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	<title><![CDATA[Grist - Comment Feed for One-hundred-dollar oil]]></title>
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            <title>Comment #1 by GreyFlcn</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Thu, 03 Jan 2008 03:42:23 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/1</guid>
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				<p><strong>Well thats the scary part<p>Well thats the scary part<p>
All this rhetoric about "energy independance" can't possibly apply to biofuels. &nbsp;There's just not enough raw material.<br>
<a href="http://greyfalcon.net/biolimits.png" rel="nofollow">http://greyfalcon.net/biolimits.png<p>
So the only real application is with "alternative oil"<br>
<a href="http://greyfalcon.net/fossilenergy" rel="nofollow">http://greyfalcon.net/fossilenergy<br>
<a href="http://greyfalcon.net/fossilenergy.png" rel="nofollow">http://greyfalcon.net/fossilenergy.png<p>
_<p>
But frankly even if we did cut off all of our oil imports, they act like OPEC would suddenly roll over and die because they are getting slightly less than $100 a barrel.<p>
They were fine with $10 a barrel just a few short years ago. <p>
How much a dent do they really think we can make?<p>
_<p>
But then again it's an emotional argument, not a rational one.</p></p></p></p></p></p></a></br></a></br></p></a></br></p></p></strong></p>
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				<p><strong>Well thats the scary part<p>Well thats the scary part<p>
All this rhetoric about "energy independance" can't possibly apply to biofuels. &nbsp;There's just not enough raw material.<br>
<a href="http://greyfalcon.net/biolimits.png" rel="nofollow">http://greyfalcon.net/biolimits.png<p>
So the only real application is with "alternative oil"<br>
<a href="http://greyfalcon.net/fossilenergy" rel="nofollow">http://greyfalcon.net/fossilenergy<br>
<a href="http://greyfalcon.net/fossilenergy.png" rel="nofollow">http://greyfalcon.net/fossilenergy.png<p>
_<p>
But frankly even if we did cut off all of our oil imports, they act like OPEC would suddenly roll over and die because they are getting slightly less than $100 a barrel.<p>
They were fine with $10 a barrel just a few short years ago. <p>
How much a dent do they really think we can make?<p>
_<p>
But then again it's an emotional argument, not a rational one.</p></p></p></p></p></p></a></br></a></br></p></a></br></p></p></strong></p>
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            <title>Comment #2 by GRLCowan</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Thu, 03 Jan 2008 04:22:47 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/2</guid>
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				<p><strong>Building a road and/or a subdivision<p>means allowing new income to be created, and that means a new income tax revenue stream comes into being.<p>
It also means new fossil fuel tax revenue from fuelling the vehicles that will run on that road, and new natural gas tax revenue from the gas distribution network that always instantly vasculates -- I don't think that's quite the word. Vascularizes? -- new subdivisions.<p>
It is pernicious that so much of rule-makers' payoff from new roads and subdivisions depends on those developments' dependency on fossil fuels.<p>
Ideally that fossil fuel revenue would not exceed what the government might earn on other means by which the citizens might propel the vehicles and have fires in the buildings.<p>
We are far from that ideal now, but if fossil fuel prices stay high, perhaps government, eager not to choke off the income tax revenue stream, will perceive that it must take less from fossil fuel users, or perhaps even begin to subsidize them.<p>
The instant fossil fuels begin to be subsidized, governments' effectiveness at inducing people to conserve them and substitute for them will undergo a step change from minus to plus.<p>
Instantly it will begin effectively enforcing speed limits. Instantly it will find ways new nuclear plant construction can begin ~40 months in advance of the ~42-month approval process. Instantly it will learn to take the initiative in seeking out householders who would not, without help, insulate their leaky old houses: the day such a householder agrees to have this done, he will see people with tools doing it.<p>
