Peak Oil News

 

  Login or Register
 
Menu
 News
 Search
 Topics
 Stories Archive
 Submit News
 Discussions
 Code of Conduct
 Forums
 Forums Search
 Last 24 Hours
 PO 24hrs
 Peak Blog
 Resources
 About Us
 Downloads
 Web Links
 PeakWiki
 PeakPortal
 Focus Search
 Peak TV
 Peak Oil Boston
 Houston Peak Oil
 Members
 Your Account
 Members List
 Ignore List
 JOIN!
 Private Messages
 
google
 
PeakSpeak
NICKNAME

Download TeamSpeak
What is PeakSpeak?
Peak Oil on IRC
 
Photo Album
Submit Photo
Peakoil.com is You!


member photos
 
Light Sweet Crude Oil
 
Member Quotes
I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.

smallpoxgirl

Suggest Quote

 
ICM
Cisco & Net App Training
 
The Oil Drum: Fuel Prices As We Go over the Top...?
Consumption; Demand; PricesGuest writes: The first question asked by those hearing about fuel depletion is usually: "How high will prices go?". The attitude is almost always that one will just have to pay up, as the fuel is essential. This is of course a recipe for extremely high prices, but just how prices will vary as the depletion process unfolds remains to be seen.


We already have an example of a (nearly) isolated market that has definitely gone over the top of production, and that is the North American natural gas market. What else can we learn?

Much more after the jump to The Oil Drum.

Posted on Tuesday, October 24 @ 11:51:26 PDT by leanan
 
Related Links
· More about Consumption; Demand; Prices
· News by leanan


Most read story about Consumption; Demand; Prices:
Forget About Cheap Oil

 
Article Rating
Average Score: 0
Votes: 0

Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad

 
Options

 Printer Friendly Printer Friendly

 Send to a Friend Send to a Friend

 
"Login" | Login/Create an Account | 3 comments | Search Discussion
The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register

Re: The Oil Drum: Fuel Prices As We Go over the Top...? (Score: 1)
by billp on Tuesday, October 24 @ 22:08:00 PDT
(User Info | Send a Message) http://www.prosefights.org/
Mr. Payne:  Thank you for your interest in my Part II: The Next Step-Conversion to the Solar Hydrogen Economy.  You may have seen my article on http://www.beyondfossilfuel.com/
You may want to see my other article at http://www.hydrogennow.org/  about the air pollution caused deaths in the U.S. and Europe.
        In my article I am not proposing anything. I am just reporting on the national interest, Government action and progress on the Solar-Hydrogen Economy. There is far more available hydrogen (as water) as there are fossil fuels. Currently, our addiction oil is supporting our way of life. As you are aware, there are 5 oil-producing nations whose oil production has peaked and is on the downside of the curve.  The U.S. oil production peaked in 1970 and has been declining ever since. In 1999, then CEO Dick Cheney(Haliburton Corp) said that: "oil demand will increase 2% per year while oil production will decline 3% per year". This was confirmed by geologists, scientists and oil CEOs. Hence, there will be a 50 million bbl/day shortfall in oil to meet the demand in 2010-12.  This oil "crash" should generate a macroeconomic upset reminscent of the Great Depression.  Think for a moment what would happe n if gasoline/oil stopped tomorrow and was no longer available.  There would be massive layoffs, very little food in the market, bank closures, and riots in the streets. No, we had better convert to the Solar-Hydrogen Economy before this happens.

The conversion of coal into fossil fuels via the Fischer-Tropsch process is too energy intensive. This would require heating the catalyst via coal combustion or natural gas which would generate more GHG and push up the prices of those fuels while depleting those resources even faster. No, the Solar-Hydrogen economy is the answer as it is non-polluting.
      Again, thank you for your comment.

             Dr. Warren Reynolds, Consultant 

 


 



Re: The Oil Drum: Fuel Prices As We Go over the Top...? (Score: 1)
by billp on Tuesday, October 24 @ 22:40:02 PDT
(User Info | Send a Message) http://www.prosefights.org/
bad link to bill above
let's try again
http://search.barnesandnoble.com/booksearch/isbnInquiry.asp?userid=0LK059A66I&isbn=0125475705
:)



Re: The Oil Drum: Fuel Prices As We Go over the Top...? (Score: 1)
by billp on Tuesday, October 24 @ 22:47:21 PDT
(User Info | Send a Message) http://www.prosefights.org/
"If at first you don't succeed, try, try again. Then quit. No use being a damn fool about it." 
  --  W.C. Fields
http://www.walmart.com/catalog/product.do?product_id=759906
 
 



Atom News FeedRSS 1.0 News FeedRSS 2.0 News FeedRSS Forums Feed