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WSJ, Page 1 [Nov 19] - Oil Production Peaking!

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

Re: WSJ, Page 1 [Nov 19] - Oil Production Peaking!

Unread postby TheDude » Thu 22 Nov 2007, 07:39:02

Think this might be a good time/place to link to these Robert Rapier articles:

High Gasoline Prices, Part 1: Immediate Causes

High Gasoline Prices, Part 2: Long-Term Factors
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Re: WSJ, Page 1 [Nov 19] - Oil Production Peaking!

Unread postby h20 » Thu 22 Nov 2007, 11:59:13

Hey TheDude, those articles don't even mention peak oil, falling/plateauing supply or rising Chinese demand, so they are pretty fucking useless.
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Re: WSJ, Page 1 [Nov 19] - Oil Production Peaking!

Unread postby DantesPeak » Thu 22 Nov 2007, 12:55:18

$this->bbcode_second_pass_quote('h20', 'T')alking about Danny "Baghdad Bob" Yergin, I hear he's starting to get worried:

$this->bbcode_second_pass_quote('FT.com', '')Until recently, there has been less concern about oil in the $90s than there was when it was $60 or $70. But it is obvious that oil at $100 is going to have much more impact than oil at $70,” said Daniel Yergin, chairman of Cambridge Energy Research Associates




I see Yergin widely quoted lately and usually stating the obvious. He doesn't appear to be attacking PO as much, but as I stated earlier in my email to the WSJ, he appears to be the inspiration behind the troubling quote in the WSJ article.
It's already over, now it's just a matter of adjusting.
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Re: WSJ, Page 1 [Nov 19] - Oil Production Peaking!

Unread postby TheDude » Thu 22 Nov 2007, 14:20:01

$this->bbcode_second_pass_quote('h20', 'H')ey TheDude, those articles don't even mention peak oil, falling/plateauing supply or rising Chinese demand, so they are pretty fucking useless.


Thanks!

I figured someone new to the subject who read the article might come to this site, look up this topic, and wonder how this could hit them in the pocketbook. Also thought I'd put in a correction to the last couple years of MSM blather about greedy corporations fleecing us.
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Re: WSJ, Page 1 [Nov 19] - Oil Production Peaking!

Unread postby whereagles » Thu 22 Nov 2007, 17:16:12

$this->bbcode_second_pass_quote('DantesPeak', 'I') have increasingly been getting that unpleasant gut feeling that events are about to overwhelm even most of us here who think they can see what’s coming.


Some predictions aren't coming true. I would expect more economic turmoil at this stage, but maybe it's still early.

But in any case there are a lot of examples where the most innocent-looking things ended up with massive change, while other seemingly-important events ended up with marginal consequences.

Too much uncertainty to tell what will happen, although the supply-demand gap certainly tells you something WILL happen. That's for sure.
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Re: WSJ, Page 1 [Nov 19] - Oil Production Peaking!

Unread postby whereagles » Thu 22 Nov 2007, 17:22:00

$this->bbcode_second_pass_quote('BigTex', 'H')ow can unlimited cheap energy be possible in a world of finite resources, unless there is something supernatural about it? Sounds silly, but isn't this fantasy one of the core assumptions on which the modern world is based?


The fact that using finte resources will eventually end up with depletion is of such an inescapable logics that a 4-year old can already understand it. What that 4-year old will take 30 years to realize is that people have interests and will do whatever it takes to have their interests realized, not caring much for what might happen afterwards.

I was one such 4-year old.
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Re: WSJ, Page 1 [Nov 19] - Oil Production Peaking!

Unread postby dohboi » Fri 23 Nov 2007, 02:11:04

When the MSM truly embrace PO, that will be the very surest sign that we are really past any remote hope of doing anything effective about it.

(This is a corolary to the principle that when Newsweek declares that a bull market is hear to stay, it is time to get out of the market.)
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