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Unconventional oil is everywhere : Comments
By James Stafford, published 26/7/2013Oil is everywhere and new fields in Africa beckon established explorers in established markets.
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‘She’ll be right’! We can just keep on doing what we are doing now and not only will there be no downside, but we will actually be improving the whole caboodle!!
So um… why are you concerned about population growth then? And why do you hate politicians and bureaucrats and economists and academics and…. ?
To say that this doesn’t add up would be a rather enormous understatement!
What about Bazz’s comments? Even huge new oil finds are only going to extend the age of oil dependency by a very little bit, given the staggering magnitude of current consumption.
As far as I’m concerned, climate change is very secondary to the enormous impact on our economy and societal cohesion that the energy crunch is going to have. And it will be rising prices rather than shortages that triggers it.
We CAN develop renewable energy. And we’d better start doing it pretty damn soon! It doesn’t mean that we have to make a complete switch away from oil, just a considerably different balance between oil, other fossil fuels and renewables to what we currently have.
And it would be rather sensible if we used a fair hunk of the remaining relatively cheap oil to facilitate this change.
I trust you will be watching Dick Smith’s ‘Ten Bucks a Litre’, docco on ABC1 this Thursday evening! http://www.abc.net.au/tv/programs/ten-bucks-a-litre/