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PO effect postponed?

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

Re: PO effect postponed?

Unread postby DoomersUnite » Sun 23 Jan 2011, 20:12:09

$this->bbcode_second_pass_quote('dsula', 'S')o it looks like we got the serious effects of PO postponed, no collapse, die-off, zombies for long time to come as it seems (I remember it was scheduled for Christmas 2008)

1. more oil found than used in 2010
2. tons of NG available
3. high oil prices spur research in all kind of alternatives
4. high oil price spur research and investemnt in oil recovery


What dou you say, we postpone for another 20 or 30 years, and then meet again?


I was just noting the same thing myself. For me the big flag just happened in the last couple months, I log in after another couple months of BAU and found just some of the things you mentioned. Oil being found all over the place, recovery in the US going on for awhile now, solutions popping up all over the place, and the whole peak oil = bad stuff happening just ain't working.

These things happen generation to generation, so yeah, another 20-30 and all our kids can google up this place in the archives, see everything talked about, and see if any of it had any value. Certainly in the time frame its been a bust.
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Re: PO effect postponed?

Unread postby Sixstrings » Sun 23 Jan 2011, 20:28:55

$this->bbcode_second_pass_quote('dsula', 'S')o it looks like we got the serious effects of PO postponed, no collapse, die-off, zombies for long time to come as it seems (I remember it was scheduled for Christmas 2008)

(snip)

What dou you say, we postpone for another 20 or 30 years, and then meet again?


One thing about it, the time is approaching when we're going to have to start re-evaluating the more sexy Zombie doomstead aspects of peaker doom. At some point it begins to hurt credibility, like Rupert predicting collapse every year and what if civilization lasts long enough for Kunstler to start a "World Made by Hand: The Next Generation" series of novels.

Not that I've gone cornie, but I have to admit I'm going to start having some doubts in a year or two. I can't be a doomer for five, ten, twenty years it's jut not in me. THEN AGAIN.. there are others out there who have a lot to say about fast crash who aren't even peakers. I've seen some FORA tallks from a Harvard professor, can't recall his name. He makes a compelling case that collapse can happen surprisingly fast. Of course he's thinking USSR type collapse, not exactly "zombie doom." But going with that example, the USSR was really a slow collapse for its whole history -- and then boom, it fell apart surprisingly fast.

So that's where I'm at. If it becomes obvious that it's either Slow Collapse / cornies are right, then I'll have to move on and stop thinking about this stuff so much. And of course there are shades of collapse, the US could wind up like Mexico and while Mexico sort of sucks it's not the end of the world.

Ultimately, I think the important thing is that people not make major life changes based on the timetable for collapse. It's just my opinion, but whatever you do make sure it fits in with either scenario -- fast crash or thirty years from now. There's a lot to like about a powered-down, rural lifestyle so hopefully those that choose that now also happen to enjoy it anyway regardless of peak oil.
Last edited by Sixstrings on Sun 23 Jan 2011, 21:46:23, edited 1 time in total.
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Re: PO effect postponed?

Unread postby Sixstrings » Sun 23 Jan 2011, 20:36:36

$this->bbcode_second_pass_quote('DoomersUnite', ' ')Oil being found all over the place, recovery in the US going on for awhile now, solutions popping up all over the place, and the whole peak oil = bad stuff happening just ain't working.


Well.. economic collapse is still an open question. And I think it's connected to peak oil, but we'll see. Anyhow there are some things that have to play out economically.. all you have to do is read the news, Zerohedge, guys like Max Keiser, Tickerforum, automaticearth, even mainstream. It's all coming to a head, capitalism *appears* to be headed for end stage. It's getting to the point where new debt isn't creating new money, and that situation demands some kind of collapse, we cannot operate without creating new money.
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Re: PO effect postponed?

Unread postby DoomersUnite » Sun 23 Jan 2011, 20:41:31

$this->bbcode_second_pass_quote('ian807', '')$this->bbcode_second_pass_quote('dsula', '
')What dou you say, we postpone for another 20 or 30 years, and then meet again?

Funny, you should mention that timeframe. With about 1.3 trillion barrels of estimated crude and a consumption rate of about 30 billion barrels a year, 30 some odd years would be about right before all the conventional stuff is gone.


