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212 comments on Dr James Hansen: Can We Still Avoid Dangerous Human-Made Climate Change?

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Valuethinker on November 22, 2006 - 1:56pm Permalink | Subthread | Parent | Comments top
Except this.

Oil demand has risen since then.  Inventories haven't fallen, as far as I am aware.

Prices have fallen.

If you have rising demand, and stable inventories, then supply has risen.

There is enough gas in Canada for tar sands needs, especially if you count in the Mackenzie Delta and Arctic gas reserves.  There might not be enough gas to keep Ontario's lights on, but there is enough gas for tar sands.

Totale is looking at building a nuclear reactor in the tar sands to supply steam.

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Khebab on November 22, 2006 - 3:07pm Permalink | Subthread | Parent | Comments top
Except this:

Luis is talking about conventional oil.

How long tar sands production/unconventional sources can keep up with a 4-5% decline rate in conventional oil production is the big question.

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LevinK on November 23, 2006 - 1:07pm Permalink | Subthread | Parent | Comments top
Hm. From the data I've looked at I got that feeling that we have both softening of demand (due to lagging adjustment to higher prices, US economy slowdown) and at least some additional supplies coming on line, adding in to the form of spare capacity. The price is still relatively high but is supported to a great extent by the market memory of what happens when you are out of spare capacity.

Sorry folks, but it looks  like basic supply and demand laws are functioning... and will be at least for the observable future.

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steverino on November 23, 2006 - 1:54pm Permalink | Subthread | Parent | Comments top
hmmm...so toronto has no lights, so that the u.s. can feed it's car-new-copia?..don't think so.
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Syntec on November 24, 2006 - 1:13pm Permalink | Subthread | Parent | Comments top
"There might not be enough gas to keep Ontario's lights on, but there is enough gas for tar sands."

LOL - I missed this gem.  

Please set the scene for us at the Empire Club as the PM of Canada attempts to explain to his audience that in order for tar sand ops to continue, they must freeze!

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