Oil thread 9-7-06:Former BP head of Pipeline invokes 5th

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dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: DragonMasterAlex
Originally posted by: dmcowen674
1-2-2005 Firewood Sales Up As Oil Prices Rise

Seasoned firewood is now selling for roughly $180 to $230 a cord compared to between $140 and $160 a year ago

Ray Colton of Pittsfield, Vt., said his company has sold more than 4,000 cords this season, about 1,000 more than last year: "We're selling as fast as we produce," he said.

A cord is a stack of firewood 4 feet wide, 8 feet long and 4 feet high.

Oil prices are hovering at close to $2 a gallon in Maine, up more than 30 percent from a year ago. At $2.18 a gallon, kerosene is 56 cents more than last year. And propane averages $2.06 a gallon, up 43 cents from a year ago.

Prices are also up out West, including in Colorado, where local hardwood begins at $180 per cord and imported oak costs $300.

"Firewood at $180 a cord is still a deal compared to what it costs to heat your home with oil," he said.

Actually it has a *LOT* to do with supply and demand. The trouble is that we have an evil Cartel regulating supply in order to keep prices artificially high. Hardly the same thing as a total disconnect between supply and demand.

In any case, I'm pretty content with high oil prices. Why? Because the longer they keep up the high oil prices the more we'll invest in and develop alternative fuel technologies. Witness the explosion of hybrid car popularity and the impending Hydrogen powered cars. Long term, the only people who are going to end up screwed are the members of OPEC. And you know what? Piss on them. Let the whole middle east starve and rot once we don't need their oil anymore.

Jason

Crap, somebody better get the crud out of my eyes, I can't seem to find all those Hydrogen Gas Stations and sure don't see all those Hydrogen Cars driving down the street either :confused:

 

0marTheZealot

Golden Member
Apr 5, 2004
1,692
0
0
Alternatives don't get cost effective until oil hits $200 or so. Just letting you know.

Hydrogen is also a red herring. It takes more energy to get free molecular H2 than burning the H2 requires. As such, there needs to be an abundant source of energy, such as nukes or fossil fuels. Currently, nearly all hydrogen is made from the oxidation of CH4 to CO and H2. The US natural gas supply is precarious at best. At worst, we are in the beginning stages of permenant depletion.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Bahahahaha Texas blamed

3-2-2005 Oil Breaks Over $53 as Gas Hits New Peak

U.S. crude oil prices rose to a fresh four-month high over $53 a barrel Wednesday as refinery problems in Texas propelled gasoline up to an all-time peak.

"This market simply wants to go up," said Kyle Cooper, an analyst with Citigroup Global Markets.
===================================================
That line shopuld be in the "No sh!t sherlock thread" :roll:
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: 0marTheZealot
Alternatives don't get cost effective until oil hits $200 or so. Just letting you know.

Hydrogen is also a red herring. It takes more energy to get free molecular H2 than burning the H2 requires. As such, there needs to be an abundant source of energy, such as nukes or fossil fuels. Currently, nearly all hydrogen is made from the oxidation of CH4 to CO and H2. The US natural gas supply is precarious at best. At worst, we are in the beginning stages of permenant depletion.



Sure..whatever you say...

But just for grins, what is the first fuel that become cost effective when oil hits $200/barrel....just curious.
 

KMurphy

Golden Member
May 16, 2000
1,014
0
0
Originally posted by: charrison
Originally posted by: 0marTheZealot
Alternatives don't get cost effective until oil hits $200 or so. Just letting you know.

Hydrogen is also a red herring. It takes more energy to get free molecular H2 than burning the H2 requires. As such, there needs to be an abundant source of energy, such as nukes or fossil fuels. Currently, nearly all hydrogen is made from the oxidation of CH4 to CO and H2. The US natural gas supply is precarious at best. At worst, we are in the beginning stages of permenant depletion.



Sure..whatever you say...

But just for grins, what is the first fuel that become cost effective when oil hits $200/barrel....just curious.


charrison,

He is correct in the idea that no alternatives will be cheaper than oil at present or even the near future. As soon as an economical alternative transporation fuel comes about, OPEC will increase capacity and pump more. They have the resources and oil companies have the capital to pull this off. I don't know the exact price point; it's irrelevant for now anyway. Oil will always be priced cheaper than anything else; until the "real" decline begins. Once this real decline begins, the world will be in deep sh!t. There will be no alliances, each country for itself trying to secure the last drops.

Preparing for the next primary energy source is like preparing for retirement. At what point and what method do we use to force investment? Early adopters will be penalized on the global market. Do we want that penalty?
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: KMurphy
Originally posted by: charrison
Originally posted by: 0marTheZealot
Alternatives don't get cost effective until oil hits $200 or so. Just letting you know.

Hydrogen is also a red herring. It takes more energy to get free molecular H2 than burning the H2 requires. As such, there needs to be an abundant source of energy, such as nukes or fossil fuels. Currently, nearly all hydrogen is made from the oxidation of CH4 to CO and H2. The US natural gas supply is precarious at best. At worst, we are in the beginning stages of permenant depletion.



