by AdamB » Sat 03 Sep 2022, 08:32:46
$this->bbcode_second_pass_quote('Tanada', 'T')he main thing holding this back from happening is the abundance of cheap accessible fossil fuels, why bother producing $3.00/gallon synthetic diesel fuel when you can pull it out of the ground and refine it for $0.60/gallon and make a hefty profit even after high excise taxes?
HOW ARE YOU BE FACTUAL AND USE DATA AND STUFF!!!!
I often ask Doly about her experience with resource cost curves, as they are the real mechanism behind figuring out the size and shape of ultimately recoverable oil and gas (and coal) and she doesn't respond.
You have succinctly explained why, backstopping non-renewable energy resources to which those curves apply, there is this....THING. It is a very BIG thing. And Hubbert had it pegged in the same instant he pointed out the basis for the religion that sprang up around that 1956 work. He didn't include the cost of it as you just did, but he didn't need to, his paper was on resources and their size and shape, he was a real scientist, not some pesky economist.
The peak oil religion missed the entire point. Myopic doesn't come close to describing their short sightedness when it comes to energy resources available to humans.
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)"