by AdamB » Mon 20 Feb 2017, 00:15:02
$this->bbcode_second_pass_quote('Yoshua', 'W')e are experiencing peak oil dynamics today.
Conventional oil peaked in 2005 and reached a plateau.
Please explain this random distinction of conventional versus other oil that somehow negates the millions of additional barrels per day of new production that you, and I, and everyone else on this forum uses in their autos and whatnot.
$this->bbcode_second_pass_quote('Yoshua', '
')The financial crisis of 2008. The euro crisis of 2011. The extreme credit/debt expansion in China. The central banks QE programs. Trillions of dollars and euros have been printed by central banks. Asset bubbles have been created. The oil industries move into production of unconventional oil. Falling net energy and the collapse of the oil price in 2014. The peak in all liquids in 2015 which now also is on a plateau. The implosion of weaker economies around the world. The collapse of currencies against the petrodollar.
We are living peak oil dynamics today.
And when the same thing was claimed for a decade ago. And oil production went up. And the world didn't end. You are aware of common predictions of what peak WAS supposed to look like, right? It was about the draft, fedghettos, death and starvation. All you've list is stuff no different than the 1970's, before the global peak oil of 1979 no less. And collapses in price weren't part of the equation, that was added after peak oil didn't happen, and new supply outpaced demand. Idiot political leadership is the leading cause for the non-oil related symptoms you appear fascinated with, not peak oil a decade ago that didn't exist, unless someone makes up special classes of oil to pretend just that special stuff peaked. And the consumer goes right on consuming, because that distinction is irrelevant.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
by AdamB » Mon 20 Feb 2017, 00:26:35
$this->bbcode_second_pass_quote('onlooker', 'Y')es and I would add :
We're in stagflation now. And have been for over 2 years.
Stagflation.
What is 'Stagflation'
A condition of slow economic growth and relatively high unemployment – economic stagnation – accompanied by rising prices, or inflation, or inflation and a decline in Gross Domestic Product (GDP).
Economic growth since the end of the last recession has been slow, but it has been growth over a much longer period of time than is normal between recessions. And unemployment has been getting better, and is not high. Prices have been rising in some areas, but inflation isn't bad at all, and no, GDP is not declining.
So no, we haven't been in stagflation the last 2 years.
$this->bbcode_second_pass_quote('onlooker', '
')And without the debt exponentially rising we would have seen hyperinflation a long time ago.
Coulda woulda shoulda. People have been claiming deflation is right around the corner ever since their claimed peak oil date of 2008 (these would be the likes of Stoneleigh). They have been waiting nearly a decade now. Turns out that oil-amateurs aren't so great as pretend economists either I guess.
$this->bbcode_second_pass_quote('onlooker', '
')Everything is hidden behind smokescreens and curtains these days. Everything is manipulated. It's hard to tell where we stand at any given time, but it's quite easy to see the overall trendline.
Indeed.
http://www.reuters.com/article/us-globa ... SKBN15V026
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
by AdamB » Mon 20 Feb 2017, 00:39:51
$this->bbcode_second_pass_quote('Yoshua', 'I')t is almost strange that we still discuss when peak oil comes since we are living peak oil.
Well, then good thing we can see what peak oil meant back when it happened..and what that means now.

And a natural consequence of the horrors of peak oil induced lower prices....is we can still buy plenty of these!!! And afford to drive them!
$this->bbcode_second_pass_quote('Yoshua', '
')I just wonder if we will be able to create a financial system and an economy that can survive a contracting economy ?
We did during the last dozen or more recessions here in the US, no reason to suspect we have forgotten how.
$this->bbcode_second_pass_quote('Yoshua', '
')I still wonder if it would be possible to land the economy gently without causing a total collapse.
We did after 2005 peak oil, and still are. According to "peak oil in 2005" advocates anyway. Remember when peak oil in 2008 caused the 2008 recession? Supposedly? And that was supposed to be a total collapse? Plus the draft was going to be reconstituted! Turns out, it didn't happen. I wouldn't sweat it considering that peak oil gave us low prices and some pretty nice monster trucks to drive on the highway!
