Beelbeebub Posted Tuesday at 23:46 Author Posted Tuesday at 23:46 (edited) 3 hours ago, Mattg4321 said: I don't agree with that analysis. I'm not an expert, but I do have some experience in the oil and gas sector. UK oil and gas production and to an even greater extent, exploration, has pretty much been taxed and regulated out of existence in the past 15-20 years (maybe more than that, but before my time). You can't book more reserves if you don't drill the wells. And it just hasn't been happening for a long long time now. I still keep in touch with people in the industry and they tell me (perhaps overoptimistically?) that it's out there, there's just the wrong environment in place to go looking for it/extract it. We were all told when we were at school that oil would run out in 20 years, or we're now at or very close to peak oil production. Both predictions have proven to be way way wide of the mark. World oil production gas never been higher. But uk oil (and gas) peaked around 2000 at about 4x today's rate Note the other big Nsea producer Norway, is also declining albeit slower This is from the industry body last year. UK authorities are significantly underestimating the country's still-recoverable oil and gas reserves due to policies on tax and the environment that mitigate against maximizing resource recovery, industry group Offshore Energies UK said June 23. The group based the assertion on an independent report from consultancy Westwood Global Energy Group, which found remaining recoverable oil and gas reserves could be up to 7.5 billion barrels of oil equivalent, compared with a government estimate of 3.75 billion boe published in February 2025. Note they are pushing the maximum remaining ('recoverable') as 7.5billion boe. Other sources put the maximum at 6bn. This includes stuff we know about and stuff we think we might find. As previously noted the UK uses around 1.4million barrels a day. So 7.5bn divided by 1.4 million is near enough 15 years *absolute maximum* There are cars being bought today that would burn the last drop of British oil in that scenario. And, again, that is the absolute maximum. To quote from the same report There is no escaping the fact that the UK North Sea is a mature basin which is in production decline. While the decline ultimately cannot be prevented, there is still a substantial prize available to companies and the government, if the investment environment allows it. Here's an accompanying illustration. Note the "7.5bn" figure is 'no constraints' and half of that is made up of discoveries and prospects - basically "maybe we come up with a way to get even more oil than we thought" and "maybe we find some more oil" If we take the high case, which still has a lot of finger crossing, it's just over 4bn which is less than 10years. So,whilst there may be more oil and gas about, there isn't going to be much we can get ourselves. We'll have to get it from the big oil producers who are.... 1. USA 2. Saudi Arabia 3. Russia 4. Canada 5. Iran How many countries in that list can we call friendly? Again, the idea that the UK can be energy independent by extracting more oil whilst carrying on as we are (oil based road transport, gas based heating and electricity generation) is a fantasy. We need to reduce our demand and increace our home grown energy - nuclear and renewables. https://www.westwoodenergy.com/news/westwood-insight/westwood-insight-ukcs-geological-potential-remains-but-sentiment-shift-is-needed Edited Tuesday at 23:49 by Beelbeebub 2
SteamyTea Posted yesterday at 04:16 Posted yesterday at 04:16 4 hours ago, Beelbeebub said: How many countries in that list can we call friendly “One day, Canada will take over the world. Then you’ll all be sorry.”
Mattg4321 Posted yesterday at 06:22 Posted yesterday at 06:22 7 hours ago, Crofter said: So why isn't the industry making this case? The figures were seen in this thread area from the industry, and are likely on the optimistic side. It’s old data, but backs up my point that oil has always been ‘running out’.
Beelbeebub Posted yesterday at 09:20 Author Posted yesterday at 09:20 2 hours ago, Mattg4321 said: It’s old data, but backs up my point that oil has always been ‘running out’. What that graph doesn't capture is the price of the oil extracted and the rate of extraction. The amount of oil you can extract *economically* changes with the price of oil. As oil prices rise, less attractive sources become viable. Canada has one of the world's largest reserves, but as tar sands which are very costly to extract. The clst per barrel is somewhere north of $60 a barrel, whilst Saudi Arabia is below $10. So if the world price is $100 Canada has huge reserves If it's below $50 it has very little. The UK has already picked the low hanging fruit. The remaining reserves are in more costly places to extract. I have looked and I cannot find a single reputable source who says that the UK can achive energy security through fossil fuels. Can anyone find one? (politicians don't count)
saveasteading Posted yesterday at 10:44 Posted yesterday at 10:44 There is a brief and clear explanation of Venezuelan 'oil' reserves and value on 'More or Less' BBC Radio 4 . If I recall : there is lots. it is tar not liquid. Has to be mined not drilled and is expensive to extract and to process. reserves means viable commercially, so that varies with the price of oil. 1
SteamyTea Posted 23 hours ago Posted 23 hours ago 2 hours ago, saveasteading said: and to process I lived on an island that processed Venezuelian crude. It was a smelly place.
