algae baby, that's where it is at. After you clear out all AGW, BP is taking algae seriously.
Why exactly did oil prices tank in 2015-2016?
- Thread starter nxt7
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thank you Father for correcting me, and what is your definition of peak oil? I also believe we are at peak Gold and Copper and probably even Iron in that we use it faster than the earth can create it.
Just curious, how come we don't build buildings out of old growth timber anymore?
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I think we are in agreement here, peak X (crude, gold, dodo birds) production means the highest number of units produced what will not be surpassed, ever. In the case of crude oil it happened in 2008, I have tried to find a chart, but they keep mixing in all kind of oil, so it is not so obvious for the Average Joe.
And you are also right that even replenishable products like the dodo bird, or timber can reach a peak production number as long as the rate of replacement is slower than the rate of usage. When they discovered oil in Pennsylvania that was the time when whales were peaking and they almost went extinct because of over whaling...
One more note, different geographical areas have different peaks. Crude oil peaked in the USA back in the 70s, even coal peaked in the 90s, in absolute numbers. (that is a whole new bag of worms)
So I think we generally agree, every non-replenishable product's production peaks sooner or later.
so perhaps the 21st century will be when humans stopped depleting and started creating energy. The good thing is we have plenty of oil to get us by until we can create a better energy. I don't know that much about it, but I hear there is some rare earth material needed to produce solar panels which is not infinite. I think we all realize digging down into the earth to find what we need is probably getting a little old.
are we keeping score based on currencies which change value every day, every minute and every second? Or something stable we all agree on? The most stable thing I can think of is a barrel of Crude. It never changes. It's always the same and has been for many many years. Now a U.S. Dollar? Oh that, you never know what it is going to be worth a minute or a day or a week from now.
Sure it did, look up the definition of tight oil. I was talking about CRUDE. Nowadays they even include liquified natural gas in these charts. And shale, and oil sands, and fracking and so on...
I couldn't find a more recent chart that only shows CRUDE, but if you do, just post away:
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You are wrong again...
Sure it does. The more you have, the less valuable it is, thus if we were measuring things in crude barrels, if we produce more of it, that leads to inflation, just like printing more geen backs.
Nobody finished high school in this thread?
Sure it does. The more you have, the less valuable it is, thus if we were measuring things in crude barrels, if we produce more of it, that leads to inflation, just like printing more geen backs.
Nobody finished high school in this thread?