The End of Oil?

[phantom309]

Originally posted by: Steeplerot

Originally posted by: phantom309


It doesn't matter how many ways you silly hippies try to rationalize it. They'll never legalize pot in the U.S.

thats funny I can count 5 stores to buy pot (and smoke it) within a few blocks of my house and they advertise eighths of weed on the covers of the little newspapers like thrifty nickel.
Last I heard SF alone has 33 cannabis clubs and counting.

sorry you live in such a backward place, welcome to the 21st century.


BTW sad such a hateful person uses such a great man's song title for a username too.
Johnny Cash would be rolling in his grave if you mattered or had a clue about what you were talking about.

Johnny Cash didn't write "Phantom 309". Please don't embarrass yourself by attempting to speak for him.

I don't have any problem with legalizing pot. I just think this whole "OMG HEMP IS AN OPPRESSED VEGETABLE" movement is stupid, obvious and lame. It's like something a wheedling 12-year-old boy would come up with. If you want to get high, just say it.

Accusing me of coming from a backward place is hysterical, considering: a) you have no idea where I'm from, and: b) you live in a place permanently stuck in 1969 that has no idea about, and little to do with, the rest of America.

 

[0marTheZealot]

Mention shale oil to any oil industry people and you'll hear about Black Tuesday.

 

[Ozoned]

Originally posted by: 0marTheZealot
Mention shale oil to any oil industry people and you'll hear about Black Tuesday.

Black Tuesday
From Wikipedia, the free encyclopedia.
The phrase Black Tuesday refers to October 29, 1929, five days after the United States stock market crash of Black Thursday, when general panic set in and everyone with investments in the market tried to pull out of the market at once. This week and its aftermath marked the start of the Great Depression in the United States. While Black Tuesday is often cited as the worst day in Stock Market history, in terms of percentage loss the honor goes to Black Monday, 1987.

The phrase Black Tuesday has also been used to refer to September 11, 2001, the date of the terrorist attack that destroyed the World Trade Center. More recently, detractors of President George W. Bush have adopted the term in reference to November 2, 2004, the date of his election to a second term.

Black Tuesday has also come into use as a reference to the day Microsoft releases bundles of patches for its Windows operating systems: the second Tuesday of each month. These patches represent new software vulnerabilities, and the bulk release of patches is often followed closely by new viruses which exploit the holes the patches fix.

Black Tuesday can also refer to November 28, 1939, the date of the climax of a period of extreme smoke cover in downtown St. Louis, Missouri. The pollution was due primarily to the widespread use of bituminous coal, and resulted in near zero visibility and the use of streetlights in midday.




Which one?

 

[0marTheZealot]

Originally posted by: Ozoned

Originally posted by: 0marTheZealot
Mention shale oil to any oil industry people and you'll hear about Black Tuesday.

Black Tuesday
From Wikipedia, the free encyclopedia.
The phrase Black Tuesday refers to October 29, 1929, five days after the United States stock market crash of Black Thursday, when general panic set in and everyone with investments in the market tried to pull out of the market at once. This week and its aftermath marked the start of the Great Depression in the United States. While Black Tuesday is often cited as the worst day in Stock Market history, in terms of percentage loss the honor goes to Black Monday, 1987.

The phrase Black Tuesday has also been used to refer to September 11, 2001, the date of the terrorist attack that destroyed the World Trade Center. More recently, detractors of President George W. Bush have adopted the term in reference to November 2, 2004, the date of his election to a second term.

Black Tuesday has also come into use as a reference to the day Microsoft releases bundles of patches for its Windows operating systems: the second Tuesday of each month. These patches represent new software vulnerabilities, and the bulk release of patches is often followed closely by new viruses which exploit the holes the patches fix.

Black Tuesday can also refer to November 28, 1939, the date of the climax of a period of extreme smoke cover in downtown St. Louis, Missouri. The pollution was due primarily to the widespread use of bituminous coal, and resulted in near zero visibility and the use of streetlights in midday.




Which one?

ERP. It was Black Sunday lol.

 

[charrison]

Originally posted by: 0marTheZealot

Originally posted by: Ozoned

Originally posted by: 0marTheZealot
Mention shale oil to any oil industry people and you'll hear about Black Tuesday.

Black Tuesday
From Wikipedia, the free encyclopedia.
The phrase Black Tuesday refers to October 29, 1929, five days after the United States stock market crash of Black Thursday, when general panic set in and everyone with investments in the market tried to pull out of the market at once. This week and its aftermath marked the start of the Great Depression in the United States. While Black Tuesday is often cited as the worst day in Stock Market history, in terms of percentage loss the honor goes to Black Monday, 1987.

The phrase Black Tuesday has also been used to refer to September 11, 2001, the date of the terrorist attack that destroyed the World Trade Center. More recently, detractors of President George W. Bush have adopted the term in reference to November 2, 2004, the date of his election to a second term.

