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PeakOil is You

Burn our planet or face financial meltdown.

Discussions about the economic and financial ramifications of PEAK OIL

Re: Burn our planet or face financial meltdown.

Postby John_A » Wed 23 Oct 2013, 11:50:12

$this->bbcode_second_pass_quote('Repent', 'O')ne financial stop-gap measure here, wait and simmer a few months, then another stop-gap financial measure (swindle) there, & they've bought a few months more. Money is a human social construction; they can play these money games forever until the reality of oil depletion can't be hidden anymore. Then the game's up!


The article does not seem to advocate the "reality of oil depletion" angle, more like the "there is so much stuff we have PLENTY of carbon to combust". Abundance in other words. The reality of oil depletion doesn't mean any more today than it did when the great gasoline scare of 1916 was going on.
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Re: Burn our planet or face financial meltdown.

Postby dcoyne78 » Wed 23 Oct 2013, 12:26:21

$this->bbcode_second_pass_quote('shortonoil', 'A')ccording to the scientific community presently at large, global warming is slowing down. 1998 was the hottest year on record.


http://contextearth.com/2013/10/04/climate-variability-and-inferring-global-warming/

From the post at context earth:

$this->bbcode_second_pass_quote('', 'T')he Earth's historical global mean temperature record shows much variability, often changing by tenths of a degree from year-to-year. If this variability is somewhat cyclical, one could reason that the long term would approach a mean value of zero, indicating that as many positive temperature fluctuations occur as negative fluctuations. That describes the reality of noisy fluctuations --- noise is a detectable signal but it does not necessarily impact the outcome of a trend.

A bias-free noise should not contribute to the long term trend in the global temperature time series either. The premise is that if we can remove this noise from the historical record, then we can make a more precise estimate of the underlying trend [1].


Image
—Figure 4: Adding the AMO signal to the mix will reduce the variability further. The 15-year hiatus in temperature increase disappears at the end of the temperature record mostly due to compensating the decline of the SOI signal.

The change in global temperatures is an inherently noisy process, when the noise from the effects of the Southern Oscillation Index (SOI) and volcanic eruptions are removed, the underlying temperature trend is quite apparent. Climatologists agree that climate change is indeed a problem. To reduce the noise a simple method often used is to take a longer running average such as 60 or 132 months to see the underlying trend.
Image

Also it is likely that the large increase in particulates in the atmosphere from the accelerated use of coal by China and India has masked some of the rise in temperature. Just as the 1955 to 1975 period saw a relatively slow rise in temperature because of high levels of air pollution in the US and Europe, the clean air policies of the 70s and 80s unmasked this, the same will happen when the citizens of China and India demand regulations to reduce air pollution.

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Re: Burn our planet or face financial meltdown.

Postby Newfie » Wed 23 Oct 2013, 14:02:21

I live in Philadelphia, Pennsylvania, heart of the NG fracking boom on the US East coast.

Last week our National Public Radio affilliate (NPR - the Liberal voice in America) aired a piece about the local economy. It bemoaned the low price of NG and how development of the NG was being held back by lack of capital investment.

They actually said that they needed to find MORE ways to get people to use the stuff and to eliminate the GLUT.

F#$%^& IDIOT's.
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Re: Burn our planet or face financial meltdown.

Postby Ibon » Wed 23 Oct 2013, 14:42:09

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

They actually said that they needed to find MORE ways to get people to use the stuff and to eliminate the GLUT.

F#$%^& IDIOT's.


The only justification for increased gas consumption would be to burn more bodies at the crematorium.
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Re: Burn our planet or face financial meltdown.

Postby Newfie » Wed 23 Oct 2013, 14:47:33

Ah yes. Adequately dark. Thanks Ibon. I am NOT alone.
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Re: Burn our planet or face financial meltdown.

Postby Ibon » Thu 24 Oct 2013, 01:26:56

The ecological ignorance of the masses of humans is sometimes breathtaking. I had a couple recently telling me how green and sustainable China is becoming and the main example they gave me was the thousands of workers they saw planting several miles of flowers along the highway leading into Shanghai. They were dead serious when they told me this.

Now you tell me how do you begin to deal with this much ignorance?

Sometimes it is overwhelming.
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Re: Burn our planet or face financial meltdown.

