The Forum > General Discussion > Peak Oil? Fact or Fiction
Peak Oil? Fact or Fiction
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Posted by Bazz, Saturday, 26 May 2007 8:48:05 AM
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"This means a reduction in use of 40% plus this year.
To get a reduction of that magnitude by taxing might mean $10 a litre." I doubt it, but if that is what it takes, you would get a rise in the price of fuel of $10 per litre by limiting imports, the only difference being that you could not offset it by lowering other taxes. If you tried to do it by rationing fuel to this level you would just create a black market where fuel costs even more than $10 per litre. It's a really really bad idea. It has no place in the modern world. "In the long term this will happen" The price will go up. I guarantee you we won't ration fuel. The public tolerates a limited form of water rationing, but only because they don't realise how insiginifcant their efforts are compared to the waste from industry and agriculture. Posted by freediver, Saturday, 26 May 2007 2:34:18 PM
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I used to work in the oil industry and had an oil rig to service. It was well known that there is plenty of oil, but it was industry policy to cap it and use up the Arabs oil first.
I have never belived in Peak oil because I know that there are thousands of capped wells plus with more modern technology now, more oil is being found yearly. The recent finds in Colorardo are a small example of this. Besides, with technology we already have we dont need to use any oil to power our needs. We are surrounded by Hydrogen and this can be used in most existing engines. I have attended a demo where the Hydrogen was made as the engine ran, so it must be possible. There are many other forms of energy making fuels such as Magnetic, solar with hydrogen back up, wave power etc. Here in Australia, we have more fossil energy than we can use, so we are self sufficient. I am also aware of the renewing therory that says that oil comes from Bacteria way down in the Earths crust, so maybe we will soon see whether this is true too. Posted by independent1, Sunday, 27 May 2007 5:56:41 PM
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Being a sailing tragic, maybe yet in my lifetime I will get to see those graceful clipper ships taking Australian produce to the world again!
Matter of fact, if we all slowed down a little, we might suddenly find there is a life to be had out there instead of being, as Sterling Hayden wrote in his wonderful autobiography "Wanderer":- "What does a man need - really need? A few pounds of food each day, heat and shelter, six feet to lie down in - and some form of working activity that will yield a sense of accomplishment. That's all - in the material sense, and we know it. But we are brainwashed by our economic system until we end up in a tomb beneath a pyramid of time payments, mortgages, preposterous gadgetry, playthings that divert our attention for the sheer idiocy of the charade. The years thunder by, The dreams of youth grow dim where they lie caked in dust on the shelves of patience. Before we know it, the tomb is sealed. Where, then, lies the answer? In choice. Which shall it be: bankruptcy of purse or bankruptcy of life?" Smart man Captain Hayden! Posted by Rainbow Chaser, Sunday, 27 May 2007 10:12:15 PM
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This from ASPO Australia and Phil Hart. (Phil Hart is a Petroleum Facilities Engineer)
In Asia, crude oil has reached $79 a barrel, just three dollars shy of record highs. There should be no surprise that we are repeating last year's pain at the petrol pump. “Refinery constraints in the US are one aspect of a tight petroleum supply chain, but the main contributor to high petrol prices is a faltering supply of crude oil”, says Hart. While Hart is not prepared to call this 'peak oil' just yet, as production might recover to post marginal gains over the next year or two, the message is clear. “The world's fast depleting oil resources will not allow for the kind of continuous growth in supply that economists are counting on”. “High prices are the market signal that we urgently need transport and city planning that will reduce our oil dependence. Suggesting that high prices are temporary misleads the public and allows governments to delay difficult decisions”. Full report link.... http://www.aspo-australia.org.au/content/view/170/9/ Posted by Aime, Thursday, 31 May 2007 12:48:02 PM
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You will notice that my rationing was intended to stop crude oil import.
This includes all crude products.
This means a reduction in use of 40% plus this year.
To get a reduction of that magnitude by taxing might mean $10 a litre.
By using the Access card each person or vehicle would have to insert
their Access card into the pump. The amount of fuel purchased would
be deducted from their rationing record.
The amount of fuel available would be set once a year and reduced by
the depletion rate, which is about 4%.
The money saved on imports would be spent on rail for long distant
freight and passenger transport and for public transport generally.
In the long term this will happen, so lets get a head start while we
have the resources to make the changes needed.