[emersonbiggins]

That's what the WSJ thinks, that proponents of the Peak Oil theory believe that the planet is "running out of crude," so to speak. Well, here's the exact words of one of their latest articles, recently run in a local daily:

$this->bbcode_second_pass_quote('', 'I')t doesn't appear that the planet is running out of crude, as proponents of the "peak oil" theory have argued. But some oil experts foresee the big Western oil companies running out of easy-to-tap oil, and most of them are already turning to harder-to-recover reserves.

[Novus]

I have seen this strawman used against Peak Oil for a long time. Many people have no idea of the concept of peak. They use the glass of water analogy in that they can drink the second half as easily as they drank the first half and they don't have to worry about anything until it all gone. Little do they know about Hubbert curves or declining EROEI.

[mekrob]

They aren't completely horrible. If you have a password for the Journal check out this.

If not, I hope I don't break any laws by posting this...:

Yup... you're breaking US law when you do that... subscription content deleted.

They actually cite that it's a net energy loser and quote Pimental. I woulda thought they'd be begging for more subsidies and grants for ADM. They have a little sense, but pretty bad liars.

[Aaron]

$this->bbcode_second_pass_quote('', 'I')t doesn't appear that the planet is running out of crude, as proponents of the "peak oil" theory have argued. But some oil experts foresee the big Western oil companies running out of easy-to-tap oil, and most of them are already turning to harder-to-recover reserves.

[MadMarcus]

$this->bbcode_second_pass_quote('Aaron', '
')They have correctly stated peak theory... just a wrong attribution.

PO is indeed about declining amounts of "easy" (read "conventional") oil production, and the transition to unconventional resources.

[EndOfSewers]

Everything comes down to exponential growth. Peak Oil is just the first wall we'll run up against.

Of course, by the very nature of exponential growth, by the time there's any hint of a problem, it's far too late.

[PenultimateManStanding]

I read it mekrob before it was deleted (I think you have to pull out and post a few relevant lines but you can't post the whole thing). It went to show that WSJ may have some heated internal debate about PO going on. Next year, maybe the year after, the debate will eventually be over.

[emersonbiggins]

$this->bbcode_second_pass_quote('Aaron', '')$this->bbcode_second_pass_quote('', 'I')t doesn't appear that the planet is running out of crude, as proponents of the "peak oil" theory have argued. But some oil experts foresee the big Western oil companies running out of easy-to-tap oil, and most of them are already turning to harder-to-recover reserves.

[Battle_Scarred_Galactico]

Plus they TOTALLY ignore demand growth, and what would happen if their rediculous water analogy were true. The oil would vanish literally overnight and there would be absolutley none left after a further 20 or so years of growth.

Yer that sounds like a far better option. Its' a good job the laws of physics don't allow for it.

[emersonbiggins]

$this->bbcode_second_pass_quote('pstarr', 'I')'ll let you in on a big secret of the Peak Oil Community. We are running out of crude. After several hundred million years the petroleum is about to be used up

[Falconoffury]

The world will never run out of oil because we will never have the means to find and capture it all.

Oil will decline, which is different from running out. We will see a year on year decline of oil over a very long period of time.

[Battle_Scarred_Galactico]

Oil will decline, which is different from running out. We will see a year on year decline of oil over a very long period of time.

If we see declines of 10%+ it might not be that long falcon. The North sea are not the only wells to have been pumped to the limit.