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Ask Slashdot: What If We Don't Run Out of Oil?

symbolset writes "The Atlantic recently ran an in-depth article about energy resources. The premise is that there remain incalculable and little-understood carbon fuel assets which far outweigh all the fossil fuels ever discovered. The article lists them and discusses their potentials and consequences, both fiscal and environmental. 'The clash occurs when renewables are ready for prime time—and natural gas is still hanging around like an old and dirty but reliable car, still cheap to produce and use, after shale fracking is replaced globally by undersea mining of methane hydrate. Revamping the electrical grid from conventionals like coal and oil to accommodate unconventionals like natural gas and solar power will be enormously difficult, economically and technically.' Along these lines, yesterday the U.S. Geological Survey more than doubled their estimate of Bakken shale oil reserve in North Dakota and Montana to 7.4-11 billion barrels. Part of the push for renewables over the past few decades was the idea that old methods just weren't going to last. What happens to that push if fossil fuels remain plentiful?"

466 of 663 comments (clear)

  1. We Wish by Cornwallis · · Score: 5, Informative
    1. Re:We Wish by oodaloop · · Score: 1, Insightful

      You mean environmentalists are using wishful thinking when saying we'll run out of oil and we'll have to switch to renewable energy sources, even though the evidence now points to there being plenty of oil? Both sides are guilty of wishful thinking and selective reading of the evidence.

      --
      Tic-Tac-Toe, Global Thermonuclear War, and relationships all have the same winning move.
    2. Re:We Wish by BasilBrush · · Score: 5, Insightful

      Environmentalists are not saying we're running out of oil. "Peak Oil" does not mean the end of oil. Indeed it's believed to happen when around half the oil has been extracted, and half is still in the ground. The reason production goes down is because the remaining oil gets more and more difficult to extract. Costly both financially and in terms of energy. And if it cost > 1 joule of energy to extract oil that gives 1 joule, it's not worth it.

      Note that the first 50% of oil was mostly consumed in a century. Because of increased consumption, even if the second 50% were easy to extract, it wouldn't last a century.

      Environmentalists ARE saying that oil is polluting, both in terms of traditional pollutants, and releasing green house gasses. And if we have to switch to renewables anyway, why not do it as soon as possible.

    3. Re:We Wish by Anonymous Coward · · Score: 5, Informative

      The evidence is overwhelming. Burning fossil fuels reintroduces carbon that has been out of the carbon cycle for millions of years. If we were burning corncobs there wouldn't be a problem because that carbon is part of the active carbon cycle, but instead we're releasing buried carbon back into the air that hasn't been active carbon since the earth's dinosaur-greenhouse days.

      We have "plenty of oil" in the same way Social Security is fully funded and solvent... for about 30 years. The emphasis in the statement is on the "we" part, because you and I have plenty of oil but our grandkids are pretty much fucked. Claiming there is plenty of oil is the classic "fuck you, I got mine" mentality in action.

    4. Re:We Wish by FooAtWFU · · Score: 5, Insightful

      And if we have to switch to renewables anyway, why not do it as soon as possible.

      This question is easier to ask when you're making well-above-average computer-programmer-level salaries and quadrupling the price of electricity and fuel (or something) and the various manufactured things which depend on that price isn't going to really ding your lifestyle. But given the number of people in this world who make a trivial fraction of that, it gets more complicated.

      --
      The World Wide Web is dying. Soon, we shall have only the Internet.
    5. Re:We Wish by TWiTfan · · Score: 2

      Every side has their own utopian/dystopian visions of alternative futures. Fortunately, if the history of prognostication is any indicator, they'll all be wrong. The future will prove to be something that no one expected.

      Now, if you'll excuse me, I'm off to pick up some Soylent Green from my local moonbase restaurant in my hovercar.

      --
      The cow says "Moo." The dog says "Woof." The Timothy says "Thanks, valued customer. We appreciate your input."
    6. Re:We Wish by Albanach · · Score: 5, Insightful

      even though the evidence now points to there being plenty of oil?

      So let's say we take the high end estimate. 11 billion barrels of shale oil available.

      Current US oil consumption runs around 19 million barrels per day. You just discovered enough oil to last the United States for twenty months.

      I guess you might be correct, for very small values of plenty.

    7. Re:We Wish by Narcogen · · Score: 5, Interesting

      The reason why not is obvious. Oil companies have their place in the markets, their sunk costs invested in equipment, technology, business processes, and distribution networks. Their interest is not in getting off oil as soon as it is possible, or practical. It is to stave off that transition as long as possible, to make sure that extracting and refining oil remains profitable right up until the last possible drop that can be produced and consumed is produced and consumed.

      Presumably at some point, if they want to remain in the energy business, they will themselves convert to something else so that when there is no more oil that can be practically and profitably produced, they will remain in the market by diversifying.

      So there's the time when environmentalists say we should transition (now) and the time when oil companies say we should transition (when oil is no longer profitable, when they say so) and what actually happens will fall somewhere in the middle, very likely much closer to the latter than the former, because when it comes to resolving conflicts of interest between the energy sector and interests of ordinary citizens, most Western governments have a pretty terrible track record.

    8. Re:We Wish by Chrisq · · Score: 1

      You mean environmentalists are using wishful thinking when saying we'll run out of oil and we'll have to switch to renewable energy sources, even though the evidence now points to there being plenty of oil? Both sides are guilty of wishful thinking and selective reading of the evidence.

      If this is in response to Cornwallis' link you have it totally wrong. The link is saying that claims that we will never run out of oil are wrong

    9. Re:We Wish by jellomizer · · Score: 4, Insightful

      I wish we could differentiated environmentalist from the scientists and the raving hippy nuts.

      Every choice has a trade off. We need to diversify our energy sources vs finding the magic bullet of perfect energy that just doesn't exist.

      Fossil Fuels offer a good energy per unit ratio, they can be transported, and stored. They can be used in small affordable machines, and it is rather cheap. The down side is when spent it produces harmful gases, and creates increases global warming.

      Nuclear Energy can offer a lot of energy, raw material can be transported and stored, its output doesn't create toxic gasses. However, it does create radioactive waste that is hard to manage, and energy needs to be processed at large power plants.

      Hydroelectric (They don't talk about this much, I am not sure why), Good source of energy, clean (assuming you don't kill too many fish). However you will need power plants, and an infrastructure to send energy, and you need to build it around water sources, not portable. (the best location is also what people would say is prime vacation areas and dosn't want the nature in that area to be spoiled with a large building. ...

      You start seeing the point. What ever energy we choose to use will have its good side and bad side. The trick is to get the right balance, and improve efficiencies where possible.

      Do we put solar panels on our homes, and have a smaller natural gas or nuclear plant to cover the rest?
      Can we make more efficient cars such as hybrids, or plugin electric with gas backup? Can you do this with more powerful cars/trucks people want?

      Could we have a small generator in a creak powering a few local home?

      They are a lot of options. The trick is to get the right balance.
       

      --
      If something is so important that you feel the need to post it on the internet... It probably isn't that important.
    10. Re:We Wish by epine · · Score: 1

      Kunstler doesn't add much to the question posed. He burries the meat of his argument under this horrible diatribe:

      You could call these two examples mendacious if it weren't so predictable that a desperate society would do everything possible to defend its sunk costs, including the making up of fairy tales to justify its wishes. Instead, they're merely tragic because the zeitgeist now requires once-honorable forums of a free press to indulge in self-esteem building rather than truth-telling. It also represents a culmination of the political correctness disease that has terminally disabled the professional thinking class for the last three decades, since this feel-good propaganda comes from the supposedly progressive organs of the media -- and, of course, the cornucopian view has been a staple of the idiot right wing media forever. We have become a nation incapable of thinking, or at least of constructing a consensus that jibes with reality. In not a very few years, the American public will be so disappointed and demoralized by broken promises like these that they will turn the nation upside down and inside out, probably with violence and bloodshed.

      What did that accomplish, exactly? He sounds like a call-in radio host winding up his faithful windbags before opening the switchboard to a long queue of flashing lights. Did that actually help anyone think? I think not. It's just a long clatter of power words. If we had access to a time machine for a single trip, and we sent someone back to explain to Isaac Newton what the world looks like nearly four centuries later, there's about 49,850 words from a 50,000 word vocabulary that would serve far less well than "cornucopia" even before writing down e=mc^2 and explaining the energy content of a gram of matter and moreover, that we've already harnessed this, and we've very nearly harnessed this as well as the sun (which has, if he's curious, several billion years remaining of happy middle age). So then after drilling down into specifics for a week or three, he might ponderously observe "Now I understand. There was a temporary energy glitch circa 2030 which caused great consternation with ten billion mouths to feed and dime-store weapons of mass destruction ready to hand." He's underappreciated for his sharp ear and biting humour.

      If we had an unlimited supply of oil (very nearly true if an efficient process is discovered to covert coal into oil) then we'd be game on for climate roulette. If we had any mostly unlimited supply of energy, then we'd have to start dealing with the fundamental problem that any good physicist would quickly identity as far more severe than an energy deficit: shedding waste heat from the hot blue marble. There's no future where we can continue to use energy as unwisely as we did during the global boom of the 1950s and 1960s.

      Yet the real game changer, if we get there in one piece, is the transition from global population growth to global population steady-state. Rapidly growing populations have fundamentally different priorities than equilibrium populations. Personally, the thought of six billion middle class adults racking up 10,000 airmiles annually for mild respite from the 40/40/40 makes me shudder with disgust, so I'm mostly hoping the oil supply remains tight until we're ready to ante up to some fundamental societal change.

    11. Re:We Wish by SirGarlon · · Score: 1

      I did, or rather, I started to. Every time an author resorts to abuse instead of argument, his credibility gets cut in half. About four sentences in, I realized that that article wasn't worth the time I'd already spent reading it.

      --
      [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    12. Re:We Wish by Anonymous Coward · · Score: 5, Insightful

      And if we have to switch to renewables anyway, why not do it as soon as possible.

      This question is easier to ask when you're making well-above-average computer-programmer-level salaries and quadrupling the price of electricity and fuel (or something) and the various manufactured things which depend on that price isn't going to really ding your lifestyle. But given the number of people in this world who make a trivial fraction of that, it gets more complicated.

      That sounds a lot like figuring the cost of something based solely on what you paid at the cash register.

      How about this, instead? We invest in alternative energy technologies R&D now? Then when (or if, if you prefer) the cost of oil-based energy becomes prohibitive, we'll be prepared, instead of waiting until the last moment and running around like the denizens of Tokyo when Godzilla comes to town? We'll have already learned the expensive mistakes and false starts, and be able to more efficiently deploy the most cost-effective alternatives when we need them.

      I realize that there is a large segment of the population that screams we're absolutely utterly helpless whenever a problem comes up that cannot be solved by invading and pillaging, but I have a little bit more faith in both Nature and the human race. If we just take some responsibility and do something instead of waiting around quivering until the oil taps run dry, we just might achieve something worthwhile.

      We always seem to be able to find the money to fund wars, so I don't buy into the idea that we cannot afford to provide for our own future. What's the point of winning the wars if the country is destroyed by its own negligence?

    13. Re:We Wish by slashmydots · · Score: 1

      You and the article are right. There might just be an unlimited supply of oil buried in the Earth. That's right, there's a wormhole open to another galaxy that perpetually creates oil as a spontaneous quantum magic trick.

    14. Re:We Wish by sribe · · Score: 3, Informative

      Note that the first 50% of oil was mostly consumed in a century.

      Except that it wasn't. We keep finding more and more, and that 50% keeps going down and down...

      Well, in this context the word "oil" is ambiguous. It could mean a very specific thing, in which case the 50% is closer. Or it could mean anything that falls under the category "petroleum", which is the way I took it.

    15. Re:We Wish by SirGarlon · · Score: 2

      Hydroelectric (They don't talk about this much, I am not sure why),

      I think it's because in the US, most of the natural hydroelectric capacity is already developed. Certainly in New England, every little river seems to have its own little dam or three. Yet those meet only a small fraction of our energy demand. So, increasing hydroelectric capacity seems unlikely to be a major factor in solving our energy problems.

      --
      [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    16. Re:We Wish by moeinvt · · Score: 1

      I didn't look at the blog, but I've read Kunstler's books, and I wouldn't characterize him as an "environmentalist". You should check out "The Long Emergency". In a nutshell, it takes time and energy to extract oil from the ground, transport it, refine it, etc. Kunstler predicts that we'll eventually reach a point where it takes the equivalent of a barrel of oil to get a barrel of oil to market. At that point, the petroleum based economy is obviously dead
      I'm skeptical of the claim that there is "plenty of oil". For example, the new estimates of the Bakken shale oil reserves (up to 11B barrels) isn't much when you consider that the USA uses about 93M barrels per DAY.
      These new oil discoveries are also expensive to extract, so we have a few data points to support Kunstler's prediction.

    17. Re:We Wish by BasilBrush · · Score: 5, Insightful

      and quadrupling the price of electricity and fuel (or something)

      Or something? You're making an argument when you don't even know? Check out green energy tariffs. They are a bit more expensive than ordinary ones. But not 4 times, that would be ridiculous.

      But that's by the by. Fossil fuels are not a repeatable bargain. The human race can extract them once every several million years. What makes you think that you saving a bit of money is justification for using up all of a particular resource, and polluting the place in the process? Why do you deserve it more than your grandchildren, great grandchildren and so on.

      Remember, oil isn't just for energy. It's a raw material for manufacturing most products too. Do you really think it's wise to burn it off in the next generation, leaving nothing left for the thousands of generations to come?

    18. Re:We Wish by Lumpy · · Score: 1

      "Note that the first 50% of oil was mostly consumed in a century."

      You need to correct that statement.

      Note that the first 50% of easy and cheap to get at oil was mostly consumed in a century.

      There is more oil deeper and in places that it is far less profitable to get to. We will still have oil around in 300 years, it's just going to be ungodly expensive.

      --
      Do not look at laser with remaining good eye.
    19. Re:We Wish by Endovior · · Score: 1

      And if we have to switch to renewables anyway, why not do it as soon as possible.

      Efficiency curves. Sure, as the oil supply continues to be used up, it'll get less and less efficient to extract it, leading to higher prices, leading to alternative petroleum sources, like those produced by fracking and such, to become more feasible. Even so, those options are chosen because they remain more cost-effective than the renewable options. The renewable options are slowly getting more efficient, as the technology improves... but given the rate of improvement, they'll remain less efficient than petroleum-based solutions for some time now.

      When renewable energy really does become feasible, it won't be in a sudden big news moment. It'll come slowly, over time, as the technology slowly improves to the point where it's able to compete with the slowly degrading efficiency of fossil fuels. That is, notably, a point in which the price of energy will be higher than it is today. That, right there, is what 'peak oil' will really look like; not a bang, but a whimper.

    20. Re:We Wish by kellenspapa · · Score: 1

      Why do there have to be "sides"? Why can't we just let the market do its thing? When the economic balance tilts toward renewables we will switch to them no matter how much carbon is easily available. Eliminate all the special government rewards/penalties associated with any and all energy producton and the law of supply and demand will elegantly elevate the current best solution at any given time.

    21. Re:We Wish by lessthan · · Score: 1

      Or, maybe, they turn against it when new evidence came forward showing that the dams were contributing to the eradication of the fish populations and preventing the farmland below the dam from flourishing. You know, like what rational people do when presented with evidence that one of their favorite things is hurting people.

      --
      Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
    22. Re:We Wish by BasilBrush · · Score: 4, Informative

      Except that it wasn't. We keep finding more and more, and that 50% keeps going down and down...

      Hubbert came up with peak oil theory, and he based it on the finite oil in the ground, not the vaguaries of oil that we happen to know about at any one point in time.

      Hubbert was a geologist working for an oil company. The fact that new discoveries come along, but at an ever slowing pace, was hardly something he wasn't aware of, and isn't a flaw in the theory.

      The 50% is "50% of oil in the ground", not "50% of oil that we've discovered". The 100% doesn't move, other than at the pace of geological time frames.

    23. Re:We Wish by leonardluen · · Score: 2, Insightful

      And if it cost > 1 joule of energy to extract oil that gives 1 joule, it's not worth it.

      it isn't that simple. Oil makes a tremendously good battery. it is highly portable and has a very high energy density. It is better than any other battery we currently have. So even if it begins costing >1 joule of energy to extract 1 joule worth of oil, it will still be in high demand for its energy storage capability unless we invent a better battery. if it takes more energy to pull out of the earth than we get from it, then we will just find other means to pull it out of the earth, such as powering our oil rigs with solar or wind power.

    24. Re:We Wish by BasilBrush · · Score: 1

      "Note that the first 50% of oil was mostly consumed in a century."
      You need to correct that statement.

      No I don't. It's correct.

      Note that the first 50% of easy and cheap to get at oil was mostly consumed in a century.

      No. The 50% of total oil we've extracted was the easy and cheap oil. The remaining 50% is hard to get oil.

    25. Re:We Wish by macson_g · · Score: 1

      And if it cost > 1 joule of energy to extract oil that gives 1 joule, it's not worth it.

      Only if you intent to use the oil as energy source. Oil can be used as a chemical ingredient in, say, pharmaceutics.

    26. Re:We Wish by BasilBrush · · Score: 3, Insightful

      Renewable energy is already feasible. It's already widely used. Just not widely enough yet.

      The rest of your post is basically an assumption that we should allow the oil companies to dictate energy policy according to what's profitable for them. Well, it probably will go like that. But it shouldn't and it doesn't have to.

      Economics is not God. It doesn't need your worship.

    27. Re:We Wish by slash.jit · · Score: 1

      No matter how complicated you think the question is there is only one answer - moving to clean renewable energy.

    28. Re:We Wish by petermgreen · · Score: 2

      Hydroelectric (They don't talk about this much, I am not sure why)

      Hydro can be broadly divided into three categories.

      Waterfall based, find a large natural waterfall, for example niagra falls and construct a bypass route with turbines in it. Power available is large and is limited largely by how much you are prepared to reduce the natural "spectacle of the waterfall" (according to wikipedia at niagra falls one third is taken by the US, one third by canada and one third is left to nature).

      Dam based, put a large dam across a river and send the water through turbines. This is in many ways an ideal power source since it can supply very high peak power with the utility choosing to spend the energy stored by the dam whenever they feel it nessacery. Of course it also floods a lot of land and creates issues for fish and boats.

      Run of the river, put turbines in a flowing river.

      The problem is that most sites for the first two categories are either already taken or politically difficult (people don't like it when you propose flooding thier homes) and the third category has many of the same issues that plague other renewables (low energy available per site, intermittent power, etc)

      --
      note: i'm known as plugwash most places but i screwd up registering that here somehow in the past and now can't register
    29. Re:We Wish by BasilBrush · · Score: 1

      Oil makes a tremendously good battery.

      I don't know about you, but I buy rechargeable batteries, not one time use batteries. One time use batteries are not "tremendously good batteries".

    30. Re:We Wish by oodaloop · · Score: 1

      We first thought we were hitting peak oil in the 1920s IIRC, when the total amount of oil thought to exist in the world is less than what the U.S. uses in a day today. The life expectancy of oil has gone up since then even as our consumption has gone up. Right now, our life expectancy of oil is 34 years. 34 years ago, the life expectancy was les than 20 years. We have been finding oil in massive quantities even as we use more and more. At some point, we'll run out. But we really don't know for sure how much is down there. For a good read, I suggest The Age of Oil, an extremely thorough look at the evidence on oil consumption and production. I've been less than convinced of the evidence that we're anywhere near peak oil. I'm not trying to argue we shouldn't stop polluting. In fact, I think switching to renewable energy isn't nearly enough to save us from disaster.

      --
      Tic-Tac-Toe, Global Thermonuclear War, and relationships all have the same winning move.
    31. Re:We Wish by BasilBrush · · Score: 1

      Correct. So what a waste it is to burn the major raw material for future products.

    32. Re:We Wish by tibit · · Score: 1

      You don't really need to do any deep analysis here. Any non-renewable fuels are necessarily a finite resource because our planet's crust and atmosphere have finite masses. All of the oxygen available to burn the fossil fuels is in the atmosphere and the crust. All of the fossil fuels are in the crust as well. That's as finite as it gets. There's no way to "never" run out of fossil fuels. We'll either run out of fossil fuels or out of atmospheric oxygen. Getting oxygen out of the crust is a very slow process, so at the moment it's best to forget about it.

      --
      A successful API design takes a mixture of software design and pedagogy.
    33. Re:We Wish by thoth · · Score: 5, Informative

      Whoever modded parent insightful can't do math either.

      The irony is delicious...

      11 Billion barrels is 11,000 Million. 11,000 Million / 19 Million per Month = 579 Months = 48 Years

      You somehow translated 19 million barrels per day into 19 million barrels per month. So you are the one off by a factor of 30.

      579 months / 30 = ~19 months, right around what the GP said.

      And, a quick google seems to confirm these numbers (~19 million barrels per day): http://www.eia.gov/tools/faqs/faq.cfm?id=33&t=6

    34. Re:We Wish by oodaloop · · Score: 1, Interesting

      I wasn't just refering to this article, but to other evidence pointing to how much oil we have. I highly recommend The Age of Oil, a thorough review of the evidence of oil consumption and production. From what I've read (that and other books), we aren't anywhere near peak oil, and there is likely vast amounts of oil not yet discovered. It's amusing to me that by pointing out this evidence, I am immediately branded as some neo-con drill baby drill anti-environmentalist. I actually think we should switch from greenhouse gas polluting energy to renewable energy and drastically reduce our energy consumption and destruction of the environment. But my opinions of what we should do don't change the facts about oil levels.

      --
      Tic-Tac-Toe, Global Thermonuclear War, and relationships all have the same winning move.
    35. Re:We Wish by flimflammer · · Score: 1

      Yikes. Are you trying to be ironic or something?

      He said 19 million barrels per day, not month. Do the math with the correct scale and get back to us.

    36. Re:We Wish by tibit · · Score: 1

      Hydroelectric generation != hydroelectric storage. You can still develop plenty of new hydro storage to provide base load as generation shifts to bursty wind and solar.

      --
      A successful API design takes a mixture of software design and pedagogy.
    37. Re:We Wish by BasilBrush · · Score: 2

      We first thought we were hitting peak oil in the 1920s IIRC

      You don't recall correctly. Peak Theory was proposed in 1956, so it would have needed a time machine for your proposal to be true.

      Since then the theory has been born out by the USA and over 50 other countries that are already past their peak oil production.
      http://www.theoildrum.com/node/5576

      For a good read, I suggest The Age of Oil

      If it's the source of your earlier recollection, I'll give it a miss. I've read plenty more accurate books such as Twilight in the Desert.

    38. Re:We Wish by Thavilden · · Score: 1

      Try again. 19 Million barrels per DAY, not month.

    39. Re:We Wish by Chrisq · · Score: 1

      We'll never run out of oil - fish oil, whale oil, peanut oil, vegetable oil. It doesn't have to be crude.

      If used sustainably they count as renewables.

    40. Re:We Wish by BasilBrush · · Score: 1

      Soylent Green may not have been right (yet) about making processed food from humans. But prediction of a place where you could go that would give you a easy and dignified death if you chose to die?

      http://en.wikipedia.org/wiki/Dignitas_(assisted_dying_organisation)

      And in Europe this year, there's been a big scandal that many supposedly beef based products are actually horse-meat.

      Soylent Green may not have come 100% true yet. But as science fiction, it certainly got the direction right.

    41. Re:We Wish by Anonymous Coward · · Score: 2, Interesting

      And the basis of your math for your extremely well researched hypothesis: 'and quadrupling the price of electricity and fuel (or something)' is??

      I am having solar panels installed AS I TYPE THIS. A 5KW array will meet 90% of my needs and pay for itself in less than 10 years with current federal incentives or about 13 years without incentives. Even without incentives, that represents a 5.5% return on my money (assuming electricity prices remain FLAT for 13 years--good luck with that).

      Anyone who lives in a sun-belt state and can afford to buy a house can afford to install solar panels and have the panel cost rolled into their mortgage. The increase in mortgage payment will be more than offset by the decrease in their electric bills.

      TODAY the economics are right and the technology are right for a large fraction of Americans to reduce their consumption of electricity from the grid by a very large fraction. No it doesn't completely eliminate 100% of fossil fuel usage, but it makes significant, incremental progress one house at a time without requiring large infrastructure changes or trillions of public tax dollars.

    42. Re:We Wish by BasilBrush · · Score: 1

      Gravity is also not God, and it also does not require worship. But the fact that you are bound by it

      Economics does not bind us in the same way gravity does. Economists don't even agree on the causes or cures of the current global crisis, so don't even try to compare it with a concrete physical force.

      Money is a human fabrication. An agreement to collaborate in a certain way. Sometimes. It doesn't and shouldn't control every thing we do. If we allowed ourselves to be run by economics, we wouldn't have children, and we wouldn't spend money on entertainment for example. So why would you imagine that we should allow the oil companies to do the wrong thing purely because it suits their bottom line?

    43. Re:We Wish by I'm+New+Around+Here · · Score: 1

      And will your battery store energy for a few million years? NO. Therefor you are using a very poor battery, temporarily rechargeable though it is.

      Hell, your battery doesn't even feed plants after use, it becomes hazardous waste.

      --
      If you think I voted for Trump because of this post, you're wrong. I voted for Dr. Jill Stein of the Green Party. Again.
    44. Re:We Wish by Thruen · · Score: 4, Insightful

      The problem with using cost as a major argument against renewable energy sources is that the price of gas has skyrocketed in the last decade. The price this year is close to three times what it was when I started driving (about 12 years ago, bigger difference for older folks I'm sure) and I don't see anything to suggest the price won't continue to go up. This is in contrast to renewable energy which, while still far more expensive than fossil fuels, are decreasing in price. So while the easy thing to say is renewable energy is too expensive, the facts actually suggest that in another decade or two it'll be the other way around even if we don't increase our efforts in studying renewable energy. I don't believe we can magically switch tomorrow, I do believe we need to start taking a switch seriously now though and begin what will be a long, slow transition period. It's going to cost more in the short term, but it'll be cheaper long term.

    45. Re:We Wish by TWiTfan · · Score: 1

      class Hippie extends Hipster

      --
      The cow says "Moo." The dog says "Woof." The Timothy says "Thanks, valued customer. We appreciate your input."
    46. Re:We Wish by rally2xs · · Score: 1

      Anyone? I have an electric bill of around $82 most of the time, going to $150 for about 3 months in the summer. If those panels cost more than $82 / mo extra in the mortgage, then it doesn't fly, because they also wear out after a while and have to be replaced, resetting the savings clock, so actually the price is even more for solar electric.

      Plus, there is maintenance for the stuff you own, especially the power inverters. Do you think they are going to last 20 years or more? No, they're going to get toasted from time to time by everything from excessive temperature someday when you aren't looking and your air conditioning fails, to some dark and stormy night when a nearby bolt of lightning sends a seriously large spike of voltage down some wires and into the vicinity of these power inverters, turning them into a molten puddle of slag.

      I certainly wouldn't go to as much trouble as is required for installing a bank of solar cells on that scale to save the entire $82 / month. There would be just too much available to go wrong with the system, it'd be a constant worry, and when there's a problem with my $82 / mo. electrical power source now, I just call Dominion Virginia Power and it gets all better without me doing a single thing more. I can go to the flicks, come back, its probably working by that time. I don't have to go down to the basement, remove protective covers, spend whatever time it takes to troubleshoot the device, and then repair or replace it.

      Just too big a hassle - and, BTW, I'd have to chop down 4 really, really large oak trees south of me to even have a remotely viable chance of making this work, which would make me a devil-demon of the neighborhood that seems to be composed of a bunch of druids.

    47. Re:We Wish by AttillaTheNun · · Score: 4, Insightful

      Not to mention a massive waste of opportunity to use what cheap reserves are left more appropriately, i.e., as a stepping stone to more sustainable energy sources.

    48. Re:We Wish by JTsyo · · Score: 1

      Isn't power generation from waves also considered hydroelectric?

    49. Re:We Wish by arpad1 · · Score: 1, Informative

      Hubbert came up with the peak oil hypothesis. It's not a theory until he demonstrates the hypothesis predicts something. He didn't.

      I know, I know. Hubbert predicted peak oil in the U.S. putting the date of peak oil as 1972 and lo! U.S. oil output peaked in 1972.

      Of course Hubbert didn't predict any such thing. He got lucky.

      How do I know for sure? Because he never issued another correct prediction again. A stopped clock is right twice a day but doesn't have much value for keeping time. Hubbert was right just once.

      The 100% doesn't move, other than at the pace of geological time frames.

      Feel free to reveal the means by which you've nailed down the quantity of oil that amounts to 100%.

      --
      Minutus cantorum, minutus balorum, minutus carborata descendum pantorum.
    50. Re:We Wish by sribe · · Score: 3, Insightful

      Hubbert was a geologist working for an oil company. The fact that new discoveries come along, but at an ever slowing pace, was hardly something he wasn't aware of, and isn't a flaw in the theory.

      The 50% is "50% of oil in the ground", not "50% of oil that we've discovered". The 100% doesn't move, other than at the pace of geological time frames.

      That doesn't even make sense. At any point in time, what we think is 50% is, uhm, you know, base on what we think is 100%. That number keeps going up and up. But how much we used in the first century of use, somehow, manages to stay the same, and thus is a smaller and smaller portion of what we think the total in ground is.

      Also, new discoveries have not been at "an ever-slowing pace".

    51. Re:We Wish by FooAtWFU · · Score: 4, Insightful

      How about this, instead? We invest in alternative energy technologies R&D now?

      If you're going to use the word "invest", let's talk investment and ask the tough questions, see if we can come up with some good answers. What is the return on this investment? Is it financial, or non-financial? Are the returns earned by the owner of the investment or by third parties? Who is qualified to estimate the size of these returns in an unbiased manner? (If non-financial returns are being earned by the third parties, it may be better understood as an exercise in philanthropy than in investment.) What is the opportunity cost of this investment: are there other investments which could make a non-philanthropic investor more money, or, if we're operating in the realm of philanthropy, are there other worthier philanthropic endeavors with larger and more immediate returns that we ought to be investing in, instead of this? (There are a lot of candidate investments in the class of "get clean water to $african_village".)

      By "let's invest" do you primarily mean "let's have the government levy taxes and attempt to make this happen"? What sort of incentives are in place to make sure that the "investment" actually is done wisely, rather than becoming an exercise in corporate leeches clamoring for government funds but producing nothing of value? Or even just bankruptcy a la Solyndra? (There's room enough for criticism about where the money gets to when the government "always seem[s] to be able to find money to fund wars", and wars are relatively easy to measure results on.) What is the real price of this investment to taxpayers, in terms of taxes or debt and debt-service (and the effects of debt like the government calls "crowding out"?) And if "we always seem to be able to find the money to fund wars", what about the ~50% increase in US government spending combined with ~0% increase in government revenues since 2007, and the commensurate increase in the annual deficit to ~50% of revenues? That's easily more spending than the Iraq and Afghanistan wars combined; should we roll some of the new programs back in order to pay for this proposed investment? How do you sell the policy changes to people as politically active entities, especially if they will suffer material setbacks (taxes or higher energy costs)? Even if they're willing to suffer setbacks in theory, do the people trust these investments to actually deliver meaningful value of some sort?

      Not that all these questions are unanswerable. But let's not kid ourselves into thinking it's easy.

      --
      The World Wide Web is dying. Soon, we shall have only the Internet.
    52. Re:We Wish by Penguinisto · · Score: 1

      How about this, instead? We invest in alternative energy technologies R&D now? Then when (or if, if you prefer) the cost of oil-based energy becomes prohibitive, we'll be prepared, instead of waiting until the last moment and running around like the denizens of Tokyo when Godzilla comes to town?

      Isn't that what's happening now?

      Here's an example from my neck of the woods.

      --
      Quo usque tandem abutere, Nimbus, patientia nostra?
    53. Re:We Wish by TWiTfan · · Score: 1

      You know, like what rational people do when presented with evidence that one of their favorite things is hurting people.

      Just like they'll do with solar and wind if they ever become widely adopted. Just watch.

      --
      The cow says "Moo." The dog says "Woof." The Timothy says "Thanks, valued customer. We appreciate your input."
    54. Re:We Wish by Lonewolf666 · · Score: 3, Informative

      Renewable energy is widely used indeed, but so far often thanks to subsidies. In Germany, for instance, electricity from renewables gets a guaranteed price for 20 years from installation of a plant (paid for by an apportionment of the costs to the buyers of electricity).

      The interesting point is "grid parity", when making your own electricity becomes cheaper than buying it. For private households we have reached this point in Germany, but with an important qualifier:
      If you had to make your own electricity all of the time, it would become more expensive because you would need some energy storage for times of weak production.

      On the production side, the cost of running a coal plant is still below 10 Euro-Cent / kWh, so most renewables cannot compete yet without subsidies. Wikipedia has some estimates: http://en.wikipedia.org/wiki/Cost_of_electricity_by_source and http://de.wikipedia.org/wiki/Stromgestehungskosten (German Wiki). If those are accurate,
        - Natural Gas currently wins in the US by a wide margin. Which may, of course, rapidly change if the more skeptical estimates about fracking are correct.
        - Hydro power looks nice (clean, and cheaper than coal-fired) but most attractive places to build a hydro plant are already in use.
        - Wind looks interesting in terms of cost, but has the disadvantage of being non-dispatchable.
        - Solar cannot compete yet, but may get there with further improvements in making solar panels cheaply.

      --
      C - the footgun of programming languages
    55. Re:We Wish by Penguinisto · · Score: 1

      Do you really think it's wise to burn it off in the next generation, leaving nothing left for the thousands of generations to come?

      Given human nature, You'd be hard-pressed to come up with a better argument for space colonization. At least that way our descendants would have access to more resources that way.

      --
      Quo usque tandem abutere, Nimbus, patientia nostra?
    56. Re:We Wish by LynnwoodRooster · · Score: 1

      Except those conclusions assume we knew how much oil there was. What if the first 50% was really the first 5%?

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    57. Re:We Wish by grep_rocks · · Score: 1

      Well if we don't run out of oil I predict people will be stupid enough to keep burning it until our atmosphere approches that of Venus - but I doubt the mantle of the earth is a gooey delicicous layer of oil - even with the new estimate of oil reserves it amounts to only one year of extra oil consumption

    58. Re:We Wish by MrMickS · · Score: 2

      Note that the first 50% of easy and cheap to get at oil was mostly consumed in a century.

      No. The 50% of total oil we've extracted was the easy and cheap oil. The remaining 50% is hard to get oil.

      ~sigh~ as you're so sure of yourself could you please provide a proof or the references to back up your statement.

      Just a hint: You can claim to have used a percentage of something if you don't know what the total amount is. As long as we continue to find new sources of oil that percentage used by a particular time will go down. Its simple mathematics.

      --
      You may think me a tired, old, cynic. I'd have to disagree about the tired bit.
    59. Re:We Wish by oh_my_080980980 · · Score: 1

      "evidence now points to there being plenty of oil"

      LMOL now who's wishful thinking...time to grow up.

    60. Re:We Wish by LynnwoodRooster · · Score: 1

      So who determined how much oil was there to begin with, so that we know we've hit the 50% mark? Without KNOWING how much oil there was to begin with, you cannot say we've used 50%. It's simply impossible - mathematically and logically.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    61. Re:We Wish by dj245 · · Score: 1

      Could we have a small generator in a creak powering a few local home?