$this->bbcode_second_pass_quote('Yoshua', ' ')
The problem would just be that 7.4 billion would not survive this contraction. And the oil production and the net energy would continue to fall until they reach zero at some point.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
by AdamB » Mon 20 Feb 2017, 00:47:12
$this->bbcode_second_pass_quote('ROCKMAN', 'Y') - "...since we are living peak oil." Exactly: dealing every day with the Peal Oil Dynamic...the POD.
...just like we did in the late 1970's....and then after that....the flipside in 1986. Those were the days though, just waiting for POD to grab us by the short hairs in 1986...

Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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by AdamB » Mon 20 Feb 2017, 12:23:21
$this->bbcode_second_pass_quote('Yoshua', 'P')eak oil theories can give some guiding to how things will evolve.
Can you please elaborate on how peak oil theories declaring the peak in US oil production circa 1919 provided any guiding on much beyond starting the clock on discrediting peak oil theories?
$this->bbcode_second_pass_quote('Yoshua', '
') Living with peak oil is a different thing. We learn as we go along. The financial system has changed since the financial crisis. The economies will be forced to adjust to a new reality.
Good thing you claim peak oil happened a decade ago then, because we have apparently adapted to the point where the real price of gasoline has returned to early 1970's levels, and fueling up big pick-me-up trucks is a normal American activity across suburbia no less, they are now toys, as well as working vehicles in rural america.
$this->bbcode_second_pass_quote('Yoshua', '
')One thing is sure though: We are living with peak oil today.
As best I can tell there is only one response from the average consumer, if indeed we are living our post peak consequences.

$this->bbcode_second_pass_quote('Yoshua', '
')The difference between conventional and unconventional oil is the net energy received.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
by AdamB » Mon 20 Feb 2017, 12:26:44
$this->bbcode_second_pass_quote('Yoshua', 'T')here is a difference between living in petrodollar land and Mexico or Venezuela ?
Mexico and more particularly Venezuela are petro-dollar land, the US has a far more diversified economy. What has happened in the countries of the world with oil, but no political leadership worth spit, has been referred to as "the resource curse". One trick pony economies basically. Fortunately, others do better, China and Norway, the US, Canada, Saudi Arabia, Iran might be working its way to this position after years of sanctions.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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by peakoilwhen » Mon 20 Feb 2017, 13:41:46
$this->bbcode_second_pass_quote('rockdoc123', ' ')Kerogen is the precursor to both coal and hydrocarbons. It is time and temperature that converts kerogen to hydrocarbon but at some point (either high enough temperature or long enough burial) all of the kerogen is converted. This is called the transformation ratio of a kerogen and in most cases 100% transformation ratio (all of the kerogen converted) is reached by depths of 4 to 5 km in a continental basin setting.
And how does kerogen convert to oil exactly? Kerogen is about 1:1 hydrogen to carbon. I've been fishing you with my 3:1 ratio need for hydrocarbon conversion claim, but you won't bite, and I know why.
1st, the truth is oil hydrocarbons need only slightly over 2:1 hydrogen to carbon, not 3:1 which is only for ethane.
Usually you would fall over yourself to tell me I'm an idiot for claiming 3:1 H:C when oil only needs slightly over 2:1, but instead you are silent on the matter, despite repeated fishings by me.
The reason you are silent is because its sacrilege for the followers of the biotic oil religion to mention or think about the lack of hydrogen in kerogen compared to oil. During your brainwashing \ training you learnt to ignore it, either consciously or unconsciously, otherwise you'd never have passed your exams that tested if you were sufficiently brainwashed to do the bidding of the oil cartel. Hence your feverish opposition to anyone who come poking for the truth, like me.
$this->bbcode_second_pass_quote('', ' ')That means kerogens never make it to depths of even the lower crust let alone the mantle. Suggesting otherwise dispels all sorts of physical laws, which apparently you never learned at your boxtop physics school.
You're mixing biotic theory with abiotic theory with the intention of arriving at inconsistency so you can call your opponent an idiot. That not's the right way to assess an alternative theory.
