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Post Peak Oil; The Slow Decline?

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

Re: Post Peak Oil; The Slow Decline?

Unread postby catbox » Sat 24 May 2008, 02:07:17

I have never read that initial post you made to start the thread....glad I had a chance to read it this evening. Needless to say, you nail it and also make it clear enough for the average person to get.

Thanks for your posts!

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Re: Post Peak Oil; The Slow Decline?

Unread postby FreddyH » Sat 24 May 2008, 15:46:11

$this->bbcode_second_pass_quote('catbox', 'I') have never read that initial post you made to start the thread....glad I had a chance to read it this evening. Needless to say, you nail it and also make it clear enough for the average person to get.


While it makes great fodder for the McDoomers, MQ's 2004 analysis was far more dire than we know now about the eventual unfolding.

Demand destruction has been occurring since the crude price began its secular uptrend in early 1999. Because of affluence and currency debasement, Americans are relatively new to this party. Welcome!

As long time consumers have been falling off the wagon, new buyers from Korea, Mexico and recently Chindia etc have been taking their place.

This is merely supply and demand of a commodity running its normal course. Far be it that crude represents an anomaly from all other commidities presently enjoying the 2007/2008 spike.

EIA has announced two production records in the last seven months. This is not Peak Oil.

WRT to MQ's musings on terminal decline of 5% per year, it was a ridiculous statement in 2004; as evidenced by the geologist based forecasts of the time (eg ASPO 1.5%). And even moreso today. The prevalence of recent bottom up studies has reduced the consensus of post peak decline projection to 1.2% ... an event that is unlikely until 2019.

MQ's 5% decline rate implied an All Liquids URR of 1804-Gb. ASPO's estimate was 2500-Gb in 2004 and the present consensus is 4001-Gb.

Not to be confused with those 24-model results, my own review of MegaProjects suggests a Peak in 2011 followed by a mere 0.3%/yr to 2025.

Recent studies illustrate that the conventional crude decline rate increases gradually after Peak to an eventual 8% factor at maturity. It is a very long process.

As MQ stated, the consequences of higher crude prices will be felt by the lower class of society first. Their lack of wealth & income makes them vulnerable to food/energy inflation. At no point in the future will the middle class (wealthiest 10%) and upper class (top 1%) significantly notice Peak Oil.
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Re: Post Peak Oil; The Slow Decline?

Unread postby firestarter » Sat 24 May 2008, 16:02:44

$this->bbcode_second_pass_quote('FreddyH', 'A')s MQ stated, the consequences of higher crude prices will be felt by the lower class of society first. Their lack of wealth of income makes them vulnerable to food/energy inflation. At no point in the future will the middle class (wealthiest 10%) and upper class (top 1%) significantly notice Peak Oil.

At no point?

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Re: Post Peak Oil; The Slow Decline?

Unread postby FreddyH » Sat 24 May 2008, 16:23:47

$this->bbcode_second_pass_quote('firestarter', '')$this->bbcode_second_pass_quote('FreddyH', '
')As MQ stated, the consequences of higher crude prices will be felt by the lower class of society first. Their lack of wealth of income makes them vulnerable to food/energy inflation. At no point in the future will the middle class (wealthiest 10%) and upper class (top 1%) significantly notice Peak Oil.

At no point?
Dream on.

Lest we forget the motto of the middle class: "If you have to ask how much it costs, you can't afford it!"

U seem to be confusing the "middle class" with "two-income families"...
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Re: Post Peak Oil; The Slow Decline?

Unread postby KillTheHumans » Sat 24 May 2008, 16:30:42

$this->bbcode_second_pass_quote('FreddyH', 'W')RT to MQ's musings on terminal decline of 5% per year, it was a ridiculous statement in 2004; as evidenced by the geologist based forecasts of the time (eg ASPO 1.5%). And even moreso today.

Some of us were watching that ridiculous charade and giggling our heads off back then. Its nice to see that with time its becoming even more obvious.
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Re: Post Peak Oil; The Slow Decline?

