World Oil Production Passed its Peak?

**paulp** · February 16th, 2006 03:55 PM

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

**theveed** · February 16th, 2006 04:00 PM

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

Mas malalim na ang paghukay kasi...

**zero** · February 16th, 2006 04:17 PM

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** · February 16th, 2006 05:04 PM

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

**mazdamazda** · February 16th, 2006 07:23 PM

Originally Posted by uls

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

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

**Steeljack** · February 16th, 2006 07:29 PM

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** · February 16th, 2006 10:40 PM

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** · February 17th, 2006 06:23 AM

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.