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How Much Oil Remains?
Clipped to the Drawing Board by Ali Hamoud  

As oil prices again ride the "cost per barrel" roller coaster then inevitable the economics of supply and demand should decide the final resting place of oil (at any given point in time) - However the supply-demand formula has one key element - "supply" - but what happens if the supply is rapidly diminishing - many analysts have concluded that the world has passed the critical Peak Oil point, others dispute the findings and preach an alternative creed

....click the link to read more

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Charles () Newbie | 2007-12-17 17:22:14
with all due respect to my learned colleague at the Times - this article is absolute tripe - the facts are completly opposite to the arguments he is proposing - his arguments are obviously incorrect - we have passed Peak Oil and are on the slippery slide down to ???? something else - we need to take immediate action to counter the effects and force through alternatives
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Danni () Newbie | 2007-12-17 20:24:19
there is a lot of information floating around - but there is also a lot of mis information - and it's hard to know the real facts - ultimately it's up to you - what do you want to believe
http://www.reason.com/news/show/36645.html
the attached link gives a fairly balanced view
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Terri () Newbie | 2007-12-17 20:28:34
you are missing the point - we can not and should not keep running our world on high polluting fossil fuels and oil is one of the biggest contributors to the problem - not only that - it's the most difficult to control - at least with coal fired power stations - we have a chance to put come clean up measures and controls around them
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Boz () Newbie | 2007-12-17 20:35:55
who knows how much oil and gas is out there - as well as the stuff we know about - there is the coal to liquid conversion - then there is oil in difficult places - then there is the 80% of the worlds surface which is under water and waiting to be explored (well not the whole 80% - as we have offshore rigs already - but still a big area) so how much longer can we go on depending on this form of fuel - well if you ask me - a long time - but at what cost - if the price keeps going up at this rate - surely we will soon reach a point where oil is just "too expensive" and the world economy will go into reverse
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Jonno (92) Senior board member | 2007-12-18 03:38:34
well the Chinese are taking no chances - have a look at this article which details an oil reserve center - just in case

http://www.chinadaily.com.cn/china/2007-12/18/content_6329515.htm
then the Chinese always do things their way anyhow and because they are so big and theres so many of them - who's going to argue
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bill (73) Senior board member | 2007-12-18 14:10:05
I guess that we can always fill the old wells with fertilizer - according to a recent article, this has the potential for a big boost in gas supplies - maybe doomsday is a way off yet - I guess that it's good not to get complacent - but we keep coming up with new ways to stretch what is out there so the end date keeps getting pushed out
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Monday 17 December, 2007 10:07 PM
 
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