Sure..whatever you say...

But just for grins, what is the first fuel that become cost effective when oil hits $200/barrel....just curious.


charrison,

He is correct in the idea that no alternatives will be cheaper than oil at present or even the near future. As soon as an economical alternative transporation fuel comes about, OPEC will increase capacity and pump more. They have the resources and oil companies have the capital to pull this off. I don't know the exact price point; it's irrelevant for now anyway. Oil will always be priced cheaper than anything else; until the "real" decline begins. Once this real decline begins, the world will be in deep sh!t. There will be no alliances, each country for itself trying to secure the last drops.

Preparing for the next primary energy source is like preparing for retirement. At what point and what method do we use to force investment? Early adopters will be penalized on the global market. Do we want that penalty?



My poinst was, there are alternative energy sources that will exists well below $200/barrel of oil.
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
I agree charrison.
the market will adapt as oil becomes more expensive.
as a fuel, oil is dirt cheap.
 

SuperTool

Lifer
Jan 25, 2000
14,000
2
0
Burning wood is not going to work in an urban or suburban setting. You'd choke on the pollution if everyone started burning wood in such close proximity of each other.
 

0marTheZealot

Golden Member
Apr 5, 2004
1,692
0
0
Originally posted by: charrison
Originally posted by: KMurphy
Originally posted by: charrison
Originally posted by: 0marTheZealot
Alternatives don't get cost effective until oil hits $200 or so. Just letting you know.

Hydrogen is also a red herring. It takes more energy to get free molecular H2 than burning the H2 requires. As such, there needs to be an abundant source of energy, such as nukes or fossil fuels. Currently, nearly all hydrogen is made from the oxidation of CH4 to CO and H2. The US natural gas supply is precarious at best. At worst, we are in the beginning stages of permenant depletion.



Sure..whatever you say...

But just for grins, what is the first fuel that become cost effective when oil hits $200/barrel....just curious.


charrison,

He is correct in the idea that no alternatives will be cheaper than oil at present or even the near future. As soon as an economical alternative transporation fuel comes about, OPEC will increase capacity and pump more. They have the resources and oil companies have the capital to pull this off. I don't know the exact price point; it's irrelevant for now anyway. Oil will always be priced cheaper than anything else; until the "real" decline begins. Once this real decline begins, the world will be in deep sh!t. There will be no alliances, each country for itself trying to secure the last drops.

Preparing for the next primary energy source is like preparing for retirement. At what point and what method do we use to force investment? Early adopters will be penalized on the global market. Do we want that penalty?



My poinst was, there are alternative energy sources that will exists well below $200/barrel of oil.

They don't return profits if that same work was done using oil.

This is what the DoE says in the latest ASPO newsletter.