Several more things can be done -- including, of course, powerplants making boron for cars, and cars that can use it -- and when government no longer profits by preventing them from being done, many or all of them will take off.<p>
<a href="http://www.eagle.ca/~gcowan/boron_blast.html" rel="nofollow">How shall the car gain nuclear cachet?</a></p></p></p></p></p></p></p></p></p></strong></p>
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				<p><strong>Building a road and/or a subdivision<p>means allowing new income to be created, and that means a new income tax revenue stream comes into being.<p>
It also means new fossil fuel tax revenue from fuelling the vehicles that will run on that road, and new natural gas tax revenue from the gas distribution network that always instantly vasculates -- I don't think that's quite the word. Vascularizes? -- new subdivisions.<p>
It is pernicious that so much of rule-makers' payoff from new roads and subdivisions depends on those developments' dependency on fossil fuels.<p>
Ideally that fossil fuel revenue would not exceed what the government might earn on other means by which the citizens might propel the vehicles and have fires in the buildings.<p>
We are far from that ideal now, but if fossil fuel prices stay high, perhaps government, eager not to choke off the income tax revenue stream, will perceive that it must take less from fossil fuel users, or perhaps even begin to subsidize them.<p>
The instant fossil fuels begin to be subsidized, governments' effectiveness at inducing people to conserve them and substitute for them will undergo a step change from minus to plus.<p>
Instantly it will begin effectively enforcing speed limits. Instantly it will find ways new nuclear plant construction can begin ~40 months in advance of the ~42-month approval process. Instantly it will learn to take the initiative in seeking out householders who would not, without help, insulate their leaky old houses: the day such a householder agrees to have this done, he will see people with tools doing it.<p>
Several more things can be done -- including, of course, powerplants making boron for cars, and cars that can use it -- and when government no longer profits by preventing them from being done, many or all of them will take off.<p>
<a href="http://www.eagle.ca/~gcowan/boron_blast.html" rel="nofollow">How shall the car gain nuclear cachet?</a></p></p></p></p></p></p></p></p></p></strong></p>
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            <title>Comment #3 by GRLCowan</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Thu, 03 Jan 2008 04:24:43 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/3</guid>
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				<p><strong>Angiogenesis</strong></p><p>was the word I was trying to remember. I guess there isn't a verb. Angiogenerate sounds silly.</p>
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				<p><strong>Angiogenesis</strong></p><p>was the word I was trying to remember. I guess there isn't a verb. Angiogenerate sounds silly.</p>
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            <title>Comment #4 by Pangolin</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Thu, 03 Jan 2008 04:27:56 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/4</guid>
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				<p><strong>No Facts Allowed!<p>GrFlcn. &nbsp;Your persistant references to factual data are disruptive to the business of profiting off of a very real problem. <p>
Please stick with the program and make up your projections out of thin air like everyone else. <p>
The next thing you will be doing is pointing out that the reason there is climate change in the first place is that fossil fuels release more excess CO2 than the entire worlds ecosystem can absorb. I'm sure we can get more energy from limited patches of biofuels than current fossil fuels if we just twiddle the genes and feed the waste to cattle. You just multiply everything by the square root of negative one and the math comes out fine. <p>
On a real note the "cost" of oil in "dollars" is irrelevant as Ben Bernake can double the amount of dollars in circulation by yelling down the hall to the computer room. The cost of oil needs to be marked to the equivalent cost in solar or wind megawatts installed. Given a marker like that we would soon discover that oil is a lousy deal energy wise.<p>
I suck at that sort of math, help me out. 

