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Originally Posted by lowboy
Do you actually believe that crap? There are enough known oil reserves to last us the next 500 years and they keep finding more. Hell, just a couple of years ago they found a pool of oil something like 360 miles wide in Louisianna. We have billions of barrels of oil in U.S. territories alone, the oil companies just aren't aloud to touch it due to the environmental crap. I used to get freaked out about this doomsday crap as well, but, I learned that all it is designed to do is freak out the populus. There is even less truth to that article than there is to the man made global warming scam (if thats possible).
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You do realize that most of those oil pools require more energy to process that sludge into something usable than the energy we can currently get out of it right? I don't know where you are getting your information, but I think most people realize that a limited resource such as oil isn't going to last forever.
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[World] reserves are confused and in fact inflated. Many of the so called reserves are in fact resources. They’re not delineated, they’re not accessible, they’re not available for production
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-- Sadad Al-Husseini, former VP of Aramco, Oct. 2007; by Al-Husseini's estimate 300 billion of the world’s 1,200,000,000,000 barrels (190,000,000,000 m³) of proved reserves should be recategorized as speculative resources.
With worldwide demand increasing for oil faster than supply is increasing, this results in the large price increases we have seen, it is simple economics. All the developing nations (China, India etc) are trying to adopt modern western lifestyles and that requires lots of energy just like we use, so demand isn't going down anytime soon. So unless we can come up with a nearly unlimited supply out of nowhere, prices aren't coming down anytime soon.
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All the easy oil and gas in the world has pretty much been found. Now comes the harder work in finding and producing oil from more challenging environments and work areas.
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-- William J. Cummings, ExxonMobil's spokesman in Angola, Dec 2005
It would be much better to support a sound energy policy where we really pour research monies into finding an alternative solution to burning a non-renewable resource, rather than waiting until a crisis hits then trying to do it and watching our economy fall into pieces while waiting for us to research and bring to market a viable alternative energy source.
Also do you think for a moment if we really seriously started researching alternative energy sources that Opec wouldn't lower prices in attempt to, avert that? Win-win in my book, lower gas prices in the short-mid term and sound investment in the future. The real question is why aren't we doing this now?
Quotes from:
http://en.wikipedia.org/wiki/Peak_oil
Brian Hobaugh SCCA National Tour June 2014
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Short clips: Goodguys Pleasanton autocross and pit videos
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