Did Santa Forget to Bring Peak Oil for Christmas Yet Again?
But didn’t world oil production peak in 2006, as the International Energy Agency concluded probably occurred? Doesn’t this condemn the world to fighting more future wars over dwindling petroleum resources? No....“experts” have been repeatedly predicting the depletion of the world’s oil reserves since the late 1800s, but it never seems to happen. New technologies and periodic higher prices make previously uneconomic deposits viable—such as the tar sands and shale oil that have recently become economic—thus sustaining world production. _EurasiaReviewIn fact, global oil reserves continue to rise, year on year. This is largely from improvements in oil extraction technologies, which are reviving "tired old oil wells," convincing them to produce the remaining 70% to 80% of their oil which has remained underground. But giant new oil fields have been discovered -- mostly under the seas. And as oil prices edge upwards due to largely political factors, a massive deluge of synthetic hydrocarbon fuels from CTL and GTL grow ever more affordable.
Peak oil grifters and con-men have been predicting the onset of peak oil and the collapse of global civilisation for roughly a century now. More astoundingly, peak oil drones are claiming that "peak oil actually happened in 2005 (!)", although civilisation failed to collapse -- in a most unobliging fashion.
But don't give up, faithful disciples and cultists of peak oil doom. Eventually, either civilisation will collapse -- and you can claim it was from peak oil -- or you will be able to lay down this burden of trust and move on to the non-corporeal level.
A quick glance at popular doomer sites will confirm that doomers are unwilling (or unable) to let go of their pet doom -- even for Christmas! Peak oil doom shared the Christmas table of every true-blue doomer worth his salt, and that calls for another round of libation.
Speaking of libation, we should always remind ourselves that ethanol is for consumption by humans, not by engines. Butanol is a far superior fuel for ICEs. If you must use ethanol for energy production, consider fuel cells.
Labels: peak oil