Exploring Hydrocarbon Depletion
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Of course. But you have to agree that an enormous industrial output today geared towards sensless cunsumption is available. I look around my 'hood and see RVs, ATVs, lawn-mowers, kids with truck loads of toys, TVs, cellphones, inefficient use of cars. Is it really such a big drop in quality of life if you have to read a book instead of watching a movie in your home theater? I don't think so. Is it really such a big drop in quality of life if you have a goat mowing your 2 acre lawn instead of cut to perfection with a John Deere? I don't think so.
pstarr wrote:the zen of peak. a greasy nano-second. I'm going to friday wine bar. I'm a snob.
Lore wrote:pstarr wrote:the zen of peak. a greasy nano-second. I'm going to friday wine bar. I'm a snob.
Say, me too, except it's my local brew pub which is about 18 miles away.
Peak Oil Off: Great Game On
Peak oilers have had a pretty hard time lately. Not only have global unconventional finds flattened Hubbard’s ‘peak’, more and more conventional plays are cropping up. ‘Running out’? We have more than enough of the black stuff to incinerate ourselves several times over. Such supply side bounty has been well documented in the Americas – not just in the US and Canada, but across Latin America, offering a second pass at resource riches. Head all the way over to Australia, and you’ll see a dazzling display of unconventional technologies rapidly increasing kangaroo LNG production. The North Sea can squeeze out a few more drops; Europe can finally get it’s ‘energy sovereignty’ back from shale plays, all while the Arctic offers Russia untold oil riches. Anywhere you look, the narrative is the same. But just when we thought the global hydrocarbon map was complete, another serious player has cropped up, and it comes in the form of East Africa. This is the new African oil rush, and the race to secure regional riches between East and West is on. Nobody wants to lose: Peak oil is dead, the Great Game is back.
Like it or not, East Africa has just added another serious swathe of hydrocarbon prospects to the global economy. Irrespective of whatever pace the donkeys nod and gas flows, it underlines the fact we are re-entering a period of hydrocarbon plenty. Hydrocarbon assets aren’t ‘stranded’; we aren’t living in a carbon constrained world. The question for East Africa isn’t whether oil will be pumped and gas condensed, but who will be the main market players doing it between East and West. The really bad news for the ‘peak oil faithful’ is that commodity prices might not become more expensive in future. High benchmark prices today, continue to drive investment into technological innovation for cheaper extraction tomorrow. Little surprise that future oil prices are dipping under spot market dynamics: East Africa has merely added an attractive prospect for bullish supply side expectations. Peak is dead. The Great Game lives on…
Arthur75 wrote:funny oneRune wrote:drivels
threadbear wrote:Funnier still if your post is flagged for altering someone's post--and in a way that's insulting to boot. Like har-de-har-har!
seenmostofit wrote:Considering their track record (the IEA is a great example of "don't worry, be happy" if there ever was one), let alone their claims that peak oil happened years ago, why pay any attention to them at all? They have obviously missed the boat before, and just because they happen to appear with us today doesn't mean they won't pull an about face tomorrow?
ralfy wrote:seenmostofit wrote:Considering their track record (the IEA is a great example of "don't worry, be happy" if there ever was one), let alone their claims that peak oil happened years ago, why pay any attention to them at all? They have obviously missed the boat before, and just because they happen to appear with us today doesn't mean they won't pull an about face tomorrow?
Indeed, which is why you have the rest of my post. With that, and following your points, we should see a worst-case scenario, i.e., no 9-pct increase in production but a decline coupled with increasing demand.
eXpat wrote:vision-master wrote:Shorty?
Good call, If I meet you someday Vision I will buy a drink
seenmostofit wrote:Is anyone going to let me in on the joke, or do I have to figure it out all by myself?