Can anyone point me to the source of these numbers on Peak Oil
What I am saying is the a pre-peak bottleneck of any kind may alert folks to their predicament. As you have all so persuasively pointed out, it may be trigger for, let us say, a significant government response.
pstarr wrote:Good posts. I intend on rereading many of these and joining the conversation. First of all an intro and questions. I’ve been mostly lurking, occasionally ranting, and constantly educating myself over the past year on Peakoil.com. I’ve read the books--Simmons, Deffeyes, Kunstler, Heinberg, etc. This particular thread seems to be oddly unsettling.
Why would an article in a Falls Church weekly scare me? Well first of all those numbers.During the first quarter of this year, worldwide production was reported to average 83.8 million barrels a day. The International Energy Agency is now saying global demand is projected to reach 86.4 million barrels per day by the fourth quarter of this year— a 2.2 percent growth over last year. Given that reports from most producing countries talk of slowing or declining production, it seems almost certain a significant supply-demand gap will open later this year.
Can anyone point me to the source of these numbers on Peak Oil???
Secondly, the location. Your average, small town newspaper? Regular guy reporting on regular stuff.
Third. The implication. I lived through the 1970’s oil shocks. I remember how psychology and panic magnified a temporary situation into a crisis. But this is won’t be a temporary situation. Concurrent with standard-issue American complaints and whines about the price of oil etc. may come the dawning recognition that it is the future. Does hoarding and other stupidity really begin at that moment. If so, holy shit, run for the bunker, NOW
What I am saying is the a pre-peak bottleneck of any kind may alert folks to their predicament. As you have all so persuasively pointed out, it may be trigger for, let us say, a significant government response.
pete
Sys1 wrote:Note that peak oil crisis doesn't mean peak oil itself. But the result is exactly the same : Demand destruction.
It should be an very interesting end to a very interesting year.
Got yer popcorn and favorite carbonated beverage?
Users browsing this forum: No registered users and 23 guests