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.
StarvingLion wrote:I never knew you could fill up the gas tank with debt.
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.
StarvingLion wrote:I never knew you could fill up the gas tank with debt.
Even the poor people on the street with an IQ of 15 know the Peak Oil story is bullshit. And if you tell them "Capital vs Labor is the reason you are poor", the answer is "No shit, duh!".
Revi wrote:I think that "capital" represented extra energy we had from fossil fuels. When that goes we will have to figure something else out. Back to a silver and gold based money system? It could work, and it did for thousands of years. Maybe go back to real fractional reserve banking where they only lent out 10x the amount of silver and gold they had in their vaults.
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.
So 3Tb total (including the 1 trillion already burned) that might be produced "fast"– before and for a while after the peak. Looking at the Magic Ouija chart of simple logistic curves in the OP, 3T gives a peak date or at least an End-Of-The-Plateau date of 2016.
Actually I hadn't done that little exercise until just now, but like any good peaker prediction it's 2 yeas later than my original prediction of '12-'14 so that must be right! LOL
Pops wrote:I kicked this rock over looking for the chart on the OP but there is some good stuff here from Roc, and another WAG from pops about the relative rate of extraction of liquids vs heavies.
ROCKMAN wrote:And given the damage done to the oil patch as a result of those enabling high oil prices that have now disappeared how many years, maybe even a decade+, before the next 0.9% is added to future new reserves? IMHO sounds like some rather slim hope for even such very small gains.
ROCKMAN wrote:It's not the rate oil production or the increase/decreases we see along the plateau that are critical per se. It's the effects on all the dynamics that make up our entire economic system.
Plantagenet wrote:Actually peak oil is defined solely on the basis of oil production rate.
The concomitant economic effects are not part of the definition of peak oil
MonteQuest wrote:Plantagenet wrote:Actually peak oil is defined solely on the basis of oil production rate.
The concomitant economic effects are not part of the definition of peak oil
That's true...but PO is an economic crisis and not an energy crisis.
It's how it manifests itself.
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