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PeakOil is You

I no longer believe in Peak Oil!

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

Re: I no longer believe in Peak Oil!

Unread postby gigacannon » Wed 10 Dec 2008, 09:53:53

I never thought that peak oil would result in 'doom'. However, I didn't expect the price to fall as low as it has. It seems to me that we had already reached the peak, but apparently the effects of the 'credit crunch' are real; people aren't working/spending as much, and therefore demand for oil derivatives, and therefore oil, must have dropped.

Peak oil is indeed about a peak in productivity, but nobody cares about that; people care about the effect that it will have if society continues to remain dependent on oil. Society has suddenly jerked into low gear; this will delay the effects of an oil production peak, which means more time to convert to a society that does not rely on oil.

I say; depression is a good thing. People spend too much money they don't have on crap instead of spending it on developing a sustainable economy.
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Re: I no longer believe in Peak Oil!

Unread postby Concerned » Thu 11 Dec 2008, 15:52:30

$this->bbcode_second_pass_quote('mkwin', '')$this->bbcode_second_pass_quote('Concerned', '')$this->bbcode_second_pass_quote('mkwin', '')$this->bbcode_second_pass_quote('', 'E')DIT: Actually if we exceed 86 mbpd in 2012 I will eat humble pie and admit how terribly wrong my judgment was based on current events!
We exceeded 86 mbpd this year. If demand was there we could produce 88-89 mbpd now. Spare capacity is now around 4 mbpd back at 2003 levels. Hence the price reversal to that level.
If we had a well functioning economy with a foundation of cheap energy sure we could have 88-89 mbpd demand. Problem is you can't create energy by printing money.
I'll wait to 2012 if your cornocupians end up right the John Denvers of the world I will gladly admit being WAY OUT and wrong.

You don't have to be a cornocupian to disagree with your figures. Many Peak Oilers see peak between 2015 and 2020 with differing rates of decline and differing decline slopes.

In the context of Peak Oil and it's ramifications to industrial society. Im not to worried about being 5% out in production peak guesses.

The impacts of which we are only beginning to see unravel now are what really worry me not so much the specific date and time. Clearly the later the better and a 2015-2020 date would be far better preparation wise than 2012 or today.

Where is my wind, solar, hydrogen, fusion, nuclear economy?
"Once the game is over, the king and the pawn go back in the same box."
-Italian Proverb
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Re: I no longer believe in Peak Oil!

Unread postby Ludi » Thu 11 Dec 2008, 17:54:03

$this->bbcode_second_pass_quote('gigacannon', 'I') say; depression is a good thing. People spend too much money they don't have on crap instead of spending it on developing a sustainable economy.

How will people with little or no money spend it on developing a sustainable economy?
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Re: I no longer believe in Peak Oil!

Unread postby Ferretlover » Thu 11 Dec 2008, 18:44:51

$this->bbcode_second_pass_quote('Ludi', 'H')ow will people with little or no money spend it on developing a sustainable economy?

Exactly. TPTB seem to assume that all they have to do is a few bailouts and everything will be hunky-dory. They don't seem to understand that if people don't have any money to spend, it doesn't matter what They do to shore up failing businesses.
"Open the gates of hell!" ~Morgan Freeman's character in the movie, Olympus Has Fallen.
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Re: I no longer believe in Peak Oil!

Unread postby newbonic » Thu 11 Dec 2008, 18:55:58

$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('jasonraymondson', 'I') was a 100% believer,
Here in lies a problem. The 'peak oil' theory is a scientific theory from the field of geology. No one should believe in a scientific theory, one should instead take some theories as producing better models of the physical world rather than others. .....
:)

Just to be pedantic: In scientific terms I'd say Peak oil is an hypothesis...moving on to theory status as the evidence comes in.

Put simply: A hypothesis is an idea based on reasoning, from which predictions can be made.

It gets 'promoted' to theory status when it's backed by evidence e.g. when the predictions are bourne out by observation or experimentation.

When the theory becomes axiomatic then it becomes a law, e.g. the laws of thermodynamics, or Newton's Laws of Motion (yes I know the LoM are untrue near light speed etc., but they're good enough to keep planes in the air and predict the flight of a bullet or motion of a piston etc.).

The non-scientists' lack of differentiation between hypothesis & theory are a constant source of confusion (but helpful to creationists!). And it seems to be the case for Peak Oil 'Theory' - or should that be hypothesis.

You're right that peak oil shouldn't be treated as a religion though, it's in the realm of science, and its effects are in the realm of geopolitics, and economics.
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Re: I no longer believe in Peak Oil!

Unread postby TheDude » Thu 11 Dec 2008, 19:15:27

$this->bbcode_second_pass_quote('newbonic', 'J')ust to be pedantic: In scientific terms I'd say Peak oil is an hypothesis...moving on to theory status as the evidence comes in.


Image

Seems to work. You're free to conclude that for whatever basket of reasons it won't apply to the world in toto for decades of course.

