Life after the Oil Crash

Maybe it'll be space oil

I wanted to thank you to everyone who voted for the current administration... a big Thank you and Fuck you

Fact: The world will NEVER run out of oil, he last drop of oil will have one of two values:

$0 or infinity.

In the first case, no one will want to buy it, in the second, no one will be able to afford it. But Game Theory would say that the second case is an unstable equilibrium. Therefore, the long-term stable equilibrium price of oil is $0 per barrel.

Just saw this the other day, any of you guys see it?

http://www.oilcrashmovie.com/

Let's try our basics ASM.

Peak oil is a necessity, logically, because we know how oil is created - it involves lengthy processing at high pressure of no longer extant flora. Therefore, it is not possible that oil is currently being created at the pace it is being consumed, and therefore it is necessary that at some point oil will run out.

Now, reasonably, it is impossible to accurately predict whether that moment is now, in ten years or in ten thousand.

The reason is simple : There could be oil under your livingroom, ten, twenty, fifty miles deep, and there could be more oil there than water in the Pacific. Is this likely ? I do not know, and anyone claiming they do is talking out of their ass. We simply haven't been doing enough deep drilling to have much of a clue how that works.

We also don't have much of a clue as to what's under the vast majority of the ocean bed, which incidentally is also the majority of the earth surface, etc.

In fact, only recently the ocean floor has been mapped at all, the russians had decent maps all through the cold war for some parts, but really, we're way way behind. Incidentally, oceanography and related technical subjects will in my oppinion be the hottest technical skills on the market for the next decades, so if you got a kid...

But anyway, the best argument the peak oil crowd can bring is that it is in fact perfectly possible there's no more oil than we've already found, nowhere in the universe. This is perfectly possible.

IF it is also true, then at the current rate of consumption, (ie, 0 growth from now on) we have a few decades left. It is actually impossible to know for sure. At the current pace of growth, we have a few more years.

I think that's pretty much the sum-up.

Yippee! Oil for free! Can't wait...

No, actually, it's a good thing they're doing it.

The only thing the congress is looking into is how to further isolate the US, and in general run it into a wall. The laws of the universe won't change cause mr speaker doesn't like them, and speculation is as important as gravity is.

ahhhhhhhhh at the end of the ocean the world just falls offf.ahhhhh

I love my oil stocks

Oil prices had their biggest gains ever on Friday, jumping nearly $11 to a new record above $138 a barrel, after a senior Israeli politician raised the specter of an attack on Iran and the dollar fell sharply against the euro.

http://www.youtube.com/watch?v=HX8Ih...eature=related

Interesting listen. Apparently this guy says that the oils execs are waiting for oil to reach $150 a barrel before revealing one of the greatest American oil discoveries in history.

[QUOTE=Rochard;14253937]Does anyone here not care about the price of gas? I so rarely drive that I haven't really noticed.[/QUOTt

The price of oil effects everything. Everything you can think of is made from some form of a petroleum product, eventually it will effect you.

Do any of you remember this!

http://www.msnbc.msn.com/id/14678206/

lol... Coast to Coast... did aliens put the oil there? The guy believes in abiotic oil. sheesh.
The ridiculous thing is, what would be the point of waiting for oil to go to $150 before announcing the world's largest find be? Do you really think oil would stay at $150 for a nano second after they announced it? lol. It doesn't make even the slightest amount of sense... The market will take that information and price oil accordingly. Also it's one of those things that sounds vaguely credible if you wear tin foil but have no experience in oil drilling. Shareholders of the companies involved would have been baying for results like on any drill and essentially they could probably loose every dollar of any massive find to legal action resulting from not informing the market as required by law. It doesn't make any sense. Even the most basic bit of initial thought.

Googled it and found this tidbit also:

"if you listen closely to Lindsey Williams and remain skeptical you'll realize major portions of this story are bs. ask yourself this question. if you secretly ruled the world would you invite him to join in on your we secretly rule the world meeting?

plus just check out his website. he'll tell you all the "real" secrets he didn't reveal in those youtube videos for the low price of $19.95 a month."



Man i hate conspiracy theories that don't make any sense.

Hydrogen is bullshit... Not only that.. I can tell you don't actually know what it is. There is no "hydrogen market" and never will be. Hydrogen is an energy carrier, not an energy source.. you can't dominate the "hydrogen market" any more than you can dominate the battery market. Oil, Nat Gas, Nuclear, Wind, Solar, Wave, Geothermal etc are all sources of energy for hydrogen... it's just really inefficient compressing and transporting it. It's a ridiculous white elephant that I hope never gets off the ground. We just need better battery technology and head straight into electric cars.

That said, I generally agree with you on doomsayers etc. I don't really believe that peak oil will bring on the zombie hoards. We'll cope.. things might get hairy.. bit of recession etc.. but we'll be generally ok.