Unread postby BabsJohnson » Sat 24 May 2008, 16:43:19

As a believer in post oil, I agree with most of your comments. However, we need to consider what the Europeans already do. 1) Make your hot water heater only operate when you need it. Yes, I know that means turning it on and off, but the saving are worth it. 2) Plan your outings, so that you make all the stops in one event. 3) Raise your thermostat. Suffer just a little for big savings. It is not necessary to have meat locker temps to be comfortable.
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Re: Post Peak Oil; The Slow Decline?

Unread postby Peleg » Sat 24 May 2008, 16:50:41

What I still cannot get is the depth of denial that people have about peak oil. My wife went to a baby shower the other day. These are Christians, people we love, people we pray for. The tome on gas prices was, 'Boy they sure are high.'

It breaks my heart to the point of tears and anger every day that I see this nation with it's foot on the gas pedal. No matter how many times you tell them, 'bridge out ahead!' they just sort of look at you with this dazed look.

By the time they see the implications it is far too late. Whether we talk plateau or gorge we needed 20 years in advance of peak to make the transition and there is no way we have gotten that.

Why is the truth so hard for people to handle?

BTW I would not gloat over the plateau. Every effort is being made to maintain it, once that last ditch is gone the declines will reflect the loan that was taken out to try to hide the truth.

5% per year. Production will be down at least 5% by next year August. Whether that is due only to supply depletion, or a combination of closing the taps to keep prices high in the face of demand destruction makes little difference.
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Re: Post Peak Oil; The Slow Decline?

Unread postby Troyboy1208 » Sat 24 May 2008, 17:00:49

Freddy H and OF2 need to get a room together...They sound like Baghdad Bob
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Re: Post Peak Oil; The Slow Decline?

Unread postby Peleg » Sat 24 May 2008, 17:25:28

$this->bbcode_second_pass_quote('FreddyH', '')$this->bbcode_second_pass_quote('catbox', 'I') have never read that initial post you made to start the thread....glad I had a chance to read it this evening. Needless to say, you nail it and also make it clear enough for the average person to get.

While it makes great fodder for the McDoomers, MQ's 2004 analysis was far more dire than we know now about the eventual unfolding.
Demand destruction has been occurring since the crude price began its secular uptrend in early 1999. Because of affluence and currency debasement, Americans are relatively new to this party. Welcome!
As long time consumers have been falling off the wagon, new buyers from Korea, Mexico and recently Chindia etc have been taking their place.
This is merely supply and demand of a commodity running its normal course. Far be it that crude represents an anomaly from all other commidities presently enjoying the 2007/2008 spike.
EIA has announced two production records in the last seven months. This is not Peak Oil.
WRT to MQ's musings on terminal decline of 5% per year, it was a ridiculous statement in 2004; as evidenced by the geologist based forecasts of the time (eg ASPO 1.5%). And even moreso today. The prevalence of recent bottom up studies has reduced the consensus of post peak decline projection to 1.2% ... an event that is unlikely until 2019.
MQ's 5% decline rate implied an All Liquids URR of 1804-Gb. ASPO's estimate was 2500-Gb in 2004 and the present consensus is 4001-Gb.
Not to be confused with those 24-model results, my own review of MegaProjects suggests a Peak in 2011 followed by a mere 0.3%/yr to 2025.
Recent studies illustrate that the conventional crude decline rate increases gradually after Peak to an eventual 8% factor at maturity. It is a very long process.
As MQ stated, the consequences of higher crude prices will be felt by the lower class of society first. Their lack of wealth & income makes them vulnerable to food/energy inflation. At no point in the future will the middle class (wealthiest 10%) and upper class (top 1%) significantly notice Peak Oil.

You people deserve what's coming.
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Re: Post Peak Oil; The Slow Decline?

Unread postby firestarter » Sat 24 May 2008, 18:04:07

$this->bbcode_second_pass_quote('FreddyH', '')$this->bbcode_second_pass_quote('firestarter', '')$this->bbcode_second_pass_quote('FreddyH', 'A')s MQ stated, the consequences of higher crude prices will be felt by the lower class of society first. Their lack of wealth of income makes them vulnerable to food/energy inflation. At no point in the future will the middle class (wealthiest 10%) and upper class (top 1%) significantly notice Peak Oil.

