JohnDenver wrote:TonyPrep wrote:Significant though that peak was, you probably well know that all liquids production continued to grow and, according to the IEA, may have reached a new high in October 2007 (this year).
Yes, I am aware of that. However, that just goes to show that alternatives like tar sands and NGL can scale up and compensate for peak oil -- something which was said to be impossible by the peak oilers.
You write as though that's the final word. Unconventional and stocks have "scaled up" for the last couple of years, so they can continue to substitute for the decline in crude oil, and raise overall production for ever. Do you honestly think that? If not, then why do you even raise the point? If you do think that, then you must believe that unconventionals are infinite and can be produced at any rate required. If this is the case, can you prove that, or is it simply a belief?
JohnDenver wrote:Remember, the peak oiler claim has always been that *oil* is special and cannot be substituted with alternatives. That's why peak oil is so scary. The idea that liquids would smoothly substitute for oil has always been the cornucopian position.
And still is. Some of the unconventionals, as I understand NGLs, are an artifact of declining conventional reservoirs. Others take far more energy to produce than conventional. I don't understand why you think this should not be a concern.
JohnDenver wrote:So the POers can switch to liquids to salvage the peak oil theory, but we'll have to label that for what it is: a big fat backpedal, and an admission that the cornucopians were right. Oil isn't so special.
But the unconventionals
is oil. If not, what is it?
JohnDenver wrote:And it's very likely to happen again. Liquids will peak, and the economy will keep ticking along because people are shifting transportation to the power grid or other alternatives.
So now you're substituting faith for oil.
JohnDenver wrote:I have been told ad nauseum that we need 20 years to prepare for peak *oil* because the Hirsch report says so. Well, guess what. We didn't prepare for even one year, and peak oil came and went without causing a disaster, or even a recession. Peak oil mitigated itself with "liquids". So why do we need to prepare?
Because all liquids hasn't started to decline yet. Even the optimistic oil chiefs and IEA chiefs are acknowledging that declines may happen within the next 8 years. That is an enormous switch. I take it that you stick to the position that oil and scalable alternatives will never decline?
JohnDenver wrote: Pops honestly seems to think that people need to go back to the farm or can tomatoes or something to prepare for peak oil, but we now know, in retrospect, that that was unnecessary. So why should we prepare for peak liquids?
Surely you aren't serious? The market will solve all, eh?
JohnDenver wrote:The POers were demonstrably wrong about peak oil. Why should anyone believe you about peak liquids?
Perhaps because they weren't wrong? Some countries are already suffering because they can't afford the high prices, even in rich countries economic growth is marked down and oil stocks are being raided continuously. I don't know why you think the worst (which was nothing to you) is behind us.
JohnDenver wrote:However, the lack of growth in production has caused economic growth to drop. Fatih Birol estimates that the high prices have knocked 3% from African economic growth, in the last few years...
And economic growth forecasts in Europe have just been reduced.
Tony, those effects are basically a joke considering all the dire peak oil scenarios I have been entertained with since joining this forum in 2004.
Then feel free to laugh. You've offered nothing to suggest that others should also find the situation so amusing.