Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Waiting for Peak Oil...Quietly Waiting

General discussions of the systemic, societal and civilisational effects of depletion.

Re: Waiting for Peak Oil...Quietly Waiting

Postby retiredguy » Thu 21 Jun 2007, 11:33:23

Hey bob,

You aren't much of an anthropologist if you believe that civilizations can't collapse suddenly. The Cahokians numbered in the tens of thousands and dispapeared within a few years following crop failures. Classic overpopulation scenario.

What about the Mayans? How about the Aztecs and the Incas? The Aztecs' and Incan collapse was precipated by the Spainards, but it happened quickly nonetheless.
User avatar
retiredguy
Tar Sands
Tar Sands
 
Posts: 633
Joined: Tue 11 Jan 2005, 04:00:00
Location: southern Wisconsin

Re: Waiting for Peak Oil...Quietly Waiting

Postby thuja » Thu 21 Jun 2007, 12:36:29

Yes Retired Guy- but humans te the globe, and are located in every bioregion there is. Yes human civilization will collapse...in some places- it already is. I'd say Iraq, Zimbabwe, Rwanda and Somalia are cases in point. But we are talking about a lot of different groups of folks based in very different regions with different carrying capacities.
User avatar
thuja
Intermediate Crude
Intermediate Crude
 
Posts: 2202
Joined: Sat 15 Oct 2005, 03:00:00
Location: Portland, Oregon

Re: Waiting for Peak Oil...Quietly Waiting

Postby 128shot » Thu 21 Jun 2007, 12:37:19

I'm slowly waiting to.

I have a running bet with my parents. If oil hits 80 dollars a barrel by the end of 2008, they'll buy windmills to generate their own power here at home, and if I can get them to do that, I certainly hope I can talk them into growing their own food out here-we have the land to sustain a family of 6 or 7, and there is only 4 of us.
User avatar
128shot
Lignite
Lignite
 
Posts: 303
Joined: Wed 18 Jan 2006, 04:00:00

Re: Waiting for Peak Oil...Quietly Waiting

Postby bobcousins » Thu 21 Jun 2007, 16:12:41

$this->bbcode_second_pass_quote('MonteQuest', '')$this->bbcode_second_pass_quote('bobcousins', ' ')There is no reason to think that price will suddenly shoot to $200/bbl or beyond and stay there.


No, it could well shoot to $200/barrel and rise from there.

I think this is the most likely scenario.

A huge price spike from the markets.


Wouldn't such a high price lead to a severe recession/depression and rapid demand destruction though?

What seems to be happening so far is that oil prices are ratcheting upwards several dollars a year, which is putting a slow squeeze on demand and a push towards alternatives.
It's all downhill from here
User avatar
bobcousins
Heavy Crude
Heavy Crude
 
Posts: 1164
Joined: Thu 14 Oct 2004, 03:00:00
Location: Left the cult

Re: Waiting for Peak Oil...Quietly Waiting

Postby smiley » Thu 21 Jun 2007, 18:47:10

$this->bbcode_second_pass_quote('', ' ')What seems to be happening so far is that oil prices are ratcheting upwards several dollars a year, which is putting a slow squeeze on demand and a push towards alternatives.


I kinda fail to see the slow part in the picture below. Hitting a brick wall would be a more apt description.

To me it seems that the oil prices are increasing at the fastest pace in history. Even if you discard inflation and look at the increase percentagewise, prices are increasing at the same pace as in the seventies.

Back then we called it an oil shock, why should we treat it any different now.

Image
User avatar
smiley
Intermediate Crude
Intermediate Crude
 
Posts: 2274
Joined: Fri 16 Apr 2004, 03:00:00
Location: Europe

Re: Waiting for Peak Oil

Postby Concerned » Fri 22 Jun 2007, 02:46:35

$this->bbcode_second_pass_quote('MonteQuest', '')$this->bbcode_second_pass_quote('Pfish', '')$this->bbcode_second_pass_quote('MonteQuest', '
')
We know it is already mainstream, but when will it really hit home for everyone? How will the world respond?


Read my Year in Review Blog. June 2004 cover of National G and the fall issue of Yes! MAgazine is pretty mainstream, but not on the 6 o'clock news.