Postby ralfy » Thu 24 Oct 2013, 03:49:57

$this->bbcode_second_pass_quote('dcoyne78', 'H')i Rockman,

I am sure you are aware that increasing an increasing trend now does not guarantee an increasing trend forever. Maybe you disagree? An increase in oil consumption of 10 % over 10 years is pretty anemic. Using the BP Statistical Review (2013) consumption of tonnes of oil, the yearly rate of increase from 1965 to 1979 was 5.2 %, from 1982 to 2012 the rate was about 1.3 %. At some point people will realize that global warming is a real threat and at that point, the US and Australia may slap a hefty tax on coal and the BRICs that are increasing their use of coal may reverse course, eventually natural gas will become more expensive which will also encourage more wind, solar, and nuclear power.

I agree with your main point which is that none of this will happen very soon.

DC


I think it is likely that BRIC and emerging markets will reverse course not because of global warming but of peak oil. The reason may have to do with the implication that a global capitalist economy will want to avoid a financial meltdown. In which case, it will continue to burn the planet. But because alternatives to oil will have lower energy returns and related problems, then people will end up facing global warming, peak oil, and economic crises.
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Re: Burn our planet or face financial meltdown.

Postby John_A » Thu 24 Oct 2013, 13:45:42

$this->bbcode_second_pass_quote('Newfie', 'I') live in Philadelphia, Pennsylvania, heart of the NG fracking boom on the US East coast.

Last week our National Public Radio affilliate (NPR - the Liberal voice in America) aired a piece about the local economy. It bemoaned the low price of NG and how development of the NG was being held back by lack of capital investment.

They actually said that they needed to find MORE ways to get people to use the stuff and to eliminate the GLUT.

F#$%^& IDIOT's.


Makes perfect sense though, and never fear, coal fired electrical generation is disappearing, and natural gas electrical generation increasing. If you build it....natural gas abundance in America will supply it!!
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Re: Burn our planet or face financial meltdown.

Postby John_A » Thu 24 Oct 2013, 13:48:21

$this->bbcode_second_pass_quote('Ibon', '')$this->bbcode_second_pass_quote('Newfie', ' ')

They actually said that they needed to find MORE ways to get people to use the stuff and to eliminate the GLUT.

F#$%^& IDIOT's.


The only justification for increased gas consumption would be to burn more bodies at the crematorium.


Or to make something very valuable in the modern world.

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Re: Burn our planet or face financial meltdown.

Postby Graeme » Thu 24 Oct 2013, 18:20:20

Optimism About Meeting 'Grand Challenge' of Global Prosperity

$this->bbcode_second_pass_quote('', 'W')ith ecological viability threatened, world resources draining, population burgeoning and despair running rampant, the end is nigh.

Or not, says Lawrence M. Cathles, Cornell professor of earth and atmospheric sciences.

"In spite of our apparent environmental problems, we stand a remarkable chance of achieving solutions," he says. "Societies all around the world are living longer. We have more access to food, clean water and energy… and we've never been more healthy."

Cathles outlines his optimism about the world's prospects for sustaining the human population in an environmentally responsible way in his article, "Future Rx: Optimism, Preparation, Acceptance of Risk," in a special publication of The Journal of the Geological Society, released Oct. 24.

"If we have the courage to do big things, all of humanity has a fine future," says Cathles in the article, which addresses food sustainability, natural resources and energy levels, and what he calls the "Grand Challenge" of the next century for everyone to achieve a European standard of living. In his paper, Cathles proposes a path to achieving that standard.

Today the world hosts 7.13 billion people, and Cathles says that while humans are living longer, the world population will peak at 10.5 billion about 100 years from now. The most essential resource is energy, and today most of the world uses less than 2 kilowatts of power per person (for heat, lighting, transportation and manufacturing), while those at the European standard of living (the average French or German citizen, for example) use 3.5 times more. The world currently consumes energy at the rate of 15 trillion watts (15 terawatts), with 86 percent from hydrocarbon sources.

Meeting the Grand Challenge would require energy production of 50 terawatts today and 75 terawatts 100 years from now, ideally all from zero carbon energy sources, says Cathles. Growing from 15 to 75 terawatts over a century requires a growth rate of 1.6 percent per year, which is modest, he says, compared with the U.S. growth rate of 2.6 percent over the past 50 years and China's recent 12 percent growth rate and their planned growth over the next 10 years of 7 percent annually.

The lion's share of the power expansion could be met by wind, solar power produced in deserts or nuclear; but by far the least environmentally intrusive, feasible and realistic option is nuclear, he says. The oceans have enough dissolved uranium to sustain 10.5 billion people at a European standard for more than 100 centuries, and the extraction footprint would be tiny.

"Everything is possible with energy, nothing is possible without it," says Cathles.


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Re: Burn our planet or face financial meltdown.

