Posted: Wed Jan 09, 2008 8:36 pm Post subject: Re: FYI Re: Peak Oil
karlos wrote:
Peak Oil spammers please take note
I have to say that you do confuse me with your logic. If peak oil is pure spam, which you appear to suggest it is, why do you show this film (which incidently has been around for some time now)? If there is a plentiful supply of oil then we don't need this type of technology, surely?
However, if you're suggesting that this type of technology, along with electric cars such as those being developed by Tesla Motors, or other vehicles running on alternative fuels, will help mitigate the immediate problems associated with peak oil then I absolutely agree with you. After all, that is one of the reasons the peak oil message is being promoted, to make vehicle manufacturers and producers of other energy hungry products change their ways now before it's too late - which can't be a bad thing can it?
But there is a problem and we've argued this before. All these technologies have trade offs which have knock-on effects elsewhere. In the case of these air cars, the trade off is in increased electricity demand to pump air back into the cylinders. Now in France that maybe OK since the French have plenty of nuclear power but here we have a major problem as within 15 years approximately 50% of our electricty production will be closed down due to a combination of nuclear decommisioning of old nuclear reactors and falling north sea gas fields. You can check this data if you want; it's easily available on the internet. What's worse is there appears to be no coherent plan to remedy this future shortfall what with the dilly dallying over what power stations to build and the fact that it takes 10-15 years to build a power station anyway. Actually if we do go completely nuclear and other countries do so as well, there will be peak uranium within 30 years and then we'll all be in a mess. Anyway, how much oil will we need to make these cars to replace the global fleet of petrol dependent cars? We'll use up just as much oil doing that.
There is no easy answer to maintain the status quo, something I keep trying to tell you. We'll just have to get used to living in a low energy world over the next couple of decades but it will seriously affect many of the things we take for granted like heating, continuous electricity supply, bouyant economy, high employment, pensions, mortgages.......This is the NWO the US and UK government actually refer to in their proposals, that of grasping as much ownership of the world's energy now to prevent immediate crashes in our system tomorrow and our governments seem bent on doing this even if it requires sacrifices in life in the Middle east and at home. I think this last point is the one you hate the most, the fact that there might be a reason (albeit one that still shouldn't result in loss of life) behind all this madness rather than being just about good versus evil.
Europe's environment chief has admitted that the EU did not foresee the problems raised by its policy to get 10% of Europe's road fuels from plants.
Recent reports have warned of rising food prices and rainforest destruction from increased biofuel production.
The EU has promised new guidelines to ensure that its target is not damaging.
EU Environment Commissioner Stavros Dimas said it would be better to miss the target than achieve it by harming the poor or damaging the environment.
Clampdown promised
A couple of years ago biofuels looked like the perfect get-out-of-jail free card for car manufacturers under pressure to cut carbon emissions.
Instead of just revolutionising car design they could reduce transport pollution overall if drivers used more fuel from plants which would have soaked up CO2 while they were growing.
Fuel made from plants like corn are driving up food prices
The EU leapt at the idea - and set their biofuels targets.
Since then reports have warned that some biofuels barely cut emissions at all - and others can lead to rainforest destruction, drive up food prices, or prompt rich firms to drive poor people off their land to convert it to fuel crops.
"We have seen that the environmental problems caused by biofuels and also the social problems are bigger than we thought they were. So we have to move very carefully," Mr Dimas told the BBC.
"We have to have criteria for sustainability, including social and environmental issues, because there are some benefits from biofuels."
He said the EU would introduce a certification scheme for biofuels and promised a clampdown on biodiesel from palm oil which is leading to forest destruction in Indonesia.
Some analysts doubt that "sustainable" palm oil exists because any palm oil used for fuel simply swells the demand for the product oil on the global market which is mainly governed by food firms.
US expansion
Mr Dimas said it was vital for the EU's rules to prevent the loss of biodiversity which he described as the other great problem for the planet, along with climate change.
On Monday, the Royal Society, the UK's academy of science, is publishing a major review of biofuels. It is expected to call on the EU to make sure its guidelines guarantee that all biofuels in Europe genuinely save carbon emissions.
In the US the government has just passed a new energy bill mandating a major increase in fuel from corn, which is deemed by some analysts to be useless in combating rising carbon dioxide emissions.
The bill also foresees a huge expansion in fuel from woody plants but the technology for this is not yet proven.
