ThatDamnedPanda
Posts: 6060
Joined: 1/26/2009 Status: offline
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quote:
ORIGINAL: Louve00 I am having a bit of trouble processing this information. I saw on the news a while back that OPEC was going to cut the production of oil because the demand has gone down. Not quite the same thing as we're running out of oil, even though BP and Conoco Phillips aren't OPEC companies, they are by far much, much smaller. That was in early February, at the depth of the recession, when demand was reduced to almost nil. It just doesn't make sense for them to keep pumping something nobody's buying. Cutting production was just a short-term response to the temporary reduction in demand; it had nothing to do with an overabundance of oil. As demand (and prices) go back up, they'll boost production. quote:
ORIGINAL: Louve00 I also heard that the US can produce 3% of its needs, when it comes to oil. If that 3% is running out of oil, we may not be running out, after all. I'm not sure what you mean by that. We're definitely running out of oil. There's no question about it. Every country that's pumping oil is running out of oil; the only question is how fast. It's a finite resource - they're not making any more of it. Every drop somebody pumps somewhere is one less drop remaining in the world's reserves. quote:
ORIGINAL: Louve00 Well...WE, in America, might. Wouldn't that be all the more reason to look for alternative energy, if we are striving to be energy dependant? I think you meant independent, right? In which case, yeah, you're absolutely right. But it's not just an American problem - it's a global problem. The whole world needs to switch over to alternative energies as soon as possible. The health of the American economy is dependent on the health of the world economy. It doesn't do us any good to be crusing along on solar, nuclear, and nuclear-cracked hydrogen if the rest of the world is shut down because they don't have gas for their cars, diesel for their trucks and trains, and fuel oil for their factories.
< Message edited by ThatDamnedPanda -- 8/16/2009 8:38:54 AM >
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Panda, panda, burning bright In the forest of the night What immortal hand or eye Made you all black and white and roly-poly like that?
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