could we be entering fuel shortages?

[mattpoulsen]

That's great, but that has nothing to do with transition to an new energy economy and that is the issue you seem to be so upset with. You brought it up, I'm just defending myself.

[Isaysos]

Yeah, Cordor is right. It is true that without oil, many scientist say, that the world will only be able to support 2 billion people MAX! Theres no way we can continue to support a growing population of 6.5 billion with any kind of alternative we come across. The abundance of oil has allowed our population to explode and we are just now seeing the effects of our overshoot (resource depletion and global warming, fammine etc...) As much as I would like my self and my kids to experence the comfortable, overly convinent life we have been, its naive to think we can go on the way we are. On the bright side, at least we will get rid of the obesity epidemic.

[Cordor]

Yes, and even if there is a technological breakthrough and we can fix this problem and implement it into society in thirty years is that enough time to keep things going as usual currently?

[Cordor]

Originally Posted by Cordor

I have been following statistics in c+c world supply for a while now and the numbers are not pretty since May of 2006. They go by monthly numbers and is free to view. I check up on the IEA as well as the EIA and ASPO has some good information as far as total supply on a daily basis goes. I am not a doomsday alarmist but a person who only spits out the truth by what he sees as supply issues so do you own homework then if you feel that way!!!

ooops, I didn't get the year right. It was may of 2005 not 2006 that peaked in light crude and condensate and July of 2006 for all liquids:
------------------------------------------------------------------------------------------------------------------------------------
Executive Summary:
Monthly production records are unchanged:
All Liquids: the peak is still July 2006 at 85.47 mbpd, the year to date average production in 2006 (11 months) is 84.59 mbpd, up 0.01 mbpd from 2005.

Crude Oil + NGL: the peak date remains May 2005 at 82.08 mbpd, the year to date average production for 2006 (11 months) is 81.40 mbpd, down 0.03 mbpd from 2005 (11 months).

Crude Oil + Condensate: the peak date remains May 2005 at 74.15 mbpd, the year to date average production for 2006 (11 months) is 73.48 mbpd, down 0.09 mbpd from 2005 (11 months).

NGPL: the peak date remains February 2005 at 8.05 mbpd, the year to date average production for 2006 (11 months) is 7.92 mbpd, up 0.06 mbpd from 2005 (11 months).

No major revisions on the previous monthly estimates in this month release. Weak growth continues: November 2006 estimate for crude oil + condensate is 73.41 mbpd compared to 74.11 mbpd one year ago.
__________________________________________________ __________________________________________________ ________________

Happy motoring Nebraskans

[mattpoulsen]

Cordor, Isayos, Coaster:

Maybe people are starting to take your advice. Apparently, Americans are curbing their driving behavior:

http://www.usatoday.com/news/nation/...s-prices_N.htm

[Cordor]

Just thought I would bring this old topic back to life. So many changes in that demand for motoring (in america) has decreased yoy (year over year) by as much as .6 percent but yet fuel costs still increase at an exponential rate. The reason why the increase from $72 a barrel of oil last year in May to $132 barrel this year is due to the fact there are supply shortages and demand from China/India keeps growing on a monthly basis. What happened to ethanol? It is proving that it is more cost effective and also hurts our food supply worldwide. Well, there goes our plans to grow our own fuel lol.