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UK Report on "Risks & Impacts" of PO

Discuss research and forecasts regarding hydrocarbon depletion.

UK Report on "Risks & Impacts" of PO

Unread postby Pops » Thu 16 Jun 2011, 17:07:30

Monibot wrote:
A powerpoint presentation released at last by the Department of Energy and Climate Change, in response to freedom of information (FoI) requests by the indefatigable Lionel Badal, shows that in 2007 the Labour government spent six months secretly gaming the likely impacts of declining global oil supplies. The results were not pretty.


Available in pdf here

I thought this table showing the actual price impact of various supply disruptions made was interesting enough to lift:

Image
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: UK Report on "Risks & Impacts" of PO

Unread postby papa moose » Fri 17 Jun 2011, 02:11:04

Very Early Peak* Scenario
This scenario is included to show the more extreme of all of possible (even though not thought likely) scenario, which has been considered and put forward by a few experts


They define "Very Early" as pre-2010, so not much point reading the second half of the report.

This work was done before the 2008 oil price hike and the credit crunch.


Which has been argued to have been caused by PO occurring in 2005.

Sort of like the old question "if a tree falls in the forest but no one is there to hear it, does it make a sound?". No one knew at the time that PO had occurred but it made a hell of a sound!
"That really annoying person you know, the one who's always spouting bullshit, the person who always thinks they're right?
Well, the odds are that for somebody else, you're that person.
So take the amount you think you know, reduce it by 99.999%, and then you'll have an idea of how much you actually know..."
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