George Lee on oil production peaking

probe

http://www.rte.ie/news/2008/0307/morningireland_av.html?2346245,242,209

Yet another wake up call from the markets for the electrification and integration of public and freight transport, maximizing green energy production, and an infrastructure to make electric personal transportation a reality.

.probe

Grizzly 45

Sheesh,you or George Lee obviously didnt see aprogramme last week about this and available oil on the planet??There is somthing like 300 odd years of oil still available in Canada alone.Called Shale oli.Not to mind how much of the stuff is in Russia and Siberia.
Also there was a marvellous interviews with the heads of Shell oil and Exxon.End effect there is still plenty of the stuff around,just in more inaccesable or deeper bore holes that cost more to drill or process.We are running "short"? on what is called "light&sweet "crude.IE easily drilled stuff.[Although maybe we should mention that OPEC has over 700[?] high production wells capped to keep the prices artifically high.] We are paying for the exploration,drilling and refining costs and 2/3 govt takes all along the line before it comes out at the pump.NOT because it is peaking or running out.Add onto that speculation of the commodity buyers in the financial world markets and you have the peak oil myth.

Spaceman Spiff

Grizzly 45 wrote: »

Sheesh,you or George Lee obviously didnt see aprogramme last week about this and available oil on the planet??There is somthing like 300 odd years of oil still available in Canada alone.Called Shale oli.Not to mind how much of the stuff is in Russia and Siberia.
.

Well the problem with the oil sands estimates is the difference between known estimates, economically viable estimates and predicted estimates. Known/economically viable estimates place Canada at #2 in the world as far as reserves go behind Saudi Arabia. I've heard that there is potentially 1 trillion barrels+ however the technology isn't in place to recover it.

The other problem is the fact that the environmental impact of tar sands extraction is massive. Giant waste dams, clear cutting and the water required place Northern Alberta as one of the biggest potential environmental disaster zones on the planet.

probe

Grizzly 45 wrote: »

Sheesh,you or George Lee obviously didnt see aprogramme last week about this and available oil on the planet??There is somthing like 300 odd years of oil still available in Canada alone.Called Shale oli.Not to mind how much of the stuff is in Russia and Siberia.
Also there was a marvellous interviews with the heads of Shell oil and Exxon.End effect there is still plenty of the stuff around,just in more inaccesable or deeper bore holes that cost more to drill or process.We are running "short"? on what is called "light&sweet "crude.IE easily drilled stuff.[Although maybe we should mention that OPEC has over 700[?] high production wells capped to keep the prices artifically high.] We are paying for the exploration,drilling and refining costs and 2/3 govt takes all along the line before it comes out at the pump.NOT because it is peaking or running out.Add onto that speculation of the commodity buyers in the financial world markets and you have the peak oil myth.

Shell and Exxon can't talk - their reserves are in serious depletion mode. Several oil companies, including Shell, have been caught overstating their proven reserves in financial statements. Most of the oil reserves are in the hands of government owned oil companies in the Middle East and elsewhere.

Aside from that, let's assume that Canada could supply the world with a few centuries of oil (which I don't believe given the growing demands for energy in the world in general and Asia in particular, and not to mention to low quality of this tar sands hydrocarbon resource), where do we stuff all this CO2 and other pollutants arising therefrom?

.probe

silverharp

probe wrote: »

Aside from that, let's assume that Canada could supply the world with a few centuries of oil (which I don't believe given the growing demands for energy in the world in general and Asia in particular, and not to mention to low quality of this tar sands hydrocarbon resource), where do we stuff all this CO2 and other pollutants arising therefrom?

.probe

it wont happen, tar sands max output will be less then 6mbd, not to mention the vast amounts of natural gas that is used to extract the stuff

djpbarry

Grizzly 45 wrote: »

Not to mind how much of the stuff is in Russia and Siberia.

Depends on your source. Sure, the Russian government say they have 322 billion barrels, but Oil and Gas Journal say 60 billion (source).

Grizzly 45 wrote: »

We are paying for the exploration,drilling and refining costs and 2/3 govt takes all along the line before it comes out at the pump.NOT because it is peaking or running out.Add onto that speculation of the commodity buyers in the financial world markets and you have the peak oil myth.

I think you will find that world reserves are in fact being depleted, i.e., demand is outstripping supply:

Grizzly 45

Think we will just have to wait and see.
We will talk on this in 2012,then it will be 2018,2020,2025, etc etc ,etc.
Guess what we will still be driving around in cars and there will be oil or synth fuel from garbage.The only mugs will be those who bought into the great peak oil and global warming swindle.

djpbarry

Grizzly 45 wrote: »

Think we will just have to wait and see.

You mean bury our heads in the sand and hope for the best?

Grizzly 45 wrote: »

We will talk on this in 2012,then it will be 2018,2020,2025, etc etc ,etc.

We more than likely will, although by that stage, I sincerely hope that a much greater number of people have accepted that our supply of oil is not (relatively) infinite and we have drastically reduced our dependence on it, although I suspect we will have little choice when it comes to the latter.

Grizzly 45 wrote: »

Guess what we will still be driving around in cars and there will be oil or synth fuel from garbage.

Why will we need alternative fuels if there's so much oil left (according to you)? Bit of a contradiction there, no?

Grizzly 45 wrote: »

The only mugs will be those who bought into the great peak oil and global warming swindle.

:rolleyes:

You don't think oil production will peak? I'm curious to hear your rationale...

johnathan woss

Grizzly 45 wrote: »

Sheesh,you or George Lee obviously didnt see aprogramme last week about this and available oil on the planet??There is somthing like 300 odd years of oil still available in Canada alone.Called Shale oli.Not to mind how much of the stuff is in Russia and Siberia.
Also there was a marvellous interviews with the heads of Shell oil and Exxon.End effect there is still plenty of the stuff around,just in more inaccesable or deeper bore holes that cost more to drill or process.We are running "short"? on what is called "light&sweet "crude.IE easily drilled stuff.[Although maybe we should mention that OPEC has over 700[?] high production wells capped to keep the prices artifically high.] We are paying for the exploration,drilling and refining costs and 2/3 govt takes all along the line before it comes out at the pump.NOT because it is peaking or running out.Add onto that speculation of the commodity buyers in the financial world markets and you have the peak oil myth.

This is a crazy post you are obviously completely ignorant of the issues.

For the most accessible tar sands, 2 barrels of oil have to be used for every 3 recovered. Vast amounts of water and chemicals also have to be used.
We've known about the tar sands for ages so why haven't the North Americans been exploiting them in order to cripple OPEC ?