Joined: 27 Mar 2006 Posts: 3187 Location: Here to help!
Posted: Mon Jan 14, 2008 12:00 pm Post subject:
No suprise at all
biofuel IS very important but tis quite clear that theres no way it can provide even 10% of Europes current fuel demands
At the end of the day, we are going to have to come to the realisation that the best way to provide for our needs is not ongoing global mayhem over a diminishing finite resource, but eliminating our wants based on selfishness and greed _________________ Free your Self and Free the World
Energy start-up, Tamm Oil and Gas Corp. (OTCBB: TAMO) announces a 3rd huge bite into Alberta's oil-rich Swan Lake area!
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Since it began trading, the company has already made three major announcements:
On December 6th, Tamm Oil and Gas announced a major agreement with Deep Well Oil and Gas, a major operator in the oil-rich Swan Lake area of Northern Alberta that gives Tamm Oil and Gas Corp a 38% interest in Deep Well's Swan Lake holdings.
According to a December 4th Press Release, (Yahoofinance.com) Deep Well has an 80% working interest in 51 contiguous sections of oil sands leases; a 40% working interest in an additional 12 sections of oil sands leases; and a 90% working interest in 6.5 sections of oil sands permits in the Swan Lake heavy oil area covering 43,964 acres. A previously published, independent engineering report estimated that there are 819.5 million original barrels of oil in place.
On November 16th, Tamm Oil and Gas announced, that it had signed a letter of agreement with 1132559 Alberta Ltd. to acquire its 10% working interest in 63 contiguous sections of energy-rich oil sands leases at the Swan Lake area of northern Alberta.
Tamm has also recently announced the acquisition of Gross Overriding Royalty Rights (GORR ) that will provide Tamm with a revenue source of 2% from every barrel of oil sold from these Sawn Lake Region leases without the burden of operating expenses. The GORR ultimately has a higher value than the equivalent percentage working interest in a property.
James L. Rapholz
B.A.M.S. Economics
Economic Advice
Our 2006 Recommendations on Gold, Silver, Natural Gas, Oil and Coal WERE UP 192.41%!
Company:
Tamm Oil and Gas
Symbol:
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Recommendation: Aggressive Buy NOW upto $3.00!
Through the combination of this share exchange with Deep Well, the pending acquisition of 1132559 Alberta Ltd., and an earlier announced Gross Overriding Royalty Rights ("GORR") acquisition, Tamm will hold directly and indirectly, a majority interest in the project containing an estimated 819.5 million initial barrels of oil in place.
Swan Lake is one of the biggest reserves in North America!
Is all that oil really there? According the Dec. 6th Press Release, an independent petroleum consultant estimates that these 63 sections of Oil Sands leases in the Swan Lake region hold estimated resources of 819.5 million initial barrels of oil. At a realistic $70 a barrel that works out to. . .
$57,365,000,000 worth of oil!
Forget big oil, it's too late!
But this early-stage oil-sands company should be
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675% gain in just 4 months -- In January 2006, you could have bought stock in California Oil and Gas for as little as $0.24 a share. Just 4 months later, it traded as high as $1.86.
900% gain in only weeks -- not that long ago, you could have bought shares of energy start-up Wentworth Energy for just $0.50 a share and sold them in less than 4 months for $5.
1,400% in just 4 months -- equity investors who got in on the IPO of an exploration-stage energy company, Sun Cal Energy, paid under $0.25 a share, but after 4 months of public trading, the stock hit $3.75!
1,542% gain in just 9 months on Fox Petroleum -- Shares of development-stage energy company, Fox Petroleum traded as low as $0.21 early in 2007 but hit a high of $3.45 by September.
1,800% gain on True North Energy -- In March of 2006, you could have picked up shares of this energy start-up for $0.25. By the end of August, less than 6 months later, the stock hit $4.99 a share!
11,200% in less than 18 months! In March 2004, the stock of Eden Energy traded as low as $0.06, but if you'd been savvy enough to buy then and hang on, you could have sold your shares in August 2005 for as much as $6.68!
My point being, that these penny energy stocks can be tremendously rewarding if you get into the right equity before its run up.
