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Re: Peak Oil is a Myth
(Score: 0)
by Guest on Wednesday, May 12 @ 14:47:05 PDT
Spirited discussion…
Many valid arguments from both sides of the fence in here. I’ll see about creating a forum section specifically for threads on debunking peak oil theory. I search out counter-points on peak theory aggressively myself, and believe a healthy dialogue is key to understanding any issue.
Regulars here already know my current thinking, but I think it is well to reiterate that the heart of peak theory speaks to a dramatic increase in oil price based on the decline of cheap oil production. No one should dispute that higher prices will curb demand, or that more expensive forms of oil will be exploited. While the world could curb demand substantially over a period of time, keep in mind that the majority of oil consumption is industrial, military, manufacturing, and private sector, in that order. So it’s one thing to say we can cut down on luxury oil uses, and quite another to say we will reduce the use of oil for industrial or manufacturing purposes.
I would posit that almost all of the points raised here are quite valid, minus the sarcasm, and in fact reinforce the concept that the end of cheap oil will have long-lasting effects on our world.
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