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The W - Current Events & Politics - The Petroleum Age
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Grimis
Scrapple








Since: 11.7.02
From: MD

Since last post: 1088 days
Last activity: 885 days
#1 Posted on | Instant Rating: 7.29
Interesting commentary from a U. of Oklahoma prof. concerning the oil industry, relating to previous threads about energy policy:

Petroleum age is just beginning
By David Deming

It is hard to imagine how our grandparents and great-grandparents lived at the end of the 19th century. The United States was still largely a rural society, and the amenities we take for granted today were unknown then.

Most people lived on farms. Few Americans had running water, bathtubs, hot water, or flush toilets. Central heating, electricity and telephones were rare. There were no antibiotics. Infant mortality was high, and life expectancy was 30 years lower than it is today. For most people, educational opportunities were very limited. In 1890, only 5 percent of the eligible population attended high school.

In the year 1900, there were only about 8,000 automobiles in the entire country. Horseless carriages, like yachts, were a toy for the rich to enjoy. People knew there would never be enough gasoline to power a nation of automobiles because the output of the Pennsylvanian oil fields had been declining for years.

The seminal event that transformed the United States into an industrial and technological powerhouse occurred on the morning of Jan. 10, 1901, near Beaumont, Texas. A wildcat oil well on a location named Spindletop erupted into a geyser 100 feet high. It was the greatest oil well ever seen in the United States.

Over the next year, production from the Spindletop well equaled the production of 37,000 typical oil wells in the eastern U.S. Overnight, the price of oil dropped to 3 cents a barrel, recovering to 83 cents a barrel 21/2 years later. The cheap energy provided by abundant oil allowed the U.S. to transform itself from a rural, agrarian country into an urban, industrialized nation. Along the way, the prosperity of our society increased manyfold.

Petroleum continues to be the lifeblood of our technological civilization. Our entire way of life depends on the energy provided by the oil industry. Oil and natural gas are by far the most important energy sources for the world. Their combustion also generates far less pollution than the third most-relied-upon energy source coal.

The best news is that the age of petroleum has only just begun. For more than 80 years, geological estimates of the world's endowment of oil have risen faster than humanity can pump it out of the ground. In 1920, the U.S. Geological Survey estimated the total amount of oil remaining in the world amounted to only 20 billion barrels. By the year 2000, the estimate had grown to 3,000 billion barrels.

Geologists are continually forced to revise their estimates upward, because every year technological advances make it possible to draw upon petroleum resources whose extraction were once unthinkable. We can now drill wells up to 30,000 feet deep. The amount of oil that can be recovered from a single well has been enhanced by a technology that allows multiple horizontal shafts to be branched off from one vertical borehole. The ability to drill offshore in water depths of up to 9,000 feet has opened up the vast petroleum resources of the world's submerged continental margins.

The world also contains immense amounts of unconventional oil resources that we have not yet begun to tap. For example, tar sands found in Canada and South America contain 600 billion barrels of oil, enough to supply the U.S. with 84 years of oil at the current consumption rate. Worldwide, the amount of oil that can be extracted from oil shales could be as large as 14,000 billion barrels enough to supply the world for 500 years.

Oil is by far the cheapest, most abundant, and cleanest source of energy we have. Nearly every advantage we enjoy today can be traced back to the energy provided by the petroleum industry. Yet the men and women who make our civilization possible are too often treated as pariahs who are damaging the environment. This is a shame. The environmental impacts of petroleum exploration and production are virtually negligible in comparison to the benefits they provide.

We all want to preserve and protect the natural environment, but much of the modern environmental movement is based upon the myth of a primitive harmony with nature that has never existed. Life without oil and technology is a life that is short, dark and impoverished. Let us give thanks that we have been lifted out of darkness and poverty.

David Deming is an adjunct scholar with the National Center for Policy Analysis (NCPA) and associate professor of geology and geophysics at the University of Oklahoma.




