canada were ending up costing Shell twice what they thought it would cost to extract and refine due to some unexpected problems. If that is true, how can the oil sands end up being "very profitable?" Shouldn't they be less profitable?

    27. Re:Brutal Graph by Rei · · Score: 1

      Heck, I can just refer you to Wikipedia for this:

      "The Canadian oil sands have been in commercial production since the original Great Canadian Oil Sands (now Suncor) mine began operation in 1967. A second mine, operated by the Syncrude consortium, began operation in 1978 and is the biggest mine of any type in the world. The third mine in the Athabasca Oil Sands, the Albian Sands consortium of Shell Canada, Chevron Corporation and Western Oil Sands Inc. began operation in 2003. UTS Energy Corporation is also developing its Fort Hills Project, in conjuction with Petro Canada and Teck Cominco. The Canadian Natural Resources (CNRL) Horizon Project is currently under development. However, with the development of new in-situ production techniques such as steam assisted gravity drainage and the Oil price increases of 2004-2006, there are now several dozen companies planning nearly 100 oil sands mines and in-situ projects in Canada, totaling nearly $100 billion in capital investment. With crude oil prices at around $30 a barrel (or more) all of these projects are profitable."

      --
      Pinkypants -- my favorite!
    28. Re:Brutal Graph by macsimcon · · Score: 1

      OK, I see that they're profitable over $30 per barrel, but I was wondering specifically about Shell's costs. I had read that with costs twice as high as they anticipated, Shell was wondering if the oil sands would be profitable. I don't see any reference to this news in your post.

  6. the peak is right NOW by Anonymous Coward · · Score: 0

    Given any graph of past oil production and future oil production predictions, one can always tell when it was produced.

    The peak is always right NOW, and we are always about to enter a long term decline.

    If all you chicken-little sky-is-falling types believe that graph (again), why aren't you fully vested in oil futures ?

  7. Question by joggle · · Score: 5, Insightful

    Would people vote for a presidential candidate if he said something to the effect "I promise to increase taxes for the sole purpose of implementing whatever technology is prudent to quickly wean ourselves from foreign oil." My guess is no so we will just have to wait until the price of oil goes through the roof, crippling the economy before anything significant happens.

    1. Re:Question by Hijacked+Public · · Score: 1

      People probably would, despite the fact that the Executive branch of the US government does not set tax law. Now if the chair of the Ways and Means committee said it it might mean something.

      --
      "Sacrifice for the good of The State" - The State
    2. Re:Question by Red+Flayer · · Score: 3, Insightful

      How about: "I promise to redirect tax revenue to the purpose of implementing whatever technology is prudent to quickly wean ourselves from foreign oil."

      That's not so unpalatable, is it?

      The problem is that foreign oil dependency is an abstract that most voters care very, very little about. Instead, we're focused on who gets a blowjob or who IMs a 16-year-old or who is a coward or who took a bribe for political activity.

      I'm not saying that these are irrelevant issues, but issues like them garner 99% of public attention, leaving precious little room for non-immediate concerns.

      --
      "Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
    3. Re:Question by Anonymous Coward · · Score: 1, Interesting

      Heh, Kerry did that and was chastized for it, Hell even Dick Cheney supported taxes on IMPORTED oil emphasis mine. But SUV drivers tend not to think all that far ahead or else they wouldn't have bought an SUV, so good luck getting a tax passed....

    4. Re:Question by sfeinstein · · Score: 1

      I think your guess is wrong actually. I know that, political affiliation or party be damned, I'd vote in a heartbeat for a candidate that made such a statement. If someone honestly committed, in simple language and with the seeming conviction to follow through, to putting us through some immediate pain to get us off foreign oil, I'd vote for them IN A HEARTBEAT.

      Can you imagine getting a candidate with that much backbone? Something like JFK and making it to the moon by '69, but related to oil? We just don't get politicians like that anymore.

      --
      "Whether or not you believe me, I'm right" -RWF
    5. Re:Question by CaffeineAddict2001 · · Score: 2, Insightful

      Or how about "Ask not what your country can do for you but what you can do for your country." Like, toughing it out while we stop using foreign oil cold turkey.

      Why is it that you can get 400,000 people to give their lives for their country, but god forbid you ask them to use less energy.

    6. Re:Question by Anonymous Coward · · Score: 0

      "I promise, that before this decade is out, we will send your Mom to the grocery store and return her safely, using no foreign oil". It's not quite as exciting as a trip to the Moon, but pitched properly, it could spur just as much innovation. It's a myth that "environmental==bad for business". I wonder what kind of "spin-off technologies" such an effort would produce.

    7. Re:Question by joggle · · Score: 1

      Believe me, this is one case where I wish I was wrong. I remember when Clinton first got elected with a pledge to reform healthcare and seemed to have the political will to get it through. Then the details got in the way and before you knew it the bill died. I'm afraid a similarly expensive project would meet a similar fate. Democrats may end up being against it because they wouldn't like the companies that ultimately get the government financing (companies like Shell most likely) while Republicans would be against it because they will say it won't work, is inefficient for the government to do due to inherent bureaucratic costs and are (usually) against large federal expenses. In addition, large pork-barrel projects will probably be tacked on to the bill during the way giving everyone reasons to vote against it since it wouldn't be viewed as a must-pass bill. A Republican president might be able to get such a bill through congress but I doubt a Democrat could regardless of how much he/she would like to. To be clear I'm not talking about a small, ineffectual bill but a genuine attempt at quickly and significantly reducing oil consumption by the US which would be a monumental feat.

    8. Re:Question by WindBourne · · Score: 1

      It works for all the oil exporting countries such as Venezuela. Only they are being elected based on saying that they will earn more money for their country. Worse, they appear to be correct. As it is, the oil companies are dropping their prices but will shortly raise them. I am betting that it starts in about a months time.

      --
      I prefer the "u" in honour as it seems to be missing these days.
    9. Re:Question by zxnos · · Score: 1
      your question implies that the federal government could develop and implement such a technology.

      the other interesting thing about it is that bush has at least made comments to similar affect (divert money to alternative energy, requirements on energy producers to incorporate such technology) in speeches. but this tends to get ignored by the media and poo-pooed by his opposition. then when something does happen it isnt enough. forget the realities of developing / incorporating / switching.

      back to my main point: ever notice how long social security/medicare/health insurance etc. have been broken? everything is becoming a wedge issue.

      --
      always mosh clockwise
    10. Re:Question by RexRhino · · Score: 1

      Because, if politicians told the truth, the promise would be this:

      "I promise to increase taxes, for the sole purpose of hiring companies that make big campaign donations to my party, while at the same time making sure the research facilities are in states with a lot of electorial votes but shakey support for my party in order to win their votes. I promise that this project will spread as much money as possible, to as many people as possible that can get me elected. I promise that, after 4 years, and we have no results because we wasted all the money greasing the hands of our supporters, that I will vaugly imply that the lack of results is caused by the oil companies (without actually making any real accusation out in the open)... and I will demand even more taxes promising that results are "just around the corner", and that "we are throwing away our investment if we stop now". I will then tell people this project will be a success the same way the Manahattan Project was a success, totally ignorant of the irony that the "successful" Manhattan Project resulted in half a million people being killed."

      Oh, and about price of oil going through the roof, it is 5 or 6 times more expensive in Europe and it hasn't crippled their economy yet. I think maybe it might cripple people's love for big gas-guzzling SUVs, if that isn't already happening already.

    11. Re:Question by Gazzonyx · · Score: 1

      My good man, are you tring to tell me this hasn't happened yet? This is great news! I mean, I have been waiting for an opportunity to fill up my moped.

      --

      If I mod you up, it doesn't necessarily mean I agree with what you've said, sorry.

    12. Re:Question by inKubus · · Score: 1

      Who's going to ask us to do that? The president? HE OWNS AN OIL COMPANY. HIS FATHER STARTED PENNZOIL. Duh. People get rich of it. It's the same reason smoking isn't illegal. It's the same reason McDonald's isn't illegal. Anyway, it's a guilty pleasure. Granted there are a lot of people who are just retards about it, but for some of us it's pretty fun to ride in an old V8 muscle car getting 5mpg. However, to do that everyday 100 miles is stupid.

      Rather than replace the fuel we currently use with an alternative, we need to analyze what we are using all this fuel for! Is 10% of it spent idling in traffic? Turn off your car in traffic somehow, save 10%. Are you commuting 40 miles or more into the city because you "don't like" the city? Move closer to the city, damn the torpedos. See, everything is about comfort in this country, and probably 20-30% of our fuel usage is either wasted or used in a stupid manner because of someone's feelings of comfort, not for any practical purpose. Maybe if we start raising our kids to not waste shit and not value a giant car or a country home as much we might be alright.

      But alas, we're Americans and we'll be DAMNED if anyone's going to take away anything we have that makes our life more comfortable. I have to say, I agree. I don't want to give anything up unless I'm forced to. If there is less oil being exported, prices will go up and people will try to save money. That's the ONLY thing that works in America. This is a free market, fuck social responsibility, fuck the 3rd world who'll never get a chance to drive 6000 pound all leather cow interior with 18" woofer and solid gold rims. When the oil's gone, we'll be ok in America. Those third world people will just die massively because we can no longer feed their asses and everyone will be better off worldwide. I mean, isn't that the attitude? We'll be fine, fuck everyone else?

      --
      Cool! Amazing Toys.
    13. Re:Question by Scareduck · · Score: 1

      How about, "I promise to redirect some tax revenue to the stated purpose of implementing whatever technology is prudent to quickly wean ourselves from foreign oil while actually siphoning most of it away for other purposes." This is how things work in Washington. If you don't believe me, ask why Social Security payments count towards the general budget. This is why a carbon tax won't work, as well. It puts the government in the position of being reliant on an eroding tax base (if you're lucky and things work the way they're supposed to) -- not unlike funding health care by taxing cigarettes.

      --

      Dog is my co-pilot.

    14. Re:Question by iaminthetrunk · · Score: 1

      I think you got that quote wrong. (Shame on you for not being familiar with American history. O for shame!) The correct version is:

      "Ask not what the empire can do for you, ask what you can do for the empire."


      Why is it that you can get 400,000 people to give their lives for their country, but god forbid you ask them to use less energy.

      By the way, to answer your semi-rhetorical question, while you can get several respectable thousands of people to die for patriotism and honor, you can get 400,000 people to give their lives for their country because they're poor. The poor have disportionately died in the wars of the American privleged classes for as far back as our history goes, from our founding days through the various Civil and Spanish-American wars, up to the World Wars and the War on Terror. Detroit recruits a hell of a lot better than Princeton. Note that whether you consider that a positive or negative item as far as 2006 politics and historical realpolitik efficacy goes, as a neutral fact of American history it's eminently researchable and well-documented, if not often candidly discussed in polite privleged classes company. Howard Zinn's People's history of the United States is a convenient text for a general overview of various pertinent gems of the historical data, and a classic recommendation in that area, if you have a non-rhetorical interest.

      People generalized to the basic character structure of modern human nature aren't going to resist french fries and cheaply priced cheese, much less abstractions about using too much energy. Hence asking people to use less energy is never going to work in the aggregate. They'll stop when their behavoir is sufficiently incentivized to produce that response, period, preferrably by innovations appealing unmistakably to their economic interest, rather than catastrophic disaster appealing unmistakably to their survival interests. Electric meters rolling backwards for people with solar panals installed has that tangible and economic combo effect; that's why it's a hit. Ideology needs that to find traction and evangelicize well, or it fails to influence most people.

      Thousands of people are suffering and dying vainly and unjustly at every moment, and this does not affect us; it's full reality is shrouded, our minds dealing with localized range and a limited span of people. Hence to the latter half of your semi-rhetorical question...God has forbid we ask them to use less energy - they need to see it in tangible terms in daily living, not as a abstract argument. The wise can be good but the many cannot be wise, they must have their french fries and unmistakable incentives.

      --
      "The hottest places in Hell are reserved for those who, in times of moral crisis, preserved their neutrality." -Dante
    15. Re:Question by dbIII · · Score: 1
      who IMs a 16-year-old

      The big problem with the trust of leaders is that abbreviation can also be read as Insert Meat.

    16. Re:Question by CaffeineAddict2001 · · Score: 1

      They arn't fought by the poor. The average income background is around 33K for enlisted personnel. That's the middle class.

      "A People's History of the United States" is certainly convenient. After all, the great Matt Damon recommends it in his equally convenient movie "Good Will Hunting". Isn't it funny how marxist texts are so popular among the "polite privleged classes" like movie stars, college students and professors?

      As far as historical data goes it is worthless. It has so many factual errors and gross exaggerations it is laughable.

      Also, I never said people needed to be persuaded on the basis of some ideological abstraction. The inevitable consequence of cutting off foreign oil would be higher gas prices. That is in terms of daily living as it will affect the cost of practically everything.

    17. Re:Question by iaminthetrunk · · Score: 1

      Fair enough.

      Although I wouldn't call 33k exactly high, it's above the 20k average for the 48 contiguous states for a family of four, (per the Federal Register, Vol. 71, No. 15, January 24, 2006, pp. 3848-3849), though I would take some ethical issue with how reasonable federal guidelines are in establishing thresholds. I don't see how anyone on 33k can afford to own their own home in quite a number of areas of the country, for instance, and I find that disturbing.

      I did a bit of web research in light of your comment, and agree that you look to be right about the modern American military's composition generally matching the demographics of the general population, (example: http://www.heritage.org/Research/NationalSecurity/ cda05-08.cfm), hence I thank you for clarifying that. I appreciate you taking the time to post an entry to correct my understanding.

      Rounding out the comment exchange, I chuckled at your movie stars remark. I happen to have read People's History, the Pentagon Papers, etc. quite some time ago and happen to think that currently democrats are incoherent and Marxism laughably self-contradictory and intellectually dishonest (we're going to end all class conflict in history by self-contradictorily appealing to class unity of the working class in the same breath...? Riiiiight...) That said, I don't think you have to go Chomsky-esque leftist to think there's something disturbed about the way America wages wars or the hypocrisy of our alleged American values.

      The inevitable cost of cutting off foreign oil will be yet another crisis-mode reactive response, as we as a species lurch to addressing a serious problem only when it becomes a 3-alarm fire. I'm not a fan of fascism, but this freedom to be greedy and ignorant thing is an utter failure of democracy to achieve it's stated ideals. Any two idiots outvoting the informed is a lousy system of government, acknowledging we seem to agree that the alternatives (marxism, fascism, libertarianism) seem even poorer.

      Thanks again for the debunk.

      --
      "The hottest places in Hell are reserved for those who, in times of moral crisis, preserved their neutrality." -Dante
    18. Re:Question by lavaface · · Score: 1
      Here is an opinion piece I wrote in 2002 for a school paper that seems relevant to this discussion:

      In 1961, John F. Kennedy posed a challenge to American scientists and engineers. The goal, he said, was to put a man on the moon by the end of the decade.

      The technological hurdles to be overcome were daunting, to say the least. Many people thought it was a ludicrous proposition. But he noted, "[w]e choose to go to the moon, not because it's easy but because it's hard."

      On July 20, 1969 the Eagle landed in the Sea of Tranquility. America answered the call.

      As we enter a new millennium, another challenge faces our country.

      The importance of this challenge supersedes the quest for lunar landing or even the pursuit of terrorists.

      It is technologically feasible and incredibly beneficial. If we had a wise leader in the office of the president, he or she would proclaim to the world that within a decade, the U.S. would cease to use fossil fuels. Not because it's easy but because we have to.

      It may be a shocking proposition, but it is entirely attainable.

      The obstacles to eliminate widespread use of renewable energy are not primarily technological. Instead, it is our own government's policies that keep us locked into the unfortunate "necessities" of environmental degradation and military protection of oil reserves.

      The Bush administration cut research funding for renewable energy by $135 million. This was a 36 percent decrease from Clinton's last budget.

      Instead of increasing the amount the federal government spent on fuel cell or solar power research, Bush began a $150 million program to study how to make coal burn cleaner.

      He also increased the entire fossil fuels budget two percent, or about $10 million, over Clinton's budget. For the 2002 fiscal year, research and support for fossil fuels was $449 million while renewable energy projects received $237 million. Cheney's Energy Policy Report pays lip service to alterative power while emphasizing continued reliance on fossil fuels.

      What else could you expect from an administration that includes a president and vice president who have lifetimes of connections to the oil industry?

      If you're thinking "not much," then you're right. Tax credits and other subsidies to oil companies wind up costing the public around $5 billion a year. That's a conservative estimate and does not account for the billions the United States spends defending oil reserves and pipelines. The future war in Iraq and the war in Afghanistan are just the most recent examples.

      Fuel cells run on hydrogen, and therefore, do not require reliance on foreign oil reserves.

      The emissions from fuel cells consist of water vapor. Solar cells harness the power from our sun, and thus, have a nearly limitless ability to produce energy.

      Geothermal and wind energy are also great untapped reserves of power.

      Together, they account for about three percent of our nation's energy supply.

      One of the principal objections to implementing alternative energies is that they are too expensive. The reason they are too expensive is that there is little demand for them, economically speaking. It's a chicken-and-the-egg issue. How can fuel cells gain widespread popularity when the costs of producing them limit demand? The answer lies within our government.

      In the 1960s, computers were prohibitively expensive. The U.S. government invested hundreds of millions of dollars for equipment that would allow them to test weapons and compile statistical data. Gradually, costs began to fall to a range a number of large companies could afford.

      This spurred further drops in price and created a competitive environment where smaller companies could afford computers.

      Eventually, individuals were able to buy "personal computers." And a revolution began.

      What we need now is an energy revolution.

      The government should convert its fleets of vehicles to ethanol or fuel cells. All government f

  8. News? by Kohath · · Score: 2, Interesting

    Predictions of the future from a one-sided, partisan anti-oil/peak-oil site?

    What could possibly be more credible than that?

    I have a story from the Sony web site saying the PS3 "rules". I guess I should have submitted it.

    1. Re:News? by EastCoastSurfer · · Score: 1

      Good point. The site definitely doesn't address the phenomenon of oil fields refilling. Can't let proper analysis get in the way...

    2. Re:News? by mrbcs · · Score: 1

      The peak was December 2005 @ 85 mbd. It's been decreasing since then. We are on the bubble and it will only get worse. http://jameshowardkunstler.typepad.com/clusterfuck _nation/2006/10/swan_dive.html

      --
      I'm not anti-social, I'm anti-idiot.
    3. Re:News? by ScentCone · · Score: 1

      What could possibly be more credible than that?

      Oh, I don't know... maybe a different chart that actually shows Iraq's operations back in place sometime between now and 2020, since it's NOT ON THE CHART AT ALL. Or, perhaps something that takes into account the big new puddle they just found in the Gulf of Mexico? Prop. O. Ganda.

      --
      Don't disappoint your bird dog. Go to the range.
    4. Re:News? by Anonymous Coward · · Score: 0

      That's because its pure bollocks, sold to credulous fools who can't face facts.

    5. Re:News? by EastCoastSurfer · · Score: 1

      And how's that? Fact is that oil is refilling wells and they can't figure out why or how. It's literally bubbling up from the seabed in certain places and they can't figure out where it's coming from.

      I'm not arguing against moving off of oil (I want to move off of oil for environmental concerns), just arguing for looking at the whole picture to remain credible.

    6. Re:News? by EastCoastSurfer · · Score: 1

      Isn't this the same guy who said the DOW would be at 4000 in 2005? I hope he wasn't waiting for that point to buy into the market.

    7. Re:News? by magarity · · Score: 1

      Futhermore I've seen 'this year is the peak and oil is going to decline now' predictions for at least as long as I've seen 'the Moller skycar will hit the market in just another year or so'.

    8. Re:News? by Anonymous Coward · · Score: 0

      It's only partisan due to reality's well known liberal bias.

    9. Re:News? by mrbcs · · Score: 1
      Not sure. The guy can be out to lunch on a bunch of issues but he does seem to have decent evidence on peak oil.

      The one thing that he did stress though, was that we will never KNOW we've hit the peak until after we've crossed that point. It's going to be easier in hindsight to verify if the world production cannot exceed 85 million barrels a day, which is his point in this article.

      Lots of other factors weigh in, but the bottom line is that what we are paying for gas now may be the cheapest we will ever see again. I know for certain that I'll never be able to buy gas for 39 cents a litre like I did ten years ago. Soon a buck a litre may be a deal.

      --
      I'm not anti-social, I'm anti-idiot.
    10. Re:News? by prandal · · Score: 1

      Kenneth Deffeyes said that back in February:

      http://www.princeton.edu/hubbert/current-events-06 -02.html

    11. Re:News? by EastCoastSurfer · · Score: 1

      The one thing that he did stress though, was that we will never KNOW we've hit the peak until after we've crossed that point.

      I agree. The peak may be tomorrow or 100 years from now or have already happened. I also agree that we should be researching and preparing for when the peak may come around. I've felt for a long time that the country that comes up with the next big source of energy will be the next dominant super power in the world. Fear mongering and dooms day is what I disagree with.

      I know for certain that I'll never be able to buy gas for 39 cents a litre like I did ten years ago.

      Is this supply demand based or inflation based? I know for certain I'll never be able to buy a loaf of bread for 5c again or soda or any number of products, but it doesn't mean that we are running out of them.

    12. Re:News? by Anonymous Coward · · Score: 0

      The oil drum is hardly "anti-oil". The people there would love nothing better than having lots of cheap oil.

  9. Peak Oil is NOTHING Compared to PEAK FOOD by Anonymous Coward · · Score: 0

    That's right folks, we're all going to starve!!!. Run for the hills, it's all over.

    1. Re:Peak Oil is NOTHING Compared to PEAK FOOD by popo · · Score: 1

      Food isn't a fized resource commodity. Its supply is affected to the upside by technological advancement far more than it is by consumption to the downside.

      Copper, Nickel, Gold and Silver on the other hand, could potentially go nuts. Gold is pretty heavily manipulated, just like oil, so its not as transparent as silver. Silver, IMHO will be the metal of the 21st century.

      --
      ------ The best brain training is now totally free : )
    2. Re:Peak Oil is NOTHING Compared to PEAK FOOD by An+Onerous+Coward · · Score: 1

      Peak food is a possibility. The vast gains of the so-called 'Green Revolution' are primarily based on petroleum-derived fertilizers. As oil becomes more expensive, industrial agriculture will do so as well.

      Fortunately, we do have the (perhaps distasteful to some) option of switching to a primarily vegetarian diet, which vastly reduces the total number of calories we need to grow. Cue chubby American whining in five... four... three...

      --

      You want the truthiness? You can't handle the truthiness!

  10. Silver by popo · · Score: 5, Interesting


    If anyone cares, the world is destined to run out of raw silver reserves long, long before it runs out of oil. Dozens of analysts are expecting a COMEX default on silver futures within the next couple years. It might not seem like a big deal, but just watch what happens to the price of silver when it does...

    (Silver is used in tons of medical equipment. There's a lot of nanotechnology research being done to develop a good substitute, but its still years off)

    --
    ------ The best brain training is now totally free : )
    1. Re:Silver by dptalia · · Score: 2, Interesting

      I heard that copper is running out too - one of the reasons people are moving away from copper plumbing is the price.

      --
      Genius is one percent inspiration and 99 percent perspiration, which is why engineers sometimes smell really bad.
    2. Re:Silver by Anonymous Coward · · Score: 1, Informative

      There's plenty of exploration going on for new silver right now, but the point you make is valid: our consumption vastly exceeds the rate of discovery. Additionally, the areas where silver can be found are increasingly inaccessible and politically unstable.

      And its not just medical equipment. Silver is an incredible conductor and used for high end electronic circuitry. ... and its widely used as a catalyst in oxidation reactions for a wide variety of industrial materials.
      (You can't make polyester without silver. Imagine a world without polyester! Noooooo!)

    3. Re:Silver by Overzeetop · · Score: 1

      Sort of. Ask any plumber which he prefers to install, he'll say PEX - he can charge a larger margin on the materials and his crew finishes a job faster. Ask any builder about PEX and it's the next coming - they put it in every house they build. Well, every house except their own, which they plumb with copper. Interesting.

      --
      Is it just my observation, or are there way too many stupid people in the world?
    4. Re:Silver by Abcd1234 · · Score: 1

      which they plumb with copper. Interesting.

      I'd love to know why. Copper is less flexible, more difficult to install, and far more difficult to splice into. It seems to me the coming of PEX was just a matter of time, and is a far superior solution.

    5. Re:Silver by dptalia · · Score: 1

      I know the cost of copper plumbing has more than doubled over the past year... Yikes!

      --
      Genius is one percent inspiration and 99 percent perspiration, which is why engineers sometimes smell really bad.
    6. Re:Silver by Anonymous Coward · · Score: 0
      Silver is one of the most recycled metals.
      Most newly mined silver comes as a by-product of copper and zinc mining, there are very few "silver" mines left. Therefore, new silver + recycled silver more than satisfies demand.

      One of silvers biggest uses used to be photography, but digital is killing that use, hence price of film is going to go up, not because there is less silver, but because there is less demand for photographic film.

    7. Re:Silver by Anonymous Coward · · Score: 0

      If you start to run out of silver, just send out a few SCV's to scout for more. Then build a base nearby.

      You have to be careful though, cuz them darn zerglings sometimes burrow right next to the outcroppings.

      Bastards.

    8. Re:Silver by R2.0 · · Score: 1

      There are copper plumbing installations that have lasted over 50 years - so far, the record on the plastics isn't so rosy.

      And copper is easier to repair - one can disassemble and remake joints by desoldering and resoldering. Plasic uses fusion welds, which cannot be un-fused - only cut out and couplings installed, which can triple the amount of joints.

      And copper is more resistant to damage by Harry Homeowner. While one can pierce copper with an errant nail, it's pretty hard. But hit a piece of standard issue PEX with a nail, and it's over.

      --
      "As God is my witness, I thought turkeys could fly." A. Carlson
    9. Re:Silver by popo · · Score: 1


      > Most newly mined silver comes as a by-product of copper and zinc mining, there are very few "silver" mines left.

      (That's because there are very few high quality silver deposits left)

      > Therefore, new silver + recycled silver more than satisfies demand.

      (No, world silver supplies are lower now than they have ever been in history and depleting rapidly)

      > One of silvers biggest uses used to be photography, but digital is killing that use, hence price of film is going to go up, not because there is less silver, but because there is less demand for photographic film.

      Manufacturing and antibacterial uses have risen faster than the decline in photographic uses.

      The price of silver has more than tripled in the last 4 years.

      --
      ------ The best brain training is now totally free : )
    10. Re:Silver by xeno-cat · · Score: 1

      "As God is my witness, I thought turkeys could fly." A. Carlson

      "Turkeys are hitting the ground like sacks of wet cement! People are running everywhere! It's just terrible."
      --L. Nessman (To the tune of the Hindenburg)

      --
      "A few great minds are enough to endow humanity with monstrous power, but a few great hearts are not enough to make us w
    11. Re:Silver by geekoid · · Score: 1

      But PVC is easier to replace for the average homeowner.

      However, I suspect the real reason they do it is for the look of it.
      Like Car guys that like shiney bits on there engine so they can show it off.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    12. Re:Silver by Anonymous Coward · · Score: 0

      LOL
      Best. Post. Ever.

    13. Re:Silver by RexRhino · · Score: 1

      Would it be a good investment to buy and stockpile silver?

    14. Re:Silver by popo · · Score: 1

      I have a friend who works for a hedgefund and he told me about a month ago that they were starting to accumulate silver.

      --
      ------ The best brain training is now totally free : )
    15. Re:Silver by popo · · Score: 3, Informative
      --
      ------ The best brain training is now totally free : )
    16. Re:Silver by snarkth · · Score: 1

      "fusion welds"?

        No, most plex installation uses exterior compression rings over barbed fittings. Yeah, it doesn't hurt to heat the line, in order to make it softer, but it's hardly "fusion welds".

        As to potential damage, both are about the same, in my experience. One advantage that plex has there is that it's flexible between tiedown points, which mean it might move when the nail hits it - not copper. Most people who pound nails in the wall and find some resistance just whack the nail harder.

        But that's the whole point of routing the plumbing where people aren't likely to be pounding nails. Unlike running electrical lines to avoid the same problem, this is pretty easy.

        I bet I can splice a section of plex a helluva lot faster than you can repair the same section of copper *grin* - I might not even have to cut a half meter of drywall out to gain access.

        I'd be interested to see if you have a link supporting your comment about the durability.

        *snark*

    17. Re:Silver by khallow · · Score: 1

      Why would they expect a COMEX default? COMEX appears to be an index not a financial entity. If you're talking about the NYMEX market in silver, then it still doesn't make sense. NYMEX isn't taking risk. If there is a massive default by some silver futures trader, NYMEX doesn't hold significant risk. The worst that could happen to NYMEX is that NYMEX profits fall because liquidity in the silver market dropped sharply.

    18. Re:Silver by SRA8 · · Score: 1

      NYMEX *is* taking risk, but it reduces most of it by MTM (the daily exchange of money based on futures price increases or decreases.) In theory, if there is a drastic one day drop and a party cannot meet margin requirements, the exchange can end up losing money. This risk is generally limited because price swings are generally small enough to allow margin requirements to prevent complete illiquidity. Keep in mind that the market is required to deliver on the contracts, it is the middleman in the trades since this is not an OTC transaction. There is no counterparty to my future, NYMEX is the counterparty.

    19. Re:Silver by toddestan · · Score: 1

      Another fun fact is the pre-1982 cents in the US (which are 95% copper) are currently worth over twice their face value in copper metal. The nickel is also worth more than face value in metal (about 7 cents IIRC). Even the cheap copper coated zinc cents are almost worth face value in zinc! The price of metal has gone nuts the past few years.

    20. Re:Silver by dptalia · · Score: 1

      Nifty. My question is - why? Are we really running out of certain metals or is this price spike artificial in anature? Is the remain ore just too hard to get at or are people not mining - just like Opec cuts pumping oil?

      --
      Genius is one percent inspiration and 99 percent perspiration, which is why engineers sometimes smell really bad.
    21. Re:Silver by toddestan · · Score: 1

      I'm no expert, but I would say metals themselves are no more scarce, but the real reason is simply inflation making the dollar worth less and less.

    22. Re:Silver by dptalia · · Score: 1

      I don't think that is the complete answer, because plenty of other commodities have not experienced the same increase in price. For instance diamonds - sure there are oodles of them out there, but the diamond cartel is far more controlled than OPEC and doesn't allow too many to hit the market. And the price has remained steady. If it was simple inflation, then diamond prices would have risen too, since their availability hasn't changed.

      --
      Genius is one percent inspiration and 99 percent perspiration, which is why engineers sometimes smell really bad.
    23. Re:Silver by toddestan · · Score: 1

      I'm not sure if diamonds are a good example. Diamonds* are very much a luxury item, and if they cost too much, people would simply stop buying them. It seems that the diamond cartel likes to keep diamonds priced at a level that can be described as "expensive, but still within reach" for most people. Keep in mind that that if the economy is weaker, this maximum price isn't going to be as high. The diamond cartel has more than enough diamonds, they simply price them where they feel they can get the most money.

      *I assume you mean the diamonds dug up from the ground, as opposed to man-made diamonds.

    24. Re:Silver by khallow · · Score: 1

      Sorry about the late reply. I didn't know they were taking that sort of risk on. Defeats the point of being a market.

  11. eh?! by mr_tommy · · Score: 1

    A report, based on SHELL OIL's predictions, suggesting that we might be running out of oil?! A surprise, one thinks not!

    1. Re:eh?! by TubeSteak · · Score: 1

      The problem with 'modern' oil extraction techniques is the oil wells don't taper out.

      When they run out of oil, it is an abrupt drop in output.

      This makes it very hard to do any predictions, whereas in the past, they could assume a gradual decline in output.

      --
      [Fuck Beta]
      o0t!
  12. Great! by Anonymous Coward · · Score: 1, Funny

    I honestly fail to see how this is "worrisome", it's great!

    This means that we will run out of oil long before carbondioxide makes the world uninhabitable. //0xFE

  13. Including "innovation" is dangerous. by Kadin2048 · · Score: 5, Insightful

    Well, you really don't want to factor future technological developments into the predictions, because that encourages people to just keep doing what they're doing, and might cause the technological developments that you were counting on, to never be introduced.

    The point of these predictions, IMO, is to show us what will happen if we just keep bumbling along, doing what we're currently doing.

    If you assume that we'll start using more efficient cars in the future, and take that into consideration when making your graph/paper/prediction/whatever, then it might make the looming crisis look less severe, meaning that people won't actually start using more efficient cars ... and the crisis ends up being worse.

    It's a self-defeating prophesy: if you make it look like we're going to do better than we're currently on target to do, taking no corrective action, then you encourage us to not take any.

    --
    "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    1. Re:Including "innovation" is dangerous. by grassy_knoll · · Score: 4, Insightful
      It's a self-defeating prophesy: if you make it look like we're going to do better than we're currently on target to do, taking no corrective action, then you encourage us to not take any.


      So then, the best thing to do is exagerate how bad things are to force people to do what some think needs to be done?

      Perhaps exagerated consequences ( which don't materialize ) tend to discredit the suggested action, no matter how valid?
    2. Re:Including "innovation" is dangerous. by susano_otter · · Score: 1

      I'm sorry, but that's a pretty weak argument.

      You're saying that instead of reporting openly and honestly, to the best of their current knowledge and ability... ... Scientists should pick and choose the information and interpretations they publish, in order to make sure that policy makers and the general public reach the same predetermined conclusions, and decide on the same necessary measures, that the scientists have already figured out.

      Instead of saying what is true, you want scientists to say what is false, in order to support their biased, personal, unscientific agendas.

      You are advocating blatant propaganda, and the manipulation of poblic opinion through the biased use of what should be a neutral source of information and analysis.

      --

      Any sufficiently well-organized community is indistinguishable from Government.

    3. Re:Including "innovation" is dangerous. by Maniakes · · Score: 4, Insightful

      If you assume that we'll start using more efficient cars in the future, and take that into consideration when making your graph/paper/prediction/whatever, then it might make the looming crisis look less severe, meaning that people won't actually start using more efficient cars ... and the crisis ends up being worse.

      As economist Herb Stein observed, "If something can't go on forever, it won't."

      There's a price at which conservation makes sense (which varies from person-to-person, and there's different prices for different degrees of conservation). There's a price at which extracting oil from tar sands makes sense. There's a price at which synthesis of oil from coal makes sense. There may be a price at which ethanol makes sense (I've heard conflicting reports over whether ethanol from corn is energy-profitable). There's a price at which electric cars (powered by fission, or from solar power) make sense.