Not quite. Reserves are just current inventory, 30 odd years assumes no more is added to inventory, and as has been previously mentioned, we are adding more than we consume nowadays. For every year that happens, we can add 1+ years to inventory, so we get MORE.

And while some don't like talking about the red headed stepchild in the room, when that stepchild grows by 25% the size of all conventional oil in inventory, it suddenly doesn't matter anymore WHO the daddy is, you can't ignore the kid.

$this->bbcode_second_pass_quote('ian807', '
')Natural decline starts getting noticeable in 2015-2020 timeframe. Artificial shortages due to terrorism, resource nationalism or international conflict may shorten that, or accelerate the decay already in progress. I'd bet on that.


Natural decline has been happening since 1859. August. Wouldn't put too much faith in it as an indicator of much.
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Re: PO effect postponed?

Unread postby DoomersUnite » Sun 23 Jan 2011, 20:48:00

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('', 'S')till, demand isn't declining. The robust Asian economies will see to that for a while, so prices will keep going up. Then what?


New energy sources will be revealed.


Whats wrong with just using less of some of the old ones, while we use more of other old ones? The photo-voltaic effect was discovered in what, 1839? This new fangled oil stuff should just be discarded immediately so people will stop getting upset about it.
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Re: PO effect postponed?

Unread postby DoomersUnite » Sun 23 Jan 2011, 20:50:30

$this->bbcode_second_pass_quote('Nefarious', ' ')Run out and buy an SUV !! 8)


Agreed. When the price of gas hits $4/gal this summer, count me in. They'll be selling the things for 50% discounts. Wait until the demand crashes again as people rush out to acquire Priuses and the new electrics, and then sell it for more than you paid in a year or so. Smart thinking...
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Re: PO effect postponed?

Unread postby DoomersUnite » Sun 23 Jan 2011, 20:59:04

$this->bbcode_second_pass_quote('Leutnant', '
')And then there is the EROEI factor.


What EROEI factor? Lets face the reality of EROEI, if it mattered, we wouldn't be producing unconventionals at all. Chavez couldn't certify his oil as reserves. The Canadians would produce 0 barrels of tar sands per day instead of a million+ barrels. When you can point out how this "effect" has ever stopped a single barrel of mcf from being produced in the history of the world, grab a link quick because Leut, you will be the FIRST to have found it!
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Re: PO effect postponed?

Unread postby DoomersUnite » Sun 23 Jan 2011, 21:06:43

$this->bbcode_second_pass_quote('Sixstrings', '
')Not that I've gone cornie, but I have to admit I'm going to start having some doubts in a year or two.


Quite an admission. I often have wondered, how many more years of traffic jams, pickup truck sales in Texas (everyone and their grandmother has a jacked up truck here in Houston), airlines flying everywhere for reasonable rates, food in the grocery stores, the question is more, have ANY peaker hopes for disaster come true, versus just normal business cycle stuff?
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Re: PO effect postponed?

Unread postby vtsnowedin » Sun 23 Jan 2011, 21:36:08

:roll: Ayup, everything is just hunky dory. Gas at the local station is up to 3.15 a gallon and going up just .02 per week in the off season. This summer it probably won't go over 4.50 or 4.75. And just 24 percent of mortgages are underwater nationwide, nothing to worry about. Unless your one of the 19 percent actual unemployed that can't pay the mortgage or refinance it, or find a buyer. You can rely on the state except 46 out of 50 are in deep deficit trouble with three of the biggest in real danger of Bankruptcy except there is no legal way for them to do that so they will have to come up with something worse. Maybe the feds will bail them out but wait the feds are spending a trillion more then they are taking in every year and borrowing it from the Chinese. This may not be a fast crash but it's walking along at a pretty good clip. Oh and the ice is melting and methane is bubbling out of the ESCS and we will soon all drown or starve from climate change. And food is getting cheaper by the day. Not!!
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Re: PO effect postponed?

Unread postby ian807 » Sun 23 Jan 2011, 21:53:20

$this->bbcode_second_pass_quote('DoomersUnite', '')$this->bbcode_second_pass_quote('ian807', '')$this->bbcode_second_pass_quote('dsula', '
')What dou you say, we postpone for another 20 or 30 years, and then meet again?

