Read that quote again! it was attributed to Sheikh of Dubai, a country which has squandered its oil wealth on a number of high-rise buildings and tourism and is already an overall net-importer of energy.No way, his great grandson will drive an even bigger Mercedes!
Why? Because scarcity pushes up prices and profits.
Clearly the Sheikh is not a very perceptive man.
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Of course. Which lead me logically (if selfishly) to the thought that If you are on the Titanic, why go second class?The human race will die out on this planet ultimately, the cause and when it happens just isn't known yet.
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As Henry Ford said, "History is bunkum".A useful page for those wanting to get an idea of where we are:
The Oil Drum | Is Peak Oil Real? A List of Countries Past Peak
Unfortunately, Henry was an ass. I'd look long and hard for a source of a quote before I chose him. A thoroughly unpleasant piece of work, indeed.As Henry Ford said, "History is bunkum".
And harder and harder to extract.More relevant is the very much longer list of all the possible locations where oil is likely to exist.
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Sure it will be expensive, but we already know drivers will sell their kids before they give up their car (well almost ).And harder and harder to extract.
I thought that, when I saw he was being quoted! In treating people simply as a resource to be made more efficient, and deliberately de-skilling the production process, Ford is arguably the inventor of modern capitalist drudgery.Unfortunately, Henry was an ass. I'd look long and hard for a source of a quote before I chose him. A thoroughly unpleasant piece of work, indeed.
I thought that was the VictoriansFord is arguably the inventor of modern capitalist drudgery.
I hope you are right, otherwise it is going to get very uglyAs Henry Ford said, "History is bunkum".
More relevant is the very much longer list of all the possible locations where oil is likely to exist.
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I'm afraid it will eventually anyway.I hope you are right, otherwise it is going to get very ugly
Of course, even the smallest resources are used before going on to more difficult to access resources, That's why we even have tiny on-land recovery sites like Wytch Farm in Dorset. It's not in any way a measure of what is to come. All these negatives repeat what has been said in the past and proved wrong time after time.Just to put all these other 'discoveries' and 'yet to be discovered' into perspective, BP has anounced its bidding o develop deepwater oil projects off Greenland. Wood Mackenzie has said there is a possible 20 billion barrels of oil there. given we use 85 million barrels a day that equates to 12 days global usage!
Plus don't forget our global economy needs a never ending supply of cheap energy and you can see where we are all heading!
That's a little sweeping, Flecc.He realised as I always have that first, people do not learn from history, and second, history is not an indicator of the future. Those make it useless bunkum.