      There's billions of dollars to be made by guessing right about when and whether these price points will be hit, so investors are going to put a lot of effort into making intelligent guesses and acting on them at the appropriate times.

      --
      A legparnasom tele van angolnaval.
    4. Re:Including "innovation" is dangerous. by Rei · · Score: 5, Interesting

      I agree. This is widely blown out of proportion.

      First off, all of the predictions that we see in the article are from Colin Campbell. He's a geologist who represents the fringe of the "peak oil" movement, and founded the association for the study of peak oil and gas. The guy has trouble being right. In addition to being continually proven wrong about the discovery of large new oil fields (which keep turning up -- not to mention old fields unexpectedly finding new life) and the rates at which existing fields will produce, every few years he pushes back his predicted peak. First it was 1995. It's all the way back to 2007 now. Aaany day now, Colin!

      Secondly, the logic that this article is based on is faulty. It fails to acknowledge the most critical factor in oil production and pricing: the price of oil influences both the demand and the rate of production of fuels (inc. alternatives). The more expensive oil gets, the slower world economic growth occurs, which drastically reduces demand. At the same time, the more expensive oil gets, vast new reserves come online. At current oil prices, Saudi Arabia doesn't have the world's largest reserves: Venezuela does. Venezuela's reserves were once dwarfed by Saudi Arabia's because they're more expensive to produce from. With high prices, a vast amount of Venezuelan oil comes online.

      But it doesn't stop there. Current prices are high enough to make Canadian tar sands profitable. Shell is leading the way here, and is majorly scaling up their operations. If you count the tar sands, Canada goes up into the world leader position. But hey, why stop there? Coal liquifaction is borderline profitable at current prices. The US has hundreds of years of coal to mine; even if we start converting it to oil, it's a massive energy influx. And do we really even need to get into oil shale, methane hydrates, ethanol (esp. from cellulose), biodiesel, waste polymerization, and vehicles driven by electricity or hydrogen (which, effectively, can be powered by the grid, which means that any potential power source will work).

      Yes, prices will rise. So? We've gotten a free ride on ubercheap oil for too long. At current prices, however, countless technologies are either freshly viable or near-viable for energy production -- both for producing petroleum, and for producing petroleum alternatives. If prices rise further, it makes them all the prettier for investors. This peak oil fearmongering is just silly.

      --
      Pinkypants -- my favorite!
    5. Re:Including "innovation" is dangerous. by mordors9 · · Score: 1

      I think I may still have my Time magazine from 30 years or so ago that predicted the world would run out of oil a few years ago. I will have to put this new prediction with the old one...

    6. Re:Including "innovation" is dangerous. by Maxo-Texas · · Score: 2, Interesting

      I would say:

      so investors are going to put a lot of effort into making sure the government chooses things that make their investments pay off even up to the point of creating false data to support their investments.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    7. Re:Including "innovation" is dangerous. by Hijacked+Public · · Score: 2, Insightful

      There is no such thing as a neutral source of information and analysis.

      Your typical private sector scientist isn't going to publish a whole lot that doesn't go through a marketing department first, and your typical public sector one is in a similar position apart from the fact that various other words are substituted for 'marketing'.

      A close look at the graphs and charts used in the presentation usually gives away a bias toward one thing or another. You also have to consider the data the report was based on, which in this case means you'd have to take a look at BP and ASPO.

      Also figure that in the first handful of posts here, at Slashdot, a site started by someone who answers to the name "Commander Taco", you have various disagreements about how to extrapolate data into the future, how nanotechnology will totally obviate the need for any oil at all, and nanotubes, and nanites, and several other figments of people's imaginations that contain the characters "nano". You have to consider that the author of the report had several options available to him about how to handle this particular issue, as well as hundreds of others, and he picked one and went with it. Most likely the desire to make a point one way or the other figured into the choice.

      So, no unbiased reports are out there. If you start seeing all of it as propaganda, and think about it all critically, you'll be ahead of the game.

      --
      "Sacrifice for the good of The State" - The State
    8. Re:Including "innovation" is dangerous. by CaymanIslandCarpedie · · Score: 1

      You're saying that instead of reporting openly and honestly, to the best of their current knowledge and ability... ... Scientists should pick and choose the information and interpretations they publish

      That's not what I read his post as saying at all. In fact it seems quite the opposite. He is argueing they should only use thier best current knowledge and ability, not try to guess at what "some future innovation" might help of when.

      Besides all that, doesn't this study already consider future innovation in the only real way possible? They say they are using a projection of consumption. To come to that projection, presumably they have to look at what consumption has been over a period of time. Assuming there has been some innovation during that period, it considered into the net change in cosumption and thus will effect the projections accordingly. Short of taking the VERY unscientific approach of just assuming a "silver bullet" will arise soon, I don't know how else you can include future innovation.

      Say they look at trends in consumption from 1950 (I haven't taken the time to read the stuff they are siting to know the actual period). Obviously, there have been many innovations which have helped reduce consumption. Those innovations will automatically lower the consumption projections. The main issue is as history shows over the last 100 years even with all the innovations which have occurred, out thirst for oil has ALWAYS far outpaced any innovations to make our use of it more efficient. Thus even though we are making FAR more effiecent use of oil say today than 75-50 years ago, we are none the less still using WAY more oil than 75-50 years ago.

      --
      "reality has a well-known liberal bias" - Steven Colbert
    9. Re:Including "innovation" is dangerous. by RevMike · · Score: 5, Interesting

      Wait a minute! Let me see if I can boil this down...

      When a something is in high demand and becomes scarce it becomes more expensive. Because it is more expensive, people will seek out and develop alternative sources for the product, as well as alternative products.

      Is this just crazy talk? Are you saying that we didn't go back to candles when we ran out of whale oil? But instead we developed an alternative - petroleum? Or that when since cane sugar is expensive we sweeten lots of food products with corn syrup?

      Holy freshman year economics, Batman!

      Someone better tell these simple proven facts to the prophets of doom. I'm sure that they'd rather have a hand in informing the public of all this, rather than exploit the public with their gloomy predictions for personal gain.

    10. Re:Including "innovation" is dangerous. by Anonymous Coward · · Score: 0, Informative

      Typical libertarianism. Over-simplifying a complex issue with free market bollocks.

      The problem with peak oil is not that it'll run out, it's that demand will exceed supply and the price will spike like a bastard. Biodiesel, hydrogen power and all other 'alternative' energy sources are currently an absolute joke. Almost everything depends on oil, most notably transport, which is utterly vital to the economy. Push the price of that up, and the price of everything else follows. Or maybe we're going to convert every lorry on the planet to hydrogen power? (incidently merely a method to store energy, not a supply of it). I won't even go into the cost of switching everything from oil power to another form.

      This isn't going to happen any time soon, but unfortunately it's inevitable.

    11. Re:Including "innovation" is dangerous. by Maniakes · · Score: 1

      That's also possible (already happening in the case of Ethanol producers). And the two possibilities are not mutually exclusive.

      "When buying and selling are controlled by legistlation, the first things to be bought and sold are legislators." -- P.J. O'Rourke

      Which just goes to show that there's a quote for everything.

      --
      A legparnasom tele van angolnaval.
    12. Re:Including "innovation" is dangerous. by Maniakes · · Score: 1

      That's not quite what I thought the grandparent post was saying. My read was that scientists should generate naive estimates in order to form a basis for discussing how the government should try to influence second-order effects. I don't agree with it because I think it over-emphasizes the role of goverment and ignores the effects of private action, but I don't think it's advocating dishonesty.

      --
      A legparnasom tele van angolnaval.
    13. Re:Including "innovation" is dangerous. by Anonymous Coward · · Score: 0

      Timescales inside 5-10 years ARE soon. In development and planning timescales it practically tomorrow.

    14. Re:Including "innovation" is dangerous. by mparker762 · · Score: 2

      Except that we're not just "bumbling along". There are a lot of fields (such as the colorado oil shales and canadian oil sands) and a lot of technologies that weren't viable at $17/bbl that are viable at $50/bbl, and the oil companies are busily bringing those fields online and productizing those new technologies. But there is a lag of many years because it took awhile for the companies to decide that the risk of making a decade-long multi-billion dollar investment was likely to pay off, then another several years to finish developing the technologies and building up the oil fields. All of this started a few years ago, and won't start really coming online for another few years. Projecting future production based on current trends is therefore *really* misleading, because those current trends were based on two decades of stable oil prices at around $17/bbl. We got the same sort of misleading predictions back in the late 70's when the price of oil was spiking from $5/bbl to $15/bbl, but by the mid 80's a lot of new fields had come online, the offshore fields were producing gangbusters, and where the world had been running out of $5/bbl oil, it suddenly had plenty of $15/bbl oil. And once these new fields and new technologies come online we'll discover that we've got loads of $50/bbl oil -- I've heard estimates that the colorado oil shales and the canadian oil sands each have 3x-5x more oil than the entire middle east, it's just expensive and technologically intensive to get it out.

    15. Re:Including "innovation" is dangerous. by forgetmenot · · Score: 1

      Hmmmm.
      So what you're saying is I should tell my daughter she's destined to be a crack addicted whore... so that she will hopefully do her homework?

    16. Re:Including "innovation" is dangerous. by OwnedByTwoCats · · Score: 1

      It's not just crazy talk; it's basic supply and demand. Price is the critical balancing factor.

      Supply and Demand are not fixed numbers; they are functions of price. Curves. At a low price, supply is low and demand is high. At a high price, supply is high and demand is low. Somewhere in the middle, the curves cross. There is a balance.

      The supply curve for oil is moving out, while the demand curve is moving up. The world cannot produce as much oil as it used to at a given price, while the consumers of the world want more oil today (at yesterday's price) than they bought yesterday. So the supply equals demand intersection is going to occur at a higher price. Whether total quantities increase or not depends on the details.

    17. Re:Including "innovation" is dangerous. by susano_otter · · Score: 1
      Besides all that, doesn't this study already consider future innovation in the only real way possible? They say they are using a projection of consumption. To come to that projection, presumably they have to look at what consumption has been over a period of time. Assuming there has been some innovation during that period, it considered into the net change in cosumption and thus will effect the projections accordingly. Short of taking the VERY unscientific approach of just assuming a "silver bullet" will arise soon, I don't know how else you can include future innovation.

      That's a very good point. Thanks for bringing it up. I hadn't really considered it in this way before.
      --

      Any sufficiently well-organized community is indistinguishable from Government.

    18. Re:Including "innovation" is dangerous. by Eccles · · Score: 4, Insightful

      Note that part of the "expensive" factor of the oil sands/shales is that it requires quite a bit of energy to separate out the oil, which effectively means the yield is substantially lower. Having more oil than Saudi Arabia is meaningless if you have to use 70% of it just refining the next lot.

      However, what the recent events have shown us is that regardless of the sources, the relatively inelastic demand for oil can produce major price shocks with huge detriments to the economy. So even if there's plenty of potential oil, it's not good for us to be so dependent on it.

      --
      Ooh, a sarcasm detector. Oh, that's a real useful invention.
    19. Re:Including "innovation" is dangerous. by Angostura · · Score: 1

      I will have to put this new prediction with the old one...

      because....?

    20. Re:Including "innovation" is dangerous. by Anonymous Coward · · Score: 0

      Yes! We'll just replace every vehicle and every oil-driven power station with something we haven't invented yet IN THE NEXT 20 YEARS!! How blindingly obvious!

    21. Re:Including "innovation" is dangerous. by electroniceric · · Score: 2, Informative

      Wait a minute. You are well within your rights to claim that peak oil theorists are wrong, but they represent a set of pretty heavy-hitting geologists, including, I believe one who worked for M. Hubbert King. King was, despite being mocked, famously right about peak oil in the US. Like spot-on right. Yes, I think these predictions need to be taken with a grain of salt, but I would also be sanguine about how much more oil will necessarily come on line. One of the key points made here, which a number of people have addressed is that Saudi Arabia's reserves numbers are almost entirely uncorroborated, and basically have been so since they ran the Westerners out of Aramco... All we know is that they have the oil to keep increasing production now.

      Plus, spend a little time with the economics of resource scarcity. That nice smooth convergence to a new supply and demand intersection is a classroom fiction. In the real world when commodities become scarce, price shocks are common (especially now with the rapid propagation of information and disinformation), and wars and such are fought over the scarce commodities. Humans are good at a adapting to big shifts in environment and resources eventually, but history's pretty clear that they don't always pick a pleasant way to get there. As long as you accept that there is a peak of petroleum, which is hard to dispute, then it makes sense to get a jump-start planning for transition in the lifeblood of our economy. The question posed by peak oil people is fundamentally a valid one, whatever you think of their specific predictions now.

    22. Re:Including "innovation" is dangerous. by Rei · · Score: 1

      That's the first time I've ever been called a libertarian ;) I support Keynesian economic policy, thank you very much.

      Oversimplifying a complex issue was what the article did by leaving out the effects of price rises on demand, production, and technology. I brought them back into the picture, and it makes the picture quire rosy.

      Biodiesel, hydrogen power and all other 'alternative' energy sources are currently an absolute joke. Almost everything depends on oil, most notably transport

      Biodiesel and ethanol are both energy positive (in addition to being able to use waste products for fuel). Brazil practically runs on ethanol. Do you not believe in Brazil? ;) There are dozens of extant, perfectly viable options out there. What's the worst case -- coal liquifaction? Fear and terror, the world's going to end!

      hydrogen power>? (incidentally merely a method to store energy)

      Hydrogen comes down to a way to use grid power in vehicles, and few are claiming that we're going to have "peak grid power". Such a notion is ridiculous because, absolute worst case, we can always build more coal and nuke plants. They're not pretty, but they get the job done. Of course, hydrogen is a "not here yet" technology, unlike all of the others (excepting cellulose ethanol, which is a "right around the corner" technology) that I mentioned.

      I won't even go into the cost of switching everything from oil power to another form

      Okay then, I will. Lets go down my list:

      Venezuelan heavy crude: No conversion cost.
      Canadian tar sands crude: No conversion cost.
      Coal liquifaction: No conversion cost.
      Oil shale production: No conversion cost.
      Fisher-tropsh production of oil or consumption-displacement from methane hydrates: No conversion cost.
      Thermal depolymerization: No conversion cost.
      Biodiesel: Little or no conversion cost in diesel vehicles.
      Ethanol: ~$30-40 extra for a flex-fuel vehicle at production-time

      The world's going to end!

      --
      Pinkypants -- my favorite!
    23. Re:Including "innovation" is dangerous. by Rei · · Score: 1

      In terms of scaling up production of fields with reserves that were previously uneconomical, it's nothing. It's not even much for getting whole new facilities online if there's distribution infrastructure available.

      It's a non-issue.

      --
      Pinkypants -- my favorite!
    24. Re:Including "innovation" is dangerous. by RMB2 · · Score: 1

      You're exactly right, something always comes along. We should disregard any concerns for an expected shortage in supply in the future, because as history has shown, something will clearly come along. I'm gonna go smoke a big bottle of light sweet crude right now.

      --
      [/sarcasm]
    25. Re:Including "innovation" is dangerous. by RevMike · · Score: 4, Insightful
      Yes! We'll just replace every vehicle and every oil-driven power station with something we haven't invented yet IN THE NEXT 20 YEARS!! How blindingly obvious!

      Yep we'll have to do that, since absolutely nothing out there consuming oil will reach the end of its useful life in 20 years and would be up for replacement anyway. Also none of the alternatives like extracting oil from tar sands, from deep water wells, or producing oil from coal could feasibly be used in any equipment currently in use. All those people currently driving around in biodiesel fueled cars are just imagining that they are using a petroleum alternative. And while people are willing to spend $30,000 on a new car, spending $30,035 on a flex-fuel vehicle capable of also running on E85 will put the world economy into a tailspin.

      Let's assume, however, that we don't find new reserves, we don't find ways to more efficiently recover our current reserves, and that tar sands and the like don't pay off in a big way.

      We could easily do a 70-80% replacement of petroleum as a motor fuel source in only 10 years based n bio-fuels like ethanol and bio-diesel. Big consumers like oil fired power plants can be refueled fairly easily for coal. They're big, but there are relatively few of them so they are easy to do. And you only need to replace a few pieces, the boilers and turbines and generators continue to operate as before. What you are left with is the medium sized plants. Large diesel generators at industrial plants, railroad locomotives, things with 40 year lifespans but are too numerous to convert easily. After removing the motor fuels and big power plants from the equation, however, you've halved the demand for oil, which means that you now hav 40 years to update this infrastructure. And as the updating procedes, it pushes back the date when we run out of oil.

    26. Re:Including "innovation" is dangerous. by aztec+rain+god · · Score: 1

      So doncha think a good ol' fashioned tax on gasoline (perhaps all hydrocarbons) to keep the price elevated and keep alternatives economical would be a good idea? The thing I noticed about the high gas prices this summer is that, while people I knew did complain a little, it wasn't as vitriolic and panic-ridden as they were portraying on the news People were bothered a bit, but payed up. People who I knew to be in a bind just bought smaller cars or changed their life habits a bit, but life went on.

      --
      Sig cannot be found.
    27. Re:Including "innovation" is dangerous. by FrostedChaos · · Score: 2, Interesting

      You are right that the peak oil people are nuts. They fail to understand the ways that the economy can adapt to high oil prices.

      Unfortunately, none of the alternatives you named are really all that desirable. Coal to gas conversion is very environmentally destructive-- and, of course, it contributes even more to global warming. All of the heavy oil products require even more energy to refine than light oil, which translates into massive inefficiency. Unfortunately, that is the future.

      Ethanol-powered vehicles don't really reduce US oil consumption because US agriculture is massively dependent on petroleum-based fertizilers and other chemicals. Brazil, on the other hand, has a different climate which allows it to grow a lot of sugar cane, and there ethanol does help.

      So basically, the environment is screwed, but the economy is not. Yay.

      --
      "Any connection between your reality and mine is purely coincidental." -Slashdot
    28. Re:Including "innovation" is dangerous. by Dausha · · Score: 1

      When I was a kid (late-70s, early-80s), I remember reading articles that lamented the fact that 1) nuclear fuel for power plants would be spent by the mid-90s 2) petroleum reserves would be expended by 2020 and 3) coal reserves would be expended by 2120.

      I've stopped believing forecasts of available resources. I consider myself a Conservative, but economically speaking it's obvious that to conserve energy resources is the right thing to do. It's not about the environment---I say bludgen a seal if you want. It's not about national security---we could just take if we really wanted to. It's a matter of waste---don't use it if you don't need it; if you _need_ it, then find a way to use less.

      --
      What those who want activist courts fear is rule by the people.
    29. Re:Including "innovation" is dangerous. by RevMike · · Score: 2, Insightful
      You're exactly right, something always comes along. We should disregard any concerns for an expected shortage in supply in the future, because as history has shown, something will clearly come along. I'm gonna go smoke a big bottle of light sweet crude right now.

      Exactly.

      I expect that we'll see a long term trend of gradual price increases. As the prices goes up, it will spur investment in alternative sources - as we've already been seeing - as well as an increase in conservation - as we've already been seeing and an increase in innovation - as we've already been seeing. As the prices increase, new supplies will become economical and will hep restrain further price increases. As alternatives develop, demand will decrease further restraining production.

      Basically, we'll never run out of oil. As oil becomes more expensive, alternatives will be used in greater quantity. Eventually there will be some oil left but the alternatives will be cheaper and so we won't even bother pumping out of the ground.

    30. Re:Including "innovation" is dangerous. by Rei · · Score: 2, Interesting

      And the thing is, I don't accept that there's a peak of petroleum. Heck, if it came down to it, we could make petroleum from 1) electricity, 2) water, and 3) carbon dioxide (Bosch reaction + partial combustion + Fischer-Tropsh process, for an inefficient example). It'd just be extremely expensive. Everything here is all about cost. I'll gladly accept that there's a peak of, say, natural sweet crude coming up within the next decade or two. But to claim that petroleum is somehow going to run out when we can synthesize it, and when we can create other fuels that work in engines with little to no modification to the engines, is illogical. Especially when some of these fuels are economical at current oil prices.

      You'll notice that peak oil theorists almost always point to Hubbard. Point to a peak-oil prediction *apart* from Hubbard's that has worked out. Since Hubbard, peak oil theory has been one missed prediction after another.

      Oh, I almost forgot yet another oil source in my parent post: the arctic, which every year (sadly) becomes easier to drill in. Also, another thing: A quick search shows that 1995 wasn't Campbell's first missed peak. Apparently he also predicted a peak in '89. ;) Also, last year, he apparently pushed back his peak yet again, to 2010. ;) It'd be funny if people didn't take him and his ilk seriously.

      --
      Pinkypants -- my favorite!
    31. Re:Including "innovation" is dangerous. by Iron+Condor · · Score: 1

      There's a price at which extracting oil from tar sands makes sense.

      This and similar statements are simplistic fiction. "Price" is a nebulous notion and the unit "dollar" measures, if anyhting at all, energy throughput. One dollar is a unit of energy equivalent to so-and-so-many kWh. (about 10 right now, but that can and has changed). That means that it does not matter one whit how expensive oil becomes, extractions of tar sand will not make sense IFF the extraction of 1kWh worth of product requires more than 1kWh worth of effort. When that point is reached, all the simplistic supply-and-demand fantasies will collapse, since physics knows no market elasticity.

      When you have reached the point where pumping a barrel of oil costs a barrel of oil, the pumping of oil will cease to make sense, no matter how much more the prices climb.

      --
      We're all born with nothing.
      If you die in debt, you're ahead.
    32. Re:Including "innovation" is dangerous. by Rei · · Score: 1

      I concur. The environment is pretty screwed, at least for the next century. Humans are not. We're not going to have "cheap power/fuel" for a while (unless some of the new techs really take off... and there's enough of them out there that a few may well do that), but we're not going to have some sort of catastrophic spike. There are just too many fuel sources and too strong of a production-price feedback loop for that to occur.

      --
      Pinkypants -- my favorite!
    33. Re:Including "innovation" is dangerous. by doodlebumm · · Score: 1

      Solution to the problem:

      1. Annex Canada
      2. Tax all IMPORTED petroleum (and increase the tax as time passes)
      3. Return taxes from #2 to fund domestic oil production and research (that is, make using our energy reserves BETTER, not find more oil)

      When all the dust settles, the US can be energy self-sufficient much faster and much less dependent on political ties to OPEC countries.

      (Yes, I've simplified things tremendously, but as a simple overview it makes sense.)

    34. Re:Including "innovation" is dangerous. by RevMike · · Score: 1
      So doncha think a good ol' fashioned tax on gasoline (perhaps all hydrocarbons) to keep the price elevated and keep alternatives economical would be a good idea? The thing I noticed about the high gas prices this summer is that, while people I knew did complain a little, it wasn't as vitriolic and panic-ridden as they were portraying on the news People were bothered a bit, but payed up. People who I knew to be in a bind just bought smaller cars or changed their life habits a bit, but life went on.

      From a strictly economic perspective I hate altering the markets like this. Taking more of a geopolitical view I'm more interested.

      My personal standpoint is that the Fed Gov should institute the following rules:

      1. Starting with the 2008 model year, all auto manufacturers that sell 1,000 or more new gasoline powered road legal vehicles in the United States must make at least 20% of them E85 capable.
      2. In 2009, 2010, and 2011 that percentage increases to 40, 60 then 80%.
      3. Starting in 2010, all other manufactures of 1,000 or more units of gasoline powered devices excluding aircraft must make then E85 capable. (lawn mowers, snow mobiles, boats, chainsaws)
      4. Starting in 2008, anyone constructing a new retail gasoline filling station, or substantially renovating an existing gasoline filling station that can dispense two or more grades of gasoline must make provisions so that at least one tank and set of pumps can accomodate E85.

      The cost of doing this is rather small, since the building an E85 capable vehicle in the factory is only a delta of about $35. The cost of an E85 capable tank and pump is also negligible when compared to the cost of building a new filling station. In this way the infrastructure to use E85 is put in place gradually as people and business repace aging vehicles and equipment. As our ability to produce ethanol improves, our ability to consume it also improves. By 2020 or so we will have almost completely phased in E85, sharply reducing our need for oil.

    35. Re:Including "innovation" is dangerous. by Clockwork+Apple · · Score: 2, Insightful

      If we convert all the farmland to fuel production for our cars, who will produce the fuel to power our bodies?

      C.

      --
      "Doctor, it's not the voices I hear in MY head, but the voices I hear in YOUR head that really frighten me."
    36. Re:Including "innovation" is dangerous. by Martin+Blank · · Score: 5, Informative

      Where are you going to get the ethanol to make all of this E85? Without some really major changes, the land required for this would be prohibitive. Some back-of-the-envelope numbers from a post I made elsewhere:

      Gasoline consumed by United States annually: 140 billion gallons
      Average energy of gasoline: 114,000 btu per gallon
      Annual energy from gasoline in the United States: 16.0 E+15 btu

      Average energy from ethanol: 76,100 btu per gallon
      Volume of ethanol required to meet gasoline energy needs: 210 billion gallons
      Volume of ethanol per bushel of corn: 2.7 gallons
      Volume of corn required to replace gasoline use: 78 billion bushels
      Volume of corn per area of farmland: 150 bushels per acre
      Volume of ethanol per area of farmland: 410 gallons per acre
      Area required to replace gasoline use: 520 million acres, or 2.1 million km^2

      Total land area of United States: 9,161,000 km^2
      Fraction of land required to meet gasoline energy needs: 23%

      That fraction declines with other, more efficient stocks, but there are sometimes other expenses involved depending on the particular crop. Corn is the most widely-known and -used input, but sugarcane and sugarbeets are also possible. Switchgrass can reportedly yield as much as 1200 gallons per acre (though the energy efficiency is debated) and would thus significantly reduce the area required, but 8% of the country is still almost the size of North and South Dakotas, Nebraska, and Kansas combined.

      To put this in further perspective, according to the CIA World Factbook, the total arable land for the United States is about 18%, so even with switchgrass, nearly half of the arable land would be devoted to fuel use, putting a massive dent in the ability of this nation to feed itself.

      This is for straight ethanol use with no gasoline, but E85 barely dulls the edge of that blade.

      --
      You can never go home again... but I guess you can shop there.
    37. Re:Including "innovation" is dangerous. by Anonymous Coward · · Score: 0

      It's not that I (speaking as a peak oil nutcase) don't think the free market is unable to come up with alternative. It will. There's no doubt.

      There is, however, the matter of converting the entire energy infrastructure of the world.

      Do I trust short-sighted corporations to do it? No, not really. Do I trust them to do it without wrecking the biosphere at the same time? Hardly.

      So it's not that I think the free market isn't capable of doing it - I'd just prefer to fix the problem slightly faster, if possible. I simply don't have faith in the benevolence of a system based on dog-eat-dog.

    38. Re:Including "innovation" is dangerous. by prandal · · Score: 1

      You're exactly right, something always comes along. We should disregard any concerns for an expected shortage in supply in the future, because as history has shown, something will clearly come along.

      Hmm, logical induction. Very dodgy. This is a statement of faith and not at all rational. There is no a priori reason why something should come along.

      It's a bit like arguing that because you've survived the last n days, you'll survive n+1 days, and repeating that EVERY day. One day you're going to be wrong.

      You're expressing one of the great logical fallacies, the "law" of infinite substitutablilty.

    39. Re:Including "innovation" is dangerous. by Maniakes · · Score: 1

      That is true, as far as it goes. But oil is not the only source of energy. Other sources include coal, fission, solar, and geothermal. We've got more coal, a lot more Uranium 235, a heck of a lot more other fissibles (Thorium, U238 that can be bred into Plutonium, etc), and oodles more sunlight and internal heat of the Earth than we have oil.

      It may also possible (IANA Petrochemical Engineer) that more energy efficient means of oil recovery from tar sands will be discovered (and since oil recovery from tar sands is currently cash-profitable without subsidies, I suspect tar sands oil is already energy-profitable) when the cost of oil goes up enough that investing in research in that area becomes worthwhile.

      But none of that will help us when the heat death of the universe happens and there is no more useable energy anywhere.

      --
      A legparnasom tele van angolnaval.
    40. Re:Including "innovation" is dangerous. by MtViewGuy · · Score: 1

      I think another thing that could drastically alter the oil consumption equation is the fact MIT's recent announcement of the development of vastly improved supercapacitor electrical storage units using carbon nanotubes makes electric cars and electric power generation by wind and solar power far more viable. That means potentially dramatically lower need for gasoline and less pressure to use fossil fuels for power generation within the next 20 years.

    41. Re:Including "innovation" is dangerous. by Jeremi · · Score: 1
      So then, the best thing to do is exagerate how bad things are to force people to do what some think needs to be done?


      Nope, the best thing to do is present separate predictions for each likely scenario... "here is what we think will happen if we don't change anything", "here is what we think will happen if we address the problem very aggressively", and maybe some possible in-between scenarios too.


      Come on Slashdotters, there are more than two possible solutions to any problem... so if you don't like a proposed solution, try thinking for a bit and coming up with a better alternative, instead of just slagging the parent poster because you assumed he was advocating the "opposite idea" which is clearly not going to work. If everybody did that, we'd have more interesting discussion and fewer flaming straw men.

      --


      I don't care if it's 90,000 hectares. That lake was not my doing.
    42. Re:Including "innovation" is dangerous. by RevMike · · Score: 1
      If we convert all the farmland to fuel production for our cars, who will produce the fuel to power our bodies?

      We have so much excess farmland that this isn't really an issue. I think that we're using something like only 30% of the very high quality farmland available in the United States. There's plenty of land available, not even including the cases where we use different parts of the same crop for food and fuel, like using corn for food, and corn stalks as a fuel source.

    43. Re:Including "innovation" is dangerous. by gutnor · · Score: 1

      "The environment is pretty screwed, at least for the next century. Humans are not."

      I wonder who suffer the most from screwing the environment. Probably humans ( environment will be alright even if a giant meteorite strikes us and annihilates 90% of life forms like the last time ) . Note that I say suffer as in tons of deads ( shortage of water, pollution, ... ), not extinction. But yes, killing the economy is also bad, and probably means tons of deads aswell.

      Anyway, I get the feeling that this conversation turns more like: if we continue our trend the TFA says we will loose the left leg, and you replied bullshit, that the right leg that we will lose ... Strangely I'm not feeling beter :-)

    44. Re:Including "innovation" is dangerous. by Anonymous Coward · · Score: 0

      The point isn't to imply we won't switch to alternatives -- obviously we will. The points are multiple:

      1) it isn't obvious yet what the best alternative (if there is only one) will be
      2) it almost certainly won't be as cheap as oil is now (in constant dollar terms)
      3) the size of the problem is HUGE if you measure the oil consumption per day and convert to other forms of energy
      4) a smooth transition from oil to ?????whatever is going to be economically challenging, and could precipitate some undesirable political side-effects (read: war) as the current supply dwindles and some countries are more blessed by their geology than others. It could be argued that Iraq is already an example, if not the history of most of the Middle East for the last half-century. Why does the U.S. prop up an oppressive monarchy in Saudi Arabia? I can't quite think it is because they have similar views about liberty, freedom, and democracy.

      People who try to quantify the scope of the challenge do have a poor record of making predictions about the peak of production, mainly because the "demand" side of the equation is almost as notoriously unpredictable as the "supply" side, but no amount of economics gets around the fact there is a finite supply of the stuff we use *now*, and all the numbers show we are consuming it *much* faster than finding new deposits to replace what we use.

      The plans and implementation of an alternative aren't exactly well advanced and on a scale to actually matter much. Ethanol from corn? Yeah, right. Maybe if you have 20x as much corn farming as now, and I'm not sure even that is enough. Hydrogen? Sorry, that's just a transfer medium. You still have to make it using some other energy source. Solar and wind? Don't make me laugh. All of this could be done, and a mix would be good, but only at great cost compared to oil, which will be a big change. The best solution is to attack both sides of the supply:demand problem, rather than thinking only of supply. That'll buy us more time on the cheap stuff until we finally have to resort to something else.

      Will we ramp up alternatives fast enough to compensate for the inevitable decline in conventional oil supply? I don't know. But even in the most generous estimates, I will know within my lifetime, assuming I live to an average age, so I'd be foolish to ignore the problem and hope it all works out on its own, thanks to freshman economics. You can't defy physics and geology: there is only so much in the ground which can be found, and it can be extracted only so fast, yet demand continues to grow a few percent a year. That isn't sustainable forever. This is simple math.

      The timing matters alot. If petroleum supply declines by half over 50 years, I'm sure the economic system could cope fine. If it did the same over a decade, I'm not so sure. The changes would be pretty dramatic and painful if production dropped by a few percent year for 10 years, instead of the current rise. It would be damned inconvenient.

    45. Re:Including "innovation" is dangerous. by Descalzo · · Score: 1
      While we may be foolish to totally disregard concerns for future shortages, it is very reasonable to assume that there will be innovations that will keep up with the crises. How can we assume this so safely? Because past performance is the best predictor of future performance. While not foolproof, it is a reasonable assumption that things will continue as they have. Unless we have evidence that we will experience some sort of virus that will kill the innovation centers of the brain or that something will come up to make innovation unnecessary, we can assume that innovation will continue.

      To hijack your example, I have survived more than 11,600 days, and it is reasonable to assume I will survive 11,601. In fact, I plan on it. I keep making mortgage payments and trying to earn more money, because payday will come, I will still need a house, etc. Of course, I would be foolish to totally disregard concerns of future problems (as I said above). I have life insurance and medical policies, just in case. But the difference in the amount of money I spend on plans to live n+1 days or years compared to the amount of money I spend on plans to die tomorrow shows just how confident I am that I will indeed live to be n+1.

      So you're right, oil is indeed finite. But we have every reason to believe (and none to disbelieve) that innovation will continue quickly enough to keep us alive. But only a fool would bet his life on it.

      --
      I cried real tears when Li Mu Bai died.
    46. Re:Including "innovation" is dangerous. by RevMike · · Score: 1

      Volume of ethanol per area of farmland: 410 gallons per acre
      Area required to replace gasoline use: 520 million acres, or 2.1 million km^2
      Total land area of United States: 9,161,000 km^2
      Fraction of land required to meet gasoline energy needs: 23%

      That fraction declines with other, more efficient stocks, but there are sometimes other expenses involved depending on the particular crop. Corn is the most widely-known and -used input, but sugarcane and sugarbeets are also possible. Switchgrass can reportedly yield as much as 1200 gallons per acre (though the energy efficiency is debated) and would thus significantly reduce the area required, but 8% of the country is still almost the size of North and South Dakotas, Nebraska, and Kansas combined.