Funny, you should mention that timeframe. With about 1.3 trillion barrels of estimated crude and a consumption rate of about 30 billion barrels a year, 30 some odd years would be about right before all the conventional stuff is gone.


Not quite. Reserves are just current inventory, 30 odd years assumes no more is added to inventory, and as has been previously mentioned, we are adding more than we consume nowadays. For every year that happens, we can add 1+ years to inventory, so we get MORE.

We've momentarily added more than we used, mostly due to Brazil.

As for adding more every year forever, you can't be serious.

$this->bbcode_second_pass_quote('DoomersUnite', '
')

$this->bbcode_second_pass_quote('ian807', '
')Natural decline starts getting noticeable in 2015-2020 timeframe. Artificial shortages due to terrorism, resource nationalism or international conflict may shorten that, or accelerate the decay already in progress. I'd bet on that.


Natural decline has been happening since 1859. August. Wouldn't put too much faith in it as an indicator of much.
I have this funny faith in arithmetic, particularly when applied to finite quantities of anything.
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Re: PO effect postponed?

Unread postby Sixstrings » Sun 23 Jan 2011, 21:56:45

$this->bbcode_second_pass_quote('vtsnowedin', ':')roll: Ayup, everything is just hunky dory. Gas at the local station is up to 3.15 a gallon and going up just .02 per week in the off season. ... Unless your one of the 19 percent actual unemployed that can't pay the mortgage or refinance it, or find a buyer. You can rely on the state except 46 out of 50 are in deep deficit trouble with three of the biggest in real danger of Bankruptcy except there is no legal way for them to do that so they will have to come up with something worse. Maybe the feds will bail them out but wait the feds are spending a trillion more then they are taking in every year and borrowing it from the Chinese. This may not be a fast crash but it's walking along at a pretty good clip.


Yup. Anybody calling off Doom just hasn't been reading economic news. I'm convinced oil is tied into that.

I guess I'm really waiting to see how the eocnomic doom plays out. Lots of things have yet to play out before it's time to rejoin the sheeple. :lol:
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Re: PO effect postponed?

Unread postby DoomersUnite » Sun 23 Jan 2011, 22:07:11

$this->bbcode_second_pass_quote('vtsnowedin', ':')roll: Ayup, everything is just hunky dory. Gas at the local station is up to 3.15 a gallon and going up just .02 per week in the off season.


Peak oil isn't about real gasoline prices being lower today than they were 30+ years ago. If you object to current gasoline prices, I would suggest an obvious solution...use less. Change your lifestyle so that it doesn't bother you. A suggestion we should all follow I might add, regardless of how much we like the current gasoline prices over the ridiculously high ones we had in the 70's...accompanied by rationing and shortages I might add. Something peak oil sure hasn't caused...so I'm more worried about PEOPLE caused oil problems than any geologic lack of supply.

$this->bbcode_second_pass_quote('vtsnowedin', '
')This summer it probably won't go over 4.50 or 4.75. And just 24 percent of mortgages are underwater nationwide, nothing to worry about.


Lots to worry about. The real estate market is certainly one of them. Oil isn't. Energy isn't. Easy solution? Big downpayments, rather than the ridiculous stunts people were pulling with NINJA loans and such.

$this->bbcode_second_pass_quote('vtsnowedin', '
')Did I miss anything?


Yes. All the stuff which was supposed to be related to peak oil, rather than American excesses with houses or the bursting of some bubble or another with the predictable, and normal, results. I'm sure the "housing market sucks" routine would play better at "housingdisaster.com" or some such place?
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Re: PO effect postponed?

Unread postby thuja » Sun 23 Jan 2011, 22:12:58

PO effect postponed? Hardly. Unfortunately most of the Peak Oil websites were hacked by fast crash zombie lovers. But any sane person would examine the reality of peak and see that it would cause unrelenting economic chaos in the form of supply constriction forcing higher prices followed by demand destruction in ever deepening and volatile cycles. These cycles would cause unrelenting cascading and deepening recessions...i.e. The slow crash aka the long emergency.

