“Practical Peak Oil”
Posted by TFG on April 24th, 2008
Great, keep it in the ground. It’ll make us go nuclear electric that much faster, and it’ll make Brazil get their off-shore stuff flowing, and it’ll make NoDak Texas, Jr. Then what, Saudis? You gonna feed that oil to your grandkids?
Hoarding is the New Black. That never works unless you’re DeBeers selling diamonds, notably a non-fungible commodity, to housewives.
Via John Robb, who is an enormous Peak Oil shill. Clearly, we disagree (I say that as if he even knows who I am. 
)
April 24th, 2008 at 7:53 pm
There will be a market for oil as far as the eye can see. Somebody is always going to be 40-100 years behind no matter how globalized things get.
April 25th, 2008 at 8:00 am
There will always be oil. Over time it will be harder to extract. There will be a market for oil until it takes the energy in a gallon of oil to get a gallon of oil to the customer.
April 25th, 2008 at 8:25 am
As long as the Saudis have money to line the pockets of our politicians, we won’t be switching to Brazilian oil–or going nuclear.
April 25th, 2008 at 7:15 pm
Dstanley869,
Our politicians have no vote in where oil is bought or who gets to sell it. I’m sure the bastards would like to have that power, but they don’t. Also, it really doesn’t matter whether we buy our oil from the Saudis, Canada or Brazil. Oil is fungible, if the Brazilians increase the world supply of oil the price drops for everyone, not just those who buy from Brazil.
April 26th, 2008 at 6:10 pm
Good post.
You all should check out The Oil Drum and Energy Bulletin. Two peak oil analysis and news mainstays, imho.
http://theoildrum.com
http://energybulletin.net
April 26th, 2008 at 10:30 pm
Greg, I think I see what you’re getting at, but I think you’re wrong. If our politicians weren’t on the Saudi dole, they could find lots of ways to influence purchase and sale, not to mention starting a crash program to build nuke plants immediately. Passing a law banning companies from buying Saudi oil, for instance, would work just fine. Sure it might be overturned, but that could take years. Political interference in markets isn’t efficient, of course, but depending on who is leading the charge, it can be damned effective.
April 27th, 2008 at 9:48 am
Funny and apt post, Scott. Peak oil looks more and more like a very wide plateau, unless war induces real supply disruption. At current price, many new sources and techniques come into play.
Rather than fretting about peak oil, we ought to wonder what will happen when the dollar finally stabilizes. How low will the price of oil go, and how fast?
April 27th, 2008 at 6:47 pm
It would be funnier without this estimate that NoDak’s field won’t ever be able to produce even 10 percent of our domestic oil needs:
http://www.theoildrum.com/node/3868#more
April 27th, 2008 at 7:07 pm
I said it earlier, and you might have missed it, but I’m of the mind that that’s the Feds’ estimates. Whem was the last time you trusted them to get it right, Dick?
Cut the wildcatters loose, and see what happens. I could likely be wrong as hell, but I’d rather fire and miss than never fire at all.