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	<title>Comments on: Science/IEA:  World oil crunch looming?  Not if we can find six Saudi Arabias!</title>
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	<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/</link>
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		<title>By: paulm</title>
		<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22872</link>
		<dc:creator>paulm</dc:creator>
		<pubDate>Mon, 24 Nov 2008 21:19:18 +0000</pubDate>
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		<description>David, I was expecting it to fluctuate around 350 before settling :)</description>
		<content:encoded><![CDATA[<p>David, I was expecting it to fluctuate around 350 before settling <img src='http://climateprogress.org/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: David B. Benson</title>
		<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22871</link>
		<dc:creator>David B. Benson</dc:creator>
		<pubDate>Mon, 24 Nov 2008 20:50:45 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22871</guid>
		<description>paulm --- Since we are now at 386 ppm, we sure arn&#039;t going to stabilize at 350 ppm.

Maybe 450 ppm, maybe 550 ppm.  :-(</description>
		<content:encoded><![CDATA[<p>paulm &#8212; Since we are now at 386 ppm, we sure arn&#8217;t going to stabilize at 350 ppm.</p>
<p>Maybe 450 ppm, maybe 550 ppm.  <img src='http://climateprogress.org/wp-includes/images/smilies/icon_sad.gif' alt=':-(' class='wp-smiley' /> </p>
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		<title>By: Scatter</title>
		<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22867</link>
		<dc:creator>Scatter</dc:creator>
		<pubDate>Mon, 24 Nov 2008 19:48:49 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22867</guid>
		<description>Joe you seen this report?

http://peakoil.solarcentury.com/wp-content/uploads/2008/10/oil-report-final.pdf

It has an interesting analysis of future production from Chris Skrebowski and a response from Shell.</description>
		<content:encoded><![CDATA[<p>Joe you seen this report?</p>
<p><a href="http://peakoil.solarcentury.com/wp-content/uploads/2008/10/oil-report-final.pdf" rel="nofollow">http://peakoil.solarcentury.com/<span style="font-size: 1px;"> </span>wp-content/<span style="font-size: 1px;"> </span>uploads/<span style="font-size: 1px;"> </span>2008/<span style="font-size: 1px;"> </span>10/<span style="font-size: 1px;"> </span>oil-report-final.pdf</a></p>
<p>It has an interesting analysis of future production from Chris Skrebowski and a response from Shell.</p>
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		<title>By: paulm</title>
		<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22863</link>
		<dc:creator>paulm</dc:creator>
		<pubDate>Mon, 24 Nov 2008 18:54:39 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22863</guid>
		<description>Here&#039;s the real truth about stabilizing at 350 ppm - we aren&#039;t going to do it with the current mind set...

&lt;blockquote&gt;

&lt;b&gt;Coal&#039;s return raises pollution threat&lt;/b&gt;
Rising prices are spurring plans for a big increase in mining despite a threat to climate change goals
http://www.guardian.co.uk/environment/2008/nov/23/fossil-fuels-pollution

&lt;i&gt;&lt;b&gt;Britain&lt;/b&gt; is poised to expand its coal mining industry, despite fears that the move will lead to a rise in climate change emissions and harm communities and the environment.

&lt;i&gt;
Freedom of information requests and council records show that in the past 18 months 14 companies have applied to dig nearly 60 million tonnes of coal from 58 new or enlarged opencast mines. At least six coal-fired power stations are planned. If all the applications are approved, the fastest expansion of UK coal mining in 40 years could see southern Scotland and Northumberland become two of the most heavily mined regions in Europe.&lt;/i&gt;

