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Why trust Peak Oil Prophets?

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

Why trust Peak Oil Prophets?

Unread postby Jonathan_Hoag » Sun 05 Feb 2006, 15:49:55

I mean, they are always wrong. Like that guy from the FedEX commercial.

Campbell prophesied peak oil for late 1990s, then early 2000s, now it's 2008 or thereabouts. Matt Simmons predicted $10 gas for this winter because of Hurricanes Katrina and Rita and is predicting $300+ oil for the near future.

Given their track record, should we not just label the lot of them "false prophets" and be done with it?
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Re: Why trust Peak Oil Prophets?

Unread postby sch_peakoiler » Sun 05 Feb 2006, 16:30:37

they are no prophets, they are analysts. And no single Analyst on this planet is 100% true. It is not about believing or not - faith has nothing to do with this (or very little). If you go like you are suggesting then you will have to mark millions of analysts in all areas as "false prophets".


An example of what you right about 10 dollars a gallon prediction of Matthew Simmons. He could never expect that all wester states open their petr. reserves to offset for US production decline because of the hurricane? this was the factor which saved the day, but the core of the Simmons's analysis is that the supplies are tight, with no spare capacity left -and you would hardly argue that would you?

but to return to the "prophecy" topic - no one on planet - frelling- earth is able to predict the peak as accurate as you would possibly wish.
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Re: Why trust Peak Oil Prophets?

Unread postby mididoctors » Sun 05 Feb 2006, 16:35:46

I don't is the simple answer but the counter arguments look increasingly thin

you would think politics and economics technology would interfere in the bell curve. not least because manipulation of the situation and blind panic may occur..along with a zillion other variables

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Re: Why trust Peak Oil Prophets?

Unread postby Karl » Sun 05 Feb 2006, 16:37:06

Matt Simmons applies his knowledge of Peak Oil to its possible economic effects. There are so many factors in play here that predictions can so easily miss the mark. Had not the US benefited from one of the mildest winters on record so far the current base price for oil could be so much different.

Campbell's work is trying to etablish the peaking of oil producing countries worldwide incorporating the production of convential and non convential oils. The picture is bound to be fluid and having to be constantly reavaluated, though by all accounts Geopolitical concerns could mean that today is as good as it gets.

Like anyting in life you should question this and find the answers for yourself. So the 'prophets' are not always totally accurate, but the finite nature of oil is indesputable and at some point it will peak. The signs are getting very strong that it is imminent.
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Re: Why trust Peak Oil Prophets?

Unread postby cornholio » Sun 05 Feb 2006, 16:38:36

You ask "why trust the peak oil prophets" and fault them for being a few years off in their predictions (regarding a complex world-scale event) when the question could be 1) why trust big oil's promises that there is no coming shortage and no need to develop alternatives now (are they biased, a little?) 2) Why trust Saudi Arabia, Iran, and Iraq to supply us cheap oil and give us a 20 year warning before oil output decreases (are they possibly our enemy?) 3) Why feel confident living in a system that depends so completely on a limited resource for transportation, manufacturing, heating and economic growth without KNOWING that supplies are in fact as limitless as you want to believe. I think that it is up to BigOil, the Saudis, the Government and all other institutions to prove that oil is not peaking (prove, not just dismiss the idea). If they cannot prove it and instead offer faith that technology and new discoveries will come through in the last minute then we should be preparing for PeakOil as though it were imminent. Why? Because to not prepare (we need 20 or so years to develope alternative transport and fuels) is just too dangerous given our complete dependance. The fact that a prediction date passed does not mean the event isn't imminent, and dismissing the topic based on a premature prediction does not defuse the issue.

Lack of "certainty" was used to delay action regarding global warming... This is a similar event, in which by the time there is "certainty" it will certainly be too late to act...

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Re: Why trust Peak Oil Prophets?

Unread postby jdumars » Sun 05 Feb 2006, 16:39:26

$this->bbcode_second_pass_quote('Jonathan_Hoag', 'C')ampbell prophesied peak oil for late 1990s, then early 2000s, now it's 2008 or thereabouts. Matt Simmons predicted $10 gas for this winter because of Hurricanes Katrina and Rita and is predicting $300+ oil for the near future.


And how many supposedly-infprmed economists and pundits were saying we'd be at $30 a barrel right now? It seems they were further off than Simmons & co.
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Re: Why trust Peak Oil Prophets?

Unread postby bobbyald » Sun 05 Feb 2006, 17:02:36

This is a major problem for us Peakers, we have cried wolf many times and been wrong. Now that the evidence is increasingly suggesting that we are getting close we are not believed. We cannot adequately counter the disbelievers and so action will not be taken making everything that much worse when it finally arrives.