Mattg4321 Posted 23 hours ago Posted 23 hours ago (edited) 4 hours ago, Beelbeebub said: What that graph doesn't capture is the price of the oil extracted and the rate of extraction. The amount of oil you can extract *economically* changes with the price of oil. As oil prices rise, less attractive sources become viable. Canada has one of the world's largest reserves, but as tar sands which are very costly to extract. The clst per barrel is somewhere north of $60 a barrel, whilst Saudi Arabia is below $10. So if the world price is $100 Canada has huge reserves If it's below $50 it has very little. The UK has already picked the low hanging fruit. The remaining reserves are in more costly places to extract. I have looked and I cannot find a single reputable source who says that the UK can achive energy security through fossil fuels. Can anyone find one? (politicians don't count) You make a good point re the price of oil. I stand by my view that there is more there than the booked reserves though. We're kind of arguing over nothing though, as I think we're agreed that we shouldn't leave it in there whilst we import from abroad. Nor should we rely on it long term (decades ahead). Edited 22 hours ago by Mattg4321
Beelbeebub Posted 20 hours ago Author Posted 20 hours ago 1 hour ago, Mattg4321 said: You make a good point re the price of oil. I stand by my view that there is more there than the booked reserves though. We're kind of arguing over nothing though, as I think we're agreed that we shouldn't leave it in there whilst we import from abroad. Nor should we rely on it long term (decades ahead). From a carbon point of view leaving it in the ground is good - obviously that cuts no ice with the "climate change is a myth" lobby, but it is a consideration for some. More importantly, leaving it in the ground means it is availible for use later for important stuff (like pharmaceuticals, chemicals etc). And I would say we need to stop relying on oil/gas ASAP as it doesn't start to run out "decades ahead", it's running out now. Our production is set to fall by 50% by 2035 *under extremely optimistic oil industry projections* (all the colours) Under more sober projections we drop by 50% in about 5 years and will be at about 25% by 2035. This is the bit in the old movies where the pilot taps the fuel gauge and it drops suddenly to empty. 1
SteamyTea Posted 19 hours ago Posted 19 hours ago 55 minutes ago, Beelbeebub said: use later for important stuff (like pharmaceuticals, chemicals I am not sure how much 'oil' that actually uses. Very little I suspect. About half can be turned into a liquid fuel, a fifth into low sulfur bunker fuel, a bit it bitumen and other polymers, some comes out as gasses, which are feed stock for other polymers. Eventually you get nothing but tar, which is used in ashfelt, but that tar is easier to get from Trinidadian pitch fields (lived there as well). Many polymers can be made from vegetation feed stocks, cellulose was made that way, as are some polyurethanes. Oil is just crushed and heated plant matter after all. 1
Beelbeebub Posted 19 hours ago Author Posted 19 hours ago 4 minutes ago, SteamyTea said: I am not sure how much 'oil' that actually uses. Very little I suspect. About half can be turned into a liquid fuel, a fifth into low sulfur bunker fuel, a bit it bitumen and other polymers, some comes out as gasses, which are feed stock for other polymers. Eventually you get nothing but tar, which is used in ashfelt, but that tar is easier to get from Trinidadian pitch fields (lived there as well). Many polymers can be made from vegetation feed stocks, cellulose was made that way, as are some polyurethanes. Oil is just crushed and heated plant matter after all. If we can get the various feed stocks without having to extract oil, so much the better. I suspect there are a few sectors that cannot substitute oil/gas. Aviation is one that comes to mind, at least until we have enough cheap electricity to make competitive synthetic fuel. But I'm happy to burn some oil for vital things - it's just burning it for things we don't need to that should be stopped ASAP. I seem to remember doing a calculation a while ago that we could save more carbon/fossil fuel by insulating all homes to 2010 standard than stopping all flights. I vote for warm, cheap to run homes *and* flights to nice places rather than cold, expensive homes and expensive flights.
