$this->bbcode_second_pass_quote('burritos', '[')code]So, you posit that the decline in gasoline consumption due to higher prices will not only decrease overall consumption, but allow for economic growth, and meet new demand from the coming 3 billion more by 2050? [/code]
No I did not say there would be an economic growth. I do believe, though, there will be growth in alternative energy to resustitate the severe global economic depression which is inevitable because of secondary peak oil effects.
PeakOil is You
Peak oil will be our epiphany, and that's a good thing...
Re: Peak oil will be our epiphany, and that's a good thing..
by MonteQuest » Fri 23 Mar 2007, 18:00:41
Oh, so who will do without energy so that we can divert their energy to alterrnatives?
And what of the 3 billion newcomers?
What will they do for energy, jobs, clothing, housing if there is no energy for growth due to peak oil?
How will we service the debt?
No growth means no new loans.
The money supply deflates.
There is no money for investments in anything.
$this->bbcode_second_pass_quote('', 'I') don't know. How off were the tobacco industry in predicting how safe smoking was? How off are fossil fuel energy corporation's scientists on global warming. Nothing like funding science that props one's bottom line.
Here's a lesson on this site for you. You cannot just shoot the messenger or just question the source, you have to refute the data and the facts.
You say you don't know how far off their projections are. Then how can you be so sure they are not spot on?
In 2000, the EIA estimated overall energy consumption will rise 60 percent from 1997 to 2020.
In 2006, The EIA projects world energy consumption to increase by 71 percent from 2003 to 2030 with fossil fuels continuing to supply much of the energy used worldwide, with oil remaining the dominant energy source.
In other words, there are no plans nor any considerations for a ramp up on the scale you envision...and if you think we can do it while in crisis mode with gas rationing at the pump and widespread economic chaos, you are just flat out dreaming.
That is not doomer thinking, that is reality based upon the facts.
$this->bbcode_second_pass_quote('EIA', 'T')o meet the projected increase in world oil demand in the reference case, total petroleum supply in 2030 will need to be 38 million barrels per day higher than the 2003 level of 80 million barrels per day.
You don't see the current projection of a 71% increase in energy demand making any growth from a solar/wind base of less than 1% rather insignificant?
$this->bbcode_second_pass_quote('', 'R')ising fossil fuel prices also allow renewable energy sources to compete economically in the electric power sector. Consumption of hydroelectricity and other gridconnected renewable energy sources expands by 2.4 percent per year—approximately the same as the rates of growth projected for natural gas and coal—and the renewable energy share of the world’s total energy consumption increases from 8 percent in 2003 to 9 percent in 2030. Much of the projected growth in renewable electricity generation results from the expected completion of large hydroelectric facilities in non-OECD nations...
http://www.eia.doe.gov/oiaf/ieo/pdf/0484(2006).pdf
What bottom line are they trying to prop up?
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
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MonteQuest - Expert
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As you can see, we will hold you feet to the fire.
