tag:blogger.com,1999:blog-5235419263414453422.post6133000501471442645..comments2024-02-23T01:30:06.101-08:00Comments on Early Warning: Krugman: Peak Oil has ArrivedStuart Stanifordhttp://www.blogger.com/profile/07182839827506265860noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5235419263414453422.post-48023363600157489862010-12-30T02:41:26.581-08:002010-12-30T02:41:26.581-08:00Will NOT bring an end to economic growth... hmm, t...Will NOT bring an end to economic growth... hmm, that is based on what assumption? Since when is economic growth based NOT in increased energy consumption?<br /><br />Gradually change the way we live? Oh, really? Since when exponencial decrease in oil availability and extreme price volatility a matter of *gradual* adaptation?<br /><br />But I agree with Krugman, there is no point of panicking in sinking Titanic...<br /><br />word verification - sproblem - :-)Alexander Achttps://www.blogger.com/profile/16845172528191878930noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-58125461296453888662010-12-27T23:00:29.159-08:002010-12-27T23:00:29.159-08:00That's not what I'm talking about at all. ...That's not what I'm talking about at all. These are projects entered in the database as supply additions, consumption is another issue entirely. For 2009-2011 the surplus after factoring in decline is 1289/1194.83/2635.28 kb/d. These numbers are substantially higher than what I got from the Wiki just a year ago; even 2009 seems to have been revised upward 662 kb/d. As I point out at my blog Skrebowski suggested a higher supply build in his own analysis, perhaps the Wiki people have caught up with his findings.KLRhttps://www.blogger.com/profile/00691172491186270514noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-9694654998481214202010-12-27T16:38:33.868-08:002010-12-27T16:38:33.868-08:00"I notice that, according to the Wiki Megapro..."I notice that, according to the Wiki Megaprojects pages, we should be shortly Drowning in Oil again." -- KLR<br /><br />Oil seems to "peak" during severe economic downturns. Even Krugman's remark suggests that if profits were better, oil needn't have peaked.<br /><br />Ancient Roman road-building no doubt "peaked" at some point during the Decline...<br /><br />ArtThe Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-60248341193001008512010-12-27T15:11:34.283-08:002010-12-27T15:11:34.283-08:00Wow. Just wow. That'll count for some props,...Wow. Just wow. That'll count for some props, whatever you think of the Krug. Peak oil is "garbage," and it has arrived. <br /><br />Incidentally I've wildcatted my own blog, <a href="http://hydrocarbonwatch.blogspot.com/" rel="nofollow">Hydrocarbon Watch</a>. More a glorified form of note taking than anything substantial. I notice that, according to the Wiki Megaprojects pages, we should be shortly Drowning in Oil again. Yayyyyy!<br /><br />Also new Iraqi oil minister says they're at a 20 year production high, attaining levels not reached since Nov 2001 according to EIA data. Shut up, you.KLRhttps://www.blogger.com/profile/00691172491186270514noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-89467454424913531302010-12-27T13:58:40.028-08:002010-12-27T13:58:40.028-08:00EIA have for long been the über-optimists, second ...EIA have for long been the über-optimists, second only to CERA who are bought and paid for by the oil industry and whose job it is to prevent rocking of the boat that might affect the oil major's share prices.<br /><br />You only have to look at the increasingly pessimistic views in the EIA World Energy Outlook published over the last two or three years to see the change in their stance.<br /><br />For a more realistic view read what the US military have reported and also the leaked review from the Bundeswehr (German military).<br /><br />Oil from shale is a chimera - in 60 years no company has been able to make a profit from it. To some extent shale gas is too. High cost, high tech, high environmental impact and gas wells that produce for about eighteenh months then abruptly die.<br /><br />I'll leave it with you.tubaplayerhttps://www.blogger.com/profile/04576376998747093575noreply@blogger.comtag:blogger.com,1999:blog-5235419263414453422.post-21906670089452223522010-12-27T11:29:09.415-08:002010-12-27T11:29:09.415-08:00Stuart,
EIA have made an Early Release Overview o...Stuart,<br /><br />EIA have made an Early Release Overview of their Annual Energy Outlook 2011. As I read it, EIA do not foresee any major problems with the US energy supply or energy prices up to 2035. To a major extent this is due to domestic production of shale gas and oil, which also means less import. Are they in your opinion reasonably correct or totally wrong?<br /><br />http://www.eia.gov/forecasts/aeo/pdf/0383er%282011%29.pdfLars-Eric Bjerkehttps://www.blogger.com/profile/12632949799117185675noreply@blogger.com