It’s like jumping out of a plane without a parachute.
We initially say “we’ll hit the ground in 60 seconds”…but we don’t.
We then say “another 20 seconds and we’re dead”…but still we fall.
Then we say “latest estimates suggest 5 more seconds”…wrong again.

You say we’re "false prophets and we’ll never hit the ground".

Let’s just watch events unfold together shall we?
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Re: Why trust Peak Oil Prophets?

Unread postby grabby » Sun 05 Feb 2006, 17:09:10

$this->bbcode_second_pass_quote('jdumars', ']')$this->bbcode_second_pass_quote('Jonathan_Hoag', 'C')ampbell prophesied peak oil for late 1990s, then early 2000s, now it's 2008 or thereabouts. Matt Simmons predicted $10 gas for this winter because of Hurricanes Katrina and Rita and is predicting $300+ oil for the near future.


And how many supposedly-infprmed economists and pundits were saying we'd be at $30 a barrel right now? It seems they were further off than Simmons & co.



The next time (This next winter) they will open the spigots a little later, so we shouldn't predict an amount, it takes credibility away. What we should do is predict that all the nations spigots of reserves will open again this winter in 2006 and then again in 2007 there will be even less when there is a HIGHER spigot need.

when the spigots run low then the rates run high.
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Re: Why trust Peak Oil Prophets?

Unread postby TonyPrep » Sun 05 Feb 2006, 17:36:53

$this->bbcode_second_pass_quote('Jonathan_Hoag', 'C')ampbell prophesied peak oil for late 1990s, then early 2000s, now it's 2008 or thereabouts.
Do you have references for this, Jonathan? Campbell was talking about 2010 in his (and Laherrere's) Scientific American article in 1998. He now tends toward 2008. Seems to me like he's been quite consistent, but modifying the date as new information comes to light. However, the fact that he's now talking of an earlier date, belies your suggestion that he keeps pushing the date out.

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Re: Why trust Peak Oil Prophets?

Unread postby RonMN » Sun 05 Feb 2006, 18:19:31

I can see where you're comming from Jonathan. It took me 7-9 months of hard study on this issue (PO) before i realized it was true.

If you look at the russian gas supply just weeks ago...all it took was a single cold snap for hundreds to die (hell, it was 580+ dead in the ukraine alone).

You can see we're NOT rebuilding the twin towers...nor New Orleans. They may talk a big game but the cold simple fact is we're broke. Pay attention to what the news is saying...but pay CLOSER attention to what it is NOT saying. Eventually you'll see for yourself.

The only reason I haven't seen a $1000+ a month heating bill (so far) is because it's been 40 degrees in Minnesota in january (and my bills have still been over $200 a month). I don't expect this kind of luck to last forever.
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Re: Why trust Peak Oil Prophets?

Unread postby clv101 » Sun 05 Feb 2006, 18:40:32

$this->bbcode_second_pass_quote('Jonathan_Hoag', 'W')hy trust Peak Oil Prophets?
You don't have to take what they say at face value - there's enough data in the public domain which you apply your own common sense shows there is clears a problem of mammoth proportions.
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Re: Why trust Peak Oil Prophets?

Unread postby dbarberic » Sun 05 Feb 2006, 19:28:21

Because what these people are telling you is "directionally correct".

In the business world, you never have perfect information to make a decision. You wait until you have 80% of the answer, make a decision, and move forward. As you progress, you make updates as the other 20% becomes known.
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Re: Why trust Peak Oil Prophets?

Unread postby Gazzatrone » Sun 05 Feb 2006, 19:54:34

$this->bbcode_second_pass_quote('bobbyald', 'T')his is a major problem for us Peakers, we have cried wolf many times and been wrong. Now that the evidence is increasingly suggesting that we are getting close we are not believed. We cannot adequately counter the disbelievers and so action will not be taken making everything that much worse when it finally arrives.


The reason being that market forces are still able to maintain sustainable growth, which is every country's goal within the global market, regardless of who is in government. While this status quo is maintained those that cannot see or wish not to see what will shortly be occuring have the upper hand.

While governments stave off recession and ultimately with Peak Oil, Depression. Those with the attitude of "I'm alright Jack" will ultimately have the winning arguement.

It is with irony that those anti Peakers that use the "Cry Wolf" fable will be the very ones to fall foul of it.
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Re: Why trust Peak Oil Prophets?

Unread postby Phil » Sun 05 Feb 2006, 20:04:49

$this->bbcode_second_pass_quote('Jonathan_Hoag', 'I') mean, they are always wrong. Like that guy from the FedEX commercial.

