Peak Oil is here

[taxslave]

There is lots of untapped oil out there. It is just that a few lefties that don't work and so don't drive have managed to get drilling banned by governments eager to buy a few votes. The oil companies don't care as the price just keeps climbing on old finds and eventually, probably soon after our economy is destroyed the government will step in and let them drill off the coast of Bc, the Arctic etc. This will not cause the price to drop though.

 

[Slim Chance]

The BC government has altered their royalty/tax structure to attract more oil/gas development... It's only a matter of time before they relax offshore restrictions.

 

[dumpthemonarchy]

There is lots of untapped oil out there. It is just that a few lefties that don't work and so don't drive have managed to get drilling banned by governments eager to buy a few votes. The oil companies don't care as the price just keeps climbing on old finds and eventually, probably soon after our economy is destroyed the government will step in and let them drill off the coast of Bc, the Arctic etc. This will not cause the price to drop though.

Sure, just because we haven't found any new fields in 50 years, doesn't mean they're not out there. But it appears there's not lots of oil left out there to get. It's getting deeper and harder to get, meaning more expensive.

Oil companies are now "fracking" the earth to get more oil and gas out of it it's a sign of desperation some say as some water tables will be destroyed.

 

[dumpthemonarchy]

The BC government has altered their royalty/tax structure to attract more oil/gas development... It's only a matter of time before they relax offshore restrictions.

Even after Deepwater Horizon blew a gasket in the Gulf of Mexico? You must not be from BC. And the BC Liberal govt is on the ropes these days with the HST and Kash Heed double resignation scandals. No big policy shifts are going to happen here in the foreseeable future.

 

[Slim Chance]

Even after Deepwater Horizon blew a gasket in the Gulf of Mexico? You must not be from BC. And the BC Liberal govt is on the ropes these days with the HST and Kash Heed double resignation scandals. No big policy shifts are going to happen here in the foreseeable future.

This latest event with BP will put the offshore industry in limbo for a while, but I believe that this will only be temporary... The amount of provincial revenues available are too attractive for any government to ignore.

 

[darkbeaver]

the moratorium on Georges Bank drilling was extended today by Nova Scotia to 2020

 

[AnnaG]

This latest event with BP will put the offshore industry in limbo for a while, but I believe that this will only be temporary... The amount of provincial revenues available are too attractive for any government to ignore.

Yup. Greed trumps good sense.
With a fishing industry that is sagging badly (and a young aquaculture industry budding), what we need is oil rigs off the coast to screw up and kill it off entirely.

 

[dumpthemonarchy]

This latest event with BP will put the offshore industry in limbo for a while, but I believe that this will only be temporary... The amount of provincial revenues available are too attractive for any government to ignore.

BC has a few bllion barrels of oil off the coast but no "elephant" fields like those in Mexico or Saudi Arabia which have from 5-40 billion barrels. BC' is a drop in the bucket for the world oil supply. Just like the ten billion or so barrels found off Brazil. Peanuts.

The world uses 30 billions barrels of oil per year. We are living on our capital here and we will pay for it as China et al buys more and more cars.

 

[Tonington]

I suspect Slim may be right on this one, at least in the short term. Running out of oil has been a popular theme for many years both from conservationists and large oil companies, but we haven't run out yet.

Peak oil doesn't mean we run out of oil, that is the end of oil. Peak oil means that new discoveries are not keeping pace with demand, which is true.

 

[Bar Sinister]

Peak oil doesn't mean we run out of oil, that is the end of oil. Peak oil means that new discoveries are not keeping pace with demand, which is true.

That is correct, but if I remember correctly oil consumption has outstripped new discoveries every year since the 1980s. However, I note that the oil company shills have already jumped on this one and are already maintaining that further offshore drilling is essential in response to recent moratoriums.

 

[Slim Chance]

BC has a few bllion barrels of oil off the coast but no "elephant" fields like those in Mexico or Saudi Arabia which have from 5-40 billion barrels. BC' is a drop in the bucket for the world oil supply. Just like the ten billion or so barrels found off Brazil. Peanuts.

As it stands, I can't disagree with you, however, there is a catch-22 here. If the exploration companies believe that there is no appetite for development in BC, they won't aggressively explore the region.

With that in mind, who's to say that there aren't any major fields in BC?

 

[GreenFish66]

The Time of 1 world, dirty energy control is nearing its end ..GreenClean Tech is now ,is the future...Many great ideas/innovations/inventions available out there.Not enough incentives /will power by our Big Gov /Biz Leaders...The Green Revolution started 40 + years ago ..and has been ignored for far too long...Can't be ignored anymore..Times have changed .The youth/New Leaders have grown/are growing with New Green/Clean Tech in their midst ,in their minds.Time for ol' Oil Gov/Leaders to get with the times...

