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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: Noel de Leon who wrote (121632)12/15/2003 10:51:12 PM
From: Sig  Read Replies (1) | Respond to of 281500
 
Re Hubbert Peak:
And here we have a new resource , with which is Japan planning to become a net exporter of energy in future years.

<<<<< The worldwide amounts of carbon bound in gas hydrates is conservatively estimated to total twice the amount of carbon to be found in all known fossil fuels on Earth.

This estimate is made with minimal information from U.S. Geological Survey (USGS) and other studies. Extraction of methane from hydrates could provide an enormous energy and petroleum feedstock resource. Additionally, conventional gas resources appear to be trapped beneath methane hydrate layers in ocean sediments. >>>

marine.usgs.gov

In addition are the tar sands
ffden-2.phys.uaf.edu

<<<By 2005, oil sands production is expected to represent 50% of Canada's total crude oil output and 10% of North American production. Although tar sands occur in more than 70 countries, the two largest are Canada and Venezuela, with the bulk being found in four different regions of Alberta, Canada: areas of Athabasca, Wabasha, Cold Lake and Peace River. The sum of these covers an area of nearly 77,000 km2. In fact, the reserve that is deemed to be technologically retrievable today is estimated at 280-300Gb (billion barrels). This is larger than the Saudi Arabia oil reserves, which are estimated at 240Gb. The total reserves for Alberta, including oil not recoverable using current technology, are estimated at 1,700- 2,500Gb.>>>>


Sig



To: Noel de Leon who wrote (121632)12/16/2003 4:33:03 PM
From: Hawkmoon  Read Replies (2) | Respond to of 281500
 
Global oil production will probably reach a peak sometime during this decade.

Yeah, yeah, yeah... They've been saying this for decades.. I remember a similar argument when I was in grade school back in the '70s.

I also remember Sheikh Yamani predicting a crash in oil prices, with oil demand plummeting in future years and supplies going unsold:

cephasministry.com

Hawk