rollerboy said:
All the hand wringing and useless finger pointing in the world can't change the outcome. The use by the Left of this issue for self-gain has forestalled effective action by decades.
CO2 emissions from oil and gas will cease, because we're rapidly exhausting the supply. We'll be sucking every last drop of it through a straw in sixty years.
It'll be a lot sooner than that.
Yes, there are known reserves that when added together at our current rate of use give us 60 years of oil.
No, these reserves will not all be available to us.
There are a number of places that these reserves are allocated or will probably go.
1. The Chinese. Look for the Chinese to continue to use as much OPEC oil as they can get while preserving their own for military use. The Chinese were not historically a large consumer of oil, they are now and they can add to. Look also for a Chinese military action to ensure supply from Siberia and the 'stans that were part of the old USSR.
2. The USA. The US has dedicated military reserves. The current President has stupidly made some of those reserves available to try to control prices. That will stop. Probably in 2007 as the Democrats control the Congress. If not then, certainly in 2009 as the Democrats control the Executive. The Democrats will not be overly concerned if a few people cease to be able to drive their Hummers.
3. Loss of reserves due to war. The Arabian oil is vulnerable to deliberate attack and the political situation both internally and externally is going to lead to the loss of much of the remaining oil.
4. Loss of reserves due to politics. Many of the countries that control untapped known reserves are not going to make it available for us to waste.
We are going to be forced to use our vast Coal reserves inside of the next 15 years. If you think that oil pollutes, check out the eastern seaboard now. That level of pollution is going to be common. Coal also releases more radioactive pollution than a neuclear power plant. Oil is clean compared to Coal.
It would be wonderful if it looked like we had the ability to develop space based power collection. Unfortunatly we pissed that away 30 years ago. In the 70s we had the ability and the technology to get enough up there to accomplish space based power collection. We now have political accords that prohibit the structures necessary and we don't have the technology to even make a return visit to the moon.
The reason that we are at this point is that our democratic free enterprise system is only concerned with the bottom line at reporting time. We can't look forward because the investors would remove their money from a company that isn't focused on immediate profit.
Our money pool is controlled by our Pension Plans. Be it RRSPs, Mutual Funds, Corporate or Union Pension Plans; the necessity is cash flow now to cover the current benefits and the anticipated benefits that will be paid. This does not allow for a defferal of profit for the good of the planet.
Even with this attitude, many Pension Plans are not going to be able to meet their commitments. This is going to stop any allocations of money that aren't being delivered to, now needy, pensioners who thought that their money was safe. These people are a huge block of votes and they are going to vote to eat and not for the good of the planet.