Re: The Fallacy of predicting production
Posted: Fri 02 Mar 2012, 10:00:53Besides oil production, there's also oil production per capita, which peaked in 1979.
AirlinePilot wrote:The reason Im pointing this out is simple. We continue to see people post here showing charts and graphs which Include reports and predictions from these "credible" agencies which support that global crude production is climbing. Total Liquids are, but barely.
Oh yes, "total liquids".
My dictionary defines "total liquids" as "we are hoping you do not understand energy density".
Energy Units and Conversions
by Dennis Silverman / U. C. Irvine, Physics and Astronomy
Crude Oil 5.6 million BTU/barrel
Natural gas liquids 4.2 million BTU/barrel
Approximate but good enough for this statement:
To combine those two liquids into a single count of barrels hides reductions in the available energy from liquid fuels.
I have yet to see a chart of "BTUs from total liquids over time". They probably exist in private and they probably look frightening.