Comments on: Exxon Mobil Says Peak Oil Unlikely in the Next 25 Years

By: Americans Are Entering a Season of Food Hoarding

Americans Are Entering a Season of Food Hoarding — Mon, 03 Nov 2008 17:06:59 +0000

[...] how the problems of weird weather (climate change) combine and ramify the problems associated with Peak Oil. In this particular case they lead to an inflection point sometime around the 2008 harvest season, [...]

By: Smack MacDougal

Smack MacDougal — Wed, 25 Jun 2008 19:14:49 +0000

Folks don't get what "Peak Oil" means. Peak Oil means thus:

Right now, a fixed number of drilled wells exist and pump oil from the ground. Right now, a fixed number of roads, trucks, ports and ships exist to transport oil from drill sites to refineries. Right now, a fixed number of refineries exist to process shipped in oil.

With the increase in incomes of BRIC folks -- Indians, Chinese, Russians, Brazilians -- in the face of RIGHT NOW output of oil and its refining, prices must go up, regardless of the debasement of the currency of any country.

Is it possible that massive finds of new oil could happen? Yes.

Is it possible that current extraction, refining and transport could become more efficient? Yes.

Is it possible that alterative stores of energy (coal, wind, natural gas, sunlight) could become substituted for oil in some products like electrical power? Yes.

As long as the leaders of countries allow earning and buying power to rise among the many of the world in the face of a fixed, RIGHT NOW output of oil and little substitution of other matter, prices must rise.

By: Chris

Chris — Tue, 27 May 2008 23:07:12 +0000

Savings? Ha! Earnings? No chance. Note to self: let's live a brief, but spectacular life!

By: Paul

Paul — Sun, 25 May 2008 04:07:09 +0000

I really, really, wish that all of this could be solved by my sucking on my thumb and calling for mommmy.

By: christina

christina — Mon, 12 May 2008 13:35:28 +0000

Thomas Edison , the worlds greatest ever inventor, when he was alive, said that he hopes the world starts to develop and use solar energy BEFORE the oil runs out. Is anybody going to argue with the word of the worlds greatest ever inventor? I sure aint!

By: charles

charles — Sat, 10 May 2008 22:10:09 +0000

Article says more about a desire to keep a share price high than a desire to inform. Peak oil is here folks, natural gas and coal for more climate change, wind energy if we care about carbon dioxide.
Thats just the way it is.

By: ruckrover

ruckrover — Sat, 10 May 2008 12:37:05 +0000

I spoke recently to a former off-shore oil engineer who'd been chief engineer of a large oil exploration firm before retiring. His opinion was Peak Oil was here about now.

He said the world will have to shift to natural gas for transport, and should conserve petroleum for things like air transport. He was concerned at the slow pace of change in the world's dependency on oil.

By: Andy

Andy — Fri, 09 May 2008 00:51:08 +0000

Peak oil production is still decades away. It will fall into the laps of the next generation. However, time still runs out as well as oil, which makes the oil punters raise the price due to the promoted fear factor. Nice work if you can get it. Even though we now pay an artificial price for energy, at least it may encourage quicker development of other means to replace the true oil shortage when it comes.

By: Jay

Jay — Sat, 16 Feb 2008 00:00:03 +0000

Read below. Isn't it great how the same company takes both sides of the issue?

"Exxon boss calls end of non-OPEC growth by 2010
Posted on Friday, June 22nd, 2007

Big beasts of the oil jungle don’t come much bigger than Rex Tillerson, in London last week to give a speech at Chatham House. Usually at such events the bigger the beast the duller the platitudes, but during questions afterwards the CEO of ExxonMobil made some significant remarks that underscored the tightness of oil supply outlook, and effectively predicted the end of non-OPEC oil production growth by 2010."

http://www.davidstrahan.com/blog/?p=29

By: Greg W

Greg W — Mon, 21 Jan 2008 13:10:47 +0000

If Peak were true, then wouldn't governments be clamouring to encourage alternative energy sources? Wouldn't car manufacturers want to develop electric or hydrogen hybrids?
If Peak were true, Exxon would want to assure us that we don't need to buy alternatively fueled cars, that there was no reason for the consumer to participate in this market.
If Peak were true...