So the CEO of Royal Dutch Shell is effectively admitting that (in his opinion) we have passed peak. It should be an interesting year.MonteQuest wrote:Absolutely zero. And even if they could, they couldn't do it as cheaply as conventional oil.
Peak oil is about the end of cheap, readily available energy, not energy sources.
Prime example, the oil sands.
1mbpd production that is projected to triple in 10 years.
So? 3mbpd in a world that will consume perhaps 120 mbpd in 10 years.
Won't keep up with demand or decline.
Insignificant.
TonyPrep wrote: So the CEO of Royal Dutch Shell is effectively admitting that (in his opinion) we have passed peak. It should be an interesting year.
MonteQuest wrote:And all of this must be done while sequestering the new CO2 and reducing CO2 emissions from exisiting sources by 60-70% to avoid runaway global warming, and still growing the economy to service the debt, provide new jobs, housing and food for an expected 3 billion increase in the population by 2050.
MonteQuest wrote:... and reducing CO2 emissions from exisiting sources by 60-70% to avoid runaway global warming,...
MonteQuest wrote:And all of this must be done while sequestering the new CO2 and reducing CO2 emissions from exisiting sources by 60-70% to avoid runaway global warming, and still growing the economy to service the debt, provide new jobs, housing and food for an expected 3 billion increase in the population by 2050.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
ROCKMAN wrote:P - And what do we know now?
AdamB wrote:ROCKMAN wrote:P - And what do we know now?
Hard to say. The link doesn't work, and no one has been able to explain the difference in at the very how many more or less carbon and hydrogen atoms are in this special non-conventional oil versus the normal stuff.
pstarr wrote:Tanada wrote:An interesting refresher on what we know compared to what we thought we knew.
Not surprisingly, it appears we now know less (from the link)Uh oh, something's not right
That page doesn't appear to exist
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
GHung wrote:AdamB wrote:ROCKMAN wrote:P - And what do we know now?
Hard to say. The link doesn't work, and no one has been able to explain the difference in at the very how many more or less carbon and hydrogen atoms are in this special non-conventional oil versus the normal stuff.
Is that gross carbon and hydrocarbons or net?
onlooker wrote:We know that EROEI has been steadily falling especially with the focus on non conventional.
onlooker wrote: We know that the Shale/fracking has been relying on high lending to produce.
onlooker wrote: Other than that, I am will not comment as I know we have experts who are more qualified to opine.
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