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Page added on February 2, 2015

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Forget peak oil; we’ve reached peak everything

Forget peak oil; we’ve reached peak everything thumbnail

straight.com



23 Comments on "Forget peak oil; we’ve reached peak everything"

  1. Mikeb on Mon, 2nd Feb 2015 6:16 pm 

    2nd paragraph = stop reading.

    Bee “collapse” disorder has been around since humans have kept hives. Bee populations are stable to rising.

    THis guy is a asshole.

  2. Perk Earl on Mon, 2nd Feb 2015 6:25 pm 

    “Peak oil is so last year.”

    Then why is it so hard to convince people?

  3. Plantagenet on Mon, 2nd Feb 2015 6:25 pm 

    Peak everything about now is right on schedule, according to the 1970s book “Limits to Growth”

  4. Plantagenet on Mon, 2nd Feb 2015 6:27 pm 

    Well, oil hasn’t peaked yet. In fact we’re in an oil glut. Most people who have an open mind have absorbed that fact, and it makes the “peak oil” story harder to accept.

    Nonetheless, we may well be at or near the peak right now in a whole range of commodities other than oil.

  5. yoananda on Mon, 2nd Feb 2015 6:43 pm 

    don’t forget peak water.

    competition for primary resources is already at work.
    It’s behind debt crisis (ask central banks ! lol) and uprising all over the world. Not to mention geopolitical tensions.

    Here in France we are also seeing bee disapeareance …

    It seems that Meadows was absolutely right, including time framing.
    Mortality rate will soon raise.
    Fasten your seatbelt.

  6. yoananda on Mon, 2nd Feb 2015 6:48 pm 

    there is no oil glut (no matter how many time it’s repeated), there is demand shortage.
    More over it’s no “oil” glut, it would be “barrel” glut, if there was any glut.
    Not all barrels come equal in term of final energy accessible to the economy.

    Oil net energy peak (we don’t have absolutely reliable numbers but …) would have been in 2012/2013 …

    So peak oil is already there, but, hidden behind the false abundance name “oil glut”.

  7. Makati1 on Mon, 2nd Feb 2015 6:52 pm 

    I like the predictions of future ‘peaks’ decades or even years away. Not one takes into account that when oil becomes a scarce item, the other ‘peaks’ will also occur.

    For instance, phosphate rock mining. Take away the huge mining machines and the freighters and it is gone. (You don’t mine 200,000,000 TONS of something with hand tools.) Ditto for coal, natural gas, uranium, etc. ALL now require huge machines to make their recovery possible.

    We HAVE reached peak everything, except possibly government BS and domestic gullibility. They seem to have no limits.

  8. antaris on Mon, 2nd Feb 2015 7:16 pm 

    I like to watch the shows “gold rush” and “yukon gold”. Both shows about exchanging large amounts of expensive diesel fuel for a dusting of gold. In both of these shows you can watch “after the peak” and “depletion at work”.

  9. Plantagenet on Mon, 2nd Feb 2015 7:50 pm 

    @yoananda

    Where is the “demand shortage”? The global demand for oil has gone up every year since 2009. But the supply has grown more rapidly then the demand, and supply now surpasses demand resulting in an oil glut.

    Cheers!

  10. Davy on Mon, 2nd Feb 2015 8:25 pm 

    YO is spot on with “demand shortage”. It does not matter demand continues to rise. First issue is with this demand. Is this demand really rising or is it a faux demand growth. The next issue is demand growth has to be above a certain level per the needs of the economy. If demand is subpar it is damaging. We are in a growth driven global economy not a barely growing global economy. If our global economy is barely growing entropy is winning and problems are becoming predicaments. This follows through to the oil sector because of the codependence of economy and oil supply.

    The excess supply we see now is oil that is not economic so the quality is not there. What does it matter if there is quantity if the economic usefulness of the production is lower economic quality not stimulating demand? The poor economic oil quality of the past several years has damaged growth by high prices in a distorted repressed debt driven central bank anti-deflation drive. Low interest rates and various central bank debt tools allowed a low economic quality oil to be produced that otherwise would not have been produced per normal market price discovery. This is much like we see in China and other Asian export driven economies that have mal-invested with excess industrial capacity and now are saddled with loss making industries. The oil sector over produced an expensive low quality oil. There is currently a demand shortage in a poor economic quality oil glut.

  11. Plantagenet on Mon, 2nd Feb 2015 9:37 pm 

    There is absolutely nothing wrong with the oil being produced. There is just an excess supply of it, i.e. we are in an oil glut.