      You sure could. The problem is you need a 0 or near-0 head (water height) turbine to do it. The only option is really an undershot water wheel or possibly a Pelton wheel. You will never get a permit to build a dam nowadays, or if you could, the permitting cost would be prohibitive. So you have to have a damless design. The problem with this is that water falling from a high level to a lower level has MUCH more energy than water flowing horizontally at typical naturally-occurring streams and rivers. In fact, in most non-pedantic physics problems, the water horizontal speed is usually ignored completely since it is so small!

      These 0 or very low head (damless) machines can be "efficient" in that they can convert a lot of the energy that is available. However, compared to a system that uses water height (dams), there just isn't much energy that is available.

      --
      Even those who arrange and design shrubberies are under considerable economic stress at this period in history.
    62. Re:We Wish by hairyfeet · · Score: 1

      Bingo, which is why I have been saying for years we need a "people's car/truck" that runs on diesel (so we can switch to biodiesel down the road) and which gets 40 MPG and sells for less than $25k, after which we THEN offer tax breaks and hell if we gotta just even swap for all the old clunkers that the poor are using which just belch and smoke and blow through gas.

      If you have looked at the figures the USA gets a pitiful 14 MPG and it ALL comes down to the poor driving gas hogs, hell even I'm guilty of this as i have two teen boys and an elderly mother whose meds seem to go up if you look at 'em crossways so no way I'm getting rid of my 99 Ranger that runs like new even though...heck its a Ford, Ford and gas mileage just has never gone together so I'm getting MAYBE 19 MPG on a good day.

      But if you get rid of the hogs NOW we could cut our usage nearly in half which then buys us more time to work on alternatives like bio-diesel. A win/win in my book.

      --
      ACs don't waste your time replying, your posts are never seen by me.
    63. Re:We Wish by oh_my_080980980 · · Score: 1

      Cheaper when you don't consider Federal Subsidies and cost of clean from oil spills and air pollution from it's use. The TCO of oil is lot higher than people realize.

    64. Re:We Wish by hedwards · · Score: 1

      You do realize that we won't run out of oil, but not because there's so much of it, but because of the fuel efficiency standards and alternatives that the environmentalists are always pushing for right? And furthermore that if we hit the point where we've used 80% of the oil there is, that we're going to have to change to something else as the last remaining bits are going to be expensive to drill with no guarantee that we're going to have a replacement if we don't switch early.

      Bottom line is that we've been using oil at such a fast rate over the last century that we will run out of it eventually. You can't consume something millions of times faster than it's being created and expect to have it last forever. Just doesn't work that way.

    65. Re:We Wish by RKThoadan · · Score: 1

      If you make any effort to include the externalities of petroleum production in your cost then renewables already win. From what I've seen including just the current annual healthcare costs incurred due to petroleum production tips the scales in favor of renewables.

      Ignoring theses costs isn't going to make them go away either, despite many peoples valiant effort to do so.

    66. Re:We Wish by hedwards · · Score: 1

      That is true, however the assumption needs to be that since we're burning oil millions of times faster than it was produced in the first place that we'll run out of it in any useful sense at some point. As a result we'll do something to ensure that we have contingency plans in place for when that happens before we're forced to do so suddenly.

    67. Re:We Wish by cfulmer · · Score: 1

      I believe that electricity-producing solar panels still consume more energy to produce than they produce during their lifetimes. Yet, they're still quite useful and "worth it," partly because you can put one out on the middle of nowhere. Not all joules are created equal.

      Petrofuels have an advantage over other energy sources in that they are easy to transport and that the mechanisms to convert them into energy are relatively small. It could easily make sense to use 1.5 joules of nuclear energy to obtain and refine 1 joule of aviation fuel.

    68. Re:We Wish by Afty0r · · Score: 1

      And if we have to switch to renewables anyway, why not do it as soon as possible.

      For exactly the same reason that people borrow money. "Why pay 10,000 today when I can pay 11,000 next year". Works for millions of people and businesses.

      And it's likely to be *cheaper* to convert to renewables in the future, not more expensive. Of course, you have to factor in the cost (mostly environmental) of the delay in switching... but it's not an equation with an obvious outcome...

    69. Re:We Wish by hedwards · · Score: 1

      As somebody who lives in a part of the world where the fisheries are a significant part of the economy, I say fuck you. We have so much hydroelectric power around here that most of it gets sold to folks living in other parts of the country. But, the fisheries themselves are in much worse condition. Thankfully, because we've been removing dams the fisheries are improving and that sector of our economy is becoming healthier.

      Nothing is without it's costs and the bottom line is that idiots like you are just making things worse. Why should we in WA have to ruin our fisheries because people in CA are so wasteful?

    70. Re:We Wish by lorenlal · · Score: 2

      If you're going to tie it into your mortgage, you're in luck. Because you can get a 10K Watt system installed into the house, which will probably put energy back into the grid (paying you during peak hours). You'll end up coming out way ahead even with maintenance. Numbers vary based on location and who does the installation, but you'll be in fantastic shape before year 15 in just about every case without incentives.

      The best part? Those expensive $150/month bills will be the happiest months because you'll be feeding even more energy into the grid.

      And please, don't scoff at energy incentives. We pump enough subsidies into fossil fuels and nobody seems to complain too much. We might as well put these energies into equal competition.

    71. Re:We Wish by hedwards · · Score: 1

      It's largely because we have too much hydroelectric capacity where it's present and the tradeoffs aren't so good. The places where we really need it tend to be places where we can't install it. Such as the midwest where there's plenty of demand, but little or no opportunity to install it.

    72. Re:We Wish by chill · · Score: 2

      Bingo, which is why I have been saying for years we need a "people's car/truck" that runs on diesel (so we can switch to biodiesel down the road) and which gets 40 MPG and sells for less than $25k, after which we THEN offer tax breaks and hell if we gotta just even swap for all the old clunkers that the poor are using which just belch and smoke and blow through gas.

      Say that with a German accent and I'd swear you were reading from a Volkswagen piece from the 1930s describing the Type 1 -- or Bug.

      --
      Learning HOW to think is more important than learning WHAT to think.
    73. Re:We Wish by mlts · · Score: 1

      Solar Blvd is having specials for panels at 70 cents per watt. With a decent controller (for RVs, I use MPPT controllers, but houses are a different beast) and battery bank, it can at least take the edge off consumption. At the minimum, it allows an additional circuit to be installed in a house/building to power low-wattage appliances. To boot, with a PSW inverter, the power will be very clean.

      Solar is becoming a "why are you not implementing it" as opposed to "why implement?" with the price of panels falling, combined with more wattage per square foot.

      For most people, it wouldn't enable them to be completely off-grid, but it will take the edge off of consumption during peak times, and that is the important thing.

    74. Re:We Wish by loufoque · · Score: 1

      We'll never have to switch to renewable energy, because there is no way we can ever run on renewable energy. All we can do is incorporate renewables to cover a small percentage of our energy needs and make hippies feel good.
      If the Earth runs out of the resources we need, we'll just have to mine them elsewhere.

    75. Re:We Wish by Anonymous Coward · · Score: 1

      WOW. You sure have a lot of assumptions for someone who has such a strong opinion. Yeah it's me, the guy installing panels now.

      First of all let's talk about the cost of the panels and what the mortgage would be. My system will cost $20,000. At current mortgage rates, it would cost $82 a month to finance. My electric bill now is $130. Your bill is lower, so you would need a proportionally cheaper system than I need. So there's a net savings already, and that doesn't include growth in utility bills or increased home resale value (the residual value of the system).

      Second, let's talk longevity. Solar cells have a typical operating life of 40 years. Most come with a 25 year warranty. And YES they are going to last 25 years or more. There is ample evidence of that from the installed base of millions of users. As to the inverters, the new state of the art are called "micro inverters" where you have one inverter per panel that is bolted to the underside of the panel. First plus--no single point of failure. Second plus, they are constantly sending monitoring data over the internet to a monitoring service.With microinverters I know immediately if a panel or inverter fails and can easily see if one starts to perform below par. Third, they also have a 25 year warranty. Also please send me documented evidence of people's piles of molten slag from failed inverters. I'd LOVE to see it. Fourth plus, overall system performance is increased--the same cells typically generate 10% more KWH.

      Next: Maintenance. The ONLY maintenance required on this fully solid state system is hosing down the panels once in a while (2-3x a year) if they get dirty. The monitoring system lets me know when power output is down. Over the MINIMUM projected 25 year lifespan of the system I will gain a net $70,000 dollars. If something breaks I will pay someone to fix it. My system consists of the following parts: Panels (mounted on rigid racks). Micro-inverters (mounted under the panel). A wire feeding into the grid-tie panel. The grid-tie panel that connects to my electrical main panel. What part of that is too complicated? Where are these protective covers you speak of? WORST CASE is a micro-inverter fails and I call the solar contractor to come out and replace it. My cost would be their labor.

      Next: Scale. This "massively scaled system" you speak of takes of 500 sq ft of roof space. 24 panels at 250 W each + a solar hot water heater with a 40 sq ft collector.

      Next: What if something goes wrong. First off, I am grid tied. So anytime my system needs to be taken offline, I'm pulling power from the grid. So I have the grid as a BACKUP. While you have no backup at all. Personally as a survivor of several hurricanes and going days without power or hot water, I'd much rather have my system to give me higher power availability. Don't forget in your calculations to factor in the cost of throwing out several hundred dollars of spoiled food when you deep freezer thaws....been there done that, but won't have to do that again after this month.

      Finally, trees. Awesome. You have some trees in YOUR yard, so no one else in America should have solar. Good one.

      I think the hassle is in your mind. You have decided, for whatever reason, that it's not worth it. Fortunately I am not required to abide by your self delusion. I have researched this for years. I have watched the price decline by a factor of 3. I have watched as micro-inverter technology came to the market.

      You can choose to keep paying $1000 a year to your utility. I'll be laughing all the way to the bank.

    76. Re:We Wish by michael_cain · · Score: 1

      The problem is that most sites for the first two categories are either already taken or politically difficult...

      The map on page 25 of this NREL document does a good job of showing potential conventional hydropower by state, separated by already developed, excluded (your political difficulties, mostly), and undeveloped. There are significant amounts of undeveloped hydro, mostly in the West.

      Electricity is, and is likely to remain, a regional thing. The US doesn't have a single power grid; it has three -- Eastern, Western, and Texas -- that are almost completely independent of one another. The Western area is particularly rich in a variety of renewable sources, many located relatively close to the population/demand centers. The Texas area has a more limited set of resources available. The Eastern, particularly compared to its total population and demand, is poor in renewables. In addition, the Eastern's best renewable resources are quite far from the big population centers.

    77. Re:We Wish by RKThoadan · · Score: 1

      There are a lot of different qualities one can look for in an energy storage device. Petroleum products have one of the highest energy densities that is very easy to extract (until we get Mr. Fusion from Back to the Future). In many cases losing the mass of the storage device when we can no longer get energy out of it is a good thing (any vehicle). Of course, converting that mass to pollution of some type is a bad thing.

      Rechargability is also "good" in many cases, but not all. Different scenarios result in different priorities for what "good" is. Petroleum products do win some of those. I'd just like to see the environmental costs factored in better.

    78. Re:We Wish by BasilBrush · · Score: 2, Insightful

      Without counting the electrons in an AA battery, how can you know how many are left without destroying the battery? "It's simply impossible - mathematically and logically."

      And yet we can tell by examining the profile of the power it's giving out over time.

      Peak oil is a theory, not a law. Theories can and do base themselves on things that are not yet known for sure. If as time goes on, we make more observations that were predicted by the theory, we become more confident that the theory was right.

      Peak Oil Theory has been right since 1956. It's now predicted peak oil in more than 50 countries. So we can be pretty confident in it.

      Peak Oil Theory is based on the idea that the extraction curve of oil approximates a normal bell curve. It's a secondary observation that in a normal bell curve, the peak is at 50%. But it is only an approximation, which is why I said "when around half the oil has been extracted"

    79. Re: We Wish by UnknowingFool · · Score: 2

      No the key term people outside industry ignore is "economically feasible". The sources of oil that are being exploited now like the Canadian oil sands, Gulf of Mexico deep ocean, and the shale deposits have been known for decades. Yes, there is a new discovery of a field now and then, but for the most part, the problem has been economics. It wasn't economically and technically feasible to drill miles into the ocean floor or through layers of shale before. In the case of oil sands, it simply wasn't economically feasible at $1/gal of gasoline to separate oil suspended in sand. The fact of the matter is that all the easy deposits are gone. What is left are the harder fields.

      This applies to natural gas as well. I have a friend who works at Exxon-Mobil and was telling me about a gas field they were about to drill. The chemical analysis came back that it was 30% hydrogen sulfide which is a very high impurity. An older engineer remarked that 30 years ago, they would have capped it and moved onto the next well without blinking. These days they have to figure out how to make it work.

      --
      Well, there's spam egg sausage and spam, that's not got much spam in it.
    80. Re:We Wish by BasilBrush · · Score: 5, Informative

      Hubbert came up with the peak oil hypothesis.

      You are incorrect.
      http://en.wikipedia.org/wiki/Hubbert_peak_theory

      It's not a theory until he demonstrates the hypothesis predicts something. He didn't. I know, I know. Hubbert predicted peak oil in the U.S. putting the date of peak oil as 1972 and lo! U.S. oil output peaked in 1972. Of course Hubbert didn't predict any such thing. He got lucky.

      He also got lucky more than 50 more times as subsequent countries also passed peak oil.

      Feel free to reveal the means by which you've nailed down the quantity of oil that amounts to 100%.

      I already did. Question asked and answered elsewhere on the thread.

    81. Re: We Wish by UnknowingFool · · Score: 1

      I haven't read the book but what does it say about the ease of extraction and separation? The easy to extract deposits are gone or claimed. Also oil has varying levels of impurities unique to each field. The higher the impurities, the higher cost to separate.

      --
      Well, there's spam egg sausage and spam, that's not got much spam in it.
    82. Re:We Wish by ShanghaiBill · · Score: 1

      The US Department of Energy estimates that a new photovoltaic power plant entering service in 2017 will runs about $157/MWh in total levelized system costs (in 2010 dollar terms). It figures natural gas at $65..

      This is misleading because PV-Solar is the most expensive renewable. Wind is about $96/MWh, which is only 33% more than NG, and cheaper than coal. Citation: Cost of Electricity - DOE estimates

      Dirty coal plants in China are cheaper though

      No they aren't. Electricity from coal in China is more expensive than electricity from NG in America. But it is cheaper than NG in China, because China has made political decisions that keep the price of NG high. Europe has done the same, which is why their CO2 emissions are rising while America's are falling.

    83. Re:We Wish by BasilBrush · · Score: 1

      The US Department of Energy estimates that a new photovoltaic power plant entering service in 2017 will runs about $157/MWh in total levelized system costs (in 2010 dollar terms). It figures natural gas at $65

      So if they're right, that's about twice as expensive, not 4 times as expensive.

    84. Re:We Wish by BasilBrush · · Score: 1

      Except those conclusions assume we knew how much oil there was. What if the first 50% was really the first 5%?

      At least 3 other people have already made that point. I've already answered it twice.

    85. Re:We Wish by gr8_phk · · Score: 1

      If we were burning corncobs there wouldn't be a problem because that carbon is part of the active carbon cycle, but instead we're releasing buried carbon back into the air that hasn't been active carbon since the earth's dinosaur-greenhouse days.

      What you're pointing out but ignoring is that the carbon WAS in the biosphere and has been declining. Why not put it back? If it gets too low we'll all die - we were near the lower limit to allow plants to grow. Evidence shows that plants grow better with more CO2 in the air. Desertification has also been show to be quite reversible and has in many cases apparently been cause by human activity other than burning carbon-based fuels (farming practices). I wouldn't be surprised if there is an upper limit to how much CO2 is OK, but I don't think we're anywhere near it. I welcome a warmer climate.

    86. Re:We Wish by loneDreamer · · Score: 1

      Although I agree with you, there is much more going on here than just finding out a good balance. I see it more as a tragedy of the commons, the influence of special interests and our common inability to think and act on long term goals. If It were just about deciding which combinations work, we would at least be killing coal, which everyone seems to agree to be the worst option, and replacing it with anything else. Alas, we are not even doing much of that.

    87. Re:We Wish by BasilBrush · · Score: 1

      You can claim to have used a percentage of something if you don't know what the total amount is.

      Asked several times already, already answered more than once.

      As long as we continue to find new sources of oil that percentage used by a particular time will go down.

      No. The theory was not made based on the idea that there would be no future oil discoveries. So why would predicted oil discoveries change the theory?

    88. Re:We Wish by ArsonSmith · · Score: 1

      "How about this, instead? We invest in alternative energy technologies R&D now? "

      Done, what next there captain obvious? What happens if/when we don't find any breakthrough with alternatives and need to find a way to clean up existing? Seems we're not allowed to even discuss anything that uses oil. OIL BAD!! UHHH!

      --
      Paying taxes to buy civilization is like paying a hooker to buy love.
    89. Re:We Wish by BasilBrush · · Score: 1

      Space cadet.

    90. Re:We Wish by Cold+hard+reality · · Score: 1

      If you think we'll make plastic gadgets out of hydrocarbons from Titan, you're wrong. No matter how much we improve space technology, it will always be insanely expensive compared to sucking oil out of a well, manufacturing a bit of plastic out of it, and loading it onto a ship for transport.

    91. Re:We Wish by Captain+Hook · · Score: 1

      The basic logical of the theory holds true, the date at which we hit Peak Oil moves a bit further out.

      The only way the theory could be substantially wrong would be if fossil fuel is produced far faster than we current believe.

      --
      These comments are my personal opinions and do not necessarily reflect the opinions of the other voices in my head.
    92. Re:We Wish by Kielistic · · Score: 1

      We made the battery and as such have a pretty good idea of how much it starts with. Additionally we've used tonnes of batteries so we can use that to reason how much the next one has. Your battery example is not valid in the context of the original post.

    93. Re:We Wish by BasilBrush · · Score: 1

      ~sigh~ as you're so sure of yourself could you please provide a proof or the references to back up your statement.

      How many Hubbert Peak Oil theories do you think there are? What other reference do you need? If this stuff is unfamiliar to you, Amazon has plenty of books on the topic. Twilight in the Desert is comprehensive on the evidence, but quite a heavy tome. There's probably something lighter there if you look.

    94. Re:We Wish by chispito · · Score: 1

      Every side has their own utopian/dystopian visions of alternative futures. Fortunately, if the history of prognostication is any indicator, they'll all be wrong. The future will prove to be something that no one expected.

      Now, if you'll excuse me, I'm off to pick up some Soylent Green from my local moonbase restaurant in my hovercar.

      Don't forget to take your jetpack, in case your hovercar gets stuck in traffic.

      --
      The Daddy casts sleep on the Baby. The Baby resists!
    95. Re:We Wish by tlhIngan · · Score: 1

      And if we have to switch to renewables anyway, why not do it as soon as possible.

      This question is easier to ask when you're making well-above-average computer-programmer-level salaries and quadrupling the price of electricity and fuel (or something) and the various manufactured things which depend on that price isn't going to really ding your lifestyle. But given the number of people in this world who make a trivial fraction of that, it gets more complicated.

      The thing is, as oil gets harder to exact, the price WILL go up. Sorta like how oil prices now are still higher than just 15 years ago, or people are paying 3+ times as much for gas today than they were in the mid 90s?

      The thing is, if the "rich" people switch to renewables, their lifestyles are impacted modestly, but demand for oil falls which help regulates the price as well.

      The poor folks will be impacted if we do nothing and consume oil as we always have as well - because they won't be able to afford it. And they'd be even less equipped to switch to renewables.

      Basically - there's nothing wrong with wanting to plan for the future and do research alternatives while we can with the hope that the alternatives will be ready by the time we need them. Rather than needing to do the research when oil gets expensive and everyone suffers in the meantime.

      Hell, we're seeing the effects of "running out of oil" right now. It's call IPv4 address exhaustion. Both IP addresses and oil are finite resources. We already have one alternative used to preserve address space (NAT), and an alternative ready (IPv6). But given how freaking hard it is to switch (mostly because of the way the alternatives work, sort of how switching from oil to anything else will be hard), it takes a long time.

    96. Re:We Wish by Captain+Hook · · Score: 1

      silt and rocks in the river fall out, so over time, the efficiency of the dam goes down, since it's not storing as much water and so you don't have as much pressure head to produce power.

      The pressure of the water is determined by the height of the water level, not the volume of water behind the dam.

      Volume would affect peformance by reducing how long the turbines can be used when the supplying rivers are providing less water than the turbines are using. The bigger the volume the better the buffer and since we are talking about annual rainfall cycles the buffer does need to be huge and silting would be a problem.

      --
      These comments are my personal opinions and do not necessarily reflect the opinions of the other voices in my head.
    97. Re:We Wish by tehcyder · · Score: 1

      And if we have to switch to renewables anyway, why not do it as soon as possible.

      This question is easier to ask when you're making well-above-average computer-programmer-level salaries and quadrupling the price of electricity and fuel (or something) and the various manufactured things which depend on that price isn't going to really ding your lifestyle. But given the number of people in this world who make a trivial fraction of that, it gets more complicated.

      So what you are saying is "think of the poor hungry third world children"? An interesting reversal of the expected line ("we'll use as much oil as we like and fuck the planet") I'll give you that.

      --
      To have a right to do a thing is not at all the same as to be right in doing it
    98. Re:We Wish by Dr.+Spork · · Score: 1

      I think that commenters here are misunderstanding the article linked in the parent post. The thesis, as I read it, is that the "new" hydrocarbons are not like the old ones, in that producing them will be incredibly expensive. And though the article doesn't say this, I think we can all understand the upshot: As extracting hydrocarbons gets more expensive and renewables get cheaper, the curves are bound to cross long before all the hydrocarbons have been dug up out of the ground. So in that sense we really never will run out of oil and gas, because there will come a time when nobody has the incentive to extract more.

    99. Re:We Wish by microbox · · Score: 4, Insightful

      What is the return on this investment?

      Jobs, future markets, less pollution, energy security, advancement of science

      Is it financial, or non-financial?

      Yes and yes.

      Are the returns earned by the owner of the investment or by third parties?

      Yes and yes.

      Who is qualified to estimate the size of these returns in an unbiased manner?

      Banks, actuaries, scientists

      What is the opportunity cost of this investment

      The influence of existing interests (Koch/Exxon, etc.) will wane.
      Electricity usage will come down (see the Regional Greenhouse Gas Initiative, which covers 20% of the US economy, which grew relative to the rest of the US economy) giving factories a competitive advantage.
      New economies will grow -- a small portion of Exxon's profits gets injected directly into the local economy creating jobs that improve energy efficiency in industry and housing.

      It's really a non-brainer, and there is empirical proof that these are the effects, because other parts of the world (and the US) have already started trying these thing.


      I found this amusing:

      "let's have the government levy taxes and attempt to make this happen"

      Conservatives harp on about incentive structures, so, to adopt a neo-liberal (market fundamentalist) approach to solving GHG emissions, let's tax what we don't want (carbon), and let the market sort out the rest. Heck, we can reduce taxes on what we do want (labour/entrepreneurship).

      You want to talk opportunity cost? Do you want more carbon in the atmosphere and higher taxes on labour, or less carbon in the atmosphere and lower taxes on labour?

      I could go on about Solyndra, but I think that's enough for now. Just look further into the program that funded Solyndra and ask yourself home much money was wasted/earned in *totality*, and how that compares to typical venture capitalism.

      --

      Like all pain, suffering is a signal that something isn't right
    100. Re:We Wish by blue_teeth · · Score: 1

      Read this as well. PDF warning: Perfect Storm

    101. Re:We Wish by mlts · · Score: 4, Informative

      There are other gains as well. There is loss of voltage through long distance power lines, so 5KW of electricity coming from solar/batteries is a lot less than what is needed to be pushed from a substation to a house, through a number of step-up and step-down transformers in order to overcome the resistance in the wires. This is something that isn't thought of -- someone might think $5 in solar may not recoup $5 in energy, but realistically, it saves far more electricity.

      Solar is constantly improving. Supercap batteries can be used as a front-end (fast charging, lower energy density) for the regular ones, to allow charging to continue even after there is no usable sunlight, as well as take advantage of peaks (cloud edge effects) that a normal charger wouldn't be able to use.

      This doesn't say that even distinct solar panels have to be used. There are roofing shingles that might make less wattage, but make up for it by no need to install brackets and such.

      Solar does have its detractors. When RV-ing, solar is a must have for anyone who decides to do camping that isn't at a full hookup resort. However, outside of the RV world, there are always people who complain that the energy it takes to make a complete solar panel (frame, cells, wires, etc.) are far more than the panel will ever generate in its usable lifetime. It is hard to change that attitude.

      I agree with the above, perhaps even tossing a bone to the gas/coal industries with a subsidy, so they can produce less, but not dent their bottom line. In the long run, it would be a win/win for everyone involved.

      I wish there were some way to convert natural gas into propane. Propane has a lot of nice qualities as a fuel, from being able to be stored as a liquid (which means it approaches gasoline for energy density), to not being a greenhouse gas, to being extremely useful as a refrigerant (R-290.) A vehicle with a propane tank would have almost as much range as a normal gasoline vehicle. To boot, if propane spills on the ground, it goes downhill and disperses, and doesn't make a mini-Superfund site like gasoline does.

    102. Re:We Wish by Anonymous Coward · · Score: 1

      If you're going to use the word "invest", let's talk investment and ask the tough questions, see if we can come up with some good answers. What is the return on this investment? Is it financial, or non-financial?

      It's both. It's the continuation of civilization as we know it. This is not hyperbole.

    103. Re:We Wish by microbox · · Score: 1

      After following this issue closely for 10 years now, I'm guessing that renewables will seamlessly take over from fossil fuels, after much teeth gnashing from invested interests and those who think environmentalists are out to impose world government. Economics will rule the day. From a certain point of view, we'll get lucky in this regard, but not before doing major long-term damage to our infrastructure world-wide. Every port, almost every major city, almost all agriculture activity, will be affected over then next 100 years. Conservatives will still blame environmentalists.

      --

      Like all pain, suffering is a signal that something isn't right
    104. Re:We Wish by microbox · · Score: 1

      Yeah, there is plenty of oil, and we'll seriously harm pretty much the whole world if we burn it. The economics of renewables will stop us from burning it -- which is lucky, because otherwise, I think we really would burn it, whilst praying to Jesus for salvation.

      --

      Like all pain, suffering is a signal that something isn't right
    105. Re:We Wish by Adrian+Lopez · · Score: 1

      You're saying we should stick to non-renewable sources of energy for the sake of the poor? Did UNICEF just merge with the CATO Institute?

      --
      "In prison you just have to shut your eyes and take it. Here you have to shut your eyes and give it."
    106. Re:We Wish by microbox · · Score: 2

      Denial is not a river in Egypt.

      --

      Like all pain, suffering is a signal that something isn't right
    107. Re:We Wish by aceboomblain · · Score: 2

      The problem is that we have highly polarized points of view (like the AC post I'm responding to), and neither side feels they can budge without losing face.

      Environmentalists demand that all energy is from renewable sources like wind or solar, without taking into consideration the cost or the environmental damage necessary to manufacture and operate the collection and distribution apparatus.

      Industrialists demand high profits from any energy production.

      Very few talk about reducing consumption.

    108. Re:We Wish by microbox · · Score: 1

      I wish we could differentiated environmentalist from the scientists and the raving hippy nuts.

      This is actually really easy to do if you actually bother to dig beneath the surface.

      They are a lot of options. The trick is to get the right balance.

      The market will take care of that. It is the ultimate information processing machine for those types of choices. The market does suffer when vested interests peddle their influence in Washington, but ultimately, it will win out.

      Now, the market will not price externalities (carbon pollution) on its own. Thankfully we don't need to price carbon in order to make renewables economically competitive. We're almost at the cross-over point. You think in 2020 that Google is going to run its data centres on expensive coal electricity? Of course not, and there ain't a thing that Koch an their allies can do about it.

      The optimal thing to do at this point would be to drive innovation with incentive structures. This is already happening in most of the rest of the world, and if they produce the technology, they'll sell it to poor backward USA when we're still locked into expensive dirty technologies. Or, we could just use the amazing technological depth of this country to solve the problems here.

      So really, the best way to solve this problem involves just the slightest influence from government. Say a 0.5% tax on carbon that is credited towards the energy efficiency industry. Retro-fitting homes and factories to use less electricity. Funding university and industry R&D into new materials. The *empirical* experience of the rest of the world shows that this would quickly *reduce* the electricity bills of both factories and residents, in just a few years. And then, if you take day 1 as a baseline, it is all win from there.

      --

      Like all pain, suffering is a signal that something isn't right
    109. Re:We Wish by Runaway1956 · · Score: 1

      "Do you want more carbon in the atmosphere and higher taxes on labour, or less carbon in the atmosphere and lower taxes on labour?"

      Are you addressing this question to the ruling class, or to the working class, or to the proles?

      --
      "Windows is like the faint smell of piss in a subway: it's there, and there's nothing you can do about it." - Charlie Br
    110. Re:We Wish by Chris+Mattern · · Score: 1

      His argument seems to be mostly, "We will run out, we will, we will, we will, and you're all stupid dum-dum heads for thinking we won't!"

    111. Re:We Wish by Kreigaffe · · Score: 1

      This "as soon as possible" thing has been going on now for.. well, god, I can remember "yay solar!" back in school, 20 years ago. Damn I'm gettin old :(

      Anywho, back then the same argument was made -- "not now! wait a bit!"

      Can you imagine if we had actually large-scale invested in solar 20 years ago? Those panels would've cost an arm and a leg, for marginal output, and would need replacing right about.. nowish.

      Sometimes waiting a bit works out best.

      --
      ... still waiting for this free-as-in-beer free beer I keep hearing about. :|
    112. Re:We Wish by aaronb1138 · · Score: 1

      Even the 1 joule to extract 1 joule argument is fallacious under many circumstances. There are plenty of situations where being able to compactly carry and refill a very large quantities of joules of energy is more favorable to human effort, time, and energy than the original extraction and refining costs.

      Efficiency alone is a poor argument if one ignores utility and the opportunity cost of human time.

    113. Re:We Wish by hairyfeet · · Score: 1

      The bug, if built with a diesel? Would probably work, but you'd really need to have a small truck to go along with it. There is a reason why Ford is having to wait for Orken to be done with it before they put the last ranger in the museum, its because those little Fords and Chevys make damned good work trucks.

      But what is sad is what I'm proposing? It isn't some pie in the sky program requiring tech that isn't off the drawing boards, its all doable NOW with current tech. Can we build a diesel that gets good gas mileage? Yep, can we build something at that price point? I don't see why not, Kia sells cars for a similar price.

      The problem is because the leeches at the top that just HAVE to make out like Gods on anything getting done can't figure out how to get their kickbacks so it just doesn't get done, instead we get pointless bullshit proposed like carbon credits which will reward companies for moving to China (since there is ZERO penalty for having things made in a non carbon treaty nation like China) while letting those at the top like Goldman Sachs leech to their black heart's content.

      If you want to get right down to it this is why you can't do anything in the states anymore, between the beltway and wall street you got too many hands out wanting their cut for anything to get done that would actually work, just too many thieves and not enough pockets to rob so instead we'll do nothing.

      --
      ACs don't waste your time replying, your posts are never seen by me.
    114. Re:We Wish by AlphaWolf_HK · · Score: 2

      What increased consumption? Consumption (in the US at least) has remained relatively constant for decades, mainly due to massive fuel efficiency increases as well as reduced transportation needs.

      http://www.theoildrum.com/node/9811

      Also, I'm a libertarian, and so far I've made a lot more from bitcoins than they have cost me. I've paid about an extra $5 per month in electricity costs for mining over the last 4 months since I started, and I've already acquired about $200 worth of goods bought from bitcoins. It sort of helps when you already have a bunch of GPU's laying around from gaming, but I've since bought two used one with high MH/s for how cheap they are.

      I think liberals just hate bitcoins because it further diminishes the relevance of the Keynesian economics model which they base their philosophy on. And the Keynesian model was pretty much debunked during the 80's anyways due to stagflation, which the Keynesian model says is impossible.

      And no, I'm not contributing to carbon output. My area is powered by both nuclear and hydroelectric, but mostly nuclear, which environmentalists are by and large against even though it is both safer, cheaper, and contributes less to pollution than just about every other form of electricity generation, and unlike other renewable sources, its use is practical no matter where your geographical location.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    115. Re:We Wish by phantomfive · · Score: 1

      Just look further into the program that funded Solyndra and ask yourself home much money was wasted/earned in *totality*, and how that compares to typical venture capitalism.

      The difference, of course, is that I paid for Solyndra. I didn't pay for the venture capitalists.

      At least, theoretically I paid for it. There's an argument to be made that we borrowed the money and might as well spend it all before the dollar collapses.

      --
      "First they came for the slanderers and i said nothing."
    116. Re:We Wish by Comrade+Ogilvy · · Score: 1

      Peak Oil is not exactly wrong, but it is quite misleading. The Cheap Oil is a finite resource. If we forget about ever seeing $20 or $40 barrels of oil again, there is a lot of hydrocarbons out there. As the price point goes up, the practical options become ever greater. At $200 per barrel, we could well go centuries -- that would be painful in a number of ways but it is doable (out great great grandkids may not get a choice).

      What is harder to gauge is the environmental costs. That is often an externality that the oil industry, automotive industry, and average consumer is more than happy to try and push onto everyone else.

    117. Re:We Wish by Hognoxious · · Score: 1

      The only other main point to consider about the current crop of batteries is that they are primarily Lithium based and most of the Lithium comes from only a handful of countries so we're still at the mercy of a limited supply of a critical component

      I wasn't aware that the lithium in batteries gets consumed.

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
    118. Re:We Wish by Anonymous Coward · · Score: 1

      You also paid for all the successful programs too. But you didn't hear about them, because they don't fit the narrative of OUTRAGE!!!! the permeates the "unbiased" media.

    119. Re:We Wish by bradrum · · Score: 2

      How about this, instead? We invest in alternative energy technologies R&D now?

        it may be better understood as an exercise in philanthropy than in investment.)

      Everything has a cost associated with it. Chopping down a stand of trees will cost you because you will have to expend resources to get more trees. We may not understand or we may ignore the cost associated with using the environment to do business, but that doesn't mean it doesn't cost us.

      Investing in renewable resources/sustainable energy is not an exercise in philanthropy for the aforementioned reason.

      By "let's invest" do you primarily mean "let's have the government levy taxes and attempt to make this happen"? What sort of incentives are in place to make sure that the "investment" actually is done wisely, rather than becoming an exercise in corporate leeches clamoring for government funds but producing nothing of value?

      These are standard questions for any government contract. If you presuppose renewable resources/sustainable energy is philanthropic venture then of course it look like a waste. Also if you assume that government contracting will be wasteful it probably will be.

      and wars are relatively easy to measure results on.

      What in bullets and body bags? Wars are incredibly hard to measure because of detrimental effects on mental and physical health and environmental damage.

    120. Re:We Wish by Half-pint+HAL · · Score: 1

      Environmentalists are not saying we're running out of oil. "Peak Oil" does not mean the end of oil. Indeed it's believed to happen when around half the oil has been extracted, and half is still in the ground. The reason production goes down is because the remaining oil gets more and more difficult to extract.