Mainstream is Paris Hilton
Mainstream is the DOW
Mainstream is talk about what the Pres is doing today
Mainstream is Climate Change

Peak Oil is still fringe, even today June 2007
"Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
User avatar
Concerned
Heavy Crude
Heavy Crude
 
Posts: 1571
Joined: Thu 23 Sep 2004, 03:00:00
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby Concerned » Fri 22 Jun 2007, 02:51:05

$this->bbcode_second_pass_quote('zoidberg', '
')It is a mistake to underestimate the survival drive. Its got billions of years of evolution behind it. We're not going to burn it all down - some people might try, but they'll be killed/imprisoned, the vehicle for this force will be the central governments -which will be at the height of their size during the peak. I dont see them playing a role further down the road - but for 2010 time period your worried about they'll be the ticket, for some good old fashioned rationing, employing mass violence, and providing a central rallying point.


People with money and power can kill those without and survive.

Where do you fit in the picture?
"Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
User avatar
Concerned
Heavy Crude
Heavy Crude
 
Posts: 1571
Joined: Thu 23 Sep 2004, 03:00:00
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby TheDude » Fri 22 Jun 2007, 04:06:42

$this->bbcode_second_pass_quote('zoidberg', '')$this->bbcode_second_pass_quote('What_Went_Wrong', 'A')nyway, I'd be very surprised if we are all still here talking about this in 2010. very surprised.


Everyone has a vital interest in avoiding that scenario and will willingly choose the necessary sacrifices to avoid an all out collapse.


Wish that applied to CEOs and politicians. I think corporations are fundamentally insane; or they're like moles, great at what they do despite its consequences, and put them out in the sunlight and they're pretty helpless. Or cancers. Global metastization.

This notion of oil being merely a fraction of the energy we spend...do you live next to a supermarket? Or a vineyard? Imagine US gas prices going through the roof. Who's going to be able to afford to drive to get food anymore? Will the trucks still deliver to the stores that supply the food in the first place? Will the growers still be able to supply food? How are employees going to get to the store to work, either?

Buy local? How many farmers know how to grow food without turning an ignition key? Without fertilizers and pesticides?

This is why people talk here using metaphors like going over a cliff. The rate civilizations decline is dependent on how fragile they are on supplying energy to people, and as it stands we couldn't be more brittle.
Cogito, ergo non satis bibivi
And let me tell you something: I dig your work.
User avatar
TheDude
Expert
Expert
 
Posts: 4896
Joined: Thu 06 Apr 2006, 03:00:00
Location: 3 miles NW of Champoeg, Republic of Cascadia
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby bobcousins » Fri 22 Jun 2007, 07:58:46

$this->bbcode_second_pass_quote('smiley', 'T')o me it seems that the oil prices are increasing at the fastest pace in history. Even if you discard inflation and look at the increase percentagewise, prices are increasing at the same pace as in the seventies.

Back then we called it an oil shock, why should we treat it any different now.


Yeah, but it's not $200 yet.

The proof is in the effect, if the rise is too fast it will lead to a crash. We haven't crashed yet. So far, the rise is being weathered.

I'm actually pretty surprised that oil has tripled in price with only debatable effects at the margins. If oil is so vital, how can that be?

Even Kunstler, who is perhaps one of the most strident, calls it a Long Emergency.

$this->bbcode_second_pass_quote('', 'K')unstler argues that as energy becomes scarce, transportation will become difficult or impossible, causing food and other necessary commodities to become unavailable in many communities. It will be necessary for local communities to become self-sufficient for food production, but many communities will be unable to do so, particularly large cities. The result will be mass starvation, disease, and civil unrest. Kunstler suggests that governments will be incapable of managing these problems. This period of scarcity and collapse will possibly last for hundreds of years, hence the "long" emergency of the book's title.


Kunstler has studied this a lot more than I. Why is Kunstler wrong?
It's all downhill from here
User avatar
bobcousins
Heavy Crude
Heavy Crude
 
Posts: 1164
Joined: Thu 14 Oct 2004, 03:00:00
Location: Left the cult
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby bobcousins » Fri 22 Jun 2007, 08:08:25

$this->bbcode_second_pass_quote('TheDude', 'T')his notion of oil being merely a fraction of the energy we spend...do you live next to a supermarket? Or a vineyard? Imagine US gas prices going through the roof. Who's going to be able to afford to drive to get food anymore? Will the trucks still deliver to the stores that supply the food in the first place? Will the growers still be able to supply food? How are employees going to get to the store to work, either?


