Front page of The Independent.

Originally Posted by grh1904

So, all that pointless crap above brings me onto my point, (there is one you ask ???????), in the mean time, while there is oil, and I can still afford to buy petrol, (just), I intend to get out on my SV as often as I can and wring the f**kers neck at every opportunity.

That sounds like a plan.

By the time the oil supplies run out, the oil companies will of invested enough money in alternative and decent power sources (such as the Hydrogen bike that was in the news not so long ago - pump enough money into that, and you'd be on to a winner).

Let me ask you all a question: Pretend you're the boss of a major oil company, and you won't be out of that position for a good 30 years. You know what's happening to the oil, but you don't want your shareholders to know. Do you just sit on your hands & hope it'll all work out, or do you take the business initiative to do something about it and lead the market?

I rest my case. UKPIA will have to change it's name, but it'll still be the biggest association (in terms of revanue and volume of sales) in the UK, regardless of the state of oil.

Originally Posted by neio79

what about the known reserves under the Arctic/ Antarctic and the Falklands?? Not allowed to drill their yet but i am sure there is Oil undr them.

Wasnt that part of the reason why Britain held onto them so strongly??

Go to war over the 'black stuff'? Surely that never happens.



oh, and I don't mean Guiness!

As oil 'runs out' from current oil fields, the price will rise, but that'll mean it'll become economically viable to extract it from shale, which is more expensive to do. This means although the price has gone up, you've now got a larger reserve being access which should slow down the price increase.

Originally Posted by Flamin_Squirrel

As oil 'runs out' from current oil fields, the price will rise, but that'll mean it'll become economically viable to extract it from shale, which is more expensive to do. This means although the price has gone up, you've now got a larger reserve being access which should slow down the price increase.

You mean tar sands like in Alberta Canada. It's a mining operation, they scoop up the sand and then cook it off to release the oil.
How do they cook it?
Natural gas.
What's just peaked in Alberta?
Natural gas production...

The use of one fossil fuel to extract another will become unsustainable. The tar sands project's budget is already way beyond original estimates and tar sands are easier to extract than shale.

Originally Posted by Razor

You mean tar sands like in Alberta Canada. It's a mining operation, they scoop up the sand and then cook it off to release the oil.
How do they cook it?
Natural gas.
What's just peaked in Alberta?
Natural gas production...

The use of one fossil fuel to extract another will become unsustainable. The tar sands project's budget is already way beyond original estimates and tar sands are easier to extract than shale.

*sighs* My home province... When I were a lass these were all tar sands...

Actually quite a scary thing this 'Peak Oil'. Surprisingly for me I've been looking into it for a few day before this came out.

The big issue is not being able to ride the bike but the economic impact of there being a greater demand than supply.

In the 70s Oil Crisis in the wake of the Iranian Revelution there was only around a 5% shortfall but the price doubled overnight, then OPEC increased production and the price went down.

So what would happen if production could not be increased to demand (remembering that China and India have a real thing for cars at the moment).



The plateau is the period where the cost of oil increases so recovering the harder to get reserves becomes viable (deep sea, small pockets, tar sands).

This can only last for a while.

Then comes the cliff, not so much no more fuel but no more cheap fuel (although at this point it will be a pretty penny anyway).

The real kicker is that a substantial area of food producing land is only able to produce food because of the cheap oil (pumping water, pesticides, fertilizers, fuel for the machinery etc.).

Then if it all goes this wrong we far exceed the carrying capacity and a dieoff occurs, unless something else happens first.

Below are a few links to make you thinks.

http://www.lifeaftertheoilcrash.net/
http://www.peakoilandhumanity.com/in...ge_english.htm
http://www.dieoff.org/ - Poor quality graph but lots of other depressing links!

To be honest there isn't really a lot that can be done, keep riding!

Originally Posted by Mousetrapper

Actually quite a scary thing this 'Peak Oil'. Surprisingly for me I've been looking into it for a few day before this came out.

I've been looking into it for a few months. My first thread about it was in February.

There is something that can be done, but it would take everyone working together and it would mean economic hardship for all of us.

Originally Posted by Razor

There is something that can be done, but it would take everyone working together and it would mean economic hardship for all of us.

so nothing will happen then....

Exactly.

Ah, yes so it was - I haven't been around that long. I'll be having a look at some of those links from Feb.