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Less than 50 Years of Oil Left, HSBC Warns

General discussions of the systemic, societal and civilisational effects of depletion.

Less than 50 Years of Oil Left, HSBC Warns

Unread postby misterno » Wed 30 Mar 2011, 14:58:44

Karen Ward, the bank’s senior global economist, said in an interview

Why would a bank want to have a comment on peak oil? Strange
Last edited by Ferretlover on Wed 30 Mar 2011, 21:41:04, edited 1 time in total.
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby careinke » Wed 30 Mar 2011, 17:09:30

She is not talking about Peak Oil either she is talking about using it ALL up. An additional 1 Billion Cars, half in China alone.
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby americandream » Wed 30 Mar 2011, 17:41:57

careinke wrote:She is not talking about Peak Oil either she is talking about using it ALL up. An additional 1 Billion Cars, half in China alone.


At least.

With Japanese car manufacturing infrastructure in a mess, manufacturing will be shifted to low wage economies with specialist parts coming out of the developed world (transfer processing out of Japan) and we are going to also see the onset of another boom (also fuelled in part by Japan and New Zealand's quake infrastructure rebuild along with China and India's infrastructural catchup) of major proportions that will drive an even more relentless demand for dwindling resources in the form of cars, computers, gaming and all the other symbols of the developed lifestyle, and into shortfall.

Of course, some of the shortfall will be taken up by innovation, but when you consider the extensive resource profile of capitalism, I suspect we will need a form of resource alchemy to keep that profile fully provisioned and functioning at optimum.
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby Lore » Wed 30 Mar 2011, 17:52:55

I have seen the light, and you should too!

I challenge anyone to watch this video and not be convinced that Peak Oil is just a lot of hooey! It's just 4 minutes, but puts it all in a nut shell!

YouTube
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby careinke » Wed 30 Mar 2011, 18:02:23

Lore wrote:I have seen the light, and you should too!
I challenge anyone to watch this video and not be convinced that Peak Oil is just a lot of hooey! It's just 4 minutes, but puts it all in a nut shell! YouTube

Your Bad, real Bad. ROTFLMAO
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby americandream » Wed 30 Mar 2011, 18:11:01

Lore wrote:I have seen the light, and you should too!
I challenge anyone to watch this video and not be convinced that Peak Oil is just a lot of hooey! It's just 4 minutes, but puts it all in a nut shell! [url=http://www.youtube.com/watch?v=4bHZRSlhJxY&feature=player_embedded]url]

Hahahahahahahahaha. Damned gay, furrin, pinko, champagne drinking, god hating, Murica hating communists/socialialists/Ayrabs/Canadians/rest of the world hates us/me bastids!!!!!
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby Lore » Wed 30 Mar 2011, 18:11:36

Come on now... you mean the picture of Jesus drawn on a funny day didn't grab you by your communist nether regions! As the obviously astute announcer said, "Oil on Jesus... bring it on down... Hemi power to the lord!!"
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby eXpat » Wed 30 Mar 2011, 18:25:02

Weeeeeeee! we can party for another 50 years! [smilie=5bouncy.gif] [smilie=eusa_dance.gif] [smilie=headbang.gif] [smilie=new_bdaysmile.gif] [smilie=new_all_coholic.gif]
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby Cloud9 » Wed 30 Mar 2011, 18:38:29

Jesus Christ no pun intended.
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby Sixstrings » Wed 30 Mar 2011, 18:56:06

careinke wrote:She is not talking about Peak Oil either she is talking about using it ALL up. An additional 1 Billion Cars, half in China alone.


Hm.. what a good getting-back-to-basics topic for this forum.

I'll throw a question out there.. can civilization exist, in any way that we'd now recognize it, after ALL THE OIL is gone? Personally I don't think so. Everything is built on affordable oil.. nothing else comes close in EROEI.

EDIT: lol at the cornie comments:

We've heard this before, and then we discover more. Yes, we're energy hogs and need to find viable alternatives, which are numerous.


how can anyone decide how much oil exists under the planet's surface? it's the same doom and gloom "oil shortage" of the 1970s - which, like today, was a public scare tactic to raise prices.


Does this estimate take into consideration unproven reserves in the South China Sea or just current proven global reserves?


Gee, I hadn't heard that one, "South China Sea" oil will save us. :roll:
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby Daniel_Plainview » Wed 30 Mar 2011, 19:43:06

Lore wrote:I have seen the light, and you should too! I challenge anyone to watch this video and not be convinced that Peak Oil is just a lot of hooey!


I've seen the light. Hallelujah brother. Rejoice.
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby kiwichick » Wed 30 Mar 2011, 20:05:00

excellent video

humour always works

just a pity some people would believe this to be serious
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby Plantagenet » Wed 30 Mar 2011, 20:08:38

Sixstrings wrote:I'll throw a question out there.. can civilization exist, in any way that we'd now recognize it, after ALL THE OIL is gone? Personally I don't think so. Everything is built on affordable oil.. nothing else comes close in EROEI.


