[REAL Green]

$this->bbcode_second_pass_quote('asg70', '')$this->bbcode_second_pass_quote('REAL Green', '
')This glut is mainly an economic condition based upon a demand shock.

[asg70]

$this->bbcode_second_pass_quote('REAL Green', '
')Ample supply that is from malinvestment

[ralfy]

There is enough supply only because the global economy weakened considerably.

Back in 2005, the IEA and others believed that oil demand would reach around 115 Mbd by 2015, and that oil companies would easily meet that because there is no peak oil problem only above-ground ones. Thus, the concern was about trying to meet increasing oil demand from a strong global economy.

In 2010, the IEA acknowledged after doing a global survey in 2008 that conventional production could barely go up, which is why according to BP unconventional production was used to meet the lack of conventional production.

Five years after 2015, world oil demand is around 100 Mbd, nowhere close to what was predicted in 2005 because the world economy did not become strong. Instead, it experienced weak economic growth after the 2008 crash. Meanwhile, oil companies had to use shale and other sources just to meet that 100 Mbd demand. There's also a possibility that the current crisis will cause that demand to decrease.

It's like saying peak oil isn't something to be concerned about because the problems that would have been caused by that were caused by something else.

As I said earlier, one is better off using the ignore function.

[Simon_R]

This site should definitely not be shutdown

When it comes to peak oil, we have already reach Peak Oil from Conventional Reservoirs (See Rockman, I remembered), the issue is that other type of chemicals/reservoirs are now in play.

As Peak Oil is not a theory, but a point on a graph, we are only now arguing, that peak oil is reached when a particular set of events (doom or not) come to pass, as this is subjective, it can keep us arguing for ages yet.

This site provides tons of useful information, and insights.

All I would change is that people have to sign in, to post on the front page, its seriously chaotic there

[asg70]

$this->bbcode_second_pass_quote('ralfy', 'T')here is enough supply only because the global economy weakened considerably.

[Armageddon]

I’ve always said we’ll never experience PO because demand destruction would mask it.

[Simon_R]

Hi Asg

you said

$this->bbcode_second_pass_quote('', 'B')ut this shift is the exact reason why participation here is all but nonexistent. Unless peak oil corresponds with doom then nobody's going to care (nor should they). And so the only thing left is for the peaker faithful to strain and wrap themselves into a pretzel to connect any and all negative events back to the peak oil "brand" so to speak, yet the connection is so tenuous that it doesn't really convince anyone other than the already-converted.

[asg70]

$this->bbcode_second_pass_quote('Simon_R', '
')Since my time here, it seems that we have all forgotten the timeline of the curve, we are (as far as I can see) on the bumpy plateau, the data seems to reflect this.
The next is the bumpy descent, now all that is to be talked about (to me) is the speed and nature of the descent.

[Simon_R]

Hi Ag

to a certain extent I agree with you, if you are a doomer you see everything as a sign of doom, if you are a techno optimist, you will see everything as a sign of 'green shoots'

Essentially it seems as though what you are saying is that since people view events through a lens of their own convictions, this site should be shutdown, doesnt this then, apply to all news/events sites ?

Thanks

Simon

[ROCKMAN]

Plant - Howdy. The funny thing for me personally being trapped in a wheelchair and recliner social isolation isn't new...been doing it for a few years now. LOL. The only thing I miss is my grocery store runs...and following good looking women around. Now I'm stuck with curbside grocery pickup.

If it weren't for Internet porn I don't know what I would do. Except, of course, correcting the ignorants that post here. LOL.

And as I said before: the current collapse of oil prices is the most powerful example of the POD that no one had predicted. Thus the definition of "dynamic".

[asg70]

$this->bbcode_second_pass_quote('Simon_R', '
')it seems as though what you are saying is that since people view events through a lens of their own convictions, this site should be shutdown, doesnt this then, apply to all news/events sites ?

[REAL Green]

$this->bbcode_second_pass_quote('asg70', ' ') Outside in the real world peak oil is irrelevant.

[Plantagenet]

$this->bbcode_second_pass_quote('ROCKMAN', 'P')lant - Howdy. The funny thing for me personally being trapped in a wheelchair and recliner social isolation isn't new...been doing it for a few years now. LOL. The only thing I miss is my grocery store runs...and following good looking women around. Now I'm stuck with curbside grocery pickup.

[Shaved Monkey]

Have some members on this site gone from being Preppers waiting for the inevitable collapse and avoiding the Zombies to cheering the Zombies on as they roam the streets in the vain hope they can stop or slow down collapse ?

[asg70]

$this->bbcode_second_pass_quote('REAL Green', '
')Peak oil does not have to be relevant to people like you to be a force. It is smoldering and ready to turn into a fire at the right time.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Simon_R', 'T')his site should definitely not be shutdown

When it comes to peak oil, we have already reach Peak Oil from Conventional Reservoirs (See Rockman, I remembered), the issue is that other type of chemicals/reservoirs are now in play.

As Peak Oil is not a theory, but a point on a graph, we are only now arguing, that peak oil is reached when a particular set of events (doom or not) come to pass, as this is subjective, it can keep us arguing for ages yet.

This site provides tons of useful information, and insights.

All I would change is that people have to sign in, to post on the front page, its seriously chaotic there

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Shaved Monkey', 'H')ave some members on this site gone from being Preppers waiting for the inevitable collapse and avoiding the Zombies to cheering the Zombies on as they roam the streets in the vain hope they can stop or slow down collapse ?

[Simon_R]

Hi Outcast

That's kinda where I am.

The doom is still there, but we manage to keep kicking the can down the road with technology, we have to hope that we don't trip, because PO is still nipping at our heels.

I don't think we will have a huge collapse, but my view is PO keeps nipping and each time, lifestyles diminish a bit, nationalism rises a bit, balkanisation (our british friends).

I read somewhere that most kids have aspirations now, to own a really nice smartphone, owning a house is seen as to unrealistic, sad, but an example post 2008 of reduced aspirations, which also, paradoxically kicks the can down the road that little bit more

Thanks

Simon

[sparky]

.
I still believe that extraction of a finite resource produce a peak ,
or else the Easter Bunny and Santa Claus are real
would this led to Armageddon , not necessarily , that's doomer talk , maybe but maybe not
the whole world could turn veggan and ban the wheel

[REAL Green]

$this->bbcode_second_pass_quote('Outcast_Searcher', ' ')Plus, EV's very likely will extend the date of oil becoming "scarce" globally by decades if not many decades. Not by increasing supply of course, this time, but by greatly reducing demand. Kind of like conservation on steroids, re global transport.

The endless peak doomer crowd likes to pretend that technological improvements can't make much different, even though they do, over and over again, decade after decade.