The Mitigation of the Peaking of World Oil ProductionSummary of an Analysis, February 8, 2005A recently completed study for the U.S. Department of Energy analyzed viable technologies to mitigate oil shortages
associated with the upcoming peaking of world oil production.1 Commercial or near-commercial options include improved vehicle fuel efficiency, enhanced conventional oil recovery, and the production of substitute fuels. While research and development on other options could be important, their commercial success is by no means assured,
and none offer near-term solutions.Improved fuel efficiency in the world?s transportation sector will be a critical element in the long-term reduction of liquid fuel consumption, however, the scale of effort required will inherently take time and be very expensive. For example, the U.S. has a fleet of over 200 million automobiles, vans, pick-ups, and SUVs. Replacement of just half with higher efficiency models will require at least 15 years at a cost of over two trillion dollars for the U.S. alone. Similar conclusions generally apply worldwide.Commercial and near-commercial options for mitigating the decline of conventional oil production include: 1) Enhanced Oil Recovery (EOR), which can help moderate oil production declines from older conventional oil fields; 2) Heavy oil/oil sands, a large resource of lower grade oils, now produced primarily in Canada and Venezuela; 3) Coal liquefaction, an established technique for producing clean substitute fuels from the world?s abundant coal reserves; and 4) Clean substitute fuels produced from remote natural gas. For the foreseeable future, electricity-producing technologies, e.g., nuclear and solar energy, cannot substitute for liquid fuels in most transportation applications. Someday, electric cars may be practical, but decades will be required before they achieve significant market penetration and impact world oil consumption. And no one has yet defined viable options for powering heavy trucks or airplanes with electricity.To explore how these technologies might contribute, three alternative mitigation scenarios were analyzed: One where action is initiated when peaking occurs, a second where action is assumed to start 10 years before peaking, and a third where action is assumed to start 20 years before peaking. Estimates of the possible contributions of each mitigation option were developed, based on crash program implementation.
Crash programs represent the fastest possible implementation - the best case. In practical terms, real-world action is certain to be slower. Analysis of the simultaneous implementation of all of the options showed that an impact of roughly 25 million barrels per day might be possible 15 years after initiation. Because conventional oil production decline will start at the time of peaking, crash program mitigation inherently cannot avert massive shortages unless it is initiated well in advance of peaking. Specifically,* Waiting until world conventional oil production peaks before initiating crash program mitigation leaves the world with a significant liquid fuel deficit for two decades or longer.1 Hirsch, R.L., Bezdek, R.H, Wendling, R.M. Peaking of World Oil Production: Impacts, Mitigation and Risk Management. DOE NETL. February 2005.1*
Initiating a crash program 10 years before world oil peaking would help considerably but would still result in a worldwide liquid fuels shortfall, starting roughly a decade after the time that oil would have otherwise peaked.* Initiating crash program mitigation 20 years before peaking offers the possibility of avoiding a world liquid fuels shortfall for the forecast period.Without timely mitigation, world supply/demand balance will be achieved through massive demand destruction (shortages), accompanied by huge oil price increases, both of which would create a long period of significant economic
hardship worldwide.Other important observations revealed by the analysis included the following:1. The date of world oil peaking is not known with certainty, complicating the decision-making process. A fundamental problem in predicting oil peaking is uncertain and politically biased oil reserves claims from many oil producing countries. 2. As recently as 2001, authoritative forecasts of abundant future supplies of North American natural gas proved to be excessively optimistic as evidenced by the recent tripling of natural gas prices. Oil and natural gas geology is similar in many ways, suggesting that optimistic oil production forecasts deserve to be viewed with considerable skepticism.3. In the developed nations, the economic problems associated with world oil peaking and the resultant oil shortages
will be extremely serious. In the developing nations, economic problems will be much worse. 4. While greater end-use efficiency is essential in the long term, increased efficiency alone will be neither sufficient
nor timely enough to solve the oil shortage problem in the short term. To preserve reasonable levels of economic prosperity and growth, production of large amounts of substitute liquid fuels will be required. While a number of substitute fuel production technologies are currently available for deployment, the massive construction effort required will be extremely expensive and very time-consuming, even on a crash program basis.5. Government intervention will be essential, because the economic and social impacts of oil peaking will otherwise
be chaotic, and crash program mitigation will need to be properly supported. How and when governments begin to seriously address these challenges is yet to be determined. Oil peaking discussions should focus primarily on prudent risk management, and secondarily on forecasting the timing of oil peaking, which will always be inexact. Mitigation initiated earlier than required might turn out to be premature, if peaking is slow in coming. If peaking is imminent, failure to act aggressively will be extremely damaging
worldwide.World oil peaking represents a problem like none other. The political, economic, and social stakes are enormous. Prudent risk management demands urgent attention and early action.


 

0marTheZealot

Golden Member
Apr 5, 2004
1,692
0
0
Originally posted by: Stunt
I agree charrison.
the market will adapt as oil becomes more expensive.
as a fuel, oil is dirt cheap.

Tell me please what energy source can substitute oil. I'd just like to hear some suggestions.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: 0marTheZealot
Originally posted by: charrison
Originally posted by: KMurphy
Originally posted by: charrison
Originally posted by: 0marTheZealot
Alternatives don't get cost effective until oil hits $200 or so. Just letting you know.

Hydrogen is also a red herring. It takes more energy to get free molecular H2 than burning the H2 requires. As such, there needs to be an abundant source of energy, such as nukes or fossil fuels. Currently, nearly all hydrogen is made from the oxidation of CH4 to CO and H2. The US natural gas supply is precarious at best. At worst, we are in the beginning stages of permenant depletion.



Sure..whatever you say...

But just for grins, what is the first fuel that become cost effective when oil hits $200/barrel....just curious.


charrison,

He is correct in the idea that no alternatives will be cheaper than oil at present or even the near future. As soon as an economical alternative transporation fuel comes about, OPEC will increase capacity and pump more. They have the resources and oil companies have the capital to pull this off. I don't know the exact price point; it's irrelevant for now anyway. Oil will always be priced cheaper than anything else; until the "real" decline begins. Once this real decline begins, the world will be in deep sh!t. There will be no alliances, each country for itself trying to secure the last drops.

Preparing for the next primary energy source is like preparing for retirement. At what point and what method do we use to force investment? Early adopters will be penalized on the global market. Do we want that penalty?



My poinst was, there are alternative energy sources that will exists well below $200/barrel of oil.

They don't return profits if that same work was done using oil.

This is what the DoE says in the latest ASPO newsletter.