If you ask me, kerogen doesn't start at the top and go down, it more likely forms somewhere in the crust and goes up. Quite how it does this I'm not sure, but I'm considering several possibilities.
Here's one way you might find more agreeable :
methane rises from the mantle and gets trapped in and around a tight strata, forming a gas reserve.
deep crust methanotrophs break down the gas to form kerogen. Later the strata is fragmented due to geology, where it is exposed to upwelling hydrogen gas which transforms the kerogen into crude oil.
The methanotrophs may be incidental feeders, i.e. simply the internal pressure of a tight formation alone may be enough to condense upwelling methane into kerogen.I know you like biology making oil so I gave methanotrophs a key role to try cheer you up.
Wrt internal pressure being a factor that allows an otherwise unreactive substance to condense or react, this is something in all your rambling you haven't mentioned, perhaps they didn't teach you this during your brainwashing. If you want I'll teach you.
$this->bbcode_second_pass_quote('', '2'). Kerogen is present almost exclusively in very tight (nanodarcy) source rock shales and marls, gas cannot penetrate into the pore space as there is no pathway.
Actually gas does penetrate, just very slowly, but given geologic time, the tight formation will become saturated with many of the fluids that it is in contact with. This is part of how a tight formation may condense hydrocarbons to longer chains, tight formations can hold a large pressure difference at their boundary with a loose formation ; a great increase in pressure may allow mantle level pressures, but at crustal temperatures.
So there's 2 theories of abiogenic oil formation from methane
1. methanotrophic
2. pressure induced
pick your favourite and we can discuss it further.
and don't forget hydration by upwelling mantle hydrogen gas. You need it for your conventional biootic theory too, so just accept it.
The point of mentioning graphite and diamond is to show that the Earth will bind carbon with carbon given a chance. Help me out with your geo-chemist skills : what is the lower energy state for a load of hydrogen, carbon and oxygen: a load of extremely compressed methane and oxygen, or oil with a bit of water residue? Nature will tend towards the lower energy state by biology or chemistry.
Given that we are onto the 8th page and you still haven't answered the question I asked you in my 1st post, my expectations are low that you can give direct answers. But you occasionally surprise me.
by kublikhan » Mon 20 Feb 2017, 15:32:08
$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('onlooker', 'Y')es and I would add :
We're in stagflation now. And have been for over 2 years.
Stagflation.
What is 'Stagflation'
A condition of slow economic growth and relatively high unemployment – economic stagnation – accompanied by rising prices, or inflation, or inflation and a decline in Gross Domestic Product (GDP).
Economic growth since the end of the last recession has been slow, but it has been growth over a much longer period of time than is normal between recessions. And unemployment has been getting better, and is not high. Prices have been rising in some areas, but inflation isn't bad at all, and no, GDP is not declining.
So no, we haven't been in stagflation the last 2 years.
+1
The world is wrestling with low inflation and even deflation. That is not stagflation:
$this->bbcode_second_pass_quote('', 'I')n economics, stagflation, a portmanteau of stagnation and inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.
Stagflation$this->bbcode_second_pass_quote('', 'I')nflation has declined markedly in many economies over the past few years. This chapter finds that disinflation is broad based across countries, measures, and sectors—albeit larger for tradable goods than for services. The main drivers of recent disinflation are persistent economic slack and softening commodity prices. Most of the available measures of medium-term inflation expectations have not declined substantially so far. However, the sensitivity of expectations to inflation surprises—an indicator of the degree of anchoring of inflation expectations—has increased in countries where policy rates have approached their effective lower bounds. While the magnitude of this change in sensitivity is modest, it does suggest that the perceived ability of monetary policy to combat persistent disinflation may be diminishing in these economies.
Inflation rates in many economies have steadily declined toward historically low levels in recent years (Figure 3.1). By 2015, inflation rates in more than 85 percent of a broad sample of more than 120 economies were below long-term expectations, and about 20 percent were in deflation—that is, facing a fall in the aggregate price level for goods and services.
The oil barrel is half-full.