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Reply #28: Peak oil is generally defined as the end of cheap oil. [View All]

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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-05-05 05:21 PM
Response to Reply #27
28. Peak oil is generally defined as the end of cheap oil.
The notion is that our society (particularly American society, but industrial societies in general) is dependent not just on abundant oil, but abundant cheap oil.

We still have half of the oil left (more, if we count stuff like oil shale), but if that oil costs us 10x as much to extract and refine, then our economy takes a huge hit. If you buy into Kunstler, a fatal hit.
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  -Oil: Wells tapped out? robertpaulsen  Dec-05-05 12:03 PM   #0 
  - Gee, maybe if that's the case it's true that we should have been investing  acmavm   Dec-05-05 12:07 PM   #1 
  - I'm willing to wager  MrMonk   Dec-05-05 12:14 PM   #2 
  - BP-British Petroleum has, as part of its advertizing campaigns,  alfredo   Dec-05-05 12:28 PM   #5 
  - Personal Experience - it's called RAPE  Coastie for Truth   Dec-05-05 12:28 PM   #6 
  - let me get this straight  rman   Dec-05-05 12:45 PM   #9 
  - You are reading too much into what I posted.  Coastie for Truth   Dec-05-05 01:10 PM   #17 
  - I should have been more clear  MrMonk   Dec-05-05 01:47 PM   #21 
     - That is an anti-trust violation  Coastie for Truth   Dec-05-05 02:27 PM   #23 
  - 1st things 1st though: 2nd rate oil sources,  rman   Dec-05-05 12:41 PM   #8 
  - Saw a shale oil guy at a conference in Denver last month  hatrack   Dec-05-05 12:52 PM   #11 
     - "heating" the rock, i assume?  rman   Dec-05-05 01:09 PM   #16 
     - Yeah, he said "Imagine the heating elements in a toaster"  hatrack   Dec-05-05 01:17 PM   #20 
     - There's another proposal  Pigwidgeon   Dec-05-05 03:49 PM   #25 
     - Link To Post That Discusses This 'Breakthrough'  loindelrio   Dec-05-05 07:55 PM   #30 
  - Except for that last sentence, I'm right with you.  sofa king   Dec-05-05 12:54 PM   #13 
  - Oil depletion and technology are two different subject  4dsc   Dec-05-05 05:22 PM   #29 
  - Peak Oil = Peak Profits  loindelrio   Dec-05-05 12:16 PM   #3 
     - That's how they'll distort the truth.  robertpaulsen   Dec-05-05 12:38 PM   #7 
     - Environmentalists haven't helped either...  mechanical mandible   Dec-05-05 12:47 PM   #10 
     - ANWR drilling is no Peak Oil solution.  robertpaulsen   Dec-05-05 01:08 PM   #15 
     - The energy industry is mostly self-regulated  rman   Dec-05-05 01:13 PM   #19 
     - New refineries haven't been built since the first "oil shock"  MrMonk   Dec-05-05 01:57 PM   #22 
     - Ah Yes. The Tried And True 'Environmental Regulation' Red Herring  loindelrio   Dec-05-05 02:43 PM   #24 
     - And the number of Gasoline stations are 1/2 the numbers in the 1970s  happyslug   Dec-05-05 03:57 PM   #26 
     - Its the peak of the cheap oil  TX-RAT   Dec-05-05 04:37 PM   #27 
        - Peak oil is generally defined as the end of cheap oil.  phantom power   Dec-05-05 05:21 PM   #28 
  - I have read Deffeyes and Goodstein  Coastie for Truth   Dec-05-05 12:17 PM   #4 
  - Nuclear power has never been safer....  mechanical mandible   Dec-05-05 12:52 PM   #12 
  - I agree..  sendero   Dec-05-05 01:01 PM   #14 
  - Today's entry from Kunstler's blog Clusterfuck Nation  JohnyCanuck   Dec-05-05 01:10 PM   #18 
  - Some experts say there is huge supply of oil and prices are headed down  philb   Dec-05-05 10:17 PM   #31 

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