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Peak Oil Demand Is Millions Of Barrels Away
2017 Jul 10, 4:40pm 528 views 13 comments
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WookieMan
2024 Nov 26, 3:22am
All bullshit (about peak oil)
I'm no oil guy, but no different than lava, this shit just keeps oozing up and we figure out how to capture it out of the ground. There's small oil fields in IL of all places. Hell, has anyone explored the Great Lakes for oil? So much surface and water areas that have never been inspected for oil.
zzyzzx
2024 Nov 26, 5:23am
has anyone explored the Great Lakes for oil? So much surface and water areas that have never been inspected for oil.
Perhaps you should suggest this to the oil majors.
AD
2025 Aug 18, 10:09pm
Have to understand how oil and natural gas "are made" below ground
That gives context on supply meeting growing demand as far as ensuring adequate supply
I know from my line of work there is ways to make natural gas such as in a biodigester
Seen biodigesters for a large-scale poultry farm since poultry waste has a very high BTU to pound mass ratio, or energy content or density
.
MolotovCocktail
2026 Jan 26, 8:44am
Folks, the days of fossil fuels are numbered:
http://money.cnn.com/2017/07/05/autos/volvo-electric-cars-internal-combustion-engine/index.html
Volvo is going all in on the electric car.
The Swedish automaker is slamming on the brakes on vehicles powered solely by internal combustion engines, announcing that every car it makes from 2019 onward will have an electric motor.
https://www.nytimes.com/2017/07/06/business/energy-environment/france-cars-ban-gas-diesel.html?mcubz=1
France Plans to End Sales of Gas and Diesel Cars by 2040
http://money.cnn.com/2017/06/03/technology/future/india-electric-cars/index.html
India to sell only electric cars by 2030
This didn't age well.
Tenpoundbass
2026 Jan 26, 9:17am
Tenpoundbass says
If peak Oil is already a problem then Peak Rare Earth happened millions of years ago.
Electric cars are doomed.
Strategist says
No worries Captain, other technologies are already in the works.
Well I'm waiting!?
rocketjoe79
2026 Jan 26, 10:50am
Watch Landman, the new TV series, for a primer on Oil Economics, and other fun stuff. It's basic education for 20-somethings wrapped in an entertaining story, and head-nodding, "I-told-you-so" shit for Boomers. Actual conservative programming, sorta.
« First « Previous Comments 6 - 13 of 13 Search these comments
The notion that demand for crude oil will soon peak has largely replaced the idea from a decade ago that crude oil production was about to peak for geological reasons. This new idea is that we will no longer need oil (or at least a lot less of it) because consumers will choose alternatives to oil.
But actual oil consumption numbers suggest that peak demand for oil won't happen soon, and when it does happen it will do so at a demand millions of barrels per day (BPD) higher than current demand.
Proponents of peak demand expect that exponential growth in electric vehicles (EVs), and to a lesser extent an increase in biofuel production will send oil demand into permanent decline. In fact, nearly a year and a half ago Bloomberg suggested that at a continued annual growth rate of 60%, electric vehicles could displace two million BPD of oil by 2023. At a 30% growth rate, two million BPD would be displaced by 2025.
I addressed the key problem with the Bloomberg scenario here. In a nutshell, the article treated oil demand as stagnant, which resulted in the assumption that in 2023 the displacement would take place from current demand levels. In other words, if 2016 demand was 95 million BPD, the Bloomberg scenario presumed 2023 demand at 93 million BPD (and falling every year).
The flaw in the scenario is that for over 30 years average oil demand has grown each year by more than a million BPD.ï„¿ï„¿ Over the past decade, oil demand has grown each year by 1.1 million BPD. Over the past five years, 1.4 million BPD. Last week the bible of energy statistics was released -- the BP Statistical Review of World Energy 2017 -- and it showed that oil consumption grew by 1.6 million BPD last year:
Full Article: https://www.forbes.com/sites/rrapier/2017/06/19/peak-oil-demand-is-millions-of-barrels-away/#4d3817446940
Related: The Global Oil Demand Driver That Is Being Ignored. http://oilprice.com/Alternative-Energy/Renewable-Energy/The-Global-Oil-Demand-Driver-That-Is-Being-Ignored.html
Related: After Peak Oil, Are We Heading Toward Social Collapse? http://www.countercurrents.org/2017/07/01/after-peak-oil-are-we-heading-toward-social-collapse/
#PeakOil #AlternateEnergy #ElectricCars #SocialProblems