Oil supply is not going to go off a cliff, so the scenario you describe is fantasy.

Americans consume about 10 times as much as everyone else, and 5 times as much as they need. Far from being brittle, there is a huge amount of redundany in the system.

I'm really not sure why people get so wedded to a fast crash scenario. Is it to make it more sound more dramatic, in order to spur action? GW has this problem. It's hard to get people motivated over something that happens in a century.

If you really want to get the message "out there", the shock tactics are not credible, and don't actually work. If you want to validate your own beliefs, then OK, you're just writing doomer porn. Whatever turns you on, I guess.
It's all downhill from here
User avatar
bobcousins
Heavy Crude
Heavy Crude
 
Posts: 1164
Joined: Thu 14 Oct 2004, 03:00:00
Location: Left the cult
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby smiley » Fri 22 Jun 2007, 15:53:41

$this->bbcode_second_pass_quote('', 'Y')eah, but it's not $200 yet.

The proof is in the effect, if the rise is too fast it will lead to a crash. We haven't crashed yet. So far, the rise is being weathered.

......

Kunstler has studied this a lot more than I. Why is Kunstler wrong?


Kustler is not wrong, (I think.) But Kunstler and I are looking at different timescales. What I think is that the oil prices are locked up in a parabolic rise. This is a well known phenomenon in markets.

Image

These rises have occurred many times in recent history. The dotcom craze is one example, the Hunt induced silver spike is another.

A parabolic rise has nothing to do with the laws of supply and demand. It has everything to do with investor sentiment and exhuberance.

At the end of a parabolic rise prices go nearly vertical. So you see tremendous price increases in a short period, (before common sense kicks in and prices drop). I think we are not at that point yet so we could still rise a lot (150, 200, 250 who knows).

Over a longer period it is just a spike, but your question was whether prices could hit $200 short term and I think they can.
User avatar
smiley
Intermediate Crude
Intermediate Crude
 
Posts: 2274
Joined: Fri 16 Apr 2004, 03:00:00
Location: Europe
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby Ludi » Fri 22 Jun 2007, 17:00:44

$this->bbcode_second_pass_quote('bobcousins', ' ')Far from being brittle, there is a huge amount of redundany in the system.



This redundancy is known as "jobs."
Ludi
 
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby MonteQuest » Fri 22 Jun 2007, 22:05:09

$this->bbcode_second_pass_quote('bobcousins', 'I')'m actually pretty surprised that oil has tripled in price with only debatable effects at the margins. If oil is so vital, how can that be?


It's called "charging it" or "putting it on the card."

Oil revenues are also not put in a mattress, they fuel economic growth.

Those "margins" are third world people priced out of the oil game.

And those whose houses are being auctioned on the steps of the courthouses don't feel marginal either.

Somebody has to absorb the increases, hmmm?
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
User avatar
MonteQuest
Expert
Expert
 
Posts: 16593
Joined: Mon 06 Sep 2004, 03:00:00
Location: Westboro, MO
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby MonteQuest » Fri 22 Jun 2007, 22:08:04

$this->bbcode_second_pass_quote('bobcousins', ' ')Oil supply is not going to go off a cliff, so the scenario you describe is fantasy.


If you define a cliff as 25% in a week, no. But a 5% decline means 50% gone in 14 years.

Might as well be a cliff.

How does an economy slowly not grow at all, hmm?
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
User avatar
MonteQuest
Expert
Expert
 
Posts: 16593
Joined: Mon 06 Sep 2004, 03:00:00
Location: Westboro, MO
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby MonteQuest » Fri 22 Jun 2007, 22:12:16

$this->bbcode_second_pass_quote('smiley', ' ')At the end of a parabolic rise prices go nearly vertical. So you see tremendous price increases in a short period, (before common sense kicks in and prices drop). I think we are not at that point yet so we could still rise a lot (150, 200, 250 who knows).


How does common sense kick in to tell you to stop breathing, eating, drinking water, or using energy?

Energy is not your everyday commodity, especially when it gets scarce with no alternatives.
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
User avatar
MonteQuest
Expert
Expert
 
Posts: 16593
Joined: Mon 06 Sep 2004, 03:00:00
Location: Westboro, MO
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby DesertBear2 » Sat 23 Jun 2007, 05:32:12

$this->bbcode_second_pass_quote('MonteQuest', '')$this->bbcode_second_pass_quote('bobcousins', ' ')Oil supply is not going to go off a cliff, so the scenario you describe is fantasy.


