Re: This black pearl that we call Oil ...

Maybe JFK doesn't know that today Canada has no schools of petroleum
enginerin.I was one of the last professors in a school granting that degree.
Today Petroleum is an option in Civil Engineering (at the Universioty of
Alberta). In the Univerity of Calgary Petroleum is also an option.

T.Schmidt
P.S. In the USA a similar trend has been going on since years ago. I may be
one of the last persons in the World to get a PhD in Gas Engineering (I was
number 17 and maybe two or three followed). Compare with the number of
Chemical, Mechanical, Aerospace Engineers, etc.
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"JATorres" <jatorres@xxxxxxx> wrote in message
news:GIqjg.1547$s84.405@xxxxxxxxxxx
JFK, useless (Having no beneficial use or incapable of functioning
usefully) As you may know...
/jat

JFK wrote:
What do you mean by useles?


T.Schmidt wrote:
There is no lack of energy, everything that has mass is energy, E =
mc^2.

The problem is energy conversion; *** politicians and petroleum
engineers are useles in this area. We need more scientists, I mean,
more
intelligent people, Germans maybe.

T.Schmidt
P.S. Where is the E=mc^2 in petroleum utilization? You should know.
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"JFK" <jonathan@xxxxxxxx> wrote in message
news:1150166380.452084.156380@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The HL model says Saudi Arabia is 58 percent depleted and the world is
48 percent depleted. This is close to where Texas and the lower 48
peaked and started irreversible declines in production. Based on the
HL
method and historical models, I believe Saudi Arabia and the world are
now on the verge of irreversible declines in conventional oil
production.

Two legendary Texas billionaires, Boone Pickens and Richard Rainwater
- who share a remarkable ability to profitably predict future trends
- have looked at exactly the same regional and world data plots that
I have looked at, and they have reached exactly the same conclusion:
that the world has used about half of its conventional crude oil
reserves. Both Mr. Pickens and Mr. Rainwater have tried to warn us
about the challenges we will face as a result of declining
conventional
oil production.

What about unconventional sources of oil? Unconventional reserves are
large but can be produced only slowly because of high capital and
energy costs per barrel of production. In recent years, new tar sands
production has balanced declines in conventional Canadian oil
production, with no net increase for exports.

There will be massive efforts with unconventional oil, such as the tar
and heavy oil deposits in Venezuela. However, I predict that
unconventional sources of oil will only slow - and not reverse -
the decline in total world production because of the time and energy
needed to expand production of these "oils."

http://www.evworld.com/view.cfm?section=communique&newsid=12175




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