Tag Archives: Oil

We're Gonna Run Out of Pollution!!

One of the biggest reasons that the Left feels we must get away from petroleum is that we have surpassed peak oil; we’re running out and we are in danger.  Couple things wrong with this:

  1. There is no alternative use for oil.  If we don’t burn it, what is it good for?
  2. We are no where NEAR peak oil.

When a thing becomes scarce, the price of that thing rises.  It has to.  And it can.  Fact is, oil isn’t scarce.  It’s plentiful and it’s competing for our purchase of it.

Consider this article:

Not many people think of the Netherlands as oil country, but a billion-barrel field lies under a nine-mile strip of grazing land along the Dutch-German border.  When oil prices cratered in the 1990s, Royal Dutch Shell shut the Schoonebeek field down.

Now higher prices and technological advances are spurring a new joint venture of Shell, Exxon, and the Dutch government to pump Schoonebeek’s reserves once more.

There is a bunch of oil that we know about in places that is just too hard to get at.  However, when the price of oil rises to the point that the cost of obtaining it can be offset by the price of selling it, we get more oil.  Further, technology is advancing as well:

New wells drilled horizontally are coming in contact with more of the oil. Steam injected into the rock loosens up its molasses-like crude so it can be brought to the surface more easily.

So, how much oil are we looking at?

Many analysts and industry executives have little doubt that there’s plenty of oil in the ground. “Only about 32% of the oil [in reserves] is produced,” says Val Brock, Shell’s head of business development for enhanced oil recovery. Shell estimates 300 billion barrels and maybe more might be squeezed out of existing fields, much of it once thought beyond retrieval. Peter Jackson, IHS Cambridge Energy Research Associates’ London-based senior director for oil industry activity, has reviewed data from the world’s biggest fields. His conclusion: 60% of their reserves remain available.

To translate into everyday terms:  That’s a lot.

California: Part VI

Planes, trains and automobiles.  It’s a famous movie, but what really has the attention of politicians everywhere is this very same concept.  Planes, trains and automobiles.  Specifically, “how do we get fewer automobiles and more trains?”.  Everywhere people are requesting and demanding that we expand our mass transit system.  Part of it is a pander to the people who are best served at the expense of the rest of us.  Lately, though, we have begun to see the Global Warming crowd clamor that we need to implement more transit in order to reduce the number of carbon producing cars.  Still others claim that we have reached peak oil and going forward, we need to reduce our dependency on foreign oil.

In each case, the supporters are wrong, blind or both.  But nobody is as wrong as often or as blind as California.  Check this out via Reason:

For three years, Veronique Selgado took BART from the East Bay to her job working for an airline at San Francisco International Airport. But she recently switched to driving because BART raised fares and upped its SFO round-trip surcharge from $3 to $8, boosting her daily trip cost to nearly $20.

“It’s outrageous,” Selgado said. “At what point do they stop raising the prices, when it’s $50 a day to go round-trip to work? At what point does BART stand back and say, ‘People can’t pay that much to commute’?”

Millbrae resident Robert Smith, 63, had taken BART and Golden Gate Transit to his job in Sausalito because his employer provided transit vouchers, but eventually he threw up his hands, bought a Honda Civic and started driving.

It took him 21/2 hours each way by train and bus, turning his nine-hour workday into a 14-hour endeavor. Now he drives, and it takes him 45 minutes each way, which he said is well worth the extra gas and toll bridge costs.

Rick Mann loves public transit but hates the two hours and 15 minutes it takes him to walk from his Milpitas home to a transit station, catch a train, transfer to another train and then walk to his job as a software engineer in Sunnyvale.

The point is this: “Mass transit doesn’t work”.  We aren’t dense enough to make it work.  People live too far from where they work.  Transfers are common.  Further, because this is the government, making upgrades to the system is seen as an expense, not an investment.  As such, expenses are minimized meaning fewer trains and busses and fewer stops.  This raises the time of the commute and reduces riders.  But we have to continue to meet the costs.  And that means higher fares and higher taxes.

And soon, gentle reader, that means I am going to be taxed here in North Carolina so that someone in San Francisco can ride a bus that they don’t wanna ride.

Where Brad and Britt Are Wrong

This morning Brad and Britt are discussing the shooting at Fort Hood.  During the conversation, Britt makes the statement that we can’t afford to piss ’em off, because that’s where we get all our oil!

It made me stop and wonder why he thought we were talking about Canada.

Oil Imports

Oil Imports October 29, 2009

Or Mexico.

Weird, those guys.