James
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Re:Peak Oil - 2007/08/19 04:47
phaedrus wrote:
Ironically, depending on which way the chips fall. Peaf oil may actually have a positive effect on global warming.
Option 1: Good Thing
If the rise in crude oil price leads to a shift to non-greenhouse emitting tech's.
Option 2: Little change or worse
If the rise in price simply leads to a higher use of greenhouse emitting tech's. eg swaping coal for oil.
Peak Oil is an interesting idea, and I have been looking at this for some time. There are two real theories wrapped in one. The first is the idea that cheap oil is running out from places like Saudi Arabia, Kuwait, etc. This is not saying that oil is running out.
There's also the idea that oil has reached or is about to reach its peak production. With the tar sands in Alberta and Venezuala that's not as likely as some seem to think.
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