Shell report predicts peak oil now or soon, ponders ‘Depression 2.0′

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The industrial doomsday scenario put forward by peak oil theorists isn't just for far flung voices on the Internet anymore.

Peak oil is not a problem of Earth's supplies: there's plenty of oil in a variety of forms. The difficulty is in how much energy it takes to recover and process it. And if it hasn't happened already, soon the demand for energy commodities will soar past existing production capacity and crash headlong into the brick wall of declining discoveries.

The economic effects of th

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Well those have been following this for a while.. T Boone (Slim) Pickens has called this a couple of years ago.. You then saw the high end consultants flogging this story off to Governments.. The implications are immense..

I have attached a basic visual guide for those not aware.. Anyway... If they stop killing all of the Advanced Energy engineers and allow the new Lenr & Cold Fusion systems in.. we may be all right... but then Rockefeller and his cronies would have to allow it... Lets wait and see..

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bump

reply to post by R_Clark


From what I understand, there is more "shale oil" than oil in wells. But environmentalists hae stopped any attempt to extract it because of what it might do to the environment. It was big news in my home state of Utah for a while.

reply to post by beezzer


This "peak oil", as it were, is driven more by bad policy than resource constraints.

I am giving this a bump too.

I must admit that I am a little leery of 'the sky is falling' peak oil chicken littles. I remember being told that we would not have any oil in the 1980's, that didn't happen.

I am not saying that we are not going to run out, just that we might not run out as soon as some think.

Peak oil is a myth. It just gives them an excuse to charge MORE for it. Don't believe everything you hear. There is enough oil to make the world go round for another 1000 years.

Originally posted by xxshadowfaxx
Peak oil is a myth. It just gives them an excuse to charge MORE for it. Don't believe everything you hear. There is
enough oil to make the world go round for another 1000 years.

Agreed. Plus, didn't some British agency unveil a top secret 4 year project with making a synthetic gasoline that uses hydrogen at a molecular level and will burn in a conventional engine?

Not getting too worried about running out, we seem to be finding more oil in areas previously overlooked. I do remember the oil shale deal here in Utah as well, but like everything else, the Sierra Club and tree huggers had it burnt to the ground.

IF there was a peak oil in the near future, I think a depression would be the LEAST of my worries. I'd worry about the increase in conflicts and war it'd bring with and the likelihood of the return of the draft.