At no point?
Dream on.

Lest we forget the motto of the middle class: "If you have to ask how much it costs, you can't afford it!"
U seem to be confusing the "middle class" with "two-income families"...

If you really believe that what happens to 90% of the population has no significant effect on the other 10%, especially if it causes the 90 percenters lots of pain, then you're smoking crack.

The OTHER 90% will take the available technology, good and bad, and shove it up the high class 10%'s asses, even with their 24 hr armed guards.

The upper 10% might still be in a better position relative to the mere proles, but I guarantee you their comfort levels will be SIGNIFICANTLY impacted.

Lay off the toot, Freddy.
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Re: Post Peak Oil; The Slow Decline?

Unread postby KillTheHumans » Sat 24 May 2008, 18:46:46

$this->bbcode_second_pass_quote('Peleg', 'W')hat I still cannot get is the depth of denial that people have about peak oil.

Some of us are still amazed that 3 years after it happened, its tough to convince people it matters much. I wonder why that might be?

$this->bbcode_second_pass_quote('Peleg', 'B')y the time they see the implications it is far too late. Whether we talk plateau or gorge we needed 20 years in advance of peak to make the transition and there is no way we have gotten that.

20 years is fantasy perpetuated by fear mongers. We could carve millions a barrels a day out of US consumption by nothing more than behavorial changes, when something is that easy to solve, its pathetic that there are people running around claiming it would take 20 years.

$this->bbcode_second_pass_quote('Peleg', 'W')hy is the truth so hard for people to handle?

Because peak oil as an interesting factoid and the hysterical assumptions of dieoff, death and doom are two completely different things. One is a fact ( peak oil production will someday be reached ) and the other is hysterical arm waving.

$this->bbcode_second_pass_quote('Peleg', '5')% per year. Production will be down at least 5% by next year August.

Thats what people been saying...since oil peaked in 2005. Now that it has apparently peaked...again....I guess people will say it...again...and 20 years from now we'll be having this conversation about peak something else. For the record, US decline in production rates have varied, but spanning 35+ years now they are about 1.7%.

$this->bbcode_second_pass_quote('Peleg', 'W')hether that is due only to supply depletion, or a combination of closing the taps to keep prices high in the face of demand destruction makes little difference.
It sure didn't in the 70's when we peaked! Dag nabbit, it was so bad that time that we were running out that Americans had to invent the SUV to soak up all the extra!
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Re: Post Peak Oil; The Slow Decline?

Unread postby TonyPrep » Sat 24 May 2008, 19:08:08

$this->bbcode_second_pass_quote('KillTheHumans', '2')0 years is fantasy perpetuated by fear mongers. We could carve millions a barrels a day out of US consumption by nothing more than behavorial changes, when something is that easy to solve, its pathetic that there are people running around claiming it would take 20 years.
You could be right but I think you overestimate people's willingness to change behaviours and underestimate the effect on the economy of those changes.

Even if peak oil could be "solved", in the way you claim, that would not solve the unsustainable nature of our societies. Carving millions of barrels a day out of US consumption would still leave an enormous quantity of consumption which would be unable to be met forever. And rising populations and growing economies throughout the world would just add more pressure to limited resources, fossil fuels included.
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Re: Post Peak Oil; The Slow Decline?

Unread postby FreddyH » Sat 24 May 2008, 20:27:57

The eventual decline of crude will not have a direct correlation to consumption in the USA. The cost of a gallon of gas is equivalent to about fifteen minutes of labour for Americans. As the price rises, it is incredibly easy for western societies to out bid other demand entities.

The collapse of western economies and lifestyles as promoted by the McDoomers is premised on a equal reduction in market share of remaining production. That probability is absurdly low. Since Iraq2, crude has increased six fold. In the five years since 2003, Avg American habits have changed zilch.

