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North Spore Shop: Bulk Substrate

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60 percent of oil and gas execs believe trend of declining reserves is irreversible
    #6968580 -

Here it is folks...from the horses mouth.

Quote:
60 percent of oil and gas execs believe trend of declining reserves is irreversible
...
Sixty percent of the executives believe that the trend of declining oil reserves is irreversible. And, when asked about the impact of emerging markets, such as China, will have on declining oil reserves, almost 70 percent of the executives said that it would lead the situation to worsen.
...


http://www.energybulletin.net/30106.html


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Once, men turned their thinking over to machines in the hope that this would set them free.
But that only permitted other men with machines to enslave them.

Edited by trendal (05/26/07 09:17 PM)

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: trendal]
    #6968593 -

well the other 40% are morons

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: trendal]
    #6969274 -

Coal can be made into oil for about $35 a barrel.  The United States has enough coal to last us thousands of years (even taking into account increased population and usage).  There is always the oil shale out in Colorado as well (they are to the point that they are getting an energy return on it).  And the tar sands up in Canada are full of oil.

The end of cheap oil is here.  The end of oil completely....nope.

You Peak Oil people are way too Doomsday-ish.  :smile:

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: trendal]
    #6969294 -

I thought the point was that they already knew and don't care, and are planning to milk the whole process dry until it runs out and they can abandon ship with their multimillions.

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: RandalFlagg]
    #6969321 -

Who said anything about "doomsday" :smirk:


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Once, men turned their thinking over to machines in the hope that this would set them free.
But that only permitted other men with machines to enslave them.

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: RandalFlagg]
    #6969328 -

And where did you get that figure of coal-to-oil costing $35 a barrel?

If that was true, coal-to-oil would be HUGE by now...as we have had several years of oil over $35 a barrel.


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Once, men turned their thinking over to machines in the hope that this would set them free.
But that only permitted other men with machines to enslave them.

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: trendal]
    #6969403 -

http://www.post-gazette.com/pg/06229/714268-28.stm

Energy analysts reckon that some coal-to-liquids projects can offer an acceptable return on investment when oil is priced as low as $30 or $35 a barrel

The reason they haven't done it is because it would cost a lot of money to build the coal-to-oil infrastructure.

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: RandalFlagg]
    #6969431 -

Energy analysts reckon that some coal-to-liquids projects can offer an acceptable return on investment when oil is priced as low as $30 or $35 a barrel, though such ventures might require government tax incentives to reduce operating costs.

South Africa also had to lend Sasol $6 billion dollars to get them to build the plants in the first place.

As well, coal-to-oil produces nearly twice the CO2 as conventional oil.


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Once, men turned their thinking over to machines in the hope that this would set them free.
But that only permitted other men with machines to enslave them.

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: trendal]
    #6969451 -

blah blah blah... 
you're wrong...just admit it!  :smirk:

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: RandalFlagg]
    #6969470 -

never!  :dumbhunter:


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Once, men turned their thinking over to machines in the hope that this would set them free.
But that only permitted other men with machines to enslave them.

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: RandalFlagg]
    #6970737 -

The oil sands are incredibly energy intensive and an extremely dirty recovery. It may be an alternative to drilling for "cheap" oil, but not if we are trying to reduce emissions.

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: trendal]
    #6970758 -

trendal said:
Here it is folks...from the horses mouth.

Quote:
60 percent of oil and gas execs believe trend of declining reserves is irreversible
...
Sixty percent of the executives believe that the trend of declining oil reserves is irreversible. And, when asked about the impact of emerging markets, such as China, will have on declining oil reserves, almost 70 percent of the executives said that it would lead the situation to worsen.
...





Whats a good reason to rise gas prices ? :shake:


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:Awesketch:

:cool: Fair is Fair :devil:

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: trendal]
    #6970830 -

trendal said:
Here it is folks...from the horses mouth.

Quote:
60 percent of oil and gas execs believe trend of declining reserves is irreversible
...
Sixty percent of the executives believe that the trend of declining oil reserves is irreversible. And, when asked about the impact of emerging markets, such as China, will have on declining oil reserves, almost 70 percent of the executives said that it would lead the situation to worsen.
...




Link please.


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“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”  -- Rudiger Dornbusch

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Re: 60 percent of oil and gas execs believe trend of declining reserves is irreversible [Re: zorbman]
    #6971114 -

Sorry, though I had it in there...


--------------------
Once, men turned their thinking over to machines in the hope that this would set them free.
But that only permitted other men with machines to enslave them.

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North Spore Shop: Bulk Substrate

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