      Precisely. The error in the previous definition of peak oil is that it assumed that oil is oil is oil, and therefore the peak was at halfway. By that definition we have not reached the peak. However, if we define the peak as "all the easy stuff's gone", then maybe we are at the peak, or rather the "summit plateau", because all these new sources that people claim show we're not at the peak yet are really rather messy, difficult and expensive to extract. So to cut costs we don't clean up our mess properly. Oil shale is an environmentalist's nightmare not because of the carbon dioxide produced, but because of the massive destruction of natural habitat and poisoning of water courses. We really shouldn't let ourselves rely on it if we're going to just burn it....

      --
      Got them moderator blues I blieve I walk out the do', With these mod-points I been gettin', I 'most never post no mo'
    121. Re:We Wish by X0563511 · · Score: 1

      Oil will never go away. We won't ever be able to get all of it, and when it becomes cheaper to synthesize it instead, we will do that.

      More Expensive might as well mean Not Available.

      --
      For large sets, this will be our guide even unto death, for the LORD will work for each type of data it is applied to...
    122. Re:We Wish by Half-pint+HAL · · Score: 1

      This question is easier to ask when you're making well-above-average computer-programmer-level salaries and quadrupling the price of electricity and fuel (or something) and the various manufactured things which depend on that price isn't going to really ding your lifestyle. But given the number of people in this world who make a trivial fraction of that, it gets more complicated.

      There's always the Malaysian solution: in Malaysia, electricity prices are low for the first X units per month, then very high above that limit. The limits are set to allow comfort to all regardless of income, and to ensure that the rich folks with their power-hungry air-con units subsidise the rest.

      --
      Got them moderator blues I blieve I walk out the do', With these mod-points I been gettin', I 'most never post no mo'
    123. Re:We Wish by BasilBrush · · Score: 1

      What increased consumption? Consumption (in the US at least)

      You're so near to answering your own question, why didn't you continue that line of thought?

      http://www.upi.com/Business_News/Energy-Resources/2013/04/11/OPEC-China-leads-in-oil-demand-growth/UPI-60091365683719/

      Also, I'm a libertarian, and so far I've made a lot more from bitcoins than they have cost me. I've paid about an extra $5 per month in electricity costs for mining over the last 4 months since I started, and I've already acquired about $200 worth of goods bought from bitcoins.

      As ever in these speculative bubbles, be it tulip bulbs, dotcoms or beanie babies, the question is did you get in early enough, and will you exit before the crash.

      I think liberals just hate bitcoins

      No more than I hate tulips, websites or cloth bags of beads. Bitcoins just give me a deja-vu feeling, and a bit of amusement as to who's falling for the latest fad, and why.

    124. Re:We Wish by BasilBrush · · Score: 1

      Can you imagine if we had actually large-scale invested in solar 20 years ago? Those panels would've cost an arm and a leg, for marginal output, and would need replacing right about.. nowish.

      Not only can I imagine, I can remember on a personal basis. Not PV but solar water heating. Free hot water for 6 months of the year from 2 homemade solar panels. What good would waiting have done me? I'm financially better off that you have been from not doing it.

      No one was calling for mass PV 20 years ago. Back then it was mostly wind turbines and hydro, along with solar heating. But in the last 10 years PV has certainly become worthwhile.

    125. Re:We Wish by GospelHead821 · · Score: 1

      You're already at 5:Insightful, so there's no need to mod you up. Instead, I'd just like to thank you. You raised some points that I hadn't considered before, which I appreciate. Furthermore, I rarely see such thorough, thoughtful writing on Slashdot.

      --
      Virtue finds and chooses the mean.
      Aristotle, Ethica Nichomachea
    126. Re:We Wish by LynnwoodRooster · · Score: 1

      Without counting the electrons in an AA battery, how can you know how many are left without destroying the battery? "It's simply impossible - mathematically and logically."

      False. I know the chemistry, I know the quantities of the various chemicals within, I can make a pretty highly-accurate prediction (one that can be tested, no less) of the number of joules of energy in my battery - and hence, the number of electrons.

      So, how can we test the prediction of "peak oil"? How do we know the original capacity of oil? Short of that, it's a guess - not a theory, not even a hypothesis. It's a sound bite, nothing else.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    127. Re:We Wish by Maxo-Texas · · Score: 1

      That seems like a tremendously high price for natural gas by that date.
      Perhaps its the unit of measure.

      http://www.bloomberg.com/energy/

      Today: NYMEX Natural Gas USD/MMBtu 4.38

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    128. Re:We Wish by BasilBrush · · Score: 1

      Efficiency alone is a poor argument

      Good thing no one was using efficiency as their only argument then.

    129. Re:We Wish by LynnwoodRooster · · Score: 1

      At least 3 other people have already made that point. I've already answered it twice.

      No, you haven't answered it. You've specifically AVOIDED answering it. Can you point to a link where you did answer it? Nope. How do we know we've used 50% of the available oil? We can't - because that would imply we knew how much oil there was to start with - and given we're constantly finding MORE oil (and upping the proven reserves), your claim is, in fact proven to be wrong.

      IF you were correct, we wouldn't find any more reserves. The proven reserves would not increase. But they are. You cannot be right AND we keep finding more reserves. Your position is in direct opposition of the facts. And that explains why you've specifically danced around the question and NOT answered it. For in answering it, you either accept your own fallacious position, or you ignore facts.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    130. Re:We Wish by LynnwoodRooster · · Score: 1

      Fully agree. However, in this case he's claiming we know we used 50% of our oil. If the date keeps moving out, and our proven reserves keep increasing, it kind of blows the whole "we've used 50% of our oil" claim out of the water.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    131. Re:We Wish by Maxo-Texas · · Score: 1

      Gasoline is actually about the same price adjusted for inflation. A little higher but only about 50%

      1950's 20 cents per gallon would be about 2.00 a gallon today (vs the 3.29 at the pump last night).

      And gasoline was much more expensive in 1980 than it was 12 years ago (it hit 1.60's in the 1980's).

      The tricky bit with alternative energy is that when it succeeds, it reduces demand on older energy sources and that reduces prices of older energy sources.

      Solar has been dropping as long as I've been following it. It's not there yet. For the private consumer, I think it needs to drop by 75%. At that point, it's unstoppable. A $300 panel saving you $36 of electric per year would pay off in about 8 years. And it would be a good investment (over 10% per year return on your money). Electrical utility prices have gone up slower than inflation.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    132. Re:We Wish by Half-pint+HAL · · Score: 1

      Hubbert was a geologist working for an oil company. The fact that new discoveries come along, but at an ever slowing pace, was hardly something he wasn't aware of, and isn't a flaw in the theory.

      The 50% is "50% of oil in the ground", not "50% of oil that we've discovered". The 100% doesn't move, other than at the pace of geological time frames.

      Hubbert's mistake was thinking of oil reserves as all being more or less alike. When we look at the alternative hydrocarbon sources, we see that he was wrong to do so. What we can say about most of the newly-discovered reserves is that vast though they may be, they are much more expensive to extract than the traditional oilfields.

      It can be argued that we haven't reached "peak oil" because we haven't used 50% of the world's oil, or it can be argued that we have reached the peak, because pretty much every discovery is in the "harder to extract" category.

      --
      Got them moderator blues I blieve I walk out the do', With these mod-points I been gettin', I 'most never post no mo'
    133. Re:We Wish by Half-pint+HAL · · Score: 1

      The 50% of total oil we've extracted was the easy and cheap oil. The remaining 50% is hard to get oil.

      Nope. It looks like we've extracted all the cheap and easy oil, but that the remaining hard-to-get oil is more than 50% anyway....

      --
      Got them moderator blues I blieve I walk out the do', With these mod-points I been gettin', I 'most never post no mo'
    134. Re:We Wish by Maury+Markowitz · · Score: 1

      "This question is easier to ask when you're making well-above-average computer-programmer-level salaries and quadrupling the price of electricity and fuel (or something)"

      You know, for someone that's declaiming people who work with math, you seem afraid to, you know, run the numbers.

      I just quoted out a PV system for a customer who's tired of his ever-rising electricity bill. His current price, all in, is 13.2 cents for a kWh. That the price today, if you factor in historical price increases, you add 3% per year. I should point out that that is *below* the price of inflation - energy, like most commodities, is getting cheaper and cheaper. Anyway, when you add that in the cost over 20 years averages out to 17.6 cents/kWh.

      I sized out his system so his net yearly consumption would be just a little over zero. That came to $1.15 a watt. If we add $1/W for installation, which is about the going rate, then you're looking at total installed costs under $2.50 a watt.

      If you plug that number into NREL's LCOE calculation (Google "LCOE calculator") that comes to about 16 cents/kWh. So in other words, it's cheaper for him to buy solar panels than buy power from the grid.

      Don't believe me? Run the numbers yourself. Here's a step-by-step guide:

      http://matter2energy.wordpress.com/2013/04/17/grid-parity-in-ontario/

      Systems costs in Ontario are higher due to "local content" rules and some specifics of the metering we're forced to use, and the systems are limited to only 10 kW (instead of 50 as in the example above) so the scaling factors don't work out as well. But even then, systems are going in right now for $3.20, end-to-end.

    135. Re:We Wish by Anonymous Coward · · Score: 1

      He does bring up a good point. There's a difference between the way the government invests currently and the way they used to invest. Solyndra would never have happened 50 years ago. Instead, the government would have invested in its own laboratories which have consistently proven to be very good at solving these kinds of problems.

      The shift to the right in this country has resulted in this bizarre notion that private industry can actually tackle these problems when history has consistently proven otherwise. Private industry has been very good at taking innovative work done by the government and commercializing it and driving down costs to increase profits. But the governments track record in doing the initial work is much, much better and that's where we should be investing.

    136. Re:We Wish by drinkypoo · · Score: 1

      Hydroelectric (They don't talk about this much, I am not sure why), Good source of energy, clean (assuming you don't kill too many fish).

      Unsafe assumption. Hydroelectric projects always have major ecological impact by their very nature, and fish ladders don't work, even the new ones. They just don't work less.

      Do we put solar panels on our homes, and have a smaller natural gas or nuclear plant to cover the rest?

      Don't forget wind. If we've got something to cover base load then it clearly has a place.

      Can we make more efficient cars such as hybrids, or plugin electric with gas backup? Can you do this with more powerful cars/trucks people want?

      People buy what is advertised to them, and automakers want to sell more powerful cars because they cost little more to make (at least, when you build them on the American theory of throw-more-engine-at-it) but the features act as a significant cost differentiator.

      Could we have a small generator in a creak powering a few local home?

      Realistically, one generator, one home. But this is one of the best options for people who live where it applies, because the water goes right back into the creek and it can be used again by the next home downstream, and there is little to no ecological impact.

      The trick is to get the right balance.

      Meanwhile we're still arguing about whether we have enough sun for solar while Germany of all places is kicking ass with it.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    137. Re:We Wish by aztracker1 · · Score: 1

      Speak for yourself... I've been capped as far as income for well over a decade now. It doesn't go nearly as far today as in 2000... In 2000 I had a fair amount of extra money to play with... now I just pay my bills with not nearly the same left... my bills are pretty much the same.. except food, gas, utilities etc. are more. Fuel going up more still, will definitely impact.

      On the flip side, I think that fossil fuels should be preserved not for the environment, but because getting vehicles off the ground and into space takes a combustible fuel source (for the foreseeable future). Anything we do on earth can be adapted to other fuel sources... getting off the planet is another story.

      --
      Michael J. Ryan - tracker1.info
    138. Re:We Wish by aztracker1 · · Score: 1

      Well, we have the power grid for security and infrastructure reasons... we could also have a water grid (water pipelines from areas with more rain/flooding to areas that are more arid (AZ,NM,TX,UT) with more sun. The southwest is a much better place to use solar.. and ergo a good place to separate water for hydrogen fuel. Not the most efficient energy conversion, but actual storage ability is a big benefit. This hydrogen can then be transported where needed throughout the country.

      Critical investments into such a project would require research into desalinization techniques, as well as safe processes for hydrogen storage and transportation. Additionally actually running water pipelines across the country could be the largest construction project since the interstate highways.

      If I were a billionaire, this is where my investments would be targeting... Expecting the project to take 20-30 years to complete, but offering a huge amount of return, with enough cooperation.

      --
      Michael J. Ryan - tracker1.info
    139. Re:We Wish by CAIMLAS · · Score: 2, Informative

      There are no viable alternative energy investments, currently. Solar is as close as it comes, and that's really not a viable alternative for oil.

      Oh, did you mean research? Research money is entirely different than investment money; investment money expects at least a close to parity return. Research money is a sunk cost; it's completely unknown.

      Let's not be disingenious.

      Truth be told you've got a lot to do in physical research before anything for energy storage becomes viable as an oil replacement. Your best bet is something which fits into existing infrastructure: either a liquid or gas that can substitute petrolium (eg. LP for instance), or something using electricity (eg. batteries).

      There's nothing even approaching viable here, unfortunately, especially with California electricity costs.

      --
      ~/ssh slashdot.org ssh: connect to host slashdot.org port 22: too many beers
    140. Re:We Wish by lgw · · Score: 4, Insightful

      Gas is cheaper in inflation-adjusted dollars than when I started paying attention to it. Commodity prices are cyclical. Fearing that they will go to infinity because you've only experienced on upswing is just like fearing the oceans will all boil during the first Summer of your life.

      If solar ever does become cheaper than natural gas (and eventually it will), everyone will switch then. Trying to force other people to consume some product that you think is cool is about being a control freak, plain and simple.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    141. Re:We Wish by TemporalBeing · · Score: 1

      The reason production goes down is because the remaining oil gets more and more difficult to extract. Costly both financially and in terms of energy. And if it cost > 1 joule of energy to extract oil that gives 1 joule, it's not worth it.

      And yet here we are using Ethanol that has those exact same properties...

      --
      Truth is like the sun. You can shut it out for a time, but it ain't goin' away. - Elvis Presley (source: imdb.com)
    142. Re:We Wish by zzsmirkzz · · Score: 1

      Without counting the electrons in an AA battery, how can you know how many are left without destroying the battery? "It's simply impossible - mathematically and logically." And yet we can tell by examining the profile of the power it's giving out over time.

      First, I assume you are talking about a non-brand new AA battery. Second, you say we can do that by examining the power profile over time. However, that seems an awful lot like counting to me, even when combined with averaging and extrapolation you still counted first.

    143. Re:We Wish by lgw · · Score: 1

      Some sort of diesel-burning folks-wagon? Wherever would we find such things?

      The main reason new cars are expensive is safety and environmental measures. Without those 2 costs, you can get a Tata Nano today, for about a tenth of your $25k!

      --
      Socialism: a lie told by totalitarians and believed by fools.
    144. Re:We Wish by SoftwareArtist · · Score: 2

      The difference, of course, is that I paid for Solyndra. I didn't pay for the venture capitalists.

      That's a nonsequitor. The earlier poster's point was that you benefited from all the value generated by that program. You need to look at the program as a whole, and ask how successful it was.

      The principle followed by venture capitalists (which the earlier poster was using as an analogy) is that some of the projects you fund should fail. If none of them do, that means you aren't taking enough risks. And if you aren't willing to take risks, you're unlikely to have the huge successes that make the whole business worth while. A common rule of thumb is that for every ten companies they fund, five should fail, four should be modest successes, and one should be a blockbuster.

      --
      "I'm too busy to research this and form an educated opinion, but I do have time to tell everyone my uninformed opinion."
    145. Re:We Wish by lgw · · Score: 1

      Oil companies have their place in the markets, their sunk costs invested in equipment, technology, business processes, and distribution networks. Their interest is not in getting off oil as soon as it is possible, or practical. It is to stave off that transition as long as possible

      WTF is an "Oil Company"? Companies like BP and Shell and Exxon started "getting off oil" decades ago. They're all "energy companies" now, and oil is just 1 product. It's a bit ironic, since oil is where the money is right now, and the big moves they made to natural gas mean they aren't doing so well right now, since natural gas is nearly free.

      As an investor with a serious chunk of change in energy companies, I dearly wish they were this fountain of greed and profits people who know nothing about the industry imagine them to be! The energy company stocks have underperformed the S&P500 by about 30% over the past 5 years.

      The energy companies are staking their future on the economies of India and China taking off, as the consumption by people governed by "Western Governments" is unlikely to grow by much.

      We will transition when each of us as consumers finds it cheaper to transition. Neither the oil companies nor the environmentalists can or should do much to delay or hasten that day.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    146. Re:We Wish by hypergreatthing · · Score: 1

      Nuclear energy is practically totally clean, can be made safer by using next gen reactors and upgrading old ones, can be made even more efficient by using fast reactor technology which burns off the radioactive byproducts. Why are we not doing this?
      Burning fossil fuels is dirty, but co2 is useful and can be captured from the atmosphere by plants. We already have infrastructure for it, and last i checked, Methane clathrate which is proven to be extractable is more than twice the calculated amount of oil on earth. Sounds like another 50+ years of energy stored in our backyard.

    147. Re:We Wish by Hank+the+Lion · · Score: 1

      If it would consume more energy to produce a solar panel than it will produce in its lifetime, then either:
      - I would not be able to ever recoup my investment (but I can with current energy prices reach this in 15 years), or
      - Solar panel producers pay far less for their energy than I do, or
      - they would make a loss and go bankrupt.
      The price of a solar panel will (except for subsidies) never be lower than the price of the energy needed to produce it.
      As long as I can install one and make a profit, I don't believe that producing it will have cost more energy than it will ever produce.

    148. Re:We Wish by Bob+the+Super+Hamste · · Score: 1

      I have heard these various arguments a lot over the years and a while back (late 90s) I asked someone who would have a good idea abut the amount of oil. This was my wife's uncle who had worked for years and was recently retired (under a year at that time) as a geologist for oil companies, so he actually knew the current numbers and wasn't some wild speculation that a lot of people have. My question was simple but the answer was complex, I asked how much oil was there? The answer came as:
      Total oil the earth held (before we started extracting it): about 6 trillion barrels
      Total technically recoverable oil: about 3 trillion barrels
      Total economically recoverable oil : about 2 trillion barrels
      Total extracted: about 1 trillion barrels

      Now I don't know how those numbers are affected by non traditional oil but things like shale and tar sand based oil was known at the time and they were mining it up in Alberta at the time. Also I don't know if or how those numbers would be affected by even more exotic forms of oil like bio mass to liquid or coal to liquid processes but it at least provides some useful values to start working from. Also not included is if the recoverable numbers were based off of current technology or estimates of future technology, especially since horizontal drilling and fracturing are things that have become viable very recently.

      --
      Time to offend someone
    149. Re:We Wish by Maury+Markowitz · · Score: 1

      > Why do you deserve it more than your grandchildren

      This is the real issue, IMHO.

      We're demanding faster, faster, FASTER, cheaper, cheaper, CHEAPER. So now *we* have all the cheap fuel and metals, and they won't 50 years from now.

      The good news is that our kids are smarter than we are (Fitt's Law), so I'm not really that worried.

    150. Re:We Wish by jbengt · · Score: 1

      . . . we aren't anywhere near peak oil, and there is likely vast amounts of oil not yet discovered.

      Peak oil is when we extract oil faster than the proven reserves grow. The rise in prices allowed advances in fracking technology to be economical, which have gained us 10 years or so. Similar advances in the future are sure to gain us more. Nothing will prevent peak oil from being hit in the relatively near future, and in the meantime it will only get more expensive to extract oil.

    151. Re:We Wish by Half-pint+HAL · · Score: 1

      The prices came down once we started making them and perfecting them through use....

      --
      Got them moderator blues I blieve I walk out the do', With these mod-points I been gettin', I 'most never post no mo'
    152. Re:We Wish by Algae_94 · · Score: 1

      I see you've confused popular literature with proof and valid references.

    153. Re:We Wish by Solandri · · Score: 1

      The problem with using cost as a major argument against renewable energy sources is that the price of gas has skyrocketed in the last decade. The price this year is close to three times what it was when I started driving (about 12 years ago, bigger difference for older folks I'm sure)

      It hasn't "skyrocketed". You need to take into account inflation. My family moved to the U.S. in early 1973 (prior to the Arab oil embargo). Gas then was $0.35 per gallon.

      Put $0.35 and 1973 into this handy-dandy inflation calculator and you get $1.83. So after you subtract out inflation, the price of gas has increased by about 2x in 40 years. That's hardly "skyrocketing."

      This is in contrast to renewable energy which, while still far more expensive than fossil fuels, are decreasing in price.

      While I generally agree, you have to be careful to take into account current interest rates. Renewables are notorious for front-loading their costs. Solar isn't the most expensive form of electricity generation because it costs a lot to maintain and operate PV panels. It's the most expensive because PV panels cost a lot to manufacture and buy, and you have to amortize that up-front cost over the lifetime of the panels.

      Right now, interest rates have been at a historical low for over 5 years. This means that amortizing up-front costs is really cheap. If you pay $100 up-front and amortize it over 10 years at 4%, you're paying a total of $148. OTOH if we take interest rates from the early 1980s when it peaked at just over 20%, the same $100 over 10 years would cost you $619. So the current fiscal environment has been very friendly to renewables (and nuclear for that matter). But once we get out of the current economic downturn and interest rates start to creep up again, I expect renewables to become more expensive.

      (Then you have to subtract out the effect of inflation from the compounded interest. But in general interest rates are slightly higher than inflation, so the above still holds true. It's just not quite as extreme as the raw numbers might suggest.)

      I don't believe we can magically switch tomorrow, I do believe we need to start taking a switch seriously now though and begin what will be a long, slow transition period. It's going to cost more in the short term, but it'll be cheaper long term.

      I don't have a problem with funding research and development into improving renewables technology. As you say, it's a prudent investment in the future, and will let us switch energy sourcees quickly when the time arrives.

      I do have a problem with offering cash incentives for consumers to adopt technologies which are currently not cost-effective. That's a net drain on our economy, and hampers our ability to divert additional money to research overall. It'd be like if the government of Japan had offered its citizens big incentives to buy analog HDTVs in the 1980s. That could have cost their economy tens of billions of dollars for technology which became obsolete when digital HDTV became feasible in the 1990s. Since Japan wisely limited their investment to funding for HDTV research, all they lost in that transition was the few billion they'd invested in analog HDTV R&D.

      (I'll add a caveat that there is justification for cash incentives with technologies which actually are cost-effective long-term, but whose high up-front costs discourage adoption. In general, people are notoriously bad at saving money for a down payment. So if a technology with a high up-front cost reduces lifetime costs overall, then a purchase incentive program is warranted. Buyback programs to dispose of old, inefficient refrigerators and get people to replace them with new efficient ones are a good example.)

    154. Re:We Wish by Bob+the+Super+Hamste · · Score: 1

      Sounds like you need to talk to an oil geologist. They actually study and test things like this. They know how wells produce and know how much oil is in each well. They know where oil is. The earth has lots of oil, more than we will ever be able to extract the problem is that we will asymptotically reach the amount we are able to extract. Peak oil is one of the things the pops out of this analysis because it becomes more difficult to get that next bit of oil than the bit before it.

      --
      Time to offend someone
    155. Re:We Wish by Maury+Markowitz · · Score: 4, Informative

      "The US Department of Energy estimates that a new photovoltaic power plant entering service in 2017 will runs about $157/MWh in total levelized system costs (in 2010 dollar terms)."

      Ahh, the famous DOE report. The numbers in question were from the 2008 time frame. Prices since then have fallen 4-fold.

      I bought my SolarWorld 230W panels in 2010 for $2.30 a watt. Today I can buy 270W versions for $1 a watt. I can get Chinese A-brands, like Trina, for about $0.75.

      The price of power from PV is directly related to system cost and pretty much nothing else. Total installed costs have fallen from about $8 a watt to about $3 a watt. Factor that in, and the fact that the numbers in the DoE report are from even earlier, and you're looking at a 4 to 5-fold decrease in system prices.

      When you factor that in, power from PV is about 12 to 25 cents, which is *extremely* competitive with other peaking sources like NG.

    156. Re:We Wish by Maury+Markowitz · · Score: 1

      > Gasoline is actually about the same price adjusted for inflation. A little higher but only about 50%

      Wut?

      50% is "about the same price" and "a little higher"?

      I think the common man would call that "a lot higher" and "not the same price at all"

    157. Re:We Wish by Maury+Markowitz · · Score: 1

      > which is why I have been saying for years we need a "people's car/truck" that runs on diesel

      So the thing is, when you refine a barrel of oil you're still going to get the same amount of gas and diesel out of it.

      So if we all switch to diesel in order to improve things, the price of diesel skyrockets while the price of gas plummets.

      So we wouldn't buy the diesel.

    158. Re:We Wish by Joey+Vegetables · · Score: 1

      The hidden assumption here is that no substantial amount of oil is being placed *into* the ground. This is certainly the dominant opinion, but definitely not the only one, and while we know a great deal about the geology of the first few miles of the earth's crust, there is a great and increasing amount that we don't know as we go deeper and deeper therein. There may be processes as yet unexplained that account for some, perhaps even much, of the oil in the ground. I don't think it would be wise to count on that; I think it is safest to assume that oil is a finite and non-renewable resource. But there is a small but nonzero chance that it is not, and, if it should turn out that it isn't, we may need to explore other reasons and benefits (of which there are many) for encouraging the development of other sustainable energy production and storage technologies.

    159. Re:We Wish by Joey+Vegetables · · Score: 1

      Which is why I suspect that for the medium term, we will end up using other methods to harness and/or generate the energy (solar, wind, geothermal) and use them to produce hydrocarbons - perhaps in some sort of a carbon neutral fashion - as a means of storing and transporting that energy.

    160. Re:We Wish by Bob+the+Super+Hamste · · Score: 1

      Well we already have the ability to turn various things into oil and oil like substances, some of which already are much closer to refined oil based fuels. The some of the more notable processes are:
      Fischer–Tropsch process
      Thermal Depolymerization
      Pyrolysis
      CO2 to liquid
      In almost all of these cases all that is being done is something absorbs CO2 and then that thing is turned into an liquid. Which means that oil is basically a battery much like the vaunted hydrogen fuel cells but in an easier to handle an use form. Some of these methods have even been done industrially and some I believe are close to being cost effective at the moment.

      --
      Time to offend someone
    161. Re:We Wish by Maury+Markowitz · · Score: 1

      > If those panels cost more than $82 / mo extra in the mortgage, then it doesn't fly

      I just ran a calculator on my 20-yr mortgage. For $55 a month I can get $10000 in cash. At current prices, that would buy me about 5 to 6 kW of panels with microinverters, or as much as 8 kW if I go with strings.

      I currently have 2.6 kW and that supplies about 1/3rd of my total yearly power use. So that $10000 would definitely be enough to turn it to zero.

      So, I guess (A) you'll be rushing out to do this now, right? Or, more likely, (B) just come up with another excuse not to? Let's see

      > there is maintenance for the stuff you own
      > going to get toasted
      > bolt of lightning
      > just too much available to go wrong with the system
      > Just too big a hassle
      > I'd have to chop down 4 really, really large oak trees

      Yeah, plan B it is

    162. Re:We Wish by BasilBrush · · Score: 1

      False. I know the chemistry, I know the quantities of the various chemicals within, I can make a pretty highly-accurate prediction (one that can be tested, no less) of the number of joules of energy in my battery - and hence, the number of electrons.

      No you can't. I give you two batteries, same label. One's straight out of the packet. One's been in my kids remote control car for a week. How is your chemistry going to tell the difference. It can't.

      What if they're both new. Both labelled "Alkaline Battery" but from different manufacturers. They'll last a different length of time. How's your chemistry going to tell me which how long each will last? It can't.

      You don't know what's in the can. The point is, you don't need to go into the can. You can predict the end of the useful energy from charting the output over time.

      So, how can we test the prediction of "peak oil"? How do we know the original capacity of oil? Short of that, it's a guess - not a theory, not even a hypothesis. It's a sound bite, nothing else.

      Take bag of jelly beans. Blind folded, you have to pick out a jelly bean. If it's red you get to eat it. If not, it's back in the bag. Repeat over and over.

      How many red jelly beans in the bag? You can't tell at first. But plot your rate of finding jelly beans on a chart, and you can see pretty closely when your rate of finding red jelly beans will dry up.

      What if you take a peek, and notice that there's a few more red beans on the left of the bag than the right? Well then you can temporarily improve your rate of finding them. But it makes no difference to the long term. The number of jelly beans doesn't change, no matter what. That 100% of jelly beans is always the same 100%, and that early prediction is still a good one.

      What if you start panicing and notice that some of the sugar and jelly crumbs at the bottom of the bag are red... Makes no difference. It was already known about before, and just shows how desperate you've become.

    163. Re:We Wish by BasilBrush · · Score: 1

      Can you point to a link where you did answer it?

      http://slashdot.org/comments.pl?sid=3704679&cid=43600651

    164. Re:We Wish by Kjella · · Score: 1

      Or something? You're making an argument when you don't even know? Check out green energy tariffs. They are a bit more expensive than ordinary ones. But not 4 times, that would be ridiculous.

      Because the sources are usually heavily subsidized. In addition renewables are in the same phase were you put a small drill to the ground and oil came pouring out, they're not very representative of the average cost. For example here in Norway we have a great many dams providing cheap hydro power, would we like more? Sure. But almost all the good spots are built out, the rest are poor or have other big negative consequences so in practice it's all but stopped. Great, cheap resource but it won't scale. Solar panels work in sunny California, they don't work so well in Alaska. Many places are dry, dark with quiet winds where neither solar, hydro, wind nor wave will work but a galleon of oil will burn as well there as anywhere else. I doubt you could deliver a green tariff there for 10x or even 100x the cost.

      --
      Live today, because you never know what tomorrow brings
    165. Re:We Wish by LordLimecat · · Score: 1

      I have no desire to get involved in a discussion on peak oil, but I would point out that this

      And if it cost > 1 joule of energy to extract oil that gives 1 joule, it's not worth it.

      Is false.

      Spending 1 joule of hard-to-store nuclear energy to extract 1 joule worth of high-density, easily stored oil could be a very good value proposition indeed. We already do this when we store energy with a loss in various ways (fuel cells, batteries, etc).

    166. Re:We Wish by BasilBrush · · Score: 1

      Hubbert's mistake was thinking of oil reserves as all being more or less alike.

      Says who? He did nothing of the sort.

      When we look at the alternative hydrocarbon sources, we see that he was wrong to do so. What we can say about most of the newly-discovered reserves is that vast though they may be, they are much more expensive to extract than the traditional oilfields.

      Thats EXACTLY what Hubbert said! The easy stuff is extracted first, and then the hard to get stuff. New discoveries of hard to get stuff are absolutely part of the theory from the very start.

    167. Re:We Wish by BasilBrush · · Score: 1

      However, that seems an awful lot like counting to me, even when combined with averaging and extrapolation you still counted first.

      Which is no different than counting the number of barrels of oil that come out of the ground each month. No one is disputing you can count that.

    168. Re:We Wish by BasilBrush · · Score: 1

      I see that you haven't read the book.

    169. Re:We Wish by Uberbah · · Score: 1

      Nuclear energy is practically totally clean

      Aside from the occasional meltdown caused by greed or hubris, and storing the waste for thousands and thousands of years. Why would anyone want to invest in a power source that will still be forcing you to maintain it's waste 15,000 years from now?

    170. Re:We Wish by BasilBrush · · Score: 1

      Ha ha ha! File that away with the earth being 6000 years old, and God planting dinosaur bones to test our faith.

    171. Re:We Wish by BasilBrush · · Score: 1

      We already do this when we store energy with a loss in various ways (fuel cells, batteries, etc).

      Not the same. This isn't "storing" energy. That oil from the ground is a one time deal. It's not storing 1 unit to get 0.7 units later. It's expending 2.1 units to get 1 unit now.

    172. Re:We Wish by HiThere · · Score: 1

      That's only reasonable if you include all costs, including externalities. And if you include those, there are going to be LOTS of arguments about how to figure which externality.
      E.g., a company that dumps a pollutant in the river which will degrade to harmlessness in 10 days will have a different estimate of the externality cost than the city downstream that is using the river as a water supply. And these two entities may be in different countries, which won't necessarily figure costs the same way.

      Then there's atmospheric pollution. China is suffering drastic pollution problems, but they aren't limited to China, and in fact are polluting the air in the US, all the way across the Pacific. But the US is also dumping out air pollutants that are polluting the air in Europe.

      Figuring out who to charge how much is a nightmare, which is ONE of the reasons that no serious attempt has been made to charge many groups for their externalities.

      Then there's coal/oil/etc. where you can figure an amount of pollution at the source, but the total pollution depends on how the product is used. If the oil, e.g., is used to make plastic, then it doesn't end up as CO2, but it does fill up the garbage heaps. So you can't justly charge to producer with the cost of how it may be used, even though you know that most of it will be burned.

      Then there's the matter of subsidies. Every energy producing company has LOTS of government subsidies, but often they aren't called that. They are called other things, like accelerated depreciation, or mineral leases on government land. (You may be surprised to find that the government owns the mineral rights on the land under your house. This isn't always true, but it often is. And don't expect any reasonable "just compensation" if the government decides to lease those mineral rights to some company that then procedes destructively.)

      We tend to hear about energy subsidies to "green industries", but that's because they are new. We don't hear about the long established and traditional ones.

      Then there are foreign corporations. If they cause trouble they will often write off their local assets, and don't expect the government where they are local to enforce any judgements against them. A particular example that comes to mind us Union Carbide in Bhopal, India. Only a few locals were ever "brought to justice", and they were probably basically scapegoats. US management could not be extradited, despite violating numerous laws resulting in a large number of people dead and injured.

      N.B.: This isn't all green/carbon-fuel, but they all impace the green/carbon-fuels concern. If increase in CO2 caused a rise in ocean level, and an island becomes uninhabitable, the residents don't receive ANY compensation from ANYONE. So this never gets figured into the cost of gas or methane. But it should be. If all those externalities were figured in, then a reasonable argument could be made based on cost. As they aren't, it feels more like power politics than reasoned argumentation.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    173. Re:We Wish by fahrbot-bot · · Score: 1

      even though the evidence now points to there being plenty of oil?

      I hate to nit-pick, but define "plenty of oil" - for how long, under what usage rate? Also what are the environmental ramifications of using/burning all that oil? You, I and our shortsighted, gutless politicians might not live long enough to see a world w/o oil or experience the air, water, or earth of that world, but someone will. Should we all simply say "fuck them" from behind the wheels of our Hummers? I guess that would be easier and cheaper...for us anyway.

      Oil is going to run out at some point (as it's consumed faster than it's created), and using it has detrimental effects on the environment. Shouldn't we at least research and plan on how we would live w/o it? Or develop alternatives that don't require oil - there will (probably) always be a need for oil in the production and/or use of some products, but not all products currently using oil, and we should ensure the availability of oil where it's *required*.

      --
      It must have been something you assimilated. . . .
    174. Re:We Wish by LynnwoodRooster · · Score: 1

      Again, more hand-waving. Nothing there to support peak oil and the 50% claim you emphatically reiterated. You're just sticking to a talking point to support your own belief - it has no basis in fact.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    175. Re:We Wish by fahrbot-bot · · Score: 1

      Oil makes a tremendously good battery.

      I don't know about you, but I buy rechargeable batteries, not one time use batteries. One time use batteries are not "tremendously good batteries".

      To be fair, Oil is a rechargeable resource, but the recharge time is very, very (very) long. Sure, that's impractical for everyone that's ever lived and may ever live, but to quote Steven Wright, "Everywhere is walking distance, if you've got the time."

