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True2Ourselves Forums   > Community Topics > General Discussions  > The End Of Oil Is At Our Door step

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  #1  
Old 03-06-2019, 07:59 AM
lookingtosee's Avatar
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Default The End Of Oil Is At Our Door step

North Sea is running too dry to meet target
Wednesday July 4, 2007

The real casus belli: peak oil
Tuesday June 26, 2007

Science Panel Finds Fault With Estimates of Coal Supply
Published: June 21, 2007

Chevron announces that they now have 11.8 years of oil left at current production levels after aquiring Unocal reserves
07/08/05

An Oil Enigma: Production Falls Even as Reserves Rise
Published: June 12, 2004

"The decline of oil and gas will affect the world population more than climate change"

In January 2001, the U.S.
Department of Energy estimated the world's supply of unexploited oil reserves the world supply of oil will be totally exhausted 35 years from now (June 2003).

World oil and gas 'running out'
Thursday, October 2, 2003 Posted: 1245 GMT ( 8:45 PM HKT)

The Oil Crunch
Published: May 7, 2004
The question, instead, is when the trend in oil prices will turn decisively upward. That upward turn is inevitable as a growing world economy confronts a resource in limited supply. But when will it happen? Maybe it already has.

Natural gas markets undergo turbulent transition as domestic production declines
Tuesday, December 16, 2003

"Texas' oil resource is pretty well picked over,"

Oman's Oil Yield Long in Decline, Shell Data Show
Published: April 8, 2004

Half of Texas’s oil wells have dried up in the past 40 years and there are very few new ones.

Tight Oil Supply Won't Ease Soon
Published: May 16, 2004
Two dollars for a gallon of gas? Get used to it. High fuel prices are here to stay, at least for the near future, because no relief is in sight for tight oil supplies.

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  #2  
Old 03-06-2019, 08:02 AM
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Default Re: The End Of Oil Is At Our Door step

Google "end of oil"
This Is The End of The Fossil Fuel Age as We Know It, Says Report
BEC CREW

16 JUN 2016
Fossil fuels are holding on, but end of their reign is nigh, says a new report from Bloomberg New Energy Finance, which predicts that wind and solar will be cheaper than coal and gas generators by 2027, and electric vehicles could make up 25 percent of the global car fleet by 2040.

The peak year for coal, gas, and oil looks to be 2025, and then it’s all downhill from there. For big oil guys, at least. "You can't fight the future," says lead researcher, Seb Henbest. "The economics are increasingly locked in."

Released on Monday, Bloomberg’s New Energy Outlook report has found thatUS$11.4 trillion will be invested in new energy sources over the next 25 years, and two thirds of that will go towards renewables, particularly wind and solar.

Any new coal plants will mostly be cropping up in India and other emerging markets in Asia.
The report explains:
"Cheaper coal and cheaper gas will not derail the transformation and decarbonisation of the world’s power systems. By 2040, zero-emission energy sources will make up 60 percent of installed capacity.
Wind and solar will account for 64 percent of the 8.6TW [1 Terawatt = 1,000 Gigawatts] of new power generating capacity added worldwide over the next 25 years, and for almost 60 percent of the $11.4 trillion invested."

The report predicts that coal, gas, and oil will peak by 2025, and will hit its final decline even sooner than that, concluding that, "coal and gas will begin their terminal decline in less than a decade".

By 2027, the real tipping point will occur, when fossil fuels will be well and truly on the decline and renewables have been established long enough that they’ll likely be generating energy more cheaply than existing coal, gas, and oil refineries. And there’s nothing quite like a cheaper price to accelerate an industry even further.

The end of the Fossil Fuel era is upon us so what are we going to do next-?
World governments vow to end fossil fuel era at UN climate signing ceremony
Representatives of more than 170 countries endorse Paris agreement to cut carbon emissions, with France’s president saying: ‘There is no turning back’
World governments vow to end fossil fuel era at UN climate signing ceremony
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Old 03-06-2019, 08:04 AM
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Default Re: The End Of Oil Is At Our Door step

China plans ban on petrol and diesel cars

China looks at ending sales of gasoline cars

China to ban all petrol and diesel cars

China to plow $361 billion into renewable fuel by 2020 | Reuters
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Old 03-06-2019, 03:22 PM
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Default Re: The End Of Oil Is At Our Door step

Quote:
Originally Posted by lookingtosee View Post
China plans ban on petrol and diesel cars

China looks at ending sales of gasoline cars

China to ban all petrol and diesel cars

China to plow $361 billion into renewable fuel by 2020 | Reuters

Sounds like a prototype of "The Green New Deal"

JIM
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Old 03-06-2019, 03:48 PM
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Default Re: The End Of Oil Is At Our Door step

Agree Lookinforacity, I don't buy none of that silliness
__________________
Saint Michael the Archangel, defend us in battle, be our protection against the malice and snares of the devil. May God rebuke him we humbly pray; and do thou, O Prince of the Heavenly host, by the power of God, thrust into hell Satan and all evil spirits who wander through the world for the ruin of souls. Amen.
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  #6  
Old 03-07-2019, 10:54 PM
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Default Re: The End Of Oil Is At Our Door step

Coal/oil on the way out

More than half of the U.S. coal mines operating in 2008 have since closed
In the United States, decreasing demand for coal has contributed to lower coal production, which has fallen by more than one-third since peak production in 2008. As U.S. coal demand has declined, the number of active coal mines has decreased by more than half, from 1,435 mines in 2008 to 671 mines in 2017. As the U.S. market contracted, smaller, less efficient mines were the first to close, and most of the mine closures were in the Appalachian region.

