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 Post subject: Where are all the Peak Oilists?
New postPosted: Sat Mar 13, 2004 4:15 pm 
My possibly incorrect understanding was that Peak Oil was a real concern with a great many people. Public concern for some, secret concern for others, rising concern for most.

Is this not the case?

Did something happen in the short time between the creation of this forum and now?

Are the proponents simply tired of educating the masses? Tired of defending an indefensable position, or at an unprovable one? Tired of banging their head against the concrete wall of economic reality?

Seriously, sup?

I'd love to read some real debate on the subject because personally, my mind is not yet made up.


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 Post subject:
New postPosted: Sun Mar 14, 2004 2:47 pm 
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Coal
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Well, first of all this site is very new if I'm not misinformed. And also, many people like myself have just recently stumbled on the concept of Peak Oil and want to see what other people, who know more, have to say about it. But wait a few weeks and I guess there will be more discussion around here!


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 Post subject:
New postPosted: Sun Mar 14, 2004 3:04 pm 
Lugal wrote:
And also, many people like myself have just recently stumbled on the concept of Peak Oil and want to see what other people, who know more, have to say about it.


Why would they say anything if not prompted to do so?

I'm on the fence but I'm leaning toward it being just another Chicken Little rant. Sort of like global warming, CFC's, and most notably, nuclear power.

Sure, if we keep using oil like we currently do, we'll start running low of the easy-to-get stuff eventually -- maybe even as soon as the scare mongers suggest.

That's where economics 101 kicks in and starts driving the price slightly higher, which in turn decreases the oil demand and increases the demand for alternate energy sources. Likely a very smooth transistion that wouldn't make much more than a blip on the life-style radar.

Unless someone can explain to me why that is not so in the case for this particular commodity then I've got no choice but to call this spade a spade.


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 Post subject: myth
New postPosted: Tue Mar 16, 2004 11:16 am 
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Coal
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You have to read the literature before you decide. "Out of Gas" is the latest book, written by a physicist. The thing to know about this book is that is doesn't really make the peak oil argument. All it does is assume the truth of peak oil, and then explore the possibility of whether there is any feasible alternative energy source.

Basically, he says, if peak oil is true, can we:

1) convert to wind - maybe but it would require the biggest capital investment in the history of the U.S.
2) hydrogen fuel cells - no, it's a net energy loss
3) coal - no there's not enough coal and the pollution consequences in the short term will be severe.
4) nuclear - no, there's not enough Uranium 235. That leaves the possibility of breeder reactors using plentiful 238 to make lots of Plutonium 239.

The other book is Kenneth S. Deffeyes's "Hubbert's Peak."

This is the geological explanation of oil resources, from a guy who worked for Shell and taught at Princeton, and it is a good read. His argument boils down to "there are no major oil finds left because petroleum geologists know how to look for oil and they've looked almost everywhere." If you take nothing else from this book you can take an entertaining history of oil exploration technology.

Economics can tell us when alternatives become cost effective, but not when they become energy-effective. That's a technology problem and there are no easy answers.


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 Post subject: Re: myth
New postPosted: Tue Mar 16, 2004 5:56 pm 
Thank you for your thoughts, Kenny. Regarding the literature you cite, I haven't read it but perhaps I shall -- even if only to get a better understanding of why nuclear is not a viable option. U238 is abundant and turning it into U/Pu239 doesn't seem like a bad thing to me. Sure, you can make a nuke out of it but so too can you make a nuke from U235 (albeit not as big a boom) That seems like a management issue to me and no more dangerous than the situation we currently have with oil.


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 Post subject:
New postPosted: Wed Mar 17, 2004 11:39 am 
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Coal
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The January 2004 "Petroleum Review" offers what seems to be a very sensible look at the short-term oil supply and concludes that supplies will be able to meet demand through at least 2008.

Quote:
The year 2005 continues to be the peak year for new mega projects coming onstream. Some 18 projects with a potential peak capacity of 3mn b/d are due onstream in 2005. For 2006 the pace of development eases back a little to 11 projects, with a capacity of around 2mn b/d.
...However, the bottom line is that between 2003 and 2007 some 8mn b/d of new capacity will have been brought onstream to meet global oil demand growth and to offset the decline in oil production from those areas that are already in decline.

Currently 21.3 mn b/d or around a third of the world's oil production is already in decline, the best estimate of the likely decline rate going forward is about 4%, made up of a typical onshore decline rate of around 3% and an offshore one of around 5%. On the basis of a 4% decline rate for one third of the world's production, global capacity declines by over 1 mn b/d each year. Global demand growth is once again expanding at over 1 mn b/d...