Black Tuesday has also come into use as a reference to the day Microsoft releases bundles of patches for its Windows operating systems: the second Tuesday of each month. These patches represent new software vulnerabilities, and the bulk release of patches is often followed closely by new viruses which exploit the holes the patches fix.

Black Tuesday can also refer to November 28, 1939, the date of the climax of a period of extreme smoke cover in downtown St. Louis, Missouri. The pollution was due primarily to the widespread use of bituminous coal, and resulted in near zero visibility and the use of streetlights in midday.




Which one?

ERP. It was Black Sunday lol.

So past failure only predicts future failure. Do you also fault the wright brothers for not building a 747 on the first pass?

 

[0marTheZealot]

Originally posted by: charrison

Originally posted by: 0marTheZealot

Originally posted by: Ozoned

Originally posted by: 0marTheZealot
Mention shale oil to any oil industry people and you'll hear about Black Tuesday.

Black Tuesday
From Wikipedia, the free encyclopedia.
The phrase Black Tuesday refers to October 29, 1929, five days after the United States stock market crash of Black Thursday, when general panic set in and everyone with investments in the market tried to pull out of the market at once. This week and its aftermath marked the start of the Great Depression in the United States. While Black Tuesday is often cited as the worst day in Stock Market history, in terms of percentage loss the honor goes to Black Monday, 1987.

The phrase Black Tuesday has also been used to refer to September 11, 2001, the date of the terrorist attack that destroyed the World Trade Center. More recently, detractors of President George W. Bush have adopted the term in reference to November 2, 2004, the date of his election to a second term.

Black Tuesday has also come into use as a reference to the day Microsoft releases bundles of patches for its Windows operating systems: the second Tuesday of each month. These patches represent new software vulnerabilities, and the bulk release of patches is often followed closely by new viruses which exploit the holes the patches fix.

Black Tuesday can also refer to November 28, 1939, the date of the climax of a period of extreme smoke cover in downtown St. Louis, Missouri. The pollution was due primarily to the widespread use of bituminous coal, and resulted in near zero visibility and the use of streetlights in midday.




Which one?

ERP. It was Black Sunday lol.

So past failure only predicts future failure. Do you also fault the wright brothers for not building a 747 on the first pass?

No, but the majors think that way. A lot of asset inertia stands in the way of shale oil.

 

[kage69]

you are just being naive now.

Not at all, it's just a piss poor analogy. While I understand what you are getting at, it just sounds so wrong.

 

[smc13]

What a load of nonsense. The saudis not producing more oil was an economic decision. They are making a ton of money by keeping production at current levels. No major underutilized areas? There are large deposits of oil in Siberia that the Russians aren't drilling for because it is a wildlife preserve. The reason that the US hit max production is because we don't permit more drilling in the Gulf of Mexico and in Alaska. Of course, all that means is we buy a lot of oil from Canada and Mexico now (we import more oil from them then anyone else besides Saudia Arabia).

We will have oil for a long time. I remember the predictions of the '70s that we would run out of oil in 15 years. I am still waiting. Gas prices will be down at least $.20 by years end. They already started going back down a little over a week ago.

 

[charrison]

Originally posted by: kage69

you are just being naive now.

Not at all, it's just a piss poor analogy. While I understand what you are getting at, it just sounds so wrong.

WHen only stone tools exists, stone was pretty important. They stopped being important after copper was discovered. Once oil becomes to expensive, we simply move onto another source of energy.

 

[charrison]

Originally posted by: smc13
What a load of nonsense. The saudis not producing more oil was an economic decision. They are making a ton of money by keeping production at current levels. No major underutilized areas? There are large deposits of oil in Siberia that the Russians aren't drilling for because it is a wildlife preserve. The reason that the US hit max production is because we don't permit more drilling in the Gulf of Mexico and in Alaska. Of course, all that means is we buy a lot of oil from Canada and Mexico now (we import more oil from them then anyone else besides Saudia Arabia).

We will have oil for a long time. I remember the predictions of the '70s that we would run out of oil in 15 years. I am still waiting. Gas prices will be down at least $.20 by years end. They already started going back down a little over a week ago.

Proven oil reserves are about twice what they were in the 70s.

 

[0marTheZealot]

Originally posted by: charrison

Originally posted by: smc13
What a load of nonsense. The saudis not producing more oil was an economic decision. They are making a ton of money by keeping production at current levels. No major underutilized areas? There are large deposits of oil in Siberia that the Russians aren't drilling for because it is a wildlife preserve. The reason that the US hit max production is because we don't permit more drilling in the Gulf of Mexico and in Alaska. Of course, all that means is we buy a lot of oil from Canada and Mexico now (we import more oil from them then anyone else besides Saudia Arabia).

We will have oil for a long time. I remember the predictions of the '70s that we would run out of oil in 15 years. I am still waiting. Gas prices will be down at least $.20 by years end. They already started going back down a little over a week ago.

