Geologist: Earth has lots and lots of oil

[Herman Munster]

http://upi.com/NewsTrack/view.php?StoryID=20061020-044158-9693r

SPOKANE, Wash., Oct. 20 (UPI) -- A University of Washington economic geologist says there is lots of crude oil left for human use.

Eric Cheney said Friday in a news release that changing economics, technological advances and efforts such as recycling and substitution make the world's mineral resources virtually infinite.

For instance, oil deposits unreachable 40 years ago can be tapped using improved technology, and oil once too costly to extract from tar sands, organic matter or coal is now worth manufacturing. Though some resources might be costlier now, they still are needed.

"The most common question I get is, 'When are we going to run out of oil?' The correct response is, 'Never,'" said Cheney. "It might be a heck of a lot more expensive than it is now, but there will always be some oil available at a price, perhaps $10 to $100 a gallon."

[Mythsaje]

1. Named Cheney?

From the armpit of Washington State?

Uh-huh.

I believe it.

NOT!

[baldguy]

2. 42 gal/barrel x $10/barrel = $420

= $140/gal gasoline

[nam78_two]

3. Climate change would still be a problem/nt

[RB TexLa]

4. ahh, a conspiracy needs no basis in reality to sell $19.99 DVDs

[terryg11]

5. "Never" run out of oil?

Isn't that scientifically incorrect since it's obviously a finite resource. Is there some spring of oil that replenishes current deposits?

As far as synthetic oil, isn't a main ingredient of synthetc the "nataural" oil?

[KittyWampus]

7. thermal depolymerization

[Name removed]

6. Deleted message

Message removed by moderator. Click here to review the message board rules.

[KittyWampus]

8. there is quite a bit. but you and I won't be able to afford it

[karlrschneider]

9. BP will pay you many dollars for your expertise. Why are you wasting

your valuable time here?

[patrice]

10. Let me guess; I'll bet you think global climate change is propaganda too.

[JeffR]

13. He thinks climate change is a great investment opportunity

no doubt.

[bridgit]

26. no, limbaugh already solved that problem; global warming was...

brought on by the flatulence of cattle in New Zealand

[JeffR]

12. Well, we'll have plenty of snake oil from your ranks, buddy

A shite load for a long time, indeed.

On edit, better blue than dead. That's the choice these days.

[Crandor]

14. Yeah, that darn Left

with their "facts" and "science"... What a bunch of looneys. :sarcasm:

[StClone]

15. Please don't hit the Alert button

Can we keep one to play with? Pease?

[ktowntennesseedem]

23. Yeah, really!

I hate coming across "message deleted" posts, and try desparately to figure out what the post might have said based on any replies. Let's leave this one up a while so we can all enjoy the lunacy and have a chance to take a shot.

[havocmom]

24. Better they're posting here than out stealing our lawn signs

:thumbsup:

[Poppyseedman]

28. There are theories that petroleum is actually produced

as an on going process under the Ocean.

Those theories are currently scorned by environmentalist and not very well received in the scientific community , but they are out there.

Personally, since the process of how petroleum under the earth is produced is not very well understood, I'm open to the idea that it can be an on going process.

But, I would not hedge my bets.

[TimeChaser]

33. No. That's a hypothesis. Or wishful thinking.

Not a theory.

[Viva_La_Revolution]

29. no, we're running out of affordable oil

and won't it be nice when they suck up our clean drinking water to process all that oil shale that's just lying around.

get a clue George.

[Orrin_73]

11. UPI hmmmmmmmmmm rightwing news service

FoxNews little brother no less.

[ngant17]

16. just another detractor from peak oil

for a differing opinion, Mike Ruppert, a well-known proponent of Peak Oil, recently had this to say (from his new location in Venezuela):

"...a world consuming between 84 and 85 million barrels per day and where annual depletion is between five and six million barrels per day, per year and accelerating. Global depletion is only going to get worse and may fall off a cliff; especially when and if Saudi fields start collapsing from overproduction like Kuwait’s Burgan field did last year. Mexico’s super-giant Cantarell, the world’s second largest field is also in steep decline. The North Sea is in decline. Norway is in decline even as CNN runs specials about how Norway is investing its oil wealth for use after the oil runs out. Russia is in decline. Saudi Arabia has almost certainly entered decline, although the Saudi government will engage in any possible (sometimes ludicrous) deception to hide this fact."

[greenman3610]

17. We didn't leave the stone age because we ran out of stones

[skids]

18. lol. Good one. I'm stealing it. n/t

[bridgit]

19. heehee, that is punny...

:rofl:

[bridgit]

20. well i do appreciate ole 'cheneys' gung ho spirit & all but he's nutz...

:silly:

[Strelnikov_]

21. No. We Will Not Run Out Of Oil

We will simply run out of the energy needed to extract this oil that is marginal to negative in energy yield. (Actually, we will quit throwing energy at marginal fossil fuels and use it in a more efficient manner, the exergy concept http://www.energybulletin.net/18195.html ).

'Economic' Geologist is the tell. Economists, for some reason, think money->energy.

[bridgit]

22. his 'irrational exuberance' is prolly trying to maintain levels of...

investment into fossil exploration stocks & ventures worldwide...i wonder what his consulting fees are on the backside :shrug:

[havocmom]

25. That, or he's crocked

Could even be both.

[bridgit]

27. something sure is making him hell'ah happy..

:rofl:

[unblock]

30. "never" is "correct" but also facile

we will "never" run out of oil just because there will always be some tiny amount of oil that's way too inaccessible to get to. big deal. when people talk about "running out of oil", they do NOT mean "when will we use up the very last drop on the planet".

rather, they mean, something like, "when will oil get sufficiently rare and expensive that ordinary people will not be able to afford it, or to rely on the technology that depends on it."

saying that there will always be oil somewhere but it will cost $100/gallon is just being facile.

[BlooInBloo]

31. Yup. That shit only works because Americans are idiots.

[mmonk]

32. But we don't much time to slow and reverse global warming.