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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
IDemo (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 07:20 AM Original message |
Iraqi oil reserves estimated at 143B barrels |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 07:28 AM Response to Original message |
1. So, the newly counted oil is worth less than the war cost |
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DCBob (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 07:40 AM Response to Reply #1 |
2. We may "never" run out of oil.. but as it becomes more scarce the cost will skyrocket. |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 07:45 AM Response to Reply #2 |
3. I agree with your reasoning, but not your conclusion |
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DCBob (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 08:04 AM Response to Reply #3 |
4. Our modern economy is nearly totally dependent on oil.. virtually everything is linked to oil.. |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 08:22 AM Response to Reply #4 |
5. I believe a lot of what you are attributing to oil actually comes from natural gas |
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DCBob (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 08:30 AM Response to Reply #5 |
6. Natural gas and oil go hand in hand.. they will both become scarce, maybe not exactly the same time. |
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hunter (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 08:50 AM Response to Reply #5 |
7. Natural gas and natural gas liquids are already blunting the impact of peak oil. |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 09:48 AM Response to Reply #7 |
9. I wasn't thinking about conversion to liquid fuels, I was thinking about hard goods |
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DCBob (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 09:01 AM Response to Reply #5 |
8. "worst case situation backs us up to the late 1800's" -- world population was "tiny" back then.. |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 09:50 AM Response to Reply #8 |
10. I'll accept about half of that - and you've made a very good point |
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DCBob (1000+ posts) Send PM | Profile | Ignore | Mon Oct-04-10 10:25 AM Response to Reply #10 |
11. Dont get me wrong.. I wish we could live without oil.. I just dont see how its possible.. |
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