[Lore]

Giving up other things in a post peak oil world is the start of the economic death spiral. As predicted. You don't grow a capitalist society by the contraction of consumption in the trade off for ever more expensive energy. Pretty soon you'll be asking yourself, "who runs Barter Town"?

[rockdoc123]

$this->bbcode_second_pass_quote('', 'D')epends on when you measure it I guess. If you drilled all your Bakken wells in Year 1 and measured them, the declines would be different than if you waited a few years and measured them. Obviously you would have a lower overall rate, but also a lower decline rate. Found this publication recently and if I had the time I could pull the mean decline off the type curves provided by the USGS. Figures 5,6,7 and 8 appearing to be those of relevance.

[John_A]

$this->bbcode_second_pass_quote('Lore', 'G')iving up other things in a post peak oil world is the start of the economic death spiral. As predicted.

[Oily Stuff]

Holy Schnikies, looky here:

http://www.forbes.com/sites/christopher ... you-think/

[Pops]

Thanks OS

Frackers will "move down the continuum of sweetness".

LOL, I like it, sounds almost appealing.

.

[Oily Stuff]

Pops, yes; I liked that too!

[John_A]

$this->bbcode_second_pass_quote('Oily Stuff', 'H')oly Schnikies, looky here:

http://www.forbes.com/sites/christopher ... you-think/

[Lore]

$this->bbcode_second_pass_quote('John_A', '
')Economists call it "substitution", not "death spiral". And many things have been predicted for peak oil, and if you like Rockmans POD concept, we have been living them for decades now, some of us were born and raised in POD and we are all still here, most of us (except Beery1, he rocks! ) still motoring around paying for gasoline (like you and me).

[C8]

quote c8: The sense of urgency for an energy transition to non-fossil fuel sources has greatly diminished since the story hit.

John A reply:
It has. And it has also triggered the types of exponential growth in renewables necessary to put a real smackdown on the fossil fuel racket sometime in the not so distant future.

I'm not seeing the causal link between more fracking/shale leading to more renewables, can you explain?

[Oily Stuff]

C8, time out for a sec; please tell me the name of that pretty little frog you use as a photo, where he from comes; he is a stunning looking guy, really. Thanks.

[C8]

$this->bbcode_second_pass_quote('John_A', '
')While expensive liquid fuels can be expensive, there is no requirement we drive around in monster trucks, and we certainly aren't entering a "death spiral" because the "man" of the family doesn't drive one of these anymore. It's all just so 70's-ish.

[John_A]

$this->bbcode_second_pass_quote('Lore', '')$this->bbcode_second_pass_quote('John_A', '
')Economists call it "substitution", not "death spiral". And many things have been predicted for peak oil, and if you like Rockmans POD concept, we have been living them for decades now, some of us were born and raised in POD and we are all still here, most of us (except Beery1, he rocks! ) still motoring around paying for gasoline (like you and me).

[John_A]

$this->bbcode_second_pass_quote('C8', '[')i]quote c8: The sense of urgency for an energy transition to non-fossil fuel sources has greatly diminished since the story hit.

John A reply:
It has. And it has also triggered the types of exponential growth in renewables necessary to put a real smackdown on the fossil fuel racket sometime in the not so distant future.

I'm not seeing the causal link between more fracking/shale leading to more renewables, can you explain?

[John_A]

$this->bbcode_second_pass_quote('C8', '')$this->bbcode_second_pass_quote('John_A', '
')While expensive liquid fuels can be expensive, there is no requirement we drive around in monster trucks, and we certainly aren't entering a "death spiral" because the "man" of the family doesn't drive one of these anymore. It's all just so 70's-ish.

[ROCKMAN]

“…and if you like Rockmans POD concept, we have been living them for decades now”. It’s easy for me to point to my career starting in 1975 as being born into the POD. But the POD covers such a wide range of dynamics it doesn’t affect everyone at the same time to the same degree. And not always in a negative fashion. The late 70’s oil boom I walked into was probably more coincidental to the US reaching PO just a few years earlier. So BOOM! Oil prices jump…Iran makes noise about an embargo…folks panic…we have over 4,500 rigs drilling. And then high oil prices drive the world into a deep recession, hundreds of oil operators go under, many tens of thousands in the oil patch join the recession spawned unemployed overnight. And then US economy enjoys $10 oil. And economic growth once again begins.

High oil prices, low oil prices, high unemployment (in some segments), low unemployment (in some segments), lots of drilling…drilling bust, increased consumption…decreased consumption, focus on conservation…don’t care about conservation. The POD isn’t just about peak rates or low production rates. Not just about increasing but decreasing consumption also. Not just about high oil prices but low prices also. When in the last 30+ years has one segment prospered as a result of the then current price of oil, either high or low, and other segments felt the pain? IOW when hasn’t the POD affected some portions of the economy in a positive and negative fashion at the same time?

As Dickens said: The best of times…the worst of times. A tale of two sides of the same coin.

[C8]

Apologize for this OT spoof on BP spill- learning how to do pix and need this as reference

[C8]

$this->bbcode_second_pass_quote('Oily Stuff', 'C')8, time out for a sec; please tell me the name of that pretty little frog you use as a photo, where he from comes; he is a stunning looking guy, really. Thanks.

[Oily Stuff]

That is one awesome little frog, thank you.

[John_A]

$this->bbcode_second_pass_quote('ROCKMAN', '�')��…and if you like Rockmans POD concept, we have been living them for decades now”. It’s easy for me to point to my career starting in 1975 as being born into the POD. But the POD covers such a wide range of dynamics it doesn’t affect everyone at the same time to the same degree.

[ralfy]

What Westexas shared is important. The same goes for increasing consumption for the rest of the world.