      So. We can all just wait... hmm, hmm hmm, hmm...

      --
      It must have been something you assimilated. . . .
    176. Re:We Wish by AlphaWolf_HK · · Score: 1

      You're so near to answering your own question, why didn't you continue that line of thought?

      Likewise, carry that globally and you see barely a 17% increase since 1980.

      http://www.indexmundi.com/energy.aspx

      Notice that coincides with the global collapse of communism, which meant a sudden increase in global GDP. However notice at the end where we reach China's peak, it begins to decline, and that trend is continuing.

      As ever in these speculative bubbles

      It's kind of hard to argue that it remains a bubble when the panic button already hit and is past, and now it's relatively stable. Paul Krugman is wrong on this one. If his predictions were true, it would have collapsed already. Nobody is in any sort of a rush to buy bitcoins, which is what is accompanied by a speculative bubble. Instead people are simply trading them like they would any other form of currency.

      Ebay is currently contemplating accepting bitcoins, by the way. As somebody whose business IS small trades on a large scale, I think just the fact that they are considering it goes a long ways towards showing its potential, even if they decide not to.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    177. Re:We Wish by zzsmirkzz · · Score: 1

      Yes, you can. But we know far more about the composition of a AA battery than we do of the composition of the earth. We've also drained many a AA battery to its end to come-up with and tweak those averages/extrapolations so that they are accurate. So still not a fitting analogy. Not that you can prove via analogy anyway.

    178. Re:We Wish by fahrbot-bot · · Score: 1

      We need to diversify our energy sources vs finding the magic bullet of perfect energy that just doesn't exist.
      They are a lot of options. The trick is to get the right balance.

      Adding:
      Geothermal Electricity
      Wave Power

      --
      It must have been something you assimilated. . . .
    179. Re:We Wish by HiThere · · Score: 1

      There IS no clean renewable energy. There is cleaner more durable sources of energy.

      E.g., Windmills slow the rotation of the earth. (IIRC they also push the moon further out in it's orbit.) So do tidal motors. They *may* be cleaner than some other source of energy, but they aren't clean in any absolute sense. Proponents of nuclear energy actually believe that this is a cleaner source of energy. In one sense, they are right. Any energy extracted from fission reactor decreases that long-term average level of polution of the planet by radiation. Some reactor designs (which haven't yet been built) claim to burn the radioactive fuel until ALL the high level radioisotopes have been consumed. I'm not convinced, but it's not totally implausible.

      OTOH, some sources of energy are seriously polluting. Oil, coal, and methane all fit this criteria at the moment. But do note that after a few centuries the warmer planet will probably seem a better choice to those who are living there...and that selection of species could well include humans. It's true that the equatorial belt would probably become uninhabitable, but the zones that are currently temperate probably won't get any warmer than the tropics do today. Or at least not much warmer. Canada, Siberia, Scandinavia, and Greenland will probably be quite comfortable. (The southern hemisphere doesn't have very much land that close to the Antarctic, so it may well have considerably fewer inhabitants. Unless, of course, Antarctica itself thaws.) One doesn't know how far the sea levels will rise, but it's fairly safe to say that none of the coastal cities will remain habitable.

      I really doubt that we could find enough carbon fuels to turn the Earth into a second Venus, but it's not totally beyond the bounds of speculation.

      So there IS more than one answer. We may just like the eventual results of the other answers less than we currently like avoiding carbon based fuels.

      The key here, of course, is the word "eventually". People have a VERY strong tendency to discount future costs, and the futher off it is, the more they discount it. This isn't totally unreasonable. The future, by it's very nature, is uncertain. If you don't see it as uncertain, then you are deluding yourself. And differnt people have a different sense of the future. Some people have a hard time resisting having an extra helping of food, even though they know they are already overweight. I think this may well be an analogous phenomena.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    180. Re:We Wish by ceoyoyo · · Score: 1

      You might have noticed that the price of oil has more than quadrupled recently. If it does that again we won't be having the discussion - renewables will be cheaper.

      Personally, I think we're probably beyond the point where it matters. The price of oil will go up to the point where the renewable technologies we already have will be cheaper, sooner rather than later. It's still worth investing now so that we build up our renewable infrastructure with the best technology available, but it's going to happen.

      The only problem is coal, which is still cheap, plentiful, and useful for generating electricity.

    181. Re:We Wish by cayenne8 · · Score: 1
      What's the risk to these panels from hail storms? Are they impervious to those?

      If not, does your warranty cover that or is that money out of your pocket? If so, now much? If insurance, how much extra do you have to pay for home insurance with the panels installed?

      Just curious.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    182. Re:We Wish by chill · · Score: 1

      My manual transmission, 2013 VW Jetta TDI (diesel) averages 50+ MPG highway and 35-40 city driving, depending on how heavy the traffic is. I paid $24,950 including tax, tag and title back in October of last year.

      I don't see why the engine and associated power-train couldn't be moved to a small truck. It certainly has enough torque. Some MPG would be sacrificed due to poor wind resistance, but it'd still be a very good deal.

      I like the recommended "change oil every 10,000 miles" bit, too. Between that and the MPG I'm saving a couple of hundred dollars every month in commute costs over my last car.

      --
      Learning HOW to think is more important than learning WHAT to think.
    183. Re:We Wish by cayenne8 · · Score: 1
      One problem I see is..they look so fugly on peoples' roofs!!!

      I was kinda taken aback, here in New Orleans, one of the old, beautiful tile roofs, covered with solar panels.

      Talk about making the home look horrible.

      I don't mind if you can put them on the back roof where no one can see them, but man...if on the front of the house, they sure would seem to drive down your curb appeal, and hence limit who you could sell to for a decent price when it comes time to sell and move.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    184. Re:We Wish by HiThere · · Score: 1

      I'm not sure of the source of the methyl cathlates, but the rest are fossil fuels, at least the ones of concern. Burning wood is carbon neutral, as is burning anything that's based around stuff that plants or microbes extracted from the air during your lifetime. (Oil may be made from fossilized microbes, but it's still a fossil fuel. And IIRC fossa just means coming from the rocks [well, dug up]. Same as petro- only that means rock rather than dug.)

      And if you think that when things get desperate, people will head into space, I think you are foolishly optimistic about human nature. What people will do instead is fight to the last bit over who gets to live in the most habitable areas.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    185. Re:We Wish by BasilBrush · · Score: 1

      Now you're just trolling.

      There's no handwaving. This is Hubbert Peak Theory. Be ignorant of it if you want.

    186. Re:We Wish by ceoyoyo · · Score: 1

      That's not a good reason. At some point, we'll run out. Burning through resources quickly is okay if you're using them to get access to more resources. So if we were using up our oil to get cheap space travel and colonization, or expand once we had it, or develop fantastic renewable technology, great! But we're not, we're using more and more to essentially sit idle.

    187. Re:We Wish by gl4ss · · Score: 1

      You also paid for all the successful programs too. But you didn't hear about them, because they don't fit the narrative of OUTRAGE!!!! the permeates the "unbiased" media.

      what successful renewable energy program? name one? because we really only need one.

      --
      world was created 5 seconds before this post as it is.
    188. Re:We Wish by Dcnjoe60 · · Score: 1

      And if it cost > 1 joule of energy to extract oil that gives 1 joule, it's not worth it.

      it isn't that simple. Oil makes a tremendously good battery. it is highly portable and has a very high energy density. It is better than any other battery we currently have. So even if it begins costing >1 joule of energy to extract 1 joule worth of oil, it will still be in high demand for its energy storage capability unless we invent a better battery. if it takes more energy to pull out of the earth than we get from it, then we will just find other means to pull it out of the earth, such as powering our oil rigs with solar or wind power.

      Uranium makes an even better battery using that reasoning.

    189. Re:We Wish by BasilBrush · · Score: 1

      Likewise, carry that globally and you see barely a 17% increase since 1980.

      Who would have thought it. As we approach peak production the rate of increase of consumption slows. I'm sure someone somewhere must have predicted this...

      You'll be telling me next that at some point soon after peak production, consumption starts to go down.

    190. Re:We Wish by ceoyoyo · · Score: 1

      And even cheaper when you do it on a large scale. You'd pay a lot more than $65/MW for a natural gas generator installed in your home.

    191. Re:We Wish by Dcnjoe60 · · Score: 1

      Oil makes a tremendously good battery.

      I don't know about you, but I buy rechargeable batteries, not one time use batteries. One time use batteries are not "tremendously good batteries".

      But your rechargeable batteries only have the appearance of being multi-use. Everytime you recharge them, you are draining the same single use oil battery (using the original poster's analogy).

    192. Re:We Wish by HiThere · · Score: 1

      They do. Lithium batteries can only be charged a finite number of times. Then they need to be recycled or discarded (haxardous waste). But the recycling isn't perfect, and much of the Lithium is lost in each cycle. (This will probably improve as the cost of Lithium goes up as it becomes scarser.)

      There AREN'T any unlimited resources. Pretending that there are is foolish. The most nearly unlimited are Carbon, Hydrogen, Oxygen, and Nitrogen. Silicon is also fairly common. A few others. We are still at the start of building our technologies mainly aroujnd CHION, but note that that's what ALL biochemistry is based on. We don't have very much else in our bodies. Some iron, some calcium, but we use CHON wereever we can.

      But we have an existence proof that very sophisticated things can be done with a sufficiently developed technology based mainly around CHON. And that same proof is reasonable grounds for supposing that it doesn't suffice . That heafty traces of some other elements will be needed for special functions (like Oxygen transport or rigid support members).

      That said, it's quite plausible that some environments will require other components. But those need to be minimized, because thery are more expensive to acquire.

      My personal expectation is that some development of graphene will enable rechargable capacitors that can hold a very large charge for a very long time, and release it either rapidly or slowly. But it may be awhile before this becomes available.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    193. Re:We Wish by gl4ss · · Score: 1

      if you have a novel, viable idea about what to "R&D" for cheap energy, you will have no problems finding someone to finance the research(investment). problem is, you can't just move money to an investment account and have 10 years later a cheap renewable energy source, because real world isn't civilization VII.

      problem with doomsday talk about fossil fuels is exactly just that they aren't going to end in a hurry. even extracting diesel-equivalent from coal is doable, in the economical sense, if oil starts costing double and those deposits are going to outlast me and you and your kids and energy needs then might be a whole lot of different and solar panels cheap. if nothing else they'll figure something out as humans do.

      oil is just so fucking cheap that it barely makes sense to farm ethanol(with oil machinery) if you get subsidies for making the ethanol AND can sell it without the huge ass gasoline taxes imposed on oil. thing is, oil is ridiculously cheap even when the price is effectively pegged up by cartel pricing! it's unbelievably cheap!

      all the money was pretty much wasted in solyndra, giving it off as social security would have been less of a waste actually and definitely more honest and fair.

      --
      world was created 5 seconds before this post as it is.
    194. Re:We Wish by ceoyoyo · · Score: 1

      That doesn't really mean anything. Inflation is an estimate of the increase in living expenses, calculated by looking at the cost of various things average people buy. Gasoline figures a great deal in that total, both directly at the pump and in increased transport costs for, well, everything.

      The important thing is how the relative price of fossil fuel energy and renewable energy is changing. If you want to hold fossil fuels constant, fine, but the result is that renewables are getting cheaper at an accelerating rate. If they aren't already cheaper, they will be in the near future.

    195. Re:We Wish by ceoyoyo · · Score: 1

      Considering that the price of oil has a huge effect on the inflation rate, an increase of 50-100% means that the price of oil has indeed skyrocketed.

    196. Re:We Wish by BasilBrush · · Score: 1

      It's kind of hard to argue that it remains a bubble when the panic button already hit and is past, and now it's relatively stable.

      He he! So funny to see people coming out with all the same arguments as they did in the last bubble. Stable? It dropped $26 today. Stable?! That's a 5% drop. Real currencies don't do that, except in huge crisis.

    197. Re:We Wish by gl4ss · · Score: 1

      most renewable energy prices are actually tied to gas price, because the world is dynamic and oil prices affect the pricing at which you can do the renewables, not to mention it's pretty hard to judge the real pricing when oil is taxed to high heavens and they are not. you should adjust for inflation and taxes as well. oil crisises so far have all had political roots and bad planning - not on there being any deficit of oil to be had on hand.

      and you know, they could sell the oil cheaper... but it's selling at it's price just fine since the demand is there, if there was a renewable that was 70 bucks a barrel of oil energy.. then opec and norwegians would drop the price. many people are thinking about "the switch" but unless you have something better to switch to it's not going to happen anytime soon. my choice would be more modern nuke plants and electric cars and tractors built to last.

      --
      world was created 5 seconds before this post as it is.
    198. Re:We Wish by WGFCrafty · · Score: 1

      Funny thing is scientist and hippies often go together. The head of my high school science department was an older physics teacher with a green tye dye lab coat. She was also a good teacher of basic physics (momentum/acceleration). Everyone in my biology field studies was quite laid back and the teachers (a Dr. And masters) were definitely hippies in the 60s, and they LOVED plants. Really fun stuff to be taught by laid back intellectuals.

      So let's not throw the intellectual environmental hippies under the bus with.the people who think ALL nuclear power is bad. Please everyone read about thorium, there are several videos showing the basics. They also burn transurianic wastes and produce U238, a valuable and rare component of RTG (radioisotope thermal generators) for space craft.

      In fact I just got back from a hippy fest of mostly intelligent UT undergrads in Austin. Raised money for charities and the people and first responders in West, amesome philanthropic partying. I hope we got them enough money for funerals and housing. Stopped there on the way back, such a tragedy in their tight knit little town.

    199. Re:We Wish by gl4ss · · Score: 1

      Renewable energy is already feasible. It's already widely used. Just not widely enough yet.

      The rest of your post is basically an assumption that we should allow the oil companies to dictate energy policy according to what's profitable for them. Well, it probably will go like that. But it shouldn't and it doesn't have to.

      Economics is not God. It doesn't need your worship.

      yeah so where is this renewable energy that's cheaper than oil and isn't hydro dams?
      and you know when the oil companies will start dumping their pricing? the minute you have an alternative that's cheaper(taxes and subsidies excluded).

      --
      world was created 5 seconds before this post as it is.
    200. Re:We Wish by BasilBrush · · Score: 1

      We've also drained many a AA battery to its end to come-up with and tweak those averages/extrapolations so that they are accurate.

      Absolutely, but with more than 50 nations on the far side of the peak, over decades, it's not as if Hubbert Peak theory is untested.

      Not that you can prove via analogy anyway.

      Indeed, it was just an analogy. People always end up arguing more about the analogies rather than the substantive topic!

    201. Re:We Wish by WGFCrafty · · Score: 1

      Hydroelectric (They don't talk about this much, I am not sure why),

      I think it's because in the US, most of the natural hydroelectric capacity is already developed. Certainly in New England, every little river seems to have its own little dam or three. Yet those meet only a small fraction of our energy demand. So, increasing hydroelectric capacity seems unlikely to be a major factor in solving our energy problems.

      This, and it has been quite hard on delicate ecosystems. They also can be dangerous of not properly maintained, I've read of one state who has NO ONE to inspect their dams. A ticking time bomb, we need infrastructure spending. How many bridges and overpasses must collapse before we consider this a real problem?

    202. Re:We Wish by gl4ss · · Score: 1

      that doesn't even make sense anymore.

      oiljews are manipulating the concept of money so that renewables like ethanol are infeasible without subsidies? is that what you mean? but how does that change the fact that to create the most ethanol you're better off using oil for running your equipment than running ethanol on them, because the ethanol production isn't cost effective enough(in resources, not just in "oil company manipulated money")??

      what "wrong thing" ?

      --
      world was created 5 seconds before this post as it is.
    203. Re:We Wish by Uberbah · · Score: 1

      The market will take care of that.

      The market is what's killing us. If a disastrous activity is profitable, someone will do it for profit. The Free Market Fairy has no answer to problems of pollution or climate change.

    204. Re:We Wish by leonardluen · · Score: 1

      the problem is "nuclear" scares people more than "global warming".

    205. Re:We Wish by ceoyoyo · · Score: 1

      I remember ten years ago when people (I lived in an oil rich region) were worried about oil going above $40 a barrel because that was the price point at which people seriously started looking at alternatives. Now we're talking about oil never going below $40 a barrel again.

      Yes, if you're willing to pay for it we'll never run out of oil. But that's not what peak oil is about. The theory says that oil production will peak an then decline because it becomes more and more expensive to extract oil, until it becomes unfeasible. For individual fields and countries, the competition comes from other fields and countries. For the world as a whole, the competition comes form renewables and, eventually, synthesis.

    206. Re:We Wish by leonardluen · · Score: 1

      you are probably correct, however those probably won't become viable until oil extracted from the ground becomes a LOT more expensive.

    207. Re:We Wish by AlphaWolf_HK · · Score: 1

      It very well could, actually, and there are many reasons why.

      First, we've been moving heavily in the direction of increased fuel efficiency. Not through act of government either - muscle cars died off because people couldn't afford to feed them. So, brands like Toyota came and stole the show. It wasn't due to decreased production though, it was actually heavily caused by OPEC deciding to take advantage of their oligopoly.

      That can be taken a step further though. For the first time ever, we're beginning to see practical cars that are entirely electric, as well as an infrastructure to support them. Should that trend continue, you'll see consumption drop heavily, regardless of oil production.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    208. Re:We Wish by SolitaryMan · · Score: 1

      Why do you deserve it more than your grandchildren, great grandchildren and so on.

      Because I don't have them? :)

      Seriously though, I do not believe that we will find the solution to this problem (this = energy crisis, climate crisis). Not because the technology is not there, but simply because we are greedy selfish assholes. Too much politics and when there is too much politics the end result is always that nothing gets done.

      So, have fun, but don't leave any offsprings to clean your shit.

      --
      May Peace Prevail On Earth
    209. Re:We Wish by Uberbah · · Score: 1

      Renewable energy is widely used indeed, but so far often thanks to subsidies.

      Oil is the most subsidized energy source of all: over a trillion a year in DOD spending. What, you thought we had the bulk of our military focused on the world's gas stations by accident? Supporting friendly dictatorships isn't done on the cheap (Saudi Arabia), nor overthrowing socialisticy democracies (Iran, Venezuela), or regime change (Iraq, Libya). Then there's the massive subsidies on the consumption side in the form of public roads and highways.

      When the United States starts a drone war in support of the solar panel or geothermal industries, or directly pays for wind farms across the country, then maybe we can talk about "subsidization".

    210. Re:We Wish by Darinbob · · Score: 1

      Of course we're running out of oil. Oil is not infinite. The question isn't when we run out, but how long it takes or how hard it is to extract more or what the external effects of using the oil are, and so forth. So when people say we're not running out of oil what they really mean is that we won't run out soon so why worry about something that might affect short term economic gains.

      The only way to not run out of oil is to either stop using it or to consume it at a slower rate than it is replenished (which is measured on geological timescales).

      Sorry, just being pedantic.

    211. Re:We Wish by labnet · · Score: 1

      Why do you yanks use the confusing term gas (aka Petrol or Gasoline). I thought you were talking about LPG at the beginning of your post (what the rest of the world means when the word gas is mentioned) eg A gas pipeline.

      --
      46137
    212. Re:We Wish by AlphaWolf_HK · · Score: 1

      Well yes they do, actually. That isn't far off from what precious metals have done ever since they have become a commodity that we actually use to make stuff, rather than just something used for the purpose of jewelry. Precious metals, I hope you know, are used as a real currency.

      In fact, during April gold dropped $200, or 17% in value within the period of a few days. Again, gold is a real currency, one that has been used since time immemorial in fact.

      Personally, I am not placing my bets on bitcoin, but I do recognize that it has strengths of both fiat and metal currencies. It is like fiat in that it isn't a commodity, and like metals in that it is finite.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    213. Re:We Wish by Uberbah · · Score: 1

      Quit calling them fossil fuels, it's an inaccurate term with a lot of emotional baggage attached to it. The proper term is "carbon based" fuel sources, they don't all come from fossils.

      Nonsense. Ethanol is a "carbon based" energy source, but it's not adding any new carbon dioxide to the atmosphere. Burning oil and coal and natural gas does, because it's taking carbon out of the ground that would otherwise stay in the ground and putting it in the air.

      Thus, the fossil fuel distinction is more than appropriate.

    214. Re:We Wish by slash.jit · · Score: 1

      There is Solar, unless you want to say that manufacturing solar cells would pollute the planet. But then you cannot find anything that is clean because nothing is "clean" unless you store it in a vacuum. So when people say clean they always mean cleaner w.r.t to others. And as I said there is only one answer which is renewable energy but then there is no point telling you because you are so damn arrogant and ignorant that you would write any bullshit to prove your point.

    215. Re:We Wish by AlphaWolf_HK · · Score: 1

      Also another thing - bitcoin is extremely unlikely to see hyperinflation like many real - yes REAL - currencies have seen on numerous occasions. This is due to its fixed quantity.

      http://en.wikipedia.org/wiki/Hyperinflation#Examples_of_hyperinflation

      The Weinmar republic for example saw somewhere on the range of nearly 30,000% inflation in a very short time.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    216. Re:We Wish by TWiTfan · · Score: 1

      If that happens, I'll just have one of my robot servants come get me.

      --
      The cow says "Moo." The dog says "Woof." The Timothy says "Thanks, valued customer. We appreciate your input."
    217. Re:We Wish by BasilBrush · · Score: 1

      In fact, during April gold dropped $200, or 17% in value within the period of a few days.

      In April, within 7 days Bitcoin dropped 70%. I was just taking issue with you believing in the days since then, Bitcoin had become stable.

      Precious metals, I hope you know, are used as a real currency.

      Precious metals have intrinsic value. Bitcoin has none.

    218. Re:We Wish by BasilBrush · · Score: 1

      yeah so where is this renewable energy that's cheaper than oil and isn't hydro dams?
      and you know when the oil companies will start dumping their pricing? the minute you have an alternative that's cheaper(taxes and subsidies excluded).

      I repeat:
      Economics is not God. It doesn't need your worship.

    219. Re:We Wish by BasilBrush · · Score: 1

      oiljews

      Fuck off you bigotted cunt.

    220. Re:We Wish by semi-extrinsic · · Score: 1

      Not only that: his comment is untrue even if you want to use the oil for energy. Say I'm drilling a large reservoir, but it's very expensive to get the oil up. If I only sell 1 out of 3 gallons I produce, and use the remaining 2 for extracting the next 3 gallons of oil, that could very well be financially viable (depending on the price of oil at that moment, etc.)

      --
      for i in `facebook friends "=bday" 2>/dev/null | cut -d " " -f 3-`; do facebook wallpost $i "Happy birthday!"; done
    221. Re:We Wish by BasilBrush · · Score: 1

      Check, check, check. Now what part of this do you imagine differs from peak oil theory?

    222. Re:We Wish by s.petry · · Score: 1

      Ugh, you are either a shill or just socially retarded. There is no "right" or "left" and has not been for well over 30 years. Bush's policies have not change under Obama. Clinton's policies did not change under Bush. The left right paradigm is a fiction, and it's painfully obvious to anyone that looks that it's fiction.

      There has been a massive push in this country toward either fascism, oligarchy, or socialism depending on what you wish to focus on. That push has not come from the people, but from a very minor group in power working against the will of the people. Main stream media works overtime to keep people in the dark and ignorant to what's been happening. The internet is awesome, because now you don't have to rely on the media to see what's going on. You do however need to be brave enough to face cognitive dissonance and look around.

      To back my point about you being a shill or socially retarded, even by main stream standards Obama is "left" and not from the right. Right wing was Ron Paul who was ignored or simply called too crazy to lead by the corrupt media. Romney, who was propped up as a contender was just as left as Obama. If that does not tell you that the left right paradigm is fantasy, I have no idea what will. Then again, as mentioned before you could be a shill.

      --

      -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

    223. Re:We Wish by khallow · · Score: 1

      And if we have to switch to renewables anyway, why not do it as soon as possible.

      That's what cost/benefit analysis is about. As I see it, no one has shown that the downsides of fossil fuels, especially when one considers time value, are worse than the cost of restructuring our energy and transportation infrastructure now.

      My solution is laissez faire - let things transition over naturally as oil gets expensive enough. The only real gap is the externality from CO2 emissions. I prefer carbon emission credits with an unlimited pool and increasing cost as more are purchased. That is a "soft cap".This approach wouldn't have the problems of the hard caps of the current European carbon markets.

    224. Re:We Wish by nickersonm · · Score: 2

      Transmission losses in the US are only about 7%.

    225. Re:We Wish by Sardaukar86 · · Score: 1

      Not because the technology is not there, but simply because we are greedy selfish assholes.

      An honest opinion I agree wholeheartedly with and kudos for having the guts to say it here.

      Too much politics and when there is too much politics the end result is always that nothing gets done.

      Nothing gets done, but massive amounts of money changes hands in a watered-down form of corruption. As you say, greedy selfish assholes.

      Maybe a little meta-analysis is in order; this behaviour stands in the way of anything we want to achieve as a species and costs us precious time.

      So, have fun, but don't leave any offsprings to clean your shit.

      "Take some personal responsibility" I agree, I may not be able to correct our busted system but I'm not about to contribute to the problem.

      --
      ..Mullah or Pope, Preacher or Poet, who was it wrote: "Give any one species too much rope and they'll fuck it up"?
    226. Re:We Wish by Uberbah · · Score: 1

      I read it the first time. Longer explanation:

      The Free Market Fairy still has no answer for climate change, and "incentives" are no solution. Your .5% tax idea might work - if you get a time machine and get Truman to implement one in 1950, because the time for timid attempts at changed passed at least five administrations ago.

      The longer change has been put off, the worse things will get and the more drastic actions will have to be. Now is not the time for libertarian re-activeness, but Manhattan Project and "before this decade is out" pro-activeness.

      And the best part is, it would be an economic gain for society. More green energy means more R&D and construction. The only losers are Exxon and the Randian's who want us to keep clapping so the Free Market Fairy doesn't die, to be replaced by Glinda, the Good Socialisticy Witch.

    227. Re:We Wish by tragedy · · Score: 1

      Petroleum products have one of the highest energy densities that is very easy to extract

      Technically speaking, plutonium-238 has one of the highest energy densities that's very easy to extract. Just toss it into a lightly shielded chamber in some sort of external combustion engine like a steam engine or a Stirling engine and you're done. There are plenty of reasons it isn't practical. Availability and the costs and difficulties involved in making it are just some of those reasons. In terms of energy density, however, a kilogram of plutonium-238 has a usable energy density of at least 4000 (came up with this based on power output over twelve years, after which only 10% of the plutonium would be used up) times that of an equivalent mass of gasoline. It also doesn't require oxygen. It does have the additional downside that you can never turn it off.

      In a practical sense, without nuclear breakthroughs, you're right about hydrocarbon fuels as being practical and convenient for fields such as transportation. Filling a tank with a fluid fuel is convenient and fast compared to electrical charging (consider that the energy transfer rate from a gasoline pump to a car gas tank can easily hit ten megawatts). Not to mention that there are vehicles such as jet planes and rockets that don't really have any electrically powered alternative. Battery technology can't keep up, and it's hard to compete with the energy density of fuels that get to cheat by making use of atmospheric oxygen. After all, the 45 megajoules you get from 1 kg of gasoline isn't really coming from just that 1 kg of gasoline. The energy comes from 1 kg of gasoline + ~3.8 kg of oxygen. So, the real energy density of gasoline as a fuel is only about 21% of what it appears to be, but it gets to use easily accessible in situ oxygen here on Earth. That kind of advantage is hard for chemical batteries, which have to carry all of their chemicals with them, to compete with. This is why air-breathing batteries are being researched, although those would always still have the weight disadvantage. Batteries do have their place, but there are some big tradeoffs in switching to them at the present time and for the forseeable future.

      To avoid using up oli reserves and to remain carbon neutral (and probably cleaner overall), artificially created hydrocarbons may be the way to go. If the carbon in the fuel is drawn down from the atmosphere in the first place, there's little downside to re-releasing it except, of course, local pollution. If the hydrocarbons used are well chosen, that may not be a problem either. Methane is very clean burning, for example. Not as clean burning as hydrogen, but hydrogen represents significant storage and usage problems. Methane has some portability issues due to the pressures required to contain it in practically sized tanks, but there's been interesting work in using tanks full of carbon with tiny pores in it to store methane with a fraction of the pressure. In any case, making hydrocarbons from atmospheric CO2 and water and energy seems to be quite possible, it's just a matter of finding the most efficient method, whether it's done through interesting applications of biology or through some entirely technological process. In the short term, of course, it will be hard to compete with oil right from the ground (unless you consider all the externalities, which we never do), but it will probably do quite well in the long term. That way, even if we never have Mr. Fusion, we should hopefully still always have a way to power our cars, jet planes and rockets.

    228. Re:We Wish by tragedy · · Score: 1

      You're correct that, even if solar panels took more energy to make than they recoup, they would still be worth it for certain use cases. You're not correct that they, in fact, do still take more energy to produce than they generate. That hasn't been true for at least 40 years.

    229. Re:We Wish by tragedy · · Score: 1

      I'm curious if anyone has developed the idea of a hydraulic ram into an electrical generator. You could use it to pump water to a higher head and then generate power from the flow back down. Or, possibly, could you use a similar design where the opening and closing of the waste valve is used to spin up a flywheel? I wonder if an approach like that could compare favorably to a water wheel?

    230. Re:We Wish by tragedy · · Score: 1

      Methane clathrate extraction seems to have its own potential perils. Imagine the public reaction, or maybe the massive coverup, that will take place the first time a cruise ship drops to the bottom of the ocean because an extraction accident turned a large swath of ocean into methane froth with only 75% of the normal buoyancy of water. Even without massive accidents, imagine how much methane will simply be dumped into the atmosphere.

    231. Re:We Wish by lessthan · · Score: 1

      Well yeah if we start building enough wind farms to cause mass bird die-offs, there would be a problem. If there was a discovered unintended lethal effect from production of solar panels, there would be a problem. Isn't the death of a significant portion of the biomass, due to our actions, something to be worried about? Also, there are 315 million people living in the USA alone. There are bound to be nuts who prize the lives of seagulls over the construction of wind farms.

      --
      Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
    232. Re:We Wish by Comrade+Ogilvy · · Score: 1

      Fair points. I take a "nuanced" view that Peak Oil is partially correct. The widely held assumption at the time, believed not only by this particular theorist, was that a prosperous world economy could not run on $40 per barrel oil and $60 oil could crash the economy. Now we know that there are some problems, but the world economy can at least wheeze forward on $100 oil. Given time, the economy could adjust to even higher oil prices.

      In a roundabout way, I am suggesting that Peak Oil may be wrong or (partially) right, but it is probably unimportant. As long as the transition happens slowly, the ability of the world economy to adjust to high oil prices has been underestimated in many quarters.

      The other thing to consider is that Peak Oil, defined narrowly, might be correct, but alternative hydrocarbons such as gas from fracking can alleviate demand on crude oil.

    233. Re:We Wish by AlphaWolf_HK · · Score: 1

      In April, within 7 days Bitcoin dropped 70%. I was just taking issue with you believing in the days since then, Bitcoin had become stable.

      And I'm just taking issue with your statement that real currencies don't do this. They have, they do, and they always will. And in many cases, they come out of those stages and stabilize. Not even just gold, I'm talking about currencies that are controlled by a central bank.

      Precious metals have intrinsic value. Bitcoin has none.

      That is a line from Paul Krugman that the popular media has been spreading around. It's a load that he pushes around because he's ideologically opposed to bitcoin, mainly because he strongly believes in currencies that are strictly government controlled. He holds this view because he believes in the core Keynesian theories. The Keynesian model thrown out over 30 years ago when stagflation happened because it is impossible under that model. So far the Friedman model has been fairly accurate, yet Krugman continues to reject it and modify the Keynes model every time something happens that goes against it.

      Bitcoin has an intrinsic value - or at least, it has the same intrinsic value that gold has in that there are people who value it enough to exchange it for other goods. The only thing that bitcoin doesn't have is the ability to pay your taxes with it, which means that you inevitably have to convert it to the dollar at some point. This is what Krugman identifies as the ultimate intrinsic value. But it doesn't hurt to have to do that very much though because the dollar is always losing value, and will always continue to lose value because it was engineered to do exactly that when it converted to a fiat currency in the 70's. Because of that, you'll invariably come out on top.

      There is one particular reason why I am absolutely certain that bitcoin is here to stay though, and that reason is the silk road.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    234. Re:We Wish by microbox · · Score: 1

      If solar ever does become cheaper than natural gas (and eventually it will), everyone will switch then.

      Price volatility is what is stopping people at the moment. If you gave people a guarantee on the price of electricity to stay the same over the next 20 years, then they would go to the bank, buy solar, and pay the bank instead of the utility company. This is exactly what is happening in countries which offer guaranteed prices. It is also happening in the US through private enterprise, but on a much smaller scale.

      That's without factoring the cost of carbon pollution.

      Gee, we're lucky that the rest of the world is working on the problem.

      --

      Like all pain, suffering is a signal that something isn't right
    235. Re:We Wish by s.petry · · Score: 3, Interesting

      No, you absolutely do not get it. It's not "Republican" or "Democrat" doing it, go back and read what I wrote!

      I get it, media brainwashes you in to thinking there is still a difference. There is no difference, and it does not take a whole lot of investigation to see what has been happening. The people pulling the strings want you to think that way. They pit us against each other any way that they can in order to keep us from looking at them! You fell for it hook line and sinker. Will you continue to be duped or look around and see what's happening? I will warn you, the rabbit hole is deep and pretty scary.

      Nearly everything you hear on main stream media regarding politics (foreign and domestic) is propaganda. It's rhetoric convincing you that they are right to do what ever they want to do.

      Example: Yesterday it was reported that most of the anti Assad regime are the same terrorists we went to war with in Afghanistan. Today, Obama want's to give them arms. The rebel forces have used chemical weapons at least 3 times but you have to go to foreign media sources to find that out. Assad has used none that we can prove, nor will you find any references to this in foreign media. The guys the president now want's to back with weapons (in addition to the billions of US tax dollars he already gave them) broke his proverbial line in the sand.

      It's to the point now, where they don't even try to follow their own rhetoric. They are shitting on you and your fellow humans.

      --

      -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

    236. Re:We Wish by Half-pint+HAL · · Score: 1

      Hubbert's mistake was thinking of oil reserves as all being more or less alike.

      Says who? He did nothing of the sort.

      When we look at the alternative hydrocarbon sources, we see that he was wrong to do so. What we can say about most of the newly-discovered reserves is that vast though they may be, they are much more expensive to extract than the traditional oilfields.

      Thats EXACTLY what Hubbert said! The easy stuff is extracted first, and then the hard to get stuff. New discoveries of hard to get stuff are absolutely part of the theory from the very start.

      Look again. He was talking about the easy half and the hard half -- a peak at 50%. And yet we have now used up most of the easy-to-extract oil, and with the finds of new oil shales and deep sea reserves, we reckon we haven't used anywhere near half the total reserves. Hubbert's model was an oversimplification, and it made an assumption that new finds would fit previous patterns, rather than be dominated by radically different types of reserves.

