Exploring Hydrocarbon Depletion
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Ease up on the messenger and go investigate the message yourself meng.SILENTTODD wrote:I have always like your admired Graeme, but I will only believe you on this point if you can show in the future verified statistics the world brought more oil to market than it did in the summer of '06.
Shoot, we'll just use nuclear power in order to extract all that crap from the tar sands/oil shale. Even if it isn't energy positive, because lord knows we have plenty of fissile material to waste. Honestly, I'm surprised we're not growing pine trees in Iraq for E85, but I suppose there is a limit to the magnitude of waste we can create.Gazzatrone wrote:Lest we not forget the thorny issue of EROEI.
Knowing there is lots of something around is one thing. Being able to reach it is quite another.
Professor Membrane wrote: Not now son, I'm making ... TOAST!
Valdemar wrote:I thought that figure was revised down anyway. Why's it being held up high like some sacred scripture from God stating "Peak Oil is bullshit, carry on, nothing to see"?
Gazzatrone wrote:Lest we not forget the thorny issue of EROEI.
Knowing there is lots of something around is one thing. Being able to reach it [economically] is quite another.
Demand has responded to higher prices, but not enough. The International Energy Agency’s worry is not that oil has reached a peak – it expects a 50% rise by 2030 – but that demand will rise faster than supply.
It's not really double counted, since the oil inputs go into the demand side of the equation. It might be meaningless, but not double counted.jeezlouise wrote:including double-counted ethanol
Heineken wrote:I've always considered the PO numbers game to be pointless, which is one reason why I haven't shown much interest in engaging in it.
The exact timing is irrelevant. The consequences won't be. Once they really start to roll, we'll know it.
It takes a lot to kill a Terminator, but it can and will be killed.
I think the consequences of PO are just "peeking" over the horizon now. If we haven't technically even reached the peak and are already seeing such destabilization, just think what things'll be like when the downslope is entered well and fully.
Concerned1 wrote:... And the more we use, the lower the underground oil table goes, the harder it is to get out of the ground. .
I will make three key points: (1) During George Bush’s first term, the world used about 10% of all crude oil that has ever been consumed; (2) Based on our mathematical modeling, at our current rate of consumption, during the second Bush term the world will use about 10% of all remaining conventional crude oil reserves and (3) Net oil exports are falling much faster than overall world crude oil production is declining.