Yet another Peak Oil Article... not very cheery...
- Thread starter jsv416
- Start date
So that doesn't count the Canadian tar sands? How about overall production from all sources?
Your best source is theoildrum.com if you are really interested.
The problem with tarsand is scalability. Just like certain trading strategies can not be used above a certain size, the max. output of the tarsands won't be bigger than 4 mbpd, ever. And currently it is only above 1 mbpd and it will take at least a decade to hike it up to 4.
So it counts for a little, but not enough and not soon enough. Here is an earlier thread on peak oil:
http://elitetrader.com/vb/showthrea...31&perpage=20&highlight=peak oil&pagenumber=1
One good chart from it:
The problem with tarsand is scalability. Just like certain trading strategies can not be used above a certain size, the max. output of the tarsands won't be bigger than 4 mbpd, ever. And currently it is only above 1 mbpd and it will take at least a decade to hike it up to 4.
So it counts for a little, but not enough and not soon enough. Here is an earlier thread on peak oil:
http://elitetrader.com/vb/showthrea...31&perpage=20&highlight=peak oil&pagenumber=1
One good chart from it:
Quote from Pekelo:
When 25 years from now your grandkids going to ask: grandpa, do you remember the time when that mysterious liquid called crude oil peaked? Here is an easy way to remember: 2005 May, when hurricane Katrina ravaged New Orleans...
More charts at :
http://europe.theoildrum.com/node/3655#more
P.S.: It is possible that in the NEAR future we SLIGHTLY go over the May 2005 peak. It won't be for long or by a big amount though...
I don't think this guy puts enough faith in humans ability to adapt. There are different levels that different alternative solutions to oil become attractive and these will be exploited to the fullest. Leave it up to MIT grad students to come up with the solutions.
It's finally becoming the scientists and engineers time to shine again (since the industrial era). In the past, many of the smartest people in this country have dedicated themselves to shifting money back and forth on Wall Street creating little, if any, NET value. Maybe things will start to change and this country start to value whats long overdue to be valued.
It's finally becoming the scientists and engineers time to shine again (since the industrial era). In the past, many of the smartest people in this country have dedicated themselves to shifting money back and forth on Wall Street creating little, if any, NET value. Maybe things will start to change and this country start to value whats long overdue to be valued.
^If MIT grad students were given a guarantee of pussy for discovering an alternative energy source, they'd find it....
hard to get attention if you predict social harmony....