I think you should check out a company calles Ausra, aussie guy built this solar system next to a coal fired power plant in the hunter valley, got nothing from the fed gov for his research, now the rights have been brought by an american venture capitalist, they have since won the largest solar installation contract in the history of america.
Its a very simplistic system that uses a half dome of polished steel that tracdks the sun and focuses its rays on a pipe filled with water, its then converted into steam to drive turbines. The exciting part about is that this aussie guy has also worked out a way to store the heat and still be able to create power during the night.
There is hope for us yet, nuclear is not the way to go, to exspensive and to long to build the infrustructure, clean coal is 10 to 15 years behind. Clean energy is available now, we just needs some pollies to get off their twats and have a go!
I like the sound of the the Ausra Solar Thermal power plants, I had a look at there web site and think it's a great Idea, I like how they can store the thermal heat so they can kick start the turbines during peak times when they can obviously sell the electricity at a higher price, which conventional solar plants can't do because the peak time for electricity is usally at dusk or just after dark.
This kind of plant would be ideal for suppling electricity to remote communities rather than those diesel ones they use now, I wish I could invest in this company.
My family owns a large amount of land outside brisbane,…. I would love to build one of these plants on it one day.
Tysonboss1 wrote:shane.barry28876 wrote:I think oil has been over rated lately – wind power is the way!Wind will be a valuable part of the energy mix,…. But will never provide large scale base load power,
Our best bet for this is Geothermal and Clean coal and possibly nuclear,….. But I think if there is going to be the predicted massive growth in Nuclear power we will probaly find the the Uranium indusrty will increase 10 fold and will peak rapidly also,
I think he's talking about a different kind of wind, based on his last lot of posts
OIL over $130,….
I think the Peak oil theory is starting to hit home now,…
Here are some good links for you to watch, you really need to understand that cheap energy has come to an end and this is but the tip of the iceberg, as you can see at the start of this thread oil was just about to reach $90 Per barrel. You ain't seen nothing yet. I recommend this site for great information http://www.latoc.com and check this video out on the ABC http://www.abc.net.au/science/crude/
I was interested in this report. What do the other analyists on this site have to say about this. Is he real?
Jon Chown wrote:I was interested in this report. What do the other analyists on this site have to say about this. Is he real?This Gentlemen i am afraid to say is grabbing at straws. Tars sands.Hmm let me think. At maximum production and at best, the greatest result possible would be 4.9 million barrels a day. One barrel of energy required to process the tar would return around 1.2 barrels this would then mean around 1 million barrels per day going to market. Not to mention 2 barrels of water for the processing for every barrel.
The reality is this, the largest oil field ever found is called Ghawar in the Middle East, its was discovered in 1947, and has never been topped. The reality that must be dealt with is not an economical/financial challenge, it is a geological one. We use 86 million barrels of crude per day, that's over 1 Billion barrels every 12 days. We now have 2.7 billion Chindians that our now becoming affluent, we all now how this is going don't we? America makes up for 6% of the worlds population and consume 20% of the worlds reserves, they peaked in local production in 1971, Australia peaked in 2001, Britain peaked in 1999, Mexico in decline and Russia with only Saudi keeping pace and war torn Nigeria.
The light sweet easy to extract oil is gone, now its down to the dirty hard to find goo.
You do the research, do the math, the links are there to find the truth and that guy on Youtube is talking through you kno what.
Have a listen to Matt Simmons http://youtube.com/watch?v=4IwtAQzrfiw interview from last year when oil was at $80 and why was oil at $9 a barrel in 1999 and now $135? Speculation? Can we say the same about gold? Property etc? This is a finite resource with growing numbers of consumers.
Do yourself a favour my friends, dont put your heads in the sand on this one, there is a way to make large gains in property, you only have to look toward the future to get the jump.
Please read away, http://www.lifeaftertheoilcrash.net/
Also, listen to a Billionaire ex oil man, he must know a thing or two?
T. Boone Pickens: we peaked last year, globally.
ormeau wrote:Just wondering if any of the investors out there are preparing for peak oil? You may be aware that it has broken records yet again and could be as high as $90US P/B by XmasWhat do you think the ramifications would be to our economy locally and globally when it reach's $200 US P/B in the next 3 to 5 years?
Cheers,
Graham
So there is my original post back in September, now we are looking at $150 Per Barrel. See a problem here?
Not necessarily a problem, just a major shift in technologies and economies… and that could be an opportunity for those who see it coming. Indeed, cheap and easy crude is gone and is being replaced by LNG, oil sands, oil shale, gas to liquids, coal to liquids, 2nd generation biofuels and other renewables. There are huge amounts of oil sands, oil shale and especially coal out there and there are still large oil & gas deposits out which we are only now developping due to lack of technology and economic incentive until now.
Don't support any doomsday peak oil scenarios, a big change? Yes… will it change our society? Sure just like the changing demographics do and the growth of emerging markets and everything else.
I read a book a while back. I think it was titled "The end of oil". Quite simply, it talked about the switch from firewood from the Middle Ages, to coal in the Industrial Age, to oil now. Each time as there is a switch from one type of fuel to the next more efficient fuel, it causes great disruption in local economies; and the switch took decades.
Yes… crude oil prices will keep rising, and this will cause people to switch to other sources of energy. I agree with Erik. There will be a shift, and we are in the process of that switch, starting with the more developed economies (eg: USA, Australia, Japan) and then years later in the newly developed countries (South Korea, Singapore, Taiwan) and then many more years later in the now developing economies (India, China, Brazil).
Daniel Lee
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