Peak Oil???
Nah....it was never a good theory...
BP has reopened the debate on when the "peak oil" supply will be reached by announcing a big new discovery in the Gulf of Mexico which some believe could be as large as the Forties, the biggest field ever found in the North Sea.
The strike comes days after Iran unveiled an even larger find of 8.8bn barrels of crude oil, and the moves have encouraged sceptics of theories which say that peak production has been reached, or soon will be, to hail a new golden age of exploration and supply.
BP, already the largest producer of hydrocarbons in the US, said its "giant" Tiber discovery in 4,100ft (1,250m) of water was particularly exciting because it promised to open up a whole new area.
posted by GayandRight @ 9:17 AM
3 Comments:
I don't think we will ever reach a peak in our supply of oil. Crude oil does not come from decaying plant/animal material. It's the result of heat & pressure acting on the methane left over from when the earth was formed, stored deep within the earths crust.
No, seriously, this is it, this is the last record-breaking field to be found. The last one. THEN we're outta oil. Well, after we use up all the stuff that's too expensive right now ... THEN we're out of oil. Ten years, tops.
/sarcasm
Why is it always ten years? Close enough to be scary, yet far enough no one can hold the naysayers responsible for their lies?
Frankly, I think we should suck up all the oil that's available in and around out country and use it up as fast as we reasonably can. Once it's gone, and only then, alternative energy will be financially viable without government subsidies and we can stop the all the nonsense.
Oops! Brazil finds even MORE oil! I'm beginning to wonder if we'll EVER run out. ;)
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