      You make several simplifications and assumptions. First of all, the only long running research into ethanol has been done by agri-business involved in the corn industry. Other sources of ethanol are only now beginning to be developed. It is very reasonable to expect that some of the sources will be crops that can grow on land that isn't well suited to growing foodstuffs. Second, that 19% is the amount of land actually under active cultivation, not the amount that could be brought under cultivation. It took me a while to run that down, but look at page 3 of this pdf http://earthtrends.wri.org/pdf_library/country_pro files/agr_cou_840.pdf. Third, you assume that the same land - even the same crop - can't generate both foodstuff and fuel. Think about using cornstalks as a driver for fuel. Fourth, you make the assumption that the yield will remain constant. In only the last few years the yield from corn has gone from 400 g/acre to over 500 g/acre. Some people expect that the yield will rise to 2000 g/acre in the next 20 years. Last, you make the assumption that the inputs will only be crops. Non-agricultural inputs can also be applied. For instance, suburban lawn clippings and leaves.

    47. Re:Including "innovation" is dangerous. by Anonymous Coward · · Score: 0

      Sure and sure. BUT, don't forget that there's a big difference between fairly clean oil that bubbles out of the ground by itself and thick, hard to get, sulfurous goo that likes to stay put. We can use tar sands and oil shale and what have you, but we have to work harder to get it. That still means energy goes up in price. The important consideration is the energy spent to get the oil versus the energy recovered. It used to be 1:100. Now it is around 1:30 and going down...We can develop whatever tech we want, but there's no easy replacement for millions of years of sunshine stored in the ground in liquid form.

      What we need to worry about is the speed of tech development to replace oil vs. the speed of oil supply diminishment. If we don't develop new tech fast enough, we may be forced to take a step back and live more simple lives than we do today.

      Which means we better get crackin' cuz I don't wanna live like a smelly hippy.

      J

    48. Re:Including "innovation" is dangerous. by Jeremi · · Score: 1
      You're expressing one of the great logical fallacies, the "law" of infinite substitutablilty.


      Actually, he was expressing sarcasm. I suspect his underlying message and your explicit one are identical.

      --


      I don't care if it's 90,000 hectares. That lake was not my doing.
    49. Re:Including "innovation" is dangerous. by Jeremi · · Score: 1
      And the thing is, I don't accept that there's a peak of petroleum. Heck, if it came down to it, we could make petroleum from[...]


      Being able to show a proof of principle in a lab is completely different from being able to run the world on that technology. Being able to synthesize oil for $500 per barrel means that in the end-game, oil will cost at least $500 per barrel. And that is the problem. If you come up with a way to synthesize oil so that it doesn't cost (an order of magnitude) more than what oil currently costs to dig out of the ground, let me know, I will want to invest :^)

      --


      I don't care if it's 90,000 hectares. That lake was not my doing.
    50. Re:Including "innovation" is dangerous. by Sj0 · · Score: 1

      You make an interesting and arti-- IT'S A LIBERAL! LET'S GET 'IM, GUYS! ...

      Oh yeah. It's the Internet. I can't do that.

      --
      It's been a long time.
    51. Re:Including "innovation" is dangerous. by snarkth · · Score: 1

      Or hemp, which grows practically everywhere.

        Or did, once upon a time. Hell, once upon a time it was a crop necessary to the military.

        Perhaps we should plant all our interstate ditches with hemp. The infrastructure to cultivate it is more or less already there, in the form of mowing and maintenance machinery, no? I wonder how much of a dent in fuel costs that would make?

        (Yeah, it's an out-of-my-ass idea. That's why I'm flinging it out. )

        *snark*

    52. Re:Including "innovation" is dangerous. by Martin+Blank · · Score: 2, Interesting

      First of all, the only long running research into ethanol has been done by agri-business involved in the corn industry.

      Agreed, and there are now more players involved, some of them with billions to spend. There is some promise of improvement, but there are questions as to how efficient the overall processes will be, especially with cellulosic conversion. Many pin their hopes on that process, but so far it's extremely inefficient.

      Second, that 19% is the amount of land actually under active cultivation, not the amount that could be brought under cultivation.

      This is true, and a more useful number would be the amount of land that cannot be cultivated. Much of the Rocky Mountains, for example, are useless for growing ethanol feedstock. So are most of Alaska and large parts of Florida. I would venture that most of New Jersey is also not ideal, given the commercial density there. When defining "arable" as "that which can be farmed" instead of "that which is farmed," the number grows. By how much it grows is the crucial point.

      Third, you assume that the same land - even the same crop - can't generate both foodstuff and fuel. Think about using cornstalks as a driver for fuel.

      As above, this is a cellulosic conversion concern. Perhaps thermal depolymerization will assist here, but for now, it's still a research concern. Once it can be overcome, there is no shortage of energy sources, and there may actually be a need to restrain some people.

      Fourth, you make the assumption that the yield will remain constant. In only the last few years the yield from corn has gone from 400 g/acre to over 500 g/acre.

      I did say that they were back-of-the-envelope. At the same time, you can't count completely on future increases. It may be possible to reach 2000g/acre, but is there a certainty? Not really. You have to work with what you have and what is realistic, or else you oversell, and that can be worse than not selling at all.

      Last, you make the assumption that the inputs will only be crops. Non-agricultural inputs can also be applied. For instance, suburban lawn clippings and leaves.

      See cellulosic concerns. :)

      --
      You can never go home again... but I guess you can shop there.
    53. Re:Including "innovation" is dangerous. by Anonymous Coward · · Score: 0

      However, what the recent events have shown us is that regardless of the sources, the relatively inelastic demand for oil can produce major price shocks with huge detriments to the economy.

      Actually, one of the surprising things is that the oil price jumps in 2006 did not have nearly as much effect on the economy as was expected, especially as compared to the 1970s.

      To some extent that may have been because corporate strategists knew that this particular bump would be fairly temporary, and so no drastic changes had to be made. But I think a lot of the difference is that the US has shifted from manufacturing to a service-oriented economy.

    54. Re:Including "innovation" is dangerous. by HiThere · · Score: 1

      One limit to the price level is the price at which it becomes economic to extract oil from oil shales. I believe that we're currently just below that level, and that may be WHY we're just below that level.

      Of course, the countries that have lots of oil shale (US, Canada, etc.) aren't going to invest in developing refineries as long as their prices can be undercut at any point...so prices can raise above that "insurance level" for brief periods...say six months or a year. Possibly even two years as long as the prices keep fluctuating.

      Naturally this is all distorted by politics. (Surprise!)

      OTOH, the CO2 level keeps rising...and using oil shales will just make things worse, because a lot of energy is used in extracting and cracking them.

      It is seriously possible that fast breeder reactors are necessary. I don't know. If anyone does know, I'm sure their knowledge is classified.

      OTTH, the tax subsidy of fuel inefficient vehicles should be stopped immediately, and be replaced by a "excessive use of carbon" tax. I'm thinking SUVs here. Don't say you need one, I'm not saying outlaw them. I'm saying, "If you need this destructive vehicle, be prepared to pay extra for it." What should be subsidized is cars that get over 40 MPG. Tthis should increase with time...but slowly. We don't yet know the total environmental cost of a hybrid. How long *will* the batteries last? What is it's REAL gas mileage as it ages? etc. And each vehicle design is slightly different, so global rules will tend to be incorrect.

      Perhaps the sane thing to do would be to repeal all other taxes and replace them by increased taxes on gas/diesel/etc. (Which would NOT be strictly for vehicles. Cooking and electric generation would need to be included.)

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    55. Re:Including "innovation" is dangerous. by f1055man · · Score: 1

      I really hate these discussions, but I can't resist.
      As a few others have noted, the peak oil theorists can be wrong and we can still be fooked (the only real debate is when, 2007-2030). A billion Chinese, a billion Indians, all wanting to live the Western way and it takes massive increases in capacity to just keep the price of oil stable. I'm not a big protector of the ANWR, but consider that that huge oil field has enough oil to sate just the United States' appetite for oil for 6 months. Just how much oil is left is big question, as we don't even know current reserves (OPEC national quotas are determined by reserves, thus incentive to lie). But we do know that there aren't any Saudi Arabias left. Over the past year or two, a field in the Gulf of Mexico has been confirmed to have 10billion barrelshttp://news.bbc.co.uk/2/hi/americas/4808466 .stm. In 2003,the Saudis claimed reserves of 240 billion. The press likes to trot out big numbers like 10 billion, without mentioning that world daily consumption is also a huge and growing number: 85 million barrels.
      I don't have most everyone else's faith that a solution will come a long. Our current options suck. Ethanol, at least when using corn as a feedstock, is dubious at best as the debate still rages whether or not it's energy positive. Biodiesel from vegetable oil, while quickly becoming economical, would result in severe environmental damage. Biodiesel from algae stock is feasible and far more productive than other sources, but is still many years off. It also suffers from the fact that there are no current major stakeholders that would benefit from its development.(coal powered) Electric cars are an option, but a lousy one due to range and other considerations.
      All the current and forseeable options are scientific advances, but not economic advances. They are all less productive than cheap oil. Previous societal and technological changes in human history have tended to be because we found something better. This time we're downgrading, and because we depend so heavily on oil, it wont be pretty.
      I live in Washington, DC. I see ads for houses out in West Virginia. Some people, probably some of you, have a 4 hour daily commute. $5-10 dollar gasoline/ethanol/biodiesel makes those mcmansions worthless. Not only personally devastating, but devastating to our capital infrastructure. We lose current capital investments and we need to make entire new ones, like public transit and denser cities, just to keep things functioning. Whether its 2007 or 2030, I'm probably going to see it. Kind of worrisome, but also incredibly interesting as an engineer/scientist/nerd.

    56. Re:Including "innovation" is dangerous. by FreakWent · · Score: 2, Insightful

      Well,

      What happens when demand from the wealthy is strong enough for a commodity in short supply? We use around 85 milllion barrels a day, so suppose china and the USA and western europe and India are all willing and capable to buy all that at, say, $150 a barrel (just pretend...)

      This means that all the countries that just can't afford that price, perhaps easter europe, Africa, souther asia and so on, don't get any oil.

      This means that people starve and die, which in turn means millions of refugees. Does economics propose that people in the west then pay a premium to these people to stay where they are, or do we just shoot them?

      I suspect that there is more to this than you think.

    57. Re:Including "innovation" is dangerous. by tre4lien · · Score: 1

      I am interested in finding out what metrics this is based on.
      I've never heard this position before.

      It's counter-intuitive, to say the least! I'm a pilot, and am constantly dismayed by the overwhelming dominance of "human" ecosystems over "natural" ones... but I do recognise that this is exaggreated by the fact that I live in central Canada and see it's landscape more than most.

      I would be pleased to find out that my observations have been wrong.

      ...for God's sake, please don't tell me you meant that we have already used 30% of all of the arable cropland... I think I'd start my own SUV-burning crusade if it were that bad!

    58. Re:Including "innovation" is dangerous. by Scareduck · · Score: 1

      You'll notice that peak oil theorists almost always point to Hubbard. I had someone comment on a blog of mine at some point that Campbell, Laherriere, etc. may have been Hubbert's intellectual descendents, but they are not his equal.

      --

      Dog is my co-pilot.

    59. Re:Including "innovation" is dangerous. by Perdo · · Score: 2, Informative

      "We could easily do a 70-80% replacement of petroleum as a motor fuel source in only 10 years based n bio-fuels like ethanol and bio-diesel."

      USA centric figures:

      Easily? So how much bio-diesel can you get from an acre of land? Well, if all the vegetable oil you used was post-consumer, oil from deep fat fryers and the like, you could replace about 15% of the required diesel, or about 3% of our total energy needs for transportation.

      If you converted every arable acre of land to oil production, rape seed (canola) has the highest oil per acre figure, and used modern fertilizers and industrial farming, then we could meet 80-95% of our diesel requirement, or about 20% at best of our total transportation energy needs.

      All fertilizers are made from natural gas. A resource that is in decline in North America.

      Currently in fact, we use 8 calories of fossil fuel energy to produce 1 calorie of food energy.

      SO, the actual amount of oil you can get from farming, especially when you can't afford to fertilize the ground, or use energy intensive industrial farming methods will likely only provide at best 10% of our transportation energy needs, and only if we decide not to grow any food.

      The figures for sawgrass, the best source for ethanol, are much worse.

      And where do your plastics come from?

      Lubricants? Pharmaceuticals? Catalysts such as sodium hydroxide or potassium hydroxide used for biodiesel production?

      Easy?

      As natural gas becomes scarce, where does your food come from? Argentina? Tomatoes all year around shipped to you in what kind of ship? Sail powered?

      And your consumer goods from China? That's going to be easy when we are in a contest with China over the last remaining oil reserves. No more Nikes, iPods, computers, toilet seats, Walmart, Target, Kmart, Home Depot, Safeway, Bed Bath & Beyond, Pfizer, Comp USA, Best Buy...

      What? Made in China.

      We have not left oil because it is HARD.

      Oil is leaving us. It is going to be HARD.

      And without the political will... It's not going to happen.

      You are going to starve to death within 15 years. That is EASY. Just stop eating.

      --

      If voting were effective, it would be illegal by now.

    60. Re:Including "innovation" is dangerous. by dido · · Score: 1

      And how much petroleum energy input in the form of fertilizers, pesticides, the energy needed to drive irrigation systems, and the like is needed to even allow the 30% of the supposed arable land in the United States to have the level of productivity it has? It's not like a significant percentage of it uses organic farming techniques that don't require those kinds of external energy inputs ultimately derived from petroleum. Last time I checked, nearly all of it does, and even if it did, you'd run into other problems as well. Remember that it's not just land you need, but also water. One reason why the other 70% of possible farmland isn't used as such is that there isn't enough water to do it. Fully 85% of all the US freshwater resources are already used for agriculture and as it is these are already being depleted at unsustainable rates. Increasing land use as you suggest would hasten the looming water crisis.

      No, I'm afraid that we'll need to accept the fact that it will be necessary to abandon the personal automobile, easy air travel, and the many other perks that we all have gotten used to that depend on cheap oil.

      --
      Qu'on me donne six lignes écrites de la main du plus honnête homme, j'y trouverai de quoi le faire pendre.
    61. Re:Including "innovation" is dangerous. by randmairs · · Score: 1

      I would not be so sanguine about "This peak oil fearmongering is just silly." Here are some points to consider:

      1.) We are still using 6 barrels of oil for every barrel that is found and it is getting worse.

      2.) The tar sands require a lot of natural gas. Lee Raymond, ex-CEO of Exxon-Mobile thinks we may have peaked in natural gas production in North America (http://www.pastpeak.com/archives/2005/06/exxon_na tural_g.htm, http://www.energy.ca.gov/naturalgas/documents/2005 -04-19_WIEB_workshop/Dave%20M-Overview.ppt - slide 23). This means that we will have to import ever increasing amounts of LNG from the Middle East. This puts us at a strategic and economic disadvantage.

      3.) In the mid 1980's, OPEC decided based their quotas on proved reserves (Ref:http://www.theoildrum.com/storyonly/2006/3/1/ 3402/63420). These are the reserves that you are very confident that are in the ground. Saudi Arabia went from around 170GB to 261GB. Kuwait went from 67GB to 99GB. Recently, Kuwait announced that their biggest field, Burgan was in decline. The Oil Minister was called in by the Kuwaiti Parliament and asked if they had 99GB or 48GB in the ground. The Kuwaitis believed their inflated numbers!!!! A similar question is being asked of the Saudis with regards to Ghawar and their other gigantic, but very aged, oil fields. Recent leaks of graphs concerning Ghawar do not bode well. Ghawar at its peak was prodcuing 5.4 Mbpd. Recently, the official estimates are down in the 4.x range.

      4.) With regard to my statements in 3, the National Geographic published an article entitled: The End of Cheap Oil. On page 92 was a graph of orange boxes showing the oil reserves from around the world (Ref: http://magma.nationalgeographic.com/ngm/0406/featu re5/). The squares represent the sizes of the oil fields ***when they were full.*** You'll note that National Geo used the inflated OPEC numbers...

      5.) The Oil Shale of Colorado should be called Wax Shale for a better descriptive title to the actual consistency of the hydrocarbon. When oil gets expensive enough to actual make the Wax Shales profitable, we will be in a world of financial hurt.

      6.) Yes Venezuela is sitting on top of some really large deposits of heavy crude/bitumen. This is expensive to refine. Projections are for it to grow at a 3% rate from a base of 600kbpd until 2015 and then it forecast to start to decline.

      7.) Where are we exploring for more oil? The high artic, near Greenland, deep oceans, and there is talk of exploring in Antartica. The only place we have not thought about exploring for oil is the moon. The National Geo was right in its title. This is the end of **cheap** oil.


      We could argue all we want to about how much oil is left and when the world will peak in production. The problem is that demand is increasing into a supply that is getting harder and harder to find and extract. Meanwhile, the results of using fossil fuels is contributing to wide spread climate change and environmental damage. We need to abandon use of fossil fuels and concentrate on using and developing alternatives.

      My money is on: 1.) solar cells (http://www.trnmag.com/Stories/2004/051904/Solar_c rystals_get_2-for-1_051904.html),

      2.) long life batteries (http://www.evworld.com/view.cfm?section=communiqu e&newsid=10734), and

      3.) fun EVs to drive (http://www.teslamotors.com/index.php?js_enabled=1 ). Note that a "100 mile pack" capable of 9,000 cycles is 900,000 miles of driving. That's about a human life time of driving...

    62. Re:Including "innovation" is dangerous. by QuoteMstr · · Score: 1

      *sigh*

      There is no need for self-flagellation here. Too often, I see peak oil types tying alternate energy to the end of the Western lifestyle. That need not be the case, and by doing so, you diminish support for alterative energy entirely. As a society, we have chosen to live in suburbs, commute with automobiles, and fly airplanes around the world. If you don't approve of that lifestyle, you need not participate. But that issue has nothing to do with alternative energy. Energy is fungible. If we can generate power, we can take an energy loss making it useful for other purposes (e.g., transportation). Nuclear power can provide for all our energy needs and then some, all without giving up our way of life. We'll have to replace equipment to allow cars, planes and so on to run on some synthetic fuel, but that's an implementation detail; the basic concept need not change.

      Given a choice between nuclear power and reverting to a 19th century lifestyle, I believe people will easily choose nuclear power, every time. And that's a good thing.

    63. Re:Including "innovation" is dangerous. by mcrbids · · Score: 1

      The guy has trouble being right. In addition to being continually proven wrong about the discovery of large new oil fields (which keep turning up -- not to mention old fields unexpectedly finding new life) and the rates at which existing fields will produce, every few years he pushes back his predicted peak.

      Fossil Fuels are doomed. Nobody questions whether we'll eventually run out. It's commodity of a fixed amount. Unlike metals and/or many other materials, you can't even recycle it. And it's use is causing serious ecological damage. Even an organization with no interest in doing so like the Bush Administration has had to begrudgingly admit the truth of this.

      The real question is: how fast can we advance technology to provide alternate, CLEAN sources of energy, and can we do it in time to save our silly necks?

      --
      I have no problem with your religion until you decide it's reason to deprive others of the truth.
    64. Re:Including "innovation" is dangerous. by Anonymous Coward · · Score: 0

      While an increase in price does open alternative sources, bringing those on-line is quite time consuming, and as another poster mentioned, the energy expended to extract from these sources are almost as much as the net energy extracted. Return on energy (ROE) for an oil field like al-ghawar is around 30:1; for the oil sands it's about 3:2.

      I agree that "peak oil" can get extremist and predict the end of all oil. That's not a strong fear, partially for the reasons you mentioned.

      What will most certainly happen soon, however, is that oil will get expensive. Maybe to the equivalent of $200/bbl. That will affect many countries of the world, some even quite dramatically. America, however, will breakdown. No other country is so heavily dependent on oil just to function at a basic level. It is too in debt to borrow its way into alternative energy, and if the economists are right and a large economic slump is looming, it will simply not be able to manage day-to-day activities. It will breakdown. (The only alternative is, of course, if it can secure enough resources that would deliver for $0/bbl.)

    65. Re:Including "innovation" is dangerous. by maop · · Score: 1

      What law of economics says that the transition to an alterative fuel will be smooth, there will be no turmoil, and no one will die?

    66. Re:Including "innovation" is dangerous. by rbarreira · · Score: 1
      engineer/scientist/nerd

      If you want to help save some oil, stop being redundant in your sentences!
      --

      The AACS key is NOT 0xF606EEFD628B1CA427BEA93A9CA9773F
    67. Re:Including "innovation" is dangerous. by Squalish · · Score: 1

      Oil shales are interesting, but they're damn hard to work with - the pre-oil substance (kerogen) is in impermeable rock. The best developments so far try to freeze ice walls around a volume of land, and then heat the center for a period of months to liquify the waxy substance. Then they need to extract it via pumping or crushing. THEN they get to the business of upgrading it to actual oil. This is hard, high-loss work.

      Harder to extract energy resources are unique natural commodities in that they have a definite floor to feasability - a return on invested energy of 1. Some oil shales dip below that, I'm told some don't.

      On breeders: Nuclear power is amazingly insensitive to uranium prices. Breeders become cost effective at something like $500-$1000/lb. Furthermore, we have quite a lot of low quality uranium deposits, enough for millenia at current technology/consumption levels, before ROIE comes anywhere close to 1. I favor breeders because uranium mining is ecologically damaging, and there can be much, much less waste to deal with, but they're not strictly needed as the uranium mining industry is revived (as the reactors wean themselves off warheads and scrapped warhead stockpiles).

      I'm all for increased fuel taxes - my system involves paying $1 per the carbon content of 1 gallon gasoline equivalent, $1 per the depletion prospects of 1 gallon gasoline equivalent, and $1 per the percent imported energy of 1 gallon gasoline equivalent. This provides a floor for alternative energy research which guarentees a 20 year project won't be shut down because of some 6 month commodities shift.

      Some plans put this into a fund and return it to taxpayers at a flat rate - which is HIGHLY preferable as a means of communicating fossil fuel externalities to any kind of quota system. I favor shifting the income tax brackets further downward, to the point where one or two may go negative. Or dumping the whole sum into alternative energy research, which equates to about a Manhatten Project a year, or 5.2 Clinton Libraries per Fortnight.

      --
      People in Soviet Russia, however, appear to be afflicted with amusing juxtapositions of the aforementioned situation
    68. Re:Including "innovation" is dangerous. by Squalish · · Score: 1

      This is being done now. CAFE standards allow manufacturers to cheat - a flexfuel car's CAFE contribution averages how much gasoline it uses in gasoline mode, and how much gasoline it has to use in ethanol mode. So a gasoline / E100 car automatically has double fuel efficiency, even if not a drop of ethanol hits the gas tank. As expected, they're beginning to jump on it.

      The problem with ethanol isn't conversion (which in most cases is a software matter of timing changes and trivial construction differences), it's that it's nowhere near scalable enough (and too low ROIE), even considering cellulosic potential, to make up a significant chunk of current car fuel usage.

      Farmed biodiesel is somewhat better (is much easier to produce, has a much higher ROIE, drop-in replacement for petrodiesel, lower maintenance engines), but it's also not scalable enough.

      Algal biodiesel is the only biofuel promising adequate everything, but it's still in its infancy.

      --
      People in Soviet Russia, however, appear to be afflicted with amusing juxtapositions of the aforementioned situation
    69. Re:Including "innovation" is dangerous. by polar+red · · Score: 1

      But only a fool would bet his life on it.
        That's the core of the problem: we have to many fools.

      --
      Yes, I'm left. You have a problem with that?
    70. Re:Including "innovation" is dangerous. by polar+red · · Score: 1

      read the article on wind power on wikipedia (especially the part on cost): http://en.wikipedia.org/wiki/Wind_power : this means that the largest hurdle to be taken to switch to alternative power generation is battery technology ... which could be solved with this supercapacitator tech.

      --
      Yes, I'm left. You have a problem with that?
    71. Re:Including "innovation" is dangerous. by kabocox · · Score: 1

      If you assume that we'll start using more efficient cars in the future, and take that into consideration when making your graph/paper/prediction/whatever, then it might make the looming crisis look less severe, meaning that people won't actually start using more efficient cars ... and the crisis ends up being worse.

      What are you talking about? We humans are all stupid. We'd ignore most cries of doom until the day after the event. When the price for a gallon of gas becomes $20-30 a gallon, over about 5-10 years then it'll be too late. Hardly anyone could afford gas then. We'd see people buy bikes and then see masses of people die from actually excerising for the first couple of months. I've honestly thought of how difficult/possible that it would be for me to daily ride a bike the round trip of 20 miles or so that I make. I've come that it should be possible, but it's not within my current abilities. I can't afford a new energy efficient car. I just got a deal of a car for $2000 from a relative. It gets about 16 mpg in the town. I'd love to be able t afford 30-50 mpg in town vehicle, but I most of the lower middle class don't have that kind of income. Heck, I'd never be able to afford "new" car prices. It's not that I don't want to do anything. It's just that the only things that fall within my personal price range are replacing lightblubs and other "little" factors like that. That's why it makes me excited that Wal-mart is going to actually pay lip service to the environmental movement over the next 2-3 years if it shows to be profitable and good PR. The liberals and others that hate Walmart just cause hating Walmart is a cool thing to do within their group forget that the masses that shop at Walmart can't afford any of the envirnomentally correct solutions that they've seen. If the product shows up at Walmart, it will be within a price range I and others can actually afford to buy. Economic environmentalism could be a good long term thing if it actually works. I just hope it works better than the made in the US deal.

    72. Re:Including "innovation" is dangerous. by aevans · · Score: 1

      Brasil may "practically" run on ethanol, but in actuality, they run (to a limited and decreasing degree) on pure gasoline. Brasil would potentially like to be a market for producers ethanol additives to gasoline, and they've got a good case with sugar cane giving higher yeilds for ethanol production than corn. In short, they want to sell more sugar, though it's really an unsustainable crop; but hey, they've got lots of jungle to cut down and burn still. I think ethanol from sugar-cane is a good idea. Most ethanol in use today is used in the USA. And it's for air quality (smog reduction) reasons, not to preserve oil. Ethanol is more expensive than oil, but 10-15% ethanol in gasoline helps reduce visible exhaust gases (smog.)

    73. Re:Including "innovation" is dangerous. by somersault · · Score: 1

      *takes out a patent for a fully prosthetic body that runs on biodiesel, with images from Ghost in the Shell and Bicentennial Man as proof*

      --
      which is totally what she said
    74. Re:Including "innovation" is dangerous. by aevans · · Score: 1

      The environment is screwed because of countries, particularly in Asia, Africa, and South America that have rapidly growing populations, but their economies are screwed. If India or China could attain American economic levels, their environmental impact would vastly decrease. The solution to poor environments is rich economies which will limit the major environmental problems such as massive wood and (unfiltered) coal burning, slash and burn agriculture, over-fishing and hunting, inefficient internal combustion engines, raw waste dumping, etc.

      If everywhere were as rich as the USA, even though it would vastly increase the total amount of energy and land use, the negative impact would be less.

    75. Re:Including "innovation" is dangerous. by Alioth · · Score: 1

      You don't need fertilizers etc. Making ethanol from corn is a stupid way of ethanol - that's why the US government is funding research into this:
      http://en.wikipedia.org/wiki/Cellulosic_ethanol

      You can use farm waste, weeds, any cellulose source. Plenty of plants grow vigorously without fertilizer.

    76. Re:Including "innovation" is dangerous. by aevans · · Score: 1

      Actually, there may not be a price at which extracting oil from tar sands, synthesizing oil, or producing ethanol makes sense. All of these are done now with existing surplus energy from the light sweet crude (and coal, natural gas, uranium, and hydroelectric) we already have.

    77. Re:Including "innovation" is dangerous. by aevans · · Score: 1

      Having more oil than Saudi Arabia is meaningless if you have to use 70% of it just refining the next lot Not if you have more than 3 times as much. At three times as much, you can use 66% of your extracted oil to continue extraction, and you'd still produce more than Saudi Arabia.

    78. Re:Including "innovation" is dangerous. by Impy+the+Impiuos+Imp · · Score: 1

      > . The world cannot produce as much oil as it used to at a given
      > price, while the consumers of the world want more oil today
      > (at yesterday's price) than they bought yesterday.

      Which is why the price is only just now getting to a point where investment in ethanol factories is getting to be worthwhile, and conversion to ethanol vehicles desirable by consumers.

      And we're still way less than European, government-inflated gasoline prices.

      Julian's theories, working as planned

      Fear the government intervention to "save you", don't fear the free market.

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    79. Re:Including "innovation" is dangerous. by Impy+the+Impiuos+Imp · · Score: 1

      Boy! Your system sounds awesome! It's as if a free market economy was total crap compared to systems of massive government intervention.

      If'n only we'd'a just come out of, oh, I don't know, a century of hundreds of different economic "experiments" demonstrating government intervention caused greater shortages in commodities and products than doing nothing in an otherwise free economy.

      Golly!

      There's an old saying, If it ain't broke, don't fix it.

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    80. Re:Including "innovation" is dangerous. by Impy+the+Impiuos+Imp · · Score: 1

      > We have not left oil because it is HARD.

      Correction: It is not economically feasible yet. Your gas-guzzler in your garage will run fine on ethanol or LPG with a few tweaks. There's nothing hard about it in any scientific sense.

      > Oil is leaving us. It is going to be HARD.

      If by "hard" you mean high gas prices in the US this year have driven an explosion in industrial-sized ethanol plants in the US. Sounds like the free market is working as intended, no government intervention or subsidies needed.

      BTW, it was gas prices considerably cheaper than European, government-mandated high prices, even of a few years ago, that have driven this.

      > And without the political will... It's not going to happen.

      No political will necessary -- just pure, natural greed and the government getting out of the way.

      It's sad that it takes "shortages" like this to get the government to brush aside environmental laws standing in the way of new power plants, purification plants, etc. But that's a different issue. The economy doesn't care how good your intentions are with your government intervention -- the baby cries when stuck by the immunization needle.

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    81. Re:Including "innovation" is dangerous. by Impy+the+Impiuos+Imp · · Score: 1
      Other sources of ethanol are only now beginning to be developed. It is very reasonable to expect that some of the sources will be crops that can grow on land that isn't well suited to growing foodstuffs. Second, that 19% is the amount of land actually under active cultivation, not the amount that could be brought under cultivation. It took me a while to run that down, but look at page 3 of this pdf http://earthtrends.wri.org/pdf_library/country_pro files/agr_cou_840.pdf [wri.org]. Third, you assume that the same land - even the same crop - can't generate both foodstuff and fuel. Think about using cornstalks as a driver for fuel. Fourth, you make the assumption that the yield will remain constant. In only the last few years the yield from corn has gone from 400 g/acre to over 500 g/acre. Some people expect that the yield will rise to 2000 g/acre in the next 20 years. Last, you make the assumption that the inputs will only be crops. Non-agricultural inputs can also be applied. For instance, suburban lawn clippings and leaves.


      This is exactly why Julian Simon destroyed those who see the solution as government intervention. There are thousands of engineers, businessmen, and scientists working on the problem at every possible step of it, from cheaper oil (new mining, new searching techniques, artificial production) to new fuels (ethanol, LPG, electricity, fuel cells, Mr. Fusion), to totally new engine types, to who knows what else.

      The intellectual power working to solve it greatly outweighs temporary shortages (as measured by price increases in an otherwise free market) and the counter-intuitive result is that the situation repairs itself, while government regulation and even rationing just yields more shortages.

      Imagine the idiocy of a "BTU" tax -- it would penalize newer forms of energy production that produced more for less cost -- and thus would yield the opposite effect as to what is intended.

      It's similar to the old wive's tale that Congress was gonna tax data transfer based on # of bytes -- you'd end up with a purely text-only internet, as a 30 cent email would turn into a $5 billion charge for downloading a movie.

      There are sometimes shortages of RAM chips, of new processors, etc. I don't see any of the computer nerds around here clamoring for a government takeover of the design and manufacture of new computer chips.

      A wise man once noted that nobody signs up for "holistic muffler repair" or "alternative medicine Boing 747 mechanical maintenance" -- people know crap when they see it.

      So who's with me, fellas? Government rationing and granting and directing research into new ways to produce computer chips?

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    82. Re:Including "innovation" is dangerous. by Squalish · · Score: 1

      It's breaking - very obviously for anyone who cares to listen. We can either let it shatter all at once and potentially cause a die-off of those who can't survive without daily imported oil, or work HARD at trying to replace it. WW2-war-effort hard. We're trying to put together a massive paradigm shift from techniques we've been ever more dependant on since the beginning of the Industrial Revolution. It's not a coincidence that it gets written off as a cult - because a decent portion of peak oil researchers get to a point where they conclude that there is no reasonable way forward, and they should buy secure rural compounds and stockpile food. The rest of us (optimists, let's call us) think there's a chance that the alarm can be sounded before the country's on fire, if we're loud, intelligent, and persuasive enough. Oil goes into nearly everything you do, eat, or use.

      It's hardly a 'free market,' unsteered by government - trillions have been poured into roads, oil wars + warriors, bankruptsy bailouts, all on your dime. Oil is a fulcrum that destroys superpowers(as the USSR found out). Much of it is controlled by governments which interact with us on a diplomatic level. We've proven that we don't have the balls to wage an all-out war over oil supplies - we can either keep pretending that the Carter Doctrine (and US military superiority) applies to 4th generation warfare (and move slowly through WW3 without a drop of oil to show for it), or we can develop alternatives. Now. High taxes allow us to use the good aspects of a competitive market - rational actors (as opposed to emotional, uninformed politicians with an eye for PR) don't end up exploring a negative ROIE corn ethanol strategy. Or an impossible and pointless hydrogen strategy. Competitive markets actively seek any solutions to a problem, rather than fixating on one solution and holding commitees for 20 years on whether Indiana deserves to lose jobs because its fuel-producing pilot plant is a deadend technology.

      --
      People in Soviet Russia, however, appear to be afflicted with amusing juxtapositions of the aforementioned situation
    83. Re:Including "innovation" is dangerous. by triffid_98 · · Score: 1
      The US already subsidizes cars that get high mileage. CAFE mileage standards dictate that any given car manufacturer must achieve an EPA rated 27.5 mpg for it's fleet in any given year or face stiff penalties. This only applies to cars, for trucks, the bar is set much lower (21.6mpg).