It doesn't pay when discussing peak oil to get all wrapped up in the rainbow of pet causes people bring to the table, either; that is, if you want to examine the phenomenon in isolation. By extension, some have concluded the ramifications are so dire they direct all their energies towards preparation, and wonder about the mental status of those who continue to dawdle. Hi, Pops! :roll:
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Re: I no longer believe in Peak Oil!

Unread postby TonyPrep » Thu 11 Dec 2008, 19:52:37

$this->bbcode_second_pass_quote('newbonic', '')$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('jasonraymondson', 'I') was a 100% believer,
Here in lies a problem. The 'peak oil' theory is a scientific theory from the field of geology. No one should believe in a scientific theory, one should instead take some theories as producing better models of the physical world rather than others. ..:)

Just to be pedantic: In scientific terms I'd say Peak oil is an hypothesis, moving on to theory status as the evidence comes in.
Put simply: A hypothesis is an idea based on reasoning, from which predictions can be made.
It gets 'promoted' to theory status when it's backed by evidence e.g. when the predictions are bourne out by observation or experimentation.

A theory will have testable predictions. An hypothesis can be backed by evidence, but until it makes testable predictions, it can't be thought of as a theory.

However, which peak oil theory are you referring to?

That a finite resource will have some associated limit of extraction/production, I don't think is in dispute. Would you say this is a theory or an hypothesis, or something else?

What may be in dispute are the many and varied hypotheses of when peak will happen, at what level and with what effect.
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Re: I no longer believe in Peak Oil!

Unread postby Serial_Worrier » Thu 11 Dec 2008, 20:10:37

$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('newbonic', '')$this->bbcode_second_pass_quote('dorlomin', '')$this->bbcode_second_pass_quote('jasonraymondson', 'I') was a 100% believer,
Here in lies a problem. The 'peak oil' theory is a scientific theory from the field of geology. No one should believe in a scientific theory, one should instead take some theories as producing better models of the physical world rather than others. .....:)
Just to be pedantic: In scientific terms I'd say Peak oil is an hypothesis...moving on to theory status as the evidence comes in.
Put simply: A hypothesis is an idea based on reasoning, from which predictions can be made.
It gets 'promoted' to theory status when it's backed by evidence e.g. when the predictions are bourne out by observation or experimentation.
A theory will have testable predictions. An hypothesis can be backed by evidence, but until it makes testable predictions, it can't be thought of as a theory.
However, which peak oil theory are you referring to?
That a finite resource will have some associated limit of extraction/production, I don't think is in dispute. Would you say this is a theory or an hypothesis, or something else?
What may be in dispute are the many and varied hypotheses of when peak will happen, at what level and with what effect.

Just listen to the doomers like Cid Yama, there is only one conclusion and it is the correct conclusion. Just like Jim Jones. He thinks the Governor of Illinois was arrested because Bank of America ordered the federal government to do so.
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Re: I no longer believe in Peak Oil!

Unread postby sparky » Fri 12 Dec 2008, 03:50:50

Serial_worrier, " That a finite resource will have some associated limit of extraction/production, I don't think is in dispute. Would you say this is a theory or an hypothesis, or something else?"

That's a fact, Peak oil , as seen in several countries, is also a fact ,

Extrapolating this to the global oil production is a Theory.

The severe price crash ( I betted 165$pb) has surprised ALL

Since Saudi Arabia flooded the market last year with ~2 millions extra barrels a day, production has fallen, project cancelled, old platforms on the survival list .

The price might not rise much again if customers cannot aford it, The yearly production figure is the only fact .
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Re: I no longer believe in Peak Oil!

Unread postby TheDude » Fri 12 Dec 2008, 05:13:52

$this->bbcode_second_pass_quote('sparky', ' ')Peak oil , as seen in several countries , is also a fact, Extrapolating this to the global oil production is a Theory.

This is special pleading - the world's oil production has never peaked, ergo it can't. People apply the same questionable logic to Saudi Arabia; the cloud hovering over the details of their production helps immensely. Again, you can protest that the world hasn't been explored sufficiently, or that unconventional oil can fill the gap, or that reserves are adequate for high output levels to be sustained for a long time; but a finite region will inevitably peak, given sufficient demand - and it is a relapse in demand that brought the price down, not some enormous bounty of extra oil.
Cogito, ergo non satis bibivi
And let me tell you something: I dig your work.
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Re: I no longer believe in Peak Oil!

Unread postby ROCKMAN » Fri 12 Dec 2008, 09:30:29

Or to take a sledge hammer to Sparky's comment: 2 + 2 = 4 is a fact. So is X + 2 = X + 2. You don't know what X is, just as we don't know exactly what and when the PO rate will be reached (or how many times as the plateau concept would imply). But the answer is fact. Even if someone comes up with a miracle technique for synthetic oil which can deliver all demand for ever, that doesn't change PO as it deals with the discovery and production of naturally occurring oil.
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Re: I no longer believe in Peak Oil!

Unread postby Golgo13 » Fri 12 Dec 2008, 09:39:58

$this->bbcode_second_pass_quote('eastbay', '[')b]yippee-yi-yo-ki-yay 8O

Ghost riders in the sky.
[video width=400 height=350]http://www.youtube.com/v/jAcAo_fSEtc[/video]
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