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What if... OPEC cannot find any more oil?

Posted 07-08-2008 at 09:03 PM by ws6transam
Updated 07-08-2008 at 09:12 PM by ws6transam
What if the shortage is really not caused by OPEC nations unwillingness to increase production, but instead is caused by their running all their wells at maximum output capacity?

What if demand continues to increase, and supply stays flat?

What if we are really at the cusp of "Peak Oil"?

T. Boone Pickens has something interesting to say about it on his website:
Quote:
America is in a hole and it's getting deeper every day. We import 70 percent of our oil at a cost of $700 billion a year - four times the annual cost of the Iraq war. I've been an oil man all my life, but this is one emergency we can't drill our way out of. But if we create a new renewable energy network, we can break our addiction to foreign oil. On January 20, 2009, a new President gets sworn in. If we're organized, we can convince Congress to make major changes toward cleaner, cheaper and domestic energy resources.
Check out his website. It's thought provoking. It's voicing what I've been pondering for a few years now. Now, wouldn't you like to see us all reduce our oil consumption so that the price of race fuel drops? Affordable racing for the masses, that's what I say.

Then, there is this. It's already started: The environmentalists are already whining about "Big Solar". There's a war on at the Bureau of Land Management concerning 130-something applications to build solar power arrays. The BLM had put a moratorium on any new sollar array applications. Heck, they hadn't approved any of the existing applications. Anyway, they finally bowed under pressure from congress to start accepting additional applications, but they still haven't bothered to approve any. I guess the BLM director must be a member of the Sierra Club or something....

Anyway, I think it sounds like a good thing... however many environmentalists do not trust the T. Boone Pickens crowd to do something good... They want him stopped. They want solar arrays stopped. It's counter-intuitive, but true. I guess the big problem environmentalists have is that they want a piece of the energy pie too... They think a better way to generate wind and solar is to create an affordable personal solar array for each and every municipality and personal property. However... I don't see why we cannot have both. As for the environmental damage that we do to the deserts of Utah, well, personally... I've been there and seen them, and would much rather drive past a million acres of solar arrays, than send another dollar of money to the oil fields of the middle east.
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cronisvalor's Avatar
if that ever happens,....ill convert her to run on frying oil!
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Posted 02-25-2011 at 12:26 PM by cronisvalor cronisvalor is offline
 

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