Peak Oil is here, we are screwed, the end is here.

Munster30 · November 14, 2012, 14:38

http://abcnews.go.com/Business/ameri...2#.UKP_NuRfC3E

EPC WN · November 14, 2012, 14:42

Hasn't the U.S. policy been to use up everyone else's energy first, then ship our energy out when prices are quadruple what we've paid? Might be the only thing this country has gotten right in a long time.

rowjimmy · November 14, 2012, 14:48

Quote:

Originally Posted by Munster30

http://abcnews.go.com/Business/ameri...2#.UKP_NuRfC3E

Your obvious sarcasm and derision regarding peak oil is duly noted. You might want to consider that there is a fair amount of energy required to liberate the oil from the shale as well as the fact it doesn't burn and refine as nicely as Saudi light sweet crude.

Peak oil doesn't mean we're running out, but we've reached maximum production capacity. You are right, it has already happened.

**Mebsuta** · November 14, 2012, 14:52

I don't think there's any policy. It's just that when crude url gets to certain price and stays there, it becomes profitable to produce what's in the USA. New technology and methods also means there is more to be recovered. That's why USA in number one producer of natural gas and oil production is rising.

In the past OPEC could turn on the tap, lower price, and kill domestic production, but I'm not sure they are willing or could do that right now (current events).

**308bolt** · November 14, 2012, 15:06

Quote:

Originally Posted by rowjimmy

Saudi light sweet crude.

Sounds delicious.

**Mebsuta** · November 14, 2012, 15:07

Also worth noting that production is rising in spite of roadblocks the greenies and current leaders are always throwing up.

**Thorack** · November 14, 2012, 15:10

EPC WIN,

You are correct that has been stated policy for a long time. We use up Arab oil first then use our own. Its the primary reason the Dems stop domestic drilling, they are saving the oil for later.

Thorack

**Mebsuta** · November 14, 2012, 15:11

I disagree.

RG Coburn · November 14, 2012, 15:45

Sounds like its a royal pain-in-the-ass to extract.

juanni · November 14, 2012, 16:26

Quote:

Originally Posted by rowjimmy

Your obvious sarcasm and derision regarding peak oil is duly noted. You might want to consider that there is a fair amount of energy required to liberate the oil from the shale as well as the fact it doesn't burn and refine as nicely as Saudi light sweet crude.

Peak oil doesn't mean we're running out, but we've reached maximum production capacity. You are right, it has already happened.

Munster is mathematically challenged.

He has no concept of diminishing returns.

.............juanni

**martin35** · November 14, 2012, 16:35

Present technology requires massive quantities of water to produce this shale oil economically enough to show a profit.
There is not enough surface water to meet large scale oil production demands, subsurface aquifers have not been delineated and quantified, government will most like regulate all water resources in the area,, aquifers are recharged by flowing surface waters.
Arid West Texas was made to bloom by water taken from the huge Edwards Aquifer, farming lowered that aquifer to the degree farming became a threat to some of the larger cities in the vicinity.
Oil Companies have been investing part of the billions in profits they make and receive tax exemptions for to develop the new technology.
These shale strata's are drilled using mud motor impellers that turn a drill bit on the end of the drill pipe, the pipe and bit are in turn steered by electronics monitored and manned by crews of technicians in addition to the normal complement of drill crews, costs are several more times costly than methods used to get cheap oil.
I believe we will have more oil,,, but not more cheap oil.
When we run out of oil we will gasify coal the other fossil fuel.

0302 · November 14, 2012, 16:54

Who cares, we have enough wind and solar to run this whole country, it's free and causes no pollution, we don't need oil anymore. Throw in some wave action and we are over the top.

**Stoney** · November 14, 2012, 17:07

guess i'll put a whirly jig on my jeep

**Mebsuta** · November 14, 2012, 17:23

Everyone should live in an Al Gore hut.

Aeroscout · November 14, 2012, 17:28

Quote:

Originally Posted by 0302

Who cares, we have enough wind and solar to run this whole country, it's free and causes no pollution, we don't need oil anymore. Throw in some wave action and we are over the top.

You ARE being sarcastic right?

0302 · November 14, 2012, 18:05

I have gone rogue, maybe even ronpaul, 3 sheets to the wind!!! Don't need gas, just rub 2 sticks together...

**Seaweed** · November 14, 2012, 19:30

If you think wasting 2 gallons of gas to get one gallon of ethanol is the definition of efficiency, then by all means continue with the shale oil exploration.

**martin35** · November 14, 2012, 22:16

Quote:

Originally Posted by Seaweed

If you think wasting 2 gallons of gas to get one gallon of ethanol is the definition of efficiency, then by all means continue with the shale oil exploration.

That there is truly funny.

**alant** · November 15, 2012, 11:04

Quote:

Originally Posted by martin35

I believe we will have more oil,,, but not more cheap oil.

BINGO! We have a winner.

**308bolt** · November 15, 2012, 11:09

Peak oil has been here for a while.

EPC WN · November 15, 2012, 11:34

Quote:

Originally Posted by 308bolt

Peak oil has been here for a while.

So funny it hurts.

