Peakoilpost wrote:From Daily Tech, or is it Daily Denial?…
Despite Reality, Belief in Peak Oil Persists
“Peak Oil, a theory popular among Chicken Little types, has been much in the news recently. The idea behind it is that future production levels of any consumable resource can be reliably predicted based off a single factor: the size of the known reserves. Once half those reserves have been consumed -- so the theory goes -- production will steadily fall, no matter what.”
“So yes, oil will one day peak. But it won't be in our lifetimes, or our even our grandchildren’s. And when it happens, it won't be an earth-shattering catastrophe, but rather a smooth and natural progression to better, cheaper alternatives.”
Daily Tech Blog
For the record, here’s a quote from T. Boone Pickens’ testimony at the Senate Energy and Natural Resources Committee...
"The world produces 85 million barrels of oil a day, or more than 30 billion barrels of oil a year. We haven’t replaced that amount of consumption on an annualized basis since 1985. World oil production, I believe, has peaked, and the world’s current oil fields are declining at the rate of 8 percent a year. The simple truth is we’re never going above 85 million barrels of oil production."
Yoshua wrote:Adam
I have made up my mind.
Peak conventional onshore 1980
Peak conventional onshore & offshore 2005
Peak conventional & unconventional onshore & offshore 2016
Yoshua wrote:There is nowhere left to go. We are past peak oil. Now it's downhill.
Yoshua wrote:And the falling net energy from petroleum production will make the downhill ride very dangerous.
Peak conventional & unconventional onshore & offshore 2016
StarvingLion wrote:Peak conventional & unconventional onshore & offshore 2016
And General Electric stock has been in free fall since middle of 2016 going from 30 to 14. It peaked at 60 in 2000 and has been see sawing its way to 0 ever since.
Total Collapse.
Yoshua wrote:Capex = Energy
AdamB wrote:Yoshua wrote:Capex = Energy
No. The units aren't even the same...one of the first things they teach you in engineering by the way, make sure you are talking about the same units. Yours aren't.
Yoshua wrote:Capex > Cash Flow
peakoilwhen wrote:there will never be a geo-peak in oil..... blah, blah, blah...
: A Tiny Seven Step Program for Happiness, Beauty, Truth, and Love
"I see a lot of people telling us the world is crashing and burning but very little advice for little people able to plan for the future. Help!!” I get emails. And sometimes I even write essays about them. So. How is one to survive all this — these tumultuous, anxiety-inducing times? I’m going to take you through a seven step self-help program, from tiny to big, shallow to deep, and then we’ll discuss the thinking behind it. Nourish your relationships. That friend you haven’t called in a decade? That cousin you never talk to? Call them, email them, message them. Build up your social networks — not cynically as we do now, things to preen before. But instead, in the traditional sense: networks of people who look out for each other, support each other, care for one another. Not only will it bring you strength,
Tikib wrote:Peak oil, as in the threat of running out of either energy in general, or energy specifically for transportation is no longer a threat in my opinion. I have researched energy issues for a long time as many of you will know.
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