Oil Price

[BrilloPad]

Hopefully this means I can drive my SUV round the M25 at full speed without the prols getting in my way.

[Liability]

Yep - actually I am working on such a project now
and agree the next energy source is going to be Nuclear.




got an evidence on this fact please??

Ill dig it out bit it works on the current UK energy production in the Grid against expectations and rise - ill dig it out tomorrow at work.

Also, have a read of this - with an open mind

http://www.vialls.com/wecontrolamerica/peakoil.html

If you or you know anyone of credibilit in the energy industry youd be surprised at how much truth there may be in this

[SandyDown]

I haven’t read the article yet, will try to read it with an open mind and let you know what I think.

Oil indeed is self replenishing, however the argument is that we extract oil at a rate that is a lot faster than it can replenish itself, oil creation process can not be hurried, it takes ‘geological’ times (millions of years ) - however the claim is indeed not impossible to believe.

[Cyberman]

Yep - actually I am working on such a project now
and agree the next energy source is going to be Nuclear.




got an evidence on this fact please??

It's not fact at all. It's a projection, but one that I certainly do not agree with. I would say that our energy usage will actually fall as more efficient systems are introduced, and also as people introduce their own efficiencies and cutbacks in order to manage their limited incomes.

[Liability]

It's not fact at all. It's a projection, but one that I certainly do not agree with. I would say that our energy usage will actually fall as more efficient systems are introduced, and also as people introduce their own efficiencies and cutbacks in order to manage their limited incomes.

I see where you are coming from - however there is no or limited appetite in the short term to be more efficient - and if we dont address fundamentals now - itll be like what we have seen in the Banking sector these past weeks - except it will be on a scale we just wouldnt want to imagine -

[Cyberman]

I see where you are coming from - however there is no or limited appetite in the short term to be more efficient - and if we dont address fundamentals now - itll be like what we have seen in the Banking sector these past weeks - except it will be on a scale we just wouldnt want to imagine -

I think that the appetite is there due to the fact that people will not want to go into debt to pay bills. Thus, the simplest measure is to use less fuel. This will be done for example by eating more cold meals. Cooking at cold times of the day is also an option to utilise that heat most efficiently. People are adopting more efficient methods of driving(coasting down hills in neutral) and also driving less and at slower speeds.

Fitting loft and cavity insulation, perhaps even double-glazing are all efficiences that are now more seriously considered. Wearing warmer clothes is also a sensible option.

[SandyDown]

Liability – the article claims because there are almost infinite oil supplies deep into the earth crust we will not run out of oil, this may be true, but we will not be able to excavate it, for each regular onshore reservoir there are huge amount of uncertain data and risks associated, every well drilled is a gamble, we can input as much geological/geophysical and geochemical data, and build a model, (not forgetting all the engineering constraints of course), engineers can guess where the best place to drill, but at the end of the day its an educated guess, nothing more!!

The science is trying to reduce uncertainty, but there will always be geological uncertainties and risks associated with each drilling. For deep oil, you can imagine uncertainties would be far greater than oil at regular depths, as for engineering constraints and cost of drilling such a deep well, then having a stable platforms/infrastructure plus all the risks of actually missing the well ??? IMO the costs would outweigh any benefits!!

[SandyDown]

I think that the appetite is there due to the fact that people will not want to go into debt to pay bills. Thus, the simplest measure is to use less fuel. This will be done for example by eating more cold meals. Cooking at cold times of the day is also an option to utilise that heat most efficiently. People are adopting more efficient methods of driving(coasting down hills in neutral) and also driving less and at slower speeds.

Fitting loft and cavity insulation, perhaps even double-glazing are all efficiences that are now more seriously considered. Wearing warmer clothes is also a sensible option.

I have an automatic car, never costed in neutral and don't think will ever do... improving house insulation is a good idea, but wont save the planet...

I've seen solar panels and power used to heating water in so many countries, but this country doesn't have enough sun!!
But yeh England may be heading towards middle ages again. Mind you they had lots of woodlands for fire places and cooking on fires.

[Liability]

Liability – the article claims because there are almost infinite oil supplies deep into the earth crust we will not run out of oil, this may be true, but we will not be able to excavate it, for each regular onshore reservoir there are huge amount of uncertain data and risks associated, every well drilled is a gamble, we can input as much geological/geophysical and geochemical data, and build a model, (not forgetting all the engineering constraints of course), engineers can guess where the best place to drill, but at the end of the day its an educated guess, nothing more!!

The science is trying to reduce uncertainty, but there will always be geological uncertainties and risks associated with each drilling. For deep oil, you can imagine uncertainties would be far greater than oil at regular depths, as for engineering constraints and cost of drilling such a deep well, then having a stable platforms/infrastructure plus all the risks of actually missing the well ??? IMO the costs would outweigh any benefits!!

But do you really think so? If its a large tap of oil and brl charges are at $80-$100 then it makes it all worthwile?

[SandyDown]

Nothing is impossible, I am not an engineering expert, but I know they are doing a lot of research and trying to advance all kind of science involved in reservoir development.