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Re: Oil price and environment - a positive » AuntieMel

Posted by gromit on August 18, 2005, at 0:01:30

In reply to Oil price and environment - a positive, posted by AuntieMel on July 28, 2005, at 10:15:20

Hi AM,

> I went to a talk yesterday where we were told that the demand for energy worldwide will increase by 55% (that is it will be 1.55 times more than now) by the year 2025. Or maybe it was 2015. Point is that with the population growth in developing countries energy demands will be high.

Surprisingly I think this approach is bass ackwards, 10 or especially 20 years of AGGRESSIVE research into alternative energy sources as well as more efficient ways of burning what we've got is the way to go. We need to use less not produce more. I think production would just be slowed to keep the prices high but I'm kind of cynical that way. I'm thinking overseas not domestic sources.

> One of the techniques is to pump CO2 into the ground to push more oil out of a declining field. This is good for the environment in two ways - it delays puching more holes in the ground - and (the big one) pushes CO2 down the hole - instead of into the air. CO2 is a main contributor to the greenhouse effect.

I think it's a great idea to get everything we can out of existing oil fields. I wonder where they would get the CO2 though, it seems like the cheapest way would be to make it themselves. But what do I know, I'm not a chemist and know very little about the oil business. I'm just pi**ed off that gas is nearing 3.00 a gallon here.


Rick


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