NYTimes mis-information on Peak Oil
The NYTimes carried an Op-Ed column, contributed to by an Oil Consultant, that poorly attempted to "debunk" the myths of peak oil by making use of nothing but mockery. Of course, there is an ongoing open thread on discussing this very article and in the usual TOD style, the comments speak for themselves!
I was reminded of how the "Intelligent Design ( Read more... )
I was reminded of how the "Intelligent Design ( Read more... )
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That page is funny - it claims
"In fact, many believe that we have oil in sufficient quantities for some time to come."
... and quotes "The Long Emergency" out of context. Its just like the Intelligent Design folks who keep saying "Evolution built things in random" and keep quoting out of context. Whoever says Peak Oil is the end of oil is clueless about the very simple phenomenon of a finite resource's extraction, depletion profile. Peak oil only means the end of Cheap Oil but that means a lot in an Economy and Way of life which is ultimately driven by profits. Its the beginning of the end of an economy that Must Grow At All Costs. It means, if one economy has to grow, the economy needs more liquid fuels to power it due to the way things are done today (JIT economics, heavy use of transportation and loss of local industries in many places in preference of a more reactive, yet oil shock prone, centralised system of manufacturing). So that means, if one economy has to do well, with only lesser oil in a given year, atleast ( ... )
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1. Abiogenetic Oil, that this site so adorns to debunk peak oil, is a Hypothesis. In contrast to the well established Biological origin theory of petroleum origins. The ones who believe in it are like the Geneticists who believe in "Intelligent Design".
2. Conventional oil sources discovery peaked a long time ago and the production is outstripping the discovery, much like how the consumption outstripped production to cause a $147 / bbl price.
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