      This means that for every Escalade (18.5) GM sells they need to make up the mileage difference (21.6-18.5=3.1) in Metros/Cavaliers/Aveo's. Since those cars aren't very desireable, they do it at a net loss.

      Incidentally, CAFE standards also explain the vast proliferation of SUV's and Minivans. Since those vehicles are classified as trucks, they qualify for the lower mileage standards, thereby requiring less Aveos to be dumped on the market. Traditional estate/wagons would be more efficient, but since they must meet the car (27.5) mpg standards there is zero incentive to produce them.

      There's also the fun fact that EPA estimates are complete BS, and for hybrids doubly so. If you floor the accelerator you are not getting anywhere near 40 MPG from your Toyota Prius, but EPA tests assume only gradual changes in speed. For many newer cars real world MPG and EPA MPG are off by at least 30%, and for hybrids I'd say closer to 50%.
      destructive vehicle, be prepared to pay extra for it." What should be subsidized is cars that get over 40 MPG. Tthis should increase with time...but slowly. We don't yet know the total environmental cost of a hybrid. How long *will* the batteries last? What is it's REAL gas mileage as it ages? etc. And each vehicle design is slightly different, so global rules will tend to be incorrect.
    84. Re:Including "innovation" is dangerous. by BluedemonX · · Score: 1

      Why ethanol?

      Make butanol out of the same stock (butanol.org) and you can run it in a pre-existing vehicle.

      --

      --- Jump!! Fire!! Bullet time!! - Lego version of the Matrix
    85. Re:Including "innovation" is dangerous. by BluedemonX · · Score: 1

      Butanol gives you double the BTU per gallon. Start there. As for feedstock, we gots ourselves a lot of garbage, and who says we need to use "arable" land?

      --

      --- Jump!! Fire!! Bullet time!! - Lego version of the Matrix
    86. Re:Including "innovation" is dangerous. by Rei · · Score: 1

      We are still using 6 barrels of oil for every barrel that is found and it is getting worse.

      Cite? Last year, Iran found a field that had the world's consumption for over a year in reserves. Now this year we get that huge gulf field.

      Of course, that's irrelevant to the argument in my parent post.

      2.) The tar sands require a lot of natural gas.

      Close. The tar sands require a lot of *energy*, although less than comes out. Currently it's supplied by LNG, since it's cheap. Worst case, they switch to the oil that they produce, so long as the ratio remains >1. Coal is also an option.

      3 & 4

      Yes, some of the arab nations are playing loose with figures to attract investor confidence. That doesn't change any of the points that I made in my original post. I could easily add that some nations, like Iran, have hardly been explored since the '70s.

      5.) The Oil Shale of Colorado should be called Wax Shale for a better descriptive title to the actual consistency of the hydrocarbon. When oil gets expensive enough to actual make the Wax Shales profitable, we will be in a world of financial hurt.

      Shell disagrees, and is pouring money into it. Hmm, lets see. You versus Shell. Who to believe about the economics of a particular type of oil extraction . . .

      6.) Yes Venezuela is sitting on top of some really large deposits of heavy crude/bitumen.

      But profitable at current prices. 90% of the very heavy crude in the world is in Venezuela. All of those graphs that you've seen that point out "known reserves" are based on a baseline of about $30 a barrel. The higher prices go, the more reserves grow -- not linearly, but geometrically. Venezuela gains the most with current prices. Canada with even higher prices.

      7.) Where are we exploring for more oil? The high artic, near Greenland, deep oceans, and there is talk of exploring in Antartica.

      Among many other places. Yep, though -- global warming sure makes things in the cold places cheaper.

      We could argue all we want to about how much oil is left and when the world will peak in production

      I disagree that the world *will* peak in production until demand falls off, as mentioned previously, because of the existence of alternative methods of producing petroleum that are already cost-effective. It comes down to: if we have power, of any sort, we can make fuel. Absolute worst case, electrolysis + Bosch reaction + partial combustion plus Fischer-Tropsh process. Are you predicting "peak power"?

      --
      Pinkypants -- my favorite!
    87. Re:Including "innovation" is dangerous. by 808140 · · Score: 1

      But you see, that's exactly his point. If the price of oil is 70 dollars per barrel, then the reserves or methodologies that cost 80 dollars per barrel are not viable. But the more money you're willing to throw at the problem, the more possible cost-effective solutions there are.

      The main reason that demand for oil is so price-inelastic is because much of our infrastructure is dependent on oil, and because of that, it makes more sense to absorb an increase in cost than to replace said infrastructure. But this cannot go on forever. When oil costs 500 dollars per barrel, you can bet that we won't be using oil anywhere near as much. There are other, cheaper alternatives, like electric cars, cars powered by organically produced biodiesels, cars running on ethanol, etc. At today's oil prices, these solutions are too expensive to be viable. It's not just that the vehicles themselves are expensive, it's the cost of replacing the associated infrastructure: gas stations, for example. Replacing all the gas stations in the United States with stations providing some other kind of fuel will take a long time. But at 500 dollars per barrel, it becomes too expensive to stay with oil, and so there will suddenly be strong economic incentive to see that infrastructure replaced.

      Relative to Europe, America's gas prices are outrageously low, and yet our recent increase in fuel prices prompted a tremendously large number of Californians to purchase more fuel-efficient hybrids. It's extremely unlikely that they would have purchased these cars in the numbers they did had they not had the economic incentive to do so. When it comes right down to it, people want to save money.

      And because people want to save money, they will substitute away from oil intensive products as prices rise. At the same time, rising prices will make oil-production methods previously considered too expensive suddenly economical, increasing supply at that price point.

      So we have two competing forces at work here: increase in available supply as price increases (law of supply) and decreasing demand as price increases (law of demand). It's not hard to see that in this scenario, the price can only go so high before consumers have stopped using oil completely. Supply doesn't end up being a problem in this scenario, because as Rei suggested we can produce all the oil we want from other sources of energy synthetically. It'll just be so expensive that nobody will want to buy it. They'll find other ways to get from A to B that are more cost effective. Let's face it, at 500 dollars a barrel, it's not like you need any exotic technology to be more cost effective.

      Here's a prediction for a long term movement. Oil prices continue to rise, as the remaining oil in the world becomes more and more expensive to extract. Bio-diesel vehicles become popular, because diesel engines are already well understood, almost no changes are required to make them run on bio-diesel, and so it's an easy migration path for car companies. Oil companies, faced with rising oil extraction costs, begin looking in to ways to efficiently produce bio-diesel in large quantities. Something like algae-produced bio-diesel is invested in. Despite the good prospects, analysts calculate that the price at which it becomes cost-competitive with oil-based fuels is around 120 dollars per barrel.

      Prices continue to rise. Car companies begin advertising bio-diesel capable cars, many electrical hybrids. The environmentalists are the early adopters. They fill them up with bio-diesel when the can, but with normal diesel otherwise. Gas stations that provide diesel are already ubiquitous, and as diesel-fueled cars increase in number gas stations invest in more diesel pumps and tanks. As the 120 dollars per barrel price point approaches, some gas stations in places like the SF bay area, Boston and New York City begin advertising bio-diesel as a cleaner (albeit slightly more expensive) alternative to standard diesel fuel. Environmentalists again are the ear

    88. Re:Including "innovation" is dangerous. by Martin+Blank · · Score: 1

      Butanol's energy content is 105,000 BTU per gallon, which is 38% more than ethanol -- a lot lower than double -- and about 8% lower than gasoline. At the moment, there are some possible methods of conversion, including one using an algae or a bacterium, but it has not been tested in large-scale use, so far as I can tell.

      --
      You can never go home again... but I guess you can shop there.
    89. Re:Including "innovation" is dangerous. by PhysSurfer · · Score: 1

      First off, all of the predictions that we see in the article are from Colin Campbell. He's a geologist who represents the fringe of the "peak oil" movement, and founded the association for the study of peak oil and gas. The guy has trouble being right. In addition to being continually proven wrong about the discovery of large new oil fields (which keep turning up -- not to mention old fields unexpectedly finding new life) and the rates at which existing fields will produce, every few years he pushes back his predicted peak. First it was 1995. It's all the way back to 2007 now. Aaany day now, Colin!

      Care to cite any sources for this? It's easy to argue with unfounded assertions. I'm not familiar with Colin Campbell, but he's just one of many people working on peak oil, including British Petroleum, the US DOE, and even T-Boone Pickens. Peak oil is real. Predictions for the year of peak production vary from 2006 to 2040 (see above links), but regardless, it will happen in our lifetime, according to the experts in the industry. The 1995-2007 discrepancy from one single person you discuss is not significant. In fact, some people are saying that it has happened this year already. Perhaps you should stop trying to be cute and research your facts.

      The more expensive oil gets, the slower world economic growth occurs, which drastically reduces demand. At the same time, the more expensive oil gets, vast new reserves come online. At current oil prices, Saudi Arabia doesn't have the world's largest reserves: Venezuela does. Venezuela's reserves were once dwarfed by Saudi Arabia's because they're more expensive to produce from. With high prices, a vast amount of Venezuelan oil comes online.

      Congratulations, you understand a bit of peak theory. Yes, this is all included. In peak oil theory, when peak oil is reached half of the world's retrievable oil still remains. Peak oil theory states that this half will be much more expensive to extract, which you corroborate here. Of course there are more undiscovered reserves, but the point is that the rate of production will continue to go down, because less and less is discovered per year. Instead of thinking in terms of money (which can be created and destroyed), think in terms of energy (which can't). Once it takes more energy to extract one barrel of oil than the oil provides, the oil becomes useless as an energy source.

      But it doesn't stop there. Current prices are high enough to make Canadian tar sands profitable. Shell is leading the way here, and is majorly scaling up their operations. If you count the tar sands, Canada goes up into the world leader position. But hey, why stop there? Coal liquifaction is borderline profitable at current prices. The US has hundreds of years of coal to mine; even if we start converting it to oil, it's a massive energy influx. And do we really even need to get into oil shale, methane hydrates, ethanol (esp. from cellulose), biodiesel, waste polymerization, and vehicles driven by electricity or hydrogen (which, effectively, can be powered by the grid, which means that any potential power source will work).

      See above comment. All of the sources you mention here are much more expensive and take more energy to extract.

      Yes, prices will rise. So? We've gotten a free ride on ubercheap oil for too long. At current prices, however, countless technologies are either freshly viable or near-viable for energy production -- both for producing petroleum, and for producing petroleum alternatives. If prices rise further, it makes them all the prettier for investors. This peak

    90. Re:Including "innovation" is dangerous. by davidbofinger · · Score: 1
      Current prices are high enough to make Canadian tar sands profitable. [...] Coal liquifaction is borderline profitable at current prices.

      One problem with this substitution is that the alternatives are less efficient, in net energy per unit carbon released, than petroleum. In fact, even regular coal is less efficient than oil in those terms. So the more substitution that we employ, the more carbon dioxide we emit for a given energy consumption, and the worse greenhouse effect we suffer.

      Greenhouse is a really hard problem to fix: much harder than other forms of pollution have been because the quantities are so large and there's no possible chemical change that will make the pollutant harmless. Lomborg, for instance, argues that it's too expesive to be worth trying to fix very much and that we should mostly just put up with it. I think greenhouse is going to be a bigger issue than running out of hydrocarbons.

    91. Re:Including "innovation" is dangerous. by Jeremi · · Score: 1
      Here's a prediction for a long term movement. [...] Bio-diesel vehicles become popular [...]


      That all sounds good, and I agree with eveything you've written above... the only question I have is whether bio-diesel (or any other oil replacement) will be able to scale up to meet the world's energy needs -- i.e. are there enough sites for algae ponds and fields for growing switchgrass to produce bio-diesel on the order of magnitude we are used to? And what will the unintended consequences (environmental and otherwise) of all this massive new agriculture be?


      No matter what new energy source we replace fossil fuels with, there will be one fundamental difference: we'll no longer be able to simply extract vast stores of pre-concentrated energy, like we do now. Instead, we'll have to condense more dilute forms of energy (sunlight, wind, tidal power, nuclear power, etc) together into fuel, one way or another. Perhaps there is a way to do that efficiently enough that the first world's current lifestyle can remain largely intact, but I wouldn't bet that way.

      --


      I don't care if it's 90,000 hectares. That lake was not my doing.
    92. Re:Including "innovation" is dangerous. by Anonymous Coward · · Score: 0

      finally, you have something useful to say!

    93. Re:Including "innovation" is dangerous. by 808140 · · Score: 1

      I think one only needs to look at fuel efficiency trends to see the answer to your question. By all counts, today's combustion engines are far less efficient than they could be made to be, but increasing efficiency while at the same time controlling emissions is a technically challenging task, and overcoming technically challenging tasks costs money. When oil was 10 dollars a barrel, cars were, generally speaking, extremely inefficient. As the price of oil has gone up, the increased scarcity of the commodity has driven innovation in the improvement of engine efficiency. As a result, today's cars are far, far more efficient than the cars of yesteryear, and because we are still nowhere near the limits of engine efficiency imposed on us by thermodynamics, it is reasonable to assume that the efficiency of normal combustion engines and their derivatives (hybrids, etc) will continue to improve. The pace is likely to be logarithmic, of course, because we've already picked all the proverbial low-hanging fruit, but we can still expect improvement in this regard.

      Of course I think you're right that in the long run, we will probably have to generate the mobile fuel we consume in vehicles, rather than simply finding it ready-made in the ground. Modern nuclear reactor designs are extremely efficient and, after the inital investment required to build one, produce electricity very cheaply. The primary barriers that exist to building these today are political, not technical. It's worth noting, however, that political barriers tend to disappear when economic pressures become grave enough, and the ever-increasing price of oil will certainly do this in the long run.

      The bio-diesel example was, as I said, just an example. I cannot predict with anymore accuracy than you or anyone else what the replacement technology will be, but as oil is running out, and producing it chemically is not a particularly efficient (read cheap) option compared to alternatives available today, there is no doubt that a replacement technology will be decided upon by consumers or governments.

      It may not be as cheap as oil, in fact, I guarantee it won't be as cheap as oil. But making driving more expensive will act in two major ways: one, people will seek (and find, subject to diminishing returns, of course) ways to make one unit of mobile energy (in today's terms, a barrel of oil, in tomorrow's, who knows) take them further; two, people will find ways to reduce the amount they need to drive.

      In the US, people currently are very dependent on driving, largely due to urban layout and cultural preferences. Other countries don't have as much of a driving culture, and don't suffer as much from urban sprawl. It's not much of a stretch to envision a future where people are more likely to move than to commute three hours every day, and I'd even go so far as to suggest that that might actually be a good thing for people's overall happiness. A frightningly large portion of the land on which American cities are built these days is made up of parking lots; a decrease in people's willingness to drive further would create demand for more local restaurants, local supermarkets, and replacing parking lots with these would be the obvious choice.

      In fact, it's likely that a general increase in the cost of getting from A to B would, in the mid-to-long run, greatly boost demand for local products and have a deglobalising effect. In the very long term, of course, people will find some way to bring costs down enough relative to people's income to offset this -- the promises of wealth that globalisation brings are simply too tantalising.

      I guess what I'm saying here is, yes, oil is running out, and eventually, it will be too expensive for us to make use of it, except for relatively exotic, low-demand applications. But when you listen to peak-oil-extremists, the implication is that there is no way to substitute off of oil and that when oil is 500 dollars a barrel we will be forced to pay that ridiculous sum.

      That will never happen, because there are lots of technologies that, while more expensive than oil at today's prices, are nonetheless cheaper than paying 500 dollars for a barrel of oil.

    94. Re:Including "innovation" is dangerous. by FrostedChaos · · Score: 1

      If everywhere were as rich as the USA, even though it would vastly increase the total amount of energy and land use, the negative impact would be less.
      That's a comforting view, but I really don't think it's true.
      Per person, US citizens still consume more energy, buy more products, and drive more cars than most of the world.
      Those products and that energy have to come from somewhere.

      The environment is screwed because of countries, particularly in Asia, Africa, and South America that have rapidly growing populations, but their economies are screwed. If India or China could attain American economic levels, their environmental impact would vastly decrease. The solution to poor environments is rich economies which will limit the major environmental problems such as massive wood and (unfiltered) coal burning, slash and burn agriculture, over-fishing and hunting, inefficient internal combustion engines, raw waste dumping, etc.
      Yes, improvements in efficiency and better pollution ordinances always help. At one point earlier this century, people could have pointed proudly at well-regulated, environmentally efficient American factories producing our domestic goods, and perhaps think that America had begun to make some progress on reducing its environmental footprint.

      However, since the Berlin Wall came down, and foreign policy tensions relaxed, money-minded people invented "globalization" and "free trade" to export their dirty work to countries with few environmental standards.

      --
      "Any connection between your reality and mine is purely coincidental." -Slashdot
  14. Slashdot editors fear the future, doubt technology by Anonymous Coward · · Score: 0

    Slashdot is like the hydrocarbon freak out center now...

    The editors feel the future is doomed and its all the fault of industrialization / mechanization / tech level increases.

    And this site used to pretend it was for the cyber punk. Now it is nothing but a grunting luddite...

  15. Who is FSU? by lawpoop · · Score: 1

    F.S.U. is the second-largest exporter, just after Saudi Arabia. Who are they?

    --
    Computers are useless. They can only give you answers.
    -- Pablo Picasso
    1. Re:Who is FSU? by Kohath · · Score: 2, Funny

      Fresno State University is swimming in oil. You didn't know that?

    2. Re:Who is FSU? by ZombieWomble · · Score: 3, Informative

      "Former Soviet Union", I suspect. Or in other words, Russia (I am unsure of how much the other countries under that umbrella term contribute, as Russia by itself is the 2nd largest exporter of oil)

    3. Re:Who is FSU? by sane? · · Score: 1

      Former Soviet Union = Russia (usually)

    4. Re:Who is FSU? by Anonymous Coward · · Score: 0

      Former Soviet Union

    5. Re:Who is FSU? by grumpyman · · Score: 1

      Somewhere in the article says its Former Soviet Union.

    6. Re:Who is FSU? by DrRossi · · Score: 1

      I was searching for Russia but could not find it.

      F.S.U. must be Former Soviet Union.

    7. Re:Who is FSU? by OakDragon · · Score: 1

      The graph says Former Soviet Union. So I wonder if they're rolling Ukraine, etc. into FSU? And if so, I wonder what that pie piece would look like broken down.

    8. Re:Who is FSU? by ZombieWomble · · Score: 1
      Being incredibly lazy and checking googles first hit for "oil exporters" shows, from 2004, Saudi Arabia in the lead with 8.73million barrels, Russia right behind with 6.67 million barrels of exports, and Kazakhstan down in 13th place with just over a million barrels.

      So those 2 nations which would fall under the definition of "Former Soviet Union" represented 7.9 million barrels or so of exports alone in 2004 , so presumably other countries in the block contributed little, if anything, in terms of net exports.

      (This is obviously all based on the proviso that two randomly chosen sources on the internet are credible, but it's a decent rough guide.)

    9. Re:Who is FSU? by Anonymous Coward · · Score: 0

      In Czarist Russia, FSU = FUTURE Soviet Union!

    10. Re:Who is FSU? by 0xABADC0DA · · Score: 1

      So wait... is FSU the #2 exporter of oil, or is oil the #2 exporter of FSU?
      In FSU, my jokes comprehend me.

    11. Re:Who is FSU? by SoCalDissident · · Score: 1

      In FSU,
      Oil exports you!
      Joke is old,
      but must be told,
      Mod funny, +2.

    12. Re:Who is FSU? by Grishnakh · · Score: 1

      Florida State University, of course.

  16. Sustainability cures acne... by Fysiks+Wurks · · Score: 1

    If we could find a way to convert the oil from all the pubescent teens into fuels! We would cure acne and energy sustainability in one fell swoop.

    All our oil reserves are dwindling...that is until new oil reserves are discovered: http://english.aljazeera.net/NR/exeres/48651C0F-DC 3F-4A52-B544-24EF22343774.htm

    --
    P226
  17. Looking at this graph, one has to wonder... by ZombieWomble · · Score: 1
    What an equivalent one looked like, say, in the mid-80s, right there where it dropped off by 30 or 40% off the peak in the 70s. Bet that would have been scary...

    I'm not attempting to dismiss the issues with using non-reusable fuels or the need for alternatives (both in terms of supply, and environmental reasons) but the fact that we have a fairly complex, somewhat erratic graph with a general increase, but with some steady periods and some occasional (fairly dramatic) dips over the 40 years of "real" data, followed by what amounts to a freefall in his 'extrapolation' makes me think that it is, at best an oversimplification, and quite possibly outright misleading.

    1. Re:Looking at this graph, one has to wonder... by Capt+James+McCarthy · · Score: 1

      Actually, try going to the late '70s. There you find many a dire reports on how the Earth is starving for oil. Though these predictions are based upon numbers which I readily appreciate, most of the time, the future is always ripe with doom and gloom. If it were all peaches and cream, would anyone do anything? Sadly, folks have to be convinced that the world is in immediate danger of blowing up or nothing gets done. It's used all the time by the press, companies, and political machines (globally, not limited to the US I'm afraid).

      I honestly believe that most of the planets population will die either from a caldera eruption, large asteroid, or virus outbreak long before we run out of oil.

      --
      There are no loopholes. It's either legal or it's not.
    2. Re:Looking at this graph, one has to wonder... by tmasssey · · Score: 1

      I too am suspicious of a graph that shows a very clear trend for a couple of decades, then shows a significant drop virtually at the exact moment the graph goes from showing historical data to showing projections.

      That doesn't make his projections wrong, but it's going to take more than pretty graphs to make me believe it.

    3. Re:Looking at this graph, one has to wonder... by geeber · · Score: 1

      The peak in production around 1975 is well understood. It is called Hubbert's Peak after the geologist who correctly forcast that US oil production would peak sometime in the 1970's.

      He also predicted a peak in world oil production in the 1990's. It has been delayed a little due to a drop in oil consumption in the 1980's. However, the point is that even the 70's people who really understood the problem thought oil production would recover after the 1975 peak, but the situation today is very different.

    4. Re:Looking at this graph, one has to wonder... by rethin · · Score: 1

      Yeah, It was pretty scary. Those dips (one in the late 70"s and one in the early 80"s) were the oil shocks and they damn near crippled the country. Sometimes I forget how young everyone is on Slashdot, but then something like this reminds me. Ask your parents about it, it sucked. And the difference is the Oil Shocks were artificial, OPEC just turned the screws a bit. The upcoming crisis is not artificial its geological. The next Oil Shock will be permanant. Alberta Tar sands, nuclear, solar, wind etc all together will not ramp up quickly enough to provide us with enough energy. Oh, they could if we invested heavily in them now, but we aren't. And won't till its too late. Rethin

  18. Peaking.. now? by jonnythan · · Score: 1, Interesting

    The "money graph" shows that oil production is peaking "now" and will decline indefinitely.

    Does that strike anyone else as somewhat.. skeptical?

    They basically project that what we're getting *RIGHT NOW* is the most we'll ever get. Considering that oil production has basically been increasing for the past 20 years (graph), that's some leap to make.

  19. "Money Graph" messed up... by nodrogluap · · Score: 2, Interesting

    It shows Canada steady, then declining, at about 1 Mb/day. The Canadian petroleum producers estimate it will increase to 4.8 Mb/day by 2020. It's all oil sands, so there's nothing hard about finding and extracting it (it's just expensive to do). Even the original paper the graph is from says it will increase to 2.8 by 2020, so the graph must be showing something else?

    1. Re:"Money Graph" messed up... by ahodgson · · Score: 1

      It shows net exports. We use a lot of oil in Canada too, you know.

    2. Re:"Money Graph" messed up... by nodrogluap · · Score: 1

      So then the graph does not describe Peak Oil at all I guess...

    3. Re:"Money Graph" messed up... by ahodgson · · Score: 1

      It certainly does. Oil exports are what allow everyone else to have oil.

  20. news for nerds? by JeanBaptiste · · Score: 1

    I don't know what this has to do with geekery or nerdology.

    Seems like it should be posted on some business forum or something. ...maybe some business forum has been getting all our nerd news stories lately...

  21. We'll live by Dr.+Eggman · · Score: 1

    There's something that has to be said at the start of every discussion about "The end of Oil."

    "We lived for thousands of years before Oil, and we'll live for thousands of years after oil; just not quite the same."

    Yes, without being in transition to a full replacement for oil when we run out (of economically priced oil) we'll have a tough time. Probably be riots, war, social collapses. But as a species, we'll survive. And today, international cooperation has given me hope that alot more of us and our countries will survive. Sure, we're not sitting 'round the fire at the UN singing Kumbaya, but we haven't had a "real" world war in quite a while! We may not be in the best of situations, but it won't be the end of all civilization.

    --
    Demented But Determined.
    1. Re:We'll live by Lazerf4rt · · Score: 2, Funny

      Not only that, but we already have a solution to the urban transportation problem!

    2. Re:We'll live by Synn · · Score: 1

      I really don't even think the transition will be that big of a deal. We can use alternate fuel sources right now, it's just cheaper to use oil. Once oil prices go up, the alternatives will become more economical.

    3. Re:We'll live by sane? · · Score: 1
      There's something that has to be said at the start of every discussion about "The end of Oil." "We lived for thousands of years before Oil, and we'll live for thousands of years after oil; just not quite the same."

      Or as many of us. At the beginning of the the age of oil there were what, about 1 billion? Are you happy with the idea that's how many might be left after the age of oil?

    4. Re:We'll live by Anonymous Coward · · Score: 0

      True we haven't had a "real" world war in 60 years, but in a post 9/11 world where everyone turned to Tom Clancy's predictions after a few of them hit too close to home, it might be worth mentioning that in his "Red Storm Rising" WWIII scenario his catalyst for war was lack of oil by a super power. A war over a finite and useful resource, one that is necessary (at present) for the very waging of modern war is quite plausible. I don't expect oil to kick off WWIII or WWIV (some historians I've read view the cold war as counting as WWIII) in the next few years, but 40 years from now it is hard to say. If Europe succeeds in challenging US power or if China, India, Japan, or Russia reaches a level to deal with US forces regionally, then a WW is not too far fetched - remember that similar scenarios came into play in Japan's Imperial ambitions, where the US had restricted Japanese access to gasoline and aviation fuel before Pearl Harbor.

  22. Clearly, this signals the end of the World by taxman_10m · · Score: 3, Funny

    of Warcraft.

  23. Oil FUD by Keebler71 · · Score: 3, Interesting
    The problem with these types of analyses is that they usually only conisder capacity and reserves using today's methods. Today's recovery methods are driven by current economics. There are X gallons of oil that is exploitable using current technologies. There exist many other technologies for recovering far (literally nearly infinitely) greater quantities of oil; however these technologies do not produce oil at profitable costs. However, what is not profitable at $50/barrel might be profitable at $100/barrel (e.g. deeper wells, oil shale, open-water drilling, etc...) I have yet to see a study that takes these economic and technology factors into account when calculating the future capacities and reserves.

    As Sowell would say, there is not a shortage of oil - there is only a shortage of oil at today's prices.

    --
    "It takes considerable knowledge just to realize the extent of your own ignorance." - Thomas Sowell
    1. Re:Oil FUD by Anonymous Coward · · Score: 1, Insightful

      There is also an energy consideration when discussing extracting oil that is not currently profitable. If it takes more than one barrle of oil energy equivalent to extract one barrel of oil, then it can never be done economically, even at $300/barrel.

    2. Re:Oil FUD by freeweed · · Score: 1

      there is not a shortage of oil - there is only a shortage of oil at today's prices

      DING DING DING we have a winner!

      When oil was $15/barrel, US and Canadian production was forecasted to go into a very steep decline. Once oil got to $50, suddenly oilsands and whole lot of other non-conventional sources became viable on a large scale. Not enough to make up for everyone else's declines, but a lot.

      Yes, it's expensive. VERY expensive. But we've hardly scraped the surface (figuratively and literally) of the oilsands.

      Let's see oil sit at $150-200/barrel for a few years and just watch as trillions of barrels of oil suddenly appear.

      --
      Endless arguments over trivial contradictions in books written by ignorant savages to explain thunder in the dark.
    3. Re:Oil FUD by Muerte23 · · Score: 1

      There is also an energy consideration when discussing extracting oil that is not currently profitable. If it takes more than one barrle of oil energy equivalent to extract one barrel of oil, then it can never be done economically, even at $300/barrel.

      You are wrong. What if I build a nuclear reactor next to my oil well? Then I can spend 5 units of (relatively) cheap nuclear energy to get one unit of oil energy, and I will probably turn a profit. People are willing to pay more for energy they can drive around with.

    4. Re:Oil FUD by tomcode · · Score: 1

      The problem of that economic analysis is that the main driver of cost in recovering the oil is energy. If the price of oil doubles, then the price of recovering that oil also doubles. You have to look at the basic energy equation. We drill where the amount of energy we get out is greater than the amount of energy required to extract and refine it.

      If extracting these difficult sources consumes more energy than it produces, then it will never be economical. Period.

      --
      f u cn rd ths u cn gt a gd jb n cmptr prgmng
    5. Re:Oil FUD by radtea · · Score: 1

      As Sowell would say, there is not a shortage of oil - there is only a shortage of oil at today's prices.

      Which misses the point completely, much like global-warming-deniers miss the point that when you increase the effective insolation at the top of the troposphere by 2% the climate will respond, although it may not do so in complex ways.

      The point is that the oil is going to get much more expensive as conventional supplies follow the Hubert curve into oblivion and unconventional (read: more expensive) supplies come on line. The response to diminishing conventional oil supplies may be shortages, higher prices, or both. What cannot be rationally claimed is BOTH: a) conventional supplies are close to peak production and will soon pass into a period of secular decline AND b) this will have no significant impact on any economy anywhere.

      So Thomas Sowell is correct: at sufficiently high prices there are many alternative sources of hydrocarbon fuels that may or may not be economically viable. But to pretend that an increase in oil prices to, say, over $100 per barrel won't be hugely disruptive to the world economy is to miss the point completely.

      As to Hubert's prediction of peak oil, it is a sound first-order model that is almost certainly accurate for extraction rates from conventional wells. It may not account properly for unconventional sources like tar sands, but it remains to be seen how expensive and how plentiful tar sand oil will be, and what quality of light crude can be extracted.

      --
      Blasphemy is a human right. Blasphemophobia kills.
    6. Re:Oil FUD by Anonymous Coward · · Score: 0

      That's true, but also irrelevant. Eventually supply and demand will come into balance. The question is what sort of society does that balance allow. If it costs $400 to drill a barrel of oil, what happens to the price of food? Can we afford to ship corn from the Midwest to New York City? When people's budgets are 90% food costs, what happens to the rest of the economy?

      Mass starvation is an economic equilibrium point, too.

    7. Re:Oil FUD by Trogre · · Score: 1

      Vege patches become very popular and people go back to growing their own damn food.

      This would necessitate a mass exodus from big cities as families would need a decent plot of land in suburbia (say a 1/4 acre section) to grow food.

      --
      "Nine times out of ten, starting a fire is not the best way to solve the problem." - my wife
    8. Re:Oil FUD by guywcole · · Score: 1

      Where did you get that statistic in your sig? You state it non-humorously, but what's your source for p(individual guilt) in that model?

    9. Re:Oil FUD by toddestan · · Score: 1

      You are wrong. What if I build a nuclear reactor next to my oil well? Then I can spend 5 units of (relatively) cheap nuclear energy to get one unit of oil energy, and I will probably turn a profit. People are willing to pay more for energy they can drive around with.

      Which would be 20% efficiency, which is terrible. You would be much better off using the nuclear energy to produce hydrogen for fuel cells, or even charging conventional batteries for pure electric vehicles.

    10. Re:Oil FUD by gbell · · Score: 1

      My understanding is that many of those techniques *are* being used today - horizontal wells, etc. The idea that we have a bunch of technological tricks up our sleeves is comforting but may not be true.

      Regardless, even with vastly greater recovery techniques (I think we only extract 30% or so of a well these days), discovery peaked long ago. The writing's on the wall folks!

      http://www.hubbertpeak.com/campbell/images/growing GapB.gif

  24. more peak oil nonsense by Surt · · Score: 0, Troll

    I mean who can take these folks seriously? Oil production will never peak, because oil is an infinite resource. When you want more, you pump more out of the ground. How hard is this to understand?

    --
    "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    1. Re:more peak oil nonsense by 140Mandak262Jamuna · · Score: 1

      Yup, and futher, when the Great Omniscient Designer made a covenant with Noah, never to unleash a Flood on the mankind, He also signed a little publicized rider, promising to replenish the oil supply as and when needed.

      --
      sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
    2. Re:more peak oil nonsense by RevMike · · Score: 1
      I mean who can take these folks seriously? Oil production will never peak, because oil is an infinite resource. When you want more, you pump more out of the ground. How hard is this to understand?

      "Peak oil" can't be taken seriously because, although their basic premise is fundamentally true, they fail to take into account that the entire world economy adjust gradually.

      Yes, the currently exploitable oil reserves are limited and if everything else remains constant will be depleted in some finite number of years. The only thing we can say with absolute certainty is that everything else won't remain constant. All the following will happen...

      1. New reserves will be discovered.
      2. New technology will allow better yield from existing reserves.
      3. Known reserves that were not economical to harvest will become economical as prices rise.
      4. Other resources like coal will become economical to harvest as prices rise.
      5. New technology will make renewable fuels more competitive.
      6. Rising prices will make renewable fuels more competitive.
      7. Rising prices will make conservation more economically prudent.

      When you add up all these factors, the "peak oil" predictions of massive tragedy and a return to the stone age become nonsense.

      Personally, I believe that bio-fuels (Ethanol, BioDiesel, etc) will become widely used in the next 20 years or so for transportation, primarily because they can be integrated with our current technology quite easily. The delta cost to manufacture a "flex-fuel" vehicle capable of running on E85 is roughly $35. The stuff is just bordering on economically feasible right now and big-agriculture only recently started making it a big R&D focus. In fifty years Iowa will be the Saudi Arabia of a new world.

      The world will change - gradually.

  25. World population will be 6x10^9 by the year 2000.. by Peter+Trepan · · Score: 1

    ...which is nothing to panic about, because by then our Apollo program will have devised a way to move the starving masses to Mars.

    You can always rely on good old progress.

    --

    Step into a huge movement. Don't Tread In Me.