<p><a href="http://putcarbonback.blogspot.com" rel="nofollow">Put  the Carbon Back</a></p></p></p></p></p></p></strong></p>
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				<p><strong>No Facts Allowed!<p>GrFlcn. &nbsp;Your persistant references to factual data are disruptive to the business of profiting off of a very real problem. <p>
Please stick with the program and make up your projections out of thin air like everyone else. <p>
The next thing you will be doing is pointing out that the reason there is climate change in the first place is that fossil fuels release more excess CO2 than the entire worlds ecosystem can absorb. I'm sure we can get more energy from limited patches of biofuels than current fossil fuels if we just twiddle the genes and feed the waste to cattle. You just multiply everything by the square root of negative one and the math comes out fine. <p>
On a real note the "cost" of oil in "dollars" is irrelevant as Ben Bernake can double the amount of dollars in circulation by yelling down the hall to the computer room. The cost of oil needs to be marked to the equivalent cost in solar or wind megawatts installed. Given a marker like that we would soon discover that oil is a lousy deal energy wise.<p>
I suck at that sort of math, help me out. 

<p><a href="http://putcarbonback.blogspot.com" rel="nofollow">Put  the Carbon Back</a></p></p></p></p></p></p></strong></p>
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            <title>Comment #5 by GreyFlcn</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Thu, 03 Jan 2008 05:32:05 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/5</guid>
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				<p><strong>Actually<p>The other scary thing to point out is<br>
Coal is Biomass.<p>
So creating a gigantic scaled up industry for converting raw biomass into liquid fuels is tantamount to creating the same infrastructure needed for Liquid Coal.<br>
<a href="http://greyfalcon.net/cellulosic" rel="nofollow">http://greyfalcon.net/cellulosic</a></br></p></br></p></strong></p>
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				<p><strong>Actually<p>The other scary thing to point out is<br>
Coal is Biomass.<p>
So creating a gigantic scaled up industry for converting raw biomass into liquid fuels is tantamount to creating the same infrastructure needed for Liquid Coal.<br>
<a href="http://greyfalcon.net/cellulosic" rel="nofollow">http://greyfalcon.net/cellulosic</a></br></p></br></p></strong></p>
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            <title>Comment #6 by Delay And Deny</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Thu, 03 Jan 2008 07:30:58 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/6</guid>
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				<p><strong>Toil and Trouble<p><br>
<a href="http://www.bloomberg.com/apps/news?pid=20602013&amp;sid=aQyeYXLvCD.4&amp;refer=commodity_futures" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20602013&amp;sid=a ...<p>
``Prices rocket up whenever you get negative news, but they don't go down by the same amount when there is positive news about supplies or the political situation,'' said Chip Hodge, a managing director at MFC Global Investment Management in Boston, who oversees a $4.5 billion energy company bond portfolio. ``The large number of investors turning to commodities as an asset class is certainly having an effect on prices.''<p>
Typical bubble behavior.

<p><b><a href="http://log.texeme.com" rel="nofollow">My Log</a></b></p></p></p></a></br></p></strong></p>
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				<p><strong>Toil and Trouble<p><br>
<a href="http://www.bloomberg.com/apps/news?pid=20602013&amp;sid=aQyeYXLvCD.4&amp;refer=commodity_futures" rel="nofollow">http://www.bloomberg.com/apps/news?pid=20602013&amp;sid=a ...<p>
``Prices rocket up whenever you get negative news, but they don't go down by the same amount when there is positive news about supplies or the political situation,'' said Chip Hodge, a managing director at MFC Global Investment Management in Boston, who oversees a $4.5 billion energy company bond portfolio. ``The large number of investors turning to commodities as an asset class is certainly having an effect on prices.''<p>
Typical bubble behavior.

<p><b><a href="http://log.texeme.com" rel="nofollow">My Log</a></b></p></p></p></a></br></p></strong></p>
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            <title>Comment #7 by odograph</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Thu, 03 Jan 2008 08:05:04 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/7</guid>
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				<p><strong>ethanol<p>Should the Speculist <a href="http://www.blog.speculist.com/archives/001599.html" rel="nofollow">believe me?</a></p></strong></p>
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				<p><strong>ethanol<p>Should the Speculist <a href="http://www.blog.speculist.com/archives/001599.html" rel="nofollow">believe me?</a></p></strong></p>
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            <title>Comment #8 by Tasermons Partner</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Thu, 03 Jan 2008 08:30:27 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/8</guid>
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				<p><strong>Decrease in dollar...</strong></p><p>...some of this has more to do with factors other than supply and demand. &nbsp;When the U.S. dollar weakens significantly in value (as it has been) many investors will go for oil, since it's seen as a safer bet durin' the dollar's decline.In other words, much of it is speculation.</p>
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				<p><strong>Decrease in dollar...</strong></p><p>...some of this has more to do with factors other than supply and demand. &nbsp;When the U.S. dollar weakens significantly in value (as it has been) many investors will go for oil, since it's seen as a safer bet durin' the dollar's decline.In other words, much of it is speculation.</p>
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            <title>Comment #9 by Biodiversivist</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Thu, 03 Jan 2008 15:31:02 -0800</pubDate>
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				<p><strong>Good one, Pangolin<p>If Grey would lay his links from end to end they would circle the globe. I'm just glad we usually see eye to eye. Nothing worse than being buried alive with sources and facts.

