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PeakOil is You

Crude Oil Prices

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

Re: Crude Oil Prices

Unread postby meemoe_uk » Tue 31 Jul 2012, 06:35:38

I had a look at your site.
Headlines :

" muslims murdering christians "
Whether Obama is Socialist or Fascist, His Policies are Stealing Our Freedoms
Washington Post Awards Obama Four Pinocchios for His Malicious Lie Claiming America's Infrastructure is Crumbling
Gotcha! How the Obamaites Lie and Distort the Number of Jobs They Claim to Have Created
Oceans of Garbage

It's a hype and anti government site with oil prices on the side bar.
The oil price graphs show prices were higher during the 2008 spike, although I know the latest peaker gimmick is averaging oil prices over time and cherry picking the time duration over which to average the oil price so that now has the highest average oil price.

Funny, peakers weren't playing with averages back in 2008 !
:)
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Re: Crude Oil Prices

Unread postby seenmostofit » Tue 31 Jul 2012, 09:57:51

meemoe_uk wrote:
Funny, peakers weren't playing with averages back in 2008 !
:)


Peakers aren't really peakers anymore, are they? When peak turned out to not be a peak, but a plateau, suddenly they were plateauers. If the recent data is to be believed, perhaps they will become peakers again except at a new level, somewhere off in our future yet. So they pulled the fire alarm a little early...what's the big deal? Have you noticed how few of them are left? In a few years we'll have another peak (or plateau) and their children can recycle all of these wonderful scenarios, and guys like you can point out how those ideas didn't work over these past 7 years, and an entirely new peak oil boomlet will happen all over again.

Let us not forget that Hubbert wasn't the first calling for peak oil in the US, and when he did, he predicted it would happen mostly likely before 1950. Why? Because all the easy oil had been found. So even he had to keep up the clamor for a couple of decades before he could become the prophet of peak.

The reference, in case you are interested, comes from his Technologist days, back in 1938. Which was some 2 decades AFTER others were calling for a US peak in oil production. Those who don't study history are doomed to repeat it, and this particular concept fits that pattern pretty well.
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