Proven oil reserves are about twice what they were in the 70s.

Because large fields like the North Sea and ANWR were yet to be found. A more telling statistic is that for the last 20 years we have used more oil than we have found.

 

[charrison]

Originally posted by: 0marTheZealot

Originally posted by: charrison

Originally posted by: smc13
What a load of nonsense. The saudis not producing more oil was an economic decision. They are making a ton of money by keeping production at current levels. No major underutilized areas? There are large deposits of oil in Siberia that the Russians aren't drilling for because it is a wildlife preserve. The reason that the US hit max production is because we don't permit more drilling in the Gulf of Mexico and in Alaska. Of course, all that means is we buy a lot of oil from Canada and Mexico now (we import more oil from them then anyone else besides Saudia Arabia).

We will have oil for a long time. I remember the predictions of the '70s that we would run out of oil in 15 years. I am still waiting. Gas prices will be down at least $.20 by years end. They already started going back down a little over a week ago.

Proven oil reserves are about twice what they were in the 70s.

Because large fields like the North Sea and ANWR were yet to be found. A more telling statistic is that for the last 20 years we have used more oil than we have found.

I dont know if that is true or not, but there is still like a trillion barrels of proven reserves if memory serves me correctly.

 

[judasmachine]

Originally posted by: raildogg

Originally posted by: OS

Originally posted by: IAteYourMother
We will never run out of oil completely... production will just diminish until it isn't economically viable to do so anymore

yeah we'll just see gas prices go;
$2.50 /gallon
$3
$4
$5
$7
$10
....

yes. so buying a hybrid is making more and more sense as each day passes on.

I just hope people wake up and ditch those evil SUV's and start buying more enviroment-friendly vehicles.

This would help but it's really a stop gap measure. We need to go further and use lubricants made from more renewable resourses such as corn or something. And we need to generate the actual power from Hydrogen or something like it.

Oh and we need to do it NOW.

 

[cwjerome]

Reading this thread is interesting on a couple levels. Forgetting for a moment about my skepticism over some people's dire predictions, I can't help but notice that when gas goes up, liberals go goofy. Or is that a redundancy? In any case, they rant and rave about over-consumption of gas, and how it threatens the environment and national security. They try to force reduced consumption through regulation and prop up alternative resources through subsidies.

But if gas prices rise, which might actually DO SOMETHING to reduce consumption, the liberals denounce the increases and swing into action to reduce them. Ordinarily, the Left favors the environment over economic considerations, to the extent they admit such trade-offs are necessary. But it seems when it comes to gas prices, ideology takes a backseat to political opportunism. The unwillingness of the Libs to let prices do their work, even when the result would be to advance their favored policies, is remarkable. To be fair, it's not just the Left that prefers regulation to letting prices and markets do their work. But it does offer an especially interesting paradox.

 

[0marTheZealot]

Originally posted by: charrison

Originally posted by: 0marTheZealot

Originally posted by: charrison

Originally posted by: smc13
What a load of nonsense. The saudis not producing more oil was an economic decision. They are making a ton of money by keeping production at current levels. No major underutilized areas? There are large deposits of oil in Siberia that the Russians aren't drilling for because it is a wildlife preserve. The reason that the US hit max production is because we don't permit more drilling in the Gulf of Mexico and in Alaska. Of course, all that means is we buy a lot of oil from Canada and Mexico now (we import more oil from them then anyone else besides Saudia Arabia).

We will have oil for a long time. I remember the predictions of the '70s that we would run out of oil in 15 years. I am still waiting. Gas prices will be down at least $.20 by years end. They already started going back down a little over a week ago.

Proven oil reserves are about twice what they were in the 70s.

Because large fields like the North Sea and ANWR were yet to be found. A more telling statistic is that for the last 20 years we have used more oil than we have found.

I dont know if that is true or not, but there is still like a trillion barrels of proven reserves if memory serves me correctly.

Yep, we have about 1040 billion barrels of oil in proven and probable reserves. According to the Hubbert Model of Depletion, around 50% begins the decline. We are at 49% or so. We have about 40 years supply including all future discoveries (about 135 billion barrels if you simply smooth out the curve). However, 40 years supply assuming production stays at the level today and then drops off to nothing on 2045 Janurary 1st. Of course this isn't the case. Supply will slowly dwindle (as it has in 50+ countries).

 

[kage69]

WHen only stone tools exists, stone was pretty important. They stopped being important after copper was discovered. Once oil becomes to expensive, we simply move onto another source of energy.

I'm sorry, I guess I'm just a fan of comparing apples to apples. Comparing an almost worthless material that is found on all continents to a finite supply of a much-sought-after energy source (which has lead to wars) seems just silly. I agree though, once we reach the point of unsustainable diminishing returns, we will move onto something else. I hope the air and water can hold out till then.