Campbell prophesied peak oil for late 1990s, then early 2000s, now it's 2008 or thereabouts. Matt Simmons predicted $10 gas for this winter because of Hurricanes Katrina and Rita and is predicting $300+ oil for the near future.

Given their track record, should we not just label the lot of them "false prophets" and be done with it?


The world is full of people like "Jonathan Hoag" -- "sheep", incapable of examining the facts for themselves and drawing a rational set of conclusions, who seek "prophets."
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Re: Why trust Peak Oil Prophets?

Unread postby RacerJace » Sun 05 Feb 2006, 22:17:02

It's also interresting to note that the psycology here ate PeakOil.com is sort of reversed with regard to getting it wrong.. Out in the wider public domain the financial and economic forecasters are usually just ignored if they predict a major downturn that never happens. Yet if they predict great growth and prosperity that never comes they are thrown to the lions and discredited. This is IMO why financial forecasters are cautiously optimistic. They don't like to be barers of bad news but are more scared of beeing too optimistic.

Here on this forum we seem to focus on the negative issues materialsing. If and when they don't we often seem to be dissapointed and start claiming the 'cry wolf' fables. My personal take on all of it is .. yes a lot of the PO material is alarmist in nature but it is for that very reason I am likely to take notice and do my own research to confirm/dispel it. Others are quite likely to just go 'ppppht' and wave off the idea of peak oil and continue to live in denial.. I guess this is just their way of dealing with something they are not capable of comprehending.
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Re: Why trust Peak Oil Prophets?

Unread postby Antimatter » Sun 05 Feb 2006, 23:55:50

$this->bbcode_second_pass_quote('TonyPrep', '')$this->bbcode_second_pass_quote('Jonathan_Hoag', 'C')ampbell prophesied peak oil for late 1990s, then early 2000s, now it's 2008 or thereabouts.
Do you have references for this, Jonathan? Campbell was talking about 2010 in his (and Laherrere's) Scientific American article in 1998. He now tends toward 2008. Seems to me like he's been quite consistent, but modifying the date as new information comes to light. However, the fact that he's now talking of an earlier date, belies your suggestion that he keeps pushing the date out.

Tony


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Re: Why trust Peak Oil Prophets?

Unread postby TonyPrep » Mon 06 Feb 2006, 01:37:14

$this->bbcode_second_pass_quote('Antimatter', 'F')rom the devil himself :roll:
Hmm. In their 1998 article, Campbell and Laherrere had this to say:

"But by 2010 or so, many Middle Eastern nations will themselves be past the midpoint. World production will then have to fall."
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Re: Why trust Peak Oil Prophets?

Unread postby peripato » Mon 06 Feb 2006, 02:50:40

$this->bbcode_second_pass_quote('Jonathan_Hoag', 'I') mean, they are always wrong. Like that guy from the FedEX commercial.

Campbell prophesied peak oil for late 1990s, then early 2000s, now it's 2008 or thereabouts. Matt Simmons predicted $10 gas for this winter because of Hurricanes Katrina and Rita and is predicting $300+ oil for the near future.

Given their track record, should we not just label the lot of them "false prophets" and be done with it?

Just keep observing the price and the worldwide production numbers. That's where the truth lies.
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Re: Why trust Peak Oil Prophets?

Unread postby Gazzatrone » Mon 06 Feb 2006, 06:27:06

$this->bbcode_second_pass_quote('RacerJace', 'H')ere on this forum we seem to focus on the negative issues materialsing. If and when they don't we often seem to be dissapointed and start claiming the 'cry wolf' fables. My personal take on all of it is .. yes a lot of the PO material is alarmist in nature but it is for that very reason I am likely to take notice and do my own research to confirm/dispel it. Others are quite likely to just go 'ppppht' and wave off the idea of peak oil and continue to live in denial.. I guess this is just their way of dealing with something they are not capable of comprehending.


For the simple reason for focusing on the negative is because so many are ignoring the point of having no oil. By ignoring it, when the full extent of PO becomes apparant nothing will have been done to ease the transition period from a civilisation ased on petrochemicals to one that isn't.

The alternatives we have are no way near enough to maintain the society we have now.

The reason why Peak Oil is so alarmist is because there is no easy way of saying that civilisation is heading for a seismic change.

People just cannot grasp this which is why the PO debate goes over their heads
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Re: Why trust Peak Oil Prophets?

Unread postby kevincarter » Mon 06 Feb 2006, 07:21:12

Why trust PO prophets?

Don’t! You shouldn’t believe a bit in PO, what you should do instead is buy a humvee, move down town, rise your debt, invest all your money in the real state market and have no savings. Besides that make sure that there is no food or water supplies at your home. One should be consequent with his thoughts. No PO, no preparations. Because nothing is gonna happen, right?
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