Revi wrote:The idea of the Seneca Cliff has been getting out there quite a lot lately. Uno Bardi, who worked on the first Limits to Growth coined the term to describe the quick deterioration of a culture once a peak was reached. I think it was first spoken by Seneca back in Roman times when he said "increases are of sluggish growth, but the way to ruin is rapid."
It's been on Zero Hedge, SRSRocco report and a lot of other places lately.
It makes a lot of sense in light of what the Hills Group is saying. Basically that the useful energy in each barrel of oil is going down and down as we get it in more and more difficult ways. They say that by 2022 there won't be any net energy in a barrel of oil. Scary stuff. What do you think? I think they might be right, and that the backside of Hubbert's Peak may be way steeper than the way up!
Revi wrote:Here's Ugo Bardi's explanation of his theory. It makes a lot of sense.
http://cassandralegacy.blogspot.com/201 ... lapse.html
Revi wrote:What are the factual errors?
Revi wrote: I agree that the shale gas industry is peaking a little later than Ugo Bardi predicted.
Revi wrote: The other article talks about the difference between the bell shaped Hubberts curve and the Seneca Cliff that he proposes. Which do you think will be the trajectory?
Revi wrote:Here's a quote from the above article:
"What happened, instead, was that large amounts of financial resources were invested into the exploitation of everything that could possibly be drilled, fracked, smashed, squeezed, boiled, or otherwise processed in order to get a few drops of precious, combustible liquids, and that is what has avoided decline, up to now." Ugo Bardi 2013
He was well aware that we had not hit the all liquids peak at that time.
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