0302 · November 15, 2012, 15:01

Yanno, ethanol is made from corn, not shale.

**riffraff2** · November 15, 2012, 17:19

Quote:

Originally Posted by 0302

Yanno, ethanol is made from corn, not shale.

Yeah, we are burning our food, that's real smart.

Powderfinger · November 15, 2012, 17:51

Martin has the answer. Necessity is the mother of invention.
The DOE did a small gasification test burn in the mid 1980s at the mine I worked at.
The results exceeded any expectations. This was in a low BTU outcropped seam. Wait until they refine the technology to gasify the seams too deep to mine conventionally. It's estimated we have enough coal to power the country for 200 years.
By then, our descendants will have figured out controlled nuclear fussion.

Munster30 · November 16, 2012, 11:17

Quote:

Originally Posted by Mebsuta

Also worth noting that production is rising in spite of roadblocks the greenies and current leaders are always throwing up.

Unless something drastic happens, we are set to out produce the middle eastern oil ticks and become the worlds larger exporter by 2020.

Munster30 · November 16, 2012, 11:18

Quote:

Originally Posted by Mebsuta

Everyone should live in an Al Gore hut.

'Cept fat Al himself.

rowjimmy · November 16, 2012, 11:19

There is a difference between global production and US production.

Munster, did you read the whole article regarding the difficulties of in situ liberation of the oil shale? The process has been around for two decades IIRC and is still not working efficiently.

Munster30 · November 16, 2012, 11:21

Quote:

light, sweet, crude.

Put some commas in the appropriate places and you have the ideal girl friend.

Munster30 · November 16, 2012, 13:21

http://www.guardian.co.uk/environmen...litics-america

The Obama regime is already running interference, however.

http://thehill.com/blogs/e2-wire/e2-...-from-drilling

rowjimmy · November 17, 2012, 18:17

I'll leave this here for you to ponder...

http://www.zerohedge.com/news/2012-1...ext-bubble-pop

November 14, 2012, 14:38	#1
Munster30 Registered FALaholic #: 3198 Join Date: May 2001 Location: Washington State Posts: 9,548	Peak Oil is here, we are screwed, the end is here. http://abcnews.go.com/Business/ameri...2#.UKP_NuRfC3E __________________ “When people see a strong horse and a weak horse, by nature, they will take the strong horse” Osama bin Laden It has been the fault of both pacifism and liberalism in the past that they have ignored the immense burden of inherited evil under which society and civilization labour and have planned an imaginary world for an impossible humanity. We must recognize that we are living in an imperfect world in which human and superhuman forces of evil are at work and so long as those forces affect the political behaviour of mankind there can be no hope of abiding peace.

November 14, 2012, 14:42	#2
EPC WN Registered FALaholic #: 65612 Join Date: Feb 2012 Location: District 12 Posts: 2,813	Hasn't the U.S. policy been to use up everyone else's energy first, then ship our energy out when prices are quadruple what we've paid? Might be the only thing this country has gotten right in a long time. __________________ 308Bolt/Gunplumber 2016

November 14, 2012, 15:10	#7
Thorack Acquisition Corp Dude Bronze Contributor FALaholic #: 748 Join Date: Aug 2000 Location: Omaha, Nebraska, USA Posts: 5,591	EPC WIN, You are correct that has been stated policy for a long time. We use up Arab oil first then use our own. Its the primary reason the Dems stop domestic drilling, they are saving the oil for later. Thorack __________________ 1. Whenever you are talking to a woman realize this person was born insane and you will never be surprised. 2. Never let Doctors cut on you unless its life or death and ALWAYS get a second opinion.

November 14, 2012, 17:07	#13
Stoney Former 0311 Contributor Bronze Contributor FALaholic #: 1205 Join Date: Oct 2000 Location: Brush Prairie, WA USA Posts: 3,322	guess i'll put a whirly jig on my jeep __________________ Stoney Bureaucracy,, taking the fun out of life one stupid rule at a time,,,, Old Viking saying: Never be more then two steps from your weapon Don't pick a fight with an old man. If he is too old to fight, he'll just kill you. Peace is that brief glorious moment in history when everybody stands around reloading. - Thomas Jefferson

November 15, 2012, 11:09	#20
308bolt Heathen Silver Contributor FALaholic #: 19255 Join Date: Feb 2006 Location: Wisconsin Posts: 19,925	Peak oil has been here for a while. __________________ "The bandwagons rumble past. I sit here on the curb," ~ John Hartford ~ "Nil desperandum, -- Never Despair. That is a motto for you and me. All are not dead; and where there is a spark of patriotic fire, we will rekindle it." ~ Samuel Adams ~

November 14, 2012, 14:52	#4
Mebsuta Khemi, Stygia Contributor FALaholic #: 4143 Join Date: Sep 2001 Location: Khemi, Stygia Posts: 6,294	I don't think there's any policy. It's just that when crude url gets to certain price and stays there, it becomes profitable to produce what's in the USA. New technology and methods also means there is more to be recovered. That's why USA in number one producer of natural gas and oil production is rising. In the past OPEC could turn on the tap, lower price, and kill domestic production, but I'm not sure they are willing or could do that right now (current events).

