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Old 12-10-2013, 06:12 AM
 
Location: Prepperland
13,158 posts, read 9,243,771 times
Reputation: 9057

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Quote:
Originally Posted by Bily Lovec View Post
you may want to brush up on monthly totals being brought out of the ground in old wore out/peaked out fields these days.
its way more than in 1970, when peak oil supposedly happened.
U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Really?
The government data shows otherwise - and it is not a laughing matter.

2012 : 6.5 million barrels
1970 : 9.6 million barrels

3.1 million LESS barrels is WAY MORE?

Of course, since the source is the government, they must be lying.
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Old 12-10-2013, 06:22 AM
 
9,962 posts, read 11,851,644 times
Reputation: 13288
Quote:
Originally Posted by jetgraphics View Post
U.S. Field Production of Crude Oil (Thousand Barrels per Day)

Really?
The government data shows otherwise - and it is not a laughing matter.

2012 : 6.5 million barrels
1970 : 9.6 million barrels

3.1 million LESS barrels is WAY MORE?

Of course, since the source is the government, they must be lying.
Here's an updated one (September, 2013) that shows 7.794 barrels
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Old 12-10-2013, 06:39 AM
 
Location: Laurentia
5,562 posts, read 6,079,528 times
Reputation: 2356
Alternative sources of oil have been found that have shattered American peak oil to pieces. However, these new sources follow their own peak oil curve, although the peak of that curve is surely quite high and pretty far into the future; we're currently near the start of the shale oil curve. We'll be seeing plenty of oil - what we will never see again is cheap oil. These new sources of oil, even if they are more plentiful, are more expensive to extract than older sources of oil, and that keeps the price up at around $100 a barrel.

Quote:
Originally Posted by michiganmoon View Post
The president has also said that we could drill everywhere in our country even on the national mall and that wouldn't change the fact that we only have 2% of the world's proven oil reserves. This is 100% false. As proven oil reserves have to do with active wells, not untapped resources or wells not active. Out 2% of the world's proven oil reserves could go up or down dramatically based on where, when and how we do it.
The idea in 2008 was sold as "drill now and current gas prices will plummet", which was simply not true. Drilling is a long term prospect and would not have a significant effect in the short term; that doesn't make it not worth doing, though. If we had started drilling for more oil in 2008 by this point we'd have some of the first results. Oil will remain a valued commodity for years and decades to come, and the U.S. should do everything in their power to take advantage of whatever natural resources they have (everything, not just oil), since a natural resources boom will greatly help the American economy. It could be a ticket to a new economy and out of the stagnation of the past 13 years - just look at how North Dakota has been helped lately even with federal obstruction, and then imagine what would occur if the federal government would open up the country's natural resources.
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Old 12-10-2013, 06:48 AM
 
Location: NE Ohio
30,149 posts, read 15,723,226 times
Reputation: 8810
Quote:
Originally Posted by jetgraphics View Post
Facts show the opposite:

https://en.wikipedia.org/wiki/Petroleum
"Petroleum is a fossil fuel derived from ancient fossilized organic materials, such as zooplankton and algae. Vast quantities of these remains settled to sea or lake bottoms, mixing with sediments and being buried under anoxic conditions. As further layers settled to the sea or lake bed, intense heat and pressure built up in the lower regions. This process caused the organic matter to change, first into a waxy material known as kerogen, which is found in various oil shales around the world, and then with more heat into liquid and gaseous hydrocarbons via a process known as catagenesis. Formation of petroleum occurs from hydrocarbon pyrolysis in a variety of mainly endothermic reactions at high temperature and/or pressure."

"An alternative mechanism was proposed by Russian scientists in the mid-1850s, the Abiogenic petroleum origin, but this is contradicted by the geological and geochemical evidence."
....
U.S. Field Production of Crude Oil (Thousand Barrels per Day)
U.S. production (daily)
2012 : 6.5 million barrels
1970 : 9.6 million barrels
Ahem - can we say that the US production PEAKED in 1970 and has not risen to that level since?
....

BTW - another reason why there is "more" petroleum available, is that the US consumption rate has dropped since the recession / depression from a high of over (2006) 20 million barrels / day to (2013) 18 million barrels / day.

