AUCKLAND rant............

[S T E A L T H]

Might want to read this before you think everything's hunky dory and do some research on peak oil.

Great. It's the 1970's hysteria all over again.

Looks like (once again) someone forgot to tell the guys that actually have the stuff.
http://arabnews.com/economy/article165112.ece


There have been countless "peak oil" predictions made, countless studies written on the subject subsidised by companies with vested interests, for just about as long as oil has been around. So far none of them have come true. Not one.
The last piece in a scientific journal I recall reading (some years ago) suggested we would be out of oil by 2003. To be quite honest the "experts" have a piss poor track record on this subject.

There are new reserves being discovered constantly. When these vast reserves run out - (I'm not saying they won't, I'm saying its not going to happen next year, or the year after that, or for quite a few years after that either) there are trillions of barrels worth available for converting from shale/coal. Oil is a commodity market. When the cost of extracting a barrel of oil matches the cost of converting a barrel from shale oil, we will have another centuries' worth of untapped reserves. There may be a spike in the price until it will eventually flatten out. The market will set the pace (as it always does) - not the governments, or private companies with hidden agendas.

[BZG Wagon]

I don't think it will be a bad thing if oil runs out. I'm failry sure their are people smarter then me who will find a solution in no time.

It'll be the quickest way to get what ever the solution my be, economies of scale....

[yobbosayo]

Stealth, it's not about when the oil will run out, it's about the cost of it.

Yes, new supplies are being found, but they're not as big or as easy to get to as the old supplies.

Yes, we can refine shale oil into gasoline, but this costs a lot more than refining sweet crude.

When will the cost of oil make our current lifestyle impossible for all but a few wealthy people?

I suspect it will be within the next 30 years

[tsoob]

dude it dont matter we will find another technology before we run out of oil

[Mr Revhead]

Hey what about that opec report out last week saying they have more confirmed reserved now than ever before....

[yobbosayo]

Got a link Mr. Revhead?

If it's true then it didn't seem to make any difference to the price.

It's still stuck around US$80 a barrel, and OPEC wants to push it to $100


New tech you say, Tsoob? Maybe, but I prefer to have a bet both ways. I'm gonna stock up on bikes and learn to grow veges

[Mr Revhead]

Think it was on stuff

Supply has bugger all to do with the price a lot of the time. Excepting of course the temporary spikes from hurricane etc

[S T E A L T H]

Got a link Mr. Revhead?

try the one in my previous post at the top of the page

[S T E A L T H]

Yes, we can refine shale oil into gasoline, but this costs a lot more than refining sweet crude.

When will the cost of oil make our current lifestyle impossible for all but a few wealthy people?

I suspect it will be within the next 30 years

I suspect it will be not in my lifetime, or my grandchildren's for that matter. There will be a spike in price, the oil companies will also absorb some of the production costs. The cost of refinement will reduce as new technologies are implemented. Eventually the price will flatten out. Why would the oil companies shoot themselves in the foot? We've seen it all before.

Engines are becoming more efficient every year. Some of the new Euro motors are astounding. Look up the consumption figures on the new Jaguar XJ for instance.
The car I drive today uses less fuel than the one I drove 10 years ago. It has twice the power and almost triple the torque as well. The one I will be driving 20-30 years from now will probably make the current one look like a VW Kombi bus. Mind you some people insist on have a chicken little outlook on life and think unless we all get on pushbikes and start growing organic squash in the back yard the world is gonna end. Myself I think I'll pass

[yobbosayo]

Ah, I read your link.

Here's one that says yours is (somewhat) bogus

http://oilprice.com/Energy/Oil-Prices/Oxford-Study-Sparks-New-Round-of-Peak-Oil-Debate.html

You may be driving a more efficient car, but the overall efficiency of the vehicle fleet has hardly changed. As cars have become more efficient people have responded by making them bigger, heavier and more powerful.
If we raised the price of fuel now it would help us to prepare for the future by changing our car buying decisions.

There's nothing wrong with being a chicken little! Do you have a spare tyre in your car? Do you have insurance on your car, home and contents? Do you run with scissors? We do lots of things that prepare us for a possible future. IMHO, preparing for peak oil shouldn't be any different.

[2jayzgte]

WGTN best city in NZ hands down heaps of parking you can walk everywhere easily the best city in NZ hands down.

[deaf_rattle]

WGTN best city in NZ hands down heaps of parking you can walk everywhere easily the best city in NZ hands down.

so good, you have to repeat the same comment in the same sentence!

pretty sure auckland was voted better.. hands down, then hands up and back down again

[Mr Revhead]

Oh dear.

[tsoob]

aucklands better

[Alex B]

WGTN best city in NZ hands down heaps of parking you can walk everywhere easily the best city in NZ hands down.

Every time I go here....hot chicks every-fucking-where.

[2jayzgte]

WGTN best city in NZ hands down heaps of parking you can walk everywhere easily the best city in NZ hands down.

so good, you have to repeat the same comment in the same sentence!

pretty sure auckland was voted better.. hands down, then hands up and back down again

You reckon AKLD is so spread out and is over crowded WGTN is more compact easier to get around better public transport theres always something happening down here we don't have th ego's AKLDFers seem to have.So with this in mind hands down the better city.

[deaf_rattle]

Egos are everywhere. Even in hamilton for some strange reason. Wellington is a nice place, but its still further south than the bombays so i choose to believe it doesn't exist.

[Malcolm]

WGTN best city in NZ hands down heaps of parking you can walk everywhere easily the best city in NZ hands down.

Every time I go here....hot chicks every-$&#$%ng-where.

so true. Easily the best part about wgtn (not sure I've seen anything else very special, but only had 3 shortish trips there)

[blindnz]

yeah wellington wins for girls.