<p>In the end, it all comes down to biodiversity. <a href="http://www.poisondarts.net" rel="nofollow">Poison Darts--Protecting the biodiversity of our world</a></p></p></strong></p>
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				<p><strong>Good one, Pangolin<p>If Grey would lay his links from end to end they would circle the globe. I'm just glad we usually see eye to eye. Nothing worse than being buried alive with sources and facts.

<p>In the end, it all comes down to biodiversity. <a href="http://www.poisondarts.net" rel="nofollow">Poison Darts--Protecting the biodiversity of our world</a></p></p></strong></p>
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            <title>Comment #10 by EliRabett</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Sat, 05 Jan 2008 00:18:19 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/10</guid>
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				<p><strong>Actually</strong></p><p>Coal is dehydroginated biomass, with its entire heating value coming from carbon. &nbsp;Biomass and coal are very different things although coal may have started from biomass. &nbsp;To follow a similar path would hold that oil is plastics.</p>
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				<p><strong>Actually</strong></p><p>Coal is dehydroginated biomass, with its entire heating value coming from carbon. &nbsp;Biomass and coal are very different things although coal may have started from biomass. &nbsp;To follow a similar path would hold that oil is plastics.</p>
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            <title>Comment #11 by amazingdrx</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Sat, 05 Jan 2008 02:51:32 -0800</pubDate>
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				<p><strong>Coal versus biomass</strong></p><p>Coal is what is left of biomass after it has already had the byproducts of cO2, methane, and oil cooked out of it by heat and pressure over vast time periods.</p><p>
Producing all the energy with fossil fuel to make that happen quickly enough to be profitable, raises the GHG release manyfold, over simply burning coal, oil, or natural gas.</p><p>
Turning the coal back into oil releases 5 times the GHG of just burning the coal. &nbsp;This is happening right now in Montana on a huge scale thanks to the boosterism of the democratic green governor.</p><p>
Turning coal into biogas underground with bacteria is different. &nbsp;No additional energy is needed. &nbsp;That is the way to use coal and tar sand energy, as relatively clean natural gas. &nbsp;Leave the coal and tar mess underground where it has been for millenia.

<p>http://amazngdrx.blogharbor.com/blog</p></p>
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				<p><strong>Coal versus biomass</strong></p><p>Coal is what is left of biomass after it has already had the byproducts of cO2, methane, and oil cooked out of it by heat and pressure over vast time periods.</p><p>
Producing all the energy with fossil fuel to make that happen quickly enough to be profitable, raises the GHG release manyfold, over simply burning coal, oil, or natural gas.</p><p>
Turning the coal back into oil releases 5 times the GHG of just burning the coal. &nbsp;This is happening right now in Montana on a huge scale thanks to the boosterism of the democratic green governor.</p><p>
Turning coal into biogas underground with bacteria is different. &nbsp;No additional energy is needed. &nbsp;That is the way to use coal and tar sand energy, as relatively clean natural gas. &nbsp;Leave the coal and tar mess underground where it has been for millenia.

