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Overunity Machines Forum



Peak Oil: Oil Production to Peak in 2014

Started by 4Tesla, March 22, 2010, 05:34:25 PM

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Azorus

#1
March 23, 2010, 07:30:26 AM
Funny thing about this, they have been saying we have reached the peak for years.  However production keeps going up.  There are two ways to make the production of oil go down.  The demand for oil go down, which won't happen soon(2-3year time frame), or supply for oil dry up, won't happen either becuase they keep finding more in other countries.  Please keep encouraging the oil companies to raise panic by posting there rubish though.

4Tesla

#2
March 23, 2010, 09:38:02 PM
Quote from: Azorus on March 23, 2010, 07:30:26 AM
Funny thing about this, they have been saying we have reached the peak for years.  However production keeps going up.  There are two ways to make the production of oil go down.  The demand for oil go down, which won't happen soon(2-3year time frame), or supply for oil dry up, won't happen either becuase they keep finding more in other countries.  Please keep encouraging the oil companies to raise panic by posting there rubish though.

Whatever  ::).. it is a fact that there is only a limited supply.. this is just a new calculated prediction and is not by the oil companies.  If the oil companies sent this out the car companies would be working harder to find alternative fuels and the oil companies don't want that.

4Tesla

the_big_m_in_ok

#3
March 23, 2010, 09:42:50 PM
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.

4Tesla

#4
March 23, 2010, 10:27:14 PM
I guess you guys are right.. but it doesn't make it an invalid study.

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The scientists from Kuwait University and the Kuwait Oil Company adopted a newer approach by including many Hubbert production cycles.
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