speedy 0 #1 January 9, 2008 "Ghawar is dying." Could those three simple words signal the beginning of the end for the industrialized human civilization on Planet Earth? Read this and tell me what you think? Dave Fallschirmsport Marl Quote Share this post Link to post Share on other sites
ZeG 0 #2 January 9, 2008 Quote "Ghawar is dying." Could those three simple words signal the beginning of the end for the industrialized human civilization on Planet Earth? Read this and tell me what you think? Hm.. I read through it an and think it is mostly a scare story. Best way to raise the circulation of the newspaper. People like to read about bad news. Only bad news are good news as they say. To come back to the content of the article. True the oil is declining worldwide, but it won´t happen from one day to another as the author of the article describes. It will happen slowly over DECADES. So people have time to accomodate. Just because the oil is going to run out, doesn´t mean the world is about to die. To the contrary: Poeple will finally wake up and explore other means of energy supply to a greater extent. And there ARE other means. So yes a shift will happen and energy will get more expensive, which will hurt the poorer countries and there will probably be a lot of starvation in those areas. But the industrialized countries will most likely be ok. Just my 2 cents.. Quote Share this post Link to post Share on other sites
Para_Frog 1 #3 January 9, 2008 The sooner the better. Market forces need drastic supply reductions to spur alternatives. If oil ran out tomorrow, or simply jumped to $500/Barrel, technology and the market would adjust quickly. The only reason we continue to consume at the current rate is because it's the path of least resistance. Take away the option and we will find another - quickly. We would save the planet and un-ass the damn Saudis. I can't wait.- Harvey, BASE 1232 TAN-I, IAD-I, S&TA BLiNC Magazine Team Member Quote Share this post Link to post Share on other sites
ZeG 0 #4 January 9, 2008 Yeah in a political scheme it will bring some really sweet changes Quote Share this post Link to post Share on other sites
speedy 0 #5 January 9, 2008 QuoteIf oil ran out tomorrow, or simply jumped to $500/Barrel, technology and the market would adjust quickly. It does not have to run out in order to jump to $500 a barrel. But, yes $500 / barrel is realistic very soon if demand out strips supply. What happens then? I dread to think. Dave Fallschirmsport Marl Quote Share this post Link to post Share on other sites
n23x 0 #6 January 9, 2008 QuoteIf oil ran out tomorrow, or simply jumped to $500/Barrel, technology and the market would adjust quickly. Define quickly. Ignoring all other concerns, what kind of stability would we have for food supply, and or crime elements (as a result of the former)? .jim"Don't touch my fucking Easter eggs, I'll be back monday." ~JTFC Quote Share this post Link to post Share on other sites
