limits are limits…

  • Mon, Oct 01, 2012 - 02:29am

    #8
    Doug

    Doug

    Status Platinum Member (Offline)

    Joined: Oct 01 2008

    Posts: 1364

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    limits are limits…

…and finite means finite.  If these people are paying attention they will note that oil probably isn’t going to go below $80/bbl for any length of time, and will likely go much higher.  The new sources that are ramping up share 3 characteristics, low eroei, increasingly dirty extraction methods and and increasing difficulty getting the stuff.  We aren’t doing much to develop substitutes and those that we have come up with are inferior to the real stuff.  Ramping up production and/or adopting altenatives to scale is a long term prospect.  Peak oil may or may not be as devasting as some predict, but it will certainly result in very different economic and lifestyle realities.

When combined with other upcoming and current forces like climate change and our economic disaster, things are getting interesting.

Doug