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Old Today, 01:44 PM
 
Location: Seattle
1,304 posts, read 275,340 times
Reputation: 1336

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Quote:
Originally Posted by Frank DeForrest View Post
Okay, so now what?
Presumably the cost of oil extraction will steadily increase, and the price will be passed along to the consumer. Meanwhile solar energy is growing cheaper by the day. The economy will adjust accordingly. Eventually it might just make more sense to manufacture petroleum fuels as an energy storage medium, rather than digging it out of the ground.
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Old Today, 02:19 PM
 
Location: Columbia MO
1,755 posts, read 1,886,388 times
Reputation: 2095
Quote:
Originally Posted by TheGoodTheBadTheUgly View Post
the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even Homer Simpson mentioned it in an episode about doomsday preppers. Now, the topic is largely forgotten. So what happened libs?....
Fracking and directional drilling, mostly fracking; directional drilling was already pretty prevalent, at least in the Texas oil patch, in the 70s and 80s. But fracking has loosened incredible amounts of West Texas crude from fields that all the experts (none of whom could be called "libs" by any stretch of the imagination, unless you think of the Midland/Odessa independent exploration and production companies to be liberal) had written off as in terminal decline. Crude really was becoming slightly more scarce, and a lot more scarce at our utilization rates if oil from such peaceful, stable countries like Iran and Venezuela were taken out of the equation.

Just don't live anywhere near the fracking unless you like earthquakes and undrinkable water. But on the whole, I'm kind of proud of my old business for coming off the autopsy table and back to life.
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Old Today, 02:25 PM
 
16,364 posts, read 4,308,715 times
Reputation: 11506
Quote:
Originally Posted by Pilot1 View Post
Why would Trump want that? It would tank the markets, and the economy right before the election. It would create chaos, and uncertainty, plus the immense cost in $$$ and possibly lives. Many if not most people are sick of us being in Iraq, Afghanistan, and Syria. Another Mideast conflict would not be supported. Trump knows this. Putin has nothing to do with it. Only to the brainwashed.
Are you suggesting that Trump cares about an election more then he cares about actual policy or plans?

If people are so sick of us being all those places, why aren't they marching in DC?

Trump loves to create chaos and uncertainty - that's all he does!

But, in any case, I doubt he WANTS war. But he's easy enough for Bibi and Bolton and warmongers to manipulate that is other forces want it, it would likely happen.

Trump knows only this. He could have 100K plus of our troops in wars right now and if he tweets to YOU that he isn't engaged in ANY wars, you would believe him. You probably believe he defeated ISIS....

""It's complicated. There are certainly places where ISIS is more powerful today than they were three or four years ago," Pompeo said"
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Old Today, 02:33 PM
 
9,928 posts, read 2,441,567 times
Reputation: 4919
Quote:
Originally Posted by Pilot1 View Post
Fox ENTERTAINMENT is owned by far left progressive DISNEY. Fox News is a separate entity. Maybe educate yourself?
Just an FYI: Before you get too snarky you had better check your dates.

The purchase/merger was announced at the end of 2017, and completed in March of this year [2019].

FWIW, I don't consider companies to have 'leftist' or 'rightist' ideologies. They are businesses out to make a buck.

Companies are shape-shifters. It's what they do.
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Old Today, 05:11 PM
 
39,810 posts, read 41,189,724 times
Reputation: 16487
Quote:
Originally Posted by TheGoodTheBadTheUgly View Post
the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even Homer Simpson mentioned it in an episode about doomsday preppers. Now, the topic is largely forgotten. So what happened libs?....

Peak oil is not some myth, the most important thing to understand it does predict no oil. It predicts the amount of energy required to recover it exceeds the energy you get out of it. If you are using the equivalent energy of one gallon of oil to recover one gallon of oil that is obviously not sustainable. For example when they first drill a conventional well the oil typically flows by itself because it's under pressure. As the pressure subsides they need to start pumping. As the well goes dry they may do things like pump water into it to extend it's life. Each of these steps is an increasing amount of energy expended to recover the oil and at some point it will exceed the amount of energy recovered.





These predictions are problematic because the health of the major oil fields in countries like Saudi Arabia are closely held state secrets, new finds are difficult to predict, and new or improved technologies are unknown. Because of new and improved technologies fracking has provided a huge amount of new supply however it is an escalation of the amount of energy required to recover it.
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