Postby Graeme » Thu 24 Oct 2013, 18:28:00

New Optimism for a Cleantech Future

$this->bbcode_second_pass_quote('', 'I')f you've not been paying much attention to cleantech in the last little while, it's time to sit up and take notice — because post-Solyndra, cleantech has been quietly gaining momentum.

We had the chance to take a close look at the fundamentals of cleantech over the last two months in co-authoring a new (and free!) 38-page research report in conjunction with Oakland, Calif.-based advocacy group As You Sow and the Responsible Endowments Coalition of Brooklyn, New York.

Titled Cleantech Redefined: Why the next wave of cleantech infrastructure, technology and services will thrive in the twenty first century, the paper analyzes the most recent investment research available across a number of industries and major impact areas. It identifies key drivers and market size projections for various cleantech categories. It looks at examples of products and technologies currently on the market. Finally, it highlights a handful of large, mid and small cap firms and funds as possible points of entry for investors within each industry.

The paper does a good job of introducing cleantech and its significance (e.g. even only being a relatively new investment theme, cleantech is still — even today after a downturn — attracting nearly a quarter of global venture capital available.) It re-emphasizes cleantech's multi-trillion dollar individual addressable markets of power, water, agriculture, transportation and others. And it restates the significance of cleantech's drivers, and that they're not going away any time soon.

But to me, one of the most interesting sections of the report compares the cleantech wave to other technology booms of the last 50 years, like the dot com boom, the networking craze, biotech, the PC and the microprocessor. We found a number of parallels and a number of reasons for optimism when you compare the cycles. After 20 years in technology, personally, the more I looked at the data, the more it felt like I'd seen this movie before.


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Re: Burn our planet or face financial meltdown.

Postby peripato » Thu 31 Oct 2013, 19:16:17

$this->bbcode_second_pass_quote('Ibon', 'T')he ecological ignorance of the masses of humans is sometimes breathtaking. I had a couple recently telling me how green and sustainable China is becoming and the main example they gave me was the thousands of workers they saw planting several miles of flowers along the highway leading into Shanghai. They were dead serious when they told me this.

Now you tell me how do you begin to deal with this much ignorance?

Sometimes it is overwhelming.

That's a beauty, never underestimate the power of blind optimism and faith to work the magic of denial on people.
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Re: Burn our planet or face financial meltdown.

Postby John_A » Thu 31 Oct 2013, 20:18:32

$this->bbcode_second_pass_quote('peripato', '
')That's a beauty, never underestimate the power of blind optimism and faith to work the magic of denial on people.


Commenting on the characteristics of peak oil proponents on a peak oil website might be considered rude.
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Re: Burn our planet or face financial meltdown.

Postby dbruning » Fri 01 Nov 2013, 19:05:35

$this->bbcode_second_pass_quote('', 'C')ommenting on the characteristics of peak oil proponents on a peak oil website might be considered rude.


Not anymore. I rarely take the time to add people to my Foe's list, but you seem to go out of your way to insult pretty much everyone who takes this forum seriously.

Good riddance.
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Re: Burn our planet or face financial meltdown.

Postby John_A » Sat 02 Nov 2013, 15:49:07

$this->bbcode_second_pass_quote('dbruning', '')$this->bbcode_second_pass_quote('', 'C')ommenting on the characteristics of peak oil proponents on a peak oil website might be considered rude.


Not anymore. I rarely take the time to add people to my Foe's list, but you seem to go out of your way to insult pretty much everyone who takes this forum seriously.


Taking the forum seriously isn't the issue. I'm with Jars Mueller on this one, the connotations now associated with the very words "peak oil", and how they came into existence, is the issue.

Peripatos description fits the WHY of that happening PERFECTLY. Blind optimism and faith, the magic of denial, laid out large by Ruppert, Heinberg, Duncan, and the legions of social commentators who were counting on folks to remain irrational and just swallow things like EROEI without a seconds thought, just bow before the magic and prophets, and rejoice in the belief...down with Hummer drivers, let the hunger games begin and that'll fix all those <fill in the group you hate, immigrants, people of color, Hummer drivers, banksters> and it will be Little House on the Prairie for those of us who BELEIVE!!

A rapture event is the best way to describe it. The power of faith and magic, only those of us "in the know" will be saved.
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Re: Burn our planet or face financial meltdown.

Postby JV153 » Sun 15 Dec 2013, 13:46:35

$this->bbcode_second_pass_quote('John_A', '
')
Taking the forum seriously isn't the issue. I'm with Jars Mueller on this one, the connotations now associated with the very words "peak oil", and how they came into existence, is the issue.


A rapture event is the best way to describe it. The power of faith and magic, only those of us "in the know" will be saved.


Like a panacea, John_A ?
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