17-03-2005 23:04									#31
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YAY teh HALIBURTON for incenting teh new oil exploration!

I blame teh BUSH.

	17-03-2005 23:05									#32
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quote: Originally posted by Giancarlo I'd personally want to see less hummers here in California.

Prude.

What people do in their own bedroom is none of your business.

	17-03-2005 23:05									#33
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quote: Originally posted by Sava why the thumbs up? according to estimates I've read in the papers this morning, there isn't much oil there anyways. In fact, the Chicago Tribune reported that we would be better off raising the mandatory fuel efficiency by 2 MPG...

I actually heard there are huge amounts of oil there. Don't believe everything in the liberal press.

Also in the gulf of mexico I heard there are huge untapped oil reserves.

	17-03-2005 23:07									#34
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quote: Originally posted by Asher Prude. What people do in their own bedroom is none of your business.

Sounds like an opportunity to sell bedroom shades and draperies.

	17-03-2005 23:07									#35
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As the price of oil keeps increasing, so does investment into the Alberta reserves.

Not to mention the massive royalty increase due to the price...and the elimination of the Alberta debt, Alberta's looking at a ton of money.

	17-03-2005 23:09									#36
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Drilling in Alaska won't decrease the price of oil one penny. That you can be sure off.

	17-03-2005 23:09									#37
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quote: Originally posted by Giancarlo I actually heard there are huge amounts of oil there. Don't believe everything in the liberal press.

the Chicago Tribune is liberal? MAN your political compass is really ****ed up

	17-03-2005 23:10									#38
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quote: Originally posted by Asher As the price of oil keeps increasing, so does investment into the Alberta reserves. Not to mention the massive royalty increase due to the price...and the elimination of the Alberta debt, Alberta's looking at a ton of money.

How big are Alberta's reserves?

	17-03-2005 23:10									#39
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quote: Originally posted by Kidicious Drilling in Alaska won't decrease the price of oil one penny. That you can be sure off.

Because you, a communist, says so?

Anyways, I think I'll be cheering on mostly those hybrid cars (like with fuel cells) and other inventions..

	17-03-2005 23:11									#40
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hybrids

	17-03-2005 23:12									#41
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quote: Originally posted by Giancarlo Because you, a communist, says so?

Yes, because we know how the economy works. The oil that would be extracted would only be a drop in the bucket. It would only make the oil companies richer.

	17-03-2005 23:14									#42
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quote: Originally posted by Kidicious Yes, because we know how the economy works. The oil that would be extracted would only be a drop in the bucket. It would only make the oil companies richer.

You guys don't knwo how the economy works. And making the oil companies richer. Anything to make businesses richer is what I want.

	17-03-2005 23:16									#43
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quote: Originally posted by DanS I have a running $1,000 bet with my brother where I say that we will be using more oil 10 years from now than currently, but that's me trying to show that the notion of peak oil is rubbish, or at least irrelevant for us.

I have heard many estimates, but my gut feeling is that we will have peak oil between 2020 and 2030. Also, I have read that Non-OPEC oil production will peak before production from OPEC countries. And yes, Peak Oil is relevent.

	17-03-2005 23:19									#44
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quote: Originally posted by Giancarlo You guys don't knwo how the economy works. And making the oil companies richer. Anything to make businesses richer is what I want.

They are already too rich. Why ruin the environment just to make them richer?

	17-03-2005 23:20									#45
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quote: Originally posted by Giancarlo How big are Alberta's reserves?

In 2003, 174.5 billion barrels known in established reserves of the oil sands alone.

	17-03-2005 23:21									#46
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quote: Originally posted by Asher In 2003, 174.5 billion barrels known in established reserves of the oil sands alone.

That is definitely something that should be invested more heavily in.

Kiddo, businesses are the backbone of the economy. If they are richer, the better (responsibly and honestly that is).

	17-03-2005 23:23									#47
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quote: Originally posted by Odin I have heard many estimates, but my gut feeling is that we will have peak oil between 2020 and 2030. Also, I have read that Non-OPEC oil production will peak before production from OPEC countries. And yes, Peak Oil is relevent.

I've read that production isn't the bottleneck. It's more a problem with distribution.

	17-03-2005 23:25									#48
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quote: Originally posted by Giancarlo Kiddo, businesses are the backbone of the economy. If they are richer, the better (responsibly and honestly that is).

No they aren't. Thier overall spending is insignificant. The consumer is the backbone.

	17-03-2005 23:25									#49
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quote: Originally posted by Giancarlo That is definitely something that should be invested more heavily in.

North American established reserves...

	17-03-2005 23:25									#50
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quote: Originally posted by Kidicious The consumer is the backbone.

	17-03-2005 23:29									#51
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quote: Originally posted by Sava I'd like to see it, but I'm realistic. We won't see alternative sources unless big companies can make obscene profits.

	17-03-2005 23:32									#52
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Asher...what is the annual consumption in the US?? (if you know).

Also see my question in the WoW thread in OG

Asmodean

	17-03-2005 23:32									#53
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quote: I have heard many estimates, but my gut feeling is that we will have peak oil between 2020 and 2030.

In other words, you're pulling your opinion out of your ass.

quote: And yes, Peak Oil is relevent.

We will move on to other technologies well before peak oil becomes relevant.

	17-03-2005 23:33									#54
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quote: Originally posted by Asher North American established reserves...

Me thinks having that much oil near you-know-who should scare you more than be a source of happiness.

	17-03-2005 23:34									#55
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quote: Originally posted by alva Me thinks having that much oil near you-know-who should scare you more than be a source of happiness.

Alberta and the US get along fine, it's the rest of Canada...

	17-03-2005 23:39									#56
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Asher's graphic is more than a little misleading. We don't know how much oil sands are available, but it's a whole lot. Also, in the US, we have a whole lot of oil shale (similar to oil sands) that remains untapped.

The "problem" with both oil sands and oil shale is that extraction is rather environmentally unfriendly. Very much like strip mining for coal. The reason Alberta can get away with it politically is because nobody lives in vast stretches of Alberta.

Last edited by DanS on 17-03-2005 at 23:45

	17-03-2005 23:41									#57
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quote: Originally posted by DanS We will move on to other technologies well before peak oil becomes relevant.

Not when the oil companies want to make sure they get a profit to the last drop. You assume the market will create the demand, it ain't happening. Why do you think the car companies b*tch when the government tries to require more efficent cars?

	17-03-2005 23:44									#58
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The demand for hydrogen cars is big though, so I'm optimistic about this ( especially for the rich countries)

	17-03-2005 23:46									#59
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quote: Originally posted by alva The demand for hydrogen cars is big though, so I'm optimistic about this ( especially for the rich countries)

the problem with hydrogen fuel cells is that the manufacturing process of hydrogen uses fossil fuels

	17-03-2005 23:46									#60
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quote: Originally posted by DanS The "problem" with both oil sands and oil shale is that extraction is rather environmentally unfriendly.

Gotta love the "" that come along the word "problem"