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Peak Oil

Kennah

(14,465 posts)

2. I think Peak Oil does not always message well

Reply to Boston_Chemist (Original post)

Sun Dec 25, 2011, 05:30 PM

Dec 2011

When a friend of mine passed along a Peak Oil reference, I initially derided it. Being always curious I investigated and discovered a very simple, plain truth about Peak Oil.

Peak Oil is simply the point at which the maximum rate of production is reached and market demand exceeds that rate of production. When it will happen, unless it has already happened, can certainly be debated and discussed; however, the concept is undeniable if one grasps even the basic economic principles of supply and demand.

Now, there are loons who say the Earth is only 6-10K years old and Gawd is immaculately conceiving new coal and oil in the ground all the time, but aside from them it's difficult to deny it will eventually happen, if it hasn't already.

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Highlight:

I recall a time when the topic of "Peak Oil" was derided as crankery. [View all] Boston_Chemist Dec 2011 OP

Most are still in denial 4dsc Dec 2011 #1

I think Peak Oil does not always message well Kennah Dec 2011 #2

Oil reserves are a state secret in many (if not all) OPEC countries. Boston_Chemist Dec 2011 #3

Denial comes on many forms 4dsc Dec 2011 #4

Mathematically... guthenson Jan 2012 #5

Solar and wind are not a substitute for oil 4dsc Jan 2012 #6