Rapid drop in Petroleum prices could be a warning....

[Zorkorist]

Oil is just as cheap as it has ever been. The Arabs, can sell you all you can eat.

Peak Oil?

LOL

Plenty Oil.

-John

 

[Zorkorist]

What it is, is a plague on future generations. 500 years from now, there may be no oil left. We'll be sitting on a dry zit.

(our children.)

-John

 

[Zorkorist]

Because we burned it, for power.

When we had the technology for Nuclear Power.

-John

 

[Zorkorist]

Once you burn black,

it never comes back.

-John

 

[ralfy]

LOL, no.

Nuclear Energy returns equal or better fossil fuel returns.

http://www.eia.gov/electricity/annual/html/epa_08_01.html

All we are doing is boiling water. If you want to use fossil fuels to boil water, when we can do it by a clean, nuclear reaction, you are sick.

Those fossil fuels should be preserved for posterity, not burned up.

-John

That's just electricity. You have to include the use of petrochemicals, oil for mining, manufacturing, food production, and transport such as large cargo ships. In fact, oil is even used to manufacture components for renewable energy as well as infrastructure needed for nuclear power.

Also, consider energy quantity, the fact that what applies to oil will obviously apply to other material resources, the cost of storing waste, the length of the transition period:

http://www.businessinsider.com/131-years-to-replace-oil-2010-11

and so forth.

Unfortunately, the global economy needs energy sources with high energy returns and quantity plus provide petrochemicals.

 

[Zorkorist]

That's raping the earth.

As long as you understand what you are doing.

Nuclear Energy, is powerful, efficient and clean.

-John

 

[Zorkorist]

I hate to argue the stupid clause, but if Nuclear Energy is "just" electricity, do you understand that we can have virtually unlimited power, while producing it in a clean environment?

-John

 

[Zorkorist]

What we can't ever duplicate, is oil, coal, natural gas. These are all fossil fuels, natural resources, and once you burn them, they are gone forever.

-John

 

[Zorkorist]

We use them, fossil fuels, for plastics (amazing in themselves), among other things.

Burning them is tantamount to suicide.

-John

 

[Zorkorist]

Never mind Global Warming, and the emissions emitted by burning fossil fuels.

Climate Change.

Beachfront property in the Smoky Mountains.

-John

 

[Blanky]

Some call cvs get this guy's script refilled. Damn.

 

[Attic]

Recent technologies for fracking are not new. The reason they are being employed now is because the marginal cost for crude oil is high. The reason for that is peak oil.



That's my point. And the price went up because marginal costs are high. Marginal costs are high because of peak oil.



That's right. It's not about reserves.

Cost of oil to extract a Barrell of oil. What's story here, from my graph it appears the U.S. is extracting more oil than ever before by a large margin.

 

[ralfy]

I hate to argue the stupid clause, but if Nuclear Energy is "just" electricity, do you understand that we can have virtually unlimited power, while producing it in a clean environment?

-John

Many processes in mining, manufacturing, and food production require machines powered by diesel or bunker oil. Many components in both the process and the finished goods require petrochemicals.

 

[ralfy]

Cost of oil to extract a Barrell of oil. What's story here, from my graph it appears the U.S. is extracting more oil than ever before by a large margin.

It's the other way round given higher marginal costs and capex. More details in the first link shared here:

http://forums.anandtech.com/showpost.php?p=36963858&postcount=110