  26. Oh teh noes! Teh Peak Oil will get us! by karlandtanya · · Score: 0, Offtopic

    I give up.

    It's not /.; it's fark.

    Oh, look there's a new BOFH. Nope, just an ad that starts with BOFH. Bastards.

    Scientific American used to be a pretty good magazine, too.

    --
    "Reality is that which, when you stop believing in it, it doesn't go away." - Philip K. Dick
  27. In related news by Anonymous Coward · · Score: 0

    The global supply of blood has dwindled, proving the theory that recent wars are an attempt to balance the blood-oil equilibrium.

    1. Re:In related news by OrangeTide · · Score: 1

      Isn't the UN running a blood-for-oil program right now?

      --
      “Common sense is not so common.” — Voltaire
    2. Re:In related news by Anonymous Coward · · Score: 0

      Isn't the US running a blood-for-oil program right now?

      Fixed that for you...

    3. Re:In related news by Hoi+Polloi · · Score: 1

      Bush is pushing for a faith-based blood for oil program.

      --
      It is by the juice of the coffee bean that thoughts acquire speed, the teeth acquire stains. The stains become a warning
    4. Re:In related news by Foobar+of+Borg · · Score: 1

      While Gore will place that faith-based blood for oil program in a lock box :-)
      Of course, Bush will then raid the blood for oil program and claim that it is in crisis.

    5. Re:In related news by Anonymous Coward · · Score: 0

      No he had it right.

    6. Re:In related news by ccmay · · Score: 1
      No he had it right.

      Agreed. The "no blood for oil" crowd would be quite happy to go on indefinitely trading the blood of Kurds, Iraqi dissidents and Kuwaitis for oil. To them, Saddam's victims were just brown people far away and it was no business of ours how they were governed. Also, let's not forget that the "Oil for Food" fiasco was a UN program.

      -ccm

      --
      Too much Law; not enough Order.
    7. Re:In related news by OrangeTide · · Score: 1

      The US isn't even getting oil out of this whole thing. For the US it is more of a blood-for-votes program. or maybe it's all the pork barrel spending in this war that is the problem, if you slip a politician a few hundred thousand he'll slip your company a few dozen million in contracts.

      --
      “Common sense is not so common.” — Voltaire
    8. Re:In related news by dryeo · · Score: 1

      So you are agreeing that it is the US running the blood for oil program.
      I guess they do have the experience, supplying Saddam with weapons to extract the blood. Promising to back up the Kurds, Dissidents etc if they revolt. And now setting up a horrible civil war in Iraq.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    9. Re:In related news by dryeo · · Score: 1

      Well I do hear that Exxon etc are making record profits.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    10. Re:In related news by CrackedButter · · Score: 1

      I ask this of everybody who changes their relationship with me, why did you become a fan?

    11. Re:In related news by OrangeTide · · Score: 1

      Because oil companies have artificially reduced supply (by not having enough refineries) while actual supply of crude has been keeping pace with demand. You can certainly accuse the big oil companies of abusive market manipulation, but not a blood-for-oil program.

      The US gets the largest share of its fossil fuels from Canada, we haven't bombed them and stolen all their coal, oil, and natural gas yet.

      The US probably wastes more oil fighting Iraq than we will ever get out of them. Those tanks get like 1mpg.

      --
      “Common sense is not so common.” — Voltaire
  28. If they want people to read their report... by Old+Man+Kensey · · Score: 2, Informative

    ...they need to invest some time in readability. Squashing a bitmap to a smaller size and leaving it unreadable (on the front page, no less) is a big red flag that this was thrown together by people who aren't bothering to do a thorough job. Sure, maybe if I click through I'll get the full-size bitmap in all its pie-wedge glory, but given the obvious lack of thought and review signaled by that graph, I'm not very inclined to read any further.

    --
    -- Old Man Kensey
  29. Nonsense by Anonymous Coward · · Score: 0

    FSU - Former Soviet Union

    That can't be. In Former Soviet Union, oil used to export YOU!

  30. Left out! :( by willie_nelsons_pigta · · Score: 0

    Sadly, I am afraid I don't see Pat Riley on that pie chart.

  31. Re:World population will be 6x10^9 by the year 200 by susano_otter · · Score: 4, Insightful

    Well, good old progress has allowed us to produce a lot more food than we could back in the 70s, when people were fond of predicting we'd all be dead of starvation by now, on account of there being too many of us to ever possibly feed.

    As it turns out, the population has grown as predicted, but progress managed to keep up.

    --

    Any sufficiently well-organized community is indistinguishable from Government.

  32. no, that's not quite right... by Gooseygoose · · Score: 5, Informative
    Just an fyi, we're not one-sided, we're not partisan (I would point you to our press release: http://www.theoildrum.com/story/2006/4/26/121441/8 91), and we encourage empirical/scientific study of these phenomena.

    In other words, we're not your daddy's peak oil site. Read the site at least a bit (and know what you're talking about) before you spout off like that, eh?

    1. Re:no, that's not quite right... by Anonymous Coward · · Score: 0

      QQ

    2. Re:no, that's not quite right... by hador_nyc · · Score: 1
      Just an fyi, we're not one-sided, we're not partisan (I would point you to our press release: http://www.theoildrum.com/story/2006/4/26/121441/8 91 [theoildrum.com]), and we encourage empirical/scientific study of these phenomena. In other words, we're not your daddy's peak oil site. Read the site at least a bit (and know what you're talking about) before you spout off like that, eh?
      I was thinking more like the person whom you are responding to, until I actually checked your site. While one can argue about how much production will come in the future, may of the other points on your site are hard to argue with at all. Particularly the point about how oil companies alone are not the cause of high gasoline prices. It is a combination of factors, and most of the levers that politicians have to ease the burden on the public are short-term levers. The long-term solutions fall into some combination of a few areas:
      • increase incentives to explore for more oil
      • increase incentives to find alternatives
      • increase efficiency standards of energy usage
      There certainly isn't another way to do it that I can think of; regardless of whether or not you think that there is lots of oil waiting to be found or not. We still need to find it, and no matter what all of these options will take money and time. I do think it's safe to say that the easy oil has been found, and is or has been exploited.
      --
      - Mike
      Once you've lost your temper, you've lost the argument - Me
    3. Re:no, that's not quite right... by Anonymous Coward · · Score: 0

      So I'm wondering about few things : how come Iraq doesn't show up anywhere in your predictions? Sure, the oil is not getting exported from there now but surely you don't think it's going to just sit there for the next 20 years? Same deal with Iran (yes it does show up on the graph) but don't you think the exports are limited by current political situation and that might change in the next 20 years?

      Second, why are all "former soviet union" states lumped together? That seems like a silly arbitrary thing to do -- the oil exporting former soviet states and russia have very different geopolitical and economic interests and models -- makes little sense to treat them as a single unit.

      Third, your comment about EU member states producing only marginal amounts of oil while accurate is stated in a way that makes it sound much more alarming than it actually is, considering that Norway's oil exports go 70% to EU -- Norway is not itself member but has long standing trade agreements through various trade organizations with EU.

    4. Re:no, that's not quite right... by geekoid · · Score: 1

      So you would bite the hand that feeds you?

      color me skeptical.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    5. Re:no, that's not quite right... by tehdaemon · · Score: 1
      The article said why Iraq does not show up - numbers are not available.


      As for Iran. IMHO Iran is as likely to get better as it is to get worse. And predicting either is not much better than flipping a coin. This applies to a lot of other oil exporters. So since this cannot be predicted with any real accuracy they do not include the predictions, and they say "This assessment should be taken "with a grain of salt", it is not to be expected that the future will follow these projections. "


      The numbers for the former soviet union come together. If they could get them separate they would list them separatly.


       

      --
      Laws are horrible moral guides, moral guides make even worse laws.
    6. Re:no, that's not quite right... by Ignignot · · Score: 1

      Your site has an ad for buying gold on all of the pages, "in times of uncertainty."

      How can you look at yourself in the mirror in the morning when you peddle crap like that?

      --
      I submitted this story last night, and it didn't get posted.
    7. Re:no, that's not quite right... by Anonymous Coward · · Score: 0

      I think the slashdot horde is trying to figure out why that graph is so stupid! Anyone with a clue about economics, technology, or world politics can see that the graph is preposterous.

      So we're trying to figure out WHY you decided to publish such a silly graph.

      The grandparent proposed several reasonable hypothesies about why you would have published such a graph. For the sake of argument I'll accept your statement that the grandparent's hypothesies are incorrect.

      So please explain:

      Why did you publish that silly graph that ignores most of the real world complexity involved in determining world oil exports?
      Why did you focus on oil exports instead of total world oil production/consumption?

    8. Re:no, that's not quite right... by Kohath · · Score: 1
      From the site:

      The only solution is to educate the public about the most important problem we face as a generation.

      Not one-sided at all.

      Doomsday theories about peak-oil aren't a lot more interesting than any other kind of doomsday theories. They tend not to come true and are counterindicated by the lack of doomsdays that have occured in the past.

      Oil is like any other economic commodity. As it starts to become scarce, the price will increase. Furthermore, the future scarcity of oil is, to a large extent, built into the current price of oil. Why would someone sell you his oil for $50 today when he could get $300 in 2 years? Because oil-company leaders are complete idiots?

      As the price increases, demand will level-out. Just like any other item.

      As the price increases, other sources of oil (tar sands, coal gassification, deep-water drilling, drilling in "environmentally sensitive areas", etc) will become economically viable to exploit, adding to the available supply.

      As the price increases, substitute fuels like ethanol will become real economic alternatives rather than government "special" projects.

      Oil will always be available at a market price.



      Any analysis of the future of oil that doesn't take economic principles into account can never be correct.

  33. Very true. by gadders · · Score: 1

    There was a lengthy article in the Economist magazine about how oil isn't running out. As technology improves, new oil reserves (such as the sand ones in Canada come on line).

    1. Re:Very true. by IamTheRealMike · · Score: 1

      It's worth noting that the people who write The Oil Drum are not newbies to this field. They are perfectly aware of the tar sands and IEA/EIA projections, but they all have problems that have been extensively analysed in the past.

      I'm NOT an expert but if I recall correctly, the Canadian tar sands require huge amounts of natural gas which is becoming hard to find. They also emit vast quantities of CO2 that would put Canada in violation of its Kyoto commitments - which when they signed the treaty became international law. There are consequences for breaking them.

    2. Re:Very true. by GigsVT · · Score: 1

      They are, it seems, ignorant of economics though.

      This feedback loop will perpetuate itself until some event or constraint tackles consumption growth in the exporters' side, or until the importers collapse from lack of new wealth to transfer. The former is the most likely scenario.

      Do they really think the US and Europe will sit around feeding all their money to Saudi Arabia, and not do anything about it?

      We have lots of alternative energy technology. None of it is very cost effective right now, because oil is cheap. If oil really did become that much more expensive that it was siphoning all the wealth away, we'd just start using alternatives.

      --
      I've had enough abrasive sigs. Kittens are cute and fuzzy.
  34. News to Nerds by Doc+Ruby · · Score: 1

    Does anyone believe that this info is "new", or do you believe that this info has been well known to oil corp execs for years, even decades?

    --

    --
    make install -not war

  35. The End Is Nigh by RomulusNR · · Score: 2, Insightful

    I love, really love, all the stats that show that We Are At Peak Oil Right Freaking Now (And Then We Will Plummet Like Mad). This to me is like saying The World Will End On October 18, 2006, So Repent Now Or Perish.

    If maybe these studies showed We Hit Peak Oil Three Years Ago And Now We See A Definite Downward Trend, or even We Will Hit Peak Oil In About Ten Years, Give Or Take, then there may be something to it, but this Hey, Peak Oil Is Right Now, We Swear stuff just sets off my We Really Don't Know When The Fuck Peak Oil Will Be alarm.

    --
    Terrorists can attack freedom, but only Congress can destroy it.
    1. Re:The End Is Nigh by lawpoop · · Score: 1

      "...The World Will End On October 18, 2006, So Repent Now Or Perish."

      Oh SHIT!

      I gotta get my house in ORDER!

      --
      Computers are useless. They can only give you answers.
      -- Pablo Picasso
  36. No, we're running out!! by XanC · · Score: 1

    Finally, everybody is starting to realize we only have a few years' worth of oil left. Duh! It's been that way for DECADES!

    1. Re:No, we're running out!! by fm6 · · Score: 4, Funny

      Yeah, people keep talking about how the oil supply is finite, and they keep turning out to be wrong. Obviously it's infinite, so let's just stop worrying!

    2. Re:No, we're running out!! by russ1337 · · Score: 1

      What the report failed to mention is that the earth is like a giant M&M - solid on the outside and filled with OIL !

    3. Re:No, we're running out!! by n2art2 · · Score: 0
      we only have a few years' worth of oil left. Duh! It's been that way for DECADES!


      So your saying that a few years is equal to decades huh???? So Decades ago we only had a few years' worth of oil left???? Wow we must be really conserving then to ration those few years for a couple of decades. Go us!!!
      --
      Self proclaimed wannabe geek. You know how it is. Most of us who read this stuff probably fit in that category.
    4. Re:No, we're running out!! by Mikya · · Score: 3, Funny

      So how many houses do you think you could power if we put a wind turbine behind this guys head?

    5. Re:No, we're running out!! by Anarke_Incarnate · · Score: 1

      Dude, that is such a ripoff. Saving oil that should by all belief run out by now and have it last longer? Mother-F'er that's Channukah

    6. Re:No, we're running out!! by AngryUndead · · Score: 0, Troll

      So the Jews hold the power to the world's oil reserves. Shocker.

    7. Re:No, we're running out!! by ratsg · · Score: 2, Insightful

      The stone age didn't end because we ran out of stones, and the oil age wont end because we ran out of oil

    8. Re:No, we're running out!! by joebp · · Score: 1

      we ran out of stones?! jesus the environment's in worse shape than i imagined!

    9. Re:No, we're running out!! by LilGuy · · Score: 1

      I swear I just saw on TV about some US oil company finding trillions of barrels off the pacific coast or some shit... it's amazing how the story keeps changing.

      --

      You're nothing; like me.
    10. Re:No, we're running out!! by Jeremi · · Score: 2, Insightful
      The stone age didn't end because we ran out of stones, and the oil age wont end because we ran out of oil


      Your implication is that the stone age ended because we found something better than stones to switch to. Perhaps so, but it raises the question, what is there that is 'better than oil' (read: cheaper, more convenient, less polluting) that we will switch to this time? Other than a breakthrough in nuclear fusion, I don't see another energy source that can easily scale to fill oil's shoes yet... which suggests that this time we may be switching to something else not because something else has been discovered that makes oil not worth harvesting, but rather because there's no longer enough oil available to meet our needs.

      --


      I don't care if it's 90,000 hectares. That lake was not my doing.
    11. Re:No, we're running out!! by fm6 · · Score: 1

      I think I speak for all present when I say: HUH?

    12. Re:No, we're running out!! by smittyoneeach · · Score: 1

      The Stones won't quit rolling, even if you drop them out of a tree.
      Relax. Think about your breathing.

      --
      Get thee glass eyes, and, like a scurvy politician, seem to see things thou dost not.--King Lear
    13. Re:No, we're running out!! by XanC · · Score: 4, Insightful

      Your "insightful" comment betrays a lack of economic understanding. There will be no discontinuity, no moment in the future when we run out of oil and everything grinds to a halt.

      We will never run out of oil.

      As supply decreases, the price will increase, and at some point something else will reach the cost/benefit ratio of oil. Rising prices will speed that along.

      But even giving you the benefit of "as supply decreases" is not borne out by history. Enviro-types have been telling us for decades that supply is dwindling, yet it increases every year.

      So on balance, I have no trouble with society using as much oil as it's worth for us to pay for.

    14. Re:No, we're running out!! by Squalish · · Score: 3, Insightful

      Yeah... that was (unfortunately) bullshit. And to compound it, conveniantly timed bullshit.

      --
      People in Soviet Russia, however, appear to be afflicted with amusing juxtapositions of the aforementioned situation
    15. Re:No, we're running out!! by Mark_MF-WN · · Score: 0
      The supply of oil, being finite, is inherently dwindling. The fact that oil extraction is increasing has absolutely nothing to do with the fact that there is only so much oil.

      Interesting fact: most people who win a big lottery are broke again with a couple of years. They have all this money, vastly more than they've ever had before. It seems unlimited. At first they probably stick to their old consumption habits, but gradually they spend more and more. If they have the intellect of dead raccoon (as do most people who play the lottery), then they assume that because they money has yet to run out, that it is indeed unlimited. Right up until the day they try to buy something and discover that they're broke. They have a finite amount of money, their use of it increases exponentially, and then it's all gone.

      Of course, if you expect oil to somehow be the one thing on the entire planet with a truly unlimited supply, that's your perogative. The great thing about freedom is that you can believe anything you like, no matter how ridiculous or insane it is.

      On a side note, remember when "enviro-types" were saying that our supplies of some metals could become seriously depleted? Has your home town/city/militia-camp had any of those outbreaks of people stealing copper wire from telephone poles? Funny, that. And wasn't natural gas supposed to be the cheap abundant fuel that would run our generators and heat our homes? What's the price of natural gas now? I have trouble dealing with the dissonance between the need to believe that "enviro-types" are automatically wrong as God's true son Dubya proclaims, and the overwhelming evidence that most claims made by environmentalists generally come to pass, if a bit behind schedule at times.

    16. Re:No, we're running out!! by cluckshot · · Score: 1

      I had a discussion with a Shell Oil Company Geologist working in the Mobile Bay area in 1989. During that conversation I asked him why certain bits of data which were incongruent with the popular conception that there was a shortage of oil existed. Each week end I was reading the new well totals in the Mobile paper and they were fantastic. (The list was usually 25 or 30 wells weekly, all between 150,000 b/day to 10,000 b/day). My job had me traveling a 5 county area and I noted that there were warning sirens supplied by the oil companies 65 miles north of the oil/gas operations. Having grown up pushing cars in gas lines and generally being sure that windmills and such were the future, I asked questions.

      It went like this. Question: "Why do you have warning sirens 65 miles north of your wells?" Answer: "We figure that if we blow the rig [Gulf High Island II rig] that is about how far the fire ball will be in about 10 minutes. Question: "If the fire ball is that big in 10 minutes, what are the prospects for the rest of the State of Alabama [Extends 369 miles to the north]?" Answer: "We figure that inside of the next 30 minutes to an hour, nobody will be left alive in the State of Alabama." Question: "If this is so, what is this I hear about a shortage of energy?" Answer: "We are not worried about running out of oil. We are worried about running out of Air to burn!" At this point he reached over and handed me a sample core from one of the wells. I would have assayed it to be glass. It was not what I would call permiable material. It was actually a sedimentary rock but it was very dense and contained much sand in the matrix. He then told me that they actually had not drilled the primary deposit. The deposit was more than 100 miles off shore and they had drilled into a leak in the edge of the deposit and were using the leak as a pressure reducer. The pressures at Gulf High Island II were 31,500 psi. He said that the estimated pressure in the deposit was about 165,000 psi and they actually were afraid to drill the deposit.

      Off shore of the US Gulf of Mexico coast of Alabama and Florida is the worlds largest deposit of Oil and Natural Gas. It is so large that even the Petronius field is still some 60 miles or so away from the prime deposit and has pressures at 65,000 psi. The middle eastern deposits never go much above 1,500 psi. This deposit is so large that it contains enough natural gas and oil to supply the entire world for several centuries. The reasons for its slow development are primariy political and some in the safety arena. It is a deposit that could easily cause a catastrophy on the scale of the largest mega-volcanic or asteroid impact events if it is mishandled.

      The issues of supplies of oil all ignore the USA. On land in the USA in the Eastern Overthurst region is an estimated 6 Trillion Barrels of oil. In the Western Overthrust is estimated 12 Trillion Barrels. In the Rocky Mt Shales and Tar Sands in the USA and Canada are something in the order of 50 Trillion Barrels of Oil. The deposits in Alaska and the Arctic Sea are stunning besides. The Atlantic Coastal Deposits of Oil and Natural Gas in the US Waters are probably larger than all of the Land based estimates. The Pacific Coastal waters of the USA have massive deposits as well. All of these deposits are not drilled because of US Domestic Political decisions. Coal in the USA dwarfs oil and gas 100 to 1. Again most of these deposits are not developed due to political reasons.

      There is no shortage of energy nor is there going to be any shortage in the forseeable future. There is a terrifying reality that the pollution, damage, danger and general messing up of the earth will be beyond that which should be accepted. If human growth trends in usage continue, we will see serious depletion of oxygen supplies in many areas and general poisoning of the earth. Oxygen depletion already is locally killing something like 25,000 persons a year on some regions of the earth. (Mexico City for example sees about 5,000

      --
      Never Politically Correct ~ I prefer the facts If you don't like what I say, get a life, or comment yourself.
    17. Re:No, we're running out!! by Anivair · · Score: 1

      The supply does not dwindle. What dwindles is the readily available oil. the oil that's easy to get and refine. Refining is the ultimate problem.

      We can GET all the oil we want. But unless we can refine it we can't use it. As it hgets hard to get at it and refine it the price goes up just as you say. eventually oil will be too expensive to excuse using it as a source of fuel and then it'll all go another route.

    18. Re:No, we're running out!! by Anonymous Coward · · Score: 1, Informative

      Well, there's a "hot deep biosphere" theory that perhaps oil is continually replenished by subterranean bacteria. It sounds crazy, and I'm inclined to suspect it is, but it's the brainchild of respected scientist Thomas Gold and apparently there is some evidence for it.

    19. Re:No, we're running out!! by Jeremi · · Score: 1
      The supply does not dwindle.


      Interesting. So somewhere on Earth there is a process that creates new oil as fast as we use up the oil we've recovered. Can you describe how that process works?

      --


      I don't care if it's 90,000 hectares. That lake was not my doing.
    20. Re:No, we're running out!! by despisethesun · · Score: 1

      Although I'm no proponent of the theory, Thomas Gold proposed an abiogenic origin for petroleum.

      --
      This poo is cold.
    21. Re:No, we're running out!! by Bob+Gelumph · · Score: 1
      Your implication is that the stone age ended because we found something better than stones to switch to. Perhaps so, but it raises the question, what is there that is 'better than oil' (read: cheaper, more convenient, less polluting) that we will switch to this time?

      I doubt that it would have been cheaper or more convenient to manufacture an axe from bronze than stone towards the end of the stone age. It seems that your definition of 'better' is lacking. I agree that "cheaper, more convenient, less polluting" are things to look at, but there are surely other ways to measure better, such as non-dependance on a source or portability and safety of a design.
      It's just that most people are cheap enough to wait for other people to buy into the expensive technologies, such as HO Fuel Cells so that the price will drop.
      When the stone age was ending, it probably took hundreds of years for bronze to be adopted properly, due to the new infrastructure required to dig it up and work with it. Since the creation of 'Alternative Energy' technologies, the adoption has probably been at a rate that would outpace the adoption of bronze. In 50 years time, fossil-sourced oil will pretty much be a thing of the past and from far in the future, the change to alternative energies will seem to have happened rapidly

      --
      I'm gonna need a spec.
    22. Re:No, we're running out!! by Impy+the+Impiuos+Imp · · Score: 1

      Bzzzt! Thanks for playing, please come again.

      Your mental model of reality is flawed in that it presumes there aren't tens of thousands of businessmen and engineers and scientists in every industry all trying to think up ways to privide things more cheaply, so they can get more money in their own pockets. Such a concept is foreign to one who thinks in terms of command-and-control solutions to problems, and the need for rationing and government intervention.

      Which, of course, is what drives up the scarcity.

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    23. Re:No, we're running out!! by Impy+the+Impiuos+Imp · · Score: 1

      Hmmm, link didn't work.

      Let's try again...

      "If you made a mistake, well, you should have used a more modern BBS system with an "Edit" button."

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    24. Re:No, we're running out!! by PhysSurfer · · Score: 2, Informative

      Your "insightful" comment betrays a lack of economic understanding. There will be no discontinuity, no moment in the future when we run out of oil and everything grinds to a halt.

      You seem good at doling out insults and thumbing your nose, let's see how your rhetoric withstands close scrutiny.

      As supply decreases, the price will increase, and at some point something else will reach the cost/benefit ratio of oil. Rising prices will speed that along.

      You seem to understand that oil will get more expensive in the future, yet you fail to comprehend the implications. According to Peak Oil theory, once the rate of oil production hits its peak, we will have extracted half the available supply. The remaining half will be more expensive to extract. The problem, which you seem to miss, is that we have no cheap energy source to replace it, nor will one be available in the forseeable future. Once costs rise enough to make other energy sources preferable, energy will be far too expensive to make modern western society feasible. The problem is compounded by the fact that world energy demand is rising and places like China and India want their citizens to have the same quality of life as people enjoy in the US. If we continue to increase our consumption of oil without a suitable cheap replacement, economic and political catastrophe could result.

      But even giving you the benefit of "as supply decreases" is not borne out by history. Enviro-types have been telling us for decades that supply is dwindling, yet it increases every year.

      Again, you just don't seem to understand the situation. In Hubbert Peak theory, supply will continue to grow until the peak is reached. The problem is that the rate of growth is decreasing, as is easily discerned from this graph. From the rate of growth we can predict the approximate year of production, which is 2006-2010 based on current trends (see above wikipedia article).

      So on balance, I have no trouble with society using as much oil as it's worth for us to pay for.

      On the balance of what? Poor economic understanding? As I've demonstrated, our current rate of oil consumption could lead us to catastrophe. By conserving, we have the power to change that. Even if you don't think about Peak oil, there's reasons to conserve. The US currently accounts for about 25% of the world's oil consumption, yet only accounts for 5% of its population and 9% of its production. Importing 64% of our oil costs us a lot of capital, and gives countries like Saudi Arabia power and a hold over us that they wouldn't have otherwise. In addition, hydrocarbons are very useful for other things besides energy. Polymers are a cornerstone of our technology, and its in our best interests to keep oil cheap for further breakthroughs.

      People like you make me sad. You think the market will magically rescue us and use that to justify a greedy and ignorant lifestyle. I hope that it doesn't come back to bite us in the ass.

    25. Re:No, we're running out!! by Anonymous Coward · · Score: 0

      So on balance, I have no trouble with society using as much oil as it's worth for us to pay for.

      So you have no problem with society spewing out tons of CO2 into the atmosphere and exacerbating the demise of a sizeable number of species?

      http://news.nationalgeographic.com/news/2004/01/01 07_040107_extinction.html

      Dude. Plug your mouth and your car's exhaust. You're spewing a lot of sh!t.

  37. Economics FUD by Animats · · Score: 1

    We now know that's wrong. The increase in prices from $20/bbl to $60/bbl only produced a modest increment in supply, and very little of that increase is from new sources. It surprises economists how inelastic oil supply is is, but it doesn't surprise geologists. Read Deffeyes. There is no remaining "long tail" in oil. Once there was, but we're in the tail already. The easy fields were pumped out years ago. There's never been another Spindletop, at 80,000bbl/day from one well, back in 1900. The US average today is ten barrels a day per well.

    Demand is also rather inelastic. The runup from $20 to $60 resulted in about a 1% decrease in consumption.

    1. Re:Economics FUD by StateOfTheUnion · · Score: 1
      However that doesn't mean that there won't be bumps and starts are we continue down the tail . . .

      Additionally I wouldn't say that the oil supply is terribly inelastic . . . unless one considers the time horizon. If we consider that it takes 5-10 years for extraction to go from on paper to production and about 5 years for a refinery to go from paper to grassroots startup, then the process really isn't terribly inelastic. However, compared with quarterly numbers, textile production, and agricultural cycles, then oil looks terribly inelastic.

      Elasticity is the percent change in supply or demand per percent change in price. There is no time domain associated with elasticity . . . . saying something is inelastic because one is too impatient to wait for the entire settling time in the system is a fallacy. The elasticity is actually unknown.

      It's really all relative . . . and saying that oil is inelastic is really an admission that one may not understand the scale size and requirements of the industry. If oil prices went to $100/barrel for 5 years straight, we would see that the oil industry is more elastic than economists currently observe.

    2. Re:Economics FUD by Keebler71 · · Score: 1
      The increase in prices from $20/bbl to $60/bbl only produced a modest increment in supply, and very little of that increase is from new sources.

      True, but that only proves that recovery technolodies aren't profitable at $60 (based on the economy's limited exposure at this price point). What if it stays at $60 for 10 years? What if it goes to $150 for one year? Greed (profit) is an excellent motivator...

      --
      "It takes considerable knowledge just to realize the extent of your own ignorance." - Thomas Sowell
    3. Re:Economics FUD by An+Onerous+Coward · · Score: 1

      If it stays at $60 for ten years, then that's a pretty good sign that all the $40/barrel oil has disappeared off the face of the Earth. I don't think it will ever hit $150 for any extended length of time, because at that price, all sorts of renewable resources beat oil mercilessly. There simply won't be a reason to bother.

      I think it will be a catastrophe if they find a way to extract significant supplies of oil from tar sands at a price below the tipping point for renewables. The quantity of available oil is huge, we have to burn half of it as part of the extraction process (which means your car will effectively put out twice as much CO2 as actually comes out of the tailpipe), and we won't cut back until all that tar has passed through the economy and entered the atmosphere.

      Simply put, if we could just institute a hefty carbon tax on every barrel of oil we import or extract, then we could easily redirect all that greedy motivation towards pursuits that will be in our long-term interests.

      --

      You want the truthiness? You can't handle the truthiness!

  38. Net energy profit = economically viable by xtal · · Score: 1

    The issue is not can you make money doing it.

    The issue is can it be done at a net energy profit.

    I'd be more optimistic if we were looking for ways to turn hudson's bay into a hydroelectric site to run the pumps.

    That graph is one of the reasons I've held off on having kids. You better hope those guys at Steorn have something. Or sometime, between now and ~2030, someone comes up with something similar. Or makes fusion work. Or we're all toast.

    --
    ..don't panic
  39. Exaggeration is definitely not required. by Kadin2048 · · Score: 1

    No, not at all.

    Predictions need to be made in a clear "if, then (uncertainty)" format.

    That is, every time someone makes a prediction, they should be clear about the assumptions which are being used to create it. E.g., rather than just saying "Oil production will peak in 2007," it should be said, "If current rates of consumption and production continue, then oil production will peak in 2007, plus or minus two years." It states the assumptions, the prediction itself, and the uncertainty with which the prediction is being given.

    That said, I maintain that the most useful predictions for people to understand, are the ones which extrapolate a current trend into the future, adding the minimum number of additional 'ifs.' Saying "if we continue to do x, then there is a y chance that z will happen," is not a scare tactic, it's honesty. Including a lot of trends, such as future technological developments which are difficult to predict, into the 'if' part of the statement, just make the prediction more difficult to use and increase its ultimate uncertainty.

    --
    "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    1. Re:Exaggeration is definitely not required. by OwnedByTwoCats · · Score: 1

      Saying "Oil production will peak in 2007" means that current rates of production will not continue.

    2. Re:Exaggeration is definitely not required. by Kadin2048 · · Score: 1

      You're correct; in that example I should have said "trends" and not "rates." E.g., 'if current trends in production and consumption continue, oil will peak...' or 'if current trends in consumption and exploration continue...'

      In other words, one would be extrapolating the change in production forwards rather than the actual amount of production (first derviative, basically).

      Nonetheless, the point of all my comments boil down to "don't make more assumptions than absolutely necessary," and "state all of the assumptions and their justifications whenever possible."

      --
      "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
  40. Comments after study are interesting by us7892 · · Score: 2

    The exchange of opinions and critique in the comments that follow the study are interesting, and worth reading. Be sure to take a look at those. This study seems familiar. Isn't one of these done every five or ten years? And the outlook is always worrisome. And then, ten years later, the "revised" outlook is again worrisome, while predictions of the past ten years turned out to be off-the-mark.

    Perhaps this study is correct, and fuel shortages will pin the price of gasoline at $30 per gallon in 2020...I'd bet that other energy technologies will have made leaps and bounds by then, and petroleum will not be a problem for most economies.

    Perhaps water and fresh air will be the problem...a sci-fi book or two are coming to mind...

    1. Re:Comments after study are interesting by jelle · · Score: 1

      I was quite put off by comments such as "This is merely denial, which is common enough -- whether it is slashdot or Forbes.". A lot of the first comments just reeked of elistism commonly found by peak oil evangelists. One comment says "otherwise you will be sitting like Cassandra as everyone blames oil company gouging for $150 per barrel oil.".

      Sigh... It gets better after to ignore the first couple of comments...

      The article itself is interesting, but nothing news. Of course oil is on its way out, and its price on its way up. The world, however, is not made of oil. The article tries to predict oil and then uses the results to predict the global economy. It totally ignores everything else.

      So let's look at $150 per barrel, assuming that would be around $6-$9 per gallon. A lot of people would still drive at those prices, just not as much, and definitely prefering smaller cars. Flights would get extra expensive and all goods would have big transportation-related price increases. Based on that I would have to agree that it will probably give a nice big push into a recession. But a recession, even a big one is not the same as going back to the 'Stone Age', it simply means having a simpler, poorer (or less rich), less traveled, less air-conditioned, and/or a much more energy-efficient life.

      Note that even already at $100 per barrel, 'the power goes out' will not be the response, but 'the wind farm gets approved' will be more close to reality. When energy get very expensive, then suddenly that windmill, solar plant, etc, will be a lot more economic to build. Expect headlines "town builds windfarm to pay for increased energy costs" to "solar panel demand outpacing supply" and "general motors' popular 70mpg mini-automobile", not "no more electricity because of expensive oil". Motorcycle demand, already strongly growing in the last decade, will increase even more when people find out how little gas a motorcycle needs.

      Instead of paying for the new palace for the oil sheikh, each $150 (or more) per barrel equivalent of energy that is generated in the country is used to pay for people building and maintaining the (alternative) energy source that generates the energy. Such a new industry will create a lot more local jobs and economical activity than the $60 per barrel that is flowing into the middle east right now.

      Note that the San Francisco Golden Gate Bridge and the Empire State Building were built in the middle of the Great Depression, as a bold move by the rich (NY) and the working people (SF) to not only supply jobs to the people working on those projects, but to also motivate the people who were strongly depressed by the recession, and last but not in the least also to build part of the infrastructure that was needed to help the country climb out of the recession. Alternatives to oil, and its development and (frantic) construction will be the Golden Gate Bridge and Empire State building of the early to mid 21st century.

