Now we know what to do
when Peak Oil hits: Take apart our cars and entertain each other.
Predicting exactly
when peak oil will hit is somewhat like reading tea leaves — transparency in reserve data is so lacking that opacity is a better descriptor and the current economic downturn doesn't help — But one
Seriously though - Im not trying to argue (here)
when Peak Oil is, though I've written extensively about it as have others here.
If and
when peak oil and peak gas are in sight, this may stimulate the biofuel market, which currently is not well motivated given today's plentiful supplies of oil and gas.
When Peak Oil really kicks in these will be the type of people who'll have adapted best to their new circumstances.
Not exact matches
When the
oil - demand
peak came, Shell believed, petroleum prices might begin a slow slide, dipping too low to cover the costs of
oil - sands production.
A survey conducted recently by COMPAS Inc. found a majority of Canadian CEOs polled subscribe to
peak -
oil theory — the idea that the planet is running out of easily accessible and economical
oil — but believe it is difficult to predict
when peak production will occur.
Only 10 years later,
when oil went to $ 147 / barrel the «experts» said
oil will stay high or go even higher because we passed
peak oil.
That is the lowest for both in at least a decade and down from $ 3.9 billion for metals and $ 5.6 billion for
oil in 2008
when the commodity supercycle
peaked.
Crude -
oil prices have dropped considerably since their
peak in 2008,
when prices briefly touched $ 147 a barrel.
The Conference Board report also predicts direct employment at
oil producers «will expand by just 2,150 net new positions» over the next four years,
when it will reach «66,470 jobs, which is still below the 2015
peak» of 72,600 jobs.
Thanks mainly to rising
oil prices, it kept going up well into the summer,
when it
peaked at 5.5 percent.
Takeaway: recent
oil crash creates a long - term income opportunity for brave investors While it can be hard to buy equities in whatever industry is Wall Street's latest whipping boy, this is precisely the time,
when pessimism and uncertainty are near their
peak, that the best long - term investments are made.
It is likely these projects will be built, and with them there will be a 13 per cent surplus of export pipeline capacity, without the Trans Mountain project,
when western Canadian
oil production
peaks in the 2025 timeframe.
It seems like great news to me in an anxious age,
when we live in fear of economic collapse or terrorist attack, and are just waiting for the housing bubble to pop or for
oil production to
peak.
He added that the country was in a terrible shape
when the administration came into power in 2015, with
oil prices falling to as low as 37 dollars per barrel, from
peak periods of over 100 dollars in previous years.
* 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.
Among the greatest concerns is that compounds in
oil called polycyclic aromatic hydrocarbons (PAHs) could have long - term sublethal effects on marine organisms that were at the
peak of their spawning season
when the spill began.
A great choice for the summer
when oily skin is at its
peak, this product is a favorite of many in terms of efficiency to absorb
oil and keep your skin looking fresh all day.
Some of those now selling
oil stocks were among the people buying on July 3, 2008 —
when the spot price of West Texas Intermediate
peaked at $ 145.31.
There are many factors to consider
when trading
oil, including theories on
peak production, where available
oil reaches a
peak level, flattens out, then begins a decline.
My point is things go to the complete unexpected... Remember
Peak oil that did not peak... or gold going to 5,000... When trend following do not have an opin
Peak oil that did not
peak... or gold going to 5,000... When trend following do not have an opin
peak... or gold going to 5,000...
When trend following do not have an opinion.
When you're ready to loop back and think more about the carbon bubble in particular, see From «peak oil» to «unburnable carbon», which I wrote last year when Carbon Tracker's Carbon Bubble report was relea
When you're ready to loop back and think more about the carbon bubble in particular, see From «
peak oil» to «unburnable carbon», which I wrote last year
when Carbon Tracker's Carbon Bubble report was relea
when Carbon Tracker's Carbon Bubble report was released.
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.
Ask an average American
when U.S.
oil production might reach a
peak, then check out the surprised look
when you tell him / her that it
peaked in 1970.
When will world
oil production
peak?
Peaking oil and natural gas extraction is going to accelerate global warming
when many desperate people use wood and coal for heating and cooking.
When I read Dot Earth, I get irritated by those who deny the realities of global warming or
peak oil or overpopulation; who are unwilling to change in thinking or in attitude or in lifestyle.
Doesn't matter how big global estimated potential
oil reserves are in total:
when an
oil company has diminishing access to state - controlled fossil fuels it may be experiencing its own
peak - as a corporation.
Tony's arguements and Ed's figures are very persuasive, and the «
peak oil / running out of stuff» scare doesn't really wash in the short to medium term
when market forces drive discovery and production to meet demand.
When the full force of
Peak Oil hits, those who have thrown out Jevon's Paradox as a reason not to conserve will finally understand the foolishness of such reasoning.
The theory was confirmed empirically
when Hubbert correctly predicted that U.S.
oil production would
peak in 1970, and decline each year thereafter.
Andre, F. J. and S. Smulders (2014): «Fueling growth
when oil peaks: Directed technological change and the limits to efficiency,» European Economic Review, 69, 18 - 39.
Maybe we'll hit
peak oil and / or
peak gas at some point in the future, but our past attempts at estimating
when have been dismal failures.
There is speculation that this rate will slow based on extrapolation of population,
peak oil and gas, etc., and that may well be, but it is interesting nonetheless to calculate
when the mass of Earth's atmosphere will equal that of Venus if it doesn't.
Perhaps an even more more significant question than «
when will
oil peak?»
When we look at the issues relating to
peak oil, energy security, terrorism, and the economy, you have the support of many more people, perhaps 3/4 of the electorate.
But
when the worldwide
peaks in both
oil and gas production are recognised, who is to say whether deep - mined UK coal production will become again «economical ``.
Or you could simply provide a graph of total
oil production by year and show us when «Peak Oil» occurr
oil production by year and show us
when «
Peak Oil» occurr
Oil» occurred.
But all I asked was «
when is your prediction for
Peak Oil».
Peak oil (a time
when oil supplies have
peaked and are in decline) necessitates the development of alternatives, and biofuels will be a key element in diversifying the American energy sources.
Those vehicles in the $ 100 - 300 range would also be exported to Europe and North America
when there was a
peak oil crunch.
Comments on the previous Climate Etc post on Maggio and Cacciola's paper,
When will
oil, natural gas, and coal
peak?
And speaking of quantitative reasoning, it is extremely hypocritical for people like you to accuse me of not providing such
when, as I said, their thinking is entirely based on faith, not on any numbers, and
when the people who study thing like
Peak Oil are the ones with the numbers.
Community matters
when we are looking for responses to
peak oil and climate change because of the power that emerges from working together and creating meaningful change through shared action.
This rise — as large as the CO2 rise from the depths of a glacial to the
peak of an interglacial — rapidly brought CO2 concentrations to a level never seen in at least the past 800,000 years, and it happened at exactly the time
when humans started burning coal and
oil.
HF also demolishes the «
peak oil and gas» mantra that we are rapidly running out of hydrocarbon energy, which further demonstrates that geologist Wallace Pratt was right when he said «Oil is first found in the minds of men.&raq
oil and gas» mantra that we are rapidly running out of hydrocarbon energy, which further demonstrates that geologist Wallace Pratt was right
when he said «
Oil is first found in the minds of men.&raq
Oil is first found in the minds of men.»
Was there a
peak oil moment
when the whaling days were drying up?
When the «official»
Peak Oil finally hits, millions of people will be indignant at first.
When I posted the trailer for In Transition — the documentary about the Transition Towns movement as a response to
peak oil and climate change — commenter CB was less than enamored with the film making style.