The Mitigation of the Peaking of World Oil ProductionSummary of an Analysis, February 8, 2005A recently completed study for the U.S. Department of Energy analyzed viable technologies to mitigate oil shortages
associated with the upcoming peaking of world oil production.1 Commercial or near-commercial options include improved vehicle fuel efficiency, enhanced conventional oil recovery, and the production of substitute fuels. While research and development on other options could be important, their commercial success is by no means assured,
and none offer near-term solutions.Improved fuel efficiency in the world?s transportation sector will be a critical element in the long-term reduction of liquid fuel consumption, however, the scale of effort required will inherently take time and be very expensive. For example, the U.S. has a fleet of over 200 million automobiles, vans, pick-ups, and SUVs. Replacement of just half with higher efficiency models will require at least 15 years at a cost of over two trillion dollars for the U.S. alone. Similar conclusions generally apply worldwide.Commercial and near-commercial options for mitigating the decline of conventional oil production include: 1) Enhanced Oil Recovery (EOR), which can help moderate oil production declines from older conventional oil fields; 2) Heavy oil/oil sands, a large resource of lower grade oils, now produced primarily in Canada and Venezuela; 3) Coal liquefaction, an established technique for producing clean substitute fuels from the world?s abundant coal reserves; and 4) Clean substitute fuels produced from remote natural gas. For the foreseeable future, electricity-producing technologies, e.g., nuclear and solar energy, cannot substitute for liquid fuels in most transportation applications. Someday, electric cars may be practical, but decades will be required before they achieve significant market penetration and impact world oil consumption. And no one has yet defined viable options for powering heavy trucks or airplanes with electricity.To explore how these technologies might contribute, three alternative mitigation scenarios were analyzed: One where action is initiated when peaking occurs, a second where action is assumed to start 10 years before peaking, and a third where action is assumed to start 20 years before peaking. Estimates of the possible contributions of each mitigation option were developed, based on crash program implementation.
Crash programs represent the fastest possible implementation - the best case. In practical terms, real-world action is certain to be slower. Analysis of the simultaneous implementation of all of the options showed that an impact of roughly 25 million barrels per day might be possible 15 years after initiation. Because conventional oil production decline will start at the time of peaking, crash program mitigation inherently cannot avert massive shortages unless it is initiated well in advance of peaking. Specifically,* Waiting until world conventional oil production peaks before initiating crash program mitigation leaves the world with a significant liquid fuel deficit for two decades or longer.1 Hirsch, R.L., Bezdek, R.H, Wendling, R.M. Peaking of World Oil Production: Impacts, Mitigation and Risk Management. DOE NETL. February 2005.1*
Initiating a crash program 10 years before world oil peaking would help considerably but would still result in a worldwide liquid fuels shortfall, starting roughly a decade after the time that oil would have otherwise peaked.* Initiating crash program mitigation 20 years before peaking offers the possibility of avoiding a world liquid fuels shortfall for the forecast period.Without timely mitigation, world supply/demand balance will be achieved through massive demand destruction (shortages), accompanied by huge oil price increases, both of which would create a long period of significant economic
hardship worldwide.Other important observations revealed by the analysis included the following:1. The date of world oil peaking is not known with certainty, complicating the decision-making process. A fundamental problem in predicting oil peaking is uncertain and politically biased oil reserves claims from many oil producing countries. 2. As recently as 2001, authoritative forecasts of abundant future supplies of North American natural gas proved to be excessively optimistic as evidenced by the recent tripling of natural gas prices. Oil and natural gas geology is similar in many ways, suggesting that optimistic oil production forecasts deserve to be viewed with considerable skepticism.3. In the developed nations, the economic problems associated with world oil peaking and the resultant oil shortages
will be extremely serious. In the developing nations, economic problems will be much worse. 4. While greater end-use efficiency is essential in the long term, increased efficiency alone will be neither sufficient
nor timely enough to solve the oil shortage problem in the short term. To preserve reasonable levels of economic prosperity and growth, production of large amounts of substitute liquid fuels will be required. While a number of substitute fuel production technologies are currently available for deployment, the massive construction effort required will be extremely expensive and very time-consuming, even on a crash program basis.5. Government intervention will be essential, because the economic and social impacts of oil peaking will otherwise
be chaotic, and crash program mitigation will need to be properly supported. How and when governments begin to seriously address these challenges is yet to be determined. Oil peaking discussions should focus primarily on prudent risk management, and secondarily on forecasting the timing of oil peaking, which will always be inexact. Mitigation initiated earlier than required might turn out to be premature, if peaking is slow in coming. If peaking is imminent, failure to act aggressively will be extremely damaging
worldwide.World oil peaking represents a problem like none other. The political, economic, and social stakes are enormous. Prudent risk management demands urgent attention and early action.



No where in the article is $200/barrel oil mentioned.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: 0marTheZealot
Originally posted by: Stunt
I agree charrison.
the market will adapt as oil becomes more expensive.
as a fuel, oil is dirt cheap.

Tell me please what energy source can substitute oil. I'd just like to hear some suggestions.

coal gasification for one.
shale
biofuels
electricity(via nuclear power)
TDP(waste recycling)
methane hydrates
hydrogen(via nuclear)

Off the top of my head
 

0marTheZealot

Golden Member
Apr 5, 2004
1,692
0
0
Originally posted by: charrison
Originally posted by: 0marTheZealot
Originally posted by: charrison
Originally posted by: KMurphy
Originally posted by: charrison
Originally posted by: 0marTheZealot
Alternatives don't get cost effective until oil hits $200 or so. Just letting you know.

Hydrogen is also a red herring. It takes more energy to get free molecular H2 than burning the H2 requires. As such, there needs to be an abundant source of energy, such as nukes or fossil fuels. Currently, nearly all hydrogen is made from the oxidation of CH4 to CO and H2. The US natural gas supply is precarious at best. At worst, we are in the beginning stages of permenant depletion.



