The only reason we should really care
about peak oil is that it means oil will be getting increasingly expensive and, as that happens, renewable sources will become more competitive.
Most claims
about peak oil over the past 150 years were proven wrong despite the fact oil supply is finite.Despite some of Hubert's correct claims his assessment that 2000 would bring the peak was shown to be wrong.
In a world where internet «hits» invariably involve dumb stunts, cute kittens or scantily clad women (my second most popular post ever involved a young woman dancing in lingerie while talking
about peak oil), it can be hard for scientists or activists to make their voice heard.
And read on for more information
about peak oil and the Transition movement.
With oil prices down from where they were a year ago (though rising steadily in the past few weeks) and the constant stream of project announcements in the renewable energy sector still flowing in I'll forgive you if you haven't thought
about peak oil
Recent entries
about Peak Oil: Matt Simmons: Peak Oil Will Dwarf Financial Crunch Soon Portland Peak Oil Activists and Local Politicians Work Together The Greenest Village in Britain?
Richard talks first
about peak oil, a once popular theory about diminishing fossil fuel reserves which he believes will again soon rear its head, despite...
If you feel the need to educate yourself further in the subject read here
about peak oil
For more than a decade, a fierce debate
about peak oil has been raging between those who think a peak in global oil production is at hand and those who think the world is not close to running out of oil.
The author is correct that many who write
about peak oil «believe that technological optimism of any sort is a form of denial.»
Publication date: 2008-12-30 First published in: Science & Public Affairs Authors: K. Aleklett, M. Lynch Abstract: Do we need to worry
about Peak Oil?
An award - winning documentary film
about peak oil.
Hunter, Who cares about idiotically wrong predictions
about peak oil?
There is a lot of discussion
about Peak Oil facts and global oil production.
Theoildrum.com has grown far beyond just talking
about peak oil.
This is what the general public thinks of as «oil», and is the reason for panic
about peak oil.
The contrast between points a) and c) is the reason for so much confusion
about peak oil.
Though economists and other eternal optimists have not yet figured that the supply of crude oil is a limited resource, a growing number of petroleum geologists speak
about peak oil, a time when world oil production peaks, then starts downward, perhaps after sitting around a plateau for some unknown time period.
For years everyone including TreeHugger worried
about Peak Oil, where it was assumed that the cost of oil production would keep going up and up until nobody could afford it anymore.
Should this be the case, they could be deemed to be more of a threat to my grandchild than that represented by global warming denialists (many of whom are pro nuclear and concerned
about peak oil and population overshoot).
Then we talked
about peak oil and she immediately stated that she didn't believe in that.
The term peak in the context of resource use is not new as it was popularized in the discussion
about peak oil initiated in the mid-1970s.
Not exact matches
The acceptance of the notion that global
oil demand will
peak within a generation is mind - blowing given that, just a decade ago, the chatter in the energy world was
about a coming
peak in
oil supply.
Thiel's
peak -
oil thesis did well by Clarium until mid-2008, as the price of
oil soared from
about $ 40 a barrel in 2002 to nearly $ 140.
And unlike with the
oil industry, no «fracking» method has been invented yet to extract gold from hard - to - reach areas, though Barrick — the world's largest producer by output — has been experimenting with sensors at its Cortez project in Nevada.What Pierre is talking
about, of course, is the idea of «
peak gold.»
The alleged news
about the «Death of
Peak Oil» were grossly overestimated -
Peak Oil remains the reality of yesterday, today and tomorrow.
It's hard to believe that only a few years ago people worried
about «
peak oil.»
Ten years ago, the market was fretting, everyone was worried
about «
peak oil,» and now the focus is on
peak demand.
According to the Russian website Finanz, citing the International Energy Agency, the Russian
oil industry is
about to see its production
peak.
Having
peaked ahead of the Iraq war and fallen sharply following its commencement, the price of West Texas Intermediate crude
oil has since risen again, amidst uncertainty
about the resumption and continuity of Iraqi export supply.
If you haven't heard of «
peak oil» before, you'll be hearing a lot more
about it in the coming years, because it's here.
The real elephant in the room is «
Peak Cheap
Oil» and the fact that unconventional's
about to fall off a cliff.
But it does make you think that maybe our worry
about «
peak oil» and nuclear meltdowns is all just a phase.
These things are problematic to focus on, since they are deeply personal, yet on a societal level they make very little difference — meaning that they can alienate someone very quick, yet, even their perfect application (lifelong marriages between men and women only) would not cure our social ills — what
about wars, starvation, national debt, environmental decay, cheating banks, resource depletion,
peak oil etc. etc?
Yet, while president after president emphasised the importance of tackling the problem, US net
oil imports kept rising, until they
peaked in 2005 at
about 12.5 million barrels of
oil per day, 65 % of total US demand.
* Foreign Reserves have
peaked at $ 40b, the highest level in
about four years, and up from $ 24 billion just a year ago, even though when we came in, the price of
oil had crashed woefully.
MAUGERI REPLIES: It seems to me that the conventional view
about oil has become precisely the one proposed by Campbell and Laherrère: that the world is heading toward
peak production.
Many people are concerned
about the perils of
peak oil — running out of cheap
oil.
The public has indeed become more open - minded
about the risks of
peak oil, which vary from the dire (mass starvation and resource wars) to the blasé (markets bring forth new technologies that save the day).
«At its
peak in production, which occurred in 1970s, the U.S. produced
about 10 million [barrels of
oil] a day,» Kaufman says.
But the availability of fresh water has already reached crisis proportions in many parts of the world, and some experts warn we should be more worried
about «
peak freshwater» than «
peak oil.»
Peak blood concentrations of cannabinoids occur
about 3 - 8 minutes after you inhale, as opposed to 60 - 90 minutes after you eat a weed - or
oil - containing edible, with neural effects beginning after 20 minutes and maximizing within a range of 2 - 4 hours.
My
oil peaked through after
about 6 - 7 hours of wear.
It is vital in sustainability education to give space for learners to develop their own visions for a sustainable future whilst reminding participants
about the issues underpinning the need for change — climate change,
peak oil, global inequity and the financial cost of fossil fuels.
The petrol unit makes
about 82 bhp and develops 113 Nm of
peak torque, while the
oil burner makes 74 bhp and 190 Nm of
peak torque.
The petrol
oil burner churns
about 67bhp of maximum power and
peak torque of 90Nm.
Rick Rule joins Porter to talk
about the secrets to investing,
peak oil and the current investment climate.
2050 takes us
about 40 years beyond
Peak Oil.
What I find ironic is that it is his can - do optimism that is in this case working against our ability to do something
about our dependence on fossil fuels and the climate change that this dependence is resulting in, that is, switching to alternate energy, preserving modern civilization and the world economy beyond
Peak Oil and
Peak Coal, preventing climate change from becoming such a huge problem that it destroys that the world economy — and more than likely leads to a series of highly destructive wars over limited resources.
I don't think anyone is seriously claiming that we're
about to «run out» — rather, the claim made by the
Peak Oil theorists is that we're at or near peak product
Peak Oil theorists is that we're at or near
peak product
peak production.