Hmmmm

Economic 'Hiroshima'

G'day all.

Had nothing much i wanted to say of late, but something a mate/mate's dad said a while ago, whilst i was getting a lift home from work, has been stuck in my head for a while (cheers to Matty)

Sometime in the near future...perhaps as soon (or late) as 2020, the world supply of crude oil will peak.."well why do i gave a shit" you say. Here's why.

Crude oil price is liked intristically with the economy - oil is used for so many things. Pharmaceuticals, plastics, fabrics..petrol (obviously) are but a few. Now, the peak is referred to as the time when exactly half the world's supply of crude oil is used up - and you would be thinking yes, so...wouldnt we have trillions of barrels left?
Truth is, we do! We started out with an estimated total of around 2 trillion barrels. As of 2003, we had used up 900 million.

But it isnt all peachy - once the wells are half empty, we'll have to go through an increasing amount of trouble to pump the last bit up. More energy means more price. You could Think of it like eating yogurt out of a tub. At first, you’ll have no trouble to bring out spoonfuls of yogurt , but after a while, you’ll carefully have to maneuver your spoon around along the sides and corners of the carton to bring the last bit out. In oil wells, it goes the same way.

Price is estimated to go up 1.5-3% each year after peak. Recently it has been estimated that the world consumption stands at 80 million barrels a day. Meanwhile oil demand is rising too. To fill in the gap, oil prices at the pump are estimated to inrease 5 to 6 fold by 2020. thats $200 US a barrel.

Bad time to be addicted to cheap oil...

The real problem is that alternative energy costs more energy (oil - since most electricity is generated by coal/oil fired power stations) than it can recuperate during it's entire lifetime of use! take wind energy. To build wind turbines, you’ll have to weld steel, drive all kinds of stuff and engineers around in trucks and cars, build factories and make thousands of components. In the end, it costs more energy (oil) to actually build a wind turbine, than a wind turbine will ever generate during its entire lifetime!

Headlines like these are just going to be more and more common as times go on.
http://www.falkland-malvinas.com/Detalle.asp?NUM=5551

Anyho, enough on how were all fucked.

I did this random test thing to see how much i knew about alcohol.

Bourbon Congratulations! You're 127 proof, with specific scores in beer (60) , wine (83), and liquor (104).

Screw all that namby-pamby chick stuff, you're going straight for the bottle and a shot glass! It'll take more than a few shots of Wild Turkey or 99 Bananas before you start seeing pink elephants. You know how to handle your alcohol, and yourself at parties.

My test tracked 4 variables How you compared to other people your age and gender: You scored higher than 69% on proof You scored higher than 82% on beer index You scored higher than 92% on wine index You scored higher than 97% on liquor index

Link: The Alcohol Knowledge Test written by hoppersplit on Ok Cupid

posted by Dave @ 4:42 PM