Facebook Question of the Month: Is “Peak Oil” for real?



July 02, 2011

Whether you’re looking for historic vehicle news, political updates, or just trying to keep up-to-date on what other HVA members are talking about, you’ll find it all on the HVA’s Facebook page. So click, connect, and while you’re there take a minute to answer our question of the month.

Oil is a finite, non-renewable resource. The theory of “Peak Oil” says that when roughly half the oil reserves are depleted that an inevitable decline in oil, and therefore gasoline, production will result. Believers in “Peak Oil” say this has grave social and economic implications for the entire world.

The HVA is wondering what you think:

Do you believe we’ll ever run out of oil?

To answer, head on over to HVA’s Facebook page. After you comment, click on the “like” button, and ask your friends to do the same.

To click and connect, check out www.facebook.com/HistoricVehicleAssociation 

Comments

  1. BRIAN HERNAN ROSWELL GA

    No, I don't think we will run out of oil. Firstly, we'll keep finding new sources of oil and with normal development and entrepreneurial spirit we will develop different and cost effective ways of propelling our vehicles ( as long as we keep the government out our way ). In due time the demand for oil will drop, as will the price and we'll have some healthy competitive wars over competing systems. Everybody wins and oil will become just another commodity just like carburetors that have outlived their normal useful lifespan.

  2. Dan Badeer United States

    There is a very interesting opposing theory. It's called the Abiotic theory on oil and its proponents claim there is an unlimited amount of oil, as I understand it. I'm no expert, but it certainly sounds interesting, and this theory has been around for a long time.

  3. Pete Krieger Delavan WI

    Yes,however I belive that we will be able to like make our own oils,lubes and gasoline.Costs may be quite high but as the tech develops the costs will come down.

  4. Michael Hosch Ms.

    We need to develop and use LED and florescent bulbs (manufactured in USA), Natural Gas Auto infrastructure, Electric Auto infrastructure, Solar infrastructure( each power station should have a solar array to supplement electrical output and home Solar cells(manufactured in USA) and use of other natural resources (ie Wind turbines, water turbines, ocean wave turbines, etc.). These solutions will be region specific and outside of nuclear fusion, there will most likley not be a single source to reduce our need for oil.

  5. Dave S. Olympia, WA

    No, I don't think we will ever run out. As the supply becomes smaller and smaller, the cost will continue to rise until it becomes economically not reasonable to purchase. This is simple supply & demand Economics 101. The machines with the biggest needs will continue to pay whatever the cost is to keep them going and pass on that cost to the consumer. Unfortunately however, the biggest users of oil (the normal American Joe) will continue spending their disposable income on whatever the cost is for gasoline at the time to get them to the mall. But, when that cost outstrips the benefits (for them), our culture will slowly and with pain, change.

  6. Dave S. Olympia, WA

    No, I don't think we will ever run out. As the supply becomes smaller and smaller, the cost will continue to rise until it becomes economically not reasonable to purchase. This is simple supply & demand Economics 101. The machines with the biggest needs will continue to pay whatever the cost is to keep them going and pass on that cost to the consumer. Unfortunately however, the biggest users of oil (the normal American Joe) will continue spending their disposable income on whatever the cost is for gasoline at the time to get them to the mall. But, when that cost outstrips the benefits (for them), our culture will slowly and with pain, change.

  7. RD WA State

    New technology allows for ever more extraction and oil field location. One technology dramatically reduces the cost and emissions, and increases the yield, from oil sands development. Another (flexible ceramic thermal cables) brings thermal in situ extraction of over 800 billion barrels of US shale to under $30/barrel. Oil men are finding many of the depleted fields are starting to fill up again from saturated rock flowing to the extraction zone. Eventually drop in bioreactors will be able to make all the right fuel we want, at an affordable price. 2012 - Vote out the progressives who hold back US energy policy and who want to de-develop America.

  8. Gorge We make similiar ones each year, but on a sellamr scale; for Hanukkah, instead of those little wax candles that come in a box, we have 9 tiny cups for the menorah. Those, some olive oil, and some floating wicks are all we need for a couple of hours of burning. I never thought about cooking oil acting as a fuel before we switched to those; I've thought about making other lamps with olive oil, but never get around to it. We do have a hurricane lamp sitting unused that might work....

    We make similiar ones each year, but on a sellamr scale; for Hanukkah, instead of those little wax candles that come in a box, we have 9 tiny cups for the menorah. Those, some olive oil, and some floating wicks are all we need for a couple of hours of burning. I never thought about cooking oil acting as a fuel before we switched to those; I've thought about making other lamps with olive oil, but never get around to it. We do have a hurricane lamp sitting unused that might work....