      And we'll all come out of it stronger than going in. Including the environment because we'll be polluting so much less.

      I'll end quoting one of the better comments below the article that points out a fundemental error in the article: "The bottom line is that everyone, oil exporters and importers, is subject to the pain of shortages and is forced to choose between a barrel of oil and $60 or $100 or whatever it is at the time. Which do you want more, the oil or the money. That is the choice that everyone faces whether they are importing or exporting. As oil gets more expensive, more and more people will choose the money over the oil, and consumption will fall regardless of the country's export or import status."

      --
      --- Hindsight is 20/20, but walking backwards is not the answer.
  41. Re:There's plenty of Oil and the Economy is just f by dpilot · · Score: 3, Funny

    Using energy, particularly derived from fossil fuels, is a RIGHT! Nay, an OBLIGATION!

    Only a terrorist or a commie pinko would think of energy usage as a cost, something to be balanced and minimized!

    --
    The living have better things to do than to continue hating the dead.
  42. Resource substitution by Anonymous Coward · · Score: 0

    What we always do when we run out of one thing is to substitute another. When we run out of liquid petrolium, we will substitute agricultural wastes. http://www.changingworldtech.com/ If we could do that now, we would no longer need to import oil.

    The oil from turkey guts thing seems a little over-rated right now but at the present cost of oil, it is profitable. We also have many energy from waste projects. http://en.wikipedia.org/wiki/Waste-to-energy We can also depolymirize coal. http://www.osti.gov/energycitations/product.biblio .jsp?osti_id=10158212

    I'm not remotely worried about running out of oil. I am, however, worried about greenhouse gasses. Fortunately, some of the oil substitutes are carbon neutral. In that regard, running out of oil might be a good thing.

  43. wrong again, that GOM find is misleading... by Gooseygoose · · Score: 1
    Re: the Gulf of Mexico, don't believe all that you hear. Dave Cohen completely debunks that in this post at TOD:

    http://www.theoildrum.com/story/2006/9/8/11274/836 38
    we'll never get as much oil out of that as you've heard, my friend.

    1. Re:wrong again, that GOM find is misleading... by ScentCone · · Score: 1

      we'll never get as much oil out of that as you've heard, my friend

      I have no specific expectations about that... but I do know that the US sells oil into the wider market (or even, essentially, to itself). That the US production (in dollars) isn't part of the chart is just one of the reasons it comes across as rather pointless.

      --
      Don't disappoint your bird dog. Go to the range.
    2. Re:wrong again, that GOM find is misleading... by Anonymous Coward · · Score: 0

      The US imports half of all the oil it uses. Therefore its not a net exporter. Therefore its not in an article about the future of net exports - only those countries with oil to spare are. If they aren't there to export it, you can't buy it.

    3. Re:wrong again, that GOM find is misleading... by ScentCone · · Score: 1

      The US imports half of all the oil it uses. Therefore its not a net exporter. Therefore its not in an article about the future of net exports - only those countries with oil to spare are. If they aren't there to export it, you can't buy it.

      You're missing the point. The conversation and spin surrounding the graphic, as shown and discussed here, equates it with a supply forecast. It's not.

      --
      Don't disappoint your bird dog. Go to the range.
  44. Re:There's plenty of Oil and the Economy is just f by Anonymous Coward · · Score: 0

    Actually, according to Shrub and co., there's plenty of oil and the economy is fine, unless the Democrats take over Congress and the White House, in which case the world will end and the terrorists will win!

  45. On the contrary; reduction of assumptions by Kadin2048 · · Score: 1

    You are advocating blatant propaganda, and the manipulation of poblic opinion through the biased use of what should be a neutral source of information and analysis.

    Not at all. Not even slightly.

    On the contrary, I'm saying that predictions should be made with the minimum of error-inducing assumptions.

    Simply assuming that we'll develop (and implement!) some technology that will reduce our oil consumption seems very dangerous. Particularly since, in making the prediction yourself, you're altering the chances of that assumption being right.

    Rather than packing all sorts of potentially unwarranted assumptions into the prediction, I think it's more scientifically valid to take what is known right now, and extrapolate it into the future, so that the reader can be presented with a clear if-then statement, along with an estimate of the certainty of the extrapolation. I.e., 'If some trend continues, this will probably be the effect.'

    Unless the paper or report also has an in-depth discussion of the likelihood of various technological developments, I don't think that it is generally appropriate to include them in a prediction, since the reader will probably not have the information necessary to judge whether it's valid or not.

    In short, building in predictions about future technological developments to the prediction seems far more prone to propagandization than simply drawing out a straight trendline based on currently accepted consumption and production/exploration data. The latter may not be valid for very long, but is at least easier for a reader to understand, interpret, and choose whether to believe.

    --
    "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    1. Re:On the contrary; reduction of assumptions by OwnedByTwoCats · · Score: 1

      Economics holds, as a tentative conculsion, that people react to price signals.

      Observations of human economic interactions back up this conclusion.

      It isn't new techonolgies that will reduce usage of oil when the price goes up, it is the individual's self interest.

      It is much harder to predict the extent to which production will decline. The extent to which the price will rise. The extent to which the rising price of oil slows down overall economic activity, relieving some of the pressure lifting the price of oil. These are all the known unknowns (to borrow from Rumsfeld) that make predicting the exact future very, very hard.

    2. Re:On the contrary; reduction of assumptions by aevans · · Score: 1

      You don't know that those are all the known unknowns. There could be some known unknowns that you don't know about, but if they're unknown to you, they would be unknown unknowns to you, so I can't really fault you on that, just ask you to qualify the "all" in your quantifying of known unknowns.

  46. Re:I'm not worried - Bio-diesel by OakDragon · · Score: 2, Informative

    On "The Mythbusters," I was amazed to see how ordinary strained vegetable oil would power a diesel car. I was under the impression that you had to do a lot more to the old oil. I do understand that some (rubber?) parts of your engine will have to be changed for long-term use, but I am still impressed.

  47. Re:World population will be 6x10^9 by the year 200 by fm6 · · Score: 4, Insightful

    And how do we produce all that food? With petroleum-based fertilizers. We're using a finite resources that's getting harder and harder to come by to feed an exponentially growing number of people.

    This topic always has people saying, "There's always been a fix for this kind of problem. We'll find the next one when we need it." OK, probably we will next time. And the next time. But if we keep pushing our luck, we're going to come up dry one of these days.

    Now, I'm willing to do that feed people. But to indulge people's SUV habit? Uh uh.

  48. No, 2005, the peak has passed by Anonymous Coward · · Score: 0

    No the peak they predict was past in 2005. Opec are cutting production because they claim they want to keep the price high, but it's $60 already. Protected reserves like Florida gulf and National wildlife reserves are being opened up, they total less than a years world consumption.

    It's not really a prediction, more an observation of why oil is expensive and fluctuates wildly based on demand. Welcome to the peak, the demand dictates the price, and the supply only keeps pace.

  49. Actually, there's a good point there... by DragonWriter · · Score: 1

    Lots of agricultural regions of the world (and others) are having trouble with freshwater supplies, minable phosphates (a key component of artificial fertilizers) are nearing exhaustion, and other resource and climate effects are threatening food production, as well. We could very well see a crisis in food production in the not too distant future.

  50. Re:Peaking.. now? - Other skepticisms by StateOfTheUnion · · Score: 2, Interesting
    More skeptical is the fact that the study only includes net exporters . . . what about the consumer demand in net consumer countries? Doesn't this affect price which drives exploration and technology development in the industry? Already the "dry" US oil wells are being given a second look with new technology to extract what was considered to be economically unprofitable oil only 5 years ago. Now at higher prices, this oil may be profitable to extract. That's not to say that we won't run out, but as demand in China and India ramps up, prices are likely to surge which will mean that all the assumptions that current rates of increase or decrease will remain constant are just plain silly assumptions.

    The study, though academically interesting was pragmatically dead before it was even published. It doesn't even begin to look at the entire global market; just a subset of it. And based on this subset that leaves out some of the world's largest consumers, they make projections on the future world oil market.

    The basics of simulation dictate that you can't make predictions if your model inputs with the most significant gains (ratio of input move size to output response size) are left out of the model. Otherwise disturbances in the variables with larger gain are going to overwhelm the smaller gain variables. Right now I would say that China and India are large gain inputs to any projection of world oil markets. And this guy left them out.

  51. Re:World population will be 6x10^9 by the year 200 by GOD_ALMIGHTY · · Score: 1

    Well, good old progress has allowed us to produce a lot more food than we could back in the 70s, when people were fond of predicting we'd all be dead of starvation by now, on account of there being too many of us to ever possibly feed.

    As it turns out, the population has grown as predicted, but progress managed to keep up.


    Too bad we've used up all the oil doing it.

    --
    Arrogance is Confidence which lacks integrity. -- me
  52. Blame the 'mericans. by Kadin2048 · · Score: 1

    I'd rather not see Canada turn into a toxic wasteland and increase CO2 emissions so that Americans can keep driving their SUVs.

    Uh huh ... it'll be becase of those bad old Americans who just came up and stole that oil in the middle of the night from the poor ignorant Canadians, and not because they willingly sold it on the open market for the going price.

    Just keep in mind that a transaction requires a buyer and a seller. That oil isn't going anywhere unless the Canadians decide to sell it. If they want to sell it despite the environmental damage that it will do, that's their decision. You can't really blame the buyers for that.

    --
    "Ladies and gentlemen, my killbot features Lotus Notes and a machine gun. It is the finest available."
    1. Re:Blame the 'mericans. by DigitalRaptor · · Score: 1

      Well, Americans do consume 25% of the worlds energy, while having only 5% of the population.

      Both the buyer and the seller share equally in the burden of blame, in my mind.

      But if Americans ever want to enjoy security again, we have to break our addiction to foreign oil. Which, unfortunately, won't be anytime soon.

      --
      Lose Weight and Feel Great with Isagenix
    2. Re:Blame the 'mericans. by bodan · · Score: 1

      Just like you can't really blame the buyers of ivory, leopard skins, rhinoceros horns and shark cartilage for the near extinction of the respective species, right? I mean, if the hunters will hunt them, it's their decision, the buyers just pay for it!

      (Note that none of the above species is yet extinct, as far as I know (though that I think some have <i>very</i> low populations, and I think some big cats have been exterminated). But we didn't slow down killing them until they were very close, and some are still being killed.)

      --
      "I think I am a fallen star. I should wish on myself."
  53. This makes no sense by Overzeetop · · Score: 0, Troll

    Okay, so I skimmed that article. All these graphs and charts seem to be based on a non-zero origin - the export quantity of oil. Shouldn't you start with the total capacity of oil (not just exports), then subtract the projected use of oil to get a net supply-demand curve and extrapolate dollars (or future world collapse) from there?

    Also, this whole discussion misses an enormous fact of economics - as one item gets expensive, consumers will find substitutes of comparable value to fill their needs. There is debate over the CPI in the US, as they use a (relatively) fixed shopping list. If the price of beef (for instance) doubles, people will eat more chicken until a more equitbale price point returns for beef. "Alternative" energy isn't quite as well developed, but we are seeing direct reactions to the oil prices of the last few years (I like to tell my Republican friends that I paid less than a dollar a gallon for gas at the end of Bill Clinton's presidency, and I'm disappointed that their President has cost me more in gas than he has saved me in tax cuts). The movement of energy supply and demand moves on a larger time scale - several years to decades - simply due to the infrastructure required. Peak Oil, whenever it occurs, will not be an "event" but rather a long term, low angle curve which is extended indefinitely by technology and evolutinary changes in the energy market.

    --
    Is it just my observation, or are there way too many stupid people in the world?
    1. Re:This makes no sense by rethin · · Score: 1
      Okay, so I skimmed that article. All these graphs and charts seem to be based on a non-zero origin - the export quantity of oil. Shouldn't you start with the total capacity of oil (not just exports), then subtract the projected use of oil to get a net supply-demand curve and extrapolate dollars (or future world collapse) from there?
      No, Not really. The whole point is to find the peak in production. By using a non zero origin, you are just zooming in on the top of the graph for clarity. The problems arise when the world produces as much oil this year as last year. But the world uses more oil than last year. Past evidence is pretty conclusive that when this peak hits it is permanant. Yet consumption is not constrained until recession/depression hits.
    2. Re:This makes no sense by Overzeetop · · Score: 1

      But all of your oil negative countries count as zero, and never affect the total. If the US were to tap some of its vast oil resources (be they of the coast of florida ot in the arctic), that would affect the equation, but the "oil production" would go from zero for the US to zero, despite a (assumed) net gain of several million barrels in world production (choose the appropriate time scale to make tht number appropriate in size). It presumes that any nation which is not currently exporting will never find more oil, and will never export. Perhaps a valid assumption, but if you're looking for peak oil, shouldn't you look at all the production?

      --
      Is it just my observation, or are there way too many stupid people in the world?
    3. Re:This makes no sense by rethin · · Score: 1
      If the US were to tap some of its vast oil resources (be they of the coast of florida ot in the arctic), that would affect the equation, but the "oil production" would go from zero for the US to zero, despite a (assumed) net gain of several million barrels in world production (choose the appropriate time scale to make tht number appropriate in size). It presumes that any nation which is not currently exporting will never find more oil, and will never export. Perhaps a valid assumption
      For the most part a valid assumption. A counter exaple is the Soviet union. They had a twin peak in exports. They peaked just before they fell apart('89ish) and they are peaking again now(or the near future). The reason their exports fell was because of political reasons. But for a country like the US (and just about everyone else) the peak is geological. So it reflects Hubberts curve better. Even if the US taps all its remainin oil, off the coast of florida, in alaska, everywhere, it is just peanuts compared to what we pumped out of the east Texas fields in the 60's and 70's. Pissing in the ocean, it won't even come close to making us an exporter again. The same holds true for most of the world. All the big easy fields have been found decades ago. Jack 2, the new deep water gulph "find" is a collection of hundreds of tiny fields under miles of water an rock. It will proberbly never be developed no matter what the cost of oil. The tar sands in canada won't ever produce anything near what a traditional light sweet field gives us. There are good reasons we ignored these marginal sources for so long, they suck, we can't get (very much) oil from them.
      but if you're looking for peak oil, shouldn't you look at all the production?
      Actually peak exports is really the problem. Who cares how much oil a country is producing if they use it all themselves. The US and EU are oil importers. We really only care about oil that we can import, not how much Russia is keeping for themselves. Read this primer for a better explanation than I can give http://www.wolfatthedoor.org.uk/
  54. Answer: by Overzeetop · · Score: 1

    We don't know how long PEX will really last. CPVC is no longer very wisepread. PB piping here appears to be caught up in litigation, too. There just isn't a 100 year track record on the stuff. I know of hydronic systems which have failed using it (though they are anecdotal, at best).

    The fact is that copper works. It has its drawbacks (degradation under certain hard water conditions, water hammer effects), but it's durable and proven. If I'm building a half-million dollar house I plan to live in for the next 40 years, do I save the $800 on PEX over copper? Probably not. If I'm a builder with a 1 year statutory liability and 100 houses to build, I save that $80,000 and go buy me a new boat.

    --
    Is it just my observation, or are there way too many stupid people in the world?
    1. Re:Answer: by snarkth · · Score: 1

      CPVC is no longer very wisepread.

        Maybe in your area, but certainly not here, and neither where I lived before four years ago, either. In new installs, certainly. In repairs, it dominates copper. Swab&glue is a heckuva lot easier for most people than using a torch is.

        As to cost, here, pex is more expensive - and yeah, it's easier to charge for - but it's by far the most common install in new construction.

        I've dealt with copper for years, and plex is like a breath of fresh air, actually. It's *much* easier to install and maintain, and one only needs three or four tools to work with it - unlike copper, for which I have a thirty gallon tote full of tools.

        I'd much rather deal with plex, thank you. Plus it has great freeze resistance ;-)

        *snark*

  55. OMG by Anonymous Coward · · Score: 0

    My father is a pres. of Shell USA and a VP of Shell Intl.

    If that is true, you're the only one on slashdot who will buy a PS3. That is more shocking than anything you can tell us about oil.

  56. WHOOOSH by Anonymous Coward · · Score: 0

    n/t

  57. You want a threat? by Plutonite · · Score: 1

    All this is nothing, just analysts going at it again. The real shockers will come when we decide to invade/bomb another country with large contributions to the oil markets (let's say Iran). It is the news that makes the market move, the rest is a load of BS coming from people who have no idea what the earth holds or where, and that is being revealed on a non-regular basis.

    Always good to be very prudent, but keep the tinfoil hats for the real situations.

    1. Re:You want a threat? by dbIII · · Score: 1
      The real shockers will come when we decide to invade/bomb another country with large contributions to the oil markets (let's say Iran)

      If you have three ground wars and a variety of other military operations that is about the point where the USA will have to file for bankruptcy.

  58. Re:World population will be 6x10^9 by the year 200 by susano_otter · · Score: 2, Insightful

    You say that if we keep pushing our luck, sooner or later it's going to run out.

    I say that if our luck consistently doesn't run out, after a while it's not really luck anymore, is it?

    We don't say the cheetah is "lucky" because it's able to run so fast. We don't say the albatross is "lucky" because it's able to fly so far. Why should we say that it's "luck" that humans are naturally adaptive to changing conditions?

    --

    Any sufficiently well-organized community is indistinguishable from Government.

  59. Problem is production rate by homer_ca · · Score: 2, Informative

    There may be a large *amount* of reserves in the tar sands of Canada and the heavy oil of Venezuela, but it's useless if you can't produce it at a rate fast enough to keep up with global demand and the decline of old fields. I really do hope that new sources of energy can replace oil because the alternative is a doomsday collapse scenario. The risk here is the time lag between the market signal of high oil prices and the commercial availability of alternative transportation fuels in useful quantities. Even with rising oil prices, there will be a few boom and bust cycles where low oil prices make alternative energy unprofitable, and private investment will be risky.

    1. Re:Problem is production rate by Sj0 · · Score: 1

      The oil sands are definitely not ready yet, but they're definitely on the way. They're the single largest capital investment in the entire country right now, and every tradesman, engineer, and technologist with a ticket and a year or two of experience is heading over there to make ridiculous dollars building and designing infastructure.

      --
      It's been a long time.
  60. Re:World population will be 6x10^9 by the year 200 by susano_otter · · Score: 1
    Too bad we've used up all the oil doing it.

    We used up all the oil? That explains why the price per barrel hit $200 in the 80s, and has been going steadily up ever since... only, not so much.
    --

    Any sufficiently well-organized community is indistinguishable from Government.

  61. Whats a fair price by Anonymous Coward · · Score: 0

    I live in Europe and I pay 1.25 USD approx per litre of diesel.

    My car consumes about 6 - 6.5 litres per 100 kms . I get about 1000 kms on a tank at a rough cost of @ 80 USD. My car is also 150 bhp. It is very nice. That is efficient compared to your average US gas guzzler. Cars keep getting more powerful and more wasteful.

    The focus should be on efficiency.

    As far as I am concerned oil is too cheap.

    All our problems can be solved by more efficient engines.

    1. Re:Whats a fair price by erikvcl · · Score: 1

      Where are you getting this information? Cars keep getting more efficient year after year. Look at the average fuel consumption for cars in the 80s, 90s, and today.

      To say that "Cars keep getting more powerful and more wasteful" is ignorance and stupidity. Cars on today's market, at least in the US, have better fuel economy at the same (or improved) power levels as models 5, 10, 15, or more years ago. Even those "gas guzzling SUVs" such as Suburbans and such get around 20 or more MPG now.

      The focus IS on efficiency. You can see the number of economy cars on the road in the US. The number of SUVs is small by comparison. I understand that the "SUV craze" is affecting Europe as well. Why? Because the cars are damn practical. Come to the table with facts -- and post with your username not as an AC.

    2. Re:Whats a fair price by geekoid · · Score: 2, Informative

      interesting fact:

      There are 4 times more cars on the roads in Los angels, but only half the pollution.
      Most of that pollution is caused by the reamining older cars.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    3. Re:Whats a fair price by Grishnakh · · Score: 1

      My car consumes about 6 - 6.5 litres per 100 kms . I get about 1000 kms on a tank at a rough cost of @ 80 USD. My car is also 150 bhp. It is very nice. That is efficient compared to your average US gas guzzler. Cars keep getting more powerful and more wasteful.

      All our problems can be solved by more efficient engines.

      Wrong. If you want a more efficient engine, you need to give up your 150 bhp engine and install something with fewer cylinders and something on the order of 80 bph.

      Economy cars back in the 80s were far more efficient than today's cars, excepting the hybrids. Back then, the Geo Metro (made by Suzuki) with a 1-L, 3-cylinder engine got over 55 mpg. Cars like that are no longer available, however, because no one wants anything so underpowered.

      There's very little fuel efficiency left in conventional gasoline engines. It might be possible to get 5-10% percent better fuel efficiency than now by eliminating power steering (or using electric P.S.), using friction-reducing coatings inside the engine, improving valvetrain design, etc., but that's about it. If you want significantly more efficiency, the only way to go is either hybrid-electric vehicles, or something altogether different.

    4. Re:Whats a fair price by Cid+Highwind · · Score: 1

      Cars on today's market, at least in the US, have better fuel economy at the same (or improved) power levels as models 5, 10, 15, or more years ago. Even those "gas guzzling SUVs" such as Suburbans and such get around 20 or more MPG now.

      I'm not the AC, but here's some data from fueleconomy.gov. In cases with more than one engine/transmission combination, I tried to keep them as close to the same as possible to the 1985 engine/trans for each subsequent year. These are not cherry-picked examples, every long running model I looked at showed the same trend of near-constant fuel economy.

      First, a couple of long-running SUV models:
      1985 Chevy Suburban K-10 (5.7L V8, auto, 4WD): 13 MPG
      1995 Chevy Suburban 1500 (5.7L V8, auto, 4WD): 13 MPG
      2005 Chevy Suburban 1500 (5.7L V8, auto, 4WD): 16 MPG

      1987 Nissan Pathfinder (3L V6, auto, 4WD): 15 MPG
      1995 Nissan Pathfinder (3L V6, auto, 4WD): 16 MPG
      2005 Nissan Pathfinder (4L V6, auto, 4WD): 17 MPG

      Common sedans, one midsize, one small:
      1986 Ford Taurus (2.5L I4, auto): 22 MPG
      1995 Ford Taurus (3.0L V6*, auto): 23 MPG
      2005 Ford Taurus (3.0L V6*, auto): 23 MPG
      *No 4 cyl. model available 1995-2005

      1985 Honda Accord (1.8L I4, auto): 26MPG
      1995 Honda Accord (2.2L I4, auto): 25MPG
      2005 Honda Accord (2.4L I4, auto): 27MPG

      Compact Cars:
      1985 Honda Civic (1.5L I4, auto): 27MPG
      1995 Honda Civic (1.5L I4, auto): 32MPG
      2005 Honda Civic (1.7L I4, auto): 33MPG

      1985 Toyota Corolla (1.6L I4, auto): 29MPG
      1985 Toyota Corolla (1.6L I4, auto): 27MPG
      1985 Toyota Corolla (1.8L I4, auto): 33MPG

      A Minivan:
      1986 Ford Aerostar (2.3L I4, auto): 22MPG
      1995 Ford Aerostar (3.0L V6*, auto): 20MPG
      2005 Ford Freestar (3.9L V6*, auto): 20MPG
      *No 4 cyl. Ford minivan available 1995-2005. I think the 1995 model year was when Ford changed the name to Windstar, but fueleconomy.gov lists it as an Aerostar, so I'll stick with that name.

      A gain of 3-5 MPG in 20 years? Color me unimpressed.

      --
      0 1 - just my two bits
    5. Re:Whats a fair price by thoglette · · Score: 1
      All our problems can be solved by more efficient engines.

      Wrong. If you want a more efficient engine, you need to give up your 150 bhp engine and install something with fewer cylinders and something on the order of 80 bph.

      Economy cars back in the 80s were far more efficient than today's cars, excepting the hybrids. Back then, the Geo Metro (made by Suzuki) with a 1-L, 3-cylinder engine got over 55 mpg. Cars like that are no longer available, however, because no one wants anything so underpowered.

      Ah - I'd have killed for 80bhp from my '78 Escort or X1/9.

      But both of those weighed under 900kg. Still big compared to the cars of a decade before. Gross Weight is the biggest issue, with peak engine output coming a poor second.

      Outside the US the vast majority of pre-80s cars were under one ton. And under 2L engine capacity - many under the 1L mark. Petrol rationing and high petrol prices (relative to income) in the Rest of the World ensured that cars were efficient as then practical.

      Until we see a serious return to sub-1200Kg "normal" cars (eg. taxis) and sub-800kg "compacts" then actual, real world consumption will have a hope of coming down.*

      OBTW - my 1,000kg "compact" also gets 7l/100km - freeway, measured on a 132km daily commute. And it's 0-60mph time is as good as my old, hotrodded X/9.

      I've recently changed to a 16km commute - which I usually do on the bicycle. When I do drive, my fuel efficency is down to 12l/100km. And I don;t get home any faster.

      But my total consumption is down from a tank per week to a tank per month.
      --
      * Yes, Virginia, regenerative braking would, as far as thermal loss allows, mitigate mass from the equation. The Prius claims do have this - has anyone dared put their hand on the front disks of a stop-start commuter's Prius yet?.

      --
      -- Butlerian Jihad NOW!
    6. Re:Whats a fair price by thoglette · · Score: 1
      To quote the aRocky Mountain Institute:
      Of the energy in the fuel automobiles consume, at least 80 percent is lost, mainly in the engine's heat and exhaust, so that at most only 20 percent is actually used to turn the wheels. Of the resulting force, 95 percent moves the car, while only 5 percent moves the driver, in proportion to their respective weights.

      All things considered, only one percent of the energy in our fuel tanks actually provides mobility for the driver - not a gratifying result from American cars that burn their own weight in gasoline every year.

      --
      -- Butlerian Jihad NOW!
    7. Re:Whats a fair price by Grishnakh · · Score: 1

      It'd also be nice if we could have two cars; one larger one for family trips, grocery shopping, etc., and one or two very cheap and small (like 1000 lb) ones (much like motorcycles, except with four wheels and efficient engines (motorcycles are horrible gas-guzzlers for their weight)), for single-person commuting. This would cut a family's overall fuel consumption greatly.

      Unfortunately, at least here in America, there's two things making this strategy impossible: a tiny car would be a deathtrap with all these morons in huge trucks and SUVs, and insurance companies would make it so expensive that it'd outweigh the savings in fuel (insuring two cars for one driver is nearly double the cost of one car).

    8. Re:Whats a fair price by toddestan · · Score: 1

      The average fuel economy of the American fleet of vehicles has been on a decline since 1988. It's true that the most fuel efficient vehicles now are better than past fuel efficient vehicles, and cars over all have been getting slightly better in the economy category despite the fact they are getting heavier and more and more loaded with power equipment.

      But those overall gains have been totally crushed by all the oversized SUVs and light trucks out there on the road. I don't know where you live, but in the midwest SUVs are everywhere, I would say roughly 1 in 2 vehicles is a SUV, truck, or van. That's why our overall fuel economy sucks, even despite the fact the Prius gets 45MPG.

      I say it's about time to end the exceptions for "light trucks" and let the SUVs compete on a more even playing field. That would go a long ways towards reducing our dependence on oil right there.

    9. Re:Whats a fair price by A+beautiful+mind · · Score: 1

      The interesting fact I liked from the Inconvenient Truth is that China has higher fuel efficiency standards than the USA. When California suggested fuel standards for 2015 to be x (where x more or less = China's today), the car manufacturers went nuts over it...

      --
      It takes a man to suffer ignorance and smile
      Be yourself no matter what they say
  62. Re:World population will be 6x10^9 by the year 200 by fm6 · · Score: 2, Insightful

    Dude, cheetahs will go extinct in our lifetime. They were doing fine as long as there were plenty of gazelles to eat. But soon, no more gazelles. And no more oil.

  63. It's sad to say but.... by StressGuy · · Score: 2, Insightful

    It seems that politics have invaded the issue. To propose stewardship of available resources or suggest conservation causes many to assume you are liberal.

    It's a dangerous connection, I fear that the consequence of this becomming a political point of contention is that nothing will happen until the damage is done. Then both sides will likely blame each other.

    I'm planning on purchasing a copy of "An Inconvenient Truth" and hiding it away for awhile. Either way, it will be interesting to see it again when the kids are older.

    --
    A goal is a dream with a deadline
  64. Re:World population will be 6x10^9 by the year 200 by GOD_ALMIGHTY · · Score: 1

    Modern agricultural productivity is heavily dependent upon cheap energy. From the machines to the fertilizers and pesticides. The majority of advances in food production have come with the energy usage price tag. Although I figured the exaggeration of "all the oil" would be an obvious quip, the point still stands. If cheap energy is not available, food production will suffer.

    It's an eventuality that we have to deal with, whether it's the late 2010's or 2050's, oil production will decline. Investing in the diversification of cheap energy sources cannot possibly work against us. Oh wait, scratch that, with the current leadership here in the US, we're likely to waste all the money through Congressional corruption. Switchgrass anyone?

    --
    Arrogance is Confidence which lacks integrity. -- me
  65. F.S.U.!?!??!!! by Anonymous Coward · · Score: 0

    Man, who knew Florida State had so much friggn' oil!

  66. Volcano Errupt5 by nxtr · · Score: 1

    BUy HOT OiL ST0CK now, also, BUy ViaGRAA W1Th tH3 $$$$ YOU WILL M4KE S0 YOU CAN b0nE s0me HOUSEWIVES.

  67. Selection bias? by argStyopa · · Score: 4, Funny

    The outcome of this assessment is rather worrisome.

    Well, isn't that the point?

    I mean, I took temperature measurements from 5 different hours this morning and got the following results:
    5am = 35 F
    6am = 40 F
    7am = 45 F
    8am = 50 F
    9am = 55 F

    By midnight, trends indicate it's going to be around 130 degrees F! I need to post this on the intarweb, so everyone will know that the sky is indeed falling. My conservative projections prove it.

    --
    -Styopa
  68. Typos in professional (?) article by wile_e_wonka · · Score: 1

    Given the professional "look" and general "sound" of the article, I am surprised at the quantity of typos that made it past the editors. I'm still in college--not in big business yet--but is this the norm out there? Was I taught all this spelling and grammar for nothing?

    Some examples from the article:

    "The well know [sic] energy crisis of the past . . . "

    "Production stands at 9 Mb/d giving a low depletion rate of 1.9%,, [sic] which itself is reason to doubt the higher official reserve estimates [sic] The country is endeavouring [this, I think is a Britishism, not a mistake] to offset the natural decline of its aging fields . . . " Two errors very close together! In case you didn't catch; the second mark is for the lack of a period between sentences. It's "the new grammar."

    "Sweet Oil production in Saudi Arabia has likely peaked leaving the country in some sort of momentarily [sic] difficulties . . . "

    "Still this last estimate is used which make [sic] it plausible for Saudi Arabia to continue producing liquid hydrocarbons at rates in excess of 11 Mb/d."

    "we tentatively favour an [sic] figure of about 60 Gb . . . "

    The list would go on if I continued through the rest of the article.

    I'm not saying these errors detract from the informational value of the article (facts remain true whether or not they are spelled correctly), but it does cause the reader to wonder about the sophistication of the author, and therefore the validity of the conclusion. It also causes the reader to doubt the thoroughness of the author's work, and shows that is was not likely peer reviewed, etc.--the implications go on. In other words, although facts remain true whether or not they are spelled correctly, the reader has to wonder if the author's claimed factual premises to his conclusion are facts at all!

    1. Re:Typos in professional (?) article by kaysan · · Score: 0

      err.. dude.. perhaps there is a causal connection between the amount of typos and the fact that they DO NOT LIVE IN AN ANGLOSAXON COUNTRY?

    2. Re:Typos in professional (?) article by wile_e_wonka · · Score: 1

      First: English as a second language would only explain a few of the errors I included. The author is apparently Portuguese, but, although I don't speak Portuguese, I am relatively confident that they don't use two commas in a row there, and their grammar does call for periods between sentences.

      Second: Throughout the majority of the article, the article 'an' was used properly, showing an understanding by the author of its proper usage. When it was misused in front of a word beginning with the letter 'f,' it was apparently not due merely to the author's lack of English proficiency.

      Third: Some of the mistakes were apparently quoted from materials authored by Colin Campbell. Either the mistakes were carried over by the author of the article, or Mr. Campbell himself, who is Anglosaxon, made them.

      Last: An author shouldn't make excuses for mistakes in his published materials. If you're publishing in English, get it right in English. This is what editors are for. If you aren't proficient in the language in which your article will be published, find an editor to help. Excuses don't make the author seem more credible. Typos are typos--and typos reduce credibility whether or not there is some 'valid' excuse for the mistakes.

  69. Re:Slashdot editors fear the future, doubt technol by Farmer+Tim · · Score: 1

    And this site used to pretend it was for the cyber punk. Now it is nothing but a grunting luddite...

    Or, more likely, those of us who pay for energy are concerned that there are no coordinated plans to replace oil, which is very definitely a finite resource and will run out at some point (whether or not you agree with the predictions in TFA, but not even the oil companies are pretending the supply is infinite. The only area of disagreement is "when").

    The point here is that as the cost of energy rises it will become progressively more expensive to develop and build the infrastructure to replace oil. So we have the option of deciding there isn't a problem and let market forces shape demand once the price rises (which is too late), or we can make an issue of it now before it affects us, act while we have abundant, cheap energy, and reap the benefits of selling new technologies to the developing world, cleaner air in major cities, and less geo-political instability ($337,000,000,000 would buy a lot of fusion research, but apparently its better spent protecting the existing finite energy supply).

    So no, it isn't a fear of the future, per se, its a fear of the future without cheap electricity; that truly is a geek's concern. If anything, continued support for the hydrocarbon economy is the luddite's realm...

    --
    Blank until /. makes another boneheaded UI decision.
  70. Re:World population will be 6x10^9 by the year 200 by ichigo+2.0 · · Score: 1

    Dude, cheetahs will go extinct in our lifetime. They were doing fine as long as there were plenty of gazelles to eat. But soon, no more gazelles. And no more oil.

    So you are proposing we start to mass-produce cloned gazelles as a solution to peak oil? That's brilliant! Now we only need to figure out how to increase the number of pirates to offset the CO2-emissions from the added oil production.

