Peak Oil
Out of context: Reply #8
- Started
- Last post
- 10 Responses
- raf0
In the 70's an elitist organization called The Club of Rome predicted that we'd reach peak oil in 2003. This of course did not happen, but has always helped in keeping the prices high.
As it turns out today, there's still plenty of oil left:
"Giant new oil fields have been discovered off the coasts of Africa and Brazil. The new oil sands projects in Canada now supply more oil to the United States than Saudi Arabia does. Oil production in the United States increased last year, and the Department of Energy projects further increases over the next two decades.
The really good news is the discovery of vast quantities of natural gas. It’s now selling for less than half of what it was five years ago. There’s so much available that the Energy Department is predicting low prices for gas and electricity for the next quarter-century. Lobbyists for wind farms, once again, have been telling Washington that the “sustainable energy” industry can’t sustain itself without further subsidies. "
http://www.nytimes.com/2010/12/2…Interestingly, theory of abiotic (or abiogenic, non-organic) origin of oil (Mendeleev et al) was never proven false.
http://en.wikipedia.org/wiki/Abi…What does that theory mean? There is a strong likelihood of reserves of oil in deeper layers of the planet being many multiple times larger than we ever suspected. There is even a possibility of oil being a renewable energy produced constantly at extreme depths.
Let's not focus on whether or not this theory is true (we have no way of checking anyway, just like with the theory you already knew).
Could you imagine what would happen to oil prices if abiotic theory was taught alongside the official one, which is just as unproven? If everyone didn't think oil was scarce?
- I do believe peak oil is fraud. Like global warming. But we still need to do something about itVikingKingEleven