<p>http://amazngdrx.blogharbor.com/blog</p></p>
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            <title>Comment #12 by Ian Forrester</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Sat, 05 Jan 2008 03:06:56 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/12</guid>
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				<p><strong>Bacteria will not turn coal  into methane</strong></p><p>Both coal and tar sands bitumen are seriously lacking in hydrogen. Assuming you could find bacteria to do this is, where do you get the hydrogen from? If it works, which I very much doubt, why do it underground, surely it would be much more efficient (optimize conditions) on the surface?</p><p>
I think people are forgetting that coal contains a lot of methane adsorbed into its pore structure which gets released after mining and put into test tubes.</p><p>
As for the bitumen, there was a report recently that reseachers at the University of Calgary have found bacteria which turn bitumen into methane. Sadly, very little experimental details were released but I very much doubt that such processes are viable. </p><p>
There may be very low levels of microbially metabolizable compounds in the bitumen which could explain the low levels of methane observed. However, to expect large amounts of methane from such a process is dreaming in technicolour, IMO.</p>
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				<p><strong>Bacteria will not turn coal  into methane</strong></p><p>Both coal and tar sands bitumen are seriously lacking in hydrogen. Assuming you could find bacteria to do this is, where do you get the hydrogen from? If it works, which I very much doubt, why do it underground, surely it would be much more efficient (optimize conditions) on the surface?</p><p>
I think people are forgetting that coal contains a lot of methane adsorbed into its pore structure which gets released after mining and put into test tubes.</p><p>
As for the bitumen, there was a report recently that reseachers at the University of Calgary have found bacteria which turn bitumen into methane. Sadly, very little experimental details were released but I very much doubt that such processes are viable. </p><p>
There may be very low levels of microbially metabolizable compounds in the bitumen which could explain the low levels of methane observed. However, to expect large amounts of methane from such a process is dreaming in technicolour, IMO.</p>
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            <title>Comment #13 by amazingdrx</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Sat, 05 Jan 2008 04:27:59 -0800</pubDate>
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				<p><strong>Already been developed</strong></p><p>The bacteria have already been developed with selective breeding. &nbsp;No GMO needed. &nbsp;Just growing bacterial cultures in high heat and pressure environments. &nbsp;</p><p>
I'm not sure exactly the biochemistry involved, but I found the article about this research project on the net. &nbsp;

<p>http://amazngdrx.blogharbor.com/blog</p></p>
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				<p><strong>Already been developed</strong></p><p>The bacteria have already been developed with selective breeding. &nbsp;No GMO needed. &nbsp;Just growing bacterial cultures in high heat and pressure environments. &nbsp;</p><p>
I'm not sure exactly the biochemistry involved, but I found the article about this research project on the net. &nbsp;

<p>http://amazngdrx.blogharbor.com/blog</p></p>
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            <title>Comment #14 by amazingdrx</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Sat, 05 Jan 2008 04:34:05 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/14</guid>
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				<p><strong>Bacterial discovery<p><a href="http://www.futurepundit.com/archives/002743.html" rel="nofollow">http://www.futurepundit.com/archives/002743.html<p>
Nature's own DNA molecular engineering at work.

<p>http://amazngdrx.blogharbor.com/blog</p></p></a></p></strong></p>
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				<p><strong>Bacterial discovery<p><a href="http://www.futurepundit.com/archives/002743.html" rel="nofollow">http://www.futurepundit.com/archives/002743.html<p>
Nature's own DNA molecular engineering at work.

<p>http://amazngdrx.blogharbor.com/blog</p></p></a></p></strong></p>
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            <title>Comment #15 by Schoneveld</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Sat, 05 Jan 2008 05:21:40 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/15</guid>
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				<p><strong>Oil Shales and Tar Sands</strong></p><p>With an oil price of over100$/barrel the Orinoco (Venezuela) and Athabasca (Canada) tar sands (with technically recoverable oil reserves of some 500 billion barrels assuming a 10% recovery factor) are becoming more and more economically attractive. </p><p>
The same applies to oil shales (predominantly located in the US: Green River Formation) which are believed to contain double the amount of recoverable oil (some trillion barrels of oil). </p><p>
So the high oil price has helped to basically more than double the world's economically extractable reserves (from about one trillion barrels to 2.5 trillion barrels, which would represent some 100 years of current production).

<p>If you cannot place me in any box read my Bio.</p></p>
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				<p><strong>Oil Shales and Tar Sands</strong></p><p>With an oil price of over100$/barrel the Orinoco (Venezuela) and Athabasca (Canada) tar sands (with technically recoverable oil reserves of some 500 billion barrels assuming a 10% recovery factor) are becoming more and more economically attractive. </p><p>
The same applies to oil shales (predominantly located in the US: Green River Formation) which are believed to contain double the amount of recoverable oil (some trillion barrels of oil). </p><p>
So the high oil price has helped to basically more than double the world's economically extractable reserves (from about one trillion barrels to 2.5 trillion barrels, which would represent some 100 years of current production).

