[M_B_S]

https://www.energyvoice.com/oilandgas/1 ... 2025-2040/

Broad consensus has suggested “peak oil” the peak oil window will be between the years of 2025 and 2040.

[Subjectivist]

How brave to give themselves a 15 year window of possibly correct years.

[Cog]

$this->bbcode_second_pass_quote('Subjectivist', 'H')ow brave to give themselves a 15 year window of possibly correct years.

[MD]

"Peak Oil" is reduction in demand. Go with the flow on that point, and don't get caught up in arguing that it is a supply problem. There will always be supplies to meet market demand.

If you reel back at that statement, stop and study basic supply/demand economics.

My statement is not a denial of peak oil. Again, if you don't see that, stop again to think it through.

[Plantagenet]

$this->bbcode_second_pass_quote('MD', '&')quot;Peak Oil" is reduction in demand. Go with the flow on that point, and don't get caught up in arguing that it is a supply problem. There will always be supplies to meet market demand.

If you reel back at that statement, stop and study basic supply/demand economics.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('MD', '&')quot;Peak Oil" is reduction in demand.

[KaiserJeep]

The problem with every last economic prediction ever made and every economic model ever created, is that none are able to account for the variable of human behavior. Thus they are all useless for planning purposes.

[MD]

$this->bbcode_second_pass_quote('KaiserJeep', 'T')he problem with every last economic prediction ever made and every economic model ever created, is that none are able to account for the variable of human behavior. Thus they are all useless for planning purposes.

[ralfy]

The world can't afford high prices. Unfortunately, oil companies need higher prices because their production costs have gone up, and that's due to peak oil. Finally, the same problem can be seen for copper and other commodities, which can be seen in light of diminishing returns. Those lead to limits to growth, with pollution, population growth, middle class demands, and other factors creating more problems.

The implication is that the effects of peak oil take place even before production peaks or even drops.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('ralfy', 'T')he world can't afford high prices. Unfortunately, oil companies need higher prices because their production costs have gone up, and that's due to peak oil. Finally, the same problem can be seen for copper and other commodities, which can be seen in light of diminishing returns. Those lead to limits to growth, with pollution, population growth, middle class demands, and other factors creating more problems.

The implication is that the effects of peak oil take place even before production peaks or even drops.

[AdamB]

$this->bbcode_second_pass_quote('M_B_S', 'h')ttps://www.energyvoice.com/oilandgas/129260/bp-predicts-peak-oil-will-hit-2025-2040/

Broad consensus has suggested “peak oil” the peak oil window will be between the years of 2025 and 2040.

[AdamB]

$this->bbcode_second_pass_quote('MD', '&')quot;Peak Oil" is reduction in demand.

[AdamB]

$this->bbcode_second_pass_quote('ralfy', 'T')he world can't afford high prices.

[AdamB]

$this->bbcode_second_pass_quote('Outcast_Searcher', '
')IMO, stretching the definition of "peak oil" to cover anything remotely related to a growth constraint essentially renders the term useless.

[MD]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')IMO, stretching the definition of "peak oil" to cover anything remotely related to a growth constraint essentially renders the term useless.

[AdamB]

$this->bbcode_second_pass_quote('MD', '')$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')IMO, stretching the definition of "peak oil" to cover anything remotely related to a growth constraint essentially renders the term useless.

[KaiserJeep]

Prices are relative things. I remember both $0.18/g and $5.69/g gasoline, which is a 3160% increase in my lifetime.

The present approximately $3/g gasoline will cost $95/g after 3160% price escalation, and be perfectly affordable as long as that 3160% happened over 50+ years as did the price range I described. But if it happens in 10-20 years, our economy is dead.

The dollars are not constant, of course. Also note that $95/g is more likely to be $200/g as the various governments load on taxes to discourage gasoline consumption. Having failed to prevent the problem, the least they can do is make it worse, for your own good, of course.

Peak oil might be a problem for the 1st World countries, or it might not, depending upon how long it takes. It will certainly kill billions of humans elsewhere in the world, where relatively cheap food has enabled a huge increase in the population of 3rd World countries.

Here's a prediction for you: When the cost less taxes is $100/g, we will still be pumping oil, and there will still be some to pump. The slope of the declining half of the peak oil curve is itself an interesting discussion, and as with all economic predictions, the biggest variable is human behavior.

[MD]

$this->bbcode_second_pass_quote('KaiserJeep', '.')..

Here's a prediction for you: When the cost less taxes is $100/g, we will still be pumping oil, and there will still be some to pump. The slope of the declining half of the peak oil curve is itself an interesting discussion, and as with all economic predictions, the biggest variable is human behavior.

[MD]

$this->bbcode_second_pass_quote('AdamB', '
')So I'm not sure you meant the early peak oilers, but more the early claimants of the modern era.

[ralfy]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('ralfy', 'T')he world can't afford high prices. Unfortunately, oil companies need higher prices because their production costs have gone up, and that's due to peak oil. Finally, the same problem can be seen for copper and other commodities, which can be seen in light of diminishing returns. Those lead to limits to growth, with pollution, population growth, middle class demands, and other factors creating more problems.

The implication is that the effects of peak oil take place even before production peaks or even drops.