Life after the Oil Crash - Page 2 - GoFuckYourself.com

dready · 06-06-2008, 11:16 AM

Quote:

Originally Posted by Adultnet

soon we find out a new resource that will replace oil..

Maybe it'll be space oil

sweetcuties · 06-06-2008, 01:01 PM

I wanted to thank you to everyone who voted for the current administration... a big Thank you and Fuck you

Dollarmansteve · 06-06-2008, 02:02 PM

Fact: The world will NEVER run out of oil, he last drop of oil will have one of two values:

$0 or infinity.

In the first case, no one will want to buy it, in the second, no one will be able to afford it. But Game Theory would say that the second case is an unstable equilibrium. Therefore, the long-term stable equilibrium price of oil is $0 per barrel.

DigitalPimp · 06-06-2008, 02:20 PM

Just saw this the other day, any of you guys see it?

http://www.oilcrashmovie.com/

fluffygrrl · 06-06-2008, 02:29 PM

Quote:

Originally Posted by After Shock Media

This neo-con left you speak of, are they the same people who worked for or still work for the oil companies themselves?

I really do not need biased arguments from either side. Yes both sides take it to an extreme both directions. So please give personal thoughts and reasons behind them. I do have two family members who have worked for big oil from roughly age 16-17 until past retirement age. Now despite that they are fairly hard core conservative republicans (which the party is not anymore), even they have been talking about peak oil for most of my life.

Let's try our basics ASM.

Peak oil is a necessity, logically, because we know how oil is created - it involves lengthy processing at high pressure of no longer extant flora. Therefore, it is not possible that oil is currently being created at the pace it is being consumed, and therefore it is necessary that at some point oil will run out.

Now, reasonably, it is impossible to accurately predict whether that moment is now, in ten years or in ten thousand.

The reason is simple : There could be oil under your livingroom, ten, twenty, fifty miles deep, and there could be more oil there than water in the Pacific. Is this likely ? I do not know, and anyone claiming they do is talking out of their ass. We simply haven't been doing enough deep drilling to have much of a clue how that works.

We also don't have much of a clue as to what's under the vast majority of the ocean bed, which incidentally is also the majority of the earth surface, etc.

In fact, only recently the ocean floor has been mapped at all, the russians had decent maps all through the cold war for some parts, but really, we're way way behind. Incidentally, oceanography and related technical subjects will in my oppinion be the hottest technical skills on the market for the next decades, so if you got a kid...

But anyway, the best argument the peak oil crowd can bring is that it is in fact perfectly possible there's no more oil than we've already found, nowhere in the universe. This is perfectly possible.

IF it is also true, then at the current rate of consumption, (ie, 0 growth from now on) we have a few decades left. It is actually impossible to know for sure. At the current pace of growth, we have a few more years.

I think that's pretty much the sum-up.

emjay · 06-06-2008, 02:31 PM

Quote:

Originally Posted by Dollarmansteve

Fact: The world will NEVER run out of oil, he last drop of oil will have one of two values:

$0 or infinity.

In the first case, no one will want to buy it, in the second, no one will be able to afford it. But Game Theory would say that the second case is an unstable equilibrium. Therefore, the long-term stable equilibrium price of oil is $0 per barrel.

Yippee! Oil for free! Can't wait...

fluffygrrl · 06-06-2008, 02:32 PM

Quote:

Originally Posted by kenny

Yes, the recent surge has to do with speculation.

It is almost sad that these fuckers are willing to crash the global economy in order to make a quick buck.

No, actually, it's a good thing they're doing it.

Quote:

US Congress is looking into measures to prevent this sort of thing from happening.

The only thing the congress is looking into is how to further isolate the US, and in general run it into a wall. The laws of the universe won't change cause mr speaker doesn't like them, and speculation is as important as gravity is.

SifuE · 06-06-2008, 02:50 PM

ahhhhhhhhh at the end of the ocean the world just falls offf.ahhhhh

Paparazzi · 06-06-2008, 03:21 PM

I love my oil stocks

emjay · 06-08-2008, 01:42 PM

Oil prices had their biggest gains ever on Friday, jumping nearly $11 to a new record above $138 a barrel, after a senior Israeli politician raised the specter of an attack on Iran and the dollar fell sharply against the euro.

nosey · 06-08-2008, 01:57 PM

Quote:

Originally Posted by Paparazzi

I love my oil stocks

bronco67 · 06-08-2008, 06:39 PM

https://youtube.com/watch?v=HX8Ih...eature=related

Interesting listen. Apparently this guy says that the oils execs are waiting for oil to reach $150 a barrel before revealing one of the greatest American oil discoveries in history.

bushwacker · 06-08-2008, 06:44 PM

[QUOTE=Rochard;14253937]Does anyone here not care about the price of gas? I so rarely drive that I haven't really noticed.[/QUOTt

The price of oil effects everything. Everything you can think of is made from some form of a petroleum product, eventually it will effect you.

GetSCORECash · 06-08-2008, 07:22 PM

Quote:

updated 10:12 a.m. ET, Wed., Sept. 6, 2006
WASHINGTON - A trio of oil companies led by Chevron Corp. has tapped a petroleum pool deep beneath the Gulf of Mexico that could boost the nation?s reserves by more than 50 percent. A test well indicates it could be the biggest new domestic oil discovery since Alaska?s Prudhoe Bay a generation ago.

But the vast oil deposit roughly four miles beneath the ocean floor won?t significantly reduce the country?s dependence on foreign oil and it won?t help lower prices at the pump anytime soon.