&lt;/blockquote&gt;</description>
		<content:encoded><![CDATA[<p>Here&#8217;s the real truth about stabilizing at 350 ppm &#8211; we aren&#8217;t going to do it with the current mind set&#8230;</p>
<blockquote>
<p><b>Coal&#8217;s return raises pollution threat</b><br />
Rising prices are spurring plans for a big increase in mining despite a threat to climate change goals<br />
<a href="http://www.guardian.co.uk/environment/2008/nov/23/fossil-fuels-pollution" rel="nofollow">http://www.guardian.co.uk/<span style="font-size: 1px;"> </span>environment/<span style="font-size: 1px;"> </span>2008/<span style="font-size: 1px;"> </span>nov/<span style="font-size: 1px;"> </span>23/<span style="font-size: 1px;"> </span>fossil-fuels-pollution</a></p>
<p><i><b>Britain</b> is poised to expand its coal mining industry, despite fears that the move will lead to a rise in climate change emissions and harm communities and the environment.</p>
<p></i><i><br />
Freedom of information requests and council records show that in the past 18 months 14 companies have applied to dig nearly 60 million tonnes of coal from 58 new or enlarged opencast mines. At least six coal-fired power stations are planned. If all the applications are approved, the fastest expansion of UK coal mining in 40 years could see southern Scotland and Northumberland become two of the most heavily mined regions in Europe.</i></p>
</blockquote>
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		<title>By: paulm</title>
		<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22862</link>
		<dc:creator>paulm</dc:creator>
		<pubDate>Mon, 24 Nov 2008 18:31:12 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22862</guid>
		<description>Tar sands are toast.

&lt;blockquote&gt;
&lt;b&gt;Secret advice to politicians: oilsands emissions hard to scrub&lt;/b&gt;
Briefing document is pessimistic on carbon storage and capture
http://www.cbc.ca/canada/story/2008/11/24/sands-trap.html

&quot;...The Canadian and Alberta governments are spending about $2.5 billion on developing carbon capture and storage, and the oilsands generally come up as the first reason for spending the money...&quot;
&lt;/blockquote&gt;</description>
		<content:encoded><![CDATA[<p>Tar sands are toast.</p>
<blockquote><p>
<b>Secret advice to politicians: oilsands emissions hard to scrub</b><br />
Briefing document is pessimistic on carbon storage and capture<br />
<a href="http://www.cbc.ca/canada/story/2008/11/24/sands-trap.html" rel="nofollow">http://www.cbc.ca/<span style="font-size: 1px;"> </span>canada/<span style="font-size: 1px;"> </span>story/<span style="font-size: 1px;"> </span>2008/<span style="font-size: 1px;"> </span>11/<span style="font-size: 1px;"> </span>24/<span style="font-size: 1px;"> </span>sands-trap.html</a></p>
<p>&#8220;&#8230;The Canadian and Alberta governments are spending about $2.5 billion on developing carbon capture and storage, and the oilsands generally come up as the first reason for spending the money&#8230;&#8221;
</p></blockquote>
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		<title>By: Linda S</title>
		<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22861</link>
		<dc:creator>Linda S</dc:creator>
		<pubDate>Mon, 24 Nov 2008 18:14:58 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22861</guid>
		<description>An interesting article based on an interview with Matt Simmons can be found at http://money.cnn.com/2008/09/15/news/economy/500dollaroil_okeefe.fortune/index.htm

To quote: In his typically analytical fashion, Simmons went hunting for data. He found it in the form of hundreds of technical papers submitted by Saudi oil geologists to the Society of Petroleum Engineers over the past 50 years. Simmons spent the month of August 2003 sitting on his porch in Maine and grinding his way through the minutiae of technical accounts of, for instance, reservoir pressure and water-cut percentages, trying to piece together the challenges that the Saudi geologists had encountered in managing their precious oilfields. In the end, his conclusion was clear. &quot;I finished reading the last paper on a Sunday afternoon,&quot; says Simmons, &quot;and I sat back and I thought, Holy crap, this is unbelievable. I&#039;ve just discovered the biggest energy illusion ever in the world. We&#039;re in big trouble. I&#039;m going to write a book.&quot; 

And so he did. But writing the book didn&#039;t exhaust his passion. Today he is more convinced than ever that we&#039;ve reached peak oil. If he&#039;s right, current world oil production- 86 million barrels a day- is about as high as we&#039;re going to go.  End quote.