SteamyTea Posted 19 hours ago Posted 19 hours ago (edited) 30 minutes ago, Beelbeebub said: seem to remember doing a calculation a while ago that we could save more carbon/fossil fuel by insulating all homes to 2010 standard than stopping all flights This is often a problem. My manager obsesses over a price difference of a penny per butter portion, missing the big savings of 40p on a sausage. Had the financial director down the other day (I work for a multinational) and she is pretty shrewd (as a financial director should be). She pointed out that if we replaced the gas hob with an induction one, we would reduce energy usage and overheating in the kitchen. I got 'looks' from my work mates as I had been saying this for years. Not one of them had used an induction hob ever, and still think they are infrared hobs because they have ceramic tops. I have been saying for a long time, to most people that ask me about reducing energy/CO2 changing car will probably be the biggest change. Edited 19 hours ago by SteamyTea
Roger440 Posted 19 hours ago Posted 19 hours ago 30 minutes ago, Beelbeebub said: I vote for warm, cheap to run homes *and* flights to nice places rather than cold, expensive homes and expensive flights. Who do i vote for? Id like a warm cheap to run home. Problem is, to get that i have to spend out big. Bigger than makes any sense. I aquired a bigger oil tank instead so i can be more choosy when i buy my oil. And the old tank gets recyled as a tractor food tank.
SteamyTea Posted 18 hours ago Posted 18 hours ago 25 minutes ago, Roger440 said: Id like a warm cheap to run home You could have bought a different home.
Roger440 Posted 18 hours ago Posted 18 hours ago 9 minutes ago, SteamyTea said: You could have bought a different home. Not with the things i wanted i couldnt. Well not for this money. I guess i could have bought a small house on a normal street with a postage stamp garden and single garage that was super efficent. But then my life would be pointless. I would simply die of boredom. But, hey, one less person consuming resources.
Gone West Posted 4 hours ago Posted 4 hours ago 13 hours ago, Roger440 said: I guess i could have bought a small house on a normal street with a postage stamp garden and single garage that was super efficent. But then my life would be pointless. I would simply die of boredom. I agree, but most people live on a normal street, with a postage stamp garden and don't even have a garage. The result of living in an overcrowded country where it's difficult to balance the requirements of housing, industry, wildlife, food production and open spaces.
Crofter Posted 3 hours ago Posted 3 hours ago 15 hours ago, Roger440 said: Id like a warm cheap to run home. Problem is, to get that i have to spend out big. Bigger than makes any sense. I aquired a bigger oil tank instead so i can be more choosy when i buy my oil. And the old tank gets recyled as a tractor food tank. What's wrong with your house? I've been pretty amazed by my heat pump. House is a very badly insulated 1970s bungalow, on an exposed hillside in the north of Scotland. It used to have storage heaters that were costing hundreds a month to run. I installed an air to air system and now I rarely spend more than £2 a day. Average daily usage this winter has been around 4-6kwh. It cost £4k to install so the payback times is likely to be easily under 5yrs, for a system that is better to live with in every conceivable way. Next step will be to spend about £600 installing PV and a diverter, and that should slash my DHW costs over the summer. I'm estimating a payback time of 2-3yrs on that.
SimonD Posted 3 hours ago Posted 3 hours ago 5 minutes ago, Crofter said: now I rarely spend more than £2 a day. Average daily usage this winter has been around 4-6kwh. That is very good indeed. What internal temperature and what is the floor area, may I ask?
