World running out of oil, says ex oil boss

Post by **kenneal - lagger** » 16 Jan 2009, 20:09

Andy Hunt wrote:

He'd be a proper clever dick then wouldn't he.

I can do that, no strings attached!!

Welsh Wizard · Post by **Welsh Wizard** » 16 Jan 2009, 20:52

RGR wrote:
skeptik wrote:Mr. Buckee needs to have a talk with RGR. RGR will put him straight.

Anyone who wants to define "gee we have 30 or 40 years supply socked away in reserves" as "running out" is okay by me as long as they are honest about their definition.

I don't like such a definition of course because the two don't add up in my mind, plus what I know hasn't even been booked as reserves yet, but to each there own.

On the critical question of proven and probable reserves, I think I would prefer to trust the opinion of an ex CEO in the oil industry over that of anonymous forum poster. No disrespect intended RGR, but there is an increasing list of retired oil industry experts and bosses who have spoken out in public that in their view oil is running out fast.

So these unbooked reserves you are hoping for, are any of them going to be anywhere near a Ghawar? Because according to the IEA only a Ghawar can hope to meet projected demand.

RGR · Post by **RGR** » 17 Jan 2009, 00:38

[quote="Welsh Wizard"]

DominicJ · Post by **DominicJ** » 17 Jan 2009, 11:04

As I said, random exec agrees with PO, his word is gospel

Random oil worker disagrees with PO, he's an industry hack.

Welsh Wizard · Post by **Welsh Wizard** » 18 Jan 2009, 21:10

Check out the excellent Orinoco detail here:

http://cohesion.rice.edu/naturalscience ... oc_id=2819

Once you read the stupendous amount of money invested to obtain a relatively tiny trickle of oil by the end of the decade at vast CO2 cost, the future doesn't look so rosy. If you are hoping that dirty tarsands are the future then we are in trouble; both from global climate change and a very, very high oil price to pay for the infractructure needed.

Seems to me to be a poor alternative, brought into play only due to the depletion of the good stuff to me.

Welsh Wizard · Post by **Welsh Wizard** » 18 Jan 2009, 21:27

Another point, it is going to take decades to figure out and setup a low oil, post peak society. So you saying we have 30-40 years of oil left is not reassuring. If we have only 30 years to make this giant transition back to a low energy situation, then we better start now, because 30 years is plain not enough time to build power stations, rebuild rail, redesign cities and societies to cope.

An example: I am a gardener, and I know that some plants dont bear significant amounts of fruit until 4-5 yrs after planting. Now say we still want blueberries on our cereal in the post-peak world where air and road transport are likely to be scarce, well we are all going to need a local blueberry farm or a garden blueberry bush. If we keep delaying the planting of blueberries locally for a while pretending business as usual is possible then we will be without one of life's pleasures when the post oil world comes around. We need to start act towards a transition now because we have a huge task to accomplish in the coming time, be it 10 years to the crunch or 30 years to the crunch.

DominicJ · Post by **DominicJ** » 18 Jan 2009, 21:41

Sounds like a business opportunity then, if you believe theres going to be a blueberry shortage in 40 years, be prepared to supply them to your local area.
Personaly, I have 5 in my garden, I think, do I have 5 blueberrys?
Hmm, I knew I should have kept proper track of my second planting.
Anyway

RGR · Post by **RGR** » 18 Jan 2009, 21:56

[quote="Welsh Wizard"]

RGR · Post by **RGR** » 18 Jan 2009, 22:06

[quote="Welsh Wizard"]

RevdTess · Post by **RevdTess** » 19 Jan 2009, 09:55

Roll on the new version of phpbb with its ignore feature