Ready for Halloween? Here's a scary video.
The scary part is at the end. Hint: 5-7% decline rate for the foreseeable future!
https://www.youtube.com/watch?v=7KfVJBNX2U4
Cog wrote:Depletion models were all the rage on the oil drum 10 years ago. Until reality intruded into their doom chamber.
GHung wrote:Cog wrote:Depletion models were all the rage on the oil drum 10 years ago. Until reality intruded into their doom chamber.
Yes. Thank you Coggo. Consuming finite resources at unprecedented rates does not deplete them. It's magic!
GHung wrote:Cog wrote:Depletion models were all the rage on the oil drum 10 years ago. Until reality intruded into their doom chamber.
Yes. Thank you Coggo. Consuming finite resources at unprecedented rates does not deplete them. It's magic!
Cog wrote:GHung wrote:Cog wrote:Depletion models were all the rage on the oil drum 10 years ago. Until reality intruded into their doom chamber.
Yes. Thank you Coggo. Consuming finite resources at unprecedented rates does not deplete them. It's magic!
Defending flawed models seems to be a habit with you. Remember the ETP model? LoL
Blah, blah, blah....
A report by HSBC shows that contrary to the commonplace narrative in the industry, even amidst the glut of unconventional oil and gas, the vast bulk of the world’s oil production has already peaked and is now in decline; while European government scientists show that the value of energy produced by oil has declined by half within just the first 15 years of the 21st century.
Return to Peak oil studies, reports & models
Users browsing this forum: No registered users and 2 guests