November 14, 2012, 15:07	#6
Mebsuta Khemi, Stygia Contributor FALaholic #: 4143 Join Date: Sep 2001 Location: Khemi, Stygia Posts: 6,294	Also worth noting that production is rising in spite of roadblocks the greenies and current leaders are always throwing up.

November 14, 2012, 15:11	#8
Mebsuta Khemi, Stygia Contributor FALaholic #: 4143 Join Date: Sep 2001 Location: Khemi, Stygia Posts: 6,294	I disagree.

November 14, 2012, 15:45	#9
RG Coburn Registered FALaholic #: 27406 Join Date: Mar 2007 Posts: 10,849	Sounds like its a royal pain-in-the-ass to extract.

November 14, 2012, 16:35	#11
martin35 when legend becomes fact Contributor Bronze Contributor FALaholic #: 2939 Join Date: Mar 2001 Location: Texas Posts: 16,827	Present technology requires massive quantities of water to produce this shale oil economically enough to show a profit. There is not enough surface water to meet large scale oil production demands, subsurface aquifers have not been delineated and quantified, government will most like regulate all water resources in the area,, aquifers are recharged by flowing surface waters. Arid West Texas was made to bloom by water taken from the huge Edwards Aquifer, farming lowered that aquifer to the degree farming became a threat to some of the larger cities in the vicinity. Oil Companies have been investing part of the billions in profits they make and receive tax exemptions for to develop the new technology. These shale strata's are drilled using mud motor impellers that turn a drill bit on the end of the drill pipe, the pipe and bit are in turn steered by electronics monitored and manned by crews of technicians in addition to the normal complement of drill crews, costs are several more times costly than methods used to get cheap oil. I believe we will have more oil,,, but not more cheap oil. When we run out of oil we will gasify coal the other fossil fuel.

November 14, 2012, 16:54	#12
0302 Registered FALaholic #: 348 Join Date: Jul 2000 Location: New Mexico Posts: 3,671	Who cares, we have enough wind and solar to run this whole country, it's free and causes no pollution, we don't need oil anymore. Throw in some wave action and we are over the top.

November 14, 2012, 17:23	#14
Mebsuta Khemi, Stygia Contributor FALaholic #: 4143 Join Date: Sep 2001 Location: Khemi, Stygia Posts: 6,294	Everyone should live in an Al Gore hut.

November 14, 2012, 18:05	#16
0302 Registered FALaholic #: 348 Join Date: Jul 2000 Location: New Mexico Posts: 3,671	I have gone rogue, maybe even ronpaul, 3 sheets to the wind!!! Don't need gas, just rub 2 sticks together...

November 14, 2012, 19:30	#17
Seaweed Veteran Member Silver Contributor FALaholic #: 2736 Join Date: Feb 2001 Location: Newport, OR Posts: 1,280	If you think wasting 2 gallons of gas to get one gallon of ethanol is the definition of efficiency, then by all means continue with the shale oil exploration.

November 15, 2012, 15:01	#22
0302 Registered FALaholic #: 348 Join Date: Jul 2000 Location: New Mexico Posts: 3,671	Yanno, ethanol is made from corn, not shale.

November 15, 2012, 17:51	#24
Powderfinger Registered Contributor FALaholic #: 12897 Join Date: Dec 2003 Location: WA state Posts: 3,753	Martin has the answer. Necessity is the mother of invention. The DOE did a small gasification test burn in the mid 1980s at the mine I worked at. The results exceeded any expectations. This was in a low BTU outcropped seam. Wait until they refine the technology to gasify the seams too deep to mine conventionally. It's estimated we have enough coal to power the country for 200 years. By then, our descendants will have figured out controlled nuclear fussion. __________________ The world's greatest forger is unknown. Truth is the cry of all, but the game of few. George Berkely

November 16, 2012, 11:19	#27
rowjimmy Registered FALaholic #: 21662 Join Date: Nov 2006 Location: Central PA Posts: 3,389	There is a difference between global production and US production. Munster, did you read the whole article regarding the difficulties of in situ liberation of the oil shale? The process has been around for two decades IIRC and is still not working efficiently.

November 16, 2012, 13:21	#29
Munster30 Registered FALaholic #: 3198 Join Date: May 2001 Location: Washington State Posts: 9,548	The Brits get it http://www.guardian.co.uk/environmen...litics-america The Obama regime is already running interference, however. http://thehill.com/blogs/e2-wire/e2-...-from-drilling __________________ “When people see a strong horse and a weak horse, by nature, they will take the strong horse” Osama bin Laden It has been the fault of both pacifism and liberalism in the past that they have ignored the immense burden of inherited evil under which society and civilization labour and have planned an imaginary world for an impossible humanity. We must recognize that we are living in an imperfect world in which human and superhuman forces of evil are at work and so long as those forces affect the political behaviour of mankind there can be no hope of abiding peace.

November 17, 2012, 18:17	#30
rowjimmy Registered FALaholic #: 21662 Join Date: Nov 2006 Location: Central PA Posts: 3,389	I'll leave this here for you to ponder... http://www.zerohedge.com/news/2012-1...ext-bubble-pop

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