"Globally, according to some geologists? estimates, we have discovered 94 percent of all available oil. "
Reading comprehension problems???
"Globally, according to some geologists? estimates, we have discovered 94 percent of all available oil. "
Reading comprehension problems???
Which of the people is the official spokesperson for MIT on this issue ?
That's my point, not what the article says..
The author should add 'that is harvestable using current technologies'. Currently, if it's under more than 3,000 feet of water it's pretty much off-limits due to offshore platform construction limitations.
I read somewhere that there are semisubmersibles that can drill up to 35000 feet in water depths up to 10000 feet............
We know better than you, that's all.Originally posted by: dmcowen674
Of course (AOA) America's Oil Apologists know better, what was I thinking???
Yes, but then the oil has to be pumped from there to a platform. The platform can't be in >3,000 feet of water currently.
MIT is a big name in the academic world, but what makes them an expert on oil?
I'd be more inclined to believe a geologist who works for an oil company, who actually knows something about how much of the stuff there is, how much there likely is that we haven't discovered, and how much we can likely extract, because his job depends on it.
I'd be more inclined to believe a geologist who works for an oil company, who actually knows something about how much of the stuff there is, how much there likely is that we haven't discovered, and how much we can likely extract, because his job depends on it.
"Yes, but then the oil has to be pumped from there to a platform. The platform can't be in >3,000 feet of water currently."
It appears that they are already in operation.....http://www.noblecorp.com/rig/gulffrX.html
It appears that they are already in operation.....http://www.noblecorp.com/rig/gulffrX.html
Originally posted by: dmcowen674
Of course (AOA) America's Oil Apologists know better, what was I thinking???
Hey, all I am saying is something shouldn't be attributed to a person or organization, unless they actually said it.
I want to know if it is the official position of MIT that this is the current state of affairs, and who at MIT has the authority to represent that as being the case ?
My question has notrhing to do with the merits of the article, just whether it's correct to attribute it to MIT..
Because part of the import of this thread, is it claims a new level of validity because the position is endorsed by MIT.
You can have a freefloating structure in the Gulf, sure. Not in the oceans though. You'll note that the deeper stuff in the oceans are drilling ships, which don't have nearly the capabilities of platforms and so on, while some of the others are underwater pumping stations. The reason there's a depth limit currently is because at that depth, the steel supports currently used to anchor platforms start to collapse under their own weight. I was offered a research project to scale up carbon fiber cables that could be used to anchor them to depths of about 30,000 feet. That's the only reason I have any idea about these things.
Oil is never going to run out. This is because a significant fractions (usually above 70%) always remains in every resouviour
Originally posted by: Tom
Originally posted by: dmcowen674
Of course (AOA) America's Oil Apologists know better, what was I thinking???
Hey, all I am saying is something shouldn't be attributed to a person or organization, unless they actually said it.
I want to know if it is the official position of MIT that this is the current state of affairs, and who at MIT has the authority to represent that as being the case ?
My question has notrhing to do with the merits of the article, just whether it's correct to attribute it to MIT..
Because part of the import of this thread, is it claims a new level of validity because the position is endorsed by MIT.
My point in pointing out that MIT wrote about Peak Oil is that the concept of Peak Oil is getting increased attention. Soon maybe we will see even "mainstream" media (like FOX News
) discuss Peak Oil as a concept influencing US foreign and domestic policies. 
daniel1113
Diamond Member
- Jun 6, 2003
- 6,448
- 0
- 0
Bank says Saudi's top (oil) field in decline
http://english.aljazeera.net/NR/exeres/08B97BCF-7BE6-4F1D-A846-7ACB9B0F8894.htm
What is the state of Australia's oil reserves?
http://www.theage.com.au/news/National/...04/11/1113071910130.html?oneclick=true
Shell pumps twice as much as it finds
But similar to industry trend where private oil companies can't locate large future reserves.
http://money.cnn.com/2005/03/31/news/international/shell.reut/
http://english.aljazeera.net/NR/exeres/08B97BCF-7BE6-4F1D-A846-7ACB9B0F8894.htm
What is the state of Australia's oil reserves?
http://www.theage.com.au/news/National/...04/11/1113071910130.html?oneclick=true
Shell pumps twice as much as it finds
But similar to industry trend where private oil companies can't locate large future reserves.
http://money.cnn.com/2005/03/31/news/international/shell.reut/
StageLeft
No Lifer
- Sep 29, 2000
- 70,150
- 5
- 0
Yeah, it will definitely happen, but if oil supplies dwindle quickly, or it's REALLY HARD to come up with these other technologies at a good price, they may not be viable until oil is very expensive. Money, afterall, runs all of this. Our entire society now could run on nuclear power and electric cars (running from nuclear plants), solar power, wind, etc. The problem is they are a pain in the ass and/or too expensive. Only when gas hits a high enough level will we resort to it, so the question is: How high will oil be before it's no longer the cheapest and best thing? The lower, the better for us. If it's high there will be many growing pains.
We also need petroleum products to produce synthetic fertilizers to grow food. Even without reductions in petroleum use, world food production has declined in recent years, due to suburban sprawl in the West, urbanization in China, and so forth.
I've seen large scale coal liquefaction estimates for the cost of producing a barrel of oil lower than $50/barrel and production of oil from CO2 + H20 using nuclear power below $100/barrel, so it should be economic well below $6 a gallon, though it will take some time to build enough production plants to do so.
I haven't read the guy's book, so I don't know how accurate his predictions are, but I thought people would find the summary article interesting.
Can the U.S. stop using oil by 2050?
http://moneycentral.msn.com/content/invest/extra/P113797.asp
Can the U.S. stop using oil by 2050?
http://moneycentral.msn.com/content/invest/extra/P113797.asp
The main problem with alterntive fuels like hydrogen is they require a significant amount of oil to manufacturer. So it won't be saving oil at all. Hydrogen fuel cars are a pipe dream.
I did an experiment in the 7th grade where we separated oxygen and hydrogen from water with just a little elctricity and a silver dime. I have seen some articles where a solar panel can be used for the power source to separate hydrogen from water. This is the type of technology that is used to make a Fuel Cell in reverse. Sounds simple but you may end up with both Oxygen and Hydrogen. Oxygen is a bit flamable.
However some person decided that supercooling hydrogen was the best way to create a usable fuel for a hydrogen based automobile. This takes a bit of doing. It is not a simple process. The concept is simple, but the application is not that easy. Takes a lot of power to complete the process.
However some person decided that supercooling hydrogen was the best way to create a usable fuel for a hydrogen based automobile. This takes a bit of doing. It is not a simple process. The concept is simple, but the application is not that easy. Takes a lot of power to complete the process.
Oil DEPENDANCY should be our #1 national security concern.
Frankly, I don't give a sh*t if we're running out of oil or not. We need to get off oil to get out from under the OPEC thumb. PERIOD.
Frankly, I don't give a sh*t if we're running out of oil or not. We need to get off oil to get out from under the OPEC thumb. PERIOD.
Does anybody know how much the price of gas has to increase in order for coal liquification to be profitable? It would give us an idea of the upper end of gas price increases (even under the worst case scenario- all oil runs out). In some ways, running out of oil may be a good thing for us. We will still have coal and can export it.
Is there any way to use vegetable oil as fuel? We have tons of corn that can produce vegetable oil....
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes Discussion Threads
- Started by Tigerick
- Replies: 21K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
-
-
Facebook
Twitter