ennui2 wrote: It's not just "oil" that drives the economy, but fossil-fuel as a whole. When you broaden your perspective to look at the entire fossil fuel landscape, there is still a whole lot of fossil fuel with enough EROEI to keep BAU going for a while yet. Unconventional oil, fracked gas, coal, and maybe even methane hydrates. I don't like the fact that so much fossil fuel is around, as it is cooking the planet, but after researching this issue for so many years, I can't deny that fossil fuels are still plentiful. Are they as plentiful as they were, let's say 50 years ago? No. But when you factor in the advanced technology that has been brought online, in combination with efficiency improvements and the move to an information-based economy in the first-world, then THAT is what nets you this prolonged plateau where the system as we know it is kind of muddling through.
This moderate narrative is nowhere near as dramatic as Olduvai blackouts and the like, which is why I doubt many here will agree with it.
ennui2 wrote:There has been MSM reportage of peak-oil. Remember Earth 2100? Remember "The Incredible Journey of Oil"? It's just that these things wax and wane.
Usually not statistics, just "huge", "enormous", etc. One article on PO.com news recently added "staggering" to the list.Dybbuk wrote:Anti-PO: But here, look! Here are some statistics that show we're not running out of oil! Hahaha!
Turns out, it's zombie-bankster-land.ennui2 wrote:oil around $100/bbl would be zombie-biker-land. They were wrong.
ennui2 wrote:Years ago when I first joined this site, most agreed that steady oil around $100/bbl would be zombie-biker-land.
ralfy wrote:
In which case, what we are looking at is continuous economic growth needed to keep the middle class afloat, which in turn means selling more goods and services to a growing global middle class plus most of the world's population that want one or more needs fulfilled. According to the IEA, to ensure that, we will need the equivalent of one Saudi Arabia every seven years.
ROCKMAN wrote:Being in Texas I’m not worried about zombies anyway…too much fire power here. LOL.
Buddy_J wrote:
As we have currently have found one in just the past 3 years, it does beg the question, can their future projections for economic activity hold true as long as this size of finding rate continues?
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