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Investing for Peak Oil Surviving Peak Oil financially is a problem we will all confront sooner or later.

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Old 03-07-2011, 03:33 AM   #1
Glenn 50
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Default The collapse of the old oil order

From 2005 to 2009, Saudis used about 2.3 million barrels daily, leaving about 8.3 million barrels for export. Only if Saudi Arabia continues to provide at least this much oil to international markets could the world even meet its anticipated low-end oil needs. This is not likely to occur. The Saudi royals have expressed reluctance to raise output much above 10 million barrels per day, fearing damage to their remaining fields and so a decline in future income for their many progeny. At the same time, rising domestic demand is expected to consume an ever-increasing share of Saudi Arabia's net output. In April 2010, the chief executive officer of state-owned Saudi Aramco, Khalid al-Falih, predicted that domestic consumption could reach a staggering 8.3 million barrels per day by 2028, leaving only a few million barrels for export and ensuring that, if the world can't switch to other energy sources, there will be petroleum starvation.
http://www.atimes.com/atimes/Middle_East/MC05Ak02.html
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Old 03-07-2011, 03:35 AM   #2
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In other words, if one traces a reasonable trajectory from current developments in the Middle East, the handwriting is already on the wall. Since no other area is capable of replacing the Middle East as the world's premier oil exporter, the oil economy will shrivel - and with it, the global economy as a whole.
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Old 03-07-2011, 06:47 AM   #3
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Grrrreat , Australia is an energy rich country .

If the master plan works out according to my schedule
of corruption payments you will soon be required
to address me as Sheik Ross.

When not at TBM I will be at the camel races or
promoting global terrorism . Harem positions available
now .
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Old 03-07-2011, 09:41 AM   #4
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Grrrreat , Australia is an energy rich country .

If the master plan works out according to my schedule
of corruption payments you will soon be required
to address me as Sheik Ross.
Australia is a coal-rich country, Sheik Ross. Y'all wanna try to run a fleet of cars and trucks and planes and ships without liquid crude?

Australia's gotta import oil, like so much of the world. You can list the number of countries that are oil-independent pretty quick. It's only about 25 now, and some of those are very small countries.
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Old 03-07-2011, 01:26 PM   #5
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Shale gas you infidel ( drilling now ) .
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Old 03-07-2011, 01:32 PM   #6
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Shale gas you infidel ( drilling now ) .
How many people in Australia drive cars that run on NatGas? None? How many of Qantas' airplanes run on NatGas? None!

How many gas stations are there in Australia where you can fill up on Shale gas, Sheik Ross?
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Old 03-07-2011, 03:48 PM   #7
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We have a lot of cars running on LPG and a lot of gas filling stations .
Fuel is quite expensive here largely due to govt. taxation however the govt.
has subsidised the conversion of many vehicles to gas .
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‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 03-07-2011, 03:56 PM   #8
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We have a lot of cars running on LPG and a lot of gas filling stations .
LPG = liquid petroleum gas. It's propane (&butane) and is a byproduct of crude oil production. It's not NatGas, which is methane. Australia's a net importer of LPG.
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Old 03-07-2011, 04:07 PM   #9
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Saudi Arabia could step up production but its heavy crude was not in such high demand.

"It's chocolate icecream when you need vanilla," said Verleger who was brought to New Zealand by Shell service station owner Greenstone Energy.

Governments could also consider relaxing emissions standards covering sulphur in diesel. Higher sulphur levels are produced from lesser-grade crude.

http://www.nzherald.co.nz/business/n...ectid=10710791
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Old 03-07-2011, 04:35 PM   #10
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Late for the camel race and I do not have time to check but .....

# I am assuming synthesis of butane from methane is economic .
I believe synthesis for ethanol from methane is ???

# LPG is a mixture of gasses is it not ? of which methane is one ?
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Old 03-07-2011, 04:42 PM   #11
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Shale oil (the Bakken formation) and the Alberta oil sands bitumen deposits. Tons of the stuff there, and it's now economical to develop. The infrastructure just needs to be put in place.
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Old 03-07-2011, 04:49 PM   #12
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LPG is primarily propane. But a car that will run on LPG will probably run just fine on methane. It's just more difficult to store.
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