Peak Cheap Oil Update - Part I: The glass is half empty

[Roughneck]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

My plan would be to lease the eastern gulf,coastal california and the western shale deposits to provide funding for research. But I think Chris makes a very valid point.What is needed now is out of the box thinking but sadly the scientific community frowns on people who question the status quo.

[Chris Coles]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

How long is long term?

Good question. I want to start by answering in general rather than specifically about my own projects.

As I see it, the greatest problem we face today, and when I say we, I mean all of us, is the perception that the only way forward with investment is to take control from day one and get out by selling on ASAP. We all lose by that mechanism which centres investment on the idea of profit from speculated asset appreciation. That in turn drives everything we see as wrong about the FIRE economy.

My free book, The Road Ahead sets out strict rules for long term investment into new business. Read Chapter three. So in that case, long term is as long as the originator wants to remain in complete control of their enterprise. The investor has to recognise that, instead of investing for control and their short term gain, they are investing for the long term benefit of their local community and in which case, their long term return is dividend income from long term profits. Asset price does not come into it.

Turning to what I am trying to do, if, IF, the book succeeds, then the publishing company, that I own, becomes very valuable indeed. So a good chunk of the profits will go back into further research. But the research has to be completely independent. Not funded by donations from major companies that will only suppress the long term potential. Equally, I would be devastated if the gravity research became another military project dominated by such as what we can now see is absolutely dreadful CIA mentality. (Another reason for wanting to keep this here in the UK). So I want to keep the research completely independent and funded by public donation. That way, we can open the results and where we make discoveries, we can allow many to benefit without losing control of the long term development of the underlying subjects

So the research becomes a public charity. Everyone working within under the same sort of environment as any other, medical charity, for example.

The manufacture of the experiments is a publishing spin off. But, as time goes forward, inevitably, there will be a crossover between the research institute and the publishing arm.

[Chris Coles]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

My plan would be to lease the eastern gulf,coastal california and the western shale deposits to provide funding for research. But I think Chris makes a very valid point.What is needed now is out of the box thinking but sadly the scientific community frowns on people who question the status quo.

What are you suggesting? Is that the US government lease the land and use that income to fund energy research? Or that the owners of the land do so?

[Verdred]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

I like the discussion that has ensued (grass fed cows and all), but I MORE like the fact that, as far as iTulip is concerned Peak Cheap Oil isn't up for debate; Or to put it differently, the assumption is Peak Cheap Oil until proven otherwise (or technologies are scaled up, what-have-you). If I want discussion of PCO I can go to either ASPO or Oil Drum (though to be honest, it isn't debated much there either because PCO is now so dramatically apparent). The key advantage here is the merging of AN ASSUMPTION OF PCO and the (d)evolving Global Economy. With that, I move on to Part II. Thanks iTulip.

[*T*]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

Secondly, the problem today with oil production and exploration is more the problem of socialism.

Grapejelly, is there any problem you do not think is caused by too much socialism?

[*T*]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

My plan would be to lease the eastern gulf,coastal california and the western shale deposits to provide funding for research. But I think Chris makes a very valid point.What is needed now is out of the box thinking but sadly the scientific community frowns on people who question the status quo.

Whilst I agree with this sentiment, even solutions where the physics is quite well understood (fusion, solar, wave) are woefully underfunded. Rather than print money to support the banks, why did we not emply all those quants to do real science instead? (which is what most of them wanted to do in the first place).

[Roughneck]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

Chris, the oil in the eastern gulf is in federal waters. Much of the western shale deposits sit on federal lans as well. If we would use these resources and allocate the money for energy research it would buy us some time and give us some money to help solve the problem.

[rbarrie]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

I have read that the bakken oil formation in Canada & the US is a huge resource (between 400-500 Billion barrels) of light crude. I have attached some links:
http://www.canada.com/saskatoonstarp...5-17fb0c61cd61
http://www.cbc.ca/money/story/2008/0...on-bakken.html

Did any party at the conference touch on this play?

[metalman]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

in 2 yrs the peak cheap oil cycle will be as obvious as the old asset bubble cycle is today...

[metalman]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

I have read that the bakken oil formation in Canada & the US is a huge resource (between 400-500 Billion barrels) of light crude. I have attached some links:
http://www.canada.com/saskatoonstarp...5-17fb0c61cd61
http://www.cbc.ca/money/story/2008/0...on-bakken.html

Did any party at the conference touch on this play?

those stupid, lazy, drunken canucks... leaving all that free oil laying around...

[GRG55]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

those stupid, lazy, drunken canucks... leaving all that free oil laying around...

Bud Light? Not likely. Up here we drink...

http://www.youtube.com/watch?v=0XdLheUC7kA

and...

http://www.youtube.com/watch?v=bDTa1Abw7Lc

[Chris Coles]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

Many thanks GRG, made my day.

[LargoWinch]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

Thank you Chris for your detailed and enlightening replies. Please keep the community updated with your fascinating project!

I would like to read your book, "The Road Ahead", but I cannot find it on cyberspace. A quick Google-fu search leads to this, but this can't be...right? ;)

[LargoWinch]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

those stupid, lazy, drunken canucks... leaving all that free oil laying around...

Payback time. ;)

[Chris Coles]

Re: Peak Cheap Oil Update - Part I: The glass is half empty

Thank you Chris for your detailed and enlightening replies. Please keep the community updated with your fascinating project!

I would like to read your book, "The Road Ahead", but I cannot find it on cyberspace. A quick Google-fu search leads to this, but this can't be...right? ;)

Sorry about that Largo, I had shortened the title which reads in full: The Road Ahead from a Grass Roots Perspective. Try this link www.chriscoles.com/page3.html