So maybe the Saudis aren&#039;t upping production because they can&#039;t, not because they&#039;re waiting for higher prices.  And the problem with peak oil being an antidote to global warming is that, as Joe has pointed out, &quot;Only massive expansion of climate-destroying unconventional sources like the tar sands can stop a serious decline in non-OPEC oil.&quot;  Therefore, the problems of peak oil and global warming must be addressed as a single issue, not separately.

Keep up the good work, Joe -- someone has to tell it like it is!!</description>
		<content:encoded><![CDATA[<p>An interesting article based on an interview with Matt Simmons can be found at <a href="http://money.cnn.com/2008/09/15/news/economy/500dollaroil_okeefe.fortune/index.htm" rel="nofollow">http://money.cnn.com/<span style="font-size: 1px;"> </span>2008/<span style="font-size: 1px;"> </span>09/<span style="font-size: 1px;"> </span>15/<span style="font-size: 1px;"> </span>news/<span style="font-size: 1px;"> </span>economy/<span style="font-size: 1px;"> </span>500dollaroil_okeefe.fortune/<span style="font-size: 1px;"> </span>index.htm</a></p>
<p>To quote: In his typically analytical fashion, Simmons went hunting for data. He found it in the form of hundreds of technical papers submitted by Saudi oil geologists to the Society of Petroleum Engineers over the past 50 years. Simmons spent the month of August 2003 sitting on his porch in Maine and grinding his way through the minutiae of technical accounts of, for instance, reservoir pressure and water-cut percentages, trying to piece together the challenges that the Saudi geologists had encountered in managing their precious oilfields. In the end, his conclusion was clear. &#8220;I finished reading the last paper on a Sunday afternoon,&#8221; says Simmons, &#8220;and I sat back and I thought, Holy crap, this is unbelievable. I&#8217;ve just discovered the biggest energy illusion ever in the world. We&#8217;re in big trouble. I&#8217;m going to write a book.&#8221; </p>
<p>And so he did. But writing the book didn&#8217;t exhaust his passion. Today he is more convinced than ever that we&#8217;ve reached peak oil. If he&#8217;s right, current world oil production- 86 million barrels a day- is about as high as we&#8217;re going to go.  End quote.</p>
<p>So maybe the Saudis aren&#8217;t upping production because they can&#8217;t, not because they&#8217;re waiting for higher prices.  And the problem with peak oil being an antidote to global warming is that, as Joe has pointed out, &#8220;Only massive expansion of climate-destroying unconventional sources like the tar sands can stop a serious decline in non-OPEC oil.&#8221;  Therefore, the problems of peak oil and global warming must be addressed as a single issue, not separately.</p>
<p>Keep up the good work, Joe &#8212; someone has to tell it like it is!!</p>
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		<title>By: paulm</title>
		<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22858</link>
		<dc:creator>paulm</dc:creator>
		<pubDate>Mon, 24 Nov 2008 17:52:45 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22858</guid>
		<description>How can oil production flat line from 2004 and people say that it has not now peaked?

And by the way Saudi Arabia has much less oil than we think.</description>
		<content:encoded><![CDATA[<p>How can oil production flat line from 2004 and people say that it has not now peaked?</p>
<p>And by the way Saudi Arabia has much less oil than we think.</p>
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		<title>By: Joe</title>
		<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22854</link>
		<dc:creator>Joe</dc:creator>
		<pubDate>Mon, 24 Nov 2008 16:38:07 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22854</guid>
		<description>Alex:

You ARE confused.  It is the EIA  that has become more pessimistic recently.  The IEA has been pessimistic (i.e. realistic) for some time now.  But you and I are using the words differently I think.  By pessimistic I mean a realistic.  But let me cut to the chase if I wasn&#039;t clear.