Sure..whatever you say...

But just for grins, what is the first fuel that become cost effective when oil hits $200/barrel....just curious.


charrison,

He is correct in the idea that no alternatives will be cheaper than oil at present or even the near future. As soon as an economical alternative transporation fuel comes about, OPEC will increase capacity and pump more. They have the resources and oil companies have the capital to pull this off. I don't know the exact price point; it's irrelevant for now anyway. Oil will always be priced cheaper than anything else; until the "real" decline begins. Once this real decline begins, the world will be in deep sh!t. There will be no alliances, each country for itself trying to secure the last drops.

Preparing for the next primary energy source is like preparing for retirement. At what point and what method do we use to force investment? Early adopters will be penalized on the global market. Do we want that penalty?



My poinst was, there are alternative energy sources that will exists well below $200/barrel of oil.

They don't return profits if that same work was done using oil.

This is what the DoE says in the latest ASPO newsletter.

The Mitigation of the Peaking of World Oil ProductionSummary of an Analysis, February 8, 2005A recently completed study for the U.S. Department of Energy analyzed viable technologies to mitigate oil shortages
associated with the upcoming peaking of world oil production.1 Commercial or near-commercial options include improved vehicle fuel efficiency, enhanced conventional oil recovery, and the production of substitute fuels. While research and development on other options could be important, their commercial success is by no means assured,
and none offer near-term solutions.Improved fuel efficiency in the world?s transportation sector will be a critical element in the long-term reduction of liquid fuel consumption, however, the scale of effort required will inherently take time and be very expensive. For example, the U.S. has a fleet of over 200 million automobiles, vans, pick-ups, and SUVs. Replacement of just half with higher efficiency models will require at least 15 years at a cost of over two trillion dollars for the U.S. alone. Similar conclusions generally apply worldwide.Commercial and near-commercial options for mitigating the decline of conventional oil production include: 1) Enhanced Oil Recovery (EOR), which can help moderate oil production declines from older conventional oil fields; 2) Heavy oil/oil sands, a large resource of lower grade oils, now produced primarily in Canada and Venezuela; 3) Coal liquefaction, an established technique for producing clean substitute fuels from the world?s abundant coal reserves; and 4) Clean substitute fuels produced from remote natural gas. For the foreseeable future, electricity-producing technologies, e.g., nuclear and solar energy, cannot substitute for liquid fuels in most transportation applications. Someday, electric cars may be practical, but decades will be required before they achieve significant market penetration and impact world oil consumption. And no one has yet defined viable options for powering heavy trucks or airplanes with electricity.To explore how these technologies might contribute, three alternative mitigation scenarios were analyzed: One where action is initiated when peaking occurs, a second where action is assumed to start 10 years before peaking, and a third where action is assumed to start 20 years before peaking. Estimates of the possible contributions of each mitigation option were developed, based on crash program implementation.
Crash programs represent the fastest possible implementation - the best case. In practical terms, real-world action is certain to be slower. Analysis of the simultaneous implementation of all of the options showed that an impact of roughly 25 million barrels per day might be possible 15 years after initiation. Because conventional oil production decline will start at the time of peaking, crash program mitigation inherently cannot avert massive shortages unless it is initiated well in advance of peaking. Specifically,* Waiting until world conventional oil production peaks before initiating crash program mitigation leaves the world with a significant liquid fuel deficit for two decades or longer.1 Hirsch, R.L., Bezdek, R.H, Wendling, R.M. Peaking of World Oil Production: Impacts, Mitigation and Risk Management. DOE NETL. February 2005.1*
Initiating a crash program 10 years before world oil peaking would help considerably but would still result in a worldwide liquid fuels shortfall, starting roughly a decade after the time that oil would have otherwise peaked.* Initiating crash program mitigation 20 years before peaking offers the possibility of avoiding a world liquid fuels shortfall for the forecast period.Without timely mitigation, world supply/demand balance will be achieved through massive demand destruction (shortages), accompanied by huge oil price increases, both of which would create a long period of significant economic
hardship worldwide.Other important observations revealed by the analysis included the following:1. The date of world oil peaking is not known with certainty, complicating the decision-making process. A fundamental problem in predicting oil peaking is uncertain and politically biased oil reserves claims from many oil producing countries. 2. As recently as 2001, authoritative forecasts of abundant future supplies of North American natural gas proved to be excessively optimistic as evidenced by the recent tripling of natural gas prices. Oil and natural gas geology is similar in many ways, suggesting that optimistic oil production forecasts deserve to be viewed with considerable skepticism.3. In the developed nations, the economic problems associated with world oil peaking and the resultant oil shortages
will be extremely serious. In the developing nations, economic problems will be much worse. 4. While greater end-use efficiency is essential in the long term, increased efficiency alone will be neither sufficient
nor timely enough to solve the oil shortage problem in the short term. To preserve reasonable levels of economic prosperity and growth, production of large amounts of substitute liquid fuels will be required. While a number of substitute fuel production technologies are currently available for deployment, the massive construction effort required will be extremely expensive and very time-consuming, even on a crash program basis.5. Government intervention will be essential, because the economic and social impacts of oil peaking will otherwise
be chaotic, and crash program mitigation will need to be properly supported. How and when governments begin to seriously address these challenges is yet to be determined. Oil peaking discussions should focus primarily on prudent risk management, and secondarily on forecasting the timing of oil peaking, which will always be inexact. Mitigation initiated earlier than required might turn out to be premature, if peaking is slow in coming. If peaking is imminent, failure to act aggressively will be extremely damaging
worldwide.World oil peaking represents a problem like none other. The political, economic, and social stakes are enormous. Prudent risk management demands urgent attention and early action.