      --
      Got them moderator blues I blieve I walk out the do', With these mod-points I been gettin', I 'most never post no mo'
    237. Re:We Wish by CodeBuster · · Score: 1

      Whenever the left talks about "investing" what they really mean is "spending". The left uses "investment" as a code word for spending. They know that many Americans are profoundly ignorant of finance and investing and they're hoping to fool those people while at the same time reassuring their base that the "investing" will continue without interruption. Of course, the left knows that professional investors will not be taken in by such nonsense but they don't care because they don't have to fool Wall Street, just Main Street, for their plans to succeed. In fact, Wall Street will be happy to assist the Democrats in exchange for laws and regulations that steer Main Street into crappy 401k plans stuffed full of high fee mutual funds picked by them as "safe" investments and controlled to prevent any of the peons from actually owning any of the really good assets. It's as the Merovingian said in the Matrix films, "Choice is an illusion created between those with power and those without."

    238. Re:We Wish by blindseer · · Score: 1

      I despise alternative energy subsidies just as much as the oil industry subsidies. To even the playing field we should not be subsidizing alternative energy, we should be removing the subsidies from oil.

      Another thing, if solar energy were so great then we'd see the power companies paying people to put solar panels on their roof. I don't mean by buying the excess power from those that put up panels. I mean by driving around neighborhoods and offering to pay the owners to install the panels on their roofs.

      A major problem with solar power, a weakness it shares with wind, is that the power it produces cannot be controlled. It adds another unknown to an already delicate system. Weather has a serious impact on the output of wind and solar systems and power companies cannot control them. With hydro, coal, nuclear, and natural gas the power companies have control of the throttle. There is no throttle on wind and solar, they can't turn up the wind and sun if they need more power.

      This lack of control adds to the cost and people like cheap power.

      A few people that put up solar panels to power their homes is not usually an issue because there is not enough solar power right now to significantly affect the system. The power they add to the system is in the noise floor.

      Again, if solar power were so great more people would be using it. Business is business and the factories and stores can't just close up because the clouds decided to roll in that day.

      --
      I am armed because I am free. I am free because I am armed.
    239. Re:We Wish by bogjobber · · Score: 1

      Gas is cheaper in inflation-adjusted dollars than when I started paying attention to it. Commodity prices are cyclical. Fearing that they will go to infinity because you've only experienced on upswing is just like fearing the oceans will all boil during the first Summer of your life.

      When did you start paying attention, 1980? That's the only time in the last 40 years the prices have been similar, and that was caused by decreased supply due to the Iranian revolution, subsequent embargoes and the Iran-Iraq war. We are at similar inflation-adjusted prices now with the whole world producing at maximum capacity. Imagine how high prices would go if we completely removed Iranian and Iraqi production from the market!

      And commodity prices are not always cyclical. If production can not keep up with increased demand (as has been the case with oil for over a decade now) prices will continue to rise. There aren't going to be any more dramatic increases in oil production like we saw in the 1980s and 1990s as offshore platforms and Arctic oil came into their own. We're sucking it out of every place on earth. Demand will continue to outpace production until something displaces oil.

      Your guess is as good as mine when that will happen, but it certainly isn't going to be any time soon. Even if the entire world decided to switch to some other technology *tomorrow* it would still take decades to get the infrastructure in place.

    240. Re:We Wish by Internetuser1248 · · Score: 1

      A resource being finite does not guarantee that we will ever run out. The current theory is based on the observation that the cost and difficulty of exploiting the resource rises as we use more. It seems in fact to be exponential. We can therefore run out of economically exploitable fossil fuels in the distant future, but there will always be some left somewhere.

    241. Re:We Wish by BasilBrush · · Score: 1

      Of course we're running out of oil. Oil is not infinite.
      Sorry, just being pedantic.

      No, you just think you're being pedantic. The true pedant knows that all though oil is finite it'll never run out.

      Why? Because it's like the connundrum with the frog in a pond that jumps half the distance to the bank each time. The frog never reaches the bank, even though it's a finite distance.

      No matter how much man tries to take all the oil out of the ground, he can only ever extract part of what's there. There will always be some, clinging on in he cracks, or hidden in some small pocket we never discovered.

      That too is encapsulated in peak oil theory. A bell curve gets ever closer to the x-axis at it's extremities, but it never actually reaches it.

    242. Re:We Wish by BasilBrush · · Score: 1

      Did you ever hear the phrase "damning with faint praise".

      "Bitcoin is not as bad as the Papiermark after the Germans lost World War I!"

    243. Re:We Wish by BasilBrush · · Score: 1

      That is a line from Paul Krugman that the popular media has been spreading around.

      Given I'm not American, I'd never heard of Paul Krugman till I just looked him up. And I haven't seen any popular media pronouncing on the Bitcoin. But I don't find it the slightest bit surprising that others also realise that Bitcoin has no intrinsic worth.

      it has the same intrinsic value that gold has in that there are people who value it enough to exchange it for other goods.

      That's not intrinsic value. Gold has intrinsic value because it's an attractive, non-tarnishable raw material that can be made into jewellery. It's value followed from the supply not meeting it's demand for that purpose. And of course in modern days it a useful raw material for other purposes, such as electrical contacts.

      Bitcoin has no intrinsic value, it just has scarcity. A string of bits that represent an MP3 file does have intrinsic value, it doesn't have scarcity (except to the partical extent that some people obey the copyright law.)

      Is scarcity enough to create value? Of course not. DirectX creates a 128 bit UID for every object, Each one is almost certainly a binary string that has never been expressed by mankind before. How much do you think they are worth?

      Every snowflake is unique! What Am I bid?

      They only ever created 100 of this Beanie Baby! Quick lets hoard them!

      Finally, you seem to thing that a drug baron with a website currently accepting bitcoins guarantee the future of bitcoins. How insane is that!

      All your nonsequiturs about Keynes and government control just mark you out as a Libertarian, and underline how appropriate my sig is.

      But I'm just arguing because I enjoy an argument. Really, I don't want to persuade any libertarian not to believe in bitcoins. Better they waste their time and their money on that than guns.

    244. Re:We Wish by BasilBrush · · Score: 1

      Look again. He was talking about the easy half and the hard half -- a peak at 50%. And yet we have now used up most of the easy-to-extract oil, and with the finds of new oil shales and deep sea reserves

      I'm with you up to that part.

      we reckon we haven't used anywhere near half the total reserves.

      Who's "we"?

      Hubbert's model was an oversimplification, and it made an assumption that new finds would fit previous patterns, rather than be dominated by radically different types of reserves.

      No it didn't. "Radically different types of reserves" is part of the "hard to get" category. Oil shale isn't a new discovery, oil has been extracted from it for thousands of years, and the the idea that Hubbert as a geologist working for a oil company wasn't aware of it is just plain ill-informed.

    245. Re:We Wish by hairyfeet · · Score: 1

      Look at the poster below you, he paid $25k for his new car that meets all of the requirements. Slap that powertrain into a Ranger size work truck and there ya go, a "people's car/truck" that meets all the requirements NOW and would drop our usage in half NOW by simply getting the poor out of the older gas hogs and into those. I would then make it so that anybody whose main or only vehicle got less than 25 MPG would get a huge discount and if they made less than a certain amount a year, lets say twice the poverty level, then they would be eligible to swap their pig for this one.

      if we were to do this along with some other common sense solutions, like making asphalt light colored so roads wouldn't be giant heat sinks and mandating all roofs be a light color so as to reflect more light than absorb? We could see some real progress made but sadly as long as the leeches like Goldman Sachs can't figure out how to make out like Gods from it it just won't be done.

      --
      ACs don't waste your time replying, your posts are never seen by me.
    246. Re:We Wish by AlphaWolf_HK · · Score: 1

      That's not intrinsic value. Gold has intrinsic value because it's an attractive, non-tarnishable raw material that can be made into jewellery.

      Bitcoin gains its value for the same reason gold ultimately does: It takes an effort to obtain it, and it is in limited supply. Snow literally falls out of the sky, you can get it anywhere. Bitcoins are scarce though.

      Many cultures have gone through currencies for the same reason. For example, pacific nations for a long time used sharks teeth as currency. The reason is simple: they are (or were) rare and hard to obtain, however they aren't so hard to obtain that there aren't enough to go around. That is their intrinsic value. Snoflakes, UUID's, are a fail analogy. Beanie babies are likewise a fail analogy.

      And, I don't think you realize just how powerful the drug trade is. It's estimated that globally there is more than 750 billion USD going into it every year. If BTC became the standard bearer for trading in that (e.g. conventional means of distribution go away) then it isn't going anywhere.

      All your nonsequiturs about Keynes and government control just mark you out as a Libertarian, and underline how appropriate my sig is.

      Well here's the thing: I'm making money on bitcoins. In addition to actually obtaining more of them at very little cost, I already have realized gains far in excess of what I have put into it (that is, converted the bitcoins into real world valuable items.) Even if the whole thing were to fall apart tomorrow (it couldn't any easier than the US government could suddenly collapse,) and even if you subtract a dollar figure on the actual time I've been working on it, I'd walk away from the table with a net gain. And I'm a libertarian. So tell me, how is your sig appropriate there?

      How much money have you made fighting against bitcoin by the way? You've certainly put time into working against it it (for example, the time spent writing these posts.) And further, why are you so interested in seeing it fall? I'll tell you why: because you're afraid of what might happen should the worlds governments lose their titans grip on trade. You're afraid that we might all become free, because if we did, then we'd all be libertarian.

      http://24.media.tumblr.com/tumblr_lykz2dLCsL1qid5x9o1_1280.png

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    247. Re:We Wish by VisceralLogic · · Score: 1

      How about the VW Jetta TDI Sportwagen? $25k, 40 MPG highway.

      --
      Stop! Dremel time!
    248. Re:We Wish by BasilBrush · · Score: 1

      Bitcoin gains its value for the same reason gold ultimately does: It takes an effort to obtain it, and it is in limited supply.

      Bitcoin doesn't take any effort to obtain it. Running a computer program isn't effort.

      And as I've already explained that is not the source of gold's value. It has intrinsic value. Scarcity alone does not make something valuable.

      For example, pacific nations for a long time used sharks teeth as currency.

      This is the kind of crap that members of the bitcoin bubble use to try and convince each other. To some primitive cultures, sharks teeth had a value, as a cutting tool and/or jewellery. That's intrinsic worth. In some cases they might have been bartered because of that. That doesn't make them currency. Again bitcoins have no intrinsic worth.

      I don't think you realize just how powerful the drug trade is.

      I'm well aware of the size of the drug trade. But the drug trade per se isn't working in bit-coins. They love their traditional bank-notes. You mentioned one drug-dealer with a web-site. Who's clearly also a foolish libertarian who's got caught up in the bubble.

      You know in one place, drug dealers were taking jugs of Tide detergent as payment for drugs. Again it has intrinsic worth - but even that wasn't enough to make jugs of Tide into a currency.

      Well here's the thing: I'm making money on bitcoins. In addition to actually obtaining more of them at very little cost, I already have realized gains far in excess of what I have put into it (that is, converted the bitcoins into real world valuable items.)

      Just like the race-track. Funny how everyone you hear from is a winner! Amazing how these sequences of bits have created value out of thin air! No one's lost any money!

      How much money have you made fighting against bitcoin by the way? You've certainly put time into working against it it (for example, the time spent writing these posts.) And further, why are you so interested in seeing it fall? I'll tell you why: because you're afraid of what might happen should the worlds governments lose their titans grip on trade. You're afraid that we might all become free, because if we did, then we'd all be libertarian.

      Are you into tin-foil hats as well? Like most people here I argue about all sorts of shit. Especially when people are being dumb.

      But as I say, I actually want libertarians to continue with bitcoins. The bigger the stupidity, the more entertaining it is.

    249. Re:We Wish by lgw · · Score: 1

      You're ignorance of things automotive is exceeded only by your lack of understanding of things financial. But, hey, at least you have strong opinions about these things.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    250. Re:We Wish by hairyfeet · · Score: 1

      And I've found those that can only insult do so because they don't have anything to say that won't make them sound stupid anyway so they just go full retard. Just FYI but they make a 4 wheel drive as well as a front wheel drive or are you gonna honestly sit there and argue that its impossible to make a 4 wheel drive truck using that motor? or that after 20 years of building small trucks its impossible to make anything smaller than an F-150 now?

      Doesn't really matter anyway as the USA isn't gonna do a damned thing about MPG of the country nor anything about AGW unless you count just shipping all the pollution to China for them yellow disposable people to choke on "doing something" because the entire AGW movement has been hijacked, no different than how the grass roots tea party was crushed and replaced by a corp kissing Koch Bros creation.

      --
      ACs don't waste your time replying, your posts are never seen by me.
    251. Re:We Wish by foreverdisillusioned · · Score: 1

      Um. In what sense is wind not 'viable' ? It's significantly cheaper than coal in many cases, the only issue is dealing with NIMBYs.

      And in what sense is solar not a viable alternative for oil? Revolutionary battery improvements are going to come with or without more government subsidy. Even if we lost all subsidies for our hybrid and electric cars, ridiculously thin cell phones and tablets will keep the dream of non-crappy batteries alive. And once you have the non-crappy batteries, the electric cars become significantly more attractive than internal combustion for most people (much cheaper to buy and much cheaper to operate.) And those batteries can be charged with solar power. And that same battery technology can be used to time-shift power from daylight to night time hours.

    252. Re:We Wish by lgw · · Score: 1

      How can such an obvious hippie be unaware of the Magic Bus! When you sit around wondering "why doesn't anyone do X" when X has been done so many times it's passed from cliche to passe, people aren't going to take you seriously.

      And, really, lets make the pavement white instead of black to help fight global warming? Really?

      --
      Socialism: a lie told by totalitarians and believed by fools.
    253. Re:We Wish by lgw · · Score: 1

      Hmm, better magic bus link: http://en.wikipedia.org/wiki/Volkswagen_Transporter

      Hitler didn't live to see the truck version of his "people's car", but it has been made for over 60 years now. Pick-up-truck versions too, of course.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    254. Re:We Wish by zildgulf · · Score: 1

      You seem to question whether we should invest in alternative energy technology R&D, as if we can simply chose not to do it for the next few decades. I assure you that we eventually WILL do it. It is simply a matter of time and who will do it. The USA is not the world and if us Americans are too fearful and stupid to do it others will. Germany is already into solar, which is strange considering they get far less solar energy than Nevada and far less land to set up solar collecting surfaces. China is building conventional and alternative energy plants just to have the electrical energy to power their fast growing cities.

      Right now my bet will be some other country developing cheap alternative energy technology and not the USA. We American will likely not do it because we still have cheap fossil fuels and no political will to kill corporate welfare to companies providing this fuel. Many Americans seem to think that when someone proposes R&D in alternative energy that they think it means massive "handouts" to alternative energy companies and subsidizing this energy source not really knowing that the fossil fuels are subsided by the government in the form of incentive payments for drilling and mining and supporting despicable governments in oil rich countries with money, aid, and even military action if needed.

    255. Re:We Wish by zildgulf · · Score: 1

      There is one advantage to solar power. Even at $3/watt the best thing about solar is not being dependent on getting your power from easily knocked down poles. It is just this simple, after a major storm power is out for hours, days, even weeks as power lines have to be strung on existing or new power poles. With adequate protection an array of solar cells could be back in service within hours while those with portable generators have to deal with diminishing fuel supplies and possible theft. What is easier to steal and more valuable to thieves, a portable generator or a roof full of solar cells?

    256. Re:We Wish by zildgulf · · Score: 1

      Natural gas is already cheaper than gasoline but the cost to switch my car to natural gas is cost prohibitive. It is possible to have cheaper fuels and not be able to use them effectively because all of the infrastructure is set up to use the now more expensive fuel source. America is not set up to take advantage of any fuel sources than the ones we have been using for over 50 years. When we buy cars the majority of them run ONLY on gasoline, coal fired power plants are set up to ONLY run on coal, a majority of house are set up to ONLY accept electrical power from power lines and cooking devices are either to run ONLY on electricity or ONLY on natural gas or propane.

    257. Re:We Wish by Kelbear · · Score: 1

      The concern with Peak Oil is that it can cause a shock to the global economy if oil costs skyrocket with no viable alternative.

      However, if oil costs increase, but at a slower rate, incentives for private investment in alternative energies increase proportionately. Non-oil based energy is more valuable when oil-based energy is expensive.

      So long as we don't suddenly fall off a cliff of oil supply, the world will get by. Furthermore, there is a lot of oil that is not being drawn up (oil shale for instance) because the cost of getting at that oil is too high. If oil prices are high, then there is profit, and then that oil will be drawn out. In other words, this provides a buffer oil supply against a sudden "cliff" in oil prices, providing for a more reasonable "hill", during which alternative energy research can ramp up. Regular ole' capitalistic human greed will give us alternative energy technologies eventually.

      Obviously, having alternative energy options earlier is still preferable environmentally, politically, and defensively. But financially, the value proposition is much harder to make and that's why private investment in alt. energy is relatively weak. In order to fix this and smooth the transition(and enjoy the other benefits mentioned above), a reasonable approach is to simply eliminate tax breaks for the already insanely profitable oil companies. No tax deduction for oil exploration costs for instance: http://investments-and-acquisitions.com/oil-and-gas-drilling-advantages-in-us-tax-code/

      This would level the field between oil and alternative energy. Further, we need oil, there are oil-based products we can't make without oil. Energy storage is a key issue, because having power near windfarms, sunbelts, rivers, nuclear plants, etc. is good, you'd still need to connect everything to the grid, and that includes remote last-mile areas. Battery storage just sucks, there have been only modest improvements over decades, and it's a major technological chokepoint. In lieu of revolutionary technology on par with the invention of the internet in battery tech, we still need oil. The sheer immensity of global energy demands are such that no single alternative energy tech can cover our needs. Bottom line, the world needs a balanced portfolio of energy sources for efficient and practical coverage of energy needs.

    258. Re:We Wish by randyleepublic · · Score: 1

      jesus fucking christ exactly correct fuck humans are stupid

      --
      Social Credit would solve everything...
    259. Re:We Wish by ceoyoyo · · Score: 1

      I agree with you, so long as nothing catastrophic happens, we'll just all switch to alternative sources over time. But, I think there's a great opportunity now to fund alternative energy research so that when we start building out large scale infrastructure we're going to be stuck with for a while, it's as good as possible. 20% efficient solar panels instead of 10%, for example. I think we're doing this. One potential complicating factor is that there are likely large indirect costs for using fossil fuels that are not currently being factored into the cost of their use. Other things, like gas from fracking and deep sea hydrocarbons have other indirect costs we might want to consider carefully before developing them too fully. For electricity generation, wind and solar are now competitive with gas, oil or coal and the fossil fuels are only going to get more expensive.

      The peak oil observation/theory/hypothesis/whatever seems likely to be more generally applicable to any similar nonrenewable resource. Just like oil, there are easy to obtain gas reserves and harder and harder ones, until although there might be gas still in the ground, it's cheaper to synthesize it or use something else. You could equally well talk about peak gas, or peak fossil fuels, or peak iron.

      It's interesting to see people talking about replacing oil with natural gas. In that same oil rich region I grew up in, all houses were heated with gas, most electricity was generated from gas, and even quite a few fleet vehicles ran on gas. We really only used oil for gasoline.

    260. Re:We Wish by AlphaWolf_HK · · Score: 1

      Bitcoin doesn't take any effort to obtain it. Running a computer program isn't effort.

      Yes, it does need effort. For one, you actually need the equipment to do it. Try mining gold with your bare hands.

      Second, instead of that equipment doing some other task, its time is allocated to mining.

      This is the kind of crap that members of the bitcoin bubble use to try and convince each other. To some primitive cultures, sharks teeth had a value, as a cutting tool and/or jewellery. That's intrinsic worth. In some cases they might have been bartered because of that. That doesn't make them currency. Again bitcoins have no intrinsic worth.

      Ok if you want to go that route, then consider that human teeth have been used as currency, and they don't make particularly good tools or interesting jewelry.

      I'm well aware of the size of the drug trade. But the drug trade per se isn't working in bit-coins. They love their traditional bank-notes. You mentioned one drug-dealer with a web-site. Who's clearly also a foolish libertarian who's got caught up in the bubble.

      And here's the thing: Some journalists investigating the silk road have found that those who have used it by far prefer it over traditional distribution means. Apparently it's easier to verify the authenticity of the dealer, and it's easier to track their reputation, all without ever knowing anything about who that dealer is or even a hint at where they are located. And, most importantly, apparently on the silk road, the goods they acquire are consistently of a much higher quality. The silk road is rapidly growing.

      Just like the race-track. Funny how everyone you hear from is a winner! Amazing how these sequences of bits have created value out of thin air! No one's lost any money!

      Hmm...no. People have "lost" money and always do in the same sense that you lose money if you buy a pizza. In other words, they didn't actually lose anything, they simply used bitcoins as a means to an end.

      Are you into tin-foil hats as well? Like most people here I argue about all sorts of shit. Especially when people are being dumb.

      I think what is most telling is how hostile you are towards bitcoin. Again, you have obviously devoted yourself towards seeing it fail, otherwise you'd be making no mention of it. Somebody who owns bitcoins must have kicked your puppy. Either that or more realistically you are ideologically opposed to the idea that it could eventually become mainstream, just like Krugman.

      But as I say, I actually want libertarians to continue with bitcoins. The bigger the stupidity, the more entertaining it is.

      Yeah reminds me of what creationists commonly say about evolution. They always go on and on about how it isn't proven and it's so obvious that there's a god that it's just entertaining watching them try to prove otherwise. I've even recently read one who posted a comment about what he found was the "final nail in the coffin" of evolution. Like you, they always see the vindication of a new breakthrough as a sign of failure.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    261. Re:We Wish by Ol+Olsoc · · Score: 1

      TODAY the economics are right and the technology are right for a large fraction of Americans to reduce their consumption of electricity from the grid by a very large fraction. No it doesn't completely eliminate 100% of fossil fuel usage, but it makes significant, incremental progress one house at a time without requiring large infrastructure changes or trillions of public tax dollars.

      Arguing with the Oil uber alles crowd is pointless. They move the goalposts with as much panache as the best creationists.

      The arguments are actually hilarious. Did you know that in oil world, solar panels fail immediately upon expiration of the warranty?

      No one asks for the "payback time" on an oil furnace.

      No one counts what the utilities are going to charge to run power to your house if you build it outside their regular service area.

      I was listening to a Standard gasoline vehicle versus hybrid or battery powered vehicle debate on the radio this past weekend. The Gasoline vehicle advocate rather smugly asked what the payback time was on the hybrid vehicle being discussed. He figured he had the Hybrid owner over a barrel (of oil no doubt)

      The Hybrid owner replied, "Good question, while we're at it, what is the payback period of an Escalade?"

      --
      The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
    262. Re:We Wish by BasilBrush · · Score: 1

      then consider that human teeth have been used as currency

      The foundations of your beliefs are getting more and more amusing.

      Yeah reminds me of what creationists commonly say about evolution.

      Your problem with that particular attempt at bizarro association is that I've spent a lot more time making fun of creationist beliefs than I've spent making fun of yours.

    263. Re:We Wish by Lonewolf666 · · Score: 1

      Oil is not really relevant when comparing prices for electricity generation. Coal is usually cheaper per kWh, and used much more frequently.

      There are a few exceptions, such as HECO and its subsidiaries on Hawaii, who run some power plants on oil. But those are the only oil-fired power plant I've ever read about.

      --
      C - the footgun of programming languages
    264. Re:We Wish by vandamme · · Score: 1

      I don't know where you live, but in the USA the market is mostly early adopters. Since the market is small, costs are high and red tape is abundant. This is a chicken & egg situation. In Germany they said screw it, let's have feed in tariffs instead of subsidies (which keep profits, and costs, high) and cut the red tape. Now half the country is paved with panels.

    265. Re:We Wish by bhiestand · · Score: 1

      WTF is an "Oil Company"? Companies like BP and Shell and Exxon started "getting off oil" decades ago. They're all "energy companies" now, and oil is just 1 product.

      So you're saying Exxon is an "energy company" because oil is "just 1 product"? Really? That's like saying McDonald's isn't a fast food place because they also sell bottled water. Oil and oil byproducts compose the vast majority of Exxon's operations. Natural gas too, of course, but renewables and other energy sources are pretty minor in comparison. 1%? Don't have recent figures.

      As an investor with a serious chunk of change in energy companies, I dearly wish they were this fountain of greed and profits people who know nothing about the industry imagine them to be! The energy company stocks have underperformed the S&P500 by about 30% over the past 5 years.

      Gosh, that's amazing! If you start your graph right in the middle of the great recession, it looks like the S&P 500 was doing really well and energy companies barely held. Of course, if you step back a bit you'll see energy companies did fairly well during the bust. Exxon outperformed the S&P 500 over the last 10 years (+144% vs +70%). And it yields decent dividends, too.

      Hell, Exxon is doing so terribly they can't even beat their 2008 record of $45.22 billion annual profit on $482 billion revenue. But I guess it's hard being the most profitable company in the world with a P/E of 9 when investors think facebook is worth buying at P/E of 1,800+ and 1/5th the market cap.

      We will transition when each of us as consumers finds it cheaper to transition. Neither the oil companies nor the environmentalists can or should do much to delay or hasten that day.

      While quite obviously true, you leave out one important fact: policy decisions determine which energy source is cheaper. And there is no "neutral" policy that leaves the market undistorted.

      --
      SWM seeks new sig for a brief fling
    266. Re:We Wish by Kreigaffe · · Score: 1

      The improvements in solar efficiency and price have come not through production but through research. Production doesn't drive innovation in new directions, production refines existing innovations. Solar 20 years ago didn't need refinement, it needed innovation -- you could argue it still does, but at least now it's becoming competitively priced compared to existing sources of energy.

      --
      ... still waiting for this free-as-in-beer free beer I keep hearing about. :|
    267. Re:We Wish by Ottawakismet · · Score: 1

      The prediction that Peak Oil premises all its gloom and doom on is that oil will become too expensive to use (as we do now). Its alot like Malthus' theory about agriculture, and population. However Technology is the big invisible input that breaks these pessimistic formulas down. Oil can become ever cheaper to extract, and ever more difficult and remote deposits become even more available. Peak Oil is also constantly basing its fear around the idea that there are few new deposits to be found, and the ones that could be available are not available due to security or poiltical concerns. Well, We know that there are plenty of new deposits being found, many countries that have not have reserves have found it (Israel, East Africa) in significant amounts. The world has gotten pretty peaceful, even in the darkest corners of Africa, most of the world is at peace. Angola was a country that was off the worlds markets because of security concerns, but that is a thing of the past. Tomorrow, Kenya, Tanzania, Uganda, Mozambique will all be oil producers. Even Somalia may yet have oil deposits that will be discovered when the government has become more powerful. There are still massive deposits that will be discovered. The frightful thing is that cheap oil means that we need a political consensus to get rid of fossil fuels at a drastic cost. It would be much easier if there was just an economic incentive. We dont price the costs of respiratory disease into the costs of fossil fuels at all, and we will have to as the costs of health care spiral upward. Governments are going to be desperate for more money to pay for the increasing numbers of seniors. I dont think we could change 100% to renewables, nor is it desireable. We should have enormous amounts of nuclear power and electric cars, and renewables where it is optimal and possible.

    268. Re:We Wish by Maxo-Texas · · Score: 1

      The parent post said:

      the price of gas has skyrocketed in the last decade. The price this year is close to three times what it was when I started driving (about 12 years ago, bigger difference for older folks I'm sure

      I was responding to that.

      Look- gasoline runs me $40 per week. If it was 33% less- I would be paying about $27 per week. Sorry but 10 bucks a week is background noise.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    269. Re:We Wish by Maxo-Texas · · Score: 1

      I was simply making the point that in 50 years, gasoline had only gone up an extra 1% per year over inflation. And a lot of that in the last 10 years. And a lot of that was because gasoline got so inexpensive in the 1990's that it crushed investment in new oil and refineries.

      I've seen several waves of alternative fuels come and go. They sort of kill themselves. Opec sort of kills them. And natural cyclical prices also kill them. The best thing for alternative fuels would be for gasoline to go to $8 per gallon and stay there.

      But instead, it will drop to the high $2 range for a while, then shoot up to $5 and then fall again. If it actually gets up to $8, then so much supply comes online that the price will drop to $1 for several years which kills alternative fuel.

      --
      She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
    270. Re:We Wish by ceoyoyo · · Score: 1

      Gasoline hasn't gone up at all per year over the price of gasoline. Because energy is so basic to our economies, by comparing the price of gasoline (or worse, oil) to inflation, you're almost comparing it to itself. It doesn't mean anything.

      Gasoline prices ARE probably controlled a bit at the moment because there's still lots of conventional, easy to get oil flowing out of the middle east. But we've used more than half of that, and we're on track to use the rest pretty quick. All the other sources are more expensive to get. We will be switching to other sources of energy soon. How soon, and how expensive everything gets in the meantime, depends on how quickly we develop the technology.

  2. We will by AmiMoJo · · Score: 5, Insightful

    Oil is a finite resource, it will inevitably run out eventually. In the meantime it is getting harder to get out of the ground and tends to involve us with countries we would rather not be too closely involved with.

    --
    const int one = 65536; (Silvermoon, Texture.cs)
    SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    1. Re:We will by aleator · · Score: 1

      isn't that already happening?

    2. Re:We will by Lord+Kano · · Score: 3, Insightful

      There is a lot of oil right here in North America, the advantage that OPEC has is that their countries tend to be brutal regimes that shut down environmental activism.

      LK

      --
      "Hi. This is my friend, Jack Shit, and you don't know him." - Lord Kano
    3. Re:We will by oodaloop · · Score: 1

      Like North Dakota, Alaska, Canada, and the Caribbean?

      --
      Tic-Tac-Toe, Global Thermonuclear War, and relationships all have the same winning move.
    4. Re:We will by BasilBrush · · Score: 2, Insightful

      Oil is a finite resource, it will inevitably run out eventually.

      Indeed. A better headline for this story would be "Neocon Owned Magazine Presents Cornucopian Myth."

    5. Re:We will by mellon · · Score: 4, Insightful

      Well, methane hydrates are actually a pretty plausible energy source, since if we don't mine them and global temperatures continue to go up, they will eventually wind up in the atmosphere anyway. Of course, burning them will make the CO2 situation even worse.

      The bottom line is that taking refuge in the idea that "peak oil will save us from destroying the environment" is incredibly wrong-headed. If we are concerned about global warming, we need to deal with it now and not wait. Getting rid of subsidies for oil exploration would help—a lot of this stuff would be economically infeasible compared to solar if the producers couldn't deduct the recovery costs on their taxes.

    6. Re:We will by Trepidity · · Score: 4, Funny

      Canadians are one thing, but these are Albertans we're talking about.

    7. Re:We will by sourcerror · · Score: 1

      Of course, burning them will make the CO2 situation even worse.

      Except that methane is a stronger green house gas than CO2.

    8. Re:We will by rossdee · · Score: 2

      Unless of course something happens to us in the meantime.
      (We could be wiped out by a meteor impact, or a gamma ray burst, and we wouldn't be using any more oil or coal.
      (or a plague could wipe us out...)

      Of course there is a good side - we could have a break through in fusion (or other technology that gives us lots of energy cheap) and then we wouldn't need oil either.

    9. Re:We will by Anonymous Coward · · Score: 1

      Feh, in the future, we'll just create jurassic park, mulch all those dinosaurs, and make more oil. Sure it might take some years, but it's infinitely renewable...

    10. Re:We will by sribe · · Score: 1

      Oil is a finite resource, it will inevitably run out eventually.

      Read the article. Undersea methane hydrate is not a finite resource, and thus offers the potential to burn natural gas, and pump CO2 into the atmosphere, in vast quantities, forever.

    11. Re:We will by rot26 · · Score: 1

      So in about 25 years invest heavily in earthquake mitigation technology.
      Ok.

      --



      To ensure perfect aim, shoot first and call whatever you hit the target
    12. Re:We will by mellon · · Score: 1

      If you don't burn methane and just release it into the atmosphere, it oxidizes over the course of about seven years. So whether you burn it or it just escapes on its own, the long-term effect is simply to increase the concentration of CO2 in the atmosphere.

    13. Re:We will by mellon · · Score: 1

      To be clear, my point here is that if the methane stays in the form of clathrates on the ocean floor, that's the best possible outcome.

    14. Re:We will by aminorex · · Score: 1

      Not true. The more you burn, the less warming due to atmospheric carbon.

      You said:
      : they will eventually wind up in the atmosphere anyway.
      and
      : burning them will make the CO2 situation even worse

      But in fact, per gram of carbon, methane contributes about 10x as much to warming as does carbon dioxide. Thus, the more methane you burn, the less warming occurs.

      --
      -I like my women like I like my tea: green-
    15. Re:We will by Robotbeat · · Score: 5, Interesting

      I am a physicist with no stake in nuclear energy. I doubt fusion will be better than /effective/ fission, at least for a very long time (we'd have to get to aneutronic fusion for it to be significantly better). But the good thing is that fission is /actually/ pretty darned good. Fast breeders, traveling wave, and LFTR (especially) offer enormous advantages over current designs. Heck, even more conventional modern designs are much safer. But we'll be stuck with the old ones (or nothing) because even the slightest accident (if judged by demonstrated fatalities, i.e. none in the case of Fukushima!) means the developed world runs away from nuclear power as fast as they can, largely because they don't understand it (physics is hard). Natural gas explosions happen, um, every single day and kill several people every year (and those are just the direct deaths, not counting global warming, etc).

      And in spite of huge explosions rivaling or exceeding high-profile terrorist attacks, the world is running in a full sprint /towards/ natural gas. Germany, Japan, the US... Abandoning nuclear and building natural gas power plants. Why? Probably because everyone kind of understands it. People cook with it, heat their homes with it. Nuclear still has the stigma of the Cold War nuclear annhilation, but the irony is that most newer nuclear power plants (LFTR specifically) aren't well-suited to the nuclear weapons industry.

      And by the way, nuclear is cheap. What makes it expensive is delays. Delays caused by endless lawsuits of people utterly afraid of nuclear power. And so we CAN'T build new nuclear power plants. Instead of taking 3-4 years, they take maybe 3 decades as construction is stopped by the courts until being given approval to proceed. At, say, 10% interest rate, over 25 or so years that increases the cost by /an order of magnitude/ over what it would be with a quick construction. That is 90% of the reason for the supposed high cost of new nuclear power. This is cited by opponents of nuclear power as reason for why we should oppose nuclear power, but that is, of course, a self-fulfilling prophecy because lawsuits and political opposition slow down new construction. Meanwhile, we're doubling and soon tripling the carbon dioxide levels. Old nuclear power is cheap, still, because it has been operated for many decades and like renewables its upkeep and "fuel" cost is very low. Which is partly why utilities don't like them, since they have big upfront costs (like renewables) and the lack of fuel costs isn't a huge deal for them since they can just pass that on to the consumer. Both nuclear and renewables have too long of payback periods to satisfy investors wanting 10,15% annual returns. But for an economy growing at a moderate rate, even 5% return is plenty.

      There's enough thorium to last hundreds of millions of years. We most certainly won't be the same species by the time we run out of nuclear fuel, and because of the recycling of the Earth's crust, there'll be more available by the time run out. Of course, the easiest to get stuff is still plentiful, and the tiny contribution of fuel costs to nuclear power generation is why thorium isn't looked at more closely. Also, LFTR reactors can burn up our old nuclear waste, so building new LFTRs would actually /reduce/ the long-term nuclear waste. They can burn up all the long-term waste so that only medium-term waste (which decays fairly rapidly, i.e. half-lifes of decades instead of thousands of years) is produced, which we can deal with until it decays to low levels.

