Revi wrote:The price of oil is up by almost 70%. Electricity is up by 80%. If this isn't peak oil, what is it?
Revi wrote:The price of oil is up by almost 70%. Electricity is up by 80%. If this isn't peak oil, what is it?
Revi wrote:The price of oil is up by almost 70%. Electricity is up by 80%. If this isn't peak oil, what is it?
“As the theoretical supply in 2030 exceeds the demand trajectory by more than 10 million bpd, climate policies should be more demand-focused rather than supply-focused. Supply cuts enacted within one country will largely be countered by supply increases from other countries, while demand cuts are not met with new sources of demand,” says Espen Erlingsen, head of upstream research at Rystad Energy.
rangerone314 wrote:Good at chopping wood?
Armageddon wrote:How much longer can you peak oil denier shills keep up your charade?
Pops wrote:rangerone314 wrote:Good at chopping wood?
Actually, having a little woodlot in a woods area is a main goal this time out.
Plantagenet wrote:I've got four acres of birch and alder around my cabin here, and every fall I chainsaw down some trees and then I cut 1-2 cords of firewood from trees I cut down the year before.
randomguyonabike wrote:it is going to be all over soon
The difference in the event of peak oil will be that oil production doesn't eventually increase and allow the economy to return to growth. Instead oil production continues to decline, and its portion of personal consumption increases to some point.
Doly wrote:That depends on how much oil the average person is using. With ethanol now part of the normal petrol mix, and car usage decreasing, and an increase in electric vehicles, it's quite possible that we see peak oil without any major increases in the portion of personal consumption expenditure. That seems to be what a lot of movers and shakers have been aiming for, but whether they achieve it or not is another question. In fact, there's a good argument that peak oil is happening about now, but we aren't noticing it much in the price of oil.
Car use isn't decreasing
Doly wrote:Car use isn't decreasing
More people are working from home now. It may be a temporary thing, but it could also become the new normal. The technology for home office is all there.
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