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Graeme
Fission
Joined: Mar 04, 2005
Posts: 2812
Location: New Zealand
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 Posted: Wed Apr 23, 2008 12:46 am Post subject: IEF 2008: OIL AND GAS WILL LAST DECADES |
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IEF 2008: OIL AND GAS WILL LAST DECADES
| Quote: | "The availability of gas and oil resources will be enough to meet world demand for coming decades". This is one of the conclusions reached in Rome's International Energy Forum.
After having guaranteed the availability of supplies, the Forum's final paper points out that "however market and public opinion perceptions are not in line with the true geological nature of oil and gas supplies and the main factors that drive the market". |
AGI
Saudi Oil Min.: Biggest Threat to Supply is Dearth of Investments
| Quote: | The biggest danger to satisfying global energy needs is a lack of investment, Saudi Arabian Oil Minister Ali Naimi told reporters at the 11th International Energy Forum.
Naimi followed the statement by saying that there are currently enough reserves to meet the world's energy demands for the next 50 years. |
rigzone
_________________
Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us. |
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Golgo13
Heavy Crude
Joined: Dec 13, 2004
Posts: 248
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| Posted: Wed Apr 23, 2008 1:17 am Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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"Decades", they say.
Well I'm feeling better about this whole thing already! |
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americandream
Fission
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Joined: Oct 18, 2004
Posts: 2156
Location: kiwibush
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| Posted: Wed Apr 23, 2008 1:50 am Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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| Graeme wrote: | IEF 2008: OIL AND GAS WILL LAST DECADES
| Quote: | "The availability of gas and oil resources will be enough to meet world demand for coming decades". This is one of the conclusions reached in Rome's International Energy Forum.
After having guaranteed the availability of supplies, the Forum's final paper points out that "however market and public opinion perceptions are not in line with the true geological nature of oil and gas supplies and the main factors that drive the market". |
AGI
Saudi Oil Min.: Biggest Threat to Supply is Dearth of Investments
| Quote: | The biggest danger to satisfying global energy needs is a lack of investment, Saudi Arabian Oil Minister Ali Naimi told reporters at the 11th International Energy Forum.
Naimi followed the statement by saying that there are currently enough reserves to meet the world's energy demands for the next 50 years. |
rigzone |
In future, when you post these feel good news, please note, I am only interested in clips of hard data. If these jokers have hard evidence of ample supplies in the ground and have backed up their assertions with that evidence, fine and good. And I'm sure others on here feel as I do.
I can't be bothered with these feel good opinions any longer. Not when I'm staring energy poverty in the face by the day.
In a nutshell then, OPEC has enough reserves to cover the planet's entire needs for decades simply because the Saudi Oil Minister says so. If there's all this oil in the ground, why don't they jack up supplies. For crikeys sake man!
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Bugger me, I hear oil's runnin out mate! |
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Starvid
Fission
Joined: Feb 20, 2005
Posts: 2947
Location: Uppsala, Sweden
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| Posted: Wed Apr 23, 2008 2:32 am Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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I love the caveat.
| Quote: | "The availability of gas and oil resources will be enough to meet world demand for coming decades". This is one of the conclusions reached in Rome's International Energy Forum.
After having guaranteed the availability of supplies, the Forum's final paper points out that "however market and public opinion perceptions are not in line with the true geological nature of oil and gas supplies and the main factors that drive the market". |
"We have plenty of oil&gas, but we don't have as much as people think, and if we suddenly see a huge discrepancy between projections and reality don't blame us, because we gave you this caveat."
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Peak oil is not an energy crisis. It is a liquid fuel crisis. |
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Graeme
Fission
Joined: Mar 04, 2005
Posts: 2812
Location: New Zealand
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| Posted: Wed Apr 23, 2008 3:22 am Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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| Quote: | | The International Energy Forum gathers Ministers of energy producing and consuming countries, of industrialized and developing countries in a global dialogue on energy. In the IEF Ministers address issues of energy security and the links between energy, environment and economic development. Their global dialogue transcends traditional political, economic and energy policy dividing lines of nations at a time of increasing interdependencies. Recognizing the crucial role of industry, IEF Ministers interact with CEOs of leading energy companies in the International Energy Business Forum. |
IEFS
_________________
Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us. |
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americandream
Fission
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Joined: Oct 18, 2004
Posts: 2156
Location: kiwibush
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| Posted: Wed Apr 23, 2008 3:26 am Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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| Graeme wrote: | | Quote: | | The International Energy Forum gathers Ministers of energy producing and consuming countries, of industrialized and developing countries in a global dialogue on energy. In the IEF Ministers address issues of energy security and the links between energy, environment and economic development. Their global dialogue transcends traditional political, economic and energy policy dividing lines of nations at a time of increasing interdependencies. Recognizing the crucial role of industry, IEF Ministers interact with CEOs of leading energy companies in the International Energy Business Forum. |
IEFS |
Ahh...the same big chiefs that are currently overseeing the sub-prime debacle...whatever.
