by dashster » Sat 20 Dec 2014, 16:24:30
$this->bbcode_second_pass_quote('dolanbaker', '')$this->bbcode_second_pass_quote('dashster', '')$this->bbcode_second_pass_quote('dolanbaker', 'T')he fact is that most "peak oil" debunkers assume that technology and investment will always provide the goods and growth will continue. So far they've been correct..but recently it's becoming clear that the high price also kills growth..
They haven't been correct on price. They saw oil at low prices all the way out to 2030 10 years ago. I also don't remember them touting "tight oil" and fracking 10 years ago. They foresaw plenty of conventional for decades. The IEA had linear graphs with production rising to 120 million barrels a day in 2030.
Which is precisely why I mentioned the fact that the high price has killed demand.