[Yoshua]

So US conventional oil peaked in the 70's and global conventional oil peaked in 2005 and has been on a plateau since then. The move to produce unconventional was based on the premiss that rising oil prices according to the supply and demand function would make unconventional economically viable. Peak oil theories also predicted rising oil prices. The oil price collapsed first in 2008 and then again in 2014.

A theory can only be proven false ? Obviously the world doesn't always allow it self to be dictated by our theories. Back to the drawing board ? Perhaps there is something wrong with the supply and demand theory and the peak oil theory ?

[kublikhan]

Onlooker, zerohedge articles are Sensationalist. It is best not to get your definitions from sensationalist sources.

$this->bbcode_second_pass_quote('', 'S')ensationalism is a type of editorial bias in mass media in which events and topics in news stories and pieces are overhyped to present biased impressions on events, which may cause a manipulation to the truth of a story. Sensationalism may include reporting about generally insignificant matters and events that do not influence overall society and biased presentations of newsworthy topics in a trivial or tabloid manner contrary to the standards of professional journalism. Some tactics include being deliberately obtuse, appealing to emotions, being controversial, intentionally omitting facts and information, being loud and self-centered and acting to obtain attention. Trivial information and events are sometimes misrepresented and exaggerated as important or significant.

[onlooker]

You may be right Kub, but I am also wary of official data

[peakoilwhen]

$this->bbcode_second_pass_quote('onlooker', 'T')his. Is. Stagflation.

[onlooker]

Where to begin with your trite analysis. First off nothing has happened in the last 13 years. Excuse me. Depletion of Oil has continued unabated. The Environment has continued to be degraded every year, global warming is showing signs as per the Arctic of going into overdrive, Middle East has been laid to waste etc etc. In your world if you have not starved to death everything is rosy uh. Who is oblivious to the world outside? Do you really want me to cite numbers , like how much the world population grew in the last 13 years, or how much the US debt grew etc. Oh and yes some even have pretty much starved to death in the last 13 years. You my friend a living in a little self made bubble of wishful thinking. Get ready cause your bubble is going to burst sooner rather than later.

[peakoilwhen]

same doomer despondency crap, always has been, always will be. You might as well not exist on this site. Just get an automated script to copy paste from LATOC doomer threads from 2005.

The only thing that happened was that 10,000s of years ago someone realised you could trigger dumb humans into thinking the sky was about to fall, and since then we've had these devout 'doom any minute now' types, who don't have a single thought in their skull outside their religion. Yesterday, it was by word and mouth, today it's on the internet, but its the same.

I was naive to think I could make progress with them when I found sites like this 13 years ago.

They are all rubber toys.

WHACK!
< whacks onlooker with a cricket bat in face >

See? they just carry on, because they are dead inside, not feeling or perceiving reality. They will interact more in the grave, where their corpses will be recycled into the ecology.

[sparky]

.
@ peakoilwhen , good call ! good call !
whereas there are some who delight in dancing around the bitter tree ,
some others are of a more cheerful disposition .
Still ,I for one don't believe that the golden goose will live forever ,
that's the way of things , and nobody had yet find a way to harness human stupidity as an energy source .
that truly would be progress , either infinite or depleting it
a win on both side

[onlooker]

Naive, was I to think that the posters and comments on this site could raise awareness to the greater population of the life and death challenges we together as a species are facing. Only to find a stubborn entrenched need to wish all our problems away. Should not be surprised thou, most would like to be fed comforting lies than unpleasant truths

[onlooker]

I may add that scanning information and reaching the conclusion that the information warrants is neither wallowing in fatalistic or nihilistic daydreams nor does it constitute a pessimistic attitude. Above all I do NOT relish reaching the conclusions I have

[sparky]

.
That's about it ,
things are never as bad as one's wish nor as good as one fear

[onlooker]

$this->bbcode_second_pass_quote('sparky', '.')
That's about it ,
things are never as bad as one's wish nor as good as one fear

[Cog]

Its sort of a twist on how doomers see the world.

[ROCKMAN]

Cog - The Rockman's great fear is that things won't again be as bad as when matters were so good for the oil patch. LOL. Good vs bad tends to be relative: depends on whether you're the one serving up the sh*t sandwich or the one having to take a big bite of it. LOL.

[AdamB]

$this->bbcode_second_pass_quote('ROCKMAN', 'A')dam - "...the real price of gasoline has returned to early 1970's levels..." Naughty boy...that cherry picking sword cuts both ways: inflation adjusted gasoline price 1981: $3.51/gal. Nominal price Jan 2016: $1.87/gal.

[AdamB]

$this->bbcode_second_pass_quote('Yoshua', 'O')k. Fine, US conventional oil didn't peak in 70's as Hubert said and it didn't peak globally after 2000.

[AdamB]

$this->bbcode_second_pass_quote('ROCKMAN', 'Y')oshua - "US conventional oil didn't peak in 70's as Hubert..." I assume you're just having fun poking that snake with a stick. After all the DOCUMENTED FACT is still true: US oil production (from all reservoirs conventional or not) peaked over 40 years ago.

[Yoshua]

A pessimist thinks that things cannot possible get any worse.
An optimist is sure they can.

The financial system has pushed the debt to extreme levels by pushing the interest rate to zero and through money printing. The money has gone to energy and commodity producers who have invested the money in production of uneconomic recourses that will never turn a profit. By doing so they have created a massive bubble that is now deflating.

I don't know how all this will play out, but I'm sure it will interesting. The political scen around the world is getting more and more interesting by the day.

Everyone is of course free to have any opinion about what is taking place to day regarding oil and the economy.

[sparky]

$this->bbcode_second_pass_quote('onlooker', '')$this->bbcode_second_pass_quote('sparky', '.')
That's about it ,
things are never as bad as one's wish nor as good as one fear

[AdamB]

$this->bbcode_second_pass_quote('Yoshua', 'A') pessimist thinks that things cannot possible get any worse.
An optimist is sure they can.

[Yoshua]

Today: War in Afghanistan, Iraq, Syria, Yemen, Libya. Al Qaeda and ISIS committing terror acts in the US and EU. A new cold war with Russia. The spooks at NSA have declared war on the chief commander Trump: "He will die in jail!"...

You are just to old and bored ?