As a rough calculation, by early 2007 production capacity will have declined by 3-4 mn b/d (2004-2006), offset by the 8mn b/d of new capacity - giving up to 4 mn b/d of new capacity to meet demand growth of around 3mn b/d. However, this is before the additional capacity created from the development of all the smaller accumulations and the expansion of production in existing fields. In short, supplying global oil demand up to 2007 appears to be well covered adn, depending on the timing of new capacity and economic conditions, there may even be periods of relative price weakness.

If we look beyond 2007, however, the outlook becomes rather more problematic. Only three mega projects are so far known for 2007 and a further three for 2008. For 2009 and 2010 only the later stages of existing projects are currently known about. Consequently, the volumes of new production for this period are well below likely requirements.”


The article assumes that the IEA's demand projections are correct, then lists all the projects under development and their expected production.

The only caveat would be if they are wrong about 1/3 of all oil production being in decline. For example if Saudi production started to falter, then that 1 million b/d new production surplus over demand might evaporate overnight.

In any case, if the Petroleum Review is credible, then it seems to me there ought to be cautious optimism that the sky won't fall before 2010 and genuine concern that there are no more big projects coming onstream after that.

My feeling is that we'll see steady upward price pressure on oil for the next five years, but that the U.S. economy will be able to absorb it. But if the ultimate downturn starts in 2010, you have to wonder when, if, and how we'll be able to do anything about it.


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 Post subject: peak oil websites
New postPosted: Wed Mar 24, 2004 8:53 pm 
Peak oil is real. Here is the main website that discusses peak oil. Study it because your life may depend on it.

www.hubbertpeak.com

here are others

www.peakoil.net/
www.greatchange.org/
www.odac-info.org/
www.simmonsco-intl.com/Research.aspx?Type=RSArchives
www.dieoff.org


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 Post subject: debate?
New postPosted: Tue Mar 30, 2004 12:36 pm 
If it's debate you want then go to Yahoo Groups....Energy Resources.


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 Post subject:
New postPosted: Sat Apr 03, 2004 1:32 am 
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Coal
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Posts: 5
Peak oil is non-debatable, it's just common sense. Richard Heinberg's book The Party's Over is an excellent book on the topic. Lack of supply creating demand for alternative energies does not apply to this situation as economists have been preaching. At the moment there ARE no alternative energy sources suitable to replace oil. Over 500,000 different products rely on oil. Oil is the most important factor behind modern agriculture. Without oil our population would not have exploded from 1 billion to 6+ billion people. As oil supplies dwindle there won't be enough to create fertilizers (nitrogen) and our grain output will decrease dramatically. The entire food system cannot support itself without oil.

The system will only be able to cope with 2 billion people or so unless we can conceive of a viable alternative energy source. All alternative energies to date have already been written off by the scientific community. Natural gas is on a relatively similar decline as oil which is equally unsettling because we produce most of our electricity from it. One could argue we rely more on electricity than we do on oil. In both situations unless drastic measures are taken right now to limit population growth and reduce our energy consumption by 5% a year starting now, billions of people are going to die.


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 Post subject:
New postPosted: Sat Apr 03, 2004 12:30 pm 
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Moderator
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Location: My Grandkids' Farm
Hello all,

It seems to me that it is pretty obvious that any finite resource will have a mid point of availability. It isn’t a huge leap them to understand that the high point of discovery indicates the eventual high point of production. While economists can wax about “demand destruction” and “replacement technology” the difference is that this “commodity” is fundamental to our ENTIRE way of life, there is no replacement technology to this fantastically “dense” energy source and the few possibilities will take years and huge investments to even get close. Demand destruction in this case relates to the reduction of the world FOOD supply for kripe sakes!

Believe it or not, I didn’t come to “Peak Oil News” to debate (or rant) about the validity of peak oil, there are lots of sources of information and evidence available for those willing to read and decide for themselves. It is a very scary thing to get your head around, but here are our plans FWIW.

We are going the “Lone Farmer” route; relocating away from large populations, learning more agrarian skills, and preparing for the (hopefully) long slide. In the interim (5,10, ? years) I will continue working as a graphic designer, I can work anywhere there is dependable power and a satellite link to communicate with my rep back in town. This has been our plan for years for early/semi retirement, its just earlier than expected. We don’t look at it as a “bunker” so much as a “school” to teach our kids and grandkids (and ourselves) how our parents and grandparents got by without cheap oil.

We are “Ebaying” and yard-saling our late 20th century technology and replacing it with early 20th century technology; out with the electric guitar and in with the acoustic. Our small budget includes alternative power but also lots of “elbow grease” powered solutions.

I don’t believe there will be an oil “crash” soon, but there certainly could be an economic crash as the cost of oil and virtually everything else begins its inevitable rise. That is the wild card; how long do we have to prepare before the cost of preparing is out of reach or the necessities unavailable?

