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  #1  
Old 01-13-2010, 01:57 PM
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Default Peak Oil 2050!!

Not sure anyone in here has heard this yet or not.

Makes me want to sell all my cars, except the FJ and get the wife a diesel wagon...

Looks like we will hit Peak Oil availability sometime around 2050, I guess that is 40 years away...I will be 85..Ok So I won't care that much and give all my grand kids my cars then..

Never mind..

I found this, researching for Jim Lentz' e-mail address. I wanted to e-mail him and ask him to import the Land Cruiser 70 series..Now after hearing his Peak Oil comments, this does not sound like that whacko of a request, as these 70 series come stnadard with Clean Diesel engines..

http://fora.tv/2009/11/17/The_Future...ak_Oil_by_2020
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Old 01-13-2010, 02:12 PM
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Peak oil dates have been bandied about. Actually 2050 is about the most generous date I've heard!! Keeps moving out?
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Old 01-13-2010, 02:23 PM
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Irrelevant. The world is ending in 2012. I'll keep burning fuel in my 10mpg FJ40 until the end of it all.
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Old 01-13-2010, 02:28 PM
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Why do you think China is stockpiling and all other industrialized nations are at least setting themselves up for drilling their own reserves?! The US will be left with their #$%# in their hand whenever oil starts to dry up.

Nat Gas could help a little...but we refuse to commit to that either. We just keep hoping that if the federal gov'ment throws enough tax breaks and money at energy companies that they will discover "energy algae" before oil goes to $300 per bbl.
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Old 01-13-2010, 03:14 PM
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Quote:
Originally Posted by Red_Chili View Post
Peak oil dates have been bandied about. Actually 2050 is about the most generous date I've heard!! Keeps moving out?
The original Hubbert Curve predicted world peak oil production would be 2005 or so. Hubbert pretty much nailed the U.S. peak oil within a couple of years. His original theory was advanced in the early 1950s and he said U.S. well production would peak around 1965 and it actually peaked in 1970. The reason that peak production has been moving out I think is mostly that the reported proven reserves are basically bogus from most nations. I think 2020 is really optimistic for peak production and honestly we are probably living amid peak production right now. Won't know for sure though until we're already past it. I do think by 2020 the amount of oil flowing will be a whole lot less than the ~85 million barrels it is today because it will be difficult to extract good quality crude at any price.
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Old 01-13-2010, 05:12 PM
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get rid of the eco terrorists and we have plenty of oil right here.

http://geology.com/usgs/bakken-formation-oil.shtml
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Old 01-13-2010, 06:53 PM
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Quote:
Originally Posted by nuclearlemon View Post
get rid of the eco terrorists and we have plenty of oil right here.

http://geology.com/usgs/bakken-formation-oil.shtml
tru that
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Old 01-13-2010, 08:19 PM
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Dave Brown Passed this to me a few weeks ago. If this is true, we have more oil than most think here with in the border of the USA. I read the link at the bottom and while it does not state as much as the article below, they still estimate a 3-4.3 Billion recoverable barrels.
So how much is really in the borders of the USA. Only what they tell us. I know there is one Oil field to the west of Kupark, which is west of Purdoe Bay(alaskan slope). It is a Navel reserve, and it will take a act of congress to open it. It is a bigger field than Prudoe and Kupark.
All this is so wrapped up in Politices and greed that we may never see the real peak for a couple of centries.
So for the long post.

Interesting is right......






Here's an interesting read

Also if I may add, about 6 months ago I was watching a news program on oil and one of the Forbes Bros. was the guest. This is out of context, but this is the actual question as asked. The host said to Forbes, "I am going to ask you a direct question and I would like a direct answer, how much oil does the U.S. have in the ground.." Forbes did not miss a beat, he said, "more than all the Middle East put together." Please read below.




The U. S. Geological Service issued a report in April ('08) that only scientists and oil men knew was coming, but man was it big. It was a revised report (hadn't been updated since '95) on how much oil was in this area of the western 2/3 of North Dakota ; western South Dakota ; and extreme eastern Montana ..... check THIS out:

The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe Bay , and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration (EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable.... at $107 a barrel, we're looking at a resource base worth more than $5.3 trillion.

'When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea..' says Terry Johnson, the Montana Legislature's financial analyst..

'This sizable find is now the highest-producing onshore oil field found in the past 56 years' reports, The Pittsburgh Post Gazette. It's a formation known as the Williston Basin , but is more commonly referred to as the 'Bakken.' And it stretches from Northern Montana, through North Dakota and into Canada . For years, U. S. oil exploration has been considered a dead end. Even the 'Big Oil' companies gave up searching for major oil wells decades ago. However, a recent technological breakthrough has opened up the Bakken's massive reserves..... and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL!

That's enough crude to fully fuel the American economy for 2041 years straight.

2. And if THAT didn't throw you on the floor, then this next one should - because it's from TWO YEARS AGO!

U. S. Oil Discovery- Largest Reserve in the World!
Stansberry Report Online - 4/20/2006

Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?

They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates:

- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen
- and it's all right here in the Western United States ..

HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy.....WHY?

James Bartis, lead researcher with the study says we've got more oil in this very compact area than the entire Middle East -more than 2 TRILLION barrels untapped. That's more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.

Don't think 'OPEC' will drop its price - even with this find? Think again! It's all about the competitive marketplace, - it has to. Think OPEC just might be funding the environmentalists?


Got your attention/ire up yet? Hope so! Now, while you're thinking about it .... and hopefully P.O'd, do this:

3. Pass this along. If you don't take a little time to do this, then you should stifle yourself the next time you want to complain about gas prices--- because by doing NOTHING, you've forfeited your right to complain


--------
Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.
By the way...this is all true. Check it out at the link below!!!
GOOGLE it or follow this link. It will blow your mind.
http://www.usgs.gov/newsroom/article.asp?ID=1911
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  #9  
Old 01-13-2010, 09:38 PM
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We're just saving all ours while we use everyone else's....
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Old 01-13-2010, 10:15 PM
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Peak Oil; LOL! This means nothing unless you correlate production with extraction and processing innovation. The higher the price of oil the more R&D into extraction and processing as well as alternative energy sources. Most of the PO prognistication that I have seen is pretty pedestrian and does not address innovation. Think Paul Ehrlich and the Population Bomb as an analog for peak agricultural production correlated to population.
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