Pop's synopsis of the situation is still pretty solid.
Here is some recent thinking over at WUWT, in a guest post by Willis Eschenbach. Willis should probably concentrate on his usual shtick of climate change denial, but sometimes he just can't resist the occasional foray into the threat of Peak Oil on BAU. Denial runs pretty deep over there and it's telling that P.O. should be so closely tied to the idea of climate change. Pop's top ten with links would be the perfect rebuttal although I'm sure not many people there would accept those facts.
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M. King Meets the EIADramatis Personae:The “EIA” is the US Energy Information Agency, the US agency in charge of data about energy production, consumption, and use. It has just released its January 2014 Short Term Energy Report, with current and projected oil production figures.
And “M. King” is Marion King Hubbert, the man who famously predicted in 1956 that US annual oil production would peak in 1970, and after that it would gradually decrease.
So why is the King meeting the EIA? Figure 1 shows why.
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Insert Figure 1. US crude oil production. Data from 1965 to 2013, projections for 2014 and 2015. As is customary, “crude oil production” includes what are called “natural gas liquids”. Data from the BP Statistical Review of World Energy and the EIA.____
Now me, I see that as a testament to human ingenuity, as fantastic news for the planet, and as another example of the futility of betting against said ingenuity. As my dear dad used to say, “Imagination is free.”
[Talk is cheap too! Everybody's got ideas, but it takes money and resources to put them into some kind of action... "Lore"]I don’t really have much more to say about this great news, other than I see it as a huge opportunity for the poor. The implications are clear. Cheap energy is the salvation of the poor, and this can only be good news for them … not to mention good news for the rest of us as well.
[Of course the oil is neither cheap nor plentiful. Throwing up just the US production stats says little about how the poor people on the rest of the planet will fare. ..."Lore"]
Best regards,
w.
PS—Folks, don’t bother telling me it is “unconventional oil”. That is a meaningless distinction, invented by supporters of Hubbert’s peak oil theory, to try to salvage Hubberts moribund claims. For example, when fracking was done in vertical wells for fifty years, it was counted as “conventional oil” … but now that the drilling is done horizontally, suddenly fracking produces “unconventional oil”. And given that for many centuries oil was collected from surface seeps, in historical terms all modern oil production is “unconventional”. See my post Conventional Wisdom, Unconventional Oil for a full discussion.
PPS—If you disagree with something that I or someone else said, please QUOTE EXACTLY WHAT THE PERSON SAID in the comment where you discuss your objections. I can’t tell you how many times I’ve been attacked over things that I never said … so quote it if you want to discuss it. I’m going to get more hard-headed on this one, I’m tired of picking spitballs off the wall. I’m happy to defend my words if I know which ones you are talking about … but I can’t defend your interpretation of my words. Quote it or lose it.
http://wattsupwiththat.com/2014/01/11/m ... s-the-eia/