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Old 01-27-08, 08:14 AM   #1
GreenGrasshoppr
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Shell CEO says Peak Oil is in 2015

'After 2015, easily accessible supplies of oil and gas probably will no longer keep up with demand.'

http://www.shell.com/home/content/ab..._25012008.html
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Old 01-27-08, 08:26 AM   #2
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Price will just follow. It'll become cost effective to go after the non-so-easily accessible supplies.

I'm not wild about CO2 cap'n'trade; but it is a method of dealing with the problem. Capturing CO2 and pumping it into the ground seems ok for short term; that might be fine for helping to push out crude/natural gas, but I have to wonder about long term effects.

I still think biofuels are the way to go, but those have a long ways to go.
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Old 01-27-08, 11:00 AM   #3
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Quote:
Originally Posted by GreenGrasshoppr View Post
'After 2015, easily accessible supplies of oil and gas probably will no longer keep up with demand.
That'll probably be a good time to switch to a wax-type chain lube.
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Old 01-27-08, 11:16 AM   #4
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biggest question I have is... What will replace plastics?
Seeing that plastics must be the single most important material currently being used.
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Old 01-27-08, 12:20 PM   #5
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biggest question I have is... What will replace plastics?
Seeing that plastics must be the single most important material currently being used.
Plastics can be made out of plants in the same way as biofuels, makes more sense than biofuels.
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Old 01-27-08, 12:32 PM   #6
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Nothing will replace plastic, it will simply be more expensive.

I have done a fair amount of reading on oil issues, and I suspect that Shell guy is hedging his bet. Partly it's a question of how you define it. Demand is already driving the price up. Part of that is because we screwed Iraq over (Saddam used to be our guy).

The answer prob lies in how the rest of the world is impacted by our recession.
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