Poordogabone wrote:AdamB wrote:Sounds like their fear of peak demand is substantial, and real. Seems like time we start applying bell shaped curves to demand, match those to the sine wave cycle of oil production (demonstrated by the US in the near term) and figure out when we will all look back and laugh at our fears of oil supply being our favorite doomer porn scenario.
Peak demand is symptomatic of POD (peak oil dynamics).
Not according to real live energy experts, as opposed to us forum types. Generational change appears to be a far more powerful concept than originally thought, and is plowing along without paying any attention at all to the price of oil, or circumstances like the current glut that such dynamics can deliver.
http://eec.ucdavis.edu/highlight/why-th ... peak-soon/And Amy drives an EV as well.....Ford C-Max Energi I believe. Voting with her hard earned dollars in exactly the right way.
PoorDogaBone wrote:PO has caused the mass of people to have diminishing purchasing power and reduced demand for oil.
Not in the current glut it hasn't. But given a few years, after we come back to a more balanced supply/demand picture, then we'll have a balance...which implies no diminishing here or reduced there...but a balance.
PoorDogABone wrote: The increasing price of oil since the turn of the century has permitted major investments in oil production but also collapsed the global economy.
I don't know if you've noticed...but the global economy hasn't collapsed. The ChiComs might be in the crapper, but the world doesn't even have a RECESSION going yet, let alone a "collapse". Unless of course you have seriously deflated what "collapse" means, down to like the BDI being low because of an oversupply of ships fighting for the same amount of cargo, a classic supply/demand curve problem rather than anything looking like collapse.
Perhaps you live in Geece? In which case, that isn't collapse either, but just the same thing that happens with those who spend beyond their means and can't keep up with the payments...sort of like the US housing market back in 2008. Or an individual in the US who had their own foreclosed upon, or someone declaring bankruptcy because of having spent too much on their credit cards? Collapse for no one, but a bummer when you can't use the plastic get a coffee at Starbucks.
PoorDogABone wrote:Today the oil producers are loosing their shirts and are surviving on subsidies. It is no laughing matter and the fear of oil supply is very justified for anyone with the slightest foresight.
The oil production they are selling, even at reduced prices, are not subsidies. And in case you haven't noticed, Rockman is still working at the same place he was before, doing the same kind of things he was before (looking for economically recoverable oil), and while he isn't laughing, he has been through downturns before, just like others. And fear of oil supply is just that...fear. And or those who manufactured it in the past decade, the industry thanks you for making sure that everyone was happy to pay the premium demanded....some ave profited most handsomely from peak oil like fears...so keep thinking it...there are oilmen around the world who will thank you later, should the opportunity come to pass to continue fleecing you, and you thinking it needs to be that way.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"