Roger440 Posted 3 hours ago Posted 3 hours ago 1 hour ago, Gone West said: I agree, but most people live on a normal street, with a postage stamp garden and don't even have a garage. The result of living in an overcrowded country where it's difficult to balance the requirements of housing, industry, wildlife, food production and open spaces. If thats what other people are happy with then thats good for them. Ive lived like that, and have absolutely no desire to do so again. There plenty of opportunity not to live like that in the UK. 1
SimonD Posted 3 hours ago Posted 3 hours ago (edited) 19 hours ago, Mattg4321 said: We're kind of arguing over nothing though, as I think we're agreed that we shouldn't leave it in there whilst we import from abroad. I'm not sure it's agreed that we should extract what we've got. Analogous to the OP, I can't help think about another complex situation we're dealing with in the UK - the NHS - one of the lines of which goes: - Service isn't working - Result = call for more beds/capacity in hospitals - Provide beds/capacity - Find beds filled because patients can't be discharged effectively enough due to internal processes and external capacity (so patients get blamed as bedblockers) - Result is full circle to call for more beds/capacity in the hospital This is the cycle oft shouted from the rooftops from patient groups as well as politicians and the media. The other view, which is mostly ignored from the above is, but very well understood (i.e. they know what needs to change and how to do it but are prevented by those holding the views above): - Model and understand the effects of admitting patients into hospital (including costs) - analyse the data - realise that it is far cheaper, much more effective, and better for patients if they don't have to go into hospital in the first place - costs can actually be reduced to as little as a 10th of the cost of inpatient service - result - a realisation that we have to fundamentally rethink and change how we provide health services, which demands a total mental shift away from what we've been doing for almost 80 years. - therefore resistance, because change is hard and may need additional upfront investment - and what follows is 'oh this is too hard it isn't working immediately. Wards are being closed and we don't have enough beds, so to solve the problem we need more beds' The similarities here are that we know what we need to do, we know how to do it and what is required, we have all the technology in place to do it, but instead we turn back to what we already know, despite all its downsides. Better the devil you know? Edited 3 hours ago by SimonD 3
Roger440 Posted 3 hours ago Posted 3 hours ago 27 minutes ago, Crofter said: What's wrong with your house? I've been pretty amazed by my heat pump. House is a very badly insulated 1970s bungalow, on an exposed hillside in the north of Scotland. It used to have storage heaters that were costing hundreds a month to run. I installed an air to air system and now I rarely spend more than £2 a day. Average daily usage this winter has been around 4-6kwh. It cost £4k to install so the payback times is likely to be easily under 5yrs, for a system that is better to live with in every conceivable way. Next step will be to spend about £600 installing PV and a diverter, and that should slash my DHW costs over the summer. I'm estimating a payback time of 2-3yrs on that. Nothing much, aside from no insulation other than in the roof and ancient failed double glazing. I knew all that when i bought it though, so that was my choice. But it does have a relatively new, perfectly adequate oil system and keeps us nice and warm. Sure i "could" replace it with a heat pump, but the obvious blockers are cost (substantial) , woeful incoming electrical supply (60amp (has to run my workshop too)) , and probably more importantly, the unreliability of the incoming power supply, which is just what it is out here. If i go to an ASHP, im going to freeze in the event of another multi day power outage. Currently i can fire up the generator to keep the basics on including the heating. Id need a rather larger generator to keep a house with an ASHP running. Lets call that another £2k. Are you able to expand on how you got an ASHP system for £4k? SimonD in another thread, when i asked why ASHP's cost so much to fit showed his workings for a house just completed and it was £11k just for materials. So, id guess at least a £15k job. Thats a vast difference. As you can imagine, the payback at £15k is essentially never, as oil is at least as cheap, if not cheaper than an ASHP. Even at £4k it wont payback, but one might choose to do it anyway for future proofing.
Beelbeebub Posted 3 hours ago Author Posted 3 hours ago 3 minutes ago, Roger440 said: Are you able to expand on how you got an ASHP system for £4k? I think he mentioned using and air to air heatpump aka an air con unit. Thry are substantially cheaper to buy and install as a large part of the market is retrofit, the whole system is designed to be fitted to a house with minimal disruption,whereas wet heating systems are a major undertaking.
Roger440 Posted 2 hours ago Posted 2 hours ago 8 minutes ago, Beelbeebub said: I think he mentioned using and air to air heatpump aka an air con unit. Thry are substantially cheaper to buy and install as a large part of the market is retrofit, the whole system is designed to be fitted to a house with minimal disruption,whereas wet heating systems are a major undertaking. Good point, missed that. Got those at work. Dont think id want them in my house though.
Beelbeebub Posted 33 minutes ago Author Posted 33 minutes ago 2 hours ago, Roger440 said: Good point, missed that. Got those at work. Dont think id want them in my house though. I get that. The indoor units aren't great and people on the UK aren't used to warm air heating. I did wonder if it woikd be possible to make a "radiator" - basically an aluminum plate with fins on the back and the gas/condensate tube sandwiched between. So it would look and act exactly like a radiator (no fans etc) but have the working fluid running through it instead of water. Could be cheaper as it would be a dumb unit but manufacturing volumes would be an issue.
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