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Old Today, 08:05 AM
 
Location: NC
7,220 posts, read 5,060,419 times
Reputation: 7975

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Quote:
Originally Posted by homelessinseattle View Post
They moved the goal posts.
If, by "they", you mean "the oil industry", then you are 100% correct.

And before anyone gets all upset and hurt, I am saying that as a good thing, and a great accomplishment for the Oil Industry.


The answer is that Peak Oil was based on the technology of the day, and it was thought that the available oil would become increasingly unattainable at economically beneficial costs. The oil industry (this happened mostly under Obama, BTW. he does not get credit, the oil industry does, but that's when it happened) has continued to show world-class, American Enginuity. The cost to produce a barrel of oil continues to decline, which makes oil that was not economically viable now more viable.

Add to that, there have been new discoveries.


At the end of the day though, we MUST know that oil is a finite resource. The earth is only so big, and only so much of it will contain oil. Whether we have 10 years, 50 years or 150 years, some day we will run out. (Not actually run out, but it will become so scarce that it's not affordable).

The concept of Peak oil is still important to keep in mind. We've been given the gift of another few decades (or more), we should use that time to develop the next technology to use when oil finally runs out. It takes millions of years to "make it", and we burn it on the daily. Sooner or later those lines on the graph will intersect, we have plenty of time now, so no excuse not to be ready.
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Old Today, 08:06 AM
 
19,803 posts, read 12,450,501 times
Reputation: 10958
Quote:
Originally Posted by TheGoodTheBadTheUgly View Post
the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even Homer Simpson mentioned it in an episode about doomsday preppers. Now, the topic is largely forgotten. So what happened libs?....


Attachment 214038


You are not supposed to remember all the left's failed predictions.


That is why they revise history (like in "1984") so that they are never wrong, despite actually being wrong 100% of the time.


Remember as well when Obama said that expanding US oil exploration would not reduce gas prices? Well........... again....... they were wrong.
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Old Today, 08:08 AM
 
23,887 posts, read 12,576,751 times
Reputation: 7635
[quote=TheGoodTheBadTheUgly;56025704]the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even Homer Simpson mentioned it in an episode about doomsday preppers. Now, the topic is largely forgotten. So what happened libs?....


Attachment 214038[/Q

Really -- the Simpsons? WHAT?

LOL - this is funny.
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Old Today, 08:09 AM
 
Location: New Jersey
11,298 posts, read 6,603,490 times
Reputation: 10876
The peak oil scare tactic has been around for decades. Every few years they revive it and try to get people to buy gold.
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Old Today, 08:18 AM
 
5,724 posts, read 2,108,348 times
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Quote:
Originally Posted by craigiri View Post
3. Fracking and higher prices and oil sands and other such things have supplemented the supply. Hubbert referred mostly to the "easy oil" which was selling for prices of $1 to $5 a barrel due to low extraction prices.

5. Modern US Oil wells produce (each) a tiny fraction of what the old finds did. This is why they are often shut down when oil prices go up...the cost of production can be as high as $40 or more per bbl.

These two points seem to argue "for" the peak oil hypothesis... that the US has depleted all of the easy oil and gas, and the boom in supply we have now is from fracking, which is basically scraping the bottom of the barrel for one-time scraps.


I agree with you on point 6, part of the reason the US can export oil and gas is because solar and wind generation has reduced domestic demand for fossil fuels. Every Tesla and Leaf sold represents a drop in demand for gasoline (which is offset by a partial increase in demand for natural gas to charge the batteries).
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Old Today, 08:32 AM
 
Location: Seattle
1,304 posts, read 275,340 times
Reputation: 1336
Quote:
Originally Posted by TheGoodTheBadTheUgly View Post
the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even Homer Simpson mentioned it in an episode about doomsday preppers. Now, the topic is largely forgotten. So what happened libs?....
Hydraulic fracturing technology. Extracting oil in the future will require more expensive technologies allowing access to unconventional sources. Conventional oil extraction peaked in 2006, per the peak oil hypothesis.
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Old Today, 09:03 AM
 
5,069 posts, read 2,047,369 times
Reputation: 2291
Quote:
Originally Posted by craigiri View Post
1. I am to the left and was in "energy" for most of my career and never believed a word of it.

2. The Peak Oil thing came from one of the top geniuses of Oil Economics, not from some lefty somewhere. He worked at SHELL in TEXAS....not a "liberal"
https://en.wikipedia.org/wiki/M._King_Hubbert

3. Fracking and higher prices and oil sands and other such things have supplemented the supply. Hubbert referred mostly to the "easy oil" which was selling for prices of $1 to $5 a barrel due to low extraction prices.

4. I personally bet some of those "peak oil" crazies....and won the bets.

5. Modern US Oil wells produce (each) a tiny fraction of what the old finds did. This is why they are often shut down when oil prices go up...the cost of production can be as high as $40 or more per bbl.

6. Because of "lefty" efficiency and MPG and other moves, a consumer today can drive as far or further on the same oil (and create less pollution)....

Glad to educate you!
By "peak oil crazies", can I assume you mean the leftists who took Hubbert's work and turned it into exaggerated "crisis porn"?
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Old Today, 09:05 AM
 
30,243 posts, read 16,676,430 times
Reputation: 14035
Quote:
Originally Posted by rjshae View Post
Hydraulic fracturing technology. Extracting oil in the future will require more expensive technologies allowing access to unconventional sources. Conventional oil extraction peaked in 2006, per the peak oil hypothesis.
Okay, so now what?
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Old Today, 09:10 AM
 
16,364 posts, read 4,308,715 times
Reputation: 11506
Quote:
Originally Posted by Ultor View Post
By "peak oil crazies", can I assume you mean the leftists who took Hubbert's work and turned it into exaggerated "crisis porn"?
Actually, there were many on the right, center and left who bought this...

Preppers are generally not lefties and neither are survivalists....both of whom often referenced Peak Oil.

I'd put the "crazies" I refer to in the same category of many on CD...that is, they don't "know things" and therefore tend to believe whatever they read (and they read strange stuff).....

A bit of conspiracy involved.......

However, none of this means excessive fossil fuel use is not a major problem. I tend to look at the longer curve of history and see the increased MPG, the rise of EVs and PV arrays and many others things as flattening out the demand curve...

My argument against preppers, survivalists and peak oil folks has a very simple base to it. I told them, in words close to these that "if you think Boeing is developing new airliners that will take 10 years to come to production...and then be in use for 30 years....with ANY percentage chance of them not having fuel, I have some swampland (polluted too) in Florida to sell you".

Using basic Reason and Logic is out of style these days.
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Old Today, 01:19 PM
 
37,872 posts, read 16,386,576 times
Reputation: 8582
Quote:
Originally Posted by TheGoodTheBadTheUgly View Post
the media was filled with stories about peak oil, numerous books were published on the subject (such as Half Gone and $20 a Gallon!), and even Homer Simpson mentioned it in an episode about doomsday preppers. Now, the topic is largely forgotten. So what happened libs?....


Attachment 214038
"What Ever Happened To The Lefts Prediction Of Peak Oil"

Same as MOST or their predictions, did NOT come true!
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