Peak oil ?

Pretty quiet about this theory now .Anybody on here with some objective opinions on the future of energy consumption as we know it today in AMERICA.

Infinite supply,..just need to dig for it! Where is t-bone pickens or whatever the heck his name was?

Global economic collapse before it is used up.....

Haven't we reached peak oil about 10 times over the years?

Yes, we were told that oil was running out soon back in the 70's. When most folks quit paying attention to those dire predictions they came up with global warming. It's good to change things up because people get tired of worrying about the same old things.

Oil rules and controls the world. Peak has come and done many times in the US alone. They can and do control the price when ever they want to.

Now it was news that oil prices will go back up because they are shutting down refinery's again for maintenance. I understand needed to shut them down but on the other hand it is an act of congress to build a refinery these days. If they had more it would be harder to control price. What oil company's want they get and believe me that is true.

No such thing....Got a group of Alberta oil consultants that come fishing every year. They told me that the tar sands in Alberta hold enough oil to supply the world at current consumption rates for 500 years, and thats just the area they are working now. The tar sands actually stretch all the way from the Yukon to Saskatchewan. The there is the Bakken feilds, the north slope....no end to oil.

We will move to a point where oil is obsolete long before we run out.

If oil companies control the price , why wouldn't they keep it high ? Why would they choose to lose money ?

Cost of production, speculation, geopolitical events, and demand are what control the price.

The stone age didn't end because they ran out of stones, something better will come along,

The big question is what that something better will be.....its become pretty obvious that it wont be solar or wind, so they have to go back to the drawing board. I was looking at getting some solar fridges, and freezers for our summer operation, but after running the numbers it just doesn't make sense. Propane beats it by a mile cost wise. Actually so does plain old electricity produced by diesel generators.

It won't pencil out till you factor in the amount of money spent to produce the oil. Not just what it costs you when you buy gallon. But the tax dollars spent on propping up big oil to make everything else look more expensive. Solar and wind are not the same price per energy unit produced today, but are dropping by the day. In time something else will come along, if we knew what I was we'd be using it today. Look back 10years ago at what solar cost compare to today. I have a neighbor who has solar for 2 years now. With todays production and electric price they are looking at a 7-9 year payback. They a 25 year warrantee on the system. 10 years ago a similar unit had a 30-35 year payback.

Isn't solar and wind highly subsidized / mandated?

Geothermal will be the energy source of the future.

Everything is subsidized to one degree or another. My point is something better will come along, it always does. We subsidize our energy and food to try to keep a reliable economical supply without the boom and bust that would come if we didn't. It's not a perfect way to do it, but better than If we don't. The ups and downs would be much more dramatic. Everyone would love the up, but not the down cycles. Geothermal has gotten to the point were it about pays for itself over a reasonable amount of time, solar is about there. Solar will not replace oil anytime soon, but it is about to the point were it pencils out as an investment. 7 years is about a 10% payback, about 100% the rest of the life of the system. 150 years ago almost everyone would have called you crazy if you told them they'd one day be replacing there horse with something that ran on oil, and if you mentioned in the not to distant future you'd be able to fly to the old country instead of a boat you'd been laughed out of the bar.

I'm in the drilling industry. Many many guys lost lots and lots of money when they thought they were going to be geothermal drillers . Geothermal is dead and has been for years . Very costly for a single consumer.

Just as the earth is finite, so is the ultimate volume of oil contained within it. The price of oil and the state of the world would look much different without the unconventional oil being produced in North America. The United States alone is producing about 6 or so million barrels per day of unconventional oil. There is a lot of wisdom in White 17's post for those who have a basic grasp of economic systems. Those who don't will continue to blather on about "Big Oil" blah, blah, blah.

Nuclear reactors in every home. Boom

Mr. Fusion

No way they got a 25 year warranty on the batteries. Thats where the problem is...storing the power. Here in the north it will never work big scale, there just isn't enough sun, especially in winter. I've got a small system at my trapline. Total cost for the entire system was just over 2k....and in the winter I cant even run a few led lights and a radio without using the generator every few days to charge the batteries up again.

I hear the Krauts have solar everywhere (medians in the auto bans etc.) They are dependant on Putin for natural gas .The Europeans I am sure look on the oil issue in a different light than we do. I would not bank on things remaining as they are now for a long time .As the barrel contents get lower it harder to suck it out ,as of yet we have not conquered gravity . We are accustomed to plenty of everything and I am not sure it has been good for our culture. End of sermon.

If The West & The Saudis Can Ever Solve The Syrian Issue And Keep Russia And Iran From Dominating That Stretch Of Ground between The Persian Gulf And The Eastern Mediterranean, A Well Protected Super Pipeline For Oil & Natural Gas Through There Would Fix Europe's Dependance On Russian Energy Products.

The Kuwaitis, Iraqis, Sauidis, IAE, Quatar, Etc. would be Happy, Happy For Such A Shortcut To The Eastern/ Western European Energy Markets.

This Is Probably The Real Reason Why Anyone Cares What Happens In That Chit-Houle Country.

IMHO, Of Course.

w

there are some that theorize that crude oil and some natural gas aren't actually "fossil " fuels .but are constantly being produced by the earths mantle and replenished . this theory is gaining traction amongst many geologist that are open minded enough to not follow the rest of the sheep and have no reason to perpetuate the idea that we might run out someday

http://fortune.com/2017/03/14/germany-renewable-clean-energy-solar/

Had a hunter a few years back that made his living building wind farms. His take on renewables was that when they can produce themselves, we have something.

I think Liquid Thorium Reactor power plants will eventually be the power of the future. Probably be a few steps to get to that but eventually it will take over most electric production. Down the road a ways so not sure if I will see it but there is my prediction.