      That said, I support renewables. An idea I'd like to see more of is hybrid geothermal and photovoltaic power plants co-located using the same infrastructure. Geothermal can act as storage or backing power for when the sun don't shine, and solar makes geothermal last longer. Solves lots of problems.

    16. Re:We will by skine · · Score: 2

      Albertans love burning oil so much that their two professional sports teams are called the Oilers and the Flames.

    17. Re:We will by Khashishi · · Score: 1

      Fast breeders are much more dangerous than light water reactors. If a LWR goes supercritical, then the boiling of the water tends to separate the fuel enough to slow down the reaction. In a fast breeder reactor, you have to depend on thermal expansion to stop the reaction or else boom. The radiation released into the environment is potentially several orders of magnitude greater in a fast breeder accident.

      Another possibility is fission-fusion hybrid, where fission is kept subcritical and fusion is used to generate the excess neutrons needed for destruction of nuclear wastes. The concept is a lot safer than a fast breeder reactor.

    18. Re:We will by mellon · · Score: 1

      If you are referring to the warming that occurs before they have completely oxidized, sure. But that's a temporary effect. Mining and burning them is way worse than keeping them on the ocean floor, and only slightly better than them releasing into the atmosphere due to warming.

    19. Re:We will by Lord+Kano · · Score: 1

      Not that anyone asked but I'm in favor of an "all of the above" approach. Continue to exploit current hydrocarbon sources, use nuclear, use solar, use wind, use geothermal and use emerging technologies to make other methods more environmentally friendly.

      LK

      --
      "Hi. This is my friend, Jack Shit, and you don't know him." - Lord Kano
    20. Re:We will by dkf · · Score: 1

      And by the way, nuclear is cheap. What makes it expensive is delays. Delays caused by endless lawsuits of people utterly afraid of nuclear power. And so we CAN'T build new nuclear power plants. Instead of taking 3-4 years, they take maybe 3 decades as construction is stopped by the courts until being given approval to proceed. At, say, 10% interest rate, over 25 or so years that increases the cost by /an order of magnitude/ over what it would be with a quick construction. That is 90% of the reason for the supposed high cost of new nuclear power. This is cited by opponents of nuclear power as reason for why we should oppose nuclear power, but that is, of course, a self-fulfilling prophecy because lawsuits and political opposition slow down new construction. Meanwhile, we're doubling and soon tripling the carbon dioxide levels.

      This suggests that the real way forward is to use lawsuits to stop new coal, oil and gas plants! Fight fire with writs! Bwahahahahaa!

      Sorry. Just had to let a quick evil laugh out there.

      --
      "Little does he know, but there is no 'I' in 'Idiot'!"
    21. Re:We will by AmiMoJo · · Score: 1

      "Slightest" accident? You mean vast areas of land either uninhabitable or habitable but worthless, hundreds of billions of Euros/Dollars in damage, 40+ years minimum to clean up and we still don't fully understand what happened? Not to mention what has happened to the people living near Fukushima.

      This obsession with deaths as a measure of badness is highly misleading. For what it's worth every single LFTR build so far has had major problems that are still unsolved, so good luck getting anyone with the tens of billions needed to commercialize it to invest.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    22. Re:We will by knobboy · · Score: 1

      Of course, the Flames were from Atlanta before they were from Calgary. Not sure they burn much oil down there.

  3. global warming by gbjbaanb · · Score: 1, Interesting

    what happens is we continue to convert carbon from lumps of matter stuck safely away under the ground to free floating carbon in the atmosphere and we slowly cook ourselves in a greenhouse of our own making, of the additional energy absorbed in the atmosphere doesn't cause such dramatic weather extremes that we starve/drown/fight each other to death first!

    1. Re:global warming by Big+Hairy+Ian · · Score: 1

      Don't worry about the Government denying you permission for an offshore wind farm. In a hundred years all the wind farms will be off shore :)

      --

      Build a Man a Fire, and He'll Be Warm for a Day. Set a Man on Fire, and He'll Be Warm for the Rest of His Life.

    2. Re:global warming by judoguy · · Score: 1

      ...and we slowly cook ourselves in a greenhouse of our own making...

      I wish! I'm sitting in southern Minnesota watching the snow fall on the first of May.

      Cartoon characters promised me three things I haven't gotten, dammit!

      The Jetsons promised me robot maids and flying cars. Al Gore promised me global warming. Where ARE these things?!?

      --
      Peace is easy to achieve, just surrender. Liberty is much harder get/keep.
    3. Re:global warming by JTsyo · · Score: 1

      sequestration - no not the government version.
      Really these are problems we should face now instead of pushing it onto future generations when they grow even bigger.

    4. Re:global warming by gbjbaanb · · Score: 1

      that is global warming - unless you're one of the idiots who think GW means sunny days on a beach forever.

      Here in the UK we've been having crazy weather, snow in April, rain like we've never experienced, etc.. all because the gulf stream has shifted south (meaning countries like Spain have gotten even warmer weather making them hotter and drier than usual) and the reason the gulf stream has gone south is because the Arctic ice is melting and producing cold air in the north.

      Everything is connected, you're seeing something similar - like the farmers in the midwest who are seeing flood conditions, or the Indiana farmers getting desert conditions instead of the rain they usually get.

  4. To answer your question with a question, by Anonymous Coward · · Score: 1

    What if the moon is made of cheese?

    1. Re:To answer your question with a question, by Chrisq · · Score: 2

      What if the moon is made of cheese?

      Well the calorific value of cheese would give us a virtually limitless energy supply. With a supply of liquid oxygen burning cheese could probably be used to power moon to mars missions.

    2. Re:To answer your question with a question, by Dcnjoe60 · · Score: 1

      What if the moon is made of cheese?

      Well the calorific value of cheese would give us a virtually limitless energy supply. With a supply of liquid oxygen burning cheese could probably be used to power moon to mars missions.

      Then again, as the mass of the moon is decreased by its use as a fuel source, the environmental impact on the earth will be severe.

  5. Roast by mdm42 · · Score: 1, Informative

    We all get to roast in the human-induced Global Climate Change that results form dumping all that C into the atmosphere. More realistically, we get to starve as our crops and farming methods fail to cope with the variability implied by climate change, aggravated by the terribly, dangerously narrow genetic diversity in agricultural varieties in use because we've allowed major corporations to "patent" and "exclusively license" the genestock that feeds us.

    --
    New mod option wanted: -1 DrunkenRambling
    1. Re:Roast by erroneus · · Score: 2

      And it's not like the decision makers haven't been informed of the consequences. They just felt the money was better for the moment.

      It's literally sickening.

    2. Re:Roast by DeathToBill · · Score: 1

      Yes, but an interesting public-sentiment pointer that such a question can be asked on /. without mentioning climate change.

      --
      Slashdot - News for Nerds, Stuff that Matters, in ISO-8859-1 Has just realised that beta makes this signature redundant
    3. Re:Roast by lessthan · · Score: 3, Insightful

      The free market is not the answer. The free market may be the efficient decision maker, but it lacks the things we say makes us human. The free market has no empathy, compassion, intelligence, foresight, or shame. Would you ask a person lacking those trait to be your boss?

      --
      Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
    4. Re:Roast by dkleinsc · · Score: 3, Insightful

      The best "decision" we could make as a society is to get rid of all the government distortions in the market.

      There has never been a society with both a functional government and no government distortions in the market. That's because *any* government action distorts the marketplace.

      If the government has a police force to enforce laws, suddenly there's a demand for cruisers, tasers, nightsticks, pepper-spray, etc that wasn't there before, distorting the market. If the government has a fire department (with a very real government interest that its cities don't burn down), there's a demand for hoses, trucks, pumps, hydrants, etc that wasn't there before, distorting the market. If the government builds a road (to ensure that its police and fire departments can get to where they're needed), that distorts the property values around the road (e.g. look at what happens at nearly every exit ramp of major highways). If the government fights a war, that causes major distortions in the markets for clothing, weapons, ships, fuel, food, and just about everything else. If the government sets up any kind of court system, then that creates an entirely new market for people who know how to navigate that court system (a.k.a. lawyers). And of course any kind of tax or fee system set up to pay for the government's existence also distorts the market.

      And that's just the basic functions of what we typically see has government.

      There's a legitimate question of whether a government should have specific involvement in the energy sector. But the idea that there can be no government distortion of the free market is simply wrong.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    5. Re:Roast by Hatta · · Score: 1

      The worst part of it all is that he's exactly right.

      --
      Give me Classic Slashdot or give me death!
    6. Re:Roast by PoolOfThought · · Score: 1

      The free market is not the answer. The free market may be the efficient decision maker, but it lacks the things we say makes us human. The free market has no empathy, compassion, intelligence, foresight, or shame. Would you ask a person lacking those trait to be your boss?

      The free market isn't anyone's boss. That's the beauty of it. It's a system in which people operate, but it's not the boss... so you can't exactly make that jump. But since your brought up those who understand what it is and create / manage things that people need / want will make excellent bosses. They'll make the kind of bosses that can do useful things like, for example, make payroll because they actually produce something that someone else in the market finds valuable. Not only that, but the people who actually understand the free market are those that have all those attributes you mentioned above... because all those attributes play in to how people interact with each other in that market.

      An also, since you asked, I'll say this. I can think of a worse boss than the free market that will, atleast, in theory reward those who provide value and ignore / punish those who do not. The free market will stay the hell out of the way and let me get my work done and be judged on my results. But maybe you'd prefer a boss who only has empathy for those who can help them get (re)elected, only has compassion when it suits them politically, has lots of intelligence (but an agenda to go along with it and that agenda only includes you as long as you're "useful" [not profitble... just "useful"]), has foresight in staggering amounts and actually plans problems so that they can manipulate others into reacting rather than actually prevent problems, and who also has no shame.

      The fact is that the free market only works if we can get your kind of boss to quit getting involved in the market. If someone is artificially tipping the scales then it's not a free market. That's what user moeinvt was saying, but you completely ignored that point when you responded.

      --
      My present is the activity I am currently engaged in with the purpose of turning the future into a better past.
    7. Re:Roast by PoolOfThought · · Score: 1

      There has never been a society with both a functional government and no government distortions in the market. That's because *any* government action distorts the marketplace.

      It almost seems like you think that any adaptation by the market is a distortion by the agent the precipitated the adaptation of the market. But, I assume you don't actually think that way because if you did then you'd also believe that ANY event distorts the market - even by a given individual, not just the government. That is, if I decided I wanted a tree cut down all of a sudden I've somehow distorted the tree removal market by getting involved. Or if I want my ass scratched for me that I've distorted everything because an ass scratcher didn't even exist until I said I wanted to buy one. But so far as I can tell, you're only blaming the government in your distortion discussion so you're obviously not going to subscribe to the idea that ANY event distorts the market... after all... if that were the case there'd be no actual free market because it'd be getting distorted by everyone anytime anyone made any decision.

      Did viagra distort the market for get 'er uppers when they came on the scene? Of course not. The drug was only invented because there was a market (known or unknown - talked about or all hush hush - doesn't matter). The market was there even though no one thought about it consciously or talked about it at all. Surely they didn't distort anything by simply giving people a product they wanted. So why are all these other example you mentioned any different? I know why, and I'll say so at the end, but humor me.

      If the government has a police force to enforce laws, suddenly there's a demand for cruisers, tasers, nightsticks, pepper-spray, etc that wasn't there before, distorting the market.

      This could just as easily have happened if the people of the community got together and decided to create a local security force... like a volunteer police force. Nothing was created by the government in this example that would not be created by a private venture to do the same thing. And guess what, if the government didn't want to do it, and the people wanted protection, I can promise you that someone would step in and do the job. The government didn't create that market... it was there with or without them.

      If the government has a fire department (with a very real government interest that its cities don't burn down), there's a demand for hoses, trucks, pumps, hydrants, etc that wasn't there before, distorting the market.

      Two issues here. First, the city doesn't belong to the government (possession).

      Second, again, no one distorted a market. A market was essentially created... or it could be argued that the market came to visibility. Much like the police item already discussed, the decision to create a fire department whether public or private would cause the market to change. It wasn't the government that created the market... it was the need for service that created the market. There was nothing preventing the cities from having their own fire department or just not having one at all. This happens all the time in rural areas.

      If the government builds a road (to ensure that its police and fire departments can get to where they're needed), that distorts the property values around the road (e.g. look at what happens at nearly every exit ramp of major highways).

      This is getting old, but citizens can build roads too. And if they're needed bad enough the citizens of an area will do it. Maybe in the case that the road was between two far away places (interstate) you have an arguable point, but that's the best you get, is arguable. I'd say (1) that the government doesn't have to be involved, but since they are (2) the market was obviously there. Unless the government is in the business of building roads to nowhere and for no reason then there was a value in having the road. The market va

      --
      My present is the activity I am currently engaged in with the purpose of turning the future into a better past.
    8. Re:Roast by lessthan · · Score: 1

      I was focused on his second paragraph, which appears to be a common libertarian myth. 'A free unregulated market will solve many economic issues.' A myth that is a total lie perpetuated by the exploitative and their sucker followers.

      I was also creating a metaphor. The free market is indeed a system. Systems have rules. There are actions dictated by the rules, almost like a boss telling you what to do and when to do it. Therefore, a market is a boss.

      I'm a little confused about the next bit of your post though. I think you said that you'd be fine with a sociopath as a boss. Someone who understands and pursues a free market outlook knows that extracting the most work out of the least people, to make the cheapest useable product possible, is the way to win in that market. Ah, I reread what you wrote. You are saying that a boss who understands the market would have the positive qualities I mentioned. That is a baseless assumption. People tend to cede their moral responsibility to the groupthink.

      then it's not a free market

      That is the "one, true Scotsman" fallacy. We have had mostly free markets before and they tend to monopolies. Once a monopoly is established, quality decreases in the product, as well as pay and overall worker welfare. You need look at history and grasp the cheapness of human life.

      --
      Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
    9. Re:Roast by microbox · · Score: 1

      The best "decision" we could make as a society is to get rid of all the government distortions in the market.

      Can you see the extremism in that view? Hayek himself was bullish about government involvement in the economy where appropriate.

      What you espousing is anarchy -- just like Marx. Did you know that?

      There is a whole world out there to learn about. Yolo.

      --

      Like all pain, suffering is a signal that something isn't right
  6. We turn the planet into Venus by Anonymous Coward · · Score: 5, Insightful

    What happens if we don't run out of oil? We continue to pump out CO2 until we turn the planet into Venus. Switching to renewables isn't just about running out of oil.

    1. Re:We turn the planet into Venus by voss · · Score: 4, Insightful

      Thats a bit egotistical. The co2 being pumped out will only continue until a massive dieoff because the weather becomes too hot for human food crops and nature will right itself in 10 or 20 thousand years with a lot less people on it. Overpopulation and global warming solved...the hard way.

    2. Re:We turn the planet into Venus by jamesh · · Score: 1

      Thats a bit egotistical. The co2 being pumped out will only continue until a massive dieoff because the weather becomes too hot for human food crops and nature will right itself in 10 or 20 thousand years with a lot less people on it. Overpopulation and global warming solved...the hard way.

      Depends... if the place warms up enough before it starts cooling down, too much of the oceans will evaporate, and water vapor is a strong greenhouse gas so it will just keep getting hotter.

    3. Re:We turn the planet into Venus by MrVictor · · Score: 1

      More like a 20 to 30 million year recovery. And more like 0 humans left. Extinct.

      The Clathrate gun hypothesis

    4. Re:We turn the planet into Venus by denis-The-menace · · Score: 1

      I remember watching a video on LFTR reactors that said until the energy density of batteries matches and surpasses the density of Diesel or Gas, we will stay with Diesel or Gas for vehicles.

      What the video proposes, however, is to extract the CO2 from the air to create Sweet crude or diesel directly using the high heat (700-900C) from the LFTR reactor. The technology exists but the cheap source of heat doesn't at this time.

      Hopefully the Chinese will figure out how to upscale LFTR reactors to utility size because the US is too busy making Banks and Wall street happy.

      --
      Obama's legacy: (N)othing (S)ecure (A)nywhere and (T)error (S)imulation (A)dministration
    5. Re:We turn the planet into Venus by Hatta · · Score: 1

      "The planet is fine. The people are fucked!" -George Carlin

      --
      Give me Classic Slashdot or give me death!
    6. Re:We turn the planet into Venus by ebno-10db · · Score: 1

      Depends... if the place warms up enough before it starts cooling down, too much of the oceans will evaporate, and water vapor is a strong greenhouse gas so it will just keep getting hotter.

      It won't endlessly get hotter. During the Paleocene–Eocene Thermal Maximum there were crocodiles in the arctic, but it was only a temporary (in geologic terms) situation. Of course there were large scale extinctions, and it's likely much of humanity wouldn't survive such a situation, but it won't be the end of (non-human) life on earth. One possible scenario is that with all those southern folks wanting to move north, we'd have nuclear war. Then we'd get to test the hypothesis that nuclear winter is the solution to global warming.

    7. Re:We turn the planet into Venus by jamesh · · Score: 1

      Depends... if the place warms up enough before it starts cooling down, too much of the oceans will evaporate, and water vapor is a strong greenhouse gas so it will just keep getting hotter.

      As water vapor becomes more prevalent it will begin to reflect more than it traps, so the net effect of massive cloud cover is going to be cooling, not runaway heating...

      Source: http://earthobservatory.nasa.gov/Features/Clouds/ "The overall effect of all clouds together is that the Earth's surface is cooler than it would be if the atmosphere had no clouds."

      If the temperature increases then the air can support a larger amount of water vapor without the humidity increasing, so it doesn't necessarily follow that there will be an increase in cloud cover.

    8. Re:We turn the planet into Venus by mark-t · · Score: 1

      Plus, we're nearly twice as far from the sun, and thus being exposed to much less heat from the sun anyways.

      Realistically, even a runaway greenhouse effect happening on Earth would not cause temperatures to skyrocket more than a few degrees above what we have right now.

      Still definitely catastrophic, but not to the point of being all-out apocalyptic.

    9. Re:We turn the planet into Venus by Rakarra · · Score: 1

      Nerds are the perfect example of the beta or omega male. Betas and omegas, or as some call "nice guys"

      You don't really know many nerds, do you?

  7. Re:oil by SJHillman · · Score: 1

    The sun always shines, it just doesn't always make it to the ground where it's currently needed. However, we're working around that by planning huge solar arrays in places where it's almost always sunny like the Sahara and the American Southwest and then transmitting that electricity to where it's needed. Another proposal that's a little further out is to have huge solar arrays in space and then beaming it down to receiving stations on Earth (usually as microwave energy).

    Personally, I'm hoping we find a way to have small, affordable fusion reactors in our basements to power the house and the car charging port in the garage. Giving each house or neighborhood its own source of electricity (assuming we can do it cheaply enough) would solve a lot of issues with transmission, etc.

  8. Run Out? by gninnor · · Score: 3, Insightful

    I doubt we will ever run out. What will happen is that it will become more expensive as the low hanging fruit gets used up and efficiency and alternatives become a better bang for the buck and we migrate to other technologies. I'd rather be on the early adopters end of this one.

  9. Electric offers many advantages by fyngyrz · · Score: 1

    It's not just about supply. It's about the work you have to do to get to that supply. Deep sea mining? Compare that to an array of solar cells in the desert. Heck, compare just about anything to an array of solar cells.

    We're steadily making inroads on every issue electric has (primarily generation, storage, transmission); and in the interim, the end user already has many advantages. Huge torque from initial RPM for motors (you want a fast car? Electric is your friend. You want individual wheel drive? Electric is perfect. You want efficiency? Electric motors are right up there. Etc.) efficiency for light and other applications. You want a device? Electric is what it'll almost certainly run on.

    Right now, we need fossil fuels for other things: plastics, lubricants, etc. But even that will probably come to an end, assuming we can get to mining resources from outside our gravity well. That's a long way out right now, but it seems inevitable once we establish a real presence. Zero pollution, zero land disturbance, zero waste products, transport cost of "shove once"... sensors will advance so that asteroids and such can be interrogated at a distance, basically spectrometer type data, give us a good hint of where to go for what...

    Eventually, tech will change everything, just as we've seen in the past. Prediction is almost always disrupted by tech. I mean, it's fun to engage in, but if you look back at various predictions from pundits, SF authors, etc... didn't turn out that way.

    --
    I've fallen off your lawn, and I can't get up.
    1. Re:Electric offers many advantages by Xest · · Score: 3, Interesting

      One thing I've always wondered about regarding large desert solar arrays, is what happens when there's a sandstorm? I mean, what fills the generation gap when the sky is blanked out, and how does sand get removed from the array afterwards? Are the panels safe from damage from the scraping of sand being blown about or will this damage them? Will the weight of deposited sand after a sandstorm cause them to break or collapse?

      I think people assume solar arrays in deserts are a magical problem-free solution, and I understand not all deserts are prone to particularly bad sandstorms, but the sahara is and it's often cited as a place for such a solar array. Has any effort been made into researching and finding solutions to such problems?

    2. Re:Electric offers many advantages by SirGarlon · · Score: 1

      Dude, "electric" is an adjective.

      --
      [Sir Garlon] is the marvellest knight that is now living, for he destroyeth many good knights, for he goeth invisible.
    3. Re:Electric offers many advantages by nojayuk · · Score: 3, Interesting

      The SEGS http://en.wikipedia.org/wiki/Solar_Energy_Generating_Systems in California near Edwards Air Force Base uses pressure washer systems to wash sand and dust off the heat-concentrating mirrors. They use water from the local desert aquifer which is running out. They also use water from that aquifer to cool the condensers on the output side of their steam turbine setup since there's no convenient river or ocean to dump the heat into.

    4. Re:Electric offers many advantages by indeterminator · · Score: 1

      It's not really that complicated, take shovels and brooms and go dig them up. The world's population is still increasing, there won't be a shortage of manual labor.

      The generation gap would have to be handled by the same system that takes care of nights. Or alternatively, non-critical functions of the society will stop for a moment. Office slaves will have a day off from that cold white LED glow of their workstations, and will get some time to enjoy the company of their families and friends. Temporarily running out of electricity won't be the end of humanity. Until/unless we get usable fusion power, we may just have to adapt.

    5. Re:Electric offers many advantages by tibit · · Score: 2

      Individual wheel drive as usually envisioned is silly. Yeah, it looks cool to have a direct drive motor on a wheel assembly But that's unsprung mass and you want to reduce it, not add to it. Once you have to get power to the wheel through a driveshaft of one sort or another, there's no point in having individual anything as it just adds duplicated mass for stuff like housings, mounting, etc. One motor, one gearbox, and two wheel drive right where the motor is - that's what's the most economical in any and all terms: weight, material cost, servicability, etc. RWD with motor in the front is heavier, AWD is heavier, one motor per wheel is heavier, and so on. About the only cheaper but worse handling solution than FWD is to have RWD with a solid (straight) axle and rear-mounted motor. You save some weight by not having four sets of universal joints. That's about all of the optimization you can do in an electric car.

      There's a point at which you're talking about really small number of moving parts compared to anything with a conventional ICE, and the point of diminishing returns is staring right at you. Just count the number of rolling contact, spline and friction interfaces between the piston and the wheel in a conventional FWD car. An electric car cuts this by an order of magnitude!

      --
      A successful API design takes a mixture of software design and pedagogy.
    6. Re:Electric offers many advantages by fyngyrz · · Score: 1

      You're making two technology related errors.

      First, you're making invalid assumptions about motor weight. Second, you're making invalid assumptions about total unsprung mass based upon our current (and I use that word loosely... I mean, we're talking early 1900's here) *very* heavy tire tech. It's quite possible to put motors on every wheel -- which, btw, can remove the need for a brake assembly, there's a mass savings right there -- and still have a very light total mass, even with today's tech, although not with mass market tech. Once you have motors on all wheels, you have amazing options for skid control, you (obviously) have 4wd, which is highly desirable in many markets (you can't drive in the winter here without it on many days), and as mentioned previously, you have amazing torque and available power to the wheels. You can put the power supply low in the vehicle, which contributes stability, and nearly the whole car becomes electrical, lots of moving widgets eliminated. And to top it off, it's *mucho* more efficient than an IC-driven vehicle.

      --
      I've fallen off your lawn, and I can't get up.
    7. Re:Electric offers many advantages by tibit · · Score: 1

      I'm making assumptions based on what you can actually buy or have custom made. You are referring to stuff that doesn't exist. I for one would like our tires to last at least 40,000 miles and survive a few curb hits.

      --
      A successful API design takes a mixture of software design and pedagogy.
  10. Most Simple by willy+everlearn · · Score: 1

    If we do not get off carbon fuel we selfish parents leave a dying world to our children, grandchildren, great-grandchildren.

    --
    No hour on a horse is ever wasted. Winston Churchill
  11. I wish we ran out of oil by erroneus · · Score: 1

    Fact is, we are and we have put too much crap into the air. The weather is changing. With that change, the food supply is in jeopardy. But it's all pretty well timed as everything else seems to be collapsing at a faster rate not the least of which is the economy. Do you think Europe is in a bubble? It's coming for us in the US soon.

    1. Re:I wish we ran out of oil by tibit · · Score: 1

      Oh, the US has simply exported its bubble, and a lot of Europe went for it hook, line and sinker. US exports its culture and media quite aggresively -- what, you don't think it has an impact on lifestyles and fiscal policy in Europe? Go to any ex-eastern-bloc country and look at how the teenagers there dress. It's as if a thousand US sitcom casts had escaped onto the streets mid-shoot. The clothing is merely a superficial aspect of a much broader trend.

      --
      A successful API design takes a mixture of software design and pedagogy.
    2. Re:I wish we ran out of oil by moeinvt · · Score: 1

      Exactly. That's why I don't give a damn about "climate change" and strongly oppose any more government control over the population.

      We either see a collapse of the monetary and political system and widespread civil unrest OR we end up in a police state where the vast majority of the population lives in servitude with subsistence-level food and energy resources.

      Either way, there is going to be a precipitous drop in energy consumption.

    3. Re:I wish we ran out of oil by erroneus · · Score: 1

      The future is hard to see but somehow I get visions similar to that scene in "Full Metal Jacket" where the punch line was "It's easy. You just don't lead them as much." Only in the future, it will be starving people in food riots. And the gunner is just thankful he has a government job.

  12. Obvious by O('_')O_Bush · · Score: 1

    Unless we find a way to sink as much carbon as we extract and convert to CO2, it should be obvious what would happen. More AGW.

    --
    while(1) attack(People.Sandy);
  13. Revamping form oil to gas is not so hard by Andover+Chick · · Score: 1

    Granted revamping the grid to go to solar is big. But revamping to go to methane from oil is not a big deal. Both use the same concept - super heat water until it become high pressure steam which then drives turbines. Only the burners need to be changed. My dad worked for Boston Gas as an engineers for 40 years and I remember him talking about industrial sites which had the ability to switch back-n-forth between oil/gas depending which was cheaper.

  14. Economics by Registered+Coward+v2 · · Score: 5, Insightful

    There are a couple of economic reasons that will drive renewable adoption:

    It's not the size of the reserves but the cost of extraction that will drive adoption of renewables. As long as natural gas is cheap (and prices can be hedged) utilities will build natural gas plants at the expense of renewables. If prices rise sharply, gas becomes less attractive (since much of the cost per KW is for fuel) and other energy sources become viable options.

    The energy density of the energy source. If a lot of space is required per BTU fossil fuels will dominate in many places. For example, a gas plant is relatively compact compared to a wind farm of similar capacity; so it is much easier to acquire land for a gas plant. For small scale uses, such as automotive or home fuels, the ability to get a long range or have a reasonably small supply pipe vs large panels favors fossil fuels currently. The economic driver here is "what fuel source gives me the best return on my needs;" such as the ability to travel or not want a roof full of solar panels.

    Economics is what limits OPEC's ability to rise prices - eventually alternatives are viable on a cost basis as well as an energy self sufficiency one.

    Quite frankly, global warning is not as major concern to most people than the ability to afford fuel drive, cook, and heat their houses; so selling renewables on that basis is very difficult.

    --
    I'm a consultant - I convert gibberish into cash-flow.
  15. ~4B barrel increase is minimal help by armahillo · · Score: 4, Informative

    http://www.eia.gov/dnav/pet/pet_cons_psup_dc_nus_mbbl_a.htm

    Last year, we consumed 6.8 billion barrels of oil. This has been a pretty consistent average over the past 5 years, all things considered (5 years prior it was 7.5B, but seems to mostly fluctuate around 7B). And this is US consumption *alone* -- not even factoring in the increased rate of Chinese consumption, or any of the European, African, Asian, Australian, South American nations (Antarctica gets a pass, because it's effing cold down there and they can use a little oil to not die while watching penguins)

    7.4B to 11B barrels is 2 years AT BEST if we pare down our oil consumption. Then those resources are GONE.

    Considering "oh, but there might be more than we think left over!" is pretty pointless when we alone are consuming oil at this rate. Absorbing the mild inconvenience of reducing our oil consumption should be priority #1 for all of us. It doesn't solve the problem but it will (a) give us a *little* more time to get off the sauce and (b) start altering our habits and consumption practices in a direction that will prepare us for the inevitable end of oil reserves, which are guaranteed to happen someday.

    1. Re:~4B barrel increase is minimal help by RKThoadan · · Score: 1

      That's kinda why the article focuses so much on methane hydrates. I don't like the environmental impact but as a petroleum reserve it's a massive game changer. Consider this from page 3:

      "Estimates of the global supply of methane hydrate range from the equivalent of 100 times more than Americaâ(TM)s current annual energy consumption to 3 million times more."

  16. We will never run out...But by ndavis · · Score: 1

    I had a Geologist come into my class once and state "We will never run out of oil, but it will become so expensive to extract that no one will pay for it." I think this quote is fairly true eventually oil will become so expensive that we will only use it when necessary and we will never be able to pull it all out of the ground.

    Granted this could happen centuries from now but it does not mean we should not be looking to other ways of producing power so we can use oil in other ways after all we are using over 80 million barrels a day (last time I checked) and we can't support that type of production forever.

  17. Two possibilities by GameboyRMH · · Score: 1, Interesting

    We use all that oil to make ourselves a Blade Runner/Terra Nova/Modern Chinese environment, or we save it, preserve the planet and use the massive fossil fuel reserves responsibly for space exploration.

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
  18. Re:oil by mellon · · Score: 1

    Huge solar arrays in space also double as an excellent weapons platform. I wouldn't expect that to happen anytime soon, even though it's a cool idea in principle. In any case, it's not needed—we can generate what we need on the ground. Mr. Fusion would be nice too...

  19. Re:I'm confused by mellon · · Score: 1

    Storage is the problem. There are lots of solutions, but they haven't been implemented yet.

  20. Atlantic article a thinly veiled propaganda piece by gestalt_n_pepper · · Score: 4, Insightful

    The major oil companies are promoting "No peak oil" stories to influence google results. They need to do this to keep asset prices up, soothe investors and keep the financing on which they depend flowing.

    For a numerate look at exactly what we're facing, start here: https://en.wikipedia.org/wiki/Cubic_mile_of_oil

    "Peak oil" itself is a bit of a straw man. The problem is declining net energy from hydrocarbons. Net energy from shallow easy wells that produced light sweet crude was great. Net energy from deepwater gulf wells producing heavy sour crude or oil sands where the bitumen has to be heated in order to be liquid? Not so great.

    So bottom line. The absolute quantity of net energy in the first half of the oil on the plant is much greater than the net energy in the second half. Oil supply is NOT the same as energy supply.

    --
    Please do not read this sig. Thank you.
  21. Carbon fuels only seem cheap by Gnascher · · Score: 1

    Even if we found out we had an unlimited supply of carbon-based fuels, if you factor in all of the associated costs with burning them (production, transportation, environmental, health) ... it turns out they're not really that cheap.

    Unfortunately, we don't factor in ALL fo the costs into the price of our 'cheap' fuel sources ... we're incurring a huge debt because of it, and the books are going to balance sooner or later. The environment will get its pound of flesh.

    --
    It's not my fault! It was this way when I got here.
  22. Cost of Extraction by PvtVoid · · Score: 1

    The only reason that things like shale oil and tar sands are economically viable is because the price of oil is so high. Bring oil back down under $50 a barrel or so, and it will be too expensive to extract. Undersea mining? Good grief!

    1. Re:Cost of Extraction by aminorex · · Score: 1

      There's your solution to AGW! Pass a law setting the price of oil at $50/bbl. It's a win-win! :Bring oil back down under $50 a barrel or so, and it will be too expensive to extract.

      --
      -I like my women like I like my tea: green-
  23. Remarkably stupid question. by sidragon.net · · Score: 1

    This is tantamount to taking drinks from a bottle of water, and asking yourself if the bottle will ever become empty.

    Yes, if our consumption of oil and other fossil fuels continues, unabated, they will eventually run out. You can debate when that'll happen, but it's inevitable.

    1. Re:Remarkably stupid question. by operagost · · Score: 1

      Yes, if the bottle was suspended in the air and invisible, so that you could neither see nor feel how much was left in it.

      We don't even know how petroleum is created. The "dead dinosaur" theory is really just a guess that's been repeated to generations of schoolchildren as if it were fact. It could be that more of it is being "manufactured" under our feet right now.

      Now, that doesn't mean that I want us to continue using oil; it's clear that, no matter how much is left, it's getting harder to retrieve. My mission is to stop people from repeating pseudo-scientific nonsense and acting indignant when the public shows healthy skepticism.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
  24. To the limit of absurdity... by dpilot · · Score: 1

    How much oxygen do we have, and how does that compare to the supposed quantity of fossil fuels?

    The Earth originally had a reducing atmosphere, and the fact that we now have an oxidizing atmosphere is because it has been "bioformed". Biological activity yanked the CO2 and other stuff out of the atmosphere, locked it away in some other form, and released O2, leaving us with the combination of nitrogen, oxygen, water vapor, and other traces that we consider - pleasant and essential.

    By burning fossil fuels we're essentially reversing that process. It's worth noting that those biological processes are still ongoing and to some extent auto-compensating. But one could make the case that by going after every last scrap of fossil fuel we would at the same time be going after every last scrap of O2 as well.

    It's a rather simplistic argument, I'll agree. But we make far too many policies based on unrecognized externalities and the assumption of an abundant and inexhaustible biosphere. Most likely "using up all of the O2 with fossil fuels" is absurd, but perhaps "doing something to measurably reduce worldwide O2" isn't, and I would suspect that high-altitude nations would be as upset by this as sea-level nations are by current global warming issues.

    --
    The living have better things to do than to continue hating the dead.
    1. Re:To the limit of absurdity... by maxwell+demon · · Score: 1

      By burning fossil fuels we're essentially reversing that process. It's worth noting that those biological processes are still ongoing and to some extent auto-compensating.

      But we are actively working on stopping that compensation by destroying the rainforest, which is not only one of the most important CO2 sinks, but also one of the most important O2 sources.

      --
      The Tao of math: The numbers you can count are not the real numbers.
    2. Re:To the limit of absurdity... by dpilot · · Score: 1

      I agree. I thought about bringing that up, but felt it would dilute my main point.

      --
      The living have better things to do than to continue hating the dead.
    3. Re:To the limit of absurdity... by DeathGrippe · · Score: 1

      As the amount of carbon in the biosphere increases as CO2, the total biomass will increase to absorb it via photosynthesis, but it will also produce oxygen. Green plants convert CO2 to sugars and cellulose, but produce oxygen by splitting water in the process, so there is probably plenty of oxygen available.

