RE: Gas prices

RE: Gas prices (Full Version)

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[Poll]

Gas prices

I've cut back already

54% (40)

I won't cut back even if it's $10.00 a gallon lol

6% (5)

$4.00 a gallon is when I slow down

1% (1)

$5.00 a gallon is when I slow down

2% (2)

I need a @#$%! bicycle

10% (8)

I need a rickshaw pulled by a subbie

24% (18)

Total Votes : 74

(last vote on : 2/21/2008 4:19:52 PM)
(Poll will run till: -- )

Message

Hippiekinkster -> RE: Gas prices (2/19/2008 12:56:35 AM)
Having spent over 10 years in the research side of the petroleum industry in Houston (tiny little companies, though; Shell, Gulf, and NL Baroid), I have a little familiarity with projections of reserves. Here's some bullshit from a Saudi speaking to OPEC members in Wein, 2006: "We are looking at more than four and a half trillion barrels of potentially recoverable oil. That number translates into 140 years of oil at current rates of consumption, or to put it anther way, the world has only consumed about 18 percent of its conventional oil potential. " http://www.runet.edu/~wkovarik/oil/ Looking at this graph, it appears that global petroleum is about 85MMbpd. 3.1 billion barrels per year. Now, China and India are supposed to be REALLY increasing their consumption. Well, let's be conservative. A 5% increase per year. So consumption would double in 14 years. The midpoint (mean) of that is about 4.65 billion bpy. consumption over the first decade is 4.65 x 14 = 65.1 billion barrels. The second decade is 9.3 billion bpy, average. Consumption is 9.3 x 14 = 130.2 billion bpy. 3rd decade is 260 bpy. 4th decade is 520 bpy. 5th decade is 1040 bpy. 6th decade, 2080. By now we've used up about 4.1 trillion of that 4.5 trillion barrels. That's assuming the estimates are correct (doubtful) and all that oil is recoverable (doubtful). Now, here is a report estimating world production falling by half by 2030, and social unrest/wars resulting (which we are already experiencing). http://www.guardian.co.uk/oil/story/0,,2196435,00.html#article_continue

Hippiekinkster -> RE: Gas prices (2/19/2008 12:59:13 AM)
Note: Comments in brackets are mine. The markup colors didn't come over to this site. Alberta's Tar Sands: http://www.energybulletin.net/1191.html Over 1.3 Trillion barrels waiting to be exploited... [of which only 178 billion barrels are thought to be recoverable. World oil consumption is 83.6 million BPD (2005). 178 billion BBL would last 2,130 days at the CURRENT (2005) rate of consumption. ]http://www.eia.doe.gov/neic/quickfacts/quickoil.html Oil Shale: http://www.dailyreckoning.com/Rpt10./Shale.html There's over 1.5 Trillion barrels in the Rocky Mountains alone... [gotta get it out, which won't be easy, and it'll supposedly use 1BBL in energy for every 3.5BBL recovered. That gives 1.07 trillion THEORETICALLY recoverable. 12800 days, or 35 years at CURRENT consumption. ]http://www.dailyreckoning.com/rpt/OilShale.html Petrobras: http://www.offshore-technology.com/projects/petrobras/ [The Tupi field has from 5 to 8 billion BBL estimated. That's 100 days at CURRENT consumption.] If your really in the oil business you would have heard about their recent discovery which was the largest field found in the last decade and they just started. If you want, I'll mail you a copy of their annual report which goes into great detail. [Seems like everyone but you knows I WAS in Enhanced Recovery research at Shell-Bellaire. The oil shale labs were down the hall.] The oil scare stories are just silly. Technology continues to improve and with it the expansion of oil reserves continues. The world's oil reserves did not run out as the doom and gloomers whined about after the 19973 oil embargo. Indeed after pumping hundreds of billions of barrels, the world now has twice the reserves it had back then. [You should know my posts by now and I always have facts to back them up. Next time, just save everyone some time and google it yourself ]

Real0ne -> RE: Gas prices (2/19/2008 3:21:51 AM)
Sorta makes ya wish we were all smarter and would have shot jp morgan and the media etc for the destruction of the wardencliffe tower aye? Oh wait never mind we arent any smarter today then we were back then.....

Hippiekinkster -> RE: Gas prices (2/19/2008 4:18:13 PM)
Bump because this could turn into a good discussion about the future of fossil fuels, etc. instead of a bitchfest about gas prices cutting into the porn budget. [;)]

Real0ne -> RE: Gas prices (2/19/2008 4:55:46 PM)
quote: ORIGINAL: Hippiekinkster Bump because this could turn into a good discussion about the future of fossil fuels, etc. instead of a bitchfest about gas prices cutting into the porn budget. [;)] The quicker we use it up the quicker the population will decrease on this planet. Interestingly I had a guy turns onto the road behind me then barrels past me pedal to da metal only to slam on the brakes so he wouldnt miss the corner at the end of the block. The fucking idiot. It will get very interesting in the next few years to come, The problems of course is that we do not know if anything told to us is the truth. Thats the problem. Looking at the auto iindustry once again introducing muscle cars and remembering that damn 55mph where they introduced suv's after torturing us with that shit sort makes me very skeptical there is really that much of a shortage. Bottom line we cannot depend on anything they tell us.

Hippiekinkster -> RE: Gas prices (2/19/2008 5:15:00 PM)
Well, go up a couple posts and check out some of the links I've provided. I have more, btw. [:)] There's not a "shortage" per se; we're just on the downhill slide to zero reserves on the planet.

Real0ne -> RE: Gas prices (2/19/2008 6:00:34 PM)
quote: ORIGINAL: Hippiekinkster Well, go up a couple posts and check out some of the links I've provided. I have more, btw. [:)] There's not a "shortage" per se; we're just on the downhill slide to zero reserves on the planet. If we can even believe that? I didnt do the numbers of approx how much there should be but supposedly it was the whole planet that went through that phase Put it all underground then its like trying to calculate how many barrels are in theoceans. A lot. THat and I really have a hard time believing any of these assholes since I have already lived through one gas shortage and one supposed ice age.

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