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The Forum > Article Comments > Peak oil and the lost message of the carbon tax > Comments

Peak oil and the lost message of the carbon tax : Comments

By Tom Holland, published 2/7/2012

Welcome to the world of the carbon tax.

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Poiret

'On the contrary, runner, ignorance and blind faith are the particular specialties of your "pseudo" intellect. '

Your gullilibility shows why you support a carbon tax. Next you will be saying its going to make a difference to our temperatures. THankfully the majority will show what they really think next election besides a few still fooled by pseudo science. If this is the best you can do I am more than happy to be considered as having a pseudo 'intellect' by the likes of yourself . I dare say you would of believed the 'scientist 'in the 70's when the planet was suppose to be heading for an ice age.
Posted by runner, Tuesday, 3 July 2012 4:22:32 PM
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Atman,

A link fromm a "weather presenter's blog hardly constitutes anything....

Here's something more substantial for you - and I'm sure you'll be glad to digest an opposing view.
http://www.ipcc-wg2.gov/SREX/images/uploads/SREX-All_FINAL.pdf
Posted by Poirot, Tuesday, 3 July 2012 4:38:09 PM
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Great News everybody.

Peak Oil has been called off & I can assure you the future is assured.

America is pumping $billions of world resources (it has got from selling 15cent US dollars to unsuspecting idiot clients like Australia) and ziggatons of coal into making non net-energy producing oil wells productive. Thus making the US the second biggest OIL exporter to Saudi Arabia.

Such good news. We are all saved!

Wayne Swan
Treasurer of the Century,
Canberra
Australia.
Posted by KAEP, Wednesday, 4 July 2012 4:21:00 AM
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The UK's North Sea oil production peaked in 1999. Last year it fell by 17%. It was 2909 1000 b/d in 2005, 1100 1000 b/d in 2011. It's the aggregate of the world's national peaks that builds the global peak, which BP and EIS show "alloils" production has "plateaued".

With crude oil, tarsands and natural gas liquids (NGLs includes butane, propane, &c sold separately), global production has stalled at 82 million b/d, while with just crude oil and lease condensate, EIS reckons it has "plateaued" at 73 to 74 million b/d. BP claims that Saudi Arabia's crude oil and NGL production was at a "record" in 2011, but it was virtually the same as in 2005, 11161 1000 b/d compared with 11114 1000 b/d in 2011. Barrels are a volumetric measurement and the corresponding weights in tonnes are 526.8 million tonnes in 2005, down to 525.8 million tonnes in 2011, a reduction of just 0.2%, not a record..
But when EIS's figures for crude oil and lease condensate are taken Saudi production in 2011 was 1% down on 2005, from 9550 thousand barrels a day down to 9456 thousand barrels a day. Saudi Arabia pumped as much as it could last year to take advantage of the high oil price and a lower rate in 2012 is to raise the price.
Crude oil plus lease condensate production in Saudi Arabia really did peak in 2005 and next year's figures will show this to be the case.

BP shows reserves at current production rates will last for 54 years, but BP's annual reports show that its own booked reserves at its current production rate will only last for 13 years. BP's oil production has fallen from 924 million barrels in 2004 down to 787 million barrels in 2011, a fall of 15% in 7 years. Its company production has certainly peaked.

Global "all-oils" production has "plateaued" and is on the cusp of its peak.
Posted by John Busby, Wednesday, 4 July 2012 6:24:54 PM
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Julia Gillard is at present answering questions on a Herald Sun blog site.
Here is a question and her non answer;

13:51


[Comment From Rebecca Rebecca: ]
Prime Minister, I have been told that the carbon tax won't lower
global temperatures to any measurably significant amount. Can you
clarify for me how much it will lower temperatures?
Thursday July 5, 2012 13:51 Rebecca
13:51


Julia Gillard:
Rebecca by pricing carbon we will cut carbon pollution by at least
160 million tonnes in 2020 - that's the same as taking 45 million
cars off the road.

Hmmm sounds like question time.
Posted by Bazz, Thursday, 5 July 2012 2:06:02 PM
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More than anything else, the carbon tax shows a frightening lack of imagination.
The gov. could whack a 20 cent per litre levy on LPG and it would still be cheaper than unleaded.
They could legislate that all vehicles on Aussie roads be converted to gas by 2020, and all new vehicles after 2020 must be at least gas powered, or gas hybrid, or electric.
Gas powered Power stations could start being built today, stimulating the economy far more usefully than building McMansions.
We could be self-sufficient in natural gas and stop having prices dictated to us by 'Global forces'.
Using gas instead of petrol and diesel would not only be cheaper, but also far less polluting.
A major change in infrastructure such as this would be a genuine stimulation of the economy, rather than just a paper, bank traded one.
Posted by Grim, Thursday, 5 July 2012 2:15:24 PM
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