Britdrnva~ Wrote:
-------------------------------------------------------
> pas'ion wrote:
> "OPEC countries can crank up production to meet
> that demand now, but their ability to do that is
> expected to decline over the next few years."
>
> This is called "peak oil" - tis an elusive number
> but many think its already come and gone others
> think that peak will hit very soon. After which
> time - the ability of oil producers to meet the
> demand will start to slack off at a fairly
> alarming rate. What happens when demand exceed
> supply? Price goes up.
>
> There was a good film I watched a while ago called
> Collapse - a man just talks for ~80minutes but
> honestly it will hold you tight. It make senses
> and I believe our world is heading into that
> collapse he talks about. What can be done on an
> individual level...not much and there is no will
> on a national or global level either...should be
> an interesting ride - here is the link to that
> film if you're interested:
>
http://www.imdb.com/title/tt1503769/
I don't know if we've hit peak oil yet, but there haven't been any supergiant oil fields discovered in quite some time. Basically, new sources of the easy to access (i.e. cheap) oil are getting harder to find. Yeah, they find some shit off Brazil or in Africa somewhere, but those are smaller fields and have maybe a 5-10 year supply. Nothing like the large fields in Saudi Arabia.
There's a lot of unconventional oil out there - oil shale, deep water, oil sands, but that's so expensive to refine that stuff. While the theory of peak oil is debatable, it's becoming clear that the era of cheap oil is ending.
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That's not a ladybug, that's a cannapiller.
Edited 1 time(s). Last edit at 12/07/2010 06:21PM by Warhawk.