  71. Re:World population will be 6x10^9 by the year 200 by susano_otter · · Score: 1

    Cheetahs have a problem because their key surival trait is "run faster than gazelle, and catch them". When a cheetah runs out of gazelle, it's pretty much doomed, on account of its key survival trait suddenly being useless.

    Our key survival trait isn't actually "consume oil", but rather "adapt to changing conditions". When humans run out of oil, we're pretty much not doomed, on account of our key survival trait being optimized for exactly that kind of situation.

    --

    Any sufficiently well-organized community is indistinguishable from Government.

  72. Positively bogus by Ungrounded+Lightning · · Score: 1

    This assessment is made by projecting into the future fixed change rates that reflect current trends in liquids production and consumption in all countries where presently the difference between the two factors is positive. The outcome of this assessment is rather worrisome."

    Because the study selected the data so it WOULD look worrisome - deliberately cherry-picking the data by excluding ALL countries where the trend went the other way.

    Eventually the supply will tighten - and the price will rise and STAY up, driving energy conservation and substitution of other energy sources. But this study has nothing to do with that. It is an exercise in use of a standard statistical-methods cheat to create an illusion.

    See _How to Lie with Statistics_ for more.

    --
    Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
  73. Re:World population will be 6x10^9 by the year 200 by StrawberryFrog · · Score: 1

    You say that if we keep pushing our luck, sooner or later it's going to run out.
    I say that if our luck consistently doesn't run out, after a while it's not really luck anymore, is it?


    And if wishes were limosines, beggars would ride in style. Face it, our luck can run out. Powerful civilisations can fall over in a big heap before beacuse they exhaust thier resources. It has happened before.

    --

    My Karma: ran over your Dogma
    StrawberryFrog

  74. Oops. My mistake. by Ungrounded+Lightning · · Score: 1

    Oops. I misread the text. The "positive" difference was whether they're exporters, not the trend. My appologies to the authors and those quoting them.

    Go ahead and panic. B-)

    --
    Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
  75. World oil exports? by Eric+Smith · · Score: 4, Funny

    The world exports only a tiny amount of oil, and of that only a completely insignificant fraction has left the solar system.

    I'd worry far more about the oil we use on-planet.

  76. Re:World population will be 6x10^9 by the year 200 by geekoid · · Score: 1

    The only problem with SUVs are the people that just use the to drive to work and home.

    Not a majority of the owners.

    --
    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  77. Re:World population will be 6x10^9 by the year 200 by geekoid · · Score: 1

    A lot of the advances we have made in the last 50 years to get us past problems like this because of petroleum. When the chemical that has got us past these issues goes away, then what?
    I don't know the answer, but i do know I want people working on a solution...or at least a plan.

    --
    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  78. Re:World population will be 6x10^9 by the year 200 by fm6 · · Score: 1

    But in order to adapt to new conditions you have to admit that they exist. It's not enough to say, "Oh well, when things get nasty we'll probably think of something."

    Basically, you're arguing that we're so smart, we might as well be stupid. Not a sound strategy.

  79. Re:World population will be 6x10^9 by the year 200 by fm6 · · Score: 1

    You've got to be kidding. Most SUVs are used for offroading and actual work? Not the hundreds I see every day. Most of their owners would be too afraid of scratching the paint!

  80. Re:World population will be 6x10^9 by the year 200 by susano_otter · · Score: 1
    And if wishes were limosines, beggars would ride in style.

    Who's wishing? I'm referring to the historical record, and the plain fact that after hundreds of thousands of years of vicissitudes, humans are still here.

    Face it, our luck can run out. Powerful civilisations can fall over in a big heap before beacuse they exhaust thier resources. It has happened before.

    And it will undoubtedly happen again. Yet here we are, a mere millenium and a half after the Roman collapse, bigger and better than ever before. That's the trend I'm referring to: Not the trend of civilizations rising and falling, but the trend of humanity enduring, and adapting, and surviving, and rising again to even greater heights after each inevitable fall.

    If this kind of adaptability and survivability showed up once or twice, I'd call it luck, and wish for more. But when it turns out to be the normal thing, repeated constantly throughout all of human history, it stops being luck and starts being the fundamental nature of the human species.

    We adapt. We endure. We survive. We build and grow and prosper. We respond to setbacks not by going extinct, but by overcoming them and growing beyond them. This isn't wishing. This is a reasonable interpretation of the historical record.
    --

    Any sufficiently well-organized community is indistinguishable from Government.

  81. Since when is world oil production measured in Gb? by Anonymous Coward · · Score: 0

    You ***could*** infer internet acronyms on world oil production and see the following:

    Kb = thousand barrels
    Mb = million barrels

    but:
    Gb = giga barrels???

    It's billion. BILLION.
    What's next... KGb?

    thousand, million, (and in the UK I believe thousand-million, and then), billion, trillion, quadrillion, etc!!!

    Go back to grade school.

  82. Re:Peaking.. now? - Other skepticisms by Anonymous Coward · · Score: 0

    What are you wittering about? Its a study of oil exports, says so in the title. There is no point in talking about net consumers in that context. The point is, if its not there to export, its not there to buy and those net consumers will have to make do with what's left. What more frightening is that even though peak of production looks to be in the 2010 timeframe, peak in exports is earlier (eg now).

    Economists tend to magic model numbers out of thin air, expecting them some how to be created, by someone else. Your numbers for China, India and the US growth only make sense if that magic happens. They are not input variables, they are output. The real world isn't the same as an economists' dream.

    In any case, we approach with speed the point at which supply and demand graph predictions part company. If you're right we have no problems to look forward to; if I'm right we stand on the edge of a long lasting depression that will rewrite the entire game. May you live in interesting times.

  83. Re:World population will be 6x10^9 by the year 200 by jackbird · · Score: 1
    That's nice in the abstract, but do you want your grandchildren to live in comfort and prosperity, or in the ruins of modern civilization? Either one would count as survival. While humanity as a whole has survived quite well over the last few thousand years, we've got less than 200 years of industrial society under our belts, and less than 100 years of a global culture connected through communiations and transportation technology.

    You don't need to look much further than Afghanistan or Somalia to see what happens when that slips away.

  84. Simple oil barometer: Plastic crap by Kris_J · · Score: 1

    I'll start to be mildly concerned when the $2 Shops (as they're called in Australia) cease to be able to fill their stores with cheap plastic crap from China. (However, my joy at seeing the end of the $2 Shops will no doubt overwhelm any worries about "peak oil".) We have lots of give in the consumption of oil through the manufacture of plastic -- so much stuff that's produced could simply stop being produced and the world wouldn't care.

  85. Climate change? Does the US care? by gjuk · · Score: 1

    Slashdot usually provides a forum where it would be hard to tell what continent people are from, at least from their attitudes. Generally intelligent people seem to have plenty in common wherever they sit. However, this discussion is fascinating - and seems, to a European, to shed more light on attitudes towards climate change than any amount of direct media coverage.
    The conversation is about whether oil prices will lead to riots, whether we'll have neough oil for the future, etc.
    Surely the sooner we run out of oil the better - a 20 year transition to fuels which don't wreck the planet would be a good thing. It's easy in gas-guzzler land to forget about the effects of climate change on the rest of the world - but it's probably the biggest issue our planet faces now, and barely gets a mention among this usually considered and intelligent crowd...

  86. Re:World population will be 6x10^9 by the year 200 by bnenning · · Score: 1

    The only problem with SUVs are the people that just use the to drive to work and home.

    That entirely depends on how far away home and work are. A 2 mile commute in an SUV is less harmful than a 50 mile commute in a Prius. That's why I support a higher gas tax rather than fuel-economy standards: it attacks the problem directly, rather than through an inaccurate proxy.

    --
    How to solve most of our problems: 1.Lots of nuclear plants. 2.Cure aging.
  87. Re:World population will be 6x10^9 by the year 200 by susano_otter · · Score: 1
    That's nice in the abstract, but do you want your grandchildren to live in comfort and prosperity, or in the ruins of modern civilization? Either one would count as survival.

    In comfort and prosperity, obviously. There's a couple catches, though: One is, there's actually no compelling evidence that modern civilization will collapese between here and my grandchildren. The other is, there's actually no compelling evidence that there's really anything we can do today to prevent a hypothetical collapse from hypothetically occurring. I think my grandchildren will have much greater control over their own fate than I ever will.

    While humanity as a whole has survived quite well over the last few thousand years, we've got less than 200 years of industrial society under our belts, and less than 100 years of a global culture connected through communiations and transportation technology.

    The way I see it, this means we really have no fucking clue how this will play out.

    Actually, we do have a clue: how things played out the last seventeen times the human race was faced with a new and unprecedented set of conditions: humans survived and prospered in the long run.

    You don't need to look much further than Afghanistan or Somalia to see what happens when that slips away.

    Fair enough, but don't forget that to begin with, no place on earth had the things you say slipped away from Afghanistand and Somalia. Every society on earth started out like Afghanistan and Somalia, and built from there. And the overall trend has been upwards, towards a better tomorrow.

    It's obvious that suffering is part of the human conditioning, and that we bring a lot of our suffering on ourselves.

    But the trend in human history is one of consistently overcoming hardship, recovering from setbacks, and building a better tomorrow.

    I don't think that something as trivial as an oil shortage will be the magic bullet that ruins humanity. There's no precedent for it. Sure, it could happen. But it'd be pretty much the opposite of a predictable outcome.
    --

    Any sufficiently well-organized community is indistinguishable from Government.

  88. Re:There's plenty of Oil and the Economy is just f by nizo · · Score: 2, Funny

    So when are Hummers going to come standard with a Freedom Flame on top?

  89. MIssing in the assessment by amightywind · · Score: 0, Troll
    Probably because it's easier than predicting how technological innovation and the ebb and flow of the global economy will totally change the entire equation long before these simplistic predictions ever come due.

    Missing in the article was any assessment of the exploration potential of 100,000+ miles of continental shelf around the world. The Chevron find in the gulf of Mexico is an example of what awaits.

    --
    an ill wind that blows no good
    1. Re:MIssing in the assessment by susano_otter · · Score: 1

      Not to mention the natural resources located in Siberia, where climate conditions currently prevent us from profitably exploiting them. I predict that global warming combined with technological advances in robotics and materials science will change the playing field dramatically, a lot sooner than our current oil supplies run out.

      --

      Any sufficiently well-organized community is indistinguishable from Government.

  90. solved by shack420 · · Score: 1

    Our dependance on oil could be alleviated if someone would pick up on my idea to harvest energy from gyms and kids playgrounds.

    Maybe you could get a rebate on your power or gas bill by taking your kids (and the neighbours kids!) to the park to play on a power generating see-saw :)

  91. Re:World population will be 6x10^9 by the year 200 by jackbird · · Score: 1

    That upward trend is heavily dependent on the location and timeslice. Europe didn't recover for 500 years after the fall of Rome. Cold comfort to someone stuck in the middle of it.

  92. Markets? by Britz · · Score: 1

    I always thought that markets consist of supply and demand instead of just supply.

    I think the USA is still the largest producer of oil. They just don't export any. But US reserves are a lot lower than other countries. So the US will have to compensate by importing more soon. The Soviet Union used to produce more oil, but they also consumed a lot more. Russia these days is a lot different. How about demand. Where is the oil going at the moment and how will it shift. China is growing very fast at the moment.

    So just showing the exporting (and not even the oil drilling) countries and not the other side is incomplete.

  93. Re:World population will be 6x10^9 by the year 200 by Chris+Burke · · Score: 2, Insightful

    And it will undoubtedly happen again. Yet here we are, a mere millenium and a half after the Roman collapse, bigger and better than ever before.

    Right, and in between we had the Dark Ages. If you had told the Romans that their civilization was about to collapse, but not to worry because after a thousand years of wretched barbary and ignorance that a new enlightened civilization would arise, do you think they wouldn't have worried?

    If this kind of adaptability and survivability showed up once or twice, I'd call it luck, and wish for more. But when it turns out to be the normal thing, repeated constantly throughout all of human history, it stops being luck and starts being the fundamental nature of the human species.

    Adaptability is without a doubt an aspect of the human species, and it isn't "luck" any more than a cheetah running fast is luck. However depending on adaptability to bring us through any particular calamity, particularly when we cannot name what form that adapatability would have to take, is indeed luck. Just like being able to run fast doesn't guarantee a cheetah's survival -- being able to sprint won't produce game for them to hunt. Being able to understand and utilize new sources of energy won't cause one to appear.

    I've read before that it is believed that mankind barely survived the last major ice age, with the worldwide population dropping to under a hundred individuals. However you slice it, that was a lucky break. For whatever reason that those hundred survived, it was clearly not an attribute common to humans in general, who for all their adaptability were unable to survive the harsh conditions. While those few may have had a (lucky) genetic advantage, I suspect it was more the praticulars of their environment. Which could have easily been different, and a hundred humans easily could have easily been wiped away by a thousand things that no amount of 'adaptability' would overcome.

    We adapt. We endure. We survive. We build and grow and prosper. We respond to setbacks not by going extinct, but by overcoming them and growing beyond them. This isn't wishing. This is a reasonable interpretation of the historical record.

    You can only say that we have failed to go extinct for the period that our species has existed, perhaps 100,000 years, which would hardly impress many other species. The dinosaurs had a reign of tens of millions of years before being wiped out. If you had gone off of historical trends during the late Cretaceous, you would have determined that while some specias may die out and others arise, the dinosaurs were there to stay forever as the dominant animals.

    The only reasonable interpretation of the historical record is that we haven't gone extinct yet, and are not so ill-adapted that it seems likely we will soon.

    But that notwithstanding, if your overal point is that humanity will probably not go extinct as a result of our failure to develop a new source of energy, then I remain thoroughly unimpressed. I personally would like to do better than that.

    --

    The enemies of Democracy are
  94. This is really a Good Thing by ChrisA90278 · · Score: 1
    It means the whole problem of polution and global warming will simply go away in about 50 years. Also the world will then be able to ignore the Middle East.

    It is pretty easy to guess that in 50 years EVERYTHING will be electric powered with the power comming from mostly nuclear power and some hydro plus other minor sources. No new technology needs to be invented. This will very good for the economies of the industrail world, all the money that is now flowing to oil producers will remain in-contry.

    I only wish we'd run out of oil sooner

    1. Re:This is really a Good Thing by geolane · · Score: 1

      except that replacing a finite resource (oil) with another finite resource (nuclear?) is problematic. One choice is for a sustainable future. But that messes with consumerism and economics.

  95. Re:World population will be 6x10^9 by the year 200 by An+Onerous+Coward · · Score: 1

    So we're really supposed to not worry about the end of our civilization just because another one will rise in a few hundred years to take its place?

    Your interpretation of the historical record is very much not reasonable. We don't always overcome our problems. Sometimes our problems overcome us, and the result is fire and bloodshed and mass starvation. Just because such events eventually settle into some sort of equilibrium doesn't mean that "we adapted," but that nature adapted us to fit its realities, in the most brutal way imaginable.

    The sad fact is that this time around we've burned up many of the resources that a resurging civilization would need. Rome at its peak wasn't obliterating non-renewable resources the way we are.

    Finally, need I point out that the dinosaurs showed amazing adaptability and survivability for about a hundred million years? Runs of luck far longer than ours have ended badly.

    --

    You want the truthiness? You can't handle the truthiness!

  96. You've got an unstated assumption, there... by Anonymous Coward · · Score: 0

    The assumption is that the only way to make ethanol is through corn production. Unfortunately, that seems to be the standard apprach, but it's not the most efficient. There are a number of waste products (chaff from wheat threshing, unusable wood byproducts, hell, even unrecycleable paper if you want to get particular about it) that can be used for ethanol production without costing a single square meter of farmland.

    Will it be enough to use just those waste products? probably not. But it'll be a start.

    1. Re:You've got an unstated assumption, there... by Martin+Blank · · Score: 2, Interesting

      I clearly stated that switchgrass may be an option as it has the potential for more ethanol per acre. The other products you mention are cellulosic, which right now is so much more energy-intensive than corn sugars that it has a negative return. I also opened up the post saying that it would take major changes to minimize the use of land.

      --
      You can never go home again... but I guess you can shop there.
  97. Silver/gold price ratio is normal by Goonie · · Score: 1
    All commodities have gone up in price lately. On first glance, silver's price rise doesn't look in the least unusual in that context. For instance, on current spot prices, gold is about 51.6 times more expensive than silver, which doesn't look particularly unusual when you look at the historical relationship between those two prices.

    Hardly compelling evidence for a massive shortage of silver.

    --

    Any sufficiently advanced technology is indistinguishable from a rigged demo
    --Andy Finkel (J. Klass?)
    1. Re:Silver/gold price ratio is normal by popo · · Score: 1

      That's a strange way to measure a shortage. The strike price is simply the balance point between buys and sells of contracts on the exchange.

      The reality is that there is an acute shortage, and the price of silver is maintained at its current low position by 5 (or fewer) "massive" short positions. ("Massive", as in, "the largest short positions of any commodity in history"). It is estimated that the current short position in silver far exceeds the world's available supply of silver, which is illegal from a securities law perspective. (One cannot short shares or commodities which do not exist).

      A case in point is the Nickel market. The London commodities exchange defaulted on Nickel contracts this year for the first time in history.

      The reason for the massive manipulation *is* the acute shortage. The big silver banks are currently caught between a rock and a hard place. They don't have the silver, and the price has more than doubled in the last couple years -- leaving them holding the bill. A bill which cannot be paid because available silver simply does not exist. Hence a handful of players are currently forced to take out the world's largest short positions in an effort to drive the price back down. Such actions usually do work, but with the launch of the Silver ETF this year, investor demand has skyrocketed -- cancelling out the effect of the massive short position. Now the banks are truly screwed. The case for silver is bullish on a historically unprecedented scale.

      --
      ------ The best brain training is now totally free : )
  98. You keep using that word... by Grendel+Drago · · Score: 1
    to feed an exponentially growing number of people.
    Hardly.
    --
    Laws do not persuade just because they threaten. --Seneca
  99. Re:World population will be 6x10^9 by the year 200 by Anonymous Coward · · Score: 0

    Well, look on the bright side - maybe we can figure out a way to use starved corpses as car fuel.

  100. Re:World population will be 6x10^9 by the year 200 by Scareduck · · Score: 1
    And how do we produce all that food? With petroleum-based fertilizers.

    Oh, BS. You mean, with ammonia produced from natural gas, which isn't the same thing as petroleum.

    --

    Dog is my co-pilot.

  101. poor assumption by Anonymous Coward · · Score: 0

    Probably be riots, war, social collapses. But as a species, we'll survive.

    If the war is biological/Nuclear, it is possible to make the biosphere inhospitable to man.

    If the Global Warming people's worse predictions are right, the temprature within the atmosphere may rise to the point where microbes won't survive. That too would be the end of man.

    So don't go starting any wars thinking "some will survive"

  102. Oh, please not that crock... by Goonie · · Score: 1
    We make fertiliser using the Haber process, which requires hydrogen and nitrogen as feedstocks. The hydrogen is currently obtained from natural gas.

    However, hydrogen can be obtained through coal gasification, or, if it came down to it, through electrolysis of water using electricity from any source, and research is currently going on into how to do high-temperature electrolysis (where most of the energy required is supplied as heat rather than electricity) at an industrial scale.

    Any other "irreplaceable" petroleum products you'd like to add to the reasons we are supposedly doomed?

    --

    Any sufficiently advanced technology is indistinguishable from a rigged demo
    --Andy Finkel (J. Klass?)
    1. Re:Oh, please not that crock... by Very.Zen · · Score: 1

      Air conditioners, ammonia, anti-histamines, antiseptics, artificial turf, asphalt, aspirin, balloons, bandages, boats, bottles, bras, bubble gum, butane, cameras, candles, car batteries, car bodies, carpet, cassette tapes, caulking, CDs, chewing gum, cold, combs/brushes, computers, contacts, cortisone, crayons, cream, denture adhesives, deodorant, detergents, dice, dishwashing liquid, dresses, dryers, electric blankets, electrician's tape, fertilisers, fishing lures, fishing nets, fishing rods, floor wax, footballs, glues, glycerin, golf balls, guitar strings, hair, hair colouring, hair curlers, hearing aids, heart valves, heating oil, house paint, ice chests, ink, insect repellent, insulation, jet fuel, life jackets, linoleum, lip balm, lipstick, loudspeakers, medicines, mops, motor oil, motorcycle helmets, movie film, nail polish, nylons, oil filters, paddles, paint brushes, paints, parachutes, paraffin, pens, perfumes, petroleum jelly, plastic chairs, plastic cups, plastic forks, plastic wrap, plastics, plywood adhesives, refrigerators, roller-skate wheels, roofing paper, rubber bands, rubber boots, rubber cement, rubbish bags, running shoes, saccharine, seals, shirts (non-cotton), shoe polish, shoes, shower curtains, solvents, solvents, spectacles, stereos, sweaters, table tennis balls, tape recorders, telephones, tennis rackets, thermos, tights, toilet seats, toners, toothpaste, transparencies, transparent tape, TV cabinets, typewriter/computer ribbons, tyres, umbrellas, upholstery, vaporisers, vitamin capsules, volleyballs, water pipes, water skis, wax, wax paper

    2. Re:Oh, please not that crock... by Anonymous Coward · · Score: 0

      I'm pretty sure the world will go on pretty much okay if we start having to make toilet seats out of wood.

  103. Error: energy != oil by Dire+Bonobo · · Score: 1

    > Having more oil than Saudi Arabia is meaningless if you have to use 70% of it just refining the next lot.

    Flawed logic, since not all energy is oil.

    If we need to spend X Joules of energy to obtain X Joules of oil, then that can still be a winning proposition if the energy we spend is something we have an abundance of, such as solar or coal. Most EROEI-based complaints fail to take into account this difference, and are largely worthless as a result.

  104. Skip the thermodynamics section did ya? by Anonymous Coward · · Score: 0

    Please cite a study by a respected physics professor or group endorsing the notion of a viable alternative fuel? You won't find any because unlike you dolts they understand thermodynamics and anyone claiming biofuel/hydrogen/hybrid replacements is a crank.

  105. Reading the site... by Dire+Bonobo · · Score: 2, Insightful
    >>> Read the site at least a bit (and know what you're talking about) before you spout off like that, eh?

    Okay, will do. From the site:

    First, many people on slashdot will favor the "but, dude, we have technology!" argument. Many will not understand the difference between a fossil fuels energy source and their laptop.

    Yeah, I was surprised by the slashdot geeks' comments as well. Seeing that programming computers is very technical, detailed, and mathematical, I was expecting the /. crowd of nerds to understand and embrace Peak Oil. Instead, it's their unwavering belief in "technological improvements" that will put this "so-called peak oil theory" to the trash bin.

    I was absolutely flabbergasted by that thread over at /., you would think that they'd be able to come to grips with this faster than the normal public.


    Yeah, 'cuz you're soooo open-minded and against spouting off, Mr. Comment #3.

    Perhaps, if your argument didn't convince us, the problem isn't that we were unable to "come to grips with it". Maybe the problem is that your argument isn't all that convincing to someone who isn't already a believer, and that it's a whole lot harder to convince normal people than to preach to the choir.

    But with paragons of rationality and open-mindedness like you guys, ready with such well-thought-out and informative responses to doubts and misgivings, I guess it's just plain ignorant (not to mention unscientific) of us to question you. Bad skeptic, no biscuit!
  106. The world consumes all the oil it produces. by Kartoffel · · Score: 1

    At this time, all of the oil produced on this world is consumed locally. On this world. I have a strong feeling that this trend will continue for the forseeable future.

    Therefore, projected "world" oil exports are ZERO.

  107. Re:There's plenty of Oil and the Economy is just f by Anonymous Coward · · Score: 0

    This is Slashdot, remember, there won't be any elections. Diebold pwnz j00!

  108. Re:World population will be 6x10^9 by the year 200 by Anonymous Coward · · Score: 0
    I say that if our luck consistently doesn't run out, after a while it's not really luck anymore, is it?

    This conclusively proves Russian roulette must be harmless, because I haven't died so far.

    Humans were just adaptive and intelligent when they were dying of malnutrition and the Black Death as they are today.
    Hint: technology and resourcefulness is no substitute for cheap fossil energy or the biosphere support system.
  109. Re:World population will be 6x10^9 by the year 200 by Evil+Pete · · Score: 1

    The sad fact is that this time around we've burned up many of the resources that a resurging civilization would need. Rome at its peak wasn't obliterating non-renewable resources the way we are.

    Fred Hoyle pointed this out over 40 years ago in his book "Of Men and Galaxies". For our world this is intelligent life's only chance to become advanced technologically. I found it very depressing when I first read, primarily because it was so logical ... even though I am an optimist. If we collapse we wont have the resources to rise again.

    A similar, more recent, effort at this kind of depressing analysis is an essay titled "The Road to Olduvai Gorge".

    --
    Bitter and proud of it.
  110. Hate to be a voice of reason here... by Anonymous Coward · · Score: 0

    Four bullet points:
    1 - OPEC thinks there's too much capacity.
    2 - Oil Inventories: far too large this year.
    3 - Contango and Amaranth: Think California electricity market...
    4 - Monopolists are happier producing a consistent little for a long time than ever worrying about running out. The math isn't trivial, but most good dynamic optimization books will have an example.

    Short oil stocks now while the Peak Oil crazies will take the other side, because soon not even they would suppoort oil.

  111. Re:World population will be 6x10^9 by the year 200 by Evil+Pete · · Score: 1

    Rome didn't exhaust all of its natural resources. There were still forests, there was still plenty of iron, copper, tin, gold etc , coal if they knew how to use it, same for oil. They collapsed because of internal reasons and pressure from migrating peoples. Other civilisations collapsed because they exhausted the soil in their area or triggered salination of their fields ... given time this can recover. But once the oil is gone it is gone. It used to ooze out of the ground in places ... how likely do you think it will be to find sources like that after us?

    Human beings are adaptable because they use their brain. They don't say "don't worry it will be ok" when faced with a problem. They work out what to do and head it off (unless it is long term), I don't see many farmers who don't plan for the year. There is a problem with our civilisation I think. Because we have had it so good for so long we are intrigued by disaster stories, but don't actually believe that anything bad can happen to us. So for many peak oil is entertaining but we keep on imagining that someone, somewhere will fix it for us. A technological Santa Claus. I don't believe in fairy tales. Bad things can indeed happen.

    --
    Bitter and proud of it.
  112. not quite by geolane · · Score: 1

    The US is the largest energy user, the largest oil importer, and the third highest producer (Saudi Arabia is #1, Russia is #2).

    The US hit peak oil in 1970.

  113. A simple point missed by Arti · · Score: 1

    This entire argument about whether or not technology should be factored into these projections, and how much, has gone off the rails.

    The argument against factoring in technology is not that the author of the assessment should be making predictions that will push people in the direction he wants them to go.

    The argument against factoring in technology is that the point of the assessment is to describe the direction we are moving in *now*.

    An analogy: We are on a spacecraft moving along a particular vector.

    This assessment is equivalent to a report saying "hey guys I've run the numbers and we are going to end up in the sun on our present course. We'd better do a correctional burn at some point soon".

    The people saying "include technology, dammit!" are equivalent to someone saying "we're GOING to fire the rockets, dammit!".

    Those people are probably right, we probably will fire the rockets at some point soon, and change course (whether or not the course correction will be sufficient to keep us all comfortable remains to be seen). But the guy making the assessment is also right to keep pushing the urgency of the course correction, and to keep pointing out that *unless* the rockets are fired, at some point our spacecraft (civilisation) will be destroyed.

    This analogy is also appropriate in that the longer we wait the sharper and more violent the correction is likely to be, and personally I'd rather correct our course at 1G instead of 5G.

  114. Re:World population will be 6x10^9 by the year 200 by Anonymous Coward · · Score: 0

    I'm afraid those ideas are severely flawed, we definitly do have the resources to rise again, that isn't the issue. The issue is that we built our societies on certain assumptions that after the fact were showen to not be true, this is a problem because setting into a different balance midstride is somewhat difficult. It isn't a problem though as long as you identify and compensate for it on time though.

    Olduvai is incidentally fundamentally flawed, unlike what is claimed available winnable energy resources are much greater. Also we seem to already have scalable replacement energy systems, the world might take an economic hit to cross this problem, but I do not think long term wise this will be the thing to stop it. For now the best one is the least popular as well, nuclear power. But I wonder how long that will keep up if it proves to be the only resonable one for the short or even medium term. Long term development of fusion power is by now almost guranteed, considering our current technical abilities in it.

  115. not necessarily by Trepidity · · Score: 1

    Not all units of energy are as good as each other. Oil is particularly useful because it's dense energy and easily portable. If we can use energy that doesn't have those properties, especially renewable energy, to get the same amount (or even less!) worth of oil energy, it'd be a net gain. For example, if we can use one barrel's worth of solar electricity to produce a barrel of oil, that'd be great, because all we'd be "using up" in the production process is an infinitely renewable resource.

  116. Re:World population will be 6x10^9 by the year 200 by Anonymous Coward · · Score: 0

    Oh my GOD! What the fuck will we do without cheetahs?

  117. World economy grinding to a halt by Latent+Heat · · Score: 1
    That is the gist of the Peak Oil argument. It isn't so much that we will run out of oil and transition to something else, it is that (is is alleged) there are no good alternatives to oil (especially for transportation fuel) and that the transition will be painful ($10/gallon gas) and possibly catastrophic (food shortages from lack of fertilizer, tractor fuel).

    That has been the implied argument -- that there is "market failure" and some kind of government action (high gas taxes, crash program on alternate fuels, electric cars) is required. Of course government action was tried in the 70's -- the CAFE program with mixed success, the synthetic fuels program proving to be a boondogle and research funds on nuclear fusion drying up in the face of falling oil prices.

    I have surfed the Oil Drum, and they make some interesting arguments, and they also have their trolls over there who like to stir things up by claiming that Peak Oil (as in right now) is a fiction, and they like to get all self-righteous and pouty about how they are right and we are heading over a cliff.

    As for the Oil Drum people, they seem to be predicting the peak of World oil to be now -- not 2008, not 2020, not 2040, but now. I guess history will take its course and we will find out soon enough if we are at peak oil and bad things happen. But will the Peak Oil team be granted a first down and allowed to move the chains down the field, or will this kind of thinking lose credibility if the Great Oil Shortage doesn't materialize?

    1. Re:World economy grinding to a halt by Squalish · · Score: 2, Insightful

      It's a broad mixture of viewpoints. The wide consensus is that the peak will be somewhere from 2005-2025. We're really, really running in the blind here. I read "I hope to god that it's not this decade" several times a day.

      Those who do follow daily developments in conventional oil tend to be more pessimistic - there was a month late last year that we still havn't surpassed in production. They generally wholly reject OPEC's paper recoverable reserves war of the '80's (wherein OPEC one by one doubled their estimated reserves, to protect themselves in the case of a rules change where national reserves would determine allowable experts), and tend to follow decline rates as much as they can - because oil companies making projections almost refuse to acknowledge them, and use advanced drilling techniques that greatly shorten the chronological life of the well, in order to keep yields up. The End Of Oil begins: with a particularly good passage. We have list of fields coming online, but delays are widespread, and depletion rates are even less predictable.

      So there is a small, well educated movement that says the peak is now. Most people tell them 'The peak may well be now, but if you run with that, the first price downturn the public sees, they'll dismiss you, and the inevitable will come in 10 years without anyone paying attention because you cried wolf now.' The community will always be a balance of alarmism and counter-alarmism because of this. We saw that type of criticism come to fruition when the Jack II "data" (actually a single 6000 barrel per day well tested for a few hours, which was extrapolated to thousands of $100m wells accross an area the size of Alaska operating for decades to produce a theoretical 50% increase in US reserves) was released, and newspaper columns everywhere declared that that Peak Oil was a millenial cult, and we have infinite reserves. This came in the middle of a commodities market shift away from oil.

      The concept of oil depletion itself is older than Malthus and Hubbert. And yes, it's been pushed as an imminent event several times since the 1860's. It may be an imminent event now. It may not be. That doesn't make it any less of a threat - there is a steady trend in reserve discovery, which peaked 42 years ago. We now consume four times as much oil as we discover every year. Production is gonna start declining at some point, and we're gonna see the effects in our lifetimes - hopefully, those effects won't shorten them.

      --
      People in Soviet Russia, however, appear to be afflicted with amusing juxtapositions of the aforementioned situation
    2. Re:World economy grinding to a halt by Squalish · · Score: 1

      More popular than the empiricist 'peak is now' viewpoint is the economical POV that we'll see world EXPORTS rapidly decline - the oil-producing countries are going to hit a point where their domestic population needs it more than green American IOU's, and they don't necessarily want to pump it all out at once. Resource nationalism is all the rage - rapidly accelerating through the energy markets.

      --
      People in Soviet Russia, however, appear to be afflicted with amusing juxtapositions of the aforementioned situation
    3. Re:World economy grinding to a halt by Jaseoldboss · · Score: 1

      $10/gallon gas

      Grr!! we have that in the UK now you insensitive clod.

    4. Re:World economy grinding to a halt by BigDogCH · · Score: 1

      Yeah, and that doesn't factor in the cost of gas after adding the expenses associated with defending/protecting/subsidising the oil wells and oil companies.

      A few years back, I remember seeing a graph which showed that the US has the most expensive gas in the world. Gas was about $1.50 per gallon at the time, but the "true cost" was listed as $11.50 per gallon for the U.S. I wonder where those numbers would be today for the U.K. or the U.S.

      When you look at the true cost of oil, solar and other sources become far cheaper. But, lets not cloud the issue with facts.

    5. Re:World economy grinding to a halt by astralbat · · Score: 1

      Here's the real cost

      Let's assume 1 UK litre of petrol is 100p which is a peak that it recently reached and stayed at for a couple of weeks at least. With the recent drop at the moment, it's around 85 - 90p.

      Then at the current exchange rate
      1 GBP = 1.85401 USD, so
      1 US Gallon = 1.85401 * 3.7854 litres = $7.02 in the UK

    6. Re:World economy grinding to a halt by OwnedByTwoCats · · Score: 1

      Squalish nails it. Karma to him.

    7. Re:World economy grinding to a halt by Impy+the+Impiuos+Imp · · Score: 2, Insightful

      Hint: Julian Simon shot down all the "shortage" chicken-littles in the '70's and '80's. But, like people who follow Sylvia Browne and John Edwards, there's always new "truths" to be found in "shortage woo-woo-ism".

      Repeat it enough, you'll win the politics even if the theories, and the theories, implemented are demonstrated false again and again and again.