No where in the article is $200/barrel oil mentioned.


Reading between the lines is hard isn't it :)
 

Stunt

Diamond Member
Jul 17, 2002
9,717
2
0
Originally posted by: charrison
Originally posted by: 0marTheZealot
Originally posted by: Stunt
I agree charrison.
the market will adapt as oil becomes more expensive.
as a fuel, oil is dirt cheap.

Tell me please what energy source can substitute oil. I'd just like to hear some suggestions.

coal gasification for one.
shale
biofuels
electricity(via nuclear power)
TDP(waste recycling)
methane hydrates
hydrogen(via nuclear)

Off the top of my head
mmmhhmmm, all of which will help as oil price gets high enough to economically warrent these new technologies. They will be phased in as oil is depleted and oil costs skyrocket.
So much doom and gloom over nothing but adapting to our environment.

All one can do at this point is invest in the only economically viable fuel source (oil and gas), ride the gravy train until it hits these insane values. I've started investing already and i'm a university student :)
 

0marTheZealot

Golden Member
Apr 5, 2004
1,692
0
0
Originally posted by: charrison
Originally posted by: 0marTheZealot
Originally posted by: Stunt
I agree charrison.
the market will adapt as oil becomes more expensive.
as a fuel, oil is dirt cheap.

Tell me please what energy source can substitute oil. I'd just like to hear some suggestions.

coal gasification for one.

Coal needs oil to be mined. Coal is a dirty fuel that messes up the environment. Miners are 45 years old on average, so we need a whole new generation of miners. Coal is mined not pumped, so it is much more difficult to ramp up production. In fact, I think coal demand is damn near pushed to the wall with supply.


Energy loser. It takes more energy to make oil from shale than the shale oil will provide. Of absolute no use as an energy source


Difficult to ramp up production. Dr. Pimental has done calculations that show that it would take 97% of the US land mass (not just arable land) to supply all the cars with ethanol. Biodiesals are better, but no where near the productivity as oil. Most biofuels also are depended on pesticides and fertilizers, which are derived from oil and natural gas. Both of which are non-renewable.

electricity(via nuclear power)

Oil is not used for electric generation nowadays. It is simply inefficent to burn oil to turn turbines. This is a non-issue. Also, we haven't even been renewing nuclear power plants, we simply decomission them.

TDP(waste recycling)

It not a source of energy. It takes more energy to make petrol products than the feed provides. It is also less than a drip compared to demand. Ramping up production would take the largest building project ever. Also, the oil-equivalent costs ~80 dollars a barrel.

methane hydrates

We get ZERO energy from hydrates. We just now comissioned a study to study the viability. Most geologists say this is a no starter because of how the hydrates are arrayed.
http://www.dieoff.org/page225.htm

hydrogen(via nuclear)

Do you mean fusion? That is the only way hydrogen can be an energy source. Fusion is at least 15 years away.


Nothing can replace the versatility of oil. Some of these alternatives are technically viable, but can not be scaled up to meet oil's decline (3-5% yearly after the peak). The DoE letter also says it will take 10-20 years to mobilize anything at tremendous cost.
 

0marTheZealot

Golden Member
Apr 5, 2004
1,692
0
0
Originally posted by: Stunt
Originally posted by: charrison
Originally posted by: 0marTheZealot
Originally posted by: Stunt
I agree charrison.
the market will adapt as oil becomes more expensive.
as a fuel, oil is dirt cheap.

Tell me please what energy source can substitute oil. I'd just like to hear some suggestions.

coal gasification for one.
shale
biofuels
electricity(via nuclear power)
TDP(waste recycling)
methane hydrates
hydrogen(via nuclear)

Off the top of my head
mmmhhmmm, all of which will help as oil price gets high enough to economically warrent these new technologies. They will be phased in as oil is depleted and oil costs skyrocket.
So much doom and gloom over nothing but adapting to our environment.

All one can do at this point is invest in the only economically viable fuel source (oil and gas), ride the gravy train until it hits these insane values. I've started investing already and i'm a university student :)

The problem with all alternatives is that they need oil to get started. As oil increases in price, these too will increase in price.