Pops


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 Post subject:
New postPosted: Sat Apr 03, 2004 4:33 pm 
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Coal
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Posts: 5
Good question. The earlier the better I say. OPEC statistics are extremely unreliable and the stats coming out of Saudi Arabia are iffy at best. We don't know much about Saudi Arabia's Oil fields and production, but the oil market could come crashing down even now rather than years from now. I think our generation is the last one that is going to have a rather comfrotable life style, those being born from 2005 and on are going to have to deal with a much different world once they begin to age.

Pops- What kind of prerequisites are companies looking for in graphic design emplyees?


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 Post subject:
New postPosted: Sat Apr 03, 2004 5:43 pm 
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Moderator
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Joined: Sat Apr 03, 2004 1:00 am
Posts: 8178
Location: My Grandkids' Farm
Now I get the title of this thread, I’m a “Peak Oilist”! Cool, I thought I was the only a humble “Prophetic Luddite”.

I was just reading “the Myth of Peak Oil” or something like that in the archives and was really amazed to hear the author blithely admit that production may indeed soon peak but the “Magic Hand of the Market” would smooth things out and all will be well. And so it may be… for us. I suppose that is the way it is nowadays; as long as it is good for me let the devil (poor people, my offspring, everyone else) take the hindmost. Increasing prices will indeed reduce demand, which will ease prices somewhat, which will increase demand somewhat… but this isn’t your father’s cycle, this one goes inexorably down.

Royale, The Oil Cos and countries definitely have a vested interest in assuring us and their investors that it’s OK to drive a Hummer to Mickey D’s to buy petroburgers and cheap plastic Chinese toys in happy meals.

I don’t really know how to get in my position in a short amount of time. I have been self-employed in advertising and graphics for years and probably have a fairly unique position; I work at home with a small client base built over time with which I now have little face-to-face interaction thanks to email & PDF. I started out long ago in a print shop but then went in all sorts of different directions until cheap computers came along that allowed me to do the kind of work only dreamed of 30 years ago – or 10 for that matter. I am relocating from central Ca to (probably) Missouri, and will utilize a local rep as much as possible in CA and possibly fly out periodically as long as that is feasible. I have hospital advertising and collateral as well as other industries’ materials in my portfolio and hope to acquire a few new clients out there. With my meager savings, but mostly the hyper inflated profits from my current home (RE bubble is another reason to get out while we can) we will be able to be free and clear of a mortgage - which will trim about 3 grand off my monthly overhead.

I have a cousin in the McAllister, OK area that told me people with computer skills are in short supply in rural areas, could be a possible source of “off farm” income.

Pops


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 Post subject:
New postPosted: Mon Apr 05, 2004 12:11 am 
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Intermediate Crude
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Location: Western US
#31, I'm kinda surprised there aren't more here too. The book that started my research in Dec was The Hydrogen Economy. The Author was fairly optimistic in comparison to some but went into the weird politics of the Mideast, anyway, not a bad read.


Last edited by dmtu on Mon Apr 05, 2004 10:01 pm, edited 1 time in total.

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 Post subject:
New postPosted: Mon Apr 05, 2004 9:12 am 
Hey, John here. I'm 15 years old but relatively well educated when it comes to Peak Oil. I've read through most of the internet sources and some manuscripts of Peak Oil conferences and the likes. Ever since I heard about this about a month ago I've been preaching it to people, and I've become a firm believer in peak oil. But my views diverge from people who say

Quote:
billions of people are going to die.


because such an outcome is not logical. We will not see the instant death of 90% of the world population. It will, instead, be a long slow decline that brings us down to the 1-2 billion people level say one hundred years from now. Other "scare mongers" also believe that there will be nuclear holocaust and widespread wars (www.aftertheoilcrash.net). Again I'd have to disagree. America will be involved in so many wars of attrition and occupation that it will be in no position to fight wars (not to mention the manifest increase in oil prices making it near impossible to field an international shock army.)

As much as I like to preach and debate ^^^ the sad fact is there's nothing I can do about it until I'm legally an adult. All I can do is try to walk or ride a bike a lot. And people tell me one person won't make a difference. Shows how active people are in trying to ameliorate things :\


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 Post subject:
New postPosted: Mon Apr 05, 2004 3:58 pm 
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Coal
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Quote:
because such an outcome is not logical. We will not see the instant death of 90% of the world population. It will, instead, be a long slow decline that brings us down to the 1-2 billion people level say one hundred years from now.


This is what was meant, I didn't bother elaborating. 100 years from now is a ridiculously short time frame for billions of people to die. There's no need to scare monger when faced with something like that.

Quote:
Again I'd have to disagree. America will be involved in so many wars of attrition and occupation that it will be in no position to fight wars (not to mention the manifest increase in oil prices making it near impossible to field an international shock army.)


We'll see. America is trying hard to control the world's resources and maintain the dollar in the world economy, in the process stepping on everybody's toes. China will be consuming more energy than America eventually with a population already over 1 billion. There is a possibility of a nuclear war breaking out but it's too hard to say right now.


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