wildbourgman wrote:I can't believe this debate continues in the same manner year after year. Peak Oil is obvious, the fact that I'm sitting on a deep water drillship in thousands of feet of water where we drill over 30,000 feet down for a resource when 26 years ago in the beginning of my career I sat in 100 feet of water drilling 14,000 feet down tells a lot.
No one disputes that the oil we now produce is quite a bit "harder" (for lack of a better term) to drill and produce then it once was.
But that isn't peak oil. Right now, peak oil because of using "harder" oil isn't even the issue for the CAUSE of peak oil. Peak oil demand is.
If you weren't on a drill ship maybe you would have noticed how much things have changed!! Just kidding, and good luck to you. My couple of years offshore convinced me to take a 65% pay cut to get back into an office.
wildbourgman wrote: Also having this debate without discussing the affects of central banking on currency and commodity prices is futile.
Peak oil, within its definition, doesn't include central banking, currency and price considerations. It is flowrate of oil. As Hubbert laid it down, it begins and ends at zero, and in between those two points, hits a maximum. That is peak oil.
All the add-ons are interesting no doubt, but they aren't peak oil. You ought to know that, as an oil man.
wildbourgman wrote:Oil fields deplete that's a fact, its whether or not we deal with that depletion in the same manner we dealt with other depletions of fuel sources, wood, coal, whale oil, ETC, that's the big question mark.
No one says oil fields don't deplete. They have been doing it before you and I were born. The good news is that the more modern concept of a dynamic resource model is in play rather than the primitive one since invalidated.