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kristopher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-26-09 08:45 PM
Response to Reply #28
30. What?
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  -Presented for your consideration -- Twilight Zone in the Desert GliderGuider  Aug-25-09 07:41 AM   #0 
  - I think peak oil is a geologic reality but not an economic reality  HamdenRice   Aug-25-09 09:22 AM   #1 
  - Okay, are you seriously saying that peak oil  Javaman   Aug-25-09 11:13 AM   #3 
  - last summer's rush up to $150.00 a barrel /was/ controlled via economic measures  OKIsItJustMe   Aug-25-09 12:17 PM   #6 
     - I stated that in my post, my point is...  Javaman   Aug-25-09 01:21 PM   #9 
        - Prices can be controlled artificially  OKIsItJustMe   Aug-25-09 01:50 PM   #10 
           - Take a look at wage and price controls or rent controls  GliderGuider   Aug-25-09 03:10 PM   #12 
              - Compared to speculators? I'll take regulators (thank you!)  OKIsItJustMe   Aug-25-09 11:08 PM   #17 
  - But oil is an inelastic commodity and there are physical limits to substituion.  Viking12   Aug-25-09 11:18 AM   #4 
  - As far as I can tell, the price elasticity of both supply and demand are very close to 0.  GliderGuider   Aug-26-09 09:56 AM   #18 
  - I could have clarified my point on substitution...  Viking12   Aug-26-09 01:27 PM   #19 
     - So could I  GliderGuider   Aug-26-09 02:03 PM   #20 
     - .  Viking12   Aug-26-09 02:20 PM   #21 
     - And your evidence for this sweeping statement is what?  NNadir   Aug-26-09 08:09 PM   #29 
        - It does make sense  tama   Aug-28-09 03:02 AM   #58 
  - Oil isn't "inelastic" so much as it is  kristopher   Aug-26-09 07:09 PM   #27 
  - How long is "long" and how high is "high"?  GliderGuider   Aug-26-09 07:25 PM   #28 
  - What?  kristopher   Aug-26-09 08:45 PM   #30 
     - The idea's not that hard.  GliderGuider   Aug-26-09 08:48 PM   #31 
        - Actually it is.  kristopher   Aug-26-09 09:28 PM   #34 
  - Economics 101  Viking12   Aug-26-09 09:00 PM   #32 
  - Good. You have the basics in front of you.  kristopher   Aug-26-09 09:32 PM   #35 
     - Hold my hand, I'll walk you threw it.  Viking12   Aug-26-09 10:39 PM   #37 
        - That's what you got from reading A.3.?  kristopher   Aug-26-09 11:25 PM   #42 
  - Agreed  Nederland   Aug-26-09 10:59 PM   #40 
  - What is needed to understand  tama   Aug-28-09 03:20 AM   #59 
     - There is absolutely no evidence to support  kristopher   Aug-28-09 05:18 AM   #60 
        - You are correct  tama   Aug-28-09 01:02 PM   #62 
           - No one says the availability of energy is no problem  kristopher   Aug-28-09 01:40 PM   #63 
              - So,  tama   Aug-28-09 03:33 PM   #65 
                 - Deleted message  Name removed   Aug-30-09 09:37 PM   #67 
  - A note on oil price elasticity  Terry in Austin   Aug-26-09 11:26 PM   #43 
     - From your link at oil drum  kristopher   Aug-27-09 01:45 AM   #44 
  - Most of us who are relatively serious about the topic  GliderGuider   Aug-25-09 12:10 PM   #5 
  - Malthusian theory  Terry in Austin   Aug-25-09 12:34 PM   #7 
  - Fundamental economic concept  tama   Aug-25-09 12:43 PM   #8 
     - That's a very nice point!  GliderGuider   Aug-25-09 03:06 PM   #11 
  - Anecdotal?  Barrett808   Aug-25-09 10:25 AM   #2 
  - Interesting links  Nederland   Aug-25-09 03:25 PM   #13 
     - No, they're much too conservative with that date.  GliderGuider   Aug-25-09 04:42 PM   #15 
     - Question  Nederland   Aug-26-09 04:18 PM   #22 
        - Petroleum Review's megaprojects  Terry in Austin   Aug-26-09 06:01 PM   #24 
        - Because for the last 5 years the price elasticity of supply has been zero.  GliderGuider   Aug-26-09 06:46 PM   #25 
     - I'd say the API / EIA / IEA numbers for future flow rate are optimistic  Barrett808   Aug-25-09 05:01 PM   #16 
        - How can you know that?  Nederland   Aug-26-09 04:21 PM   #23 
           - One gentle hint is that  GliderGuider   Aug-26-09 06:54 PM   #26 
           - If that is true  Nederland   Aug-26-09 10:38 PM   #36 
              - Well, I would say  GliderGuider   Aug-26-09 10:41 PM   #38 
                 - Response  Nederland   Aug-26-09 10:55 PM   #39 
                    - I didn't say the older predictions were irrelevant.  GliderGuider   Aug-27-09 07:30 AM   #46 
           - Reserve estimates do come with big error bars  Barrett808   Aug-26-09 09:04 PM   #33 
              - If flow rates are known with some precision...  Nederland   Aug-26-09 11:16 PM   #41 
                 - Because everybody's predictions are always wrong.  GliderGuider   Aug-27-09 08:28 AM   #47 
                    - This is true  Nederland   Aug-27-09 10:07 AM   #48 
                       - Not so fast.  GliderGuider   Aug-27-09 10:34 AM   #49 
                       - Your own link supports my assertion  Nederland   Aug-27-09 11:17 AM   #51 
                          - I'm not suggesting it's incorrect.  GliderGuider   Aug-27-09 11:38 AM   #52 
                       - There's no doubt about it, prediction is difficult  Barrett808   Aug-27-09 10:51 AM   #50 
                       - History is bit easier  tama   Aug-28-09 02:52 AM   #57 
                          - True enough, although Peak Oilers are very aware of this  Barrett808   Aug-28-09 09:51 AM   #61 
                       - Two doctors disagree about how long a very ill hospital patient might live...  hunter   Aug-27-09 12:36 PM   #53 
                          - It matters...  Nederland   Aug-27-09 06:26 PM   #55 
                             - Our coal will outlast our oil.  joshcryer   Aug-28-09 01:49 PM   #64 
  - Here's the "rebuttal" open thread at The Oil Drum:  Barrett808   Aug-25-09 03:35 PM   #14 
  - Classic  depakid   Aug-27-09 01:54 AM   #45 
  - Another rebuttal from The Oil Drum:  Barrett808   Aug-27-09 06:05 PM   #54 
  - the electric car is coming  excess_3   Aug-27-09 06:44 PM   #56 
  - Where did he get 10 trilion barrels from?  lfairban   Aug-30-09 03:55 PM   #66 
 

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