Civilization got on quite well before oil was in use.

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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby Lore » Wed 30 Mar 2011, 20:36:27

kiwichick wrote:excellent video

humour always works

just a pity some people would believe this to be serious


What works is his excellent artistic skills at illustrating the problem,.... oh, and the explanation of Hubbert's Peak was a stunner. Did you notice the caption that there is no one really by that name?

Seriously though you're right, which is why I fear for the planet that there are people like this on it.
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby americandream » Wed 30 Mar 2011, 21:12:45

Lore wrote:
kiwichick wrote:excellent video
humour always works
just a pity some people would believe this to be serious
What works is his excellent artistic skills at illustrating the problem,.... oh, and the explanation of Hubbert's Peak was a stunner. Did you notice the caption that there is no one really by that name?
Seriously though you're right, which is why I fear for the planet that there are people like this on it.

Personally, I think theres a little too much humour around in the absence of serious stuff to underpin it. The population are largely misinformed on so many levels. Throw in humour and you have a dangerous mix. Look at the Simpsons for example. It was intended to be a humerous swipe at the state of family in America. Instead it has become something of a celebration of ignorance.

Humour contemplates a degree of rounded awareness.
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby Sixstrings » Wed 30 Mar 2011, 23:49:07

Plantagenet wrote:Civilization got on quite well before oil was in use.


True enough.. but world population was only 300 million in the time of Augustus. And, when civilizations collapse it's into a dark age.. they don't just ratchet down in technology then take up logic, rhetoric and philosophy.

Anyhow the question I'm getting at is whether the oil-free "green future" is possible. Either it's true or false, can we really replace oil or not?
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby Newfie » Thu 31 Mar 2011, 00:12:24

I think I saw Plant's hand behind that video.

BTW....was it really meant to be humorous? I kinda thought he was serious.
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby sparky » Thu 31 Mar 2011, 01:38:59

.
all the intelligent people , including the educated oil executives and financiers are aware of
the imminence of peak oil ,
in fact they have been dropping hints the size of houses for a few years now
they are not the problem , 7 billions consumers are the problem
Peak oil warning are like earthquake warnings , panicking the good folks is not useful at all
and there is NOTHING which can be done
anyway the first step is denial , it will last well into the decline ,
then is anger , not very useful either

as for the shape of society post peak oil ,
well if we use coal we go back to the coal age ... steam engine and 19th century working condition
if we go back to the sustainable wood burning age ....middle ages and feudal system
the population numbers will naturally adjust itself to the new level ,

A sudden crash a la mad max is most unlikely , though not impossible in some regions
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby americandream » Thu 31 Mar 2011, 06:28:05

sparky wrote:.
all the intelligent people , including the educated oil executives and financiers are aware of
the imminence of peak oil ,
in fact they have been dropping hints the size of houses for a few years now
they are not the problem , 7 billions consumers are the problem
Peak oil warning are like earthquake warnings , panicking the good folks is not useful at all
and there is NOTHING which can be done
anyway the first step is denial , it will last well into the decline ,
then is anger , not very useful either

as for the shape of society post peak oil ,
well if we use coal we go back to the coal age ... steam engine and 19th century working condition
if we go back to the sustainable wood burning age ....middle ages and feudal system
the population numbers will naturally adjust itself to the new level ,

A sudden crash a la mad max is most unlikely , though not impossible in some regions


With Günther Oettinger, Europe's energy commissioner, saying "There is talk of an apocalypse and I think the word is particularly well chosen. Practically everything is out of control. I cannot exclude the worst in the hours and days to come." as regards the Japanese nuclear meltdown, who knows what awaits us.
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Re: Less than 50 Years of Oil Left, HSBC Warns

Unread postby Roy » Thu 31 Mar 2011, 07:29:59

I have seen the light, and you should too!

I challenge anyone to watch this video and not be convinced that Peak Oil is just a lot of hooey! It's just 4 minutes, but puts it all in a nut shell!

YouTube


We can see the humor in this. But the sad fact of the matter is that the average person I've talked to about this topic (was years ago I don't do it anymore), had answers that were more similar to this video.

Oil men (roustabouts, engineers etc) who insisted that we deliberately stopped producing US oil. Engineers who said it was a liberal conspiracy to tax us more, conservatives who said it was the oil companies lying to maximize profits.

This same article posted on another forum, generated a host of replies repeating some variant of the arguments in the sentence above. People's responses, much like in climate change discussions, are often based on political or religious views rather than fact, understanding of mathematics/thermodynamics, or the exponential function.

That's why I stopped talking about it years ago. I just stay abreast of current developments, and work on learning to live a lower energy and more localized lifestyle. You know, be the change you want to see.

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