This just came in on an Alexander's O&G email. I'm not sure it's directly related since I haven't dug into it in depth - but, it caught my eye.
Dear Readers,
After last year's discussion about 'Peak Oil', which only 6 months ago was still mired in controversy and politics but which now seems to be an accepted issue, we are now faced with reports about impending irreversible damage to our global climate. So, whilst we may have enough fuel for our economic progress and development, albeit maybe less than we think, when we actually continue on our path of using these fuels the way we do, we might see ourselves, but especially the generations after us, in a world in which the climate has become 'severely damaged'. We are therefore faced with a situation in which a large part of the human population is just beginning in its economic development, whilst there may not be enough resources (not only energy) to fuel this development and at the same time, IF the development in these 'emerging economies' is undertaken in the same way as the mature economies are still developing, we will be faced with climate issues about which we will have no control. These are issues for which there are no answers, let alone that the right kind of questions concerning this have been asked. And although all this seems quite premature, 10 years (before irreversible damage to the climate) or 25 years (the expected duration of the global oil-reserves taking into account the growth of demand) is not a long time for the fundamental changes that are needed. What is most needed is a change of thinking. If you are interested to hear more about this, you are most welcome to contact us.
We keep you informed!
Kind regards,
Alexander
Issue #3 has been published on Thursday, February 10, 2005.
John :-)
ps, o/t, & fyi: Sam Hyams, CEO of SPRL, should be home from Russia shortly with a briefcase full of new O&G contracts. Skuttlebutt says that the meetings went "..beyond his most far-reaching expectations..". Should make for some interesting News, and immediately work on bringing the first two wells from 1000BPD up to 3000BPD each. As I understand it, the company will receive their share of the revenues from several months past as part of the agreement = cash in the bank before upgrade expenses are actually incurred.
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