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Peak Oil

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Royal Blue Jersey

Player Valuation: £35m
Discuss.

(Sorry, I will set ball rolling tommorow but it's 02:28am as I type. So anyone who knows anything, post your views/opinions e.t.c
I will give a major briefing on it when I can. It's an issue that is extremely important, at least for me, anyway)
 
It's a big issue that will require attention sooner or later. China is commendearing vast swathes of oil as it grows its economy. They ceased being self sufficient in oil a few years back and have been 'investing' in African nations by the dozen to ensure they get hold of the raw resources they need.

So the demand side of the equation has rocketed. On the supply side things havn't been great as many oil industries in developming countries have been nationalised. The likes of Mexico and Venuzuela have struggled to maintain production, with many dropping efficiency quite significantly in recent years. These governments have still made fortunes because the oil price has been high for so long but they're certainly not pumping as much as they could do.
 
Bruce is back!

From what I understand (and bare in mind I only interviewed with Schlumberger) we currently have the technology to access only 30% of the planets oil/natural gas supplies. As tech advances our ability to extract more from the wells increases. I know this isn;t the right answer, and alternative energy has to come to fruition, and soon.

I still say Nuclear for electricity. The US have been doing nuclear power for a long time, going as far as to powering warships with them. Clean, efficient, reliable. The only problem is the spent fuel, but we have solutions in place for that too.[sarcasm] Just jettison the nuclear waste into space, no more problem[/sarcasm]

For cars, we need H2 fuel cells. Run on water and only emit water out the back. Just expensive right now, get the costs down and we are in.
 
I agree with the Nuclear assesment, Dylan. I think it would be the most logical solution to powering our nations. I've heard something funny - you know if they build enough wind turbines to power America it will alter the world's winds and actually cause global warming? Ironic.

The problem is we have an established, worldwide economy that is build on the foundations of crude oil. Fractional distillation provides 5 or 6 crucial uses of the black gold. Plane fuel (kerosene) is its own fraction of the oil, as is tar and asphalt for roads. Plastic, clingfilm, medicenes, alcohol (from ethanol) it has many uses. Not only directly into those products, but offering the ability for machines to fertilize, pesticide and harvest crops from around the world, take them by truck to a seaport and transport them thousands of miles across the world, back into trucks until we even get to them. Infrastructure from agriculture to business is almost entirely dependent upon Oil. The point is, we do not have any viable alternatives. At least, not any that can come online within the next 10 - 20 years. And certainly none that will cover the energy deficit - meaning whatever happens, we cannot, at this present moment in time, replace the energy that fossil fuels gave us. Somewhere in our modernized, western lifestyles, we will lose out. The problem is that when oil prices start to rocket up - over $300 a barrel will be a reality sooner rather than later - then it will have a chain effect beginning with the shattering of our economies and transferring throughout agriculture and transport. Even things you would think non-essential, for example the Tourism industries, will collapse (who could afford the plane fees?), and that will have a devastating affect on many countries, especially our European neighbours. We are literally one step away from a devastating global recession.

Energy = power, it always has done, and there will certainly be conflicts over the dissipating energy resources in the near future. If not over that, then certainly over Peak Water (or more accurately, Peak Fresh Water) which we are steadily approaching in some places where climate change has wreaked havoc on lakes and rivers. This planets resources cannot, even if all were evenly distributed, sustain the needs of everyone on the planet. And certainly it cannot be sustained if the West continues to be so wasteful - and I'm not saying thats a bad thing, I think we are all more than grateful of the luxurious lifestyle (by comparison) that we enjoy. But it will become increasingly difficult (and expensive) to maintain that lifestyle as the years continue. Quality of life will be a major sufferer for the West.
 

This is probably the most selfish post of my life because with in the next 20 years, possibly sooner, and one on here would wish a lot sooner, it won't be my problem I'll be gone. What lies in store for the rest of you is not worth thinking about unless you do something quickly, continued dithering will only exasperate the problem. One thing is certain the people running the fuel industries at present are driven purely by profit, that has to stop as energy is vital to everyone and must be controlled by governments who do as the people want rather than pay lip service.
 
exacerbate*

anyway.

you know what i say? ...do what you want, it wont make any difference, the power for change is beyond the average person, fannying around with energy saver light bulbs is the equivalent of a flea fart versus a hurrican. use as much, waste as much, live as much as fast as you possibly can.
 
This is probably the most selfish post of my life because with in the next 20 years, possibly sooner, and one on here would wish a lot sooner, it won't be my problem I'll be gone. What lies in store for the rest of you is not worth thinking about unless you do something quickly, continued dithering will only exasperate the problem. One thing is certain the people running the fuel industries at present are driven purely by profit, that has to stop as energy is vital to everyone and must be controlled by governments who do as the people want rather than pay lip service.

That is exactly what alot of people are thinking, and of course it's not guilty it's natural. I'm hoping I can bite the bullet before most of this [Poor language removed] & global warming-induced climate change kick in. I hope to at least enjoy the next 35 years of my life in relative comfort! But I understand completely. Noone from the previous generation is interested.

And companies-for-profit providing essential services should not be allowed in my book. National Rail, Post, Gas e.t.c should've stayed National.
 
That is exactly what alot of people are thinking, and of course it's not guilty it's natural. I'm hoping I can bite the bullet before most of this [Poor language removed] & global warming-induced climate change kick in. I hope to at least enjoy the next 35 years of my life in relative comfort! But I understand completely. Noone from the previous generation is interested.

And companies-for-profit providing essential services should not be allowed in my book. National Rail, Post, Gas e.t.c should've stayed National.

RBJ I agree but I do recognise the totally selfish element as well from my generation, Thatcher has a lot to answer for(n)
 
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