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Peak Oil Matters

A fresh perspective on the concept of peak oil and the challenges we face

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Tag: oil production

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Remember, peaking in production, by definition, means that you have plenty of oil left. It has nothing to do with running out.…[T]he only people who ever use the phrase ‘running out of oil’ are people who either don’t understand Peak Oil, or people trying to mislead an audience about Peak Oil. Because again, if you can successfully mislead an audience and frame the argument as ‘No more oil’ vs ‘We still have oil’ – you again set yourself up for an easy debate victory. [1]

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We face a choice going forward. There’s a kind of false dichotomy, a false choice that we’re being presented between policies on the left or policies on the right. It’s not left or right, it’s forward or backward. It’s a choice between investing in the future, leaving a better future for the next generation just like parents and grandparents did for us, or ignoring these hard choices and sentencing the next generation to a lower standard of living, to fewer opportunities, and a future that we could do better by. [1]

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Imagine what would happen if citizens took a moment or two to ponder the implications of the nonsense peddled to them daily by those public voices having decidedly different priorities than the public’s continued well-being…. continue reading…

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Human nature being what it is, predictably there are those who still harbor doubts about certain issues pertaining to current and future fossil fuel supplies. There is, however, no doubt that there’s an over-abundance of juvenile, fact-free nonsense passing as gospel truth from industry cheerleaders and media counterparts. continue reading…

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Good to see that even after months on hiatus, not much changes on the Right, right? First up:
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A near-perfect example in the continuing line of cherry-picked, mostly fact- and context-free Happy Talk about U.S. oil production came courtesy of this Tyler Crowe article several months ago. (The title “America Has Saved the World From a Global Oil Crisis” is just a bonus … aren’t we wonderful all the time!)
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Amazingly, there are many people who believe in peak oil.…

Michael Lynch offered that comment early in a not surprisingly vague article arguing peak oil this past summer. [Not that vague is a new tactic for him. Five years ago, Chris Nelder offered a concise analysis of Lynch’s work, and not much appears to have changed]: continue reading…

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The economic effects of peak oil are as obvious as they are frightening. The most immediate effect is to increase oil prices, and this has its own effect of slowing the economy down. There was a period in which Saudi Arabia could modulate the world’s rate of oil production by turning up the flow, but even that is a thing of the past. Oil prices jump up and down in response to rumors and temporary conditions — the worldwide economic slowdown has tamped them down a bit over the past few years — but the overall pattern is a steady price increase, all other things being equal….
We should understand that peak oil has probably already occurred, and we will be spending the rest of our lives, and our children their own lives, dealing with the consequences.
But we avoid the long term relevancies. There was plenty of oil yesterday and there will be enough today to maintain a modest lifestyle, and we all hope that there won’t be another big oil shock very soon….How do we prepare? [1]

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‘[P]eak oil’ is a global issue resulting from dependency on finite oil resources and associated vulnerability to changes in supply. The global economy must engage in changes and these changes must start with our misperceptions of prosperity as synonymous with capital. If we can transition to a paradigm in which equitable distribution of resources, social justice, the environment and pacifism are valued; energy alternatives and global agreements to mitigate the effects of peak oil may actually work. Fundamentally important is a shared global commitment to these aims (links/citations in original quote). [1]

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This is a follow-up to my most recent post, in which I offered a few observations on commentary attempting to debunk the concept of peak oil courtesy of this recent article by John Kemp. [Quotes here are from the Kemp article unless noted otherwise.]  continue reading…