Peak Oil - Dec 30
by Staff
Only those who have the most unlimited greed for profit by fast track depletion should have cause to object. No one realistically wishes for a disruption in the stability of the oil and gas industry, but their product would serve better if it were extracted at half the present pace rate and therefore remain available for twice as long into the future. On that basis, Earth's natural CO2 sinks would then have a somewhat better chance in the odds of absorbing the tonnages of CO2 that would still be emitted, but at greatly reduced levels each year. ... However, I like many others, choose in spite of the foregoing, to be optimistic. The ethical teachings of Greco-Roman civilization and the Judeo-Christian tradition lead us to the guiding principle of moderation in all things: moderation as being the basis of right action. This may motivate us, even if late in the day, to finally do the right thing. The consequence of doing otherwise does not bear thinking about. The very scale of human consumption and impact has, in the 21st Century, caught up with the vastness of the scale of Planet Earth and her "vast resources". Now what? Edward Schreyer is a Canadian politician, past Governor General, etc.
For many years, making these annual projections was a rather straightforward exercise. There was plenty of coal, oil, and gas available, so all the forecasters had to do was project a sensible rate for GDP growth, mix in some energy efficiency gains, add a bit of inflation and out came a reasonable set of projections of what the future US energy consumption and prices might look like. In recent years however, the traditional approach has started to come apart. Can anybody who follows the issue really imagine a product as valuable and as much in demand as oil dropping from its current $60 per barrel to $33 per barrel 20 years from now? Can anyone remotely familiar with the current oil situation really expect world production to increase smoothly from the current 84 million barrels a day (b/d) to 121 million b/d in 2025? ...So there you have it, the US Government officially is not yet ready to say that “Peak Oil” will have an impact in the next 25-30 years, but they now willing to admit in public that they are watching it closely. A new threshold has been crossed on the way to reality.
I spent a few days recently among some of the sharper editorial writers in the country listening to people with high-voltage expertise in energy. This gathering hosted by the Knight Center for Specialized Journalism at the University of Maryland convinced me that not only do I need to know much more about our nation's energy outlook ---- you do, too. Because when it comes to paying for energy, the choices awaiting us promise only to get tougher.
Roger Bezdek Chris Skrebowski Matt Simmons John Hickenlooper Henry Groppe Prof. Albert Bartlett Mark Udall A rousing cheer from this quarter for the flow of independant journalism being produced by GPM. Next time you curse the banalities of the WSJ or NYT, compare the content and cover price of GPM's product and consider supporting them instead. -LJ
There’s no lack of firm conviction when it comes to oil. Robert Hirsch’s resumé includes stints at both Exxon and ARCO, and he’s now senior energy program advisor at the Science Applications International Corporation. “The ‘depletion’ folks by and large are not exaggerating the problem, particularly when you add in the risk dimension,” he said in an interview. “The oil reserves are very uncertain. Middle East politics and egos are in play, and the rest of the world is at great risk because there will be no quick fixes when depletion starts.” ... There’s no lack of firm conviction when it comes to oil. Robert Hirsch’s resumé includes stints at both Exxon and ARCO, and he’s now senior energy program advisor at the Science Applications International Corporation. “The ‘depletion’ folks by and large are not exaggerating the problem, particularly when you add in the risk dimension,” he said in an interview. “The oil reserves are very uncertain. Middle East politics and egos are in play, and the rest of the world is at great risk because there will be no quick fixes when depletion starts.” |
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