mortifiedpenguin wrote:What effects do you think this would have on the future?
I'm not sure if we could stop PO, but we would definitely slow it down. All those people working on solutions for PO, we'd be bound to come up with something.
deconstructionist wrote: we'd continue to dominate the globe millitarily to exploit oil resources.
Tyler_JC wrote:But not enough soldiers would show up for duty. Most would be home, protecting their families from the chaos.
Tyler_JC wrote:Here's what New York City would look like in about 5 hours.
mortifiedpenguin wrote:What effects do you think this would have on the future?
I'm not sure if we could stop PO, but we would definitely slow it down. All those people working on solutions for PO, we'd be bound to come up with something.
AdamB wrote:mortifiedpenguin wrote:What effects do you think this would have on the future?
I'm not sure if we could stop PO, but we would definitely slow it down. All those people working on solutions for PO, we'd be bound to come up with something.
Some of the thinking behind "old school" peak oil is still fascinating, and perhaps valid, to this very day.
So posts abound as to what peak oil might look like (including the parrots still claiming the same things that certainly DIDN'T happen post peak oil in 2018). Now we know better in many ways. We are 6 years most recent peak oil, we know the instant doom nonsense was a crock, but the argument has been made of an intersection between government borrowing, markets, gold prices, growing facism around the world, and all sorts of bad things, might be a consequence as more of a "slow burn" effect.
Unfortunately, there is an accompanying fact running right alongside the 2018 peak oil, and that is price. So here is the October of 2018 reference (peak month).
ICE Brent prices reached four-year highs above $85/bbl in early October. The Brent-WTI differential has widened to $9/bbl as US price increases were weaker. Product prices failed to match the gains made by crude.
IEA 2018 Market Report
And same report for September 2024
The rapid decline in global oil demand growth in recent months, led by China, has fuelled a sharp sell-off in oil markets. Brent crude oil futures have plunged from a high of more than $82/bbl in early August to a near three-year low at just below $70/bbl on 11 September, despite hefty supply losses in Libya and continued crude oil inventory draws.
I mean...6 of one, half dozen of another...6 years after peak oil. Global economy over past 6 years?
Well, 5 years after peak oil....most of the countries of the world have continued to grow nicely...without any more additional crude oil. Lets hear it for efficiency, EVs, renewables, and all those things that dispatched the neanderthal thinking of peak oil = doom.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada wrote:I wonder about your oil consumption figures, one of the sites I rely on says 2024 is averaging the highest oil consumption per day yet recorded.
LINK
Raw link; https://www.statista.com/statistics/271 ... il-demand/
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