Folks...we're in the thick of it. The price of oil has been pressured upwards by a supply plateau and never ceasing demand. Check out the graph of the last 10 years. Examine the volatility. See the average price continue to soar.

http://chart.apis.google.com/chart?chtt=Crude+oil,+avg,+spot++price+chart&chts=000000

PO effect postponed? PO effect right on schedule. Get ready for increasing volatily and increasing price pressure. Get ready for deepening into the Long Emergency...
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Re: PO effect postponed?

Unread postby DoomersUnite » Sun 23 Jan 2011, 22:13:55

$this->bbcode_second_pass_quote('ian807', '
')We've momentarily added more than we used, mostly due to Brazil.

As for adding more every year forever, you can't be serious.


I'm not sure. Peakers have been claiming for decades now we've been using more than we consume. Maybe someone needs to update that old peaker chart and see if last year was an anomaly? And if it was...WHY after decades? What wasn't being discovered over the past decades which are now reversing a multi-decade non-finding problem? And will it continue? At the ASPO meeting a year or two back some guy was talking about 500 billion barrels in those Brazilian basins, maybe this most recent surge is just a shot across our bows?

$this->bbcode_second_pass_quote('ian807', '
')I have this funny faith in arithmetic, particularly when applied to finite quantities of anything.


Me too. Like when people start adding up all the oil we find and it is more than we consume. And that discovery graph stays suspiciously.....silent.....
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Re: PO effect postponed?

Unread postby DoomersUnite » Sun 23 Jan 2011, 22:19:12

$this->bbcode_second_pass_quote('thuja', 'P')O effect postponed? Hardly. Unfortunately most of the Peak Oil websites were hacked by fast crash zombie lovers.


I wouldn't consider Colin Campbell a fast crash zombie lover. He was looking for permanently high prices and ever decreasing supply back more than a decade ago. Peak oil websites don't define the peak oil universe, for exactly the reasons you mention.
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Re: PO effect postponed?

Unread postby ian807 » Sun 23 Jan 2011, 22:40:48

$this->bbcode_second_pass_quote('DoomersUnite', '')$this->bbcode_second_pass_quote('ian807', '
')We've momentarily added more than we used, mostly due to Brazil.

As for adding more every year forever, you can't be serious.


I'm not sure. Peakers have been claiming for decades now we've been using more than we consume. Maybe someone needs to update that old peaker chart and see if last year was an anomaly? And if it was...WHY after decades? What wasn't being discovered over the past decades which are now reversing a multi-decade non-finding problem? And will it continue? At the ASPO meeting a year or two back some guy was talking about 500 billion barrels in those Brazilian basins, maybe this most recent surge is just a shot across our bows?

$this->bbcode_second_pass_quote('ian807', '
')I have this funny faith in arithmetic, particularly when applied to finite quantities of anything.


Me too. Like when people start adding up all the oil we find and it is more than we consume. And that discovery graph stays suspiciously.....silent.....

You're missing the obvious point that oil is finite and will someday be used up. People can "talk" about 500 billion barrels, but until it's a barrel in storage, it's an idea. Reservoir engineers, or at least, the ones in my company, will tell you that it's not possible to estimate reserves precisely, particularly in deep water environments where the seismic is sketchy and you can't just drill wells everywhere for verification (too expensive). Our clients twist themselves in knots trying to figure out if the bright spots on the seismic data is oil or an artifact. Pay zones are equally iffy, depending on economic as well as geologic factors. There's some science involved, but a lot of it's art, even after the wells are drilled. Estimates go down as well as up.
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Re: PO effect postponed?

Unread postby DoomersUnite » Sun 23 Jan 2011, 22:59:46

$this->bbcode_second_pass_quote('ian807', '
')You're missing the obvious point that oil is finite and will someday be used up.


I apologize, you are completely correct of course.

$this->bbcode_second_pass_quote('ian807', '
')People can "talk" about 500 billion barrels, but until it's a barrel in storage, it's an idea.


Not really. Storage in the ground really IS storage. If you are referring to the Orinoco, we aren't talking about the possibility of oil existing, only its recoverable size.

