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PeakOil is You

PeakOil is You

Peak oil debate

General discussions of the systemic, societal and civilisational effects of depletion.

Re: Peak oil debate

Unread postby Outcast_Searcher » Tue 01 Jun 2021, 13:09:09

jedrider wrote:I told you all that we were at PEAK Oil already in 2019. Now, just as demand is picking up, prices are rising as well to keep oil consumption in check.

That's how economics work. FOR EVERYTHING. Supply and demand is very much "a thing", and price helps keep them in balance, plus maximize revenue for self-interested producers of economic goods. Same as it ever was.

What does that have to do with "peak oil"? (That's not generally a temporary condition as the usual doomer types around here frame it). If the price rises high enough, more effort will be made to produce oil that has been shut in, previously deemed uneconomic at lower prices, etc.

Oh, and of course, if the price gets high enough, it makes BEV's, PHEV's and even HEV's look MUCH MUCH better, to the extent they can save a hell of a lot of gasoline burning by owners using their cars in certain ways. Like mostly city drivers for HEV's -- it doesn't take long to make the cost case compelling for, say, Toyota HEV's with a small price premium over the ICE's, if gasoline is at $5 or more. And if it's at $3 in central KY, it sure as hell could get there in quite a few US cities if WTI gets well over $100 in time.

At that point, demand would be meaningfully lowered over time, even as people continue to drive a lot. It's wonderful for consumers to have more choices.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Peak oil debate

Unread postby jedrider » Tue 01 Jun 2021, 13:46:21

Outcast_Searcher wrote:What does that have to do with "peak oil"?


Everything. We are just waiting for the moment that 'peak oil' occurs. Nothing more.

'Peak Oil' is NOT the moment that we CANNOT produce more oil. It is just the moment that we DO produce peak oil.

Because, Oil is NOT really produced, but is extracted from a limited and 'most essential' resource.
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Re: Peak oil debate

Unread postby aadbrd » Tue 01 Jun 2021, 14:44:18

Ah, yet another debate over the definition of the term. How useful.
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Re: Peak oil debate

Unread postby jedrider » Tue 01 Jun 2021, 16:40:33

aadbrd wrote:Ah, yet another debate over the definition of the term. How useful.


Well, we're going to discover whether money can substitute for oil in propelling economic growth.

Of course, there is electrification which is a substitute for oil, but how far can that take us?
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Re: Peak oil debate

Unread postby AdamB » Tue 01 Jun 2021, 21:03:04

jedrider wrote:
aadbrd wrote:Ah, yet another debate over the definition of the term. How useful.


Well, we're going to discover whether money can substitute for oil in propelling economic growth.


As it turns out, that is exactly what old school peak oilers said could never happen.

And then, when it did happen, blamed their bad peak oil predictions on it.

You sure you want to establish that peak oilers can't be bothered to learn from their mistakes...again?
StarvingPuutyTat says: I'm so confident in my TOTAL COLLAPSE is IMMINENT prediction that I stake my entire reputation on it. It will happen this year. - Aug 3-2020

Mustang19 says: Mods, I am just here to troll the trolls. I mean no harm.
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