      > It may be an imminent event now. It may not be. That doesn't make it any less of a threat

      Far and away the most disasterous effect on humanity has been government intervention in economies. "Good intentions" do not make good outcomes. If you are looking for a threat that will degrade the quality of your life, look to the government intervening in the production of commodities, rather than "shortages" that a free market will deal with. Our "outrageuos" gas prices in the US, with war atop hurricanes, was still $1+ cheaper than Euro prices from several years ago.

      It will not be an imminent event, now, or ever, as long as the economy is free to respond to things, and develope alternative sources, and alternative substitutes from fuel, to engine types, to full-blown transportation types, to things as yet unthought-of.

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
  118. It's hard to predict these things by dbIII · · Score: 1
    You really don't know if the oil is there until you bother to look. For some reason (possibly due to being a pariah state and a long war after being invaded by Iraq) Iran hasn't really bothered to look past what was found in the 1970s by US and Russian oil exploration groups - so nobody has a clue how much oil is out there in even the persian gulf. However, there are geophysicists working in oil exploration I know that do believe that the peak could be close but we won't know until after we pass it. As for old fields finding more life - since computing power is now cheap it is possible to take a look at old siesmic data in more detail and find more things as well as other advances that make previously marginal options possible.

    The big point of oil over oil shale/tar/coal conversion etc. is that it doesn't cost much to get the finished products and mining often involves drilling a hole in the ground and installing a pump and some tanks to catch it. I have the bad feeling that we already live in the science fiction days of cheap energy - but yes, it's not the end of the world if there are no more large oil reserves.

  119. No more silver? by Spasmodeus · · Score: 1
    If anyone cares, the world is destined to run out of raw silver reserves long, long before it runs out of oil. Dozens of analysts are expecting a COMEX default on silver futures within the next couple years. It might not seem like a big deal, but just watch what happens to the price of silver when it does...
    And I don't even want to think about how vulnerable this will leave us to werewolf attacks!
  120. Artificially sweetened economics by dbIII · · Score: 1
    Or that when since cane sugar is expensive we sweeten lots of food products with corn syrup?

    Cane sugar is cheap but Congressmen are expensive. Australian or Jamaican sugar could undercut corn syrup and sell you all the sugar you want if it was not for US Government import restrictions.

    As far as I see the peak oil thing it is a warning to optimise and have alternatives ready early because it takes many years to build large power plnts or switch to different engine technologies.

  121. Hardly. by Grendel+Drago · · Score: 1
    And copper is easier to repair - one can disassemble and remake joints by desoldering and resoldering. Plasic uses fusion welds, which cannot be un-fused - only cut out and couplings installed, which can triple the amount of joints.
    HAHAHAHA. No.

    Here's the process for brazing copper pipe: assemble the pipe to the fitting. Schmear flux around the joint. Hold a blowtorch to the pipe until it's probably hot enough. (If you're repairing it in-place, try not to point the torch at those dry wooden structural members!) Touch the solder to the joint and watch it flow into it. Turn on the water, and yell "shit! turn it off! TURN IT OFF!" as it sprays onto the nearby bookcases. Fail to empty the water from the pipe, and end up boiling it off with the torch. Try to braze the joint again. Lather, rinse, repeat, ignore family members asking if they'll ever be able to shower again.

    I've installed at least a hundred PEX joints. Slip the ring over the pipe, put the pipe in the fitting, slide the ring to the end of the pipe, and clamp. I have yet to see a single joint fail. It replaced the feed pipe to the washing machine, which had been leaking on and off for a year, despite our attempts to patch or replace pieces of it. We tore the whole mess out and replaced it with PEX in a single afternoon, and it hasn't leaked since.

    Sure, it might all spontaneously dissolve tomorrow. But there are some pretty solid reasons for the DIYer to use it.
    --
    Laws do not persuade just because they threaten. --Seneca
    1. Re:Hardly. by R2.0 · · Score: 1

      Ok, I've ignored the oter ones, but this I need to respond to.

      The mere fact that you are using the term "brazing" indicates that you don't know what you are talking about. Copper plumbing for domestic hot water in residential is soldered, NOT brazed. Brazing is a related process, with higher temperatures and different filler metals.

      The fact thay you can't do a proper soldered joint doesn't mean it's hard, it means you are incompetent at soldering - oh, sorry: "brazing". And your right - any idiot can do a PEX joint; that just proves that you are at least as talented as an idiot.

      As for DIYers, you missed the GP post. It asked why, when plumbers use PEX for tract housing, they use copper for their own house. I gave answers as to why professionals may make that choice, not DIYers.

      --
      "As God is my witness, I thought turkeys could fly." A. Carlson
  122. Oil company FUD by Tod+DeBie · · Score: 1
    This is all just more FUD from the oil companies to keep oil prices high. Everyone has been predicting peak oil for a century and yet it never comes, nor is it likely to.

    We have 2 trillion barrels of oil in the US in the form of oil shale. This oil is recoverable at $30 a barrel. There are many other forms of oil to recover and many new deep water fields left to explore.

    In the mean time, we should continue to work on hybrid and other technologies to reduce our consumption. Doom and gloom on this is not justified or necessary.

  123. Re:World population will be 6x10^9 by the year 200 by gbell · · Score: 1

    Even though I'm edumacated and thought I understood the implications of exponential growth, I still found this enlightening:

    http://www.globalpublicmedia.com/lectures/461

    Dr. Bartlett explains what exponential growth really means, and how quickly things can go badly when you grow exponentially.

  124. You can compare with BpAmoco review by what+about · · Score: 1

    I hope some moderator do not flag this a troll, I am just pointing out that you can also have another point of view from the statistical review of BpAmoco

    Bpamoco statistical review

  125. No wonder the USA is in the Middle East by Petkov · · Score: 1

    where it is occupying(Iraq) or encircling(Iran) the last remining countries not directly under USA/West control. And I thought it was all about bringing "freedom and democracy" there!

    --
    I got permanently modded -1 because I dared to question Israel on /.
    1. Re:No wonder the USA is in the Middle East by kobold2 · · Score: 1

      iraq started trading oil in euro and now iran is doing it too. coincidence? i think not.

      -- cut --
      With speculation mounting over the possibility of a US- or Israeli-led military attack of Iran sometime later this year, it has been suggested that real motivation for US antipathy towards the Iranian government has little to do with concerns that Tehran is developing nuclear weapons. Some commentators have instead suggested that Iran's real Iranian threat to the US and its economy is that, in defiance of the US administration, it is attempting to establish an oil 'bourse' (exchange) in March of this year which would enable oil to be traded in euros. This would move oil sales away from their usual denomination in dollars and would, it is argued, undermine the American currency with grave consequences for the US economy.
      -- cut --

      http://www.energybulletin.net/12463.html

      -- cut --
      The Iranians are about to commit an "offense" far greater than Saddam Hussein's conversion to the euro of Iraq's oil exports in the fall of 2000. Numerous articles have revealed Pentagon planning for operations against Iran as early as 2005. While the publicly stated reasons will be over Iran's nuclear ambitions, there are unspoken macroeconomic drivers explaining the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran's upcoming euro-based oil Bourse.
      -- cut --

      http://www.globalresearch.ca/articles/CLA410A.html

      google

  126. But that's a peak oil prediction... by dido · · Score: 1

    You say that it's getting easier and easier to contemplate drilling in the arctic. Why do you suppose that is? Why is drilling in such an environmentally sensitive place like the ANWR in Alaska being considered? Why all the expense to build the Baku-Tiblisi-Ceyhan pipeline, running as it does through such dangerous regions like Chechnya, Dagestan, Abkhazia, and South Ossetia, which if they aren't already active war zones are all set to become such in the near future? Chevron's Jack No. 2 well lies under five miles of water and rock in a region that is heavy hurricane country. Why drill there, and not in some easier spot? Lately, all of the new oil discoveries and the distribution facilities needed to support them are either are in (1) environmentally sensitive regions (like ANWR), (2) dangerous regions (like the path of the BTC pipeline), (3) places which are very difficult to get at (like the Jack No. 2 Well), or some combination of all three. All the easy oil has run out, and now we're being forced to rely on oil sources that are increasingly difficult to obtain. This is the core prediction of peak oil theory, and the fact that we do see it happening today makes me inclined to believe that they're basically correct, even if their specific predictions as to the date of the peak aren't exactly spot on. After all, their best prediction (due to Kenneth Deffeyes) was last December 16, 2005, and we won't know if he was correct for a few years or so. The fact that they've slipped several dates doesn't make their core prediction wrong.

    By the way, it's no good synthesizing petroleum, and to mention it at all misses the point. Synthesizing oil consumes more energy than it produces, no matter what the process, so you have got to have some other source of energy if you're going to do it (it is, becomes, just like the much ballyhooed hydrogen economy, a carrier of energy rather than an energy source). The reason why we use petroleum that comes from out of the ground is that we get so much more energy from using it than we consumed trying to extract it. In the early part of the 20th century we got as much as 100 times as much energy using oil as we expended to get it. Right now it's down to about 20 times, and falling. It's doubtful that any future energy source (with the possible exception of nuclear energy) that we can bring online within the next decade or so will have a comparable level of efficiency to that of petroleum, even at today's reduced levels.

    --
    Qu'on me donne six lignes écrites de la main du plus honnête homme, j'y trouverai de quoi le faire pendre.
    1. Re:But that's a peak oil prediction... by Rei · · Score: 1

      Why do you suppose that is?

      Global warming. I'm not talking about political things like ANWR. The whole arctic is becoming much easier to drill in, and thus it lowers the cost of arctic oil.

      It doesn't matter how deep wells go, or where they're located. All that matters is the cost. If the aforementioned things raise the cost for particular wells, then the cost is raised on those wells. However, the higher the cost goes, the more reserves come online. And that's the fundamental point I've been making: the more expensive oil is, the greater the reserves -- not on some minor slope, but in geometric progression.

      Synthesizing oil consumes more energy than it produces

      And your point would be?...

      In World War II, the Nazi war machine was driven by coal liquifaction. Sure, they wasted more energy in the coal liquifaction process than was output in oil, but who cares? You can't run a tank on coal. You're converting a non-mobile source of fuel into a mobile one. If I had a car that could only run on Qwiznaks, and I had a field of Gweebles that I could convert into Qwiznaks at a rate of two Gweebles to one Qwiznak, you better believe that I'd be converting them if natural Qwiznaks ran short.

      Few are predicting peak *energy* any time soon (because that would be idiotic), and that's the key point: as long as we have energy, we have fuel -- even fuel that can work with our current vehicles. Whether that energy is from sweet crude, tar sands, coal, nuclear, solar, wind, hydroelectric, or hamsters in spinning wheels is irrelevant (although some sources are more efficient than others). If we have energy, we can run our vehicles, plain and simple.

      Of course, your premise is faulty. Not all alternatives are energy-negative -- in fact, most alternatives aren't. Brazil is an ethanol economy. It can be done. Worst case, we plow down all equatorial rainforests and grow sugarcane. Do I want to see this happen? Of course not. That's a horrid notion. But is there any good reason for this alternative? Between tar sands, coal liquifaction, and advancing techs for temperate ethanol production and shale extraction, no, there isn't; there are plenty of alternative fuel sources. Brazil is just an example of how a country *already* has broken the cycle, and how if it came down to it, the rest of the world could break the cycle in *precisely* the same way -- not that we need to.

      --
      Pinkypants -- my favorite!
  127. Re:World population will be 6x10^9 by the year 200 by Anonymous Coward · · Score: 0

    Lions?

  128. Calculation by Mark_MF-WN · · Score: 1
    Funny that you would prefer your own back-of-the-envelope calculations over serious ones made by actual researchers. And "funny", I mean "sad".

    E85 plans are usually based on the fact that research and good engineering has yielded much more efficient processes for turning corn into ethanol. Add on the incredble drops in the price of cellulase and lignase, and soon we could be making ethanol from, well, pretty much anything that was ever part of a plant. Your grocery store could have an ethanol plant in the back that turns all the spoiled and unsellable produce (which works out to 30% of all their produce, apparently) into ethanol. This isn't even including, of course, the possibilities of engineered micro-organisms that just sit around and use photosynthesis to make ethanol from atmospheric CO_2 and water. And even then, it's not like every single road vehicle will be using E85; that's really just for light vehicles being used to travel long distances. Commuter vehicles would probably be electric, assuming people can ever come to terms with fast acceleration, smooth rides, low failure-rates, and minimal cost-of-ownership. The present generation of drivers despises those things, but who knows what people two decades from now will like.

    Seriously -- you act as researchers who propose

    1. Re:Calculation by Martin+Blank · · Score: 1

      I was responding to someone who claimed that by 2020, the US could be using E85 across the board for gasoline by calculations showing that, without major changes (a phrase I used in the original post), we don't have the room to practically do it. Major changes include efficient cellulosic conversion.

      If you believe that I have some error in my calculations based on what is provable now and not on what kinds of technology might develop, please point it out. I realize that there is a possibility for a sizable margin of error, but I do not believe it is enough to invalidate the point.

      --
      You can never go home again... but I guess you can shop there.
    2. Re:Calculation by Mark_MF-WN · · Score: 1
      Ethanol -- right now, as we speak -- already makes up 2.8% of American "gasoline" (to the tune of 16.2 billion litres). A small number of lignin-burning ethanol plants are already in operation, proving the concept. And the ethanol needn't all be produced inside America. There is lots of arable land around the world. Think of what Canada's ethanol-production capacity could be -- and it's not like Canada would need to keep much of it. Extrapolating from your own calculations, the combined populations of the US and Canada would need to use only 12% of their combined land to produce enough oil to supply both nations -- assuming Canadians use as much oil as Americans. Factor in the switch to superior feedstocks and modern processes, and that starts to look pretty reasonable. And even then, this is assuming that America only uses domestic and Canadian ethanol. A global ethanol market could supply a lot more, particularly given America's disproportionately large purchasing power.

      We may simply be disagreeing on what constitutes a major change. Doing what we do now, but with better technology and on a larger scale seems like a rather trifling change to me. Getting rid of personal automobiles, or banning the gasoline engine for any use other than long-haul transport, those would be major changes. The whole point of E85 is to prevent people from having to do that most heinous of all things: facing change. E85 lets people use nearly identical vehicles in a nearly identical fashion. Even biodiesel and natural gas represent more substantial shifts in peoples behaviour, since they have to get used to driving with a completely different kind of engine (with the associated differences in the gearing and acceleration and whatnot). Just look at how repulsed people are by the fact that electric vehicles don't make the same noise. Or the fact that most people refuse to drive a continuous transmission vehicle unless the onboard electronics are programmed to artificially make noises and jerks that simulate a gear change.

  129. recognizing the real problem by suntac · · Score: 1

    If you read the research papers and if you do the math and put in some plain and simple thinking you will know this. If we do not get aware very very quickly we will have a huge problem in 50 years.

    Oil reserves are running out and we are missing a energy source to bridge the gab between a oil driven world and a world working on a new energy source. Yes we could use nuclear power but this will not make your car run, and yes we could use hydrogen fuel cell cars but to be honest in the upcoming 50 years not everyone will be driving a hydrogen fuel cell powered car in the upcoming 50 years.

    What will the cost be of the food you buy in the supermarket if the trucks transporting it will have to buy fuel for a $100 a liter? Could you still afford it? Will you still own a car? Could you still pay the energy costs to run your computer?

    Think about flying? Will there be cheap flights? No way, because there is no alternative than the current way of flying airplanes will still need aviation fuels. That is to say, it will not be there in the upcoming 50 years. So you will not be able to pay a ticket anymore. Modern ships are running on diesel engines so transport over sea will become to expensive.

    And now take a look around you, how many things you own are made of plastic, those will be hard to produce without using oil.

    So if we do not take action right now there will be a great problem ahead. Do not even think about global warming or the ozone layer or things like that... most of us, if you are young, or most of our kids will not even be there to see this. And the co2 emission will not be enough to really start global warming. The problem to focus on is what to do for when there is no oil anymore. And for some reason nobody is recognizing this problem... why? I do not have a clue..

    Regards,
    Johan Louwers

    --
    Regards, Johan Louwers.
    1. Re:recognizing the real problem by Anonymous Coward · · Score: 0

      It doesn't matter what we do - convert to hydrogen? Well then we'll suddenly discover we're 'polluting' the atmosphere with too much water vapour. Use biodiesel? Awesome for the poor nations when the cost of corn is through the roof etc.

      The problem is simply that there's too many people using too many resources. But hey, suggesting there's too many people on the planet is not politically correct.

      As for the Oil Sands saving the day, most people don't know it takes 5 barrels of water to produce one barrel of oil. That water is taken from the ground, contaminated, and never again usable. Alberta will run out of water long before we run out of oil.

  130. Everyone always skips solar. by crhylove · · Score: 1

    Solar is do-able. Just change all the roofing tile over to solar. Sure, rooves become more expensive (short term), but ultimately electricity would go way down in price. People are always nay-saying solar, but solar panels are just silicon right? Are we running out of silicon or something? Is it really going to stay expensive forever? Wikipedia says no.....

    http://en.wikipedia.org/wiki/Photovoltaics

    Maybe somebody should throw me (or them) a clue stick.

    rhY

    --
    I hold very few opinions. I hold information based on observation and fact. If you wish to disagree, please use facts.
    1. Re:Everyone always skips solar. by Alioth · · Score: 1

      We still have a lot of work to do for solar to be really usable, and even then, it's unlikely to be usable for transportation - which is what peak oil will really affect the most.

      I installed a photovoltaic solar panel as an experiment this summer. It's an 80 watt peak unit, monocrystalline (which is the most efficient type of solar cell that's readily available on the market). Ignoring cost issues, what I have observed so far:

      * The panel will only make 80 watts when the sun is absolutely perpendicular to the panel and there is no atmospheric haze.
      * Even two hours off mid day either side, and output is cut by a massive 50%.
      * A layer of thin cirrus (when shadows are still being cast) is enough to reduce output to 25% of rated power at mid day.
      * On a bright but cloudy day, the panel makes around 6 watts - less that 10% of rated power.

      Of course it goes without saying, you get nothing from it at night.
      In northern Europe, to power a typical house, you would need something like 15 times your average power consumption's worth in solar panels to take into account dull days, night time etc. The average consumption of a typical house is only a couple of hundred watts - and you'd need around 3kW worth of solar panels to be sure of always having enough power. Solar panels will need to be around 10% of their current cost for this to be even remotely viable cost wise. Monocrystalline panels really won't get much cheaper - it's going to take a whole new technology that's yet to be discovered to get a price reduction on this scale.

      Forget cars - in a typical family car, when you floor the accelerator, the engine is generating enough power to run an entire suburb's lighting. A 100hp engine at full chat is making 75kW of power. That engine idling is probably still making about 1kW. The feeble amount of power you get from even a very large array of solar panels just won't cut it for transportation.

      Wind is a lot more viable, certainly in northern Europe (the time we need most electricity also happens to be the time when it's almost constantly windy in many places). A mix of solar and wind is even better. However, solar has to get much, much better - to the extent of technology we've not yet invented - to be viable for mass usage.

  131. Re:Error: energy != oil by HuguesT · · Score: 1

    For some processes you really need oil or natural gas. For example to process canola to make biodiesel fuel you need to spend some oil. It's hard to power that tractor on solar or nuclear energy. To make the fertilizer to grow that canola, the primary ingredient is natural gas.

    The take-home message is while it is possible to substitute some form of energy for others, in general it is :

    1- less convenient
    2- more expensive

    than oil.

    The #1 worry is that right now a lot of the conflicts in the world revolve around oil while we are nowhere near scarcity yet. It is not that we will completely run out of oil, it is rather than the comfortable times are over.

  132. So what do we do? by kaysan · · Score: 0
    Hi,

    I work for a knowledge institute concerning itself with fossil fuels. I have to say that the stuff i read in this discussion forum is regurgitation of every conceivable argument or debate i have ever followed on the peak oil theorem.

    you have:

    a) a small minority of people who can get their heads around the fact that the world's oil and gas reserves will not be here come 2100, and that it will thus take roughly the span of two intellectual generations to change our entire (think about this for a second) way of life or at least (yes, sceptics) that part of out lives which is centered around fossil energy use, but how do these two differ?

    b) sceptics, usually the large majority of people. They break down into freshmen-year economists (the famous "price goes up, substitution will take place" theorem). Techno optimists, such as the Malthusian "technology continued to feed our expanding population" (e.g the cooky jar is infinitely full) theorem, or the hydrogyn optimists, solar panels, nuclear energy, etc.

    I personally believe that technological barriers are there to be broken, and that another form (most likely solar) will in the long-term replace our current fossil fuel usage (but probably not before we light up and smoke every cubic inch of vile material such as nuclear, coal, lignite, etc - freshman year economics, remember?). In that sense, the idea of energy shortage is very much that, an idea.

    what worries me most is the notion that each country can solve its problems for itsel. People, the biggest challenge mankind faces in the 21st century is not "when and how will technology aid us" but rather, "will the transition be smooth, or will large groups of (poor)people miss out?".

    don't forget oil and gas are the most energy-intensive substance on this planet, this means CHEAP energy. This is the driving force behind, for instance, the process of economic globalization (the fact that it is cheaper to ship stuff over thousands of kilometres), but it is also represented in our status symbols: big cars, big tvs, airconditioned cities right in the middle of the desert and high-tech energy guzzling military machines. What we are up against is not technology or econmics, it's mentality, its asking people if they would mind their economy NOT growing, it's ethics.

    on a closing note i must say it seriously offends me that a story on North Korea's nuke draws approximately 3-4 times as many comments as something as paramount as this. But perhaps that largely betrays our inclination towards the short-term, the very mechanism that got us in this mess in the first place. ;)

    1. Re:So what do we do? by FrostedChaos · · Score: 1

      A small minority of people who can get their heads around the fact that the world's oil and gas reserves will not be here come 2100, and that it will thus take roughly the span of two intellectual generations to change our entire (think about this for a second) way of life or at least (yes, sceptics) that part of out lives which is centered around fossil energy use, but how do these two differ?
      If I remember correctly, the industrial revolution only really started picking up steam in the 1800s. So it only took 200 years for us to go from horses and buggies and blacksmiths, to automobiles and bullet trains. Technology is going to turn our lives upside down in the next century-- oil or no oil.

      what worries me most is the notion that each country can solve its problems for itsel. People, the biggest challenge mankind faces in the 21st century is not "when and how will technology aid us" but rather, "will the transition be smooth, or will large groups of (poor)people miss out?".
      In one sense, countries can solve their energy problems for themselves. For example, Brazil has more or less moved all of their vehicles to locally produced ethanol. (They grow sugar cane and distill it.) Europe has a good train infrastructure that conserves energy.

      In another sense, nobody has found a way to solve the global problems that we have: global warming and environmental degredation.

      on a closing note i must say it seriously offends me that a story on North Korea's nuke draws approximately 3-4 times as many comments as something as paramount as this. But perhaps that largely betrays our inclination towards the short-term, the very mechanism that got us in this mess in the first place. ;)
      Perhaps its because peak oil and other "futurist" topics have been discussion points for about two decades, whereas the korean nuke test is actual news?

      --
      "Any connection between your reality and mine is purely coincidental." -Slashdot
  133. All of which can be made from coal... by Goonie · · Score: 1
    Your point is, essentially, that plastics are important. Which is obviously true.

    However, you can get essentially any hydrocarbon feedstock you want for producing plastics from reprocessing coal, or for that matter biomass. Yes, the cost is higher, but not outrageously so. For the high-value products you mention like drugs, the cost of switching to alternative feedstocks will be almost infinitesimal in the scheme of things.

    --

    Any sufficiently advanced technology is indistinguishable from a rigged demo
    --Andy Finkel (J. Klass?)
  134. Re:World population will be 6x10^9 by the year 200 by Evil+Pete · · Score: 1

    I'm afraid those ideas are severely flawed, we definitly do have the resources to rise again, that isn't the issue.

    So wrong I almost didn't bother replying. OK smart arse. How do you get from stone age to nuclear without fossil fuels?

    And what scalable replacement energy solutions? Don't mention tar sands, ethanol, biofuels, nuclear or fusion ... the lead times or inability to scale don't allow it.

    Unless you have some brilliant solution I suspect your just mouthing over optimistic unrealistic stuff you read without questioning somewhere.

    --
    Bitter and proud of it.
  135. Well go buy silver by Goonie · · Score: 1
    Maybe you're right. But if you are, why are you telling me this? Go buy some shares in silver miners and make out like a bandit.

    And if this is really the case, why isn't silver attracting the stockmarket buzz that even two-bit uranium explorer, to take one random example, is right now?

    --

    Any sufficiently advanced technology is indistinguishable from a rigged demo
    --Andy Finkel (J. Klass?)
  136. You're being 'corn' centric. by BobBoring · · Score: 1

    large parts of Florida

    Most of Florida is excellent for growing sugar cane and rice. Any fermentable sugar is a stock for ethanol. The current level of sugar production in the US is artificially low. The high prices on domestic cane sugar are an outgrowth of tariffs on imported sugar and a governmental quota system for acreage allotments to grow cane. The same is true for peanuts and many other sources of oils and fermentable carbohydrates.

    The technologic inovations already exist. They just need the market price for fossil fuels to rise above the inital production costs.

    Brazil is using cane sugar to produce ethanol fuels at a price point below the current cost of imported oil. Cane avoids the 'cellulous conversion' issue you keep pointing at. Brazil is piloting bio-diesel production from soy, sunflowers and rapeseed.

    Fuel grade soy oil can be extracted from the bean in current production facilities. The fuel can be distributed and used in currently fielded tankage and vehicles. Soy oil is one of the worst candidates for fuel. The production per acre is way below the production of ethanol from corn but the production costs are around $0.30 per gallon. There are many plant oils that can be used for fuel production. Here are some production rates for other crops grown in the US.

    Soybean: 40 to 50 US gal/acre (40 to 50 m/km)
    Rapeseed: 110 to 145 US gal/acre (100 to 140 m/km)
    Mustard: 140 US gal/acre (130 m/km)
    Jatropha: 175 US gal/acre (160 m/km)
    Palm oil: 650 US gal/acre (610 m/km) [2]
    Algae: 10,000 to 20,000 US gal/acre (10,000 to 20,000 m/km)

    Commercial algae farming does not require use of arable land and could occur in costal waters. The issue for algae based fuel is production cost. The current price estimates are $61-$127 a barrel. The existence of any steady supply of fuel at a lower price point raises the risk of development of algae based fuels beyond the limit of most venture capitalists. No capitalization means no development of the resource.

  137. Re:World population will be 6x10^9 by the year 200 by susano_otter · · Score: 1
    Finally, need I point out that the dinosaurs showed amazing adaptability and survivability for about a hundred million years? Runs of luck far longer than ours have ended badly.

    The dinosaurs were destroyed by a bona fide out-of-context problem: a bigass meteor to which they couldn't adapt. I don't rule out the possibility that a major unpredictable cataclysm--say, the sun exploding--would totally overwhelm human adaptability.
    --

    Any sufficiently well-organized community is indistinguishable from Government.

  138. Re:I'm not worried - Bio-diesel by ThumpSlice · · Score: 1

    It's surprising that this works, but it does. More here -> http://www.biodiesel.org/ .

    If your car is sufficiently old, the rubber parts that come into contact with the diesel fuel will degrade when they come in contact with vegetable oil (or a methyl ester like biodiesel). Newer diesels with synthetic rubber parts don't generally have this problem.

    You also need to worry about starting in cold weather, as biodiesel becomes a solid at a higher temperature than traditional diesel fuel. There are a number of ways to deal with this (insulated/heated fuel lines, "glow plug" spark plugs, etc.).

    --
    -- If you're posting to be funny, and your sig is funnier . . . .
  139. Re:Error: energy != oil by Eccles · · Score: 1

    Point taken, but unless those other energy sources are abundant, cheap, and accessible, it's quite likely they'll use the energy from the oil itself. Heck, if a coal->synthetic fuel process (Fischer-Tropsch) is ~30% efficient -- and wikipedia implies 50% efficiency -- it may be better just to convert the coal and ignore the sands/shales.

    Oil sands/shales are also among the most environmentally damaging energy sources out there. Assuming you use fossil fuel to refine it, it's producing ~3x as much carbon per unit of energy as drilled oil, and that after the strip mining generally used to collect the sands/shales.

    --
    Ooh, a sarcasm detector. Oh, that's a real useful invention.
  140. Re:World population will be 6x10^9 by the year 200 by udoschuermann · · Score: 1

    The question is not so much the production of resources (food, oil, etc.), but what impact the waste has on the environment as the population continues to grow. Not unlike cancer, we can only bury and forget the waste for so long. Eventually it will not be ignored any longer and we're going to have to face the consequences.

    Land fills are reaching capacity (waste is shipped from one state to another where there is still space), and waste pumped into rivers, lakes, and oceans are killing fish or keeping life away (the dead zone in the Gulf of Mexico around the mouth of the Mississippi). Looking the other way isn't going to make it go away. It's just a question of when and how severely it'll come back to bite us.

    --
    --Udo.
  141. Re:World population will be 6x10^9 by the year 200 by susano_otter · · Score: 2, Insightful

    Would I be right in assuming that you are not actively and directly involved, on a daily basis, in waste management efforts relating to the concerns you have raised?

    I don't mean "do you recycle?"; I mean, "do you commit a majority of your personal time, energy, and wealth resources every day to solving the problem you describe?"

    See, my theory is that real problems get solved in short order. Unreal problems, on the other hand, get a lot of lip-service from a lot of people who aren't really serious about solving them, as evidenced by their large amount of talk, and small amount of action.

    To the extent that waste management becomes a serious problem, it will get serious solutions. To the extent that it isn't a serious problem, it will get a lot of people on the internet, taking time out from their non-waste-management-problem-solving lifestyles, complaining about how serious a problem it is and how we all need to take it seriously.

    So which is it? Have you dedicated your life to the salvation of humanity, or have you dedicated your life to the twin grails of getting while the getting is good and of telling everybody else to take the problem seriously?

    --

    Any sufficiently well-organized community is indistinguishable from Government.

  142. Re:World population will be 6x10^9 by the year 200 by buckysphere · · Score: 1

    You really should stop using logic and sound reasoning because you're standing out like a sore thumb. Try freakin' out and running around in tears while spreading FUD that is based on BS. Aw, come on, all the cool kids are doing it and you'll fit in much better. The sky really is falling, you know, and there is absolutely nothing that can be done about it.

  143. Canada, eh? by PhotoGuy · · Score: 1
    I know I'm way too late posting to this thread to get any moderation (one of the things that blows about /.), but it's useful information, so I'll post anyway :)

    I saw it mentioned on The Daily Show that despite the difference in total world production between Saudi Arabia and Canada (24%, versus 2%), the US imports nearly as much oil from Canada as from Saudia Arabia, and the trend is towards Canada's share of that increasing. I think most Americans would be very surprised to hear that.

    Doing a quick search for numbers, I cam up with a reference (on Digg, of all places):

    Last year we imported 792,691,000 barrels of oil from Canada. From the Persian Gulf countries we imported 838,922,000 barrels. However, this is the end of a lowering trend for Persian Gulf states and increasing trend for Canada (b/c of tar sands I'd bet). Let's check out 2001 also, in that year we imported from Canada 667,374,000 barrels while from the persian gulf we imported 1,007,807,000 barrels.

    A few interesting things about that point. First of all, that implies to me that the Arabs don't necessarily *need* US as a consumer to still have most of their market. More imporatntly, if the US could cut its oil usage by 50% through aggressive alternative fuel usage, conservsation, and such, it could *eliminate* it's dependence upon oil overseas, and not have to invade and wage war in country after country to preserve its stock.

    Yes, 50% is a huge decrease, but if a small portion of the funds saved on military presence were redirected into alternative fuel research, I'm pretty sure it could be done. (Of course, reduced dependence upon oil also reduces the demand on Bush and family/cronies personal oil interests, so there's a huge conflict of interest there.)

    --
    Love many, trust a few, do harm to none.
  144. Scarcity by Mark_MF-WN · · Score: 1

    Woah, someone's got socialism on the brain. To be clear, that someone is you. I know people are trying to provide things more cheaply to line their own pockets -- that's why the oil is being used up so fast, and why copper is now very expensive (and no amount of cleverness will reduce its price) . Finite supply, clever people thinking up bigger and betters ways to acquire and sell the resource -- that makes the supply dwindle FASTER. Am I proposing rationing? Of course not. Get your head out of the 70s. Cold war's over. We all love the free market (well, all of us except the people who whine every single time they gas up their SUV, which it turns is pretty much everyone). What I'm suggesting is that anyone who thinks that oil wont become completely impractical for use as a fuel someday is completely retarded and doesn't understand basic concepts like that exponentially accelerating usage will exhaust any finite supply.

  145. Re:Error: energy != oil by Dire+Bonobo · · Score: 1

    > For some processes you really need oil or natural gas. For example to process canola to make
    > biodiesel fuel you need to spend some oil. It's hard to power that tractor on solar or nuclear
    > energy. To make the fertilizer to grow that canola, the primary ingredient is natural gas.

    There really aren't all that many things which require petroleum-per-se, though; using it is only the way it's currently done, not the way it must be done.

    I'm not sure which part of oil-to-biodiesel you're saying takes oil, but vehicles can and have been run on vegetable oil out of a deep fryer. Based on my understanding of the process, you're likely talking about hydrogenation, which is just adding hydrogen from any source -- solar- or nuclear-based electrolysis is a non-fossil option for that.

    Similarly, fertilizer is made with natural gas only because that's currently the cheapest source of hydrogen; solar- or nuclear-based electrolysis is, again, a non-fossil option for that process (although work in modern organic farming practices suggests our current heavy fertilizer inputs may not even be necessary; the Amish, for example, get surprisingly high yields despite low chemical inputs).

    Finally, of course, the tractors involved are usually diesel anyway, and so can run pretty easily on biodiesel.

    Obviously, it's not going to be a fun time when petroleum supplies start running short -- no argument there. I'm just pointing out that there are alternative options for generating liquid transportation fuels that need not rely heavily on petroleum.

  146. Re:Error: energy != oil by Dire+Bonobo · · Score: 1

    > Point taken, but unless those other energy sources are abundant, cheap, and accessible,
    > it's quite likely they'll use the energy from the oil itself.

    As long as it's economic, yes, so you're right that it'll likely to continue to be the case for a while yet. I'm just pointing out that the process isn't required to work that way, so these are still viable options in the case of declining oil supplies.