$this->bbcode_second_pass_quote('ian807', '
')Our clients twist themselves in knots trying to figure out if the bright spots on the seismic data is oil or an artifact. Pay zones are equally iffy, depending on economic as well as geologic factors. There's some science involved, but a lot of it's art, even after the wells are drilled. Estimates go down as well as up.


There are different types of uncertainty. Identifying a prospect from seismic is completely different than drilling a hole in the Orinoco, measuring what comes out, and doing the same thing around the field to determine the geochemical properties of the oil as well as the geology and size of the trap.
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Re: PO effect postponed?

Unread postby peripato » Mon 24 Jan 2011, 01:04:51

$this->bbcode_second_pass_quote('vision-master', 'G')as/ oil prices are high due to devaluation of the dollar. :lol:

I swear, this place is a cult. :badgrin:


The fact that the oil supply has increased effectively by ZERO during the past 6 years has nothing to do with it I guess. :roll:
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Re: PO effect postponed?

Unread postby peripato » Mon 24 Jan 2011, 01:19:54

$this->bbcode_second_pass_quote('ian807', '')$this->bbcode_second_pass_quote('DoomersUnite', '')$this->bbcode_second_pass_quote('ian807', '
')We've momentarily added more than we used, mostly due to Brazil.

As for adding more every year forever, you can't be serious.


I'm not sure. Peakers have been claiming for decades now we've been using more than we consume. Maybe someone needs to update that old peaker chart and see if last year was an anomaly? And if it was...WHY after decades? What wasn't being discovered over the past decades which are now reversing a multi-decade non-finding problem? And will it continue? At the ASPO meeting a year or two back some guy was talking about 500 billion barrels in those Brazilian basins, maybe this most recent surge is just a shot across our bows?

$this->bbcode_second_pass_quote('ian807', '
')I have this funny faith in arithmetic, particularly when applied to finite quantities of anything.


Me too. Like when people start adding up all the oil we find and it is more than we consume. And that discovery graph stays suspiciously.....silent.....

You're missing the obvious point that oil is finite and will someday be used up. People can "talk" about 500 billion barrels, but until it's a barrel in storage, it's an idea. Reservoir engineers, or at least, the ones in my company, will tell you that it's not possible to estimate reserves precisely, particularly in deep water environments where the seismic is sketchy and you can't just drill wells everywhere for verification (too expensive). Our clients twist themselves in knots trying to figure out if the bright spots on the seismic data is oil or an artifact. Pay zones are equally iffy, depending on economic as well as geologic factors. There's some science involved, but a lot of it's art, even after the wells are drilled. Estimates go down as well as up.

ian807, give it up. Obviously DU and all the other cornucopians hereabouts know more about oil than you or anybody else working in the industry. They are busy rewriting the parameters of the oil game where terms like; "proven reserves", "economically viable" and "existing technology" do not matter.
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Re: PO effect postponed?

Unread postby dolanbaker » Mon 24 Jan 2011, 07:20:38

$this->bbcode_second_pass_quote('thuja', 'P')O effect postponed? Hardly. Unfortunately most of the Peak Oil websites were hacked by fast crash zombie lovers. But any sane person would examine the reality of peak and see that it would cause unrelenting economic chaos in the form of supply constriction forcing higher prices followed by demand destruction in ever deepening and volatile cycles. These cycles would cause unrelenting cascading and deepening recessions...i.e. The slow crash aka the long emergency.

Folks...we're in the thick of it. The price of oil has been pressured upwards by a supply plateau and never ceasing demand. Check out the graph of the last 10 years. Examine the volatility. See the average price continue to soar.

http://chart.apis.google.com/chart?chtt=Crude+oil,+avg,+spot++price+chart&chts=000000

PO effect postponed? PO effect right on schedule. Get ready for increasing volatily and increasing price pressure. Get ready for deepening into the Long Emergency...

A very good description of the PO issue, just need to include Natural gas and Coal into the mix and see that the endpoint could be decades away.

But the decline has begun and it is not going to stop. Gas and coal will stop the lights going out for another 30-40 years at least, but only if investments in electric generation is done (yesterday) now, otherwise some countries (the UK for example) could be experiencing load shedding within 5 years because their nuclear powerstations that are end of life haven't been replaced.
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