....
Americans still don't "get it" - we can't keep consuming 18 million barrels / day and only produce 6.5 million barrels / day. We're mortgaging our future to fuel our present.


When the "Fossil Fuel" tank goes "E", we can't wait 65 million years for a refill.
What we once thought to be "facts" are changing. Your "facts" are from old outdated sources. I have read recent sources (within the last few years) which state what I have said above.

Leftists (radical environmentalists, "greeners," and others) like the "peak oil" theory because it fits nicely with their so-called "renewable energy," "green" agenda. That's why they also invent arguments against "fracking" such as ground water contamination, etc. This is how leftists work.
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Old 12-10-2013, 06:55 AM
 
Location: NE Ohio
30,149 posts, read 15,723,226 times
Reputation: 8810
Quote:
Originally Posted by totsuka View Post
The peak oil myth has disappeared the last few years and unless the Liberals destroy our oil industry we shall do very well in the coming years with oil and natural gas production.
You're exactly right. So-called "peak oil" theory fits nicely with the agenda of the Left. That's why they cling to it.
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Old 12-10-2013, 06:58 AM
 
687 posts, read 1,081,310 times
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Peak oil is not about geology it's political. The mantra is that Democrats are opposed to increasing oil production because they care more about sissy things like the environment than the American people.
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Old 12-10-2013, 06:58 AM
 
10,876 posts, read 6,600,749 times
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I was told in college in 1973 by an environmentalist professor that we would run out of oil by the 1980's.

Environmentalists are wrong about EVERYTHING.
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Old 12-10-2013, 07:04 AM
 
Location: Prepperland
13,158 posts, read 9,243,771 times
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Quote:
Originally Posted by nicet4 View Post
Here's an updated one (September, 2013) that shows 7.794 barrels
Still not "way more" than 9.6 million barrels per day.
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Old 12-10-2013, 07:06 AM
 
Location: NE Ohio
30,149 posts, read 15,723,226 times
Reputation: 8810
Quote:
Originally Posted by michiganmoon View Post
Now that we have addressed peak oil. Why does President Obama not get "proven oil reserves" even after it was explained to his campaign so he could get it right for once?

Out oh, someone forgot to inform Obama again of simple information causing him to blunder about spouting off false information!

“With only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices,” President Barack Obama said in his weekly address March 10. “Not when we consume 20% of the world’s oil.”

The president has also said that we could drill everywhere in our country even on the national mall and that wouldn't change the fact that we only have 2% of the world's proven oil reserves. This is 100% false. As proven oil reserves have to do with active wells, not untapped resources or wells not active. Out 2% of the world's proven oil reserves could go up or down dramatically based on where, when and how we do it.



Why is Obama Lying About US Oil Reserves?

U.S. oil resources: President Obama’s ‘non sequitur facts’ - The Washington Post
Actually, it has been said recently that we have more oil reserves than all of the Middle East combined. That's a lot of reserves. We could be totally independent of Middle East oil. We have no need to import any.
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Old 12-10-2013, 07:08 AM
 
Location: NE Ohio
30,149 posts, read 15,723,226 times
Reputation: 8810
Quote:
Originally Posted by jetgraphics View Post
Most people do not understand what "Peak Oil" means.
https://en.wikipedia.org/wiki/Peak_oil
M. King Hubbert created and first used the models behind peak oil in 1956 to accurately predict that United States oil production would peak between 1965 and 1971. His logistic model, now called Hubbert peak theory, and its variants have been used to describe and predict the peak and decline of production from regions, and countries and has also proved useful in other limited-resource production-domains. According to the Hubbert model, the production rate of a limited resource will follow a roughly symmetrical logistic distribution curve (sometimes incorrectly compared to a normal distribution) based on the limits of exploitability and market pressures.
....
And since the US oil production did PEAK in 1970, many accepted his idea.
....

It does not mean that one won't find NEW sources, but that an existing source will eventually hit a PEAK and then decline along a curve that he predicted.

Alternative and more expensive sources of petroleum become economical to exploit once the price rises above the cost + profit level.

However, the point is still valid that relying on a fossil fuel composed of "old" solar energy stored in chemical form is a race to ruin. We should endeavor to use "current" solar energy, in all its forms. In parallel with that effort, we should transition to the most energy efficient forms of transportation, ASAP.
LOL You're a typical "greener."
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