by AdamB » Sat 23 Dec 2017, 12:38:50
$this->bbcode_second_pass_quote('Yoshua', 'T')he economic engine runs on those liquid fuels.
The economic system runs on many things, coal, natural gas, solar, some economic activity runs on the tides (surfers spend money too!).
The key that DCoyne78 mentioned quite quickly, and completely accurately, is that etp can't be meaningful because obviously it doesn't discuss the ENERGY available to the economy, only a minority fraction, and one used primarily as a transport fuel at that.
And even worse...some of us don't even use it for that any more because there are better alternatives. Right now. Today. Even before etp explodes because random number generators can't predict prices.
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)"