<p>If you cannot place me in any box read my Bio.</p></p>
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            <title>Comment #16 by MarkUK</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Sun, 06 Jan 2008 05:45:02 -0800</pubDate>
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				<p><strong>oil sands</strong></p><p>Unfortunately the problem is not how big the reserves are but how quickly we can produce oil... Oil sands require enormous investment, enormous amounts of water and enormous amounts of gas. Gas that is used as a supply of hydrogen! It would be funny if it wasn't so sad....</p>
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				<p><strong>oil sands</strong></p><p>Unfortunately the problem is not how big the reserves are but how quickly we can produce oil... Oil sands require enormous investment, enormous amounts of water and enormous amounts of gas. Gas that is used as a supply of hydrogen! It would be funny if it wasn't so sad....</p>
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            <title>Comment #17 by Colin Wright</title>
			<link>http://www.grist.org/article/one-hundred-dollar-oil/</link>
			<pubDate>Sun, 06 Jan 2008 16:27:46 -0800</pubDate>
			<guid isPermaLink="false">http://www.grist.org/article/one-hundred-dollar-oil/17</guid>
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				<p><strong>More on the oil sands...<p><a href="http://www.energybulletin.net/38716.html" rel="nofollow">Here is an update on the Alberta tar sands. Basically, production growth is limited by natural gas availability.Statistics Canada tells us that tar sands production "jumped" four thousand cubic metres per day in 2007 over 2006. A cubic metre = 6.28994 barrels, so the increase was from 1.132 to 1.157 million barrels per day, a growth rate of only 2.2%.<br>
A growth rate of 2.2% equates to a doubling of production in 70/2.2 = 35 years. So at this rate by about 2040 we could expect about 2 mbd. Now keep in mind that we can <a href="http://www.energywatchgroup.de/fileadmin/global/pdf/EWG_Oil_Exec_Summary_10-2007.pdf" rel="nofollow">expect  world oil production to drop by about 50 mbd by 2030, and you get some idea of the challenges ahead.<p>
Incidentally, <a href="http://www.truthout.org/docs_2006/010408G.shtml" rel="nofollow">here  is a French perspective on $100 oil. The first article hopes that expensive oil will bring more change to the environment than 30 years of environmentalism! The second article reminds of that it is the developing countries that are/will suffer the most:In 2005, at the G-8 summit, rich nations committed to reduce poor countries' debt by 50 billion dollars. Now, in 2006, the increase in the oil bill was already 10 times more than the debt reduction. Since, according to all forecasts, the world will have to live for a long time with expensive oil, it is urgent to envision not only transferring innovative technologies that will allow them to conserve energy to the poorest countries, but also supplying them with more financial aid. </a></p></a></br></a></p></strong></p>
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				<p><strong>More on the oil sands...<p><a href="http://www.energybulletin.net/38716.html" rel="nofollow">Here is an update on the Alberta tar sands. Basically, production growth is limited by natural gas availability.Statistics Canada tells us that tar sands production "jumped" four thousand cubic metres per day in 2007 over 2006. A cubic metre = 6.28994 barrels, so the increase was from 1.132 to 1.157 million barrels per day, a growth rate of only 2.2%.<br>
A growth rate of 2.2% equates to a doubling of production in 70/2.2 = 35 years. So at this rate by about 2040 we could expect about 2 mbd. Now keep in mind that we can <a href="http://www.energywatchgroup.de/fileadmin/global/pdf/EWG_Oil_Exec_Summary_10-2007.pdf" rel="nofollow">expect  world oil production to drop by about 50 mbd by 2030, and you get some idea of the challenges ahead.<p>
Incidentally, <a href="http://www.truthout.org/docs_2006/010408G.shtml" rel="nofollow">here  is a French perspective on $100 oil. The first article hopes that expensive oil will bring more change to the environment than 30 years of environmentalism! The second article reminds of that it is the developing countries that are/will suffer the most:In 2005, at the G-8 summit, rich nations committed to reduce poor countries' debt by 50 billion dollars. Now, in 2006, the increase in the oil bill was already 10 times more than the debt reduction. Since, according to all forecasts, the world will have to live for a long time with expensive oil, it is urgent to envision not only transferring innovative technologies that will allow them to conserve energy to the poorest countries, but also supplying them with more financial aid. </a></p></a></br></a></p></strong></p>
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