The U.S. has more coal reserves than any other country. Additionally, we remain one of the world’s top producers of coal—third only behind China and India. And, coal accounted for 30.1% of U.S. electricity generation in 2017

The reason the US has more coal reserves than any other country is because the other countries are running out of COAL!!!!

In addition to our robust oil production, the U.S. also has the largest government-owned stockpile of emergency crude oil in the Strategic Petroleum Reserve (SPR). And, at 660 million barrels, the SPR is by far the largest oil stockpile in the world. The SPR was created after the oil embargo of 1973–74, when the Organization of Petroleum Exporting Countries cut off their supply of oil to the United States.

Department of Energy
DOE Announces Notice of Sale of Crude Oil from the Strategic Petroleum Reserve
FEBRUARY 28, 2019

WASHINGTON, D.C. - Today, the U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) announced a Notice of Sale of crude oil from the Strategic Petroleum Reserve (SPR).

DOE plans to draw down and sell crude oil from three SPR sites—Bryan Mound and Big Hill in Texas, and West Hackberry in Louisiana. This sale will fulfill requirements for Section 404 of the Bipartisan Budget Act of 2015 (Public Law 114-74).

The Congressionally mandated sale is authorized in Section 404 of the Bipartisan Budget Act of 2015. The law authorizes the Secretary of Energy to draw down and sell up to $2 billion of SPR crude oil, for fiscal years (FYs) 2017 through 2020, to carry out an SPR modernization program. In FY 2019, the Secretary is authorized to sell up to $300 million worth of crude oil from the SPR to carry out the SPR Life Extension Phase II project—a component of the SPR modernization program, in accordance with the Energy and Water, Legislative Branch, and Military Construction and Veterans Affairs Appropriations Act, 2019 (Public Law 115-244). The proceeds from this sale will be deposited into DOE’s Energy Security and Infrastructure Modernization Fund during FY 2019.
DOE Announces Notice of Sale of Crude Oil from the Strategic Petroleum Reserve

NOTICE----- The reason Strategic Petroleum Reserve (SPR) is now selling it's reserves is because private reserves cannot supply the needed demand!!! (we are running out of OIL!!!!)

The truth will set us free !! -
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Old 03-09-2019, 05:10 PM
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Default Re: The End Of Oil Is At Our Door step

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"God in his deepest mystery is not a solitude but a family, since he has in himself fatherhood, sonship and the essence of the family which is love"
- Saint Pope John Paul II
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  #8  
Old 03-13-2019, 07:06 PM
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Cool Re: The End Of Oil Is At Our Door step

In another forum I found this which looks interesting. I cut a lot out to fit, check the link for the full story

This Gasoline Is Made of Carbon Sucked From the Air

A Harvard-affiliated Canadian company is making a liquid fuel that is carbon neutral, and they hope the economics will be in their favor.

Imagine driving up to your local gas station and being able to choose between regular, premium, or carbon-free gasoline.

Carbon Engineering, a Canadian company, is already making a liquid fuel by sucking carbon dioxide (CO2) out of the atmosphere and combining it with hydrogen from water. This is an engineering breakthrough on two fronts: A potentially cost-effective way to take CO2 out of the atmosphere to fight climate change and a potentially cost-competitive way to make gasoline, diesel, or jet fuel that doesn’t add any additional CO2 to the atmosphere.
“Our paper shows the costs and engineering for a full-scale plant that could capture one million tons of CO2 a year,” Keith said.

“It costs more than a barrel of oil right now, but in places with a price on carbon of $20 a ton we’re competitive,” Oldham said in an interview.
Still, even at $100 per ton, there aren’t enough CO2 buyers right now. So the company decided to make a carbon-neutral liquid fuel, said Steve Oldham, CEO of Carbon Engineering. The captured CO2 is combined with hydrogen, which is made through the electrolysis of water. While the process requires a lot of electricity, the pilot plant in Squamish uses renewable hydro power. The resulting synthetic fuel can be blended or used on its own as gasoline, diesel, or jet fuel. When it’s burned it emits the same amount of CO2 that went into making it, so it’s effectively carbon neutral.

Carbon Engineering is building a larger plant, utilizing low-cost renewable energy, that will produce 200 barrels of synthetic fuel a day. It should be operational in 2020, said Keith. The company is also looking to license their technology.

“We think this is very scalable and will have world-wide markets,” says Oldham. “All you need is air and water as feedstocks, and some electricity.” And a license to their tech.

I for one think it is worth the try

P.S. Google to find the link
I must add: Plants live on CO2 and exhale 02; We live on O2 and exhale CO2

Last edited by lookingtosee : 03-13-2019 at 07:21 PM.
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  #9  
Old 03-17-2019, 06:36 PM
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Default Re: The End Of Oil Is At Our Door step

The end of the Fossil Fuel era is upon us so what are we going to do next-?
Started by tooldtocare on Apr 29, 2011 2:42:41 AM
notthetalk.com/discussion(Environment)

After 3,138 posts in the above topic I no longer need to beat my drums on this issue. Now we have hybrids, electric cars and a new fuel source that is not derived from oil.

The world is unfolding as it should
(:-
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Old 03-17-2019, 11:09 PM
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Default Re: The End Of Oil Is At Our Door step

🤪

------------------------
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Saint Michael the Archangel, defend us in battle, be our protection against the malice and snares of the devil. May God rebuke him we humbly pray; and do thou, O Prince of the Heavenly host, by the power of God, thrust into hell Satan and all evil spirits who wander through the world for the ruin of souls. Amen.
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