There aren&#039;t another six Saudi Arabias -- except of course in our wasteful cars, buildings, factories, and lifestyles.  Unless this global recession turns into a long-term depression, we will be going back $150 a barrel oil in a few years.

Peak oil is indeed good for those who want action on warming -- indeed, if you read Hansen&#039;s analysis, he is essentially counting on peak oil.</description>
		<content:encoded><![CDATA[<p>Alex:</p>
<p>You ARE confused.  It is the EIA  that has become more pessimistic recently.  The IEA has been pessimistic (i.e. realistic) for some time now.  But you and I are using the words differently I think.  By pessimistic I mean a realistic.  But let me cut to the chase if I wasn&#8217;t clear.</p>
<p>There aren&#8217;t another six Saudi Arabias &#8212; except of course in our wasteful cars, buildings, factories, and lifestyles.  Unless this global recession turns into a long-term depression, we will be going back $150 a barrel oil in a few years.</p>
<p>Peak oil is indeed good for those who want action on warming &#8212; indeed, if you read Hansen&#8217;s analysis, he is essentially counting on peak oil.</p>
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		<title>By: alex</title>
		<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22853</link>
		<dc:creator>alex</dc:creator>
		<pubDate>Mon, 24 Nov 2008 16:19:55 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22853</guid>
		<description>Joe,

I&#039;m confused. I thought you wanted to drastically cut CO2, yet here you are describing the IEA as &#039;pessimistic&#039; for suggesting that peak oil is nigh. The worst possible outcome for climate change would be to find 6 new Saudis - it would drive down the price of oil and delay further the day of reckoning when we have to get serious about alternatives.

The recent hijacking of the Sirius Star bring it home. The world burns through the equivalent of 40 of these vast tankers of oil every day.</description>
		<content:encoded><![CDATA[<p>Joe,</p>
<p>I&#8217;m confused. I thought you wanted to drastically cut CO2, yet here you are describing the IEA as &#8216;pessimistic&#8217; for suggesting that peak oil is nigh. The worst possible outcome for climate change would be to find 6 new Saudis &#8211; it would drive down the price of oil and delay further the day of reckoning when we have to get serious about alternatives.</p>
<p>The recent hijacking of the Sirius Star bring it home. The world burns through the equivalent of 40 of these vast tankers of oil every day.</p>
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		<title>By: charlie</title>
		<link>http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22848</link>
		<dc:creator>charlie</dc:creator>
		<pubDate>Mon, 24 Nov 2008 15:37:52 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/11/24/scienceiea-world-oil-crunch-looming-not-if-we-can-find-six-saudi-arabias/#comment-22848</guid>
		<description>Joe, the IEA is always behind the curve.  $60 (or even $50) isn&#039;t cheap, in historical terms, and given how bad the economic outlook is we could be looking at that price for 10 years.  $60 oil also return pricing power to Gulf countries.

$60 oil also makes sure we don&#039;t invest in new oil projects (oil sands, offshore, etc).  I can&#039;t wait until the domestic oil companies come to DC asking for a bailout.

Has much been written about electric trucks?  I realize this is an urban bias, but whenever I see 20+ delivery trucks idling I wonder how much energy is being wasted.  Even an APU would be enough.  Or am I wrong in thinking that commercial transportation is a major user of gasoline?</description>
		<content:encoded><![CDATA[<p>Joe, the IEA is always behind the curve.  $60 (or even $50) isn&#8217;t cheap, in historical terms, and given how bad the economic outlook is we could be looking at that price for 10 years.  $60 oil also return pricing power to Gulf countries.</p>
<p>$60 oil also makes sure we don&#8217;t invest in new oil projects (oil sands, offshore, etc).  I can&#8217;t wait until the domestic oil companies come to DC asking for a bailout.</p>
<p>Has much been written about electric trucks?  I realize this is an urban bias, but whenever I see 20+ delivery trucks idling I wonder how much energy is being wasted.  Even an APU would be enough.  Or am I wrong in thinking that commercial transportation is a major user of gasoline?</p>
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