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Peak Oil

Discussion in 'Energy, Environment, and Policy' started by tonybelding, Sep 17, 2007.

  1. TEG

    TEG TMC Moderator

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    Yeah, not only do they have a lot of oil, they have a lot of sunshine and empty land too...
     
  2. dsm363

    dsm363 Roadster + Sig Model S

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    Very smart on their part. Why waste your most precious resource on yourself when you can sell it?

    How much oil do they actually use for electricity generation though?
     
  3. dpeilow

    dpeilow Moderator

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    <cynic>Then they'll use it to make hydrogen and sell that to us too</cynic>
     
  4. jaanton

    jaanton Roadster NA #1026

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    I've been wondering if there wouldn't be an interesting relationship between peek oil and refinery investment. A refinery is a major capital object which needs decades to operate. Margins are thin and probably just going to get thinner. I keep reading about refineries being sold off even while the U.S. is exporting more refined products. Who would build a refinery when oil will not be affordable in a few years? U.S. consumption is down, but will it stay that way? Is smart money dumping refineries?
     
  5. TEG

    TEG TMC Moderator

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    #65 TEG, Oct 16, 2012
    Last edited: Oct 16, 2012
    A casual search suggests that politics will find a way to keep refining profitable. From offering use of federal land, to shortened depreciation schedules.

    BTW:
    Crack spread - Wikipedia, the free encyclopedia

    The Crack Spread: Theoretical Oil Margins Near 2-Year Highs - Seeking Alpha

    Going For Profits Off The 'Crack Spread' - Seeking Alpha
    saupload_crackspreadchart2.jpg

    http://www.dundee.ac.uk/cepmlp/car/html/CAR10_ARTICLE34.PDF
     
  6. Robert.Boston

    Robert.Boston Model S VIN P01536

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    "Crack spread" is a great double-entendre -- reminds us of our "addiction to oil."
     
  7. vfx

    vfx Well-Known Member

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    JP wrote 18 Oct, 02:40 PM :




    ....whoops...
     
  8. AnOutsider

    AnOutsider S532 # XS27

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  9. brianman

    brianman Burrito Founder

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    Nitpicker's corner: This is the first time I've seen "several" used for "3".
     
  10. dflye

    dflye S Sig Perf 414, VIN 814

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    xkcd: Words for Small Sets

    words_for_small_sets.png
     

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