  12. yoananda on Mon, 2nd Feb 2015 10:07 pm 

    oil glut is just an “intuitive” statement … it’s not really proved.

    Price is determined by offer AND demand.

    This time it’s demand shortage :
    * slow down in china
    * recession in europe
    * lack of demand in US
    * end of QE (the price of oil falls right after tapering … it’s not a coincidence).

    It’s debt crisis that fuels the oil price falldown and not oil glut, because there is no global scale growth (population growth is not sufficient when capital bring much more money than labour)

    it’s not an oil glut (repeating it won’t make it more true), it’s a demand shortage.

    I have explained that it’s just a barrel glut, not a net energy glut. So again the limitating factor is … demand !

    I have given many arguments. None of them have been refuted.

    Let’s forget “oil glut” or keep it for another time when it will be true.

    Shale oil is just a joke (based on high oil prices, low credit rates, and CAPITAL GLUT that’s searching for some yields).

    Capital glut + shortage on demand + deflation = low oil prices.

    To be fair, I would said that Saudi politics not to limit their production have added and oil glut to the demand shortage, but it’s a secondary factor, which came from competition between producers to keep market shares.

  13. Plantagenet on Mon, 2nd Feb 2015 11:17 pm 

    The definition of a glut is an oversupply of a commodity sufficient to cause a large, rapid price drop.

    That exactly describes the situation with oil.

    AND check out the news media—there is news story after story about the current oil glut. Do a search for current news with the term “oil glut” in it and you get over a million hits.

    We’re in an oil glut.

    A cat is a cat.

    E Z P Z.

    Cheers!

  14. Name on Tue, 3rd Feb 2015 12:48 am 

    It’s correct, Plant, it is an >$50/b oil glut. I like you, you’re funny and understand correctly that this is temporary (like in <1 year).

    Cheers!

  15. GregT on Tue, 3rd Feb 2015 12:53 am 

    Very good Yoananda,

    You have done your homework. I wouldn’t discount geopolitics however, given the current globalist agenda.

  16. simonr on Tue, 3rd Feb 2015 7:37 am 

    if a glut is

    The definition of a glut is an oversupply of a commodity sufficient to cause a large, rapid price drop.

    then in the context of a Peak oil discussion this is a meaningless definition.

    Reductio ad absurdum
    Mad Max discovers an old oil lorry, this would reduce market price, in the above example this would be a glut.

    As crazy as this example is, it illustrates the difficulty of ascribing terms to temporary market conditions. In the above example as soon as the oil glut is exhausted, the decline resumes, and this is the same situation we are seeing played out today.

    Simon

  17. Dredd on Tue, 3rd Feb 2015 9:33 am 

    Peak evil (The Baby Is Not The Bathwater; The Guilty Are Not The Victims).

  18. gordianus on Tue, 3rd Feb 2015 2:23 pm 

    Why is the definition of peak food different from the definition of peak anything else?

    G

  19. Makati1 on Tue, 3rd Feb 2015 7:13 pm 

    FYI:
    “The group says more than 20 pounds of food is wasted each month for each of 311 million Americans, amounting to $1,350 to $2,275 annually in waste for a family of four. Think of it as dumping 80 quarter-pound hamburger patties in the garbage each month, or chucking two dozen boxes of breakfast cereal into the trash bin rather than putting them in your pantry.”

    http://news.blogs.cnn.com/2012/08/22/40-of-u-s-food-wasted-report-says/

    “As much as half of all the food produced in the world – equivalent to 2bn tonnes – ends up as waste every year, engineers warned in a report published on Thursday.”

    http://www.theguardian.com/environment/2013/jan/10/half-world-food-waste

    THIS is why the world can support more people, not less. PEAK WASTE!

  20. Davy on Tue, 3rd Feb 2015 8:21 pm 

    Sorry makster, the world can’t support more people because FF are depleting. Your Asia is an obscene example of overshoot. You are trying hard to defend the Asian overshoot predicament but can’t. Give it up and admit how bad your Asian adventure is going to turn out.

  21. Newfie on Tue, 3rd Feb 2015 9:20 pm 

    No. We haven’t reached peak everything. Stupidity is still growing. I doubt it will peak anytime soon…

  22. Ralph on Wed, 4th Feb 2015 5:13 am 

    There is no glut of $50 oil. Brent has risen to $57 from $48 in the last 4 days.

    There is now a shortage of $50 oil.

  23. ralfy on Mon, 9th Feb 2015 1:51 am 

    There is no oil glut because we have been resorting to unconventional production to meet demand.

    Bee populations go up and down, but human dependence on them have likely been rising.

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