Eddie Hobbs: "We are now at Peak Oil"

[fiannafailure]

Geckko,

You are the one who is bringing forward the fringe theory that Peak Oil is false. It is up to you to support your assertions.

reading your posts,though, suggests that you do not understand what Peak oil means.



There are several very large fields coming online in Brazil, for example.

Kensington
You are correct, however the oil from these fields will cost more to extract, the important thing to understand about peak oil is that in most cases, the increased cost of oil will make other technologies or methodologies cost effective, and there are very few uses for oil that cannot be supplied in a different way, leaving those things that need oil, an adequate supply. And as any parent will be aware, one of the best things to come from the oil industry was vaseline, and yet that is not one of the things that spring to mind when you hear the words peak oil, peak oil is not simply about filling the car with petrol.

[SPN]

There are several very large fields coming online in Brazil, for example.

The fields in Brazil, and off the West Coast of Africa, that are coming onstream are tiddlers compared to Cantarell and the North Sea.

[ibis]

Again with misinformation.

Oil production is not falling.

In some of the major oilfields - North Sea, Cantarell - it is declining by 20% per annum. I'm not aware of any new fields coming on stream that come anywhere near these two in terms of volume or potential flow rate.

World oil production:



We're on the peak oil plateau, so claims that "oil production is not falling" rather miss the point. I'm not sure why people outside the industry claim we're not at peak oil, because it's accepted within the industry. The question is how long the plateau lasts.

[Kensington]

'The fields in Brazil, and off the West Coast of Africa, that are coming onstream are tiddlers compared to Cantarell and the North Sea.'

No they aren't. They are very large indeed.

Fiannafailure,

I know that the problem is peak oil production. Higher oil prices will make tar sands, deep off-shore and oil shale more productive, but these oil sources will not be able to replace the declining production from the conventional wells.

Oil production will peak in the next few years.

[SPN]

The fields in Brazil, and off the West Coast of Africa, that are coming onstream are tiddlers compared to Cantarell and the North Sea.

No they aren't. They are very large indeed.

LOL!

They are "very large indeed", but they are tiddlers compared to the North Sea and Cantarell.

[fiannafailure]

'The fields in Brazil, and off the West Coast of Africa, that are coming onstream are tiddlers compared to Cantarell and the North Sea.'

No they aren't. They are very large indeed.

Fiannafailure,

I know that the problem is peak oil production. Higher oil prices will make tar sands, deep off-shore and oil shale more productive, but these oil sources will not be able to replace the declining production from the conventional wells.

Oil production will peak in the next few years.

So on that we are in complete agreement, oil will be around for a long time, but will never again be a cheap resource, so the question we have to answer is where do we go from here, it seems that gaia has taken action, so what form is our energy industry going to take, renewable, nuclear or zero point extraction from the quantum foam, we need to decide now

[SPN]

zero point extraction from the quantum foam

I heard the Labour Party was working on a new Energy Policy. Is that it?

[cd27]

Only 2 problems for Hobbs,

1. His thesis only holds if no new discoveries of oil are made.
2. No one can predict the future.

He's right to be concerned but almost certainly wrong

[SPN]

Only 2 problems for Hobbs,

1. His thesis only holds if no new discoveries of oil are made.
2. No one can predict the future.

He's right to be concerned but almost certainly wrong

1) It isn't "his thesis". It is a geological fact.

2) Oh yes they can.

[teach]

Only 2 problems for Hobbs,

1. His thesis only holds if no new discoveries of oil are made.2. No one can predict the future.

He's right to be concerned but almost certainly wrong

That's true, particulary when you take into account the hundreds of years worth of supplies of Tar Sands in Western Canada, and the possibility of converting algae lifeforms into engine oil- Algae fuel - Wikipedia, the free encyclopedia