The Oil Drum

287 comments on DrumBeat: May 8, 2008

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PaulusP on May 8, 2008 - 10:25am

Both your replies don't show. At least not now

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DaveMart on May 8, 2008 - 10:27am

'Awaiting moderation'

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PaulusP on May 8, 2008 - 10:53am

I posted this: "Oil is a finite resource. Despite large reserves, more important is how fast you can get it pumped out of the ground. Presently we burn 1000 barrels, or 159,000 liters. Per second, that is. Totalling approximately 85 million barrels of oil each day, or 30 billion barrels of oil a year. People should see the recent Brasilian find of possibly 33 billion barrels in this perspective.

Sometime, something, somewhere has got to give. That thing is called Peak Oil. This occured in the US around 1970. Worldwide Peak Oil is probably around now."

I wonder how long w'll be waiting for moderation. The more of us posting there, the harder pressed they will be to post these. I can already smell the panic on their end ;-)

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DaveMart on May 8, 2008 - 11:04am

They say they may not post all comments.
Part of the reason I posted was that I saw the guy on the TV, and he said that he personally would try to read all comments.
He is solid that oil is likely to hit $200, but I am not sure that he is peak aware, so thought it worthwhile to try to communicate.
You point of flow rate you make is the other one I was desperate to squeeze in, but if the post is too ling they won't read it, so i left it out - great that you have covered it.
Hopefully West Texas and others will chime in - I referenced him - hope he doesn't mind