World Oil Production Passed its Peak?

[paulp]

http://www.princeton.edu/hubbert/current-events.html

[theveed]

Oo, dati pa, kaya nga mas mahal na ang production ng crudo ngayon.

Mas malalim na ang paghukay kasi...

[zero]

two days ago, i heard in the news that some countries in europe are now preparing to use reusable fuel. and that 10 years from now, they will no longer use oil to fuel their economies and transportations.

[uls]

check this out http://www.lifeaftertheoilcrash.net/

[mazdamazda]

check this out http://www.lifeaftertheoilcrash.net/

hmmm... that article got me to think really hard about the future...

[Steeljack]

oil totally drying up is still a long way off, by that time, practical usable versions of fuel cell technology and other alternative fuels will already be available to power cars and machinery

[uls]

oil drying up wont happen. but according to the "peak oil" theory, its harder to get oil out of an oilfield when half of it has already been taken out. texas used have lots of oil.. the oilfields in texas are not dried up.. its just that the oil companies dont bother anymore to get whats left out of the ground. its not worth it anymore. its past peak production.

there will always be oil under the ground anywhere in the world. New oil wells can be drilled, even in the Phils. but the question is: is the quantity big enough to justify the huge investment? will it make lots of money for the investor? if not, why bother drilling?

Oil companies are looking for the next Saudi Arabia. Hope they find it.

[oldblue]

why not the ocean? 3/4 water, 1/4 land tayo di'ba? so far oil natin mostly kuha sa land or near land ... i believe kaya pa yan yun nga la lang makinarya to get to the bottom of oceans/seas.

[oldblue]

ah correcting 2/3 water 1/3 land pala ... but promising pa din hehehe.

[badkuk]

i think we're better off exploring/using alternative fuels anyway; it's long overdue

[NightRock]

why not the ocean? 3/4 water, 1/4 land tayo di'ba? so far oil natin mostly kuha sa land or near land ... i believe kaya pa yan yun nga la lang makinarya to get to the bottom of oceans/seas.

yes that's true some countries got a lot of reserved in thier offshore field. But its not worth to extract those oil at this time.. "lugi ka pa sa puhunan"..maybe later on pag talagang mataas na ang presyo ng crude oil at wala na silang choices. some part of Africa and Middle East may mga deep water drilling pero depende sa quality ng oil na makukuha nila...

[XTO]

tumpak, kaya di na dapat i-patronized ang mga malalakas sa gas/krudo na tsikot. kaya nga daming mga nagsulputang mga suv / luxury cars na de sais at de otso dito sa pinas, ang mahirap, kinakagat naman ng marami. di tulad sa europe at japan paliitan ng sasakyan at me mga electic powered na. few decades from now balik tayo sa mga animal drawn carriage. pasok na naman ang mga horsepowers

[RedHorse]

few decades from now balik tayo sa mga animal drawn carriage. pasok na naman ang mga horsepowers :

may damo ka pa ba dyan?

[oldblue]

may hybrid, natural gas, at electric cars naman to consider pa just in case.

mahirap din yun bumalik tayo sa kabayo. kung sa naka-motor nga amoy araw ka na bago dumating sa work, eh kapag kabayo amoy kabayo na din.

[Bogeyman]

may hybrid, natural gas, at electric cars naman to consider pa just in case.

Definitely, but as mentioned, the existing alternatives may be nowhere near enough to meet the world's current (and still growing) petrol-based energy requirements. A drastic lifestyle change might be in order, just to ensure survival in the wake of a complete oil crash...

[oldblue]

Definitely, but as mentioned, the existing alternatives may be nowhere near enough to meet the world's current (and still growing) petrol-based energy requirements. A drastic lifestyle change might be in order, just to ensure survival in the wake of a complete oil crash...

Sun Tzu liked his soldiers trapped or boxed in in battles so that they can become more creative and motivated, and better chances of winning against the enemy.

yan lang naman ang nangyayari sa mundo, ipitin ng husto ang tao sa oil crisis, and magugulat na lang tayo kanto kanto na discoveries for other sources of energy.

[niky]

Ahem... the survival of our lifestyle, that is. The world can survive without cheap oil, but the western lifestyle will definitely take a hit.

Undersea alternatives are expensive, as are the oil shale deposits that the US is currently hoarding. They'll become more practical as time goes on, but never as cheap as current oil.

We have lots of oil. However, we may soon reach the point where we're burning too much oil while extracting it to make extracting it worthwhile.

Current alternatives such as fuel cells are worthless unless you have a large solar/hydroelectric/geothermal or other renewable energy sources to base your hydrogen infrastructure off of.

Brazil has shown that it can subsist almost wholly on biofuels (depending on seasonal harvest)... but for vehicles only. I doubt many other countries can, though.

[mazdamazda]

Ahem... the survival of our lifestyle, that is. The world can survive without cheap oil, but the western lifestyle will definitely take a hit.

right on.

and this dilemna will be most felt by those country needing heating during the winter season.

btw, you'd be surprised at how much oil the USA consumes compared to the rest of the world (they consume around 25% of the world's total oil supply). the american dream will soon come to halt sooner or later.

I agree with bogeyman on a radical lifestyle change (particularly for Western nations). they'd be welcomed into a world of a single car per family, kids living with their parents, recycling/refurbishment of used goods, etc.

and if I were you guys, I'd start investing on nice piece of farmland just in case.

[niky]

Hehe... I'm getting ready to plant marijuana... errh... sorry... corn, just in case. :lol:

[DoctorDoom]

What if George W. Bush decided to spend the $300 BILLION budget for Iraq and Afghanistan to instead build hydrogen-fuel-cell refilling stations across California, for example. Do you think it will work?

I wouldn't mind driving a box that runs on hydrogen fuel for just everyday commute to work. You can drive your McLaren on weekends.