 

[darkbeaver]

The Green Revolution was funded by big money now we have GMOs crossing the gene barriers and natural diverse seed being stripped away from farmers all over the world. Your green revolution is death itself not just for humans but every organism on the planet is threatened. Times change but the gullibility of mankind never ends.

 

[Slim Chance]

The Green Revolution was funded by big money now we have GMOs crossing the gene barriers and natural diverse seed being stripped away from farmers all over the world. Your green revolution is death itself not just for humans but every organism on the planet is threatened. Times change but the gullibility of mankind never ends.

Don't be so hard on him DB. The green movement depends absolutely on people that want to experience warm-fuzzies and wax poetically about what ought to be.

It'll be a real eye opener for 'em when they figure out that they've only exchanged one master for another.

 

[GreenFish66]

1 I On - Gulf Oil Spill ...Supiciously, Hopefully..

Why not Use a Spiral cork screw N Cap it ...?

Oil cleanup plan the real catastrophe | Lisa Van Dusen | Columnists | Comment | Toronto Sun -Lisa VanDusen - " BP could look beyond petroleum again and lead the industry now in cleanup research, both for re-rebranding and for the people who live on and off of the water, and whose lives may soon be about nothing but oil. "

Well Put Lisa - Time for ol' oil to find new innovative/High Tech ways to prevent Oil spills ,and Clean them up quickly when these unacceptable spills occur.. Or Even better, time to move to new alternatives to oil ..

http://forums.canadiancontent.net/ne...-oil-here.html

-------------------------------------

What went wrong at oil rig? A lot, probers find - Yahoo! News

Engineers work to place siphon tube at oil spill site - thestar.com

Peak Oil, Matt Savinar, Life After the Oil Crash

BP using undersea robots to try to plug Gulf oil leak | Environment | guardian.co.uk

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Alternatives to oil ...

Future Fuels: Alternatives to Crude Oil | My Finance Directory - Articles

Alternative Energy Resources

Alternative Energy Replacements for Crude Oil: Which Green Renewable Energy Sources Could Replace Oil?
Gulf oil spill highlights the need for fuel alternatives | TheGreenCarWebsite.co.uk

Crude Oil and Alternative Sources - Associated Content - associatedcontent.com

Crude Alternatives | IBT Commodities & Futures

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So many Alternatives to Crude Oil ..Time to get with the times.

A fair, balanced Energy Market that equally includes new energy sources is needed ....

Investment, Invention and innovation is needed now more than ever before to ensure sustainability and prosperity now and into the future ...

Green / Clean tech is now ..It is the future...

The light is Green , The future is Clear ...Green / Clean Tech is the solution ...

Peace

 

[GreenFish66]

"It'll be a real eye opener for 'em when they figure out that they've only exchanged one master for another."

Then let Green/Clean tech be your master ( Big G), For it is the only certain future..

Anyone have any other solutions...Or just more problems ..?

Anyone can be a problem maker ..Try being a problem solver ..That is where the future lies..

If your not part of the solution ...Your part of the problem ...

Green/Clean Tech IS now..It IS the future...The Light is Green ..The Future is Clear...

Peace or pieces ?

I will always choose Peace...You?

 

[Slim Chance]

Then let Green/Clean tech be your master ( Big G), For it is the only certain future..

Herein lies the problem, it is no where near certain

I will always choose Peace...You?

Reality

 

[GreenFish66]

Your Reality not mine Slim Chance...

 

[dumpthemonarchy]

As it stands, I can't disagree with you, however, there is a catch-22 here. If the exploration companies believe that there is no appetite for development in BC, they won't aggressively explore the region.

With that in mind, who's to say that there aren't any major fields in BC?

I can't see the problem with exploring so see how much is there, that's not drilling. They did explore, the results state that the reserves are fairly small.

In a world of $300 oil, things will change. I'm like many people in BC who don't want to risk damage to the environment for gas guzzing SUVs.

 

[dumpthemonarchy]

1. Big oil controlled about 75% of the world's oil forty years ago, now it is 25%.
2. No big oil fields have been discovered for over 40 years.
3. EROEI used to be 100-1 in 1900 as oil gushed out of the ground as anyone could find it by luck and get rich (think Beverly Hillbillies), now it is less than 20-1 as we go deeper into the ground and farther offshore (hello Gulf of Mexico and BP).
4. World consumption is rising but production is flat.

These problems may be solved, but then, maybe not.