World running out of oil, says ex oil boss

Aurora · Post by **Aurora** » 16 Jan 2009, 06:04

Calgary Herald - 15/01/09

Consumers shouldn't get too comfortable with cheap gasoline, because the planet is running out of oil and prices will go "sky high" --as high as $20 per litre--as petroleum reserves dwindle in the coming years.

That's the view of Jim Buckee, the British oilman who was CEO of Calgary-based Talisman Energy Inc., one of Canada's largest energy producers, from 1993 to 2007.

Article continues ...

skeptik · Post by **skeptik** » 16 Jan 2009, 09:17

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

DominicJ · Post by **DominicJ** » 16 Jan 2009, 09:36

Its amazing how any "expert" who agrees with a person is believed without question, and anyone who doesnt is an oil industry hack paid to sow dischord for some reason.

Consumers shouldn't get too comfortable with cheap gasoline, because the planet is running out of oil and prices will go "sky high" --as high as $20 per litre--as petroleum reserves dwindle in the coming years.

Last time the world entered deflation it took us almost 20 years to break out.
Poor old Japans been stuck in it for 18 years already.

snow hope · Post by **snow hope** » 16 Jan 2009, 11:04

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

"$20/litre" - now that would be interesting......... feck!

skeptik · Post by **skeptik** » 16 Jan 2009, 13:00

snow hope wrote: "$20/litre" - now that would be interesting......... feck!

Yes... $150 to fill up the scooter would certainly cramp my style.

I wonder if it could get up that high. $4 a gallon seems to be the psychological breakpoint which starts to produce 'behaviour modification' in the American motorist.

Andy Hunt · Post by **Andy Hunt** » 16 Jan 2009, 13:29

£300 to fill up my Mini . . . think I'll be getting the tram to work a lot more.

Along with everyone else, presumably.

PS_RalphW · Post by **PS_RalphW** » 16 Jan 2009, 13:42

$20 /litre would make driving twice as expensive as catching the bus into town is today. But the price of the bus would double on fuel charges alone - so it would still be cheaper to drive

eatyourveg · Post by **eatyourveg** » 16 Jan 2009, 14:18

Still good value in a chainsaw.

Andy Hunt · Post by **Andy Hunt** » 16 Jan 2009, 15:03

eatyourveg wrote:Still good value in a chainsaw.

Not half. Using a Mini tank's worth of petrol in my chainsaw would chop a LOT of logs.

Then of course there's getting them from A to B, but that's another issue.

eatyourveg · Post by **eatyourveg** » 16 Jan 2009, 15:12

Andy Hunt wrote:
eatyourveg wrote:Still good value in a chainsaw.
Not half. Using a Mini tank's worth of petrol in my chainsaw would chop a LOT of logs.

Then of course there's getting them from A to B, but that's another issue.

'Another Issue'. Odd name for a horse.

Andy Hunt · Post by **Andy Hunt** » 16 Jan 2009, 15:35

I like it.

The tree surgeon I get logs from sometimes gives training courses in the use of horses for woodland management. Apparently they've been booked solid for a good 2 years or so now.

Post by **kenneal - lagger** » 16 Jan 2009, 16:47

Andy Hunt wrote:Then of course there's getting them from A to B, but that's another issue.

I've been thinking of training one of my bullocks to haul logs and a cart for a while now. If I get one that needs to be bucket fed this year I might have a go.

It'll be a long time before we get 20$ petrol. As someone said, we could be in this recession for a long time and when we come out it would only take $150 dollar per barrel oil and 4$ petrol to send us back into recession again, for good knows how long.

Norfolk In Chance · Post by **Norfolk In Chance** » 16 Jan 2009, 17:04

That sentence would have taken on a whole new meaning if you had made a 'typo' with the wrong vowel.

Andy Hunt · Post by **Andy Hunt** » 16 Jan 2009, 17:40

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

RGR · Post by **RGR** » 16 Jan 2009, 19:16

[quote="skeptik"]