Quote:
Originally Posted by Waxy
After getting beat over the head with a stick in the last thread, MOST people would have learned a lesson.
I'm not going to bother this time, I'll mind the definition of insanity. I bolded the key part of this article from my perspective. More than one grain of salt is required in its analysis. I'm not a "peak oil" theorist myself, but as a realist, I know that oil is finite, and banking on "new undiscovered pools" is risky business at best. It will run out, sooner than we'd like.
I have a lot of respect for Daniel Yergin, his book "The Prize:The Epic Quest for Oil, Money, and Power" is excellent and is recommended, almost mandatory, reading for anyone interested in the subject. The part that I underlined I agree with 100%.
Waxy
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I see you didn't bother to refute the article. You don't really know if oil is finite or not. We have vast resources of hog effluent that could be converted to diesel fuel for example and that doesn't even require drilling in the Arctic.
The only shortage existing is a little imagination and the will to throw off negative thinking. We'll have plenty of oil for centuries to come. The proved reserves keep rising every year. In a couple of centuries will probably have about 10 trillion barrels and they'll be giving it away just to be rid of it.
Your bolded section is what I have been suggesting all along. We just have to stop telling ourselves that the sky is falling and get busy to do what is required. We already know that the United States has the largest reserves of coal in the entire world (about 52%) and it can be converted to other sources of energy. The sun has unlimited amounts of energy as is the hydrogen in the ocean's sea water. By the time that these other energy sources are exploited, oil will be a drug on the market and selling for $10 a barrel if they can find buyers. It'll be used mainly for plastics and other more appropriate uses rather than burning as fuel in our motor vehicles. Diesel fuel can be made of most anything including hog effluent. And I KNOW there is no shortage of that stuff.