[Gazzatrone]

$this->bbcode_second_pass_quote('shortonoil', 'Y')=20*(exp(-x-25)/10+2)+1);
the best fit for a curve from Cleveland & Kaufmans calculations of US oil’s ERoEI from 1954 to 1997 plus the generally accepted point of 100:1 for 1930. The .47% number is the slope of the straight line that best fits this equation from 2000 to 2030, extrapolated to world production, by comparison of points on its corresponding Logistics Curve.

[DantesPeak]

$this->bbcode_second_pass_quote('shortonoil', 'Y')=20*(exp(-x-25)/10+2)+1);
the best fit for a curve from Cleveland & Kaufmans calculations of US oil’s ERoEI from 1954 to 1997 plus the generally accepted point of 100:1 for 1930. The .47% number is the slope of the straight line that best fits this equation from 2000 to 2030, extrapolated to world production, by comparison of points on its corresponding Logistics Curve.

[Valdemar]

$this->bbcode_second_pass_quote('Gazzatrone', '
')
I think most people on here know my stance on EROEI. I more than convinced that EROEI will be the sting in the tail that no one (present company excluded) saw coming.

[shortonoil]

DantesPeak said:

$this->bbcode_second_pass_quote('', 'M')y WAG is that in 2007, EROEI is falling a little faster, but not much.

[dinopello]

I was struck by this new (very short) article Link
$this->bbcode_second_pass_quote('', 'W')orld oil production may peak in in the coming years, but it will be because of a decline in demand for petroleum not a lack of supply, a BP economist said on Wednesday

[deeciduous]

Supply always equals demand..
.
The OPECS have said for years that the reason their production is down is that "no one wanted to buy any more"

Just an cover excuse.

When oil "demand" decreases about ten percent, many other "demands" will drop also, like the demand for a government, power lines, transportation, and food because the demand for people will drop also.

[joe1347]

$this->bbcode_second_pass_quote('Plantagenet', 'B')P gets some positive PR from doing a bit of solar development, but they don't actually need to do very much to get that PR.

If BP was earning a reasonable return doing solar, they'd be doing as much of it as possible. Unfortunately, at a time of falling oil prices, it becomes harder and harder for alternative energies like solar to be competitive and to earn a competitive ROI.

[Plantagenet]

$this->bbcode_second_pass_quote('joe1347', '')$this->bbcode_second_pass_quote('Plantagenet', 'B')P gets some positive PR from doing a bit of solar development, but they don't actually need to do very much to get that PR.

If BP was earning a reasonable return doing solar, they'd be doing as much of it as possible. Unfortunately, at a time of falling oil prices, it becomes harder and harder for alternative energies like solar to be competitive and to earn a competitive ROI.

[cephalotus]

$this->bbcode_second_pass_quote('joe1347', '
')2. BP knows something that the rest of us don't. German subsidies are certainly driving demand for photovoltaics. Has BP heard through it's sources that Germany will start scaling back the subsidies? Hence, photovoltaic demand will fall in the not too distant future.

[joe1347]

$this->bbcode_second_pass_quote('cephalotus', '')$this->bbcode_second_pass_quote('joe1347', '
')2. BP knows something that the rest of us don't. German subsidies are certainly driving demand for photovoltaics. Has BP heard through it's sources that Germany will start scaling back the subsidies? Hence, photovoltaic demand will fall in the not too distant future.

[Plantagenet]

$this->bbcode_second_pass_quote('joe1347', ' ')Given the USA's small percentage of worldwide annual PV sales, it's difficult to believe that the USA can have much of an impact.

[burtonridr]

$this->bbcode_second_pass_quote('lowem', 'P')erhaps they're re-thinking it as oil goes below the $100 support level. They'll probably re-re-think it when oil hits $200.

It's all a matter of price.

[Graeme]

Oil could remain low for over a year-BP economist

$this->bbcode_second_pass_quote('', 'W')orld oil prices are likely to remain low for another 12-18 months if the global economic crisis continues to cut demand for oil, the group chief economist at BP said on Tuesday.

'We should expect oil price volatility and low oil prices for 12-18 months until economic recovery helps prices to rise,' said BP's Christof Ruhl at the Oil & Money conference in London.

[Pops]

What a great opportunity for those seeking to be more independent from the current paradigm!

[AirlinePilot]

I doubt we have that long to wait. Your going to get a price rise in just about any circumstance besides Global Thermonuclear war or Apostos hitting the planet early.

[Starvid]

"Could".

Yeah. I agree. And I could become richer than Warren Buffet before the end of the year. Not very likely... But I *could*.

[seldom_seen]

$this->bbcode_second_pass_quote('Starvid', '"')Could".

[idiom]

So now would be the time to seriously increase national SPR's?

[ROCKMAN]

Good point idiom. I haven't heard anything about the SPR since purchases were halted.

Any updates out there?