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Old 01-10-2011, 11:42 AM   #21 (permalink)
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A whole 78 years?! Let's see if we can use it up faster!!!

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Old 01-10-2011, 12:22 PM   #22 (permalink)
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Sure there could be TONS of oil out there, but considering exploding demand and the increasing cost of extraction per barrel it's getting increasingly uneconomical... Fun times we're living in eh?
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Old 01-10-2011, 12:25 PM   #23 (permalink)
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I dunno... It became economical to extract oil from shale back in 2007.

We are talking about 400,000,000,000 barrels of oil. At $90 per barrel, that's about $36,000 TRILLION dollars. If it were taxed at 10%, that's enough to pay off the national debt completely, I think.
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Old 01-10-2011, 01:37 PM   #24 (permalink)
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The thread is starting to remind me of when drilling ANWR was all the rage. The SUV/righty tighty crowd thought that sinking some pipes in there would allow them to drive all over creation for the rest of their lives at 97 cents/gallon. Then I rained on their parade with the best available estimates of the size of the reserves vs. U.S. consumption.
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Old 01-10-2011, 02:26 PM   #25 (permalink)
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Quote:
Originally Posted by NeilBlanchard View Post
Oil is finite. By definition, there is a peak.

We passed worldwide oil discovery in 1965 or 1966. The fact that we are even considering using the so-called oil sands is proof that we are getting a little desperate...

Meanwhile, the BP oil pipeline in Alaska was leaking, again:

Congress Investigates Alaska BP Pipeline Leak : NPR
As usual Neil, the professional activist, is running his mouth and displaying his ignorance. The last time we heard this "we are running out of oil" nonsense was in the 1970's; the Leftist activists began crying that 'the sky is falling!' - just as they are doing again now.

"Peak oil is often confused with oil depletion; peak oil is the point of maximum production while depletion refers to a period of falling reserves and supply."

I would suggest everyone read this link rather than get their information from a biased cartoon video:
Peak oil - Wikipedia, the free encyclopedia

As expected, Neil would like to give the phrase a different meaning to keep you ignorant and promote his ideology.
 
Old 01-10-2011, 02:30 PM   #26 (permalink)
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Quote:
Originally Posted by Thymeclock View Post
As usual Neil, the professional activist, is running his mouth and displaying his ignorance. The last time we heard this "we are running out of oil" nonsense was in the 1970's; the Leftist activists began crying that 'the sky is falling!' - just as they are doing again now.

"Peak oil is often confused with oil depletion; peak oil is the point of maximum production while depletion refers to a period of falling reserves and supply."

I would suggest everyone read this link rather than get their information from a biased cartoon video:
Peak oil - Wikipedia, the free encyclopedia

As expected, Neil would like to give the phrase a different meaning to keep you ignorant and promote his ideology.
I'd say you crossed the line into personal attacks.
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Old 01-10-2011, 02:37 PM   #27 (permalink)
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Quote:
Originally Posted by Frank Lee View Post
I'd say you crossed the line into personal attacks.
Remember, thymeclock, it's never okay to directly describe somebody negatively.

However, you can imply it all you want, because that's okay. "FauxNoise," anyone?
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Old 01-10-2011, 02:39 PM   #28 (permalink)
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Is Fauxnoise a person posting here?
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Old 01-10-2011, 02:40 PM   #29 (permalink)
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...kick the **** out of the facts and figures all you want, but please "no shooting" of the messengers!
 
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Old 01-10-2011, 03:01 PM   #30 (permalink)
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I'll echo that - no getting personal please.

And I'll bet a unicorn's tear duct that nothing useful will come of this thread. And so with the lightning reflexes of an OPEC minister adjusting production output... thread locked!

Hey, here's an idea... Let's talk about improving vehicle efficiency (or driving efficiency) instead of politics!

EDIT...

PS., arragonis, this authoritarian forum admin thanks you for the chuckle

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Unfortunately my boss (who plays online poker at work) has decided to cut off You-tube

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