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The Peak Oil Conspiracy

Anders Lindman

Penultimate Amazing
Anders Lindman
Joined
Sep 17, 2010
Messages
13,833
Hypothesis: The trillions of dollar/euro etc banking bailouts have been used as massive secret subsidies to the oil industry because of global peak oil having been reached already in around the year 2004:

"The growth in conventional oil production ended in 2004, and we've been on a bumpy plateau ever since." -- http://www.washingtonpost.com/blogs...oil-isnt-dead-an-interview-with-chris-nelder/

"Peak oil, according to M. King Hubbert's Hubbert peak theory, is the point in time when the maximum rate of petroleum extraction is reached, after which the rate of production is expected to enter terminal decline.[1]" -- http://en.wikipedia.org/wiki/Peak_oil
 
MRC_Hans said:
No.

Peak oil is a faulty theory.

Hans
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You apparently missed the quote in the OP. Global production of conventional oil reached a plateau in around 2004. Sure, other sources of oil have been developed such as oil extraction from tar sands and hydro fracking, and that's precisely where the trillions of dollars of bailout money has gone.
 
I want to hasten to add that if there is such a peak oil conspiracy, it can be a necessary one. Having the price of oil going north of $300 a barrel could put society in danger.
 
Anders Lindman said:
You apparently missed the quote in the OP. Global production of conventional oil reached a plateau in around 2004. Sure, other sources of oil have been developed such as oil extraction from tar sands and hydro fracking, and that's precisely where the trillions of dollars of bailout money has gone.
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776px-World_Oil_Production_1980-2012.png


I don't see a plateau.
 
There was never more than $2.4T on the Fed's balance sheet at any given time. The short term discount window for emergency loans was exactly that, short term. All of which was paid back, at interest. Anders is an intellectually damaged buffoon.
 
Sceptic-PK said:
There was never more than $2.4T on the Fed's balance sheet at any given time. The short term discount window for emergency loans was exactly that, short term. All of which was paid back, at interest. Anders is an intellectually damaged buffoon.
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The correct term is troll 3rd class with buffoon banner attached
 
MRC_Hans said:
No.

Peak oil is a faulty theory.
Click to expand...

Any peak oil theory that dares to set a firm date on the peak is very likely to be faulty. That there will be a peak is an inescapable truth, it's just that we'll recognise it retrospectively.

eta: let me hedge that comment slightly - as long as we extract oil faster than it's being formed then peak oil is a certainty.
 
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Sceptic-PK said:
There was never more than $2.4T on the Fed's balance sheet at any given time. The short term discount window for emergency loans was exactly that, short term. All of which was paid back, at interest. Anders is an intellectually damaged buffoon.
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You have any source for that claim?
 
Anders Lindman said:
You apparently missed the quote in the OP. Global production of conventional oil reached a plateau in around 2004. Sure, other sources of oil have been developed such as oil extraction from tar sands and hydro fracking, and that's precisely where the trillions of dollars of bailout money has gone.
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That is exactly the reason peak oil is a faulty theory. It assumes that factors of oil production and oil consumption are inelastic, and it ignores other energy sources.

Hans
 
GlennB said:
Any peak oil theory that dares to set a firm date on the peak is very likely to be faulty. That there will be a peak is an inescapable truth, it's just that we'll recognise it retrospectively.

eta: let me hedge that comment slightly - as long as we extract oil faster than it's being formed then peak oil is a certainty.
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Of course there will be a peak oil, but that is not the point of that theory. The claim is that chaos will ensue once that is reached.

Hans
 
Also there are viable alternatives and we do have time to fully develop them.
 
Dcdrac said:
Also there are viable alternatives and we do have time to fully develop them.
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MRC_Hans said:
Of course there will be a peak oil, but that is not the point of that theory. The claim is that chaos will ensue once that is reached.
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Ah, fair enough. But if it depends on humankind taking a coordinated, rational and measured approach to the depletion of oil and gas reserves then I'm not full of hope. The latency period between developing theoretical commercial alternatives and actually applying them on a global scale is considerable.

That some major nations are stalling on, or even plain rejecting, nuke power worries me.
 
GlennB said:
Ah, fair enough. But if it depends on humankind taking a coordinated, rational and measured approach to the depletion of oil and gas reserves then I'm not full of hope. The latency period between developing theoretical commercial alternatives and actually applying them on a global scale is considerable.
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Well, it seems to me to be going ... forward. Wind and solar energy are booming. Energy conservation is not going half bad.

Don't get me wrong: There is a loooong way to go yet.

That some major nations are stalling on, or even plain rejecting, nuke power worries me.
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I really doubt that fission power is much of a solution, in the long run.

Hans
 
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