Nonsense wrote:Look I'm not saying that peak oil won't ever happen. It obviously will. I'm just pointing out that there are way too many unknowns to predict a date for peak oil to any degree of accuracy.
If so & so is lying, if reserve growth fails to materialize for specific regions, if new technologies don't deliver as promised, if if if if.
You must get my point, it's pretty basic reasoning.
Too many "ifs" to give any real clarity.
Didn't that banker guy (Simon?) say peak oil was only recognizable in retrospect or something like that? If that's true, then what value do predictions about some future peak event really have?
You won't know for sure till way later, & then it's too late right?
I predict a massive asteroid impact will wipe out humanity soon. What are the chances of that happening? I don't know, it's too complicated to make a prediction.
Just like peak oil.
(Pulls flame retardant pajamas over head - which of course can be either flame-retardant or non-carcinogenic, but not both)
I dont think the analogy works. for an asteriod collison we know the odds are c. 1 in 14 million of it happening on any given day. There is also an albeit underfunded asteorid search project which will eventually map the skies. So to my mind to the best that is economically/morally right we are doing what we should be doing.
I think the issue with PO is that even if you take the whole breadth of the chances of it happening between now and 2040 you have c. a 1 in 12,045 chance of it happening on any given day (and reducing per day by the way) - ignoring the statomen who will query the absolute correctness of the analysis yes yes I know- the risk of PO happening is 1) much greater by a factor of nearly 1,200 and so must be taken much more seriously 2) most people are agreed that you need c 20 years to prepare for PO without it causing a real problem...which means you need to half the odds again
The up shot being that almost illogically we have a fairly ok strategy for the potential of an asteroid hitting us but little overt preparation for PO which absolutely will happen in most peoples lifetime.
Think of it like the stock market and randon walk theory. It is nearly impossible to pick the turning of a stock/market but it is possible to see a trend i.e. real estate is overvalued and begin shifting out of it. As E Rothschild said in response to why he has such a good investment record "i sell too early"
In terms of PO we should be "preparing too early" rather than revving right up and past the peak