      6 CO2 + 12 H2O + photons C6H12O6 + 6 O2 + 6 H2O

      The net effect will be to return the planet to a state that existed a hundred millions of years ago, when much of the planet was a steaming jungle.

    4. Re:To the limit of absurdity... by dpilot · · Score: 1

      That assumes you're not busy clearing Amazon rain forest, turning US farmland into housing projects and parking lots, etc.

      The same mentality that doesn't believe global warming is real and anthropogenic is likely to believe that anthropogenic influences on global O2/CO2/H2O are also negligible.

      --
      The living have better things to do than to continue hating the dead.
  25. Short-sightedness of the market by blue+trane · · Score: 1

    If capitalism doesn't provide a profit motive to develop alternative forms of energy, government should.

    We can create money to fund research into ideas that the free market doesn't immediately reward. The Fed creates money now; but it goes to the banks at 0%, who want to buy T-bills even if they only pay 2% or 3%; but the austerity-pushing Republicans want to limit the sale of T-bills. So the banks sit on the money instead*, and get interest on it if they store it with the Fed.

    Instead, give the Fed's created money directly to people, in the form of a basic income. Encourage individuals to innovate on their own or through ad hoc collaborations facilitated to an unprecedented degree by the internet. (Note that the market was too short-sighted to fund the creation of the internet; AT & T felt the internet threatened their business model of telephones, for example.) In this age of MOOCs we can educate ourselves about energy and work on hypotheses that business won't pursue because they are too driven by the requirement that they show a profit on next quarter's shareholder report.

    ---

    * See http://www.federalreserve.gov/releases/h3/current/. Current reserves are at or near all time highs.

    1. Re:Short-sightedness of the market by operagost · · Score: 1

      The way you stated that implies that Republicans are the reason that banks are sitting on the capital, which is not the case. They've been sitting on the money before Obama, during the Democratic monopoly of 2009-2010, and since. We already have billions and billions of funding for R&D. What you're proposing is just straight communism. Most people are just going to waste "free" money. Where are you going to get it from? Tax the rich at 100%, right? Kind of counterproductive to take a whole bunch of money from productive people and give it to people who have demonstrated no initiative, right?

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    2. Re:Short-sightedness of the market by moeinvt · · Score: 1

      "If capitalism doesn't provide a profit motive to develop alternative forms of energy, government should."

      The F****** government is the CAUSE of the energy problem!

      Skip back to the late 1800s. The CAPITALIST transportation infrastructure of the USA was based on rail, inland waterways and horses. Then, the central planners in government came along and decided to create massive subsidies for the automobile and petroleum industries, thus making other modes of transportation less competitive. The final insult was nationalization of the railroads during WW1. They never really recovered after that.

      Just imagine if cars had been forced to compete in the free market. Privately owned and operated roads alongside privately owned and operated rail. Cars and trucks NEVER would have achieved their present level of dominance. Population centers and industries would have grown up along the major railways and a small number of major roadways. Less urban sprawl and destruction of natural habitat and much less energy consumption. Millions of auto-related deaths and injuries prevented. Much less carbon, smog and other crap in the atmosphere. Fewer health problems. Less dependence on foreign petroleum.

      The automobile-petroleum-asphalt transportation infrastructure and all of the problems it has caused is the GOVERNMENT "solution".

      Re: the financial system, most of those big banks would be in the dustbin of history if it wasn't for government and Federal Reserve bailouts and handouts. Newer, smaller and more financially sound banks would now be thriving in the void. TBTF is another government "solution".

      Quit blaming "capitalism" for the perpetual failures of GOVERNMENT and central planning.

    3. Re:Short-sightedness of the market by ebno-10db · · Score: 1

      Skip back to the late 1800s. The CAPITALIST transportation infrastructure of the USA was based on rail, inland waterways and horses.

      Does the CAPITALIST (is that enough emphasis?) transportation infrastructure of the USA include the GOVERNMENT built Erie canal? How about all the land grants given to railroads to encourage them to build railroads out west, and in particular the Pacific Railroad Acts that led to the transcontinental railroad. Back in the east the railroads didn't need such an incentive, but they were happy to have the government use the power of eminent domain to create rights of way.

      Quit blaming "capitalism" for the perpetual failures of GOVERNMENT and central planning.

      Since you lost your effort to claim the 19th century transportation infrastructure had no government "interference", I'll suggest a more straightforward argument. Just declare it axiomatic that capitalism never causes problems and government always does.

  26. We will never run out completely by wiwa · · Score: 1

    Of course we're never going to run out of fossil fuels. It becomes uneconomical to extract the stuff long before we run out. It never completely dries up, it just gets more and more scarce expensive and plays a lesser and lesser role in our lives. Take methane hydrates: we've known that there were massive quantities of energy stored in this stuff for decades, but we're only now getting to the point where anyone would think about using these incredibly hard-to-access, hard-to-process resources as fuel. Going back a few years, the same was true for shale gas, oil sands, deep-water offshore oil, etc. This is a point that Charles Mann unfortunately missed in his article: we're exploring this stuff because we're desperate.

    This could be an okay thing if we replace oil with sustainable sources of energy (as the techno-utopians would predict) or a disastrous thing leading to the downfall of civilization (as the doomers would predict). I find myself in the middle camp: we will partially replace our fossil fuel use with renewables and increased efficiency, but the increasing cost of fossil fuel use will also force us to reduce the amount of energy we use and, consequently, our standard of living.

  27. Thermodynamics Will Kill Us by Eadwacer · · Score: 2

    Pop over to the Do the Math blog. With current energy growth, somewhere between 400 and 500 years from now, the oceans start to boil. http://physics.ucsd.edu/do-the-math/2011/07/galactic-scale-energy/

  28. Indifferent to it being infinite, it is plentiful. by Karmashock · · Score: 1

    The oil industry has been saying this for... generations. Who is honestly surprised here? If the oil industry thought it was about to run out of oil they'd sell off their stake in it and reinvest in something with a longer future. Look at what Kraft and several of the tobacco companies have done... They see declines in previously stable industries. Junk food and cigarettes. So what do they do? They diversify and actually start selling off assets that they don't feel will last.

    Oil companies though? They're doubling down. True, many of them are shutting down refinaries or getting out of the distrubution business. But that has more to do with regulations. In extraction... discovery... They're spending more on it then they ever have because they see profit in it. They wouldn't do that if they thought it was going to dry up in the near future.

    I don't know how to say this without ruffling ideological feathers. Upsetting people is not my intention here. Just saying... possibly there are certain camps with obvious biases that should be taken with a grain of salt going forward and certain other camps that you should possibly trust because no one is better informed on the issue. We can disagree as to whether they're lying or not. But you can't really disagree that they don't know. Who in the end is more trust worthy? A clueless ideologue that probably wouldn't know the right answer to save their live? Or the self interested industrialist that knows full well the correct answer but might fudge the facts to squeeze profit?

    Both are unreliable but only one of them actually knows what they're talking about. The ideologue can be outright ignored. He doesn't know what he's talking about. The industrialist might lie to you. But at least he knows enough to know what is and isn't the truth. That's an interrogation with purpose. Interrogating the clueless is like drinking from a bone dry well.

    --
    I've decided to stop wasting my time responding to AC trolls/sockpuppets... so if you want a response from me... login.
  29. Stop the extremism! Let's work together! by Jaxim · · Score: 1

    I agree that the ultimate goal is to use renewable energy. But in order for us to use that kind of energy, we need it to be cheaper and more efficient than what it is now.

    So let's come up with a solution that allows us to work towards that goal but at the same time allows us to use our non-renewable forms of energy that have proven to be cheaper and more energy efficient. Let's frack and drill and use cleaner natural gas all while we are trying to figure out how to make renewable energy work.

    I don't know the details of the solution, but we should figure out those details together. The ultimate solution may not make us happy as we will surely have to give up a little in what we individually deem as the optimal solution. But isn't that when you know a compromise is good - when proponents of both extreme sides of the issue are not happy?

    Let's stop the extremism from both sides! It will not hurt us if we continue to use fossil fuels for 10-20 years while we WORK TOGETHER on finding an optimal renewable energy source. And it won't hurt us if we move to renewable energy sources in 10-20 years even if it is slightly less efficient or slightly more expensive than fossil fuels. But the path we are on now IS hurting us. We are NOT working TOGETHER to find the renewable energy source and we're allowing enemy countries in the middle east to dictate our policies.

    Can't we just get along?!

    1. Re:Stop the extremism! Let's work together! by iceaxe · · Score: 1

      I agree. One extremist group says, "Stop! The bridge is out!". The other extremist group says, "No it's not, full speed ahead!"

      I say we compromise, and stop in the middle of the bridge. That way we all win.

      --
      WALSTIB!
    2. Re:Stop the extremism! Let's work together! by Jaxim · · Score: 1

      except in this case, the bridge isn't actually out. It may go out someday 50, 100, 200 or more years from now but it is uncertain exactly when.
      And the compromise isn't to stop in the middle. It's to go over the bridge as usual but work to repair or replace the bridge.

      There I fixed that for you.

  30. Capitalism by iONiUM · · Score: 1

    I'm sure this has been said before, but we probably won't come run out. It will just become increasingly expensive, until the point that other renewable energy becomes more attractive. As per the last 2 "oil ceilings" around $120 (one of many examples) WTI (or was it Brent? I can't remember), it would seem that currently energy prices for trucks, planes, and consumers can't support >$120 price.

    So basically, this problem is going to solve itself, and we won't run out of oil, because we will (mostly) stop digging for it when it's too expensive, and use something else.

    The only risk is that energy companies take the profits from oil and re-invest it in making cheaper drilling techniques instead of alternative energy, and then we really do run out before we can use oil to find an alternative (since most certainly any research is going to require it). But that's pretty unlikely, considering "oil" companies are already investing in alternative energy to become "energy" companies.

  31. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  32. Donny Deutsch by Anonymous Coward · · Score: 2, Interesting

    Watched the weirdest conversation on @MorningJoe last week while flipping my way up to CNBC-about Winston Churchill changing the British fleet from coal to oil and causing the carve out of Iraq and the eventual radicalization of islam, was the smartest thing i'd heard all week but my brain couldn't compute that it was on MorningJoe......It was the first time i realized Donny Deutsch is actually a huge brain (was between him and The Atlantic editor) of course Joe just uhmed and ahed and cracked dopey jokes.
    - https://www.facebook.com/LivePoliticalChat/posts/481408365263616

    1. Re:Donny Deutsch by lister+king+of+smeg · · Score: 1

      What did you expect from joe he is a former politician of course he mind is a bit limited its the sad after affect of the lobotomy you get from gaining a elected/high level bureaucratic office.

      --
      ---Saying gnome 3 is better than windows 8 not so much a compliment as it is damning with light praise.
  33. Neverending is not infinite. by goodmanj · · Score: 4, Insightful

    “When will the world’s supply of oil be exhausted?” asked the MIT economist Morris Adelman, perhaps the most important exponent of this view. “The best one-word answer: never.” Effectively, energy supplies are infinite.

    This is dead wrong. The economic argument says that oil production is tied to the profitability of ever-more-expensive production technologies. We will never "run out of oil" because eventually we won't be able to afford to extract it, but this will happen while there's still oil in the ground. There's a similar physics argument, based on "energy return on energy invested": fossil fuel production ends when the energy required to pull it out of the ground is greater than the energy of the fuel itself. There will still be some in the ground, and it might be useful for making expensive chemicals, dyes, or lubricants, but it's pointless as a fuel.

    So no, we won't ever run out of oil. But we will reach a point where you can't have any. To characterize this situation as "infinite supply" is ludicrous.

    1. Re:Neverending is not infinite. by d34thm0nk3y · · Score: 3, Insightful

      So true. Only an economist could say with a straigth face that asymptotically approaching zero equals infinity.

    2. Re:Neverending is not infinite. by Moses48 · · Score: 1

      Except that it never approaches zero. I imagine it approaches a non-zero amount. Unless you think that usage will always be higher than production. I imagine that when extraction costs rise due to resource scarcity that the earth will be creating oil at the same rate or above the rate at which we extract and use it.

    3. Re:Neverending is not infinite. by goodmanj · · Score: 1

      As an aside, are there any functions where the integral approaches infinity (for positive values of x) as f(x) approaches zero (asymptotically or otherwise)???

      Yes. f(x) = 1/x is the standard example.

    4. Re:Neverending is not infinite. by CodeBuster · · Score: 1

      With enough heat energy input, nuclear or solar, it's possible to produce hydrocarbon fuels artificially even if we limit the feedstocks to just water and CO2. However, this would almost certainly not replace the current levels of consumption and the use of artificially produced fuels would likely be relegated to emergencies or luxury travel. Air travel especially may eventually revert to that of a luxury reserved for the rich. For example, imagine paying $5,000+ for an economy class transcontinental flight. It's not so far fetched when you consider that at one time a flight on a Pan-Am Boeing 307, which carried only 33 passengers, cost about $1,000 per ticket or $12,000 in today's inflation adjusted dollars.

  34. cleaner fuel burning tech gives the morlocks homes by cenerentolo · · Score: 1

    that new hydrogen thingy where water is separated on wafers or titanium would be a huge and easy way to access cheap energy..... if we developed the tech to safely extract shale and coal, two systems of burn per power generator if using fossil fuels, that could help with the air quality. rudolph steiner said that all the coal/oil had to come out of the ground.. it was a karmic thing or something.... but all that space opened up in the earth, MASSIVE new locations for housing, industry, etc. so we could get on to the business of making the bankers move underground and disposed to try to cull the herd of us eloi

  35. We Have Time by n2hightech · · Score: 2

    Yes fossil fuel will run out. Not tomorrow, Not next year, Not next decade. It will run out. What we do have is time. Time to develop an economical alternative. What we need to do is continue to support research in renewable energy sources and energy storage. We do not need to waste money on implementing uneconomical costly technology that is not competitive right now. Having the government tax low income earners so they can subsidize rich people who want to install solar, wind thermal etc is crazy and bad for the economy and our future. How much research could have been done with the $500,000,000+ wasted on Solindra and others? Keep using fossil fuels as long as they are economical. It is becoming more expensive to extract them and over time the price will rise to reflect that. Keep working on solar, biofuels, fuel cells and batteries. At some point in time the cost of fossil fuels will be higher than renewables and the switch will happen. This type of energy switch has happened many times in the past from human to animal to steam/wood to steam/coal to steam/oil to Internal combustion/gasoline to internal combustion/diesel to internal combustion/natural gas to nuclear. These technologies coexist with varying levels of use depending on economic viability. Why should renewables get any special treatment? Market forces are very good at deciding what works best and most economical. Just get out of the way and let it happen.

  36. Stone Age didn't end because we ran out of stones by Anonymous Coward · · Score: 1

    Former Saudi oil minister Sheik Ahmed Zaki Yamani once said, "The Stone Age didn't end because we ran out of stones."

    Look at the aftermath of Super Storm Sandy (S3). People out of power for days or weeks. I'm pretty sure that most of those people would be willing to spend a little more to have locally generated power which will be available immediately after storms even if it is just during the daylight hours. I'm equally sure that everyone will be willing to pay a little less for a more reliable source of power. Once the construction cost for renewable energy, plus storage, is less than the construction cost of fossil fuel plants it's pretty much game over because there won't be an ongoing fuel cost associated with the renewables. Unless the fossil fuel companies can manipulate construction cost, or buy and kill the renewable companies, it won't really matter what they do with fuel cost.

  37. we're not going to run out of oil by buddyglass · · Score: 2

    ...but we might run out of able to be cheaply extracted and processed oil and gas. We keep picking the low-hanging fruit. Technology marches on and fruit that was previously not low-hanging can become low-hanging, but that only goes so far. Over time, the cost of extracting and processing oil and gas will continue to increase. Presumably solar will continue to become less expensive. The hope is that at some point solar will start to be cost-effective relative to oil and gas even without govt. subsidies. At that point we won't completely stop using oil and gas, but global demand will take a nosedive.

    1. Re:we're not going to run out of oil by JoshuaZ · · Score: 1

      This point is really valid. The really relevant issue is the EROEI URL:http://en.wikipedia.org/wiki/EROEI the energy return on energy investment. If this number is much greater than 1 (e.g. gas, some oil, some coal, nuclear) then we get energy out. If this ratio is close to 1 or less than 1, then an energy source is only useful as a storage mechanism. There's a lot of carbon resources left but where the extraction and processing energy would be very high, so the EROEI will be effectively small.

    2. Re:we're not going to run out of oil by imikem · · Score: 2

      But will they be competitive relative to oil and gas, which receive major subsidies today, both directly via the tax code, and also in the form of unregulated and untaxed dumping of waste CO2 into the atmosphere? The playing field is far from level. That also contrasts to the nuclear industry where waste products are massively regulated, and replacement of obsolete plant, as well as new construction all but impossible, because radiation is scary, while CO2 is boring.

      --
      Perscriptio in manibus tabellariorum est.
  38. Plenty of fossil fuels- they are getting expensive by Anonymous Coward · · Score: 1

    The issue is no longer the volume of fossil fuels. In fact, we've known that there were more than enough fossil fuels to power the world for a VERY long time. There is enough coal to power the planet three times over for 100 years in the Appalachian mountains alone.

    What the issue is are the costs associated with fossil fuels.

    1. Health Care (http://www.nytimes.com/2009/10/20/science/earth/20fossil.html?_r=0)
    2. Climate Change that are very expensive.
    3. Icentives needed by governments (that are simply taking the money from private individuals) to keep the perceived cost of fuels down. https://www.imf.org/external/np/fad/subsidies/index.htm
    4. Military budgets needed to keep the peace.

    Then of course there is the fact that the cost to extract the energy that we are grabbing now is increasing in price SIGNIFICANTLY. The blunt truth is that the price of pulling energy from the ground, to process it and then transport it globally is simply going to be greater than the costs associated with solar modules running for 50 years.

    http://www.fool.com/investing/general/2013/04/30/one-of-the-biggest-challenges-facing-oil-companies.aspx

    We have PLENTY of material in the ground to burn. We just can no longer afford it.

  39. Hydroforming 101 by Anonymous Coward · · Score: 1

    Methane hydrate to methane -> methane to ethane -> ethane to n-propane -> n-propane to 2-methyl propane -> 2-methylpropane to 1,1,1,2,2,2 hexamethyl ethane aka 1-trimethyl-2-trimethyl ethane aka Jet Aviation Fuel. Octane Rating is 100: burns smoothly.

    Neither the oil or automotive industries want you to know this.

    It could burn great in automobiles too with the right ECM and design efficiencies to guarantee airflow along with cooling designs to handle the increased burning efficiency (i.e. more heat.)

    They want you to burn the equivalent of corn-oil, otherwise JET-A would be $0.05/gallon and they wouldn't be able to afford $5000/hr Ukranian hookers to polish their golden knobs.

    To paraphrase John Lennon, "Methane is all you need."

    Pull my finger but if you want more methane, pull Al Gore's finger.

  40. Not quite by VernonNemitz · · Score: 1

    "Widely exists" is not automatically the same thing as "cost-effective to obtain and distribute". The main reason the Alberta tar sands are now cost-effective is simply that the overall price of oil has gone up. But that fact, however, also makes other technologies more cost-effective. So, oil and gas can only stay on top of the energy-generation heap as long as they are more cost-effective than, for example, solar panels. Will it be cheap and easy to process methane hydrates? If it was, we'd be doing it on a huge scale already!

  41. May run out of oil, but never run out of gas by argoff · · Score: 1

    Oil and fuel can be re factored from both coal and natural gas if necessary, so in truth, it's not a matter of amount, but a matter of price. Once the price reaches a certain level - other means of getting fuel become more economical. In fact, once oil reaches a certain price, you can literally use nuclear power (or hydro/solar) and pull co2 from the air, and reprocess it into fuel.

  42. Realistically.. by sivo · · Score: 1

    The thing which confuses me about peak oil theories is they don't account for the way economics and pricing work. Supply of oil isn't an on/off switch, it won't just suddenly evaporate in a year and thus yielding a worthless modern infrastructure that requires oil. Over the course of many years the price would go up because supply isn't meeting demand, that price is the ultimate signal which then has people switching to alternatives. And that doesn't mean that the only thing which happens is people stop using oil, but people will stop using services that require oil as well in favor of cheaper alternatives. Running out of oil isn't going to be a catastrophic thing (if it really does happen in our lifetime).

    The basic premise seems to be: "If we continue our current consumption patterns indefinitely.... bad things might happen." That's not what an economy does, it's not a perpetual motion machine that continuously does the same thing over and over again, we innovate. Remember the biggest competitor to Rockefeller wasn't even related to the oil industry, it was Thomas Edison because he could replace kerosene lamps.

    1. Re:Realistically.. by ebno-10db · · Score: 1

      The thing which confuses me about peak oil theories is they don't account for the way economics and pricing work. Supply of oil isn't an on/off switch, it won't just suddenly evaporate in a year and thus yielding a worthless modern infrastructure that requires oil.

      Peak oil doesn't say it will suddenly "switch off". The first line of the Wikipedia article:

      Peak oil is the point in time when the maximum rate of petroleum extraction is reached, after which the rate of production is expected to enter terminal decline.

      The rest of the article is a pretty good description of the whole (often misunderstood) theory.

    2. Re:Realistically.. by sivo · · Score: 1

      I read most of it, and there are statements which resemble the kind you have just made. Oil is definitely a finite resource, that is definitely not in dispute. Therefore if extraction rates continue to increase as they have, there will eventually be a critical point which is the fastest we will ever be able to extract it. The aftermath of this critical point however I don't believe will be economic disaster; as extraction tapers off the market readjusts through pricing. People slowly move off from the more expensive resource in favor of less expensive resources. From our perspective this looks like a potentially disruptive event because *everything* we use in the modern world requires oil, be it through petroleum based products or the more obvious electricity generation or motive power. The effect would be gradual. The last thing to go would be large factories that depend on oil for their proper running, but plenty of other things beforehand would easily be switched to other resources.

      As an argument to support renewable energy I find it weak. If somebody can solve the problems that renewables still face then that's great, they deserve to make a lot of money from it. However pushing them at their stage today over a what I consider an exaggerated economic risk I think is premature.

  43. We will still run out by YoungManKlaus · · Score: 1

    simply because the earth has an infinite size and because fossil fuels are (as the name suggests) not renewable (at least not on viable time spans).

  44. per day by nten · · Score: 1

    cia factbook and the gp both said 19 million per day, not month

    --
    refactor the law, its bloated, confusing and unmaintainable.
  45. we will run out this century by peter303 · · Score: 1

    The USGS and several major oil companies estimate peak oil from conventional resources during the 2030s. Tight reservoir production released by fraking may add another decade. (Fracking has only been done in 10% of the world so far.) Vast methane hydrates offshore may add a couple more decades. (Only Japan has tried to produce these.) It merely a matter of sometime THIS century, not easy to pin down. The hope is this will buy time to develop non-carbon energy. A lot of clever ideas have been proposed here n Slashdot, but cannot economically compete with abundant methane yet.

    Ther have been Cassandras who claimed "peak oil" since the 1860s, and always "next year" since then. But theiy are not very good geoscientists.

  46. Perfect renewable energy source by Dcnjoe60 · · Score: 1

    I've got the perfect renewable energy source. They are called "carbs" They come mainly from grains, but other food sources, too. People consume them and then do things for them self like walk or ride a bike or open the garage door or climb the steps or use a push mower or any number of things that people a few generations ago did instead of consuming large amounts of fossil fuels.

    Somehow, in the 1950s, the average family of six got by with one vehicle. Today, the average family of three has two vehicles. Somehow in the 1950s, if you were bored, you either read a book or got up and went outside to do something. Today, chances are, you use an electronic device. Somehow in the 1950s, the local market was a couple blocks away and people walked to get their groceries. Today, we drive an extra 20 miles to save three cents at Walmart. Somehow in the 1950s, if you were hot, you turned on a fan, if you were cold, you put on a sweater. Today, we run air conditioners and wear sweaters in the house and furnaces while we wear shorts.

    I'm not proposing we turn the clock back and return to the 1950s. However, if we want to use less energy, there are a number of things we could learn from what people did, not too long ago.

    1. Re:Perfect renewable energy source by iggymanz · · Score: 1

      I reject any suggestion to use less energy. Energy drives civilization and progress. There is no shortage of energy on earth, we only have engineering problems with solutions that are obstructed by large corporate interests.

    2. Re:Perfect renewable energy source by iggymanz · · Score: 1

      I see Tom Murphy continues to write nonsense. He'd be amazed to learn that in two years a pregnant woman would not be as big as a house.

      over the next 500 years, we'll doubtless be gathering resources and manufacturing off the earth. Couple that with the fact that the human population will peak in 60 years and then decline, and we see Murphy is arm waving about a non-existent limit on human endeavors.

      To say nothing of technological singularities like bioengineering, we could well be growing what we need rather than smelting/refining ores. At that time I'd agree we'd need a minute percentage of present energy.

      But for now, I reject any limit on energy use.

  47. Another one that can't read a graph by dbIII · · Score: 1
    Peak oil happened in 2008. Whatever baggage you attach to a line on a curve is not my problem, especially is you pretend it's measuring something other than crude oil production over time.

    Vast methane hydrates

    That isn't oil or anything remotely like it so it appears you are retrospectively twisting other people's words to mean something other than they meant at the time.

    1. Re:Another one that can't read a graph by Dcnjoe60 · · Score: 1

      Peak oil happened in 2008. Whatever baggage you attach to a line on a curve is not my problem, especially is you pretend it's measuring something other than crude oil production over time.

      Vast methane hydrates

      That isn't oil or anything remotely like it so it appears you are retrospectively twisting other people's words to mean something other than they meant at the time.

      Actually, every few years they adjust when Peak Oil happened. Eventually, one of these days, they will be right, but it's pretty certain, that unless there are no more new oil reserves to be found on the planet, that 2008 is not the correct year.

    2. Re:Another one that can't read a graph by dbIII · · Score: 1

      Another thing that makes it absurd is exploration is most definitely not growing exponentially and was actually in a bit of a decline for a few years.

  48. Re:We Wish (we had a strawman). by luis_a_espinal · · Score: 2

    Suggest you read this:

    http://kunstler.com/blog/2013/04/we-wish.html

    Kunstler's op-ed piece provides some compelling counter-arguments arguments that are sadly cobblered up together with invectives to the point of being emotional. If we wanted emotional we could simply tune to BravoTV or some crap like that.

    The "Atlantic" is simply running a hypothetical "what-if" scenario, and the potential consequences of it. It is a "what-if" (something you always want to see and debate if you are truly open-minded), not a "will-be" article as it is being presented (demonized/ridiculed) by the interweebz borg bovine-mind collective (many whom I'm sure have not had even RTFA in question, with the opening sentence quoted below):

    New technology and a little-known energy source suggest that fossil fuels may not be finite. This would be a miracle—and a nightmare.

    Again, it is a "what-if" article pointing to a nightmarish scenario, not a nilly-willy "fuck solar/wind, let's burn moar dino juize" corporate campaign. Sadly, the nuisance is missed to most.

  49. Stone Age all right by dbIII · · Score: 1

    Funny thing is a lot of the trouble during Sandy was due to effectively unregulated electrical power transmission systems that had been "grandfathered" in and wouldn't meet the safety and other standards in most of the third world. The worst of the fires would have been easily prevented if there was not 1930s era transmission gear at the ignition point. The funny thing is I heard this from a guy that was actually working as an engineer in power transmission in the 1950s when the state he was in was getting rid of that stuff as being too dangerous (high voltage stuff nailed to wooden blocks!).

  50. Re:oil by currently_awake · · Score: 1

    It's cheaper to build solar arrays on the ground than space. Even with batteries for at night and a larger array to charge them it's still much cheaper.

  51. Like an egg by anegg · · Score: 1

    The world is like an egg, the energy resources are like the yolk, and we are like the chick in the egg. The egg comes with a finite amount of resources that the chick exploits to reach a point of maturation where it can break free of the shell and survive without the yolk. If the chick uses up the yolk and doesn't manage to break free of the shell, it fails.

    [Note for the pedantic - this is is just to illustrate the point; don't confuse the map for the territory and take the analogy to places it doesn't work then claim victory over the original premise]

  52. The problem isn't quantity of oil.... by Alioth · · Score: 1

    The problem isn't really the quantity of oil that's still to be mined. It's the rate of mining and ease of getting at it. The real problem is that what's running out fast is the cheap and easy oil. Our economy at the moment absolutely relies on oil being both cheap and easy.

    To contrast unconventional sources and conventional (cheap, easy) oil: Canada's proven reserves are something like 1,000 times larger than Mexico's Cantarell field. However, despite the size of this oil reserve, and despite decades of development, the rate of production from Canadian tar sands is still only about the rate that Cantarell was producing at its peak.

    Whether oil is available or not isn't the question. We're still going to have to make enormous (and hopefully not too painful) changes to the way we use energy (and thus to how the economy works) to be able to cope with the shift from cheap, easy to extract oil to very much more expensive oil and it may well just be cheaper to use something other than oil well before it runs out. The cited Bakken shale isn't something you stick a pipe into and oil comes gushing out, rather it's more like rock that has to be mined and then has to go through an expensive process to get usable oil out of it. It will always be vastly more expensive and vastly more energy consuming (much lower energy return on investment) than, say, British North Sea oil or the stuff that comes from Libya or Saudi Arabia.

  53. Re:"Amount" of oil doesn't matter ... by tibit · · Score: 1

    This is so stupid I don't even know where to start.

    Where do you think all this stuff is stored? For all practical purposes, everything that has been extracted has already been burned up, as far as fossil fuels go. The storage capacity is a tiny fraction of even yearly extraction. The "billions" in contracted reserves are a drop in the bucket. The fossil fuel economy is measured in trillions, not billions. Daily U.S. oil consumption, in crude equivalent, is on the order of USD 1 billion worth. Get a sense of scale, will you, pwetty pwetty please?

    --
    A successful API design takes a mixture of software design and pedagogy.
  54. Because that's an utopian idea. by denzacar · · Score: 1

    Why can't we just let the market do its thing? When the economic balance tilts toward renewables we will switch to them no matter how much carbon is easily available. Eliminate all the special government rewards/penalties associated with any and all energy producton and the law of supply and demand will elegantly elevate the current best solution at any given time.

    And not a very bright one at that.

    Cause, should "the invisible hand" be the only thing that regulates the market that would mean that the market would be regulated ONLY BY MONEY.
    Supply and demand can both be adjusted with money. I.e. They can be faked.
    And more money you have, more adjustments you can make - ending with the situation where those with the most money CAN and DO regulate the supply and demand.
    I.e. As long as you can afford food for yourself, you can also afford to let everyone else starve unless they pay what you are asking for the food.
    Or, you can give away free food until your competition goes bankrupt and you buy them off for a pittance. And THEN starve everyone.

    Invisible hand is suddenly visible and it turns out to be a monopoly instead.
    That's because invisible hand is an imaginary concept based on the idea that markets are somehow naturally fair.
    Monopolies, on the other hand, are very much real and they are based on GREED.

    And they eventually end either with a bloody riot, OR with a position where ONE entity controls all the resources, using them for its personal needs - everyone else be damned.
    You don't need markets or consumers if YOU already own everything.

    But why is that particularly stupid regarding renewable sources vs. fossil fuels?
    Well, there are many reasons but the main ones are that the renewable sources require VAST investments in research and development as well as in the production cycle, delivery pipeline etc. etc.

    Renewables can be made to work on a large scale IF energy and effort is invested NOW while the energy is still cheap.
    They are on the other hand practically unreachable from a position where we can no longer afford most very basic things we are used to today - like cheap food, affordable motorized transportation of people and goods, constant supply of electricity, refrigeration during summer, heating during winter etc. etc.

    And that's all WITHOUT even going into environmental effects of "burning it all first and then looking for a solution".

    --
    Mit der Dummheit kämpfen Götter selbst vergebens
  55. It just moves some thresholds around. by DdJ · · Score: 1

    Renewables will finally take over when the price/performance numbers are better.

    They're getting more economical over time. In particular, solar seems to have been obeying something like Moore's Law in some ways.

    If that doesn't stop, then at some point renewables will be more economical than even plentiful legacy energy sources, and at some point the gap will be large enough to cover the retooling costs over a pretty short time frame.

    The availability of other usable carbon sources would merely delay this, not stop it.

  56. this would solve all of our problems by HPHatecraft · · Score: 1
  57. Revamping the electrical grid ... by PPH · · Score: 1

    " ...to accommodate unconventionals like natural gas ...will be enormously difficult"

    I stopped right there. This guy doesn't know what he is talking about. Conversion to natural gas is trivially simple and is going on rapidly as gas prices drop. The new generation can practically be dropped in in place of old coal plants. And it can be brought on line much faster than coal can when electrical loads rise. So it's a no brainer.

    Yeah, solar is a different issue. But solar is tiny compared to potential natural gas capacity.

    Undersea mining of methane hydrate may present some technical difficulties. But not to the electrical grid. Once that methane source is piped onto shore, its just natural gas and can be plugged into the existing infrastructure.

    --
    Have gnu, will travel.
  58. Wow by oh_my_080980980 · · Score: 1

    So upgrading the electrical grid is a bad thing? Wow author is a real moron.

  59. Re:Atlantic article a thinly veiled propaganda pie by Rolgar · · Score: 1

    It seems to me that it's a two sided coin.

    Peak oil stories would drive up the cost of oil because of the perceived shortage, and more buyers and speculators would buy futures that would increase the price, making more profit in the short term for the 'evil' oil companies, and probably get more money in the form of exploration funds. Of course, this will encourage investments in wind, solar, and maybe even nuclear.

    On the other hand, downplaying Peak Oil concerns will keep prices somewhat lower. But if they are right, they are looking at huge decline in energy revenues due to declining commodity costs, which probably won't be great for the bottom line and stock prices.

  60. Nutbars by DarthVain · · Score: 1

    This is my primary problem with the Green Party up here in Canada. When they started out, they seemed a reasonable choice. Then they decided they needed to be a "National" party and run a candidate in every riding. Which means they accepted any nutbar into their ranks as they needed warm bodies to lose races.

    This has twisted a reasonable green party focused on sensible environmental policy combined with a more conservative fiscal policy. Now it is a more radical leftist environmental fear mongering hippy silliness. Were their policy decisions seem less based on real science and more based on ideology, which is what you are normally voting against in the normal Conservatives! All it is, is the other side of the coin, but no better.

    It is my belief that Nuclear Energy isn't getting a fair shake. About the only thing I agree is that the traditional reactors do take a long time to build, and are very costly initially to construct. That isn't to say new more modern technologies are not more viable. What really gets me, is that people put the blinders on, and don't even want to further our research into these areas. I think it is absurd.

    Hydro is great. It really has only two big issues. One it can only exist in certain physical places, and once you run out, you have no more places for Hydro. Secondly, is as the environmentalist will point out, but its very nature, you are basically flooding a LARGE area in order to create a resovoir. This irreversibly destroys habitat and ecology... though some might point out it creates a new one... i.e. a lake. I know in Canada, many of these have been in Quebec, and what has been a sticking point is that in may involve Native groups in one way or another (their land, disputed land, etc...) which is also a concern.

