Geoff of Perth

no new research is required.. people have been warning of peak oil for decades without realising that it doesn't refer to a peak of total oil supply, as noted in the earlier posts..

The article overlooks major new developments in the energy field, particularly in the US, in order to retread tired, old scare stories. Given recent developments, the author must be one of the few left who bothers with peak oil..

Other posters, also unwilling to let this scare story go, have tried to get around the fact of new discoveries by claiming that really they won't last long.. they are assuming that the Brazilian and Gulf fields are the last to be discovered in deep water and that the reserve estimations will not grow substantially as the existing field is explored.. which always happens. they are also overlooking the vast reserves of unconventional oil.

Peak oil is dead.. forget it..

Yes 579 I heard about that, I just wonder if they still use the system.
In the US you can buy the compressors off the shelf.
I wonder though if everyone did that would the gas mains cope or would
the whole city have to have its capacity increased.
Bit like for electric cars, have to increase the mains capacity.

One catch with CNG cars, you have to purge the tank every time you refill.

Hasbeen your proof that global warming was all made up clearly has been missed by the rest of us living in the real world. What is the bet everyone that Hasbeen thinks at least one of these is true.
they found weapons of mass destruction in Iraq? Evolution is false! the world is only 6,000 years old! 911 was an inside job.

The Author has tried in vain to get the right wingers on this sight to think. They just can't get it. One can only think they must be surprised everytime they eat the last lolly in the lolly jar.
Oil will runout some day it's a simply as that, just as the sun will stop one day.
More importantly however oil will get dear and dear to buy. The free market will not help us, as not even the yanks will allow market forces to do what they do.
So what do we do, we have to start planning for it now as there will be lot of people with their head in the sand just like climate change.

Kenny, as a sailor, with commercial masters tickets, & a bloke who breed horses for fun, I started getting pretty excited at the talk of peak oil in the 70s. Here the world was coming to me, my skills, & my hobbies, all at once.

I could sail the new wind powered cargo ships that would be required, or I could breed all the horses to pull the carts we'd need. Fortunately I didn't hold my breath then, or the next time, & won't this time either.

I reckon my son will still be driving my classic old sports cars, long after I'm gone, & they are petrol powered.

Meanwhile let me know when you want a skipper for your sailing ship, I'll love it. But if you need me to breed up a herd of horse power to pull your carts, you'd better hurry. I've only got one stallion left, & he's over 20, so wont be breeding much longer.

Once we've used all this gas, we then have all the tundra methane, we should be able to harvest, then the deep sea methane to follow. Fellers your kidding your self, with probably wishful thinking, that we're going to run out of energy any time soon.

These discussions are handicapped by what seems to be ignorance about micro-economics. The fact is that there is a supply curve and a demand curve for petroleum products. On the supply side, it is evident that the higher the price, the more fuel can be produced and return a suitable return to the investor. There are many sources of supply including shale oil, tar sands, coal to oil conversion as well as shale gas, natural gas etc. There is also the possibility of working over old oil fields for tertiary recovery.

Clearly some of these approaches are capital intensive and require sustained high oil prices to be viable. However, there is no doubt that oil supplies are more than sufficient if current prices could be guaranteed for, say, 20 years.

There is a demand side response to higher prices as well. Consumers find ways to use fuel more efficiently, notably by adopting diesel powered European cars, but also electric cars of various kinds.

Bazz The compressors are available in NZ, and there is no purging of gas, a small amount of gas escapes when you release the re-fueler.