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Noahgoy (December 31, 1969 at 4:59 pm)
You could not be more wrong.
lumajs (December 31, 1969 at 4:59 pm)
Peak oil is a crackpot theory. The "exact point" when the production peaks doesn't actually exist, depends on conventions, and is extremely far from the present era, anyway. When the times arrive when oil becomes too inaccessible and expensive to drill, it is very clear that it will no longer be important. The Stone Age also didn't end because we ran out of stones.I don't know whether we need more than oil at $65 to see that those who predicted a rise forever are just cranks.
lumajs (December 31, 1969 at 4:59 pm)
Peak oil is a crackpot theory. The "exact point" when the production peaks doesn't actually exist, depends on conventions, and is extremely far from the present era, anyway. When the times arrive when oil becomes too inaccessible and expensive to drill, it is very clear that it will no longer be important. The Stone Age also didn't end because we ran out of stones.I don't know whether we need more than oil at $65 to see that those who predicted a rise forever are just cranks.
lumajs (December 31, 1969 at 4:59 pm)
Peak oil is a crackpot theory. The "exact point" when the production peaks doesn't actually exist, depends on conventions, and is extremely far from the present era, anyway. When the times arrive when oil becomes too inaccessible and expensive to drill, it is very clear that it will no longer be important. The Stone Age also didn't end because we ran out of stones.I don't know whether we need more than oil at $65 to see that those who predicted a rise forever are just cranks.
lumajs (December 31, 1969 at 4:59 pm)
The lady over there who says that $50 is plausible is reasonable while Mr Hirsch seems to be a crackpot, unless the prices are round like the Earth and the path from $147 to $500 goes through those $65 today. ;-)
ebach1 (December 31, 1969 at 4:59 pm)
thats very interesting :)we better use solar electricity productionand charge scooters with it
DOLLARCRISIS (December 31, 1969 at 4:59 pm)
In case of hyperinflation the price could go up to 1 trillion $ a barrel.
Noahgoy (December 31, 1969 at 4:59 pm)
I received a comment from an individual who told me Peak Oil is not a fact. Of course this is nonsense. Oil is a non-renewable source, and at some point, it shall peak. The debate is when.This individual gave examples of Russia drilling 40,000 feet underground and finding oil. What he didnt mention was the amount of energy required to obtain one barrel of oil this deep in the earth. For example, the oil sands use 1 barrel of oil to make 1.5 barrels of oil. The easy oil is gone.
HBOMB99 (December 31, 1969 at 4:59 pm)
Why would you ask economists. They've been wrong at every turn on this. Economists are idiots and their training doesn't apply to this problem. Talk to geologists. I can't take her seriously after she quotes economists.
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