The McDoomers were wrong in 2003. Many that post here are embarrassed by their past postings in other forums. Their present scenarios for 2013 are doomed to a similar fate.

It is 'cuz they have no background in futurism. Most are infected by instant gratification syndrome which advances the likely target dates of their events to ludicrous short time lines. Many of these event may actually come to pass, but not for many decades...
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Re: Post Peak Oil; The Slow Decline?

Unread postby firestarter » Sat 24 May 2008, 21:49:45

$this->bbcode_second_pass_quote('FreddyH', 'T')he eventual decline of crude will not have a direct correlation to consumption in the USA. The cost of a gallon of gas is equivalent to about fifteen minutes of labour for Americans. As the price rises, it is incredibly easy for western societies to out bid other demand entities.
The collapse of western economies and lifestyles as promoted by the McDoomers is premised on a equal reduction in market share of remaining production. That probability is absurdly low. Since Iraq2, crude has increased six fold. In the five years since 2003, Avg American habits have changed zilch.
The McDoomers were wrong in 2003. Many that post here are embarrassed by their past postings in other forums. Their present scenarios for 2013 are doomed to a similar fate.
It is 'cuz they have no background in futurism. Most are infected by instant gratification syndrome which advances the likely target dates of their events to ludicrous short time lines. Many of these event may actually come to pass, but not for many decades...

I agree, in part, with your last sentence; the part where many of these events may happen. Only I'm not certain, like you are, that they are decades into the future. Perhaps they are, but for you to dogmatically assert these events are only possible decades down the road is unmitigated hubris. In fact, by this fortune telling (setting rigid time lines) on your part, you are guilty of the presumptuousness that you label others here of possessing.

Get off your own high horse and then perhaps you'll be removed from the ignore list of many regulars around here, and then, perhaps, you'll be able to talk to someone other than me and the lonely echo chamber you've crafted around this neck of the cyber woods.
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Re: Post Peak Oil; The Slow Decline?

Unread postby KillTheHumans » Sat 24 May 2008, 22:24:13

$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('KillTheHumans', '2')0 years is fantasy perpetuated by fear mongers. We could carve millions a barrels a day out of US consumption by nothing more than behavorial changes, when something is that easy to solve, its pathetic that there are people running around claiming it would take 20 years.
You could be right but I think you overestimate people's willingness to change behaviours and underestimate the effect on the economy of those changes.

Fortunately, it doesn't really matter what I think about over/under estimates, it only matters that there is a system in place which works quite well balancing such things out already, and the answer is basically millions upon millions of individual decisions aggragated into what we call "economics". The only question is where does the price balance supply against demand the best?
$this->bbcode_second_pass_quote('TonyPrep', 'E')ven if peak oil could be "solved", in the way you claim, that would not solve the unsustainable nature of our societies.

Peak oil, depending on which version of it you subscribe to of course, doesn't need SOLVED because its a make believe problem.

As to whether or not our societies are unsustainable, thats a different argument.

I could point to the fact that the planet is obviously "sustaining" all of us right now ( within reason of course ) but I recognize that in this place, such inconvenient realities aren't allowed to interfere with the speculation at hand.
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Re: Post Peak Oil; The Slow Decline?

Unread postby MonteQuest » Sat 24 May 2008, 22:29:41

$this->bbcode_second_pass_quote('FreddyH', ' ')While it makes great fodder for the McDoomers, MQ's 2004 analysis was far more dire than we know now about the eventual unfolding.

Oh? And you think the eventual unfolding is over, then ?
$this->bbcode_second_pass_quote('', 'W')RT to MQ's musings on terminal decline of 5% per year, it was a ridiculous statement in 2004; as evidenced by the geologist based forecasts of the time (eg ASPO 1.5%). And even moreso today. The prevalence of recent bottom up studies has reduced the consensus of post peak decline projection to 1.2% ... an event that is unlikely until 2019.

Existing fields are showing a 4 to 5% decline today. You posit that new finds and production will not only offset that decline rate but reduce it to 1.2%?