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If you missed the initial out-of-the-gate pop, don't worry, Tamm Oil and Gas is just getting started. Tamm Oil and Gas has targeted one of the biggest, un-tapped oil reserves in North America, the Swan Lake area of Northern Alberta, estimated to contain 819.5 million initial barrels of oil.
obviously i have no idea if this information is true or not. but if it is what effect does that have on the peak oil theory ?
obviously i have no idea if this information is true or not. but if it is what effect does that have on the peak oil theory ?
b* all, especially with world consumption in the millions of barrells a day
millions a day! ok things look bleak. it would take an enourmous find to ease the demands and have enough left over for years to come or untill alternatives can be mass produced.
Joined: 27 Mar 2006 Posts: 3187 Location: Here to help!
Posted: Mon Jan 14, 2008 1:29 pm Post subject:
marky 54 wrote:
John White wrote:
Quote:
obviously i have no idea if this information is true or not. but if it is what effect does that have on the peak oil theory ?
b* all, especially with world consumption in the millions of barrells a day
millions a day! ok things look bleak. it would take an enourmous find to ease the demands and have enough left over for years to come or untill alternatives can be mass produced.
Indeed. and just to show thats not B/S:
Quote:
http://www.eia.doe.gov/oiaf/ieo/oil.html
In the IEO2007 reference case, world consumption of petroleum and other liquid fuels4 grows from 83 million barrels oil equivalent per day in 2004 to 97 million in 2015 and 118 million in 2030. The demand for liquids increases strongly in the projections, despite world oil prices that remain above $49 per barrel5 throughout the period. Much of the overall increase in liquids consumption is projected for the nations of non-OECD Asia, where strong economic growth is expected.
_________________ Free your Self and Free the World
obviously i have no idea if this information is true or not. but if it is what effect does that have on the peak oil theory ?
The article you posted is a sure sign that there will be much interest in extracting oil for years and decades to come. But as John has already pointed out, that reserve figure is a tiny drop in the ocean when we look on the global scale although in itself is far from being a small field.
Simple mathematics has shown that the ultimate recoverable amount of oil will be in the region of 2 trillion barrels or 2000 billion barrels. We have currently found about 1.8 trillion barrels which means we'll hopefully find another 200 billion barrels over the next few decades, maybe more. But sadly, we have already consumed 1 trillion barrels and so time is fast running out.
Incidently, that figure John gave is for what is called, 'all liquids' oil. That means it includes oil from conventional and non-conventional sources. Conventional oil is the light crude; easy and cheap to refine and makes up over 90% of the market. Non-conventional oil is a mixture of heavy crude, deep water oil and oil made from natural gas which are all expensive to produce and availability is much much lower (only a few percent). If you look at conventional crude output figures, they haven't increased since May 2005 which means non-conventional oil is having to make up the shortfall which is pushing up the price. As far as peak oil is concerned, it is the price which will become far more significant in the short term, affecting the global economy now, than the inevitable restrictions in supply in a few years time.
When Wednesday, February 27, 2008, 6:30 - 7:30pm
Where Committee Room 12, House of Commons
Note I am pleased to invite you to a joint meeting of the All-Party Parliamentary Groups on Peak Oil and Conflict Issues:
'How can we avoid future oil wars? Oil depletion and US-UK foreign policy'
Speakers:
Prof. Paul Rogers (Bradford University, Oxford Research Group)
Prof. Mary Kaldor (LSE, author of OIL WARS)
The meeting will explore the current status of the military dimension of oil security strategy in Britain and the US. It will also look at ways in which we can work to avoid future UK involvement in oil-related conflict.
To be followed by Q & A.
The General Motors Corporation, the largest auto manufacturer in the world, says by 2012 half of its US vehicles will run on ethanol.
GM North America President, Troy Clarke, spoke at the Chicago auto show saying that GM will have 11 ethanol-powered models on the market this year and 15 in 2009.
"We don't only want to respond to the needs of the market. We want to anticipate them," Clarke said as reported by the Associated Press.
Clark believes ethanol can provide the quickest reduction in greenhouse gas emissions. The U.S. already has a fueling infrastructure for ethanol, and consumers would have to make negligible changes in their fuel consumption habits, he said.
Ethanol can be an even more effective energy alternative to petroleum if the remainder of the fermented sugar used to create it is processed to create methanol, which can be used as a fuel, antifreeze or solvent.
Warrenville, III and Coskata Inc. formed a partnership with GM in January. The new conglomerate works with ethanol engineering firm ICM Inc. to build its first plant, which is expected to open in 2010.
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