"Each time I've met Huffington, I wondered if she was not somehow the long-lost daughter of Madame Nicolai Ceaucescu, or a genetic cross between Martha Stewart and Count Dracula. Had this Greek-born harpy lived in medieval times, she would have been sewn up in a bag with a rooster and two snakes and thrown into the nearest river."
-- Eric Margolis, Toronto Star
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spf
Scrapple








Since: 2.1.02
From: The Las Vegas of Canada

Since last post: 7 days
Last activity: 11 hours
AIM:  
#2 Posted on
Would it be wrong of me to be just as suspect of anything coming from the NCPA as you would be if I were posting something from Greenpeace? I'm sorry, but when you advertise a weekly column from Pete (Dammit your name's Pierre!) DuPont on the main page, you lost me from the get go.

I did like the article on how we save 1 life for every 80,000 traffic tickets, and would be happy to cross the aisle to work with them on that issue ;)



She was worth 800 miles driving to see her play - Brenda Weiler

blogforamerica.com
Grimis
Scrapple








Since: 11.7.02
From: MD

Since last post: 1088 days
Last activity: 885 days
#3 Posted on | Instant Rating: 7.29

    Originally posted by spf2119
    Would it be wrong of me to be just as suspect of anything coming from the NCPA as you would be if I were posting something from Greenpeace?

No, not particularly.



"Each time I've met Huffington, I wondered if she was not somehow the long-lost daughter of Madame Nicolai Ceaucescu, or a genetic cross between Martha Stewart and Count Dracula. Had this Greek-born harpy lived in medieval times, she would have been sewn up in a bag with a rooster and two snakes and thrown into the nearest river."
-- Eric Margolis, Toronto Star
-proletarian-
Chipolata








Since: 29.4.03

Since last post: 3875 days
Last activity: 3874 days
#4 Posted on
Hydrogen fuel cells will be powering our cars in the next 20-30 years anyways.....

Zeruel
Thirty Millionth Hit
Moderator








Since: 2.1.02
From: The Silver Spring in the Land of Mary.

Since last post: 4 days
Last activity: 4 hours
#5 Posted on | Instant Rating: 4.05

    Originally posted by -proletarian-
    Hydrogen fuel cells will be powering our cars in the next 20-30 years anyways.....




Bah, back in the 50s, they said we'd be traffic-free with our flying cars.

Where's Lewis Black when you need him.




Almost finished my 2002-2003 College Football raitings. Watch this space!!!

MoeGates
Andouille








Since: 6.1.02
From: Brooklyn, NY

Since last post: 2 days
Last activity: 1 day
#6 Posted on | Instant Rating: 6.28
Jesus, imagine if over the last 100 years we'd put the energy (so to speak) into finding new technologies to harness solar power instead of to drill for and process oil. It's not like the oil is just lying there for the taking and the freaking SUN isn't.



"I'm sorry, I didn't think I was going to talk about 'man on dog' with a United States Senator. It's sort of freaking me out."


Associated Press interview with Senator Rick Santorum (R-PA), 04-07-2003.
Zeruel
Thirty Millionth Hit
Moderator








Since: 2.1.02
From: The Silver Spring in the Land of Mary.

Since last post: 4 days
Last activity: 4 hours
#7 Posted on | Instant Rating: 4.05

    Originally posted by MoeGates
    Jesus, imagine if over the last 100 years we'd put the energy (so to speak) into finding new technologies to harness solar power instead of to drill for and process oil. It's not like the oil is just lying there for the taking and the freaking SUN isn't.


Except when it is raining. Like every day. This year.

Call me a hippy, but I think more Sun/Wind farms could help our really odd power grids.




Almost finished my 2002-2003 College Football raitings. Watch this space!!!

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You're comfortable with your use of the word "could" in this instance? Actually, I dare say YOU are but then you're probably OK with your use of the word "perceptive" there too.
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