?It?s a nice positive, but the U.S. still has a big difference between its consumption and indigenous production,? said Art Smith, chief executive of energy consultant John S. Herold. ?We?ll still be importing more than 50 percent of our oil needs.?

Chevron on Tuesday estimated the 300-square-mile region where its test well sits could hold between 3 billion and 15 billion barrels of oil and natural gas liquids. The U.S. consumes roughly 5.7 billion barrels of crude-oil in a year

http://www.msnbc.msn.com/id/14678206/

bhutocracy · 06-08-2008, 07:43 PM

Quote:

Originally Posted by bronco67

https://youtube.com/watch?v=HX8Ih...eature=related

Interesting listen. Apparently this guy says that the oils execs are waiting for oil to reach $150 a barrel before revealing one of the greatest American oil discoveries in history.

lol... Coast to Coast... did aliens put the oil there? The guy believes in abiotic oil. sheesh.
The ridiculous thing is, what would be the point of waiting for oil to go to $150 before announcing the world's largest find be? Do you really think oil would stay at $150 for a nano second after they announced it? lol. It doesn't make even the slightest amount of sense... The market will take that information and price oil accordingly. Also it's one of those things that sounds vaguely credible if you wear tin foil but have no experience in oil drilling. Shareholders of the companies involved would have been baying for results like on any drill and essentially they could probably loose every dollar of any massive find to legal action resulting from not informing the market as required by law. It doesn't make any sense. Even the most basic bit of initial thought.

Googled it and found this tidbit also:

"if you listen closely to Lindsey Williams and remain skeptical you'll realize major portions of this story are bs. ask yourself this question. if you secretly ruled the world would you invite him to join in on your we secretly rule the world meeting?

plus just check out his website. he'll tell you all the "real" secrets he didn't reveal in those youtube videos for the low price of $19.95 a month."

Man i hate conspiracy theories that don't make any sense.

bhutocracy · 06-08-2008, 08:05 PM

Quote:

Originally Posted by nick3131

The truth is very simple, oil is more profitable at the moment then hydrogen fuel. When oil starts to run out (may be in 100+ years, maybe in 10) the oil billionaires will then pump their funds into hydrogen. They will then control that market for years to come.

And for all those whining about $4 a gallon I don't get you people. Go live in a 3rd world country for a week, you will realize that you have everything you need to survive and more.

Sleep easy and don't fall into the doomsayers trap, these methods of sheep control are older then modern civilizations.

Hydrogen is bullshit... Not only that.. I can tell you don't actually know what it is. There is no "hydrogen market" and never will be. Hydrogen is an energy carrier, not an energy source.. you can't dominate the "hydrogen market" any more than you can dominate the battery market. Oil, Nat Gas, Nuclear, Wind, Solar, Wave, Geothermal etc are all sources of energy for hydrogen... it's just really inefficient compressing and transporting it. It's a ridiculous white elephant that I hope never gets off the ground. We just need better battery technology and head straight into electric cars.

That said, I generally agree with you on doomsayers etc. I don't really believe that peak oil will bring on the zombie hoards. We'll cope.. things might get hairy.. bit of recession etc.. but we'll be generally ok.

06-06-2008, 01:01 PM	#52
sweetcuties Confirmed User Join Date: Feb 2002 Location: Somewhere Posts: 5,859	I wanted to thank you to everyone who voted for the current administration... a big Thank you and Fuck you __________________

06-06-2008, 02:02 PM	#53
Dollarmansteve Confirmed User Join Date: May 2005 Location: T.O. Posts: 2,849	Fact: The world will NEVER run out of oil, he last drop of oil will have one of two values: $0 or infinity. In the first case, no one will want to buy it, in the second, no one will be able to afford it. But Game Theory would say that the second case is an unstable equilibrium. Therefore, the long-term stable equilibrium price of oil is $0 per barrel. __________________ I died.

06-06-2008, 02:50 PM	#58
SifuE Confirmed User Join Date: Aug 2007 Location: Scottsdale Posts: 877	ahhhhhhhhh at the end of the ocean the world just falls offf.ahhhhh __________________ I.C.Q 360-553-673

06-06-2008, 03:21 PM	#59
Paparazzi Confirmed User Join Date: Mar 2002 Posts: 3,488	I love my oil stocks __________________ Pure Level(3) Premium Bandwidth When Quality Counts

06-08-2008, 01:42 PM	#60
emjay Confirmed User Join Date: Dec 2004 Location: Back in Blighty Posts: 4,277	Oil prices had their biggest gains ever on Friday, jumping nearly $11 to a new record above $138 a barrel, after a senior Israeli politician raised the specter of an attack on Iran and the dollar fell sharply against the euro. __________________ I Run 500+ WhatsApp Groups. The Zuck Owns Me www.emjayconsultancy.com

06-06-2008, 02:20 PM	#54
DigitalPimp Confirmed User Industry Role: Join Date: Jun 2003 Location: Los Angeles, CA Posts: 512	Just saw this the other day, any of you guys see it? http://www.oilcrashmovie.com/

06-08-2008, 06:39 PM	#62
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	https://youtube.com/watch?v=HX8Ih...eature=related Interesting listen. Apparently this guy says that the oils execs are waiting for oil to reach $150 a barrel before revealing one of the greatest American oil discoveries in history.

06-08-2008, 06:44 PM	#63
bushwacker Confirmed User Join Date: Jun 2002 Location: so. fla. Posts: 2,817	[QUOTE=Rochard;14253937]Does anyone here not care about the price of gas? I so rarely drive that I haven't really noticed.[/QUOTt The price of oil effects everything. Everything you can think of is made from some form of a petroleum product, eventually it will effect you.