And by the way Slug, your two sources are in direct conflict about whether peak oil is real or not.
Is this kind of like the coming of the new Ice Age?JerseyDave said:I don't think there is any debate about the idea of peak oil being real or not, it's just an argument about when that actual peak will occure, but this really isn't the point either. The real point, and it will be hard for anyone to refute this, is we have reached the END of cheap oil.
JerseyDave said:One question I've not been able to find an answer to, maybe he can help. How many acres of soy bean would I need to grow to produce enough bio-diesel to drive my car for a year? Maybe he can help. Figure 40 mpg, 20,000 miles a year. 500 gallons. I too drive a sentra. I have a T100 for work stuff and it kills me.
Reactor said:In the short term, It doesn't matter if it's not enough refineries, or we've reached the point of diminishing returns in oil exploration, gas is going up for the forseeable future.
As for the long term. the last I read the was we were within 1m barrels a day of the worlds maxium oil production. China is growing, they're trying to buy oil reserves any way they can, even if it means buying an entire American oil company. I don't think prices are going down long term either.
You should read this
This might be the ultimate in pot / kettle.Changleen said:DRB, you are crazy.
CLAP CLAP CLAP CLAP CLAP. I hope all the oil runs out. Empty. I could care less. Nothing gets to me, I'll live in the woods with my large stash of booze and drugs. I could give a ****JerseyDave said:rant on:
It's called peak oil. We have reached (or are just about at depending on what petrolium expert you ask) at the halfway point in the world's oil supply. Everywhere in the world this is a hot topic, but you don't hear about it in this country. Gas prices will never signifigantly reduce ever again.
The term comes from the line graph showing usage vs. what is going into reserves. That graph has peaked and is now in the decline. Energy is one concern, and I imagine american cities will start looking like europe with scooters and bikes clogging the streets, but what is more alarming to me is how it will affect everything else. Food prices. Fertilizers and pestacides are both petrolium products, not to mention the cost of trucking going thru the roof. Scarry stuff really. The only good side to this energy crisis we all will face in the next 25 years (yes, it is a crisis) is it will localize economies again. Local products will be able to compete in price with products made over seas.
On a side note, this is the first time in the history of man that our main source of energy is almost gone, and there is no clear alternative already in place. Wood to coal. Coal to oil. Oil to ?. For our energy needs in this country we are going back to Coal. We have a 200 year supply of coal stashed away, and the technology to burn it 99 percent clean. But the time of cheap oil is over.
Consider the fact that we have been drilling for about 100 years, and are 50 percent thru what the planet has to offer. Consider the fact that in the last 15 years the US has DOUBLED it's consumption. Consider what China and India, the fastest growing economies in the world, are going to need to fully industialize. It get's bleek pretty fast.
Think this is BS, consider the fact the no big oil company has built a new refinery since the late 70's early 80's. They know it's the end, they just don't want us to know because they are making too much coin off of it. Oil companies were the big winners last year in profit, meanwhile americans keep driving around fat SUVs getting 12 mpg. WAKE UP PEOPLE. Look beyond US mainstream media. Lift the vail and prepare to be shocked.
rant off.
Interesting... had not seen/heard that.DRB said:Shell agreed to sell the Bakersfield refinery to Flying J earlier this year.
But it does state that the facility was one of the most profitable... so why close it? Regardless of the amount of profit - it was more profitable than others then the should shut down one of the LEAST profitable ones.DRB said:They don't cite the source of their profit figures. It doesn't even say what type of profit. But those reported by David Hackett, a well known analysist in the petroleum industry, says that number is closer to $14 million after tax net over the last 6 years. Even if you were to double that over half the time, the pay back is not good NOT good at all. Especially when the nature of these refits are going to requires substanial downtime which is going to further drain profits.
Get in it:Slugman said:<snip>
I wish I was in the oil business... I'd find every way possible to charge as much as I could, and laugh every time a car went by me while I was riding my bicycle. :evil:
I saw a gas station yesterday that was $3.01 for 92 octane. So far, the highest I have seen for 87 octane was $2.80. I'm sure it will keep going up...fiddy_ryder said:over $3 in some parts here in so cal..
Knuckleslammer said:CLAP CLAP CLAP CLAP CLAP. I hope all the oil runs out. Empty. I could care less. Nothing gets to me, I'll live in the woods with my large stash of booze and drugs. I could give a ****
Peak oil, terrorism, nuclear war. I'm ready, bring it. Jesus is my savior.
Knuckle
Naw - they're making plastics out of corn now.chicodude01 said:Plastic. life is gonna suck without it
No you get screwed with a hybrid now too. Beacause you use less gas you pay less taxes on gas. So now the government is making hybrid owners pay more to register their car... ALOT MORE. Either way you get screwed.gigapower said:just paid 2.43 a gallon in Oklahoma. With this and the new tax breaks, hate to say it but Hybrid here I come.
which government? The states get vehicle registration fees, both states and the feds get a piece of gas sales. It sounds like that's your states' take on it, but it'll be different elseware.dhtahoe said:No you get screwed with a hybrid now too. Beacause you use less gas you pay less taxes on gas. So now the government is making hybrid owners pay more to register their car... ALOT MORE. Either way you get screwed.
Cooter Brown said:Thank the thieves in high government, thieves, every one of em, f#cking thieves
Only $0.50? That is still a hell of a lot for one gallon of gas.mack said:Yeah, too bad uncle sam only makes 50 cents a gallon regardless of price.
Dude. Take your misinformed a$$ over to the PD forum.Spunger said:Right now
<snip a bunch of whiny-ass pointless ranting>
and the saudi's and whoever else we get our oil from pockets get fatter.
LOL not much of a PD fourm topic, but just trying to stick with the rise of gas prices, atleast here in So.CalSkaredShtles said:Dude. Take your misinformed a$$ over to the PD forum.
The topic isn't, but your rant full of foolishness is.Spunger said:LOL not much of a PD fourm topic, but just trying to stick with the rise of gas prices, atleast here in So.Cal