We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Evidence For Peak Oil ?
Options
Comments
-
Nylontokyo wrote: »I know for a fact that they have found oil off Wales not far out but much deeper than the N,sea.
Of course they want us to think there is going to be shortages.
The truth is there is no shortages, for many decades.
That doesnt mean we wont see $100 barrel though, I think it will be the green back going down rather than oil going up.
I think the peak oil people say that while we won't run out of oil for some time, after the peak the price of oil rapidly soars as (a) it becomes much harder to extract new oil and (b) you are unable to fill the increase in demand for energy that continuous growth at 3% a year requires.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Maybe it is just finally beginning to dawn on some people, after years of rigorous and efficient arenocapitalism (if you can't find it in the dictionary, that's because I've just made it up based on 'capital' = head + 'arena' = sand) that fossil fuels are ever so slightly non-renewable...0
-
I am quite sure I was taught at school in about 1984 (funnily enough) that oil would run out by 2012 or there abouts.....
Please feel free to correct my knowledge of geography as taught in the 80's....Not Again0 -
I think the peak oil people say that while we won't run out of oil for some time, after the peak the price of oil rapidly soars as (a) it becomes much harder to extract new oil and (b) you are unable to fill the increase in demand for energy that continuous growth at 3% a year requires.
exactly
This is the point about the peak oil argument that many people don't get.
Peak oil is not about how much is left.
It is about the fact that we have passed the point of optimum extraction of a finite resource."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
I think the peak oil people say that while we won't run out of oil for some time, after the peak the price of oil rapidly soars as (a) it becomes much harder to extract new oil and (b) you are unable to fill the increase in demand for energy that continuous growth at 3% a year requires.
Bingo.
FWIW, we will never physically run out of oil, but when EROEI passes 1:1, the game will be over.0 -
1984ReturnsForReal wrote: »I am quite sure I was taught at school in about 1984 (funnily enough) that oil would run out by 2012 or there abouts.....
Please feel free to correct my knowledge of geography as taught in the 80's....
See posts #12, 13, 15, 16"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
Bingo.
FWIW, we will never physically run out of oil, but when EROEI passes 1:1, the game will be over.
The point about this nobody has mentioned, as oil increases in price other otions become price competitive e.g. nuclear, solar, wind, biofuels and as of yet other unknown unkowns. This should lead to more sustitution and a stretching out of the oil reserves eventually leading to the alternatives taking over.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
-
1984ReturnsForReal wrote: »I am quite sure I was taught at school in about 1984 (funnily enough) that oil would run out by 2012 or there abouts.....
Please feel free to correct my knowledge of geography as taught in the 80's....
The told me the 90's
I wonder how many people didn't look at the oil industry as a career because they thought the oil was going to run out soon 
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards