Dave's Energy

Thursday, December 08, 2005

CERA's arument against "peak oil" requires natural gas...

http://www.finfacts.com/irelandbusinessnews/publish/article_10004190.shtml

So here we have CERA saying that guys like Matt Simmons and Tom Petrie are overstating their "peak oil" arguments in that they aren't accounting for new NGL and GTL based fuels that will add to our fuels mix. Here's the problem: The peak oil proponents never said there weren't OTHER ways to get energy or create fuels for our cars, they are merely pointing out that crude oil itself may be nearing its productive peak. Bringing in GTL and NGLs into the equation, both derived from natural gas, doesn't prove the peak oil guys wrong. As a matter of fact, I believe that is part of their thesis...that we need to look for new ways to derive energy from all hydrocarbon and non-hydrocarbon sources.

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