is my thinking correct

stuart Posted By stuart, Mar 18, 2006 at 8:45 PM

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  1. PutnamJct

    Feeling the Heat 2.

    Feb 17, 2006
    Putnam County NY
    I frequently have a similar arguement with someone who subscribes to the "Peak Oil" theory. I don't think we will run out of petroleum in our lifetime either. But it probably will never be as cheap as it was in the past.

    In one of my other posts in this thread I was pointing out that the science of pricing pellets vis a vis oil/gas/etc is an unexact science at best.
  2. berlin

    New Member 2.

    Mar 6, 2006
    Western NY
    The notion that we will run out of petrolium in our lifetime or our great-grandchildren's is rediculas. We have conventional reserves as well as oil shales which, btw, there is enough recoverable oil in to equal all the oil that ever existed in conventional reserves, the best part is that the USA has 3/4 of the worlds oil shale. Coal liquification is an aditional very promising source of liquid fuels, after all we have 1/3 of the worlds coal. algae farms using co2 produced from coal-fired powerplants to rapidly grow algae that produces tremendous amounts of oil which diesel can be produced from is being put into operation right now. The only reason much of these alternative oil sources are not being exploited currently is simply because investers remember the getting burned badly after the alternative source investing spree they went on in the seventies. production from these sources will happend after investors are assured of higher oil prices for years to come. at $35/barrel coal liquification becomes economical and at $50/barrel oil shale exploitation becomes economical. So there will be oil and hydrocarbon fuels for centuries to come, however it will not be at prices seen in the 90's. well, i'm done hijacking this thread.
  3. Sandor

    Minister of Fire 2.

    Dec 9, 2005
    The very first thing that must be pointed out about Peak Oil is that oil WILL NEVER RUN OUT.

    Thats a given. The issue is, is that demand will surpass production capability.

    Anybody that thinks that Natural Gas or Oil will always be available has simply not done the research.

    The issue will become whether people have the money to heat with oil or natural gas.

    Pellet available will increase along with demand.

    Sticking your head in the sand can provide brief relief.
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