Might as well be a cliff.

How does an economy slowly not grow at all, hmm?


The US economy catches a bad cold at anything less than 2% yearly growth. In fact, the 2% growth rate is viewed as a tipping point into recession. There are only a few times in recent history when the US economy has dropped into negative (contractionary) range and this has only been for a quarter or so.

US financial markets would go into panic mode with quarter after quarter of GDP contraction. And this could happen with just the early 1-2% yearly drop in oil production. The later steeper declines would definitely send the US economy into the hole.

Of course, the gentler slower production drops may not occur. A faster more violent drop may occur in available exports due to a number of factors which include the "new paradigm" thinking among producers who refuse to keeping exhausting a valuable resource to be burned up by the US economy. Or a resource war scenario in which oil infrastructure is destroyed en masse.
DesertBear2
Tar Sands
Tar Sands
 
Posts: 514
Joined: Sat 13 Aug 2005, 03:00:00
Location: BlueRidgeVA
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby MonteQuest » Sat 23 Jun 2007, 09:39:26

$this->bbcode_second_pass_quote('DesertBear2', '')$this->bbcode_second_pass_quote('MonteQuest', '')$this->bbcode_second_pass_quote('bobcousins', ' ')Oil supply is not going to go off a cliff, so the scenario you describe is fantasy.


Might as well be a cliff.

How does an economy slowly not grow at all, hmm?


The US economy catches a bad cold at anything less than 2% yearly growth. In fact, the 2% growth rate is viewed as a tipping point into recession. There are only a few times in recent history when the US economy has dropped into negative (contractionary) range and this has only been for a quarter or so.

US financial markets would go into panic mode with quarter after quarter of GDP contraction. And this could happen with just the early 1-2% yearly drop in oil production.


Exactly. Why would anyone stay in the market when there are no assured long-term ROI's? It's always been buy low & "sell high."
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
User avatar
MonteQuest
Expert
Expert
 
Posts: 16593
Joined: Mon 06 Sep 2004, 03:00:00
Location: Westboro, MO
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby pigleg » Wed 01 Aug 2007, 21:32:50

Waiting, quietly waiting...

You know, lately I'm feeling like it's really starting to be ON now, as in we'll actually see demand pass supply in the next year or so.
Beware the deadly bulb!
User avatar
pigleg
Peat
Peat
 
Posts: 68
Joined: Fri 17 Feb 2006, 04:00:00
Location: Toronto, Canada

Re: Waiting for Peak Oil...Quietly Waiting

Postby RdSnt » Thu 02 Aug 2007, 12:58:38

That threshold was reached some time ago.


$this->bbcode_second_pass_quote('pigleg', 'W')aiting, quietly waiting...

You know, lately I'm feeling like it's really starting to be ON now, as in we'll actually see demand pass supply in the next year or so.
Gravity is not a force, it is a boundary layer.
Everything is coincident.
Love: the state of suspended anticipation.
To get any appreciable distance from the Earth in
a sensible amount of time, you must lie.
User avatar
RdSnt
Heavy Crude
Heavy Crude
 
Posts: 1461
Joined: Wed 02 Feb 2005, 04:00:00
Location: Canada
Top

Re: Waiting for Peak Oil...Quietly Waiting

Postby Tanada » Sat 25 Jul 2015, 15:51:56

On the one hand I am tired of waiting but don't know how much longer we will have to wait. It seems like from the last few years of production records effectively 90 percent of gains came from the USA 'Fracking Miracle' and those days are rapidly winding down by about half.

The question plaguing my mind is, now what? The instant doom expectations I had in 2005-2008 didn't exactly unfold as I expected. On the other hand the way things have unfolded from 2008-2015 have not been all roses and lollypops either.

On the gripping hand, how prepared is our government and the other governments of the planet to deal with peak when it finally starts cutting into world supply? The EIA is still casting fantasies about ever more oil being found somewhere each year for the foreseeable future. The IEA is about the same.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada
Site Admin
Site Admin
 
Posts: 17094
Joined: Thu 28 Apr 2005, 03:00:00
Location: South West shore Lake Erie, OH, USA
Top

PreviousNext

Return to Peak Oil Discussion

Who is online

Users browsing this forum: No registered users and 2 guests

cron