by Oakley » Wed Sep 01, 2010 11:41 pm
That 15 to 30 years before trouble sounds somewhat optimistic.
If we are at peak, then production will decline at some rate. A rate of decline of 5%, for example, would cut production in half in 14 years, just the opposite from a rate of growth of 5% that would double production in 14 years. (Remember Prof. Albert Bartlett and his lecture on rates of growth.)
It is hard for me to imagine the destruction that a halving of the amount of oil available would bring. Half of the tractors running, half of the trucks delivering, half of the equipment strip mining coal, half of the trains delivering bulk cargo, half of the ships at sea, half of the plastics, half of the oil related drugs, half of the gasoline for personal and employment travel.
On top of this, surely some effort will be made to squander more energy on some desperate last ditch effort to solve the impossible.
This does not even consider the relentless progression of deteriorating EROEI which further strips of available oil.
And how much oil do you think governments and their militaries will squander fighting wars for control of the remains?
They must be factoring in a fifteen to thirty year massive depression to cut demand.
Fifteen to thirty years; good luck.
"The deepest sin against the human mind is to believe things without evidence" Thomas H Huxley