The first part of this thread was about how the evil oil companies
were misleading us. The usual plot is now redundant.
As the CEO of Royal Dutch Shell announced to their AGM the company
has formed a group inside the company to study how to exit the oil industry.
The reason given is that it is now too expensive to find and develop
new oil fields.
No doubt other companies such as BP Beyond Petroleum are considering their situation.
The motor companies have noted this, hence the switch to electric cars.

Hi Bazz,

The chances of the discovery of a new significant oil reserve in the world is nil to Buckley's. Its prudent for Big Oil to look for viable alternatives for the long term survival of their businesses.

Regardless of all the scepticism about climate change etc, one thing is certain, reserves of fossil fuels are finite and alternatives have to be found, if humankind is going to survive on this planet. As all energy come from the Sun is it not realistic and practical that we look for ways of harnessing the Suns energy for our long term benefit.

http://mahb.stanford.edu/library-item/fossil-fuels-run/

SR tells me I'm "thick" for not realising that the new coral on the GBR is primarily the " fast-growing Acropora corals" straight after I'd posted a quote showing that the recovery on the reef was "largely due to increases in the fast-growing Acropora corals".

This, apparently, makes sense to SR.

Of course, SR is just regurgitating the claims from the alarmist scientists. When these corals die due to weather events, its a disaster and proves we're all gunna die. But when that same coral regenerates it's nothing to celebrate. A lot like his earlier claims that a hot summer in England proves we're gunna die, but a cold winter in Siberia is to be ignored.

This, apparently, is following the science

BAYGON wrote: "Judging by many of the comments most have not bothered to actually view the three documentaries."

Well I did watch them, or at least flicked through them. There is literally nothing in these docos that is new. All the stuff about the oil companies researching climate change decades ago has been thoroughly vetted in lots of places including this forum. It has also been subjected to court action in the US which resulted in a total exoneration of the oil companies. The doco mentioned the court cases but failed to mention the outcome. Right there you can see that this wasn't about informing but about propagandising.

Paul opines "The chances of the discovery of a new significant oil reserve in the world is nil to Buckley's. ". Finding new oil is irrelevant. There's already enough oil reserves to cover our needs for at least the next century if we were so inclined to extract it. People have been predicting the end of oil for over a century. It never happens.

Yep we have over 100 years of known shale oil reserves here in Oz but the oil companies are not interested as the ratbag greens would tie them up in court & other protests to delay harvesting costings millions.

It will be poetic justice when these inner city living so called greens have no power to the lifts, & have to climb to their apartments. They will want coal fired power plants immediately.

How the coalition have been so stupid as to try to appease the useful lefty idiots is hard to believe.

Hasbeen, we might have quite a few hundred years of oil resources but
if the world is forced to change it would be difficult for us to
continue on unscathed.
Our resources would probably fetch very high prices and would deplete quickly.
The world temperature has been rising since around 1800 so the co2
terrified have been misled into thinking that it is because we began
to burn coal and then oil.
So don't panic coal & oil have only produced a 0.1 deg c rise.
The rest is all the sun's work and will peak somewhere around the next
50 to 100 years.
It is a well known cycle that no one wants to be reminded about.
Our biggest problem will be what the so clever ones will load onto us
in the next years.
They will insist on some/most of us buying Indulences from the Gnomes of Zurich,