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Report Blasts "Peak Oil" Theory
Rei writes "Today, the Cambridge Energy Research Associates released a report dismissing the Peak Oil theory, suggesting that world oil production will continue to increase for the next 24 years, and then only level into a plateau. The report, which suggests that world reserves are enough to last 122 years at our current rate of consumption, also blasts Peak Oil theorists for repeatedly making unscientific predictions and then shifting them whenever their predictions fail to materialize."
Except that the conventional reserves are known to be near dry in many places already, thus rendering this prediction highly suspect.
Except that this is insufficient, of course, since the point of "peak oil" predictions is not just the mismatch between supply and demand but the overall cost to the consumers of the oil products. Tar sands and what not are all orders of magnitude more expensive processes and thus must result in a permanent increase in cost of oil, in addition to the fact that the consumption is already rising exponentially in places like China.
All of the "predictions" of this report are exceedingly conservative from the point of view of demand and exceedingly optimistic from the point of view of supply.
They have an entire website [willyoujoinus.com] dedicated to the problem of peak oil.
Peak Oil is a simple FACT. It's not a question of IF, it's merely a matter of WHEN and HOW.
Spoken like a true cultist! "willyoujoinus.com"? Sounds a bit like the Movementarians, doesn't it?
I don't make the rules. I just make fun of them.
I would really be interested in the release of Cheney's Energy Task Force report. It was funded in the months leading up to the Iraq war and the results have never been released (which is illegal because it was funded with taxpayer money).
You're nothing; like me.
Sweet Jesus, does this guy get news from anywhere that doesn't somehow involve the word "Fox?" I've never seen anyone so thoroughly misinformed about practically everything, and so unable to engage in critical thinking or debate. It's kind of impressive, actually. I wonder if this is what happens when people grow up listening to right-wing talk-radio. I thought about that the first time I heard Limbaugh in the early 90s... 15 years later, you get people walking around who've had that sort of nonsensical bombast drilled into their head from an early age, like Catholicism. It's gotta screw a person up.
The way I see it if I die in 30 years or 3 months, I am still going to die.
The difference of when we run out is important, don't try and minimise ut.