Shell CEO says Peak Oil is in 2015
01-27-08, 08:14 AM
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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.'
https://www.shell.com/home/content/ab..._25012008.html
https://www.shell.com/home/content/ab..._25012008.html
01-27-08, 08:26 AM
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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.
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.
01-27-08, 11:16 AM
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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.
Seeing that plastics must be the single most important material currently being used.
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Food for thought: if you aren't dead by 2050, you and your entire family will be within a few years from starvation. Now that is a cruel gift to leave for your offspring. ;)
https://sanfrancisco.ibtimes.com/arti...ger-photos.htm
Food for thought: if you aren't dead by 2050, you and your entire family will be within a few years from starvation. Now that is a cruel gift to leave for your offspring. ;)
https://sanfrancisco.ibtimes.com/arti...ger-photos.htm
01-27-08, 12:32 PM
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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.
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.