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Bugger me, I hear oil's runnin out mate! |
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mkwin
Intermediate Crude
Joined: Jun 01, 2007
Posts: 640
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| Posted: Wed Apr 23, 2008 3:29 am Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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| americandream wrote: | | Graeme wrote: | | Quote: | | The International Energy Forum gathers Ministers of energy producing and consuming countries, of industrialized and developing countries in a global dialogue on energy. In the IEF Ministers address issues of energy security and the links between energy, environment and economic development. Their global dialogue transcends traditional political, economic and energy policy dividing lines of nations at a time of increasing interdependencies. Recognizing the crucial role of industry, IEF Ministers interact with CEOs of leading energy companies in the International Energy Business Forum. |
IEFS |
Ahh...the same big chiefs that are currently overseeing the sub-prime debacle...whatever. |
noone oversaw the sub-prime debacle, that was the problem. |
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ozkrenske
Heavy Crude
Joined: Oct 27, 2004
Posts: 221
Location: Queensland, Australia
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| Posted: Wed Apr 23, 2008 5:32 am Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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Ha ha ha ha.
No one saw it?!?!
Oh Dear that's rich.
Ha ha ha ergh er orf ah splutter splut.
Sorry but I just choked on some desert I accidentally inhaled.
Lot's of people saw it comming. Good grief as soon as any industrial or finance investment area moves a standard deviation away from the long term average there's an issue to investigate closely. Affordabilty compared to average income was so far out of whack from 2005 on there was no hope for a non crash in housing.
Please note my exclusion of minerals and resources they can move very far away from average when shortage occurs and if there is no replacement the high cost can be sustained. |
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sameu
Intermediate Crude
Joined: Aug 18, 2005
Posts: 535
Location: Belgium, Europe
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| Posted: Wed Apr 23, 2008 6:27 am Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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seems the more worse the situation gets the lies become also more extreme
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www.peakoil.be |
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vision-master
Master
Joined: May 18, 2006
Posts: 5177
Location: Minneapolis, MN
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| Posted: Wed Apr 23, 2008 6:36 am Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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| Quote: | "The availability of gas and oil resources will be enough to meet world demand for coming decades". This is one of the conclusions reached in Rome's International Energy Forum.
After having guaranteed the availability of supplies, the Forum's final paper points out that "however market and public opinion perceptions are not in line with the true geological nature of oil and gas supplies and the main factors that drive the market". |
Dude, Peak Oil is going mainstream. 
Nova - Car of the Future - PBS |
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mkwin
Intermediate Crude
Joined: Jun 01, 2007
Posts: 640
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| Posted: Wed Apr 23, 2008 8:00 am Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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| Quote: | | noone oversaw the sub-prime debacle, that was the problem. |
| ozkrenske wrote: | Ha ha ha ha.
No one saw it?!?!
Oh Dear that's rich.
Ha ha ha ergh er orf ah splutter splut.
Sorry but I just choked on some desert I accidentally inhaled.
Lot's of people saw it comming. Good grief as soon as any industrial or finance investment area moves a standard deviation away from the long term average there's an issue to investigate closely. Affordabilty compared to average income was so far out of whack from 2005 on there was no hope for a non crash in housing.
Please note my exclusion of minerals and resources they can move very far away from average when shortage occurs and if there is no replacement the high cost can be sustained. |
saw it yes, oversaw i.e. regulated it - no. |
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ozkrenske
Heavy Crude
Joined: Oct 27, 2004
Posts: 221
Location: Queensland, Australia
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| Posted: Wed Apr 23, 2008 8:32 pm Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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Ah indeed, I agree there. No one was overseeing anything.
In fact that is effectively how things operate in the neo conservative, privatise everything, the market is always right world we have in the west at the moment. This will change. Or it won't and millions will die from lack of planning. |
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mos6507
Master
Joined: Aug 03, 2007
Posts: 5265
Location: Boston Suburbs
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| Posted: Wed Apr 23, 2008 11:14 pm Post subject: Re: IEF 2008: OIL AND GAS WILL LAST DECADES |
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| ozkrenske wrote: | Ah indeed, I agree there. No one was overseeing anything.
In fact that is effectively how things operate in the neo conservative, privatise everything, the market is always right world we have in the west at the moment. This will change. Or it won't and millions will die from lack of planning. |
You're really describing tragedy of the commons which is more of a fundamental flaw of biology than an ideology. |
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