Anyone remember "peak oil" few years back

I don't think anyone really cares if their car is running on gas made from Crude or Shale. They just care about price, so the distinction between peak crude oil and peal oil is a moot point IMO.

Either way, I tend to think many that subscribed to peak oil had decided that it was just a matter of time before peak oil caused a mad max style SHTF scenario, which is very unlikely because of technological advances in efficiency and exploration (shale) which should buy us enough time to find alternative forms of energy.
 
loyek590 said:
i

if you burn more than the earth can produce you have peaked
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Not really, because the prediction was about production, not reserves. You peaked when there are no more bigger VOLUME produced, period.

Fun fact: Historically, the discovery of reserves peak about 30 years before the peak of production.
 
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achilles28 said:
Still confused how consumption can exceed production by 15 million barrels per day YOY?
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Because my chart only showed crude production, but when we talk about oil generally speaking, they include other oil based energy types, like shale, oil sand, condensates and such, and those make up the difference.

Here is the OPEC crude production chart for the last 10 years. As you can see they peaked in 2008, and they only came close to that number once and even pumping last year like crazy, they are still 3% below it:

OPEC-12.png
 
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clacy said:
They just care about price, so the distinction between peak crude oil and peal oil is a moot point IMO.
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Yes and no. The distinction is important because it makes peak crude oil a fact and a prediction that was correct and has came to pass already. (obviously every non-replenishable product will peak at one point or other) It is like being in a bar and the bartender saying: "Hey, we have ran out of beer, but we still have wine and hard liqour, they are still alcohol, so why don't you just drink those and get drunk?"

Just to blow your mind guys, even products that are replenishable (plant or animals) can peak production-wise, if the rate of usage is bigger than the rate of replenishment. That's how the dodo went extinct and the American Buffalo almost....

Rate of killing>rate of breeding,growing= EXTINCTION

Pretty simple really....

One more fun fact: The number of whales used for their whale oil were already in decline ( aka peaked) when Colonel Drake discovered oil in Pennsylvania.

The more you know.....
 
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Oh and just to give everyone a headache, let's talk about coal. (because peak everything deniers bring up other energy types like gas and coal) And it is raining outside and I have the time.

Coal production by energy content (that is volume multiplied by energy per units) has peaked in the USA in 1998. There are 3 types of coal by its energy content, (simplifying it, high, medium and low) and people mining coal went for the high energy type first.(wouldn't you too?)

So, although the US is producing more and more coal by VOLUME today (well, up to 2008), but not by mass energy content. In plain English, in the US the produced coal's mass energy content is LESS than it was back in the 90s....

http://en.wikipedia.org/wiki/Coal_mining_in_the_United_States#Energy_value_of_coal

"Although the mined coal in terms of tonnage hit a peak in 2008, the energy value of mined US coal hit its all-time peak a decade earlier, in 1998, at 26.2 quadrillion BTU. The energy value of US coal mined in 2011 was 24.0 quadrillion BTU, 9 percent lower than the peak."

Sorry for the headache, but I warned you....
 
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NoBias said:
I tell ya, this site needs an LOL button

"slightly misinformed" that is putting it delicately
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there is a lot of bullshit in this forum, unfortunately. say it is a collateral damage of freedom of speech.
 
Pekelo said:
Oh and just to give everyone a headache, let's talk about coal. (because peak everything deniers bring up other energy types like gas and coal) And it is raining outside and I have the time.

Coal production by energy content (that is volume multiplied by energy per units) has peaked in the USA in 1998. There are 3 types of coal by its energy content, (simplifying it, high, medium and low) and people mining coal went for the high energy type first.(wouldn't you too?)

So, although the US is producing more and more coal by VOLUME today (well, up to 2008), but not by mass energy content. In plain English, in the US the produced coal's mass energy content is LESS than it was back in the 90s....

http://en.wikipedia.org/wiki/Coal_mining_in_the_United_States#Energy_value_of_coal

"Although the mined coal in terms of tonnage hit a peak in 2008, the energy value of mined US coal hit its all-time peak a decade earlier, in 1998, at 26.2 quadrillion BTU. The energy value of US coal mined in 2011 was 24.0 quadrillion BTU, 9 percent lower than the peak."

Sorry for the headache, but I warned you....
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very good article, excellent contents since the new year !
 
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