We do not know what the decline rate will be. We can only look to the trend..and the trend is much higher than 5% for many major fields, Cantarell, North Sea, Prudhoe..all in double digits.

Not to mention the decline rate of exports from oil producing countries as internal consumption rises or they reduce production to preserve their reserves...or war is waged over the remaining scarce resources.
$this->bbcode_second_pass_quote('', 'A')s MQ stated, the consequences of higher crude prices will be felt by the lower class of society first. Their lack of wealth & income makes them vulnerable to food/energy inflation. At no point in the future will the middle class (wealthiest 10%) and upper class (top 1%) significantly notice Peak Oil.

Sorry, they already notice it and I live in a rich area. And since when was the middle class the wealthiest 10%???
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Re: Post Peak Oil; The Slow Decline?

Unread postby KillTheHumans » Sat 24 May 2008, 22:31:58

$this->bbcode_second_pass_quote('FreddyH', 'T')he collapse of western economies and lifestyles as promoted by the McDoomers is...

Gotta remember that one Freddy, McDoomers.
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Re: Post Peak Oil; The Slow Decline?

Unread postby KillTheHumans » Sat 24 May 2008, 22:38:40

$this->bbcode_second_pass_quote('MonteQuest', '')$this->bbcode_second_pass_quote('', 'W')RT to MQ's musings on terminal decline of 5% per year, it was a ridiculous statement in 2004; as evidenced by the geologist based forecasts of the time (eg ASPO 1.5%).
Existing fields are showing a 4 to 5% decline today. You posit that new finds and production will not only offset that decline rate but reduce it to 1.2%?

The cumulation of all US declines is 1.7%, so I'm guessing Freddys 1.2% has a better shot at being right than your 5%.
$this->bbcode_second_pass_quote('MonteQuest', 'W')e do not know what the decline rate will be.

Well, YOU don't anyway. Obviously with US total oil production INCREASING last year, we can't even TALK about overall declines right now, can we?
$this->bbcode_second_pass_quote('MonteQuest', 'W')e can only look to the trend..and the trend is much higher than 5% for many major fields, Cantarell, North Sea, Prudhoe..all in double digits.

And when we look at even larger regions than that we get 1.7% spanning 35+ years.

Jeez Monte, you go away for a day or three and just forget EVERYTHING or what?
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Re: Post Peak Oil; The Slow Decline?

Unread postby MonteQuest » Sat 24 May 2008, 22:41:13

$this->bbcode_second_pass_quote('KillTheHumans', ' ') I could point to the fact that the planet is obviously "sustaining" all of us right now ( within reason of course ) but I recognize that in this place, such inconvenient realities aren't allowed to interfere with the speculation at hand.

The planet is only "sustaining" all of us right now through drawdown while the carrying capacity is being continuously diminished. Overshoot is not a sustainable condition.
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Re: Post Peak Oil; The Slow Decline?

Unread postby MonteQuest » Sat 24 May 2008, 22:50:08

$this->bbcode_second_pass_quote('KillTheHumans', ' ')Jeez Monte, you go away for a day or three and just forget EVERYTHING or what?

I haven't forgot that you are a troll and best ignored.

However, I'll use CERA as a source...and we know how optimistic they are..
$this->bbcode_second_pass_quote('', 'O')utput from the world's oil fields is declining at 4.5 percent per year -- significantly slower than the 8 percent rate many analysts have assumed, according to a study by Cambridge Energy Research Associates released Thursday.

http://uk.reuters.com/article/oilRpt/id ... 6720080117
$this->bbcode_second_pass_quote('', 'D')epletion never sleeps. Consider the enormous implications of a 4.5% decline rate. If you start with 85 million barrels a day in 2007, but lose 4.5% each year, by 2017 you’ve lost 31 mbd. That’s the equivalent of losing the world’s four largest oil producers: Saudi Arabia, Russia, the USA and Iran. By 2030, you’ve lost 55 mbd, or as much as all the non-Opec nations now provide. Remarkably, CERA finds this to be “good news.”

Link
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