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VK2AAB > FUEL 28.01.12 06:42l 38 Lines 1842 Bytes #999 (0) @ WW
BID : 4433_VK2AAB
Read: DK3UZ GUEST
Subj: Still no Govt Action
Path: DB0FHN<DB0FOR<DB0SIF<DB0MRW<DB0ERF<OK0NHD<OK0NMA<OK0NAG<OK0PPL<DB0RES<
DK0WUE<7M3TJZ<ZL2BAU<XE1FH<VK2TGB<VK2IO<VK2AAB
Sent: 120128/0414Z @:VK2AAB.#SYD.NSW.AUS.OC #:4433 [SYDNEY] $:4433_VK2AAB
From: VK2AAB@VK2AAB.#SYD.NSW.AUS.OC
To : FUEL@WW
There is no longer any discussion about when "Peak Oil" will occur.
The only argument is how long the current plateau will last.
There is plenty of oil, but the problem is the flow rate and the cost.
Here is some more confirmation of the problem.
Still governments and media are continuing to ignore the warnings.
73 Barry VK2AAB
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Has Petroleum Production Peaked, Ending the Era of Easy Oil?
David Biello, Scientific American, 26 Jan 2012
View original article
Despite major oil finds off Brazil's coast, new fields in North Dakota and
ongoing increases in the conversion of tar sands to oil in Canada, fresh
supplies of petroleum are only just enough to offset the production decline
from older fields. At best, the world is now living off an oil
plateauâ€öroughly 75 million barrels of oil produced each and every dayâ€ösince
at least 2005, according to a new comment published in Nature on January 26.
(Scientific American is part of Nature Publishing Group.) That is a year
earlier than estimated by the International Energy Agencyâ€öan energy cartel
for oil consuming nations.
To support our modern lifestylesâ€öfrom cars to plasticsâ€öthe world has used
more than one trillion barrels of oil to date. Another trillion lie
underground, waiting to be tapped. But given the locations of the remaining
oil, getting the next trillion is likely to cost a lot more than the previous
trillion. The "supply of cheap oil has plateaued," argues chemist David King,
director of the Smith School of Enterprise and the Environment at the
University of Oxford and former chief scientific adviser to the U.K.
government. "The global economy is severely knocked by oil prices of $100 per
barrel or more, creating economic downturn and preventing economic
recovery."...
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