sylviah wrote:I'm confused. The last two posts say they were posted on Friday March 30th 2007. Is PO.com getting messages from the future? Last I checked, today is Thursday, March 29th, 2007.
Yes we do... & the future says:
Thanks for nothing.
sylviah wrote:I'm confused. The last two posts say they were posted on Friday March 30th 2007. Is PO.com getting messages from the future? Last I checked, today is Thursday, March 29th, 2007.
sylviah wrote:I'm confused. The last two posts say they were posted on Friday March 30th 2007. Is PO.com getting messages from the future? Last I checked, today is Thursday, March 29th, 2007.
Arlington, Va.: You probably won't take this question, because its not on "the list," but I'll ask anyway hoping that someone will look into it and maybe we'll see some follow-up someday. There is a press conference today by Reps. Roscoe Bartlett (R-Md.) and Tom Udall (D-N.M.), between 11:30 am and 12:00 noon in HC-9 of the Capitol to discuss the release of an embargoed GAO report. The report will reveal the United States is particularly vulnerable to and unprepared to respond to severe consequences from an significant disruptions to world oil supplies from peak oil and other above-ground political and economic factors, which are viewd as an increasing risk. Some very real questions are how "severe" the consequences are and what "increasing risk" means -- and why no mainstream press will cover this.
Lois Romano: I can't tell you that the press won't cover it. It certainly sounds like story the way you have described it.
What list??
Leanan wrote:So was it on C-SPAN or anything?
Overall, the report makes the point that, all other things equal, the faster the world consumes oil, the sooner we will use up the oil and reach a peak. The report also makes the point that future demand for oil, which depends on many factors, including world economic growth, will determine just how fast we consume oil.
Such a peak may be involuntary if supply is unable to keep up with growing demand. Alternatively, a production peak could be brought about by voluntary reductions in oil consumption before physical limits to continued supply growth kick in
US Auditor: Energy Dept Should Develop Plan For Peak Oil Era
By Ian Talley, Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- The U.S. Department of Energy and other federal agencies need to develop a strategy to mitigate the effects of a peak in oil production, which studies show could occur by 2040, a federal oversight body said Thursday.
While there was a great deal of uncertainty over the timing of peak oil because members of the Organization of Petroleum Exporting Countries don't open up their crude reserves for audit, the U.S. would be one of the hardest hit by a such a peak due to the nation's dependency on oil for transportation, according to a report issued by the Government Accountability Office.
Congress' attention to the potential problem of peak oil illustrates how worries over energy prices have come to the forefront, especially after gasoline prices rose past $3 a gallon in many parts of the nation last year. The GAO recommendations come amid other government initiatives, such as targets for biofuel consumption, aimed at reducing U.S. dependency on crude.
The GAO report also says the push toward alternative fuels and transportation technologies face challenges, including cost, that may hurt their ability to mitigate the consequences of a decline in production.
"For example, although corn ethanol production is technically feasible, it is more expensive to produce than gasoline and will require costly investments in infrastructure, such as pipelines and storage tanks, before it can become widely available as a primary fuel," it says.
It notes that key alternative technologies supply only about 1 percent of U.S. consumption of petroleum products, and by 2015, they could displace 4 percent of projected U.S. annual consumption.
studies show could occur by 2040
The U.S. economy depends heavily on oil, particularly in the transportation sector. World oil production has been running at near capacity to meet demand, pushing prices upward. Concerns about meeting increasing demand with finite resources have renewed interest in an old question: How long can the oil supply expand before reaching a maximum level of production—a peak—from which it can only decline?
GAO (1) examined when oil production could peak, (2) assessed the potential for transportation technologies to mitigate the consequences of a peak in oil production, and (3) examined federal agency efforts that could reduce uncertainty about the timing of a peak or mitigate the consequences. To address these objectives, GAO reviewed studies, convened an expert panel, and consulted agency officials.
Most studies estimate that oil production will peak sometime between now and 2040. This range of estimates is wide because the timing of the peak depends on multiple, uncertain factors that will help determine how quickly the oil remaining in the ground is used, including the amount of oil still in the ground; how much of that oil can ultimately be produced given technological, cost, and environmental challenges as well as potentially unfavorable political and investment conditions in some countries where oil is located; and future global demand for oil. Demand for oil will, in turn, be influenced by global economic growth and may be affected by government policies on the environment and climate change and consumer choices about conservation.
Return to Peak oil studies, reports & models
Users browsing this forum: No registered users and 11 guests