    Hydro is also hugely important in that it is one of the ONLY sources of energy we use that can be used as a great big potential energy battery. I.e. when it is sunny out use solar, when it is windy out use wind, and power pumps to move water to higher gravity. Then when the sun goes out, or the wind dies down, you open the sluice gates, and produce hydro energy using the water you just stored. There are inefficiencies in the translation, but otherwise you have nothing. You are left with always on Nuclear, or easy to spin up Gas/Coal generation.

    Solar is SLOWLY getting better. However per Watt is by far the most expensive. Also those panels have to come from someplace. That someplace is China. The production of them and the materials needed to construct them, and their life span... not great. Though I think government could do a lot more to promote this for individuals. Remove the barriers to sell power back to grid. Subsidize that. Let individuals and companies take care of the rest. Also from an electrical distribution perspective it makes much more sense, as you lose a lot in translation as it were moving current from one geographic area to another. Keeping generation local is a big plus.

  61. flat production since 2008 due to world recession by peter303 · · Score: 1

    No serious industry person thinks it is due to limits on production capacity. Upcoming years will tell.

  62. Re:oil by SJHillman · · Score: 1

    It's cheaper, but solar arrays in space have the ability to be much more efficient as nothing is filtered out by the atmosphere, there's no night, no cloudy days and it can be beamed to a receiving station that's directly where it's needed. A bicycle is cheaper than a car, but that doesn't always make it better. We don't have the technology yet, but a prototype might be viable within a few decades.

  63. Doesnt matter, oil is still disgusting by Marrow · · Score: 2

    1. Its still a dirty, poisonous product
    2. Its still being priced and controlled by large behemoth monopolies that will gouge us for every penny
    3. It still requires massive installations for refinement and transportation which remain dangerous points of failure
    4. The byproducts are still going to cause massive health issues involving lung disease and cancer
    5. It cant be used in space or on other planets
    6. Regardless of the warming aspects, its still not good for the environment
    7. The companies have a habit of tampering with democracies that are inconvenient
    8. The devices used to convert oil to energy require too much maintenance.
    We need oil to become obsolete.

  64. Oil oil everywhere! by outerlimitsurvey · · Score: 1

    One thing I've been saying for a long time is that we will never literally run out of oil. What we will run out of is cheap oil. As I understand it there is much more oil in tar sands and oil shale than liquid crude. The liquid crude we are discovering and developing now is far more difficult and expensive to recover than the oil we enjoyed 50 years ago. 50 years from now will fossil fuels still be cheap enough for many people to be able to drive a 6000 lb SUV 100 miles to work and back every day? I don't know. Will they be able to afford to heat and cool a 6000 ft^2 home? I don't know that either. Our high standard of living is fueled by cheap fossil fuels. As the price of energy rises our standard of living drops. Without incentives or a carbon tax I don't see renewables being a bigger energy source in the near future. Unfortunately a carbon tax by making energy more expensive would lower our standard of living which few Americans would tolerate.

    1. Re:Oil oil everywhere! by Dcnjoe60 · · Score: 1

      One thing I've been saying for a long time is that we will never literally run out of oil. What we will run out of is cheap oil. As I understand it there is much more oil in tar sands and oil shale than liquid crude. The liquid crude we are discovering and developing now is far more difficult and expensive to recover than the oil we enjoyed 50 years ago. 50 years from now will fossil fuels still be cheap enough for many people to be able to drive a 6000 lb SUV 100 miles to work and back every day? I don't know. Will they be able to afford to heat and cool a 6000 ft^2 home? I don't know that either. Our high standard of living is fueled by cheap fossil fuels. As the price of energy rises our standard of living drops.
      Without incentives or a carbon tax I don't see renewables being a bigger energy source in the near future. Unfortunately a carbon tax by making energy more expensive would lower our standard of living which few Americans would tolerate.

      Actually, a carbon tax only lowers the standard of living for the few percentage of the people who have a standard of living capable of being lowered. Even in the US, for the poor and the homeless, a carbon tax would have very low impact. For most of the world's population, it would be the same thing. On the other hand, it is the 1% to 2% who would feel the impact.

      If you are on the bottom rung of the ladder, you don't have very far to fall. It is the people at the top who cling on desperately.

  65. Solar is the only option by GofG · · Score: 1

    Here's the problem. Every piece of energy we've ever had has come, originally, from Solar. We need to max out our solar power efficiency, and we need to do it soon. Fossil fuels are basically batteries, and we are currently abusing the fact that we are billions of years into Earth's having had life. There are a lot of random things in the ground that happened to have absorbed lots of solar energy and happened to be easy to burn. This makes the cost of energy seem much lower than it actually is, and so solar power would appear to be "cost inefficient".

    Of course it is cost inefficient, when you compare it to these ridiculous batteries that have been storing power for billions of years in a highly compressed and easy to extract form! And it's lucky that during our industrialization phase, we had batteries like coal and oil. It's a very good thing, or else we never would have gotten to the stage of making good solar power.

    Dyson's Spheres 4Ever Yo

    --
    GFA/M/S d-- s: a--- C++++ UBL++$ P+ L+++ !E- W++ N+ !o K- w--- !O !M !V PS++ PE Y+ PGP+ t+++ 5- X+ R tv@ b++ DI++++ D+ G
  66. Article written by a radical by onyxruby · · Score: 2, Insightful

    I read the article several days back and if you read carefully you will see that their conclusions betray their politics. Amongst other things the article literally doesn't even acknowledge nuclear energy when discussing all of the assorted form of low carbon energy. Considering that nuclear power is the cleanest form of main load power that we have this can hardly be an oversight.

    To environmentalists, natural gas is a bridge fuel, a substitute for coal and oil that will serve untilâ"but only untilâ"the world can move to zero-carbon energy sources: sunlight, wind, tides, waves, and geothermal heat.

    The author is well aware of the human toll being extracted by the use of coal:

    In March, for instance, a research team led by a Mumbai environmental group estimated that black carbon and other particulate matter from Indiaâ(TM)s coal-fired power plants cause about 100,000 deaths a year.

    Natural gas would significantly reduce the source causes of these deaths and the author is aware:

    Natural gas produces next to no soot and half the carbon dioxide coal does. In coal-heavy places like China, India, the former Soviet Union, and eastern Europe, heating homes and offices with natural gas instead of coal would be a huge step.

    However instead of supporting a transition to cleaner burning natural gas the author shows what they would rather have happen:

    For years, environmentalists have hoped that the imminent exhaustion of oil will, in effect, force us to undergo this virtuous transition; given a choice between no power and solar power, even the most shortsighted person would choose the latter. That hope seems likely to be denied.

    The authors radical viewpoint is exposed here with the following view which they know has never happened in human history. The fact that this could result in the economic collapse of society is sort of acknowledged by the author:

    Smil is correct - the sort of rapid energy transition we need has never occurred before. At the same time, one should note that no physical law says these transitions must be slow. Societies have changed rapidly, even when it cost a lot of money.

  67. Moving to renewables doesn't cost very much by microbox · · Score: 2

    quadrupling the price of electricity

    This is just scare-mongering. Germany is moving to renewables, and their electricity bills didn't triple because of feed-in tariffs. They have created 340k jobs, many high-tech, and have moved the country to 20% renewables even whilst growing relative to the rest of the world.

    Solar/wind will soon cost less than oil/coal/nuclear, even when you discount the cost of pollution. We have already reached the threshold depending on how you measure. (Pricing a coal power-plant includes pricing the future cost of coal over 30-40 years, and that ain't easy.) Tata in India has already declared that they aren't building any more coal power plants because it doesn't make financial sense.

    The economic scare-mongering just doesn't make sense. The label "Alarmist" is projection.

    The traditional utilities and oil/mining companies stand to lose their rent income. They have money and political influence. Propaganda works.

    --

    Like all pain, suffering is a signal that something isn't right
  68. Re:Atlantic article a thinly veiled propaganda pie by DarkOx · · Score: 1

    The major oil companies are promoting "No peak oil" stories to influence google results. They need to do this to keep asset prices up, soothe investors and keep the financing on which they depend flowing.

    bahaha -- hold up can't stop laughing. okay okay.....
    The oil companies don't depend on financing they pay some of the larger dividends found in the large cap space. Access to credit is not something big oil thinks about as a 'risk'. Which is not to say they don't use it in these days of near zero sometimes negative real rates; but they don't *need* it and they don't worry about it.

       

    --
    Repeal the 17th Amendment TODAY! Also Please Read http://www.gnu.org/philosophy/right-to-read.html
  69. What if? by denmarkw00t · · Score: 1

    The only way we aren't running out of oil is if we stop extracting it or can't extract it because it's just not accessible. Given enough time and resources, we can exhaust all of the oil available to us on the planet. If we develop alternative methods of energy production that don't break the bank and they eventually replace oil-based energy, then we may not run out of oil but we won't need to worry about it either. Of course, the old rule applies:

    Q: What if we don't run out of oil?

    A: No.

  70. We will run out of air first by TomGreenhaw · · Score: 1

    I've been confused for a while about why people are worried about running out of fossil fuel. Isn't obvious to everyone by now that the atmosphere is what we should worry about? And what's this baloney about revamping the grid for electric cars? Electric cars have become very efficient with regenerative braking and improved battery and super capacitor technology. My electric car is programmable to start charging when the load on the grid is light in the the middle of the night. Electric cars don't really have to draw a lot more current than an air conditioner.

    --
    Greed is the root of all evil.
  71. 2 565 2795 by MMatessa · · Score: 1

    To stay under a 2 degree celsius global warming increase, we can pour about 565 more gigatons of carbon dioxide into the atmosphere. Unfortunately, fossil fuel companies are already planning on releasing 2795 gigatons from their proven reserves. http://www.rollingstone.com/politics/news/global-warmings-terrifying-new-math-20120719

  72. What happens if fossil fuels remain ? by WOOFYGOOFY · · Score: 1

    What happens if fossil fuels remain plentiful and we actually burn them? Everyone dies, that's what.

  73. Exponential Growth by the+eric+conspiracy · · Score: 1

    Some other resource will limit growth.

    Duh.

    The most important video.

    http://www.youtube.com/watch?v=umFnrvcS6AQ

  74. bankcruptcy by Anonymous Coward · · Score: 1

    The following is a list of all the clean energy companies supported by President Obama's stimulus that are now failing or have filed for bankruptcy.

    A123 Systems (received $279M)
    Abound Solar (received $400M/only borrowed $70M)
    AES’ subsidiary Eastern Energy
    Amonix (received $5.9M)
    Babcock & Brown (Australian: received $178M)
    Beacon Power (received $43M)
    Brightsource (received $1.6B)
    Chevy Volt (taxpayers basically own GM)
    ECOtality (received $126.2M)
    Ener1 (subsidiary EnerDel received $118.5M)
    Energy Conversion Devices
    Evergreen Solar
    First Solar (received $1.46B)
    Fisker Automotive
    Johnson Controls (received $299M)
    Mountain Plaza, Inc.
    Nevada Geothermal (received $98.5M)
    Olsen’s Crop Service and Olsens Mills Acquisition Co.
    Range Fuels
    Raser Technologies (received $33M)
    Schneider Electric (received $86M)
    Solar Trust of America
    Solyndra (received $535M)
    SpectraWatt
    SunPower (received $1.5B)
    The National Renewable Energy Lab
    Thompson River Power LLC
    Willard & Kelsey Solar Group (received $6M)

    80% of DOE Green Energy Loans Went to Obama Backers

    1. Re:bankcruptcy by Wild_dog! · · Score: 2

      As of last October simple googling led me to this:

      "In fact, of the 28 funded projects -- involving 23 companies -- listed in a 2012 congressional report, only four involve businesses that were either sold or are not in operation."

      So basically you are listing 28 companies that received money for projects that as of last october 4 had failed and yet you claim something like all of them failed?????

      Most of what I have read about the stimulus investment points to a better than average return than a typical venture capitalist would expect at least in terms of percentages of success. The funding of the industry itself has led to more success stories than not. Green industries in general are a growing segment of the economy and the growth was largely spurred by the stimulus, but now even without the stimulus it is still growing. To me at least that seems to indicate sustained success for this newly developing segment of our economy. We should be cheering this development... not lampooning it. Green jobs will play an increasing role in our future economy and it is great that we are embracing this as a country. Why become the backward country who has to buy all of its tech from china and europe?

    2. Re:bankcruptcy by riverat1 · · Score: 1

      Most of what Solyndra was about was an issue the Republicans could browbeat Obama about in last year's Presidential race. The program that loaned the money to Solyndra was budgeted for an 11% failure rate and last I heard it was still under 5% failures even with Solyndra.

  75. Marxist Zombie by xdor · · Score: 1
    First

    The influence of existing interests (Koch/Exxon, etc.) will wane.

    Then

    a small portion of Exxon's profits gets injected directly into the local economy

    So you're going to pillage the profits of two specific companies after you've reduced their influence? That makes sense.

    Electricity usage will come down

    Is this because you are reducing the influence of oil companies or because your alternatives aren't going to provide enough to meet demand? Oh, I know, you're just going to legislate private energy consumption levels so electricity usage will come down!

    It's really a non-brainer, and there is empirical proof that these are the effects, because other parts of the world (and the US) have already started trying these thing.

    I have to agree with you here: you are merely spewing the ideals of socialist oppression, but you seem to lack the mental processes to think critically about the human suffering the policies enacted would inflict.

    1. Re:Marxist Zombie by microbox · · Score: 1

      Is this because you are reducing the influence of oil companies or because your alternatives aren't going to provide enough to meet demand? Oh, I know, you're just going to legislate private energy consumption levels so electricity usage will come down!

      Based on *empirical* evidence, when a tax is put on carbon, and then credited towards energy efficiency, people quickly end up paying less on their electricity bills because they need less of it.

      I have to agree with you here: you are merely spewing the ideals of socialist oppression, but you seem to lack the mental processes to think critically about the human suffering the policies enacted would inflict.

      Well, according to *empirical* evidence, this *neo-liberal* idea (you know who Hayek is?) works, and does not inflict human suffering. The USA does not rank very well in poverty, crime, education, life-satisfaction, personal freedom, unless you want to compare yourselves to the 2nd and 3rd world.

      You talk about thinking critically -- do you know what projection is?

      --

      Like all pain, suffering is a signal that something isn't right
    2. Re:Marxist Zombie by cayenne8 · · Score: 2

      Based on *empirical* evidence, when a tax is put on carbon, and then credited towards energy efficiency, people quickly end up paying less on their electricity bills because they need less of it.

      PLEASE lets get back to the thought that taxes are made solely to fund necessary govt services (federal and state), and should NOT be used to try to mold or direct human behavior.

      It is not (especially the feds) their fucking role to try to mold my behavior or influence how I choose to live my life. They are there to answer to ME, the citizen, not the other way around!

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    3. Re:Marxist Zombie by s.petry · · Score: 1

      At the same time, regulations must be put in place to ensure that Corporations do not endanger society. I agree with most of what you state, but you omit that critical piece. Collusion in countless businesses (like Oil) is rampant, as is Bribery with Politicians. 40 years ago, this shit was regulated to some degree. Not perfect mind you, but look what happened to AT&T in the 70s compared to Microsoft in the 90s and you will see that there is no regulation keeping the public safe.

      --

      -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

  76. Restricted Use by ThatsNotPudding · · Score: 1

    Phase-in requirements that oil and natural gas maybe used as feed stock for anything except as a mobility or heating fuel.

    Preserve a dwindling resource for the production of plastics, fertilizers, etc., instead of pissing it away going from point A to point B or heating an apartment building.

    Also: ban any price-per-gallon fuel signage with numbers taller than 8 inches and elevated higher than 15 feet.. With the CAFE levels we have now, there is no need; all those huge price signs do is egg-on consumer anxiety and anger, leading directly to deadly and stupid fucking foreign policy.

  77. Re:Atlantic article a thinly veiled propaganda pie by gestalt_n_pepper · · Score: 2

    Yes, thanks for responding, and by the way, you're an idiot and you represent everything currently wrong with the American business education system.

    The oil companies don't depend on financing they pay some of the larger dividends found in the large cap space.

    Yes, like this I suppose ( http://www.marketwatch.com/story/exxon-sinopec-aramco-complete-4-bln-financing-for-china-jv ). Yes, some oil companies pay dividends - today. Should their stock price tank, tomorrow (assuming you can think that far ahead), those dividends will halt with an almost audible screech. Their "capital," much of which is tied to their stock value, will no longer be available as collateral to finance exploration and they will have to start dipping into cash. This will work. For a while.

    Access to credit is not something big oil thinks about as a 'risk'. In the past, they didn't. If they don't now, they're going to be out of business with some rapidity.

    Which is not to say they don't use it in these days of near zero sometimes negative real rates; but they don't *need* it and they don't worry about it.
    The people not worrying about it are nitwit "analysts" at a financial firms who have neither useful feedback nor consequences for failure. Executives at oil companies, and owners of small to medium sized exploration companies are worrying about it a great deal.

         

    --
    Please do not read this sig. Thank you.
  78. Free Energy by Dareth · · Score: 1

    I have said it many times that if a way to produce virtually free/unlimited energy was developed tomorrow the same companies would still be selling you energy at market rates. They may pass on some of the savings, but people will still have to pay to get it.

    --

    I only look human.
    My mother is a halfling and my dad is an ogre, so that makes me an Ogreling
  79. It won't remain plentiful by Todd+Knarr · · Score: 2

    For fossil fuels, the extraction rate far exceeds the replenishment rate. Usage will only go up as more countries develop economies that demand more fuel for transportation, more electricity and more raw materials for synthetics. That means that the supply will eventually be exhausted. We can push the date out by finding more supply, but there's a finite amount to be found and it's going to be harder and more expensive to extract as time goes on (because the easier, cheaper stuff gets found and exploited sooner). Eventually though we are going to hit a hard exhaustion date where we just can't find any new supply. When that happens, do we want to have alternatives in place and ready to go with minimal disruption? Or do we want a mad last-minute scramble to replace everything on short notice and with no prep time?

  80. Re:We Wish (we had a strawman). by ebno-10db · · Score: 1

    Kunstler is not worth reading. He occasionally makes some accurate points, but they're in the nature of a stopped clock being right twice a day. He is neither an environmentalist nor someone concerned with natural resources (although he often claims to be one or both). At heart he is, and always has been, an urban planner. His vision of the future is for every place to be like Saratoga, NY, and he will latch onto any currently fashionable dire future prediction in order to demonstrate the historical inevitability of his urban planning vision. Back in the 90's he claimed Y2K would do it, but when the world didn't blow up on 1/1/2000, he shifted to environmentalism and natural resource constraints.

    I am not a "screw the environment" type, I believe that the limitless fossil fuel scenario in the Atlantic article is highly speculative (as the article itself says), and that AGW is real. However, anyone who tries to support their argument by citing someone as unserious and self-aggrandizing as Kunstler does their own argument a disservice.

  81. US LNG Exports limited by law by TheSync · · Score: 1

    Unlike pretty much any other industry, US liquid natural gas exporters have to get explicit permission from the US Department of Energy to export LNG.

    Recently it was reported that the DOE will likely only approve would likely approve only three out of the 20 applications under review for exporting natural gas.

    The price of natural gas in the US is way, way below the price of natural gas in Europe or Japan, and there is a huge amount of money to be made in exporting US LNG. Europe is currently held politically hostage by Russian natural gas supplies and prices.

    However given the length of the DOE process and the time to build LNG terminals, it is unlikely the US will become a major player in the international natural gas market until 2020 at the earliest.

    1. Re:US LNG Exports limited by law by ebno-10db · · Score: 1

      However given the length of the DOE process and the time to build LNG terminals, it is unlikely the US will become a major player in the international natural gas market until 2020 at the earliest.

      Good, because exporting natural gas won't help me or most Americans, but keeping the domestic supply cheap will. Which reminds me that I've got to replace my hot water heater.

  82. OIL and political malfeasance .. by dgharmon · · Score: 1

    "most oil nations are so corrupt that social scientists argue over whether there is an inherent bondâ"a âoeresource curseââ"between big petroleum deposits and political malfeasance" link

    That's because the 'democratic' west have made it their business to keep these countries corrupt, so as to maintain control of the OIL.

    The Secret of the Seven Sisters

    --
    AccountKiller
    1. Re:OIL and political malfeasance .. by ebno-10db · · Score: 1

      That's because the 'democratic' west have made it their business to keep these countries corrupt, so as to maintain control of the OIL.

      How did we manage to do that with Russia?

  83. Incalculable carbon fuel assets ? by dgharmon · · Score: 1

    "The premise is that there remain incalculable and little-understood carbon fuel assets which far outweigh all the fossil fuels ever discovered"

    Methane locked up in ICE, which when melted escapes mostly to the atmosphere and is an even more efficient source of greenhouse gas.

    --
    AccountKiller
  84. What people forget... by MouseTheLuckyDog · · Score: 1

    is that Henry Ford made his car to burn crude oil extracts (gasoline, diesel )[1], because these extracts were plentiful byproducts of processing crude oil. Even if we stopped using crude oil entirely for energy, we would still need it for rubbers, plastics, dyes, synthetic fibers, pharmaceuticals, etc.

    As for wind power, the energy just doesn't come from nowhere. The energy comes at the cost of reducing the wind, which reduces the strength of the jet stream and the rotation of the Earth. The result global derotation [2] and weather stagnation.

    Solar power is problematic. It's hard for an apartment dweller to use solar panels -- limited sunlight. As for using them in large tracts -- every acre used for solar panels is an acre taken away from growing green things that collect sunlight for photosynthesis.

    To sum up this part, I suggest that anyone advocating for renewable energy learn the second law of thermodynamics.

    The funniest thing however is that most of the people screaming about renewable energy are the ones that most oppose the one technology which has the greatest potential to displace oil as an energy source: nuclear power. I even remember when Clinton was first elected, he severely cut of funding to Argonne used to study safer ways of using nuclear power. Note that was not funding for nuclear power, but for studies to make nuclear power safer.

    [1] as opposed to wood or coal. Automobiles could have used these, locomotives already did.
    [2] If the warming chicken littles can blame blizzards on global warming I can claim derotation.

  85. haha money by australopithecus · · Score: 1

    im loving how many people ITT are concerned about the economics of these problems; as though money will somehow help us out on a planet destroyed by human greed. you can't eat money. you can't breathe it. you can't drink it. the potential (or are they actual now?) consequences of these problems are far above and beyond the context which most people seem to place them in.

  86. Oil supply != energy supply. by gestalt_n_pepper · · Score: 1

    What we're after is NET energy, which has been declining since the first wells were drilled. Whether we've reached peak quantity of oil doesn't matter so much. It's Net energy/price over time that matters.

    The bottom line is that nothing scales to the amount of energy that we get from oil (about 160 exajoules per year) except nuclear, and to sustain that, we'd have to start using thorium.

    That, plus improved battery technology may keep a few billion or so from starving if we build the plants and infrastructure in time to keep supply chains running. Otherwise, we're in for a little "extinction event" around the turn of the next century.

    --
    Please do not read this sig. Thank you.
  87. Re:Indifferent to it being infinite, it is plentif by iceaxe · · Score: 1

    Another way of looking at it is that the self interested industrialist will say or do almost anything to keep the gravy train a-rollin' for as long as can be finagled, and if it kills off the human race in a generation or two, well, that's their problem.

    On the other hand, I've heard rumors that energy companies are already preparing diversification strategies. (While the other hand keeps the gravy train going...)

    --
    WALSTIB!
  88. Perspective by s.petry · · Score: 1

    I don't agree that everything we hear is "OIL BAD", because you miss the other half of the market that claims everything except for oil will fail. Wind turbines were claimed to be killing birds. Solar power (not obama backed) has made progress but all people discuss in media is Solyndra.

    Facts not discussed? How about the fact that Solyndra and other companies are being put out of business by Chinese companies that have more government money than our companies do, to ensure Chinese monopolization? Yet we refuse to address trade imbalance, enforce tariffs, and are planning to expand NAFTA to the Asia Pacific.

    How about the fact that monopolization of energy has ensured that some companies simply fail? Why don't we punish the monopolies and/or collusion instead of ignoring it?

    How about the fact that lobbyists (who should be jailed for offering bribes) are writing laws deregulating some industries while over regulating others?

    There are many things to fix around the issue of oil. That does not make oil infinite as some people want you to believe. It also does not make coal/oil cleaner and safer than alternatives (which is what the overwhelming majority of "ego*" people are concerned with.).

    --

    -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

  89. Winger math. by Uberbah · · Score: 1

    This question is easier to ask when you're making well-above-average computer-programmer-level salaries and quadrupling the price of electricity and fuel (or something) and the various manufactured things which depend on that price isn't going to really ding your lifestyle.

    Ah, winger math. Where every cent sunk into a solar panel is a part of the cost, but none of the following are a cost of using fossil fuels:

    1. Higher A/C bills during record heat waves, like last year when parts of the south went more than a month with every day going over 100 degrees.

    2. Higher food costs as droughts kill crops or require more irrigation.

    3. Cost of fighting forest fires, made worse by drought.

    4. Flood fighting costs, as warmer winter air carries more water, for wetter snow and more spring rains.

    5. Rising cost of gasoline.

    6. Spending a trillion a year on the military-industrial-complex. What, you think it's coincidence that our military, regime changes, and supported coups are focused on the world's gas stations?

    7. Tornadoes and hurricanes turning huge swaths of the country into federal disaster areas. Warmer, more humid air == more powerful storms.

    Finally, even if you want to bury your head in your....sand on climate change, energy costs money. SAVING energy means SAVING MONEY.

  90. Wish against wish by WebCowboy · · Score: 1

    Well you can never say never...we certainly could run out of economically viable fossil fuels. Big elephant in the room in his argument is that he doesn't say when. That is because nobody really does know when peak oil will happen and everybody who has ever hazarded a guess has been completely wrong.

    I won't hazard a guess when we would hit a wall...but it is absolutely fact that even with factoring in large growth in demand that other is well over a century..maybe two..before we hit a wall in terms of supply.

    Anyone who does not accept the fact that even when our great grandchildren are senior citizens there will be enough oil and gas for everyone is deluded...just as deluded as those who think we can burn.it all with no effect on the climate or environment are deluded.

    That is why all the experts of today harp on about CO2 emissions and caps and climate. The old argument about turning your thermostat down and driving less because the oil will out that we had before was flat out wrong..the climate argument is much more convincing.

    Nonetheless there is still a peak oil strategy too. The whole anti-pipeline lobby is about that. The whole think about the chance of leaks etc. Is a sham..a distraction because the risk of a serious incident is extremely small. In fact the possibility of something as bad as Exxon Valdez or deepwater horizon is pretty much impossible with pipelines. The real reason for filibustering pipeline approvals is to create "artificial peak oil"...to make sure Athabasca oil sands and Bakken shale oil and tight oil and gas fields stay uneconomical when they don't have to be...unconventional oil is in fact profitable to produce at not much more than half WTI spot. The limiting factor is transport not production with today's tech and the visible environmental effects are quite benign (3/4 of bitumen reserves in Athabasca are too far down to mine and are recovered or will be recovered in-situ...no big ugly black pits and up grader smokestacks and such and the cost.and energy differential compared to conventional oil is shrinking rapidly.

    In any case I am not saying that it is OK to burn oil and gas all we want...we certainly should examine alternative energy and even more importantly focus on conservation and efficiency. However the anti pipeline and peak oil crowd are being intellectually dishonest and I find that quite sinister. I don't know the whole solution but it isn't ethical to be manipulative and misleading with the facts as this particular environmental lobby is being. There is something to be said for being reliant on energy that doesn't have to be sucked out of the ocean floor or floated across the ocean on leaky tankers from nations ruled by maniacal dictators who hate us and abuse their citizens.

    In the meantime perhaps we can have our governments encourage both domestic oil and gas production and transportation properly done AND conservation efforts...perhaps making investment in the latter a condition for industry to do the former.

    Lastly another little thought to ponder...perhaps it hasn't occurred to many yet...but maybe climate change is not only a fact but that we've already pushed ourselves over the tipping point...that nature has already established positive feedback loops of its own and that even if Humans suddenly vanished that the climate change that started with us would continue for centuries to come?

    Just like the thought that oil might not run out the thought that climate change is now unavoidable would ruin lobbying efforts to reduce consumption...it is dangerous thought perhaps but probably another inconvenient truth that we have to face...adapt or perish.

  91. Re:flat production since 2008 due to world recessi by dbIII · · Score: 1

    Did I say that? Once again, your own baggage.

  92. Why such a lie? by dbIII · · Score: 1

    No - every few years there's been a prediction. Now we've got a bump on the curve. Why lie about something which is just a graph of oil production over time?

  93. not by SuperBanana · · Score: 1

    I bought my SolarWorld 230W panels in 2010 for $2.30 a watt. Today I can buy 270W versions for $1 a watt. I can get Chinese A-brands, like Trina, for about $0.75.

    US$? Because I'm seeing $2/W prices on Trina modules.

  94. Re:Indifferent to it being infinite, it is plentif by Karmashock · · Score: 1

    The gravy train isn't disrupted by telling people that a resource they control will be more scarce. That would increase fuel prices and make them more wealthy.

    Econ 101.

    --
    I've decided to stop wasting my time responding to AC trolls/sockpuppets... so if you want a response from me... login.
  95. Re:I'm confused by petermgreen · · Score: 2

    "conventional" fossil fuel (and nuclear if you can find a way to shut up or bypass the nimbys) power plants can be put near where the powe is needed. They also for the most part* tend to generate power when the operators ask them to.

    Renewable generation has to be put where the resources are and tends to be far more erratic in it's output**.

    The result is that in a renewables powered world the grid will need to have much increased capacity for long distance transmission so that a supply peak in one area can be used to balance a load peak in another area. It is also likely to need storage.

    * Yes I know there is some downtime but afaict most of it can be scheduled in advance.
    ** With the exception of dam based hydro

    --
    note: i'm known as plugwash most places but i screwd up registering that here somehow in the past and now can't register
  96. Don't be so hasty by eyenot · · Score: 1

    Oh, like "scientists" suddenly arriving on-scene, at seemingly almost the last minute, to pitch in with their "findings", is a novel thing?

    Let's consider a few other ecological tipping-points or resource bell-curves and see how well scientific findings were applied in those situations, as a comparison to how valuable these findings related to oil futures (futures, mind you) really are.

    If global warming exists, it is history's most major industrial accident, so you'd think a careful study is backing the debate. Instead, self-proclaimed scientists argue conclusions predisposed by funding. Conflicting figures run amok, and science itself seems to break down: scientists don't know where 30-40% of projected carbon emissions "go" (Parsons, 145).

    In the midst of the climate debate, deforestation estimates differ by tens of thousands of square miles as do assessments of original forest areas (Shoumatoff, 340; Richards, 11).

    Not helping matters, in the 1990s the Global Climate Coalition, financed by large oil, coal, and auto industries, ran a disinformation campaign on global warming, finding an audience due to their emphasis on unbiased journalism (Casper, 143).

    Climate and tree-cutting aren't the only muddied issues: fishing "is fraught with scientific papers trying to write and rewrite history to excuse some and blame others" (Clover, 111).

    Scientists in the 1860s, pressured by British fishermen who had to fish farther and farther out to land any catch, began the inquiry into man's effect on "fisheries" (a term describing oceanic regions as industrial supplies.) Commission chairman Thomas Huxley maintained a view into the 1880s that: "in relation to our present modes of fishing... the most important sea fisheries... are inexhaustible," justified based on two assumptions: that fish catches are miniscule compared to what swims in the vast oceans, and that the effect of fishermen on their numbers was nil compared to that of their everyday struggle as marine life (Clover, 102). So began the tradition of failing to apply sound logic in solving the urgent problem of over-fishing.

    During the 1990s, the U.N. Food and Agriculture Organization stated fish catches were increasing yearly. In 2001, two researchers revealed catches actually declined since the 80s. Chinese officials had overstated their national statistic, their operations of government subverted beneath operations of industry: the officials were promoted only if statistics reflected increased production. The Chinese officials had recorded "by-catch" (a term for unsalable fish) as productive (Clover, 22; Cousteau, 149). As a direct result of their inventiveness, fishing was not done as if a scarcity were underway, which it was. Jacques Cousteau remarks, "such lapses by those who lead nations bewilder explorers who have led a team" (94).

    Cousteau notes further discrepancies: between the projected rate of nuclear power plant meltdown and the real thing (whereas pioneer risk assessments assured the world that a meltdown would occur only once for every 17,000 operating years per concurrently-operating plant, two meltdowns had occurred after only 4,000 operating years total for all plants world-wide); between the projected failure rate of space shuttles (once in 100,000 launches) and reality (Challenger, the 25th launch); and between claims versus motives when decisions affecting human lives are made "not to protect lives, but to protect investments" (pages 88, 92).

    So you see, these "scientists" seem to only gain a major stage and only seem to be listened to when they're actually the puppets of major industrial interests.

    Let's also take into consideration that oil trades on the global market and that the value of oil futures is volatile. Events like political instability in the middle east might make oil appear to be an unstable future and so values of futures will plummet. Saddam Hussein used this to his advantage numerous times by killing his brothers to drive oil prices down, buying oil futures, and then shaki

    --
    "Stratigraphically the origin of agriculture and thermonuclear destruction will appear essentially simultaneous" -- Lee
  97. Re:flat production since 2008 due to world recessi by peter303 · · Score: 1

    > Did I say that? Once again, your own baggage. You certainly did by claiming the peak was already reached in 2008. I had to correct your grossly inaccurate statements at least twice today.

  98. Running out? What about the environment? by Brawlking · · Score: 1

    Who cares if we run out of fossil fuels? The big problem is the impact that 50 more years of burning fossil fuels will have on the environment. Shoot all the oil into the sun for all I care, we need to protect the planet and stop exploiting it.

  99. we'll find other fuels that burn by ClassicASP · · Score: 1

    We like muscle cars. Vehicles that are LOUD that you can't not-notice. Its also expensive to drive because of fuel consumption, which shows that kind of money a guy can spend on a regular basis. Its what impresses the girls and is a key role in the human mating game. Thats a big market, and you can't do that with a fuel efficient hybrid or methane or propane or electrical or hydrogen based car as far as I'm aware. So as long as there's a market for loud vehicles that consume large amounts of fuel that cost a lot of money to own and drive, we're probably just gonna find something thats equivalent to, or worse than, gasoline.

  100. Humans too stupid by randyleepublic · · Score: 1

    Fossil fuels are humanity's swan song. We are too stupid and will die off. Oh well.

    --
    Social Credit would solve everything...
  101. What if crude oil was a renewable resource? by muskyhunter · · Score: 1

    And what if crude oil is found not to be that of a decaying biomass from long ago? Could crude oil be classified as a renewable energy source? http://www.viewzone.com/abioticoilx.html

  102. Grossly inaccurate is less than one percent now? by dbIII · · Score: 1

    Grossly inaccurate is less than one percent now?
    I'm not sure when that curve you are showing turned up, but at around this time last year the 2008 was the peak - maybe some more precise 2011 figures came up since.

  103. Re:flat production since 2008 due to world recessi by dbIII · · Score: 1

    I'd say it's instead "grossly inaccurate" to lump methane hydrates in with oil and to pretend that predictions of the inflection point (or whatever, hopefully just a bump this time) are equivalent to observation.

  104. Free market = no shortage by Atmchicago · · Score: 1

    If we operate in a free market, we will never run out of oil. Instead, the price will just keep on increasing.

    --

    You can lead a horse to water, but you can't make it dissolve.