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The Forum > Article Comments > How unconventional oil changes the world > Comments

How unconventional oil changes the world : Comments

By James Stafford, published 14/12/2012

Michael Levi from the Council on Foreign Relations thinks oil prices could drop much further, amongst other things.

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Warmair said;
you have decided for whatever reason not accept the vast body of knowledge on climate change.

Funny you should mention that, the draft AR5 IPCC report has a bit of
a bombshell, it has done a bit of a climbdown on global warming.
Not so many Hurricanes, cyclones or temperature etc.
Not a total reversal of course, but less emphasis I guess you could say.
Posted by Bazz, Monday, 17 December 2012 8:23:04 AM
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warmair says, "The one thing that seems clear to me is that you have decided for whatever reason not accept the vast body of knowledge on climate change".

On the contrary, I'm in full support of the all the science that has contributed to the draft AR5 report from the IPCC and most of the report itself. It makes very good reading but I'm not sure you will enjoy it. Perhaps you could share your thoughts on it with fellow OLO'ers.
Posted by spindoc, Monday, 17 December 2012 8:30:00 AM
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Bazz,

Thank you very much for your further information regarding hydrogen trials. This is why I joined this forum - to exchange knowledge and ideas, and to stimulate further research on topics.

When we were drilling in Texas we discussed the possibility that in the not too distant future oil exploration would become the province only of the large multinational corporations who had much greater financial resources than our consortium to be able to absorb drilling costs.

Back in the late 70's, we invested in shale oil. Needless to say, the recovery costs were prohibitive, the company went broke, and we all lost our investments. A case of win some, lose some, which is what happens when exploring new technologies. Maybe there is new technology available now to make it viable. Needless to say, we will not be investing this time around.
Posted by worldwatcher, Monday, 17 December 2012 11:00:15 AM
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Much of the discussion here accepts without question the statements
of the various authorities both government and commercial of the future
production levels of oil & gas.
If there is one single uniting factor in their predictions is that
they are always wrong, and wrong by very very large amounts.
This article covers this problem;

http://tinyurl.com/cz7gy67

It is a problem because governments and business accept them without
question and plan our future on them.
It explains Australian government slackness in the face of reality.
Posted by Bazz, Monday, 17 December 2012 4:58:20 PM
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spindoc Says
It makes very good reading but I'm not sure you will enjoy it. Perhaps you could share your thoughts on it with fellow OLO'ers. ______________________________________________________

The full draft was leaked from the site below
http://stopgreensuicide.com/
By Alec Rawls who claims to be an expert reviewer which suggests he is a knowledgeable scientist which he is not. He is a well know climate change sceptic, who it seems volunteered as a report reviewer, to give him access to the draft. He does not appear to understand even the simplest scientific concepts such as the difference between a theory and a hypothesis.

So far I have only got through the Technical Summary, the report is no fun to read because it is full of acronyms and weird units such as PgC yr–1.The conclusions are pretty sobering for projections beyond 2030. I can't find anything in it which is hope for optimism. The ice is melting faster than ever, the sea level is rising, the lower air temperatures are increasing, and the sea is still gaining energy due to the imbalance between incoming radiation and outgoing radiation.
Posted by warmair, Monday, 17 December 2012 7:44:02 PM
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