Oil mines the raw materials needed for construction, transports the raw materials needed for construction, works in construction and acts as solvents for materials needed in nuke plants, solar, wind, biofuels etc etc. None of these are really independant of oil.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: 0marTheZealot
Originally posted by: charrison
Originally posted by: 0marTheZealot
Originally posted by: Stunt
I agree charrison.
the market will adapt as oil becomes more expensive.
as a fuel, oil is dirt cheap.

Tell me please what energy source can substitute oil. I'd just like to hear some suggestions.

coal gasification for one.

Coal needs oil to be mined. Coal is a dirty fuel that messes up the environment. Miners are 45 years old on average, so we need a whole new generation of miners. Coal is mined not pumped, so it is much more difficult to ramp up production. In fact, I think coal demand is damn near pushed to the wall with supply.


Convert electric to nuclear power, leave coals available for gassification. More mines can be opened. Coal mining requires far fewere workers than it did in the past. No insurmountable problems here




Energy loser. It takes more energy to make oil from shale than the shale oil will provide. Of absolute no use as an energy source



That is false, It does require energy to get it into a usable format, but it is a net positive in the end.




Difficult to ramp up production. Dr. Pimental has done calculations that show that it would take 97% of the US land mass (not just arable land) to supply all the cars with ethanol. Biodiesals are better, but no where near the productivity as oil. Most biofuels also are depended on pesticides and fertilizers, which are derived from oil and natural gas. Both of which are non-renewable.

while no doubt it would take much farmland to produce biofuels, it is not an impossible task to produce net positive energy this way. Iwould be curious to know how many barrels of grain alcohol is produced every year :D



electricity(via nuclear power)

Oil is not used for electric generation nowadays. It is simply inefficent to burn oil to turn turbines. This is a non-issue. Also, we haven't even been renewing nuclear power plants, we simply decomission them.

If you have not noticed there is a new movement for new nuke plants happening in this country. Imagine hybrid cars getting plugged in to keep their batteries charged so they start the day off with a full charge.



TDP(waste recycling)

It not a source of energy. It takes more energy to make petrol products than the feed provides. It is also less than a drip compared to demand. Ramping up production would take the largest building project ever. Also, the oil-equivalent costs ~80 dollars a barrel.


It is not an energy sourcem, but it takes what would other wise be waste and converts it back into usable energy. It produces a net positive energy gain(it it takes 15 units of energy to produce 85 units of energy from 100 units of waste). If oil was $80 there would be massive construction of such plants. This technology has a bright future.


methane hydrates

We get ZERO energy from hydrates. We just now comissioned a study to study the viability. Most geologists say this is a no starter because of how the hydrates are arrayed.
http://www.dieoff.org/page225.htm



quoting die off....how about a more reputable source


hydrogen(via nuclear)

Do you mean fusion? That is the only way hydrogen can be an energy source. Fusion is at least 15 years away.


no, I mean gas. Todays cars can on hydrogen gas with only very minimal retrofit. Producing such gas required does require energy to do so. Nuclear/solar/turbines are a natural fit to produce such gas economically.



Nothing can replace the versatility of oil. Some of these alternatives are technically viable, but can not be scaled up to meet oil's decline (3-5% yearly after the peak). The DoE letter also says it will take 10-20 years to mobilize anything at tremendous cost.



You really need to come back to reallty. There is still going to be plenty of oil in the ground when we stop using it. The stone age did not end for lack of stones.
 

0marTheZealot

Golden Member
Apr 5, 2004
1,692
0
0
Converting the US's electricity to nuclear power would take at least a generation. A single nuclear power plant takes several billion dollars and 10 years to build. You still haven't addressed the point that coal requires oil to dig up (up to 50% of coal production comes from oil based machines in many mines). As the cost of oil goes up so does coal.

Shale has never produced a usable form of energy. Exxon, Occidental, ChevronTexaco etc etc have tried their hands at the Colorado oil shales and haven't been able to make a profit. The Alberta oil sands are different. If we have such a huge reserve of oil shale, why do we import oil from dangerous regimes? Why not simply take the money hit and not lay in bed with snakes?

About biofuels, ethanol is a plain loser. Look at some of Pimental's work. Biodiesal is better but no where near as much as oil can provide. I should know, I'm getting a degree in bioengineering with an emphasis on alternative fuels.

The DoE article I showed you shows that it would take 15 years and 2 trillion dollars to retrofit half of our car fleet. It is not at no cost and it will take a lot of time. There is a push for nukes yes, but remember, nuke plants take billions of dollars and 10 years to make.

The TDP energy efficency is said in a roundabout way. The 85% efficency means that you put in 100 units of energy to get 85. Otherwise they would be violating the second law of thermodynamics. It is a good technology, but it won't replace oil. You need 13,000 plants today to meet US imports only.

The dieoff article is written by Jean Laherre, it is only linked. He is a reputadble geologist with decades of experience with the oil Majors. Look at the authors.

Again, reference the DoE article. It would take 15 years and 2 trillion dollars to retrofit our car fleet. This is "at little cost" and "minimal retrofit." Again, nuclear power plants take 10 years and billions of dollars. Not to mention construction takes oil at every single level.

Solar, wind and nuclear power plants all need materials that are mined from oil, transported with oil and constructed with oil. This doesn't even touch on the things that oil provides in other aspects, such as solvents and catalysts.

We will stop using oil, the last barrels will cost so much that it will not be economical to use. What will happen is we will resort to a less energy intensive way of life. Alternatives will play a role post-oil, but they won't allow us to live with the luxuries oil provides.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: charrison
You really need to come back to reallty.
There is still going to be plenty of oil in the ground when we stop using it.
The stone age did not end for lack of stones.

:roll: New sig material. One of the nutiest lines of bull in P&N next to the Bush Fan Bois.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: 0marTheZealot
Converting the US's electricity to nuclear power would take at least a generation. A single nuclear power plant takes several billion dollars and 10 years to build.

They could be built in much less time. Take a look at industrial production that happened from 1942-1945. A simply amazing of amout of stuff was produced in a very short amount of time. Dramatic chamge couple happen in a few short years




You still haven't addressed the point that coal requires oil to dig up (up to 50% of coal production comes from oil based machines in many mines). As the cost of oil goes up so does coal.

Coal required energy to dig up, not oil. Once again this is not an insurmountable problem. This is easly solved by coal gassification and electric powered vehicles.





Shale has never produced a usable form of energy. Exxon, Occidental, ChevronTexaco etc etc have tried their hands at the Colorado oil shales and haven't been able to make a profit.

There is a large difference between never made a profit and never turned into usefull energy.



The Alberta oil sands are different. If we have such a huge reserve of oil shale, why do we import oil from dangerous regimes? Why not simply take the money hit and not lay in bed with snakes?


oil is cheap, shale is not. Oneday that will likely change. This is a problem of simple economics.


About biofuels, ethanol is a plain loser. Look at some of Pimental's work. Biodiesal is better but no where near as much as oil can provide. I should know, I'm getting a degree in bioengineering with an emphasis on alternative fuels.


Congrats, smart people like yourself(provided you do no stay blinded) will solve these coming energy problems. No one option is going to be the solution, but a combination of solutions will. Keep your mind open if you want to be a good engineer.





The DoE article I showed you shows that it would take 15 years and 2 trillion dollars to retrofit half of our car fleet. It is not at no cost and it will take a lot of time. There is a push for nukes yes, but remember, nuke plants take billions of dollars and 10 years to make.

Conversion of fleet to use hydrogen as an energy source is trival retrofit and could be done very quickly.




The TDP energy efficency is said in a roundabout way. The 85% efficency means that you put in 100 units of energy to get 85. Otherwise they would be violating the second law of thermodynamics. It is a good technology, but it won't replace oil. You need 13,000 plants today to meet US imports only.

It would not require 13,000 plants, it would just require more larger plants. You have still offered no proof such a plant would not scale to larger sized. Also converting waste to usable energy does not violate the laws of thermodynamics. You description of how TDP uses energy is just false.



The dieoff article is written by Jean Laherre, it is only linked. He is a reputadble geologist with decades of experience with the oil Majors. Look at the authors.
[/b]
He may be reputable, but the site is not. This same kinda thing happened with y2k.[/b]


Again, reference the DoE article. It would take 15 years and 2 trillion dollars to retrofit our car fleet. This is "at little cost" and "minimal retrofit." Again, nuclear power plants take 10 years and billions of dollars. Not to mention construction takes oil at every single level.


It depends on what the retrofit is. conversion to burn hydrogen gas is inexpensive. Converting vehicles to electric hybrid would be far more expensive



Solar, wind and nuclear power plants all need materials that are mined from oil, transported with oil and constructed with oil. This doesn't even touch on the things that oil provides in other aspects, such as solvents and catalysts.
They need things that are mined using energy. Oil is not the only source, even thought you think it is.





We will stop using oil, the last barrels will cost so much that it will not be economical to use. What will happen is we will resort to a less energy intensive way of life. Alternatives will play a role post-oil, but they won't allow us to live with the luxuries oil provides.

or other energy will be cheap enough for us not too chase what is left in the ground. There will be plenty of energy in the future, but it will not be oil.

 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
3-4-2005 Gas prices might increase 24 cents

"It's going to be brutal, horrendous," says Peter Beutel, president of energy-price tracker Cameron Hanover. He has followed energy markets for nearly three decades.

"Petronoia is in full flower. Retail gasoline has some 25 to 28 cents a gallon in increases ahead just to catch up to what has happened with wholesale (gas prices) since Christmas week," says Tom Kloza, senior analyst at the Oil Price Information Service.

Petronoia is Kloza's description of when petroleum traders become irrationally afraid there won't be enough oil and gasoline later, so they buy now, bidding up prices.

The U.S. dollar has fallen in value recently, also, and foreign oil sellers, who control most supplies, want more dollars per barrel to compensate.

Adjusted for inflation, gas would have to hit about $2.95 for a record.

 

conjur

No Lifer
Jun 7, 2001
58,686
3
0
$80/barrel, eh?

Hmm...perhaps it's time to invest in these oil companies and use the profits for good.