patrick.net

oops... attribution: https://www.nationalreview.com/2019/04/elites-share-common-interests-changes-conventional-wisdom/

cmdrdataleak says

Less than 15 years ago,

Who, waiting in one of those gas lines in 1977 in a 150 HP 4,500 lb. slug that got 13 MPG on the highway, or an 88 HP six cylinder "economy" car that got 15 MPG on the highway, would have predicted that 40 years later there would be so much product on the market the prices would have collapsed back to 1960's prices when adjusted for inflation. The energy industry had been communized by the government with the allocation program where a fuel outlet was only given only 80% of what its amount had been a year earlier. It created the panics just like in Russia with its shortages of everything. People didn't want their gas gauges to go below 3/4 full, so they would fill up every chance they got. But at 13 MPG, they still had to refuel more often and wound up sitting in interminable lines. No one would have guessed then that there would be 260 net HP cars that could go 0-60 in less than ten seconds and still get 20 MPG on the highway.

I remember peak oil being pushed in this forum...right up until oil proces crashed again.

Pump and dump

Peak Earl! Peak Earl!
We're going to run out of Earl in less than 10 years!

Every Liberal Idiot and every RINO licking their chops to fuck every American in the Ass over their personal Transporation expesnes and to add a huge VAT tax to every aspect of our lives and Comerce.

Another Gem I like to laugh to is this classic number...
"Get used to $150 Oil it's never going back down!"

And who can forget the classic retort to my words of wisdom... I said:"You know if people don't buy gas, they can't keep refining Oil. Because they'll run out of storage for the refined Petrol, and you can't just burn it!"

To which the Liberal agitator brigade that must shit on every thing that is said and told in the world that violates their Commie Learnings said!

"You don't understand how the Economy works, you're on the wrong side of History, we're going to have Unicorn Fart powered everything by 2020, you're just a stupid Concerned Citizen!"

Yeah fun fucking times, Liberals don't know SHIT!

The funny Ironic thing is, if this were 2008 - 2012, I think everything AOC said would be held as the Gospel from the highest authority.
Watching her now, is like watching that one idiot that didn't get the memo about the Water being shut off and he put a huge stinking Steamer in the toilet and it wont flush and lathered his hair up wish Shampoo. But the water is off! He can't see it but it damn sure smells like Shit up in their Liberal world.

"The economy (whether economists realize it or not) depends on physical resources, and these are in limited supply. One piece of evidence with respect to the limited supply of oil is the fact that the cost of its extraction keeps rising. This means that fewer resources are available to be used for making other goods and services."

In a finite world, debt, like anything else, cannot keep growing.
This, gentlemen, is the real Peak Oil.
There is a lot of oil buried deep in earth or ocean, or between rock formations.
Are we going to completely destroy the earth by drilling, fracking, until every pristine wild river oozes with pollution and our beaches ruined by oil spills?
The rising cost of extraction must be passed on to the end user.
If the end user has no other energy choice, then there is no peak oil, right?
https://oilprice.com/Energy/Crude-Oil/Peak-Oil-An-Issue-of-Economics-not-Geology.html

kt1652 says

In a finite world, debt, like anything else, cannot keep growing.
This, gentlemen, is the real Peak Oil.

New Oil is being created every second of every day, so is salt, and fresh water. Our Oceans press the excess water deep into the Earths crust where all of the Sea Snow is pressed into its purest Oil element and it collects and is also moved along in Oil aquifers.

Oil fields that dried up in Texas around the 50's were pumping out Oil during the boom a few years back. Those Oil wells went off line because they dried up. Same wells they didn't drill deeper they were tapped out. They were pulling Oil out of them as far back as 2015. Then Trump came in office and Oil prices went down, so Texans quit drilling. Not because it cost too much to extract. But because a simple Laborer in the Oil field makes a 6 figure salary. They thought Oil would $150 barrel forever.
Now those Oil folks don't want to work for $50K or $60K a year. Wait until the Mexicans replace them we'll be back $30 a barrel Oil in no time.

"It takes millions (sometimes hundreds of millions) of years to obtain fossil fuels and this is why they are regarded as non-renewable source of fuels. Fossil fuels comprise of crude-oil, coal and gas. In general, decomposing dead plant material form coal while crude oil and gas are formed from dead marine organisms."

'Cause when I'm high, the world below don't bother me.'
That is some good weed man.

It took millions of years to create fossil fuel and at this rate we may have a few more HUNDREDs of years left of the stuff in the ground.
I am with you more than you realize, civilization has 100 or at most 200 years left before environmental annihilation. Peak oil is our least problem.
https://environmentalcritique.wordpress.com/2018/03/11/everything-is-headed-toward-annihilation/

kt1652 says

It took millions of years to create fossil fuel and at this rate we may have a few more HUNDREDs of years left of the stuff in the ground.

Who ever said that assumed it takes Millions of years at sea level atmospheric pressure. The pressures beneath the crust at the bottom of the Ocean are 1000's of atmospheric pressures.

The Gulf Oil spill didn't even behave as our most brilliant top Scientist expected it would have. There's still trillions of gallons that ended up unaccounted for, spewed out into the bottom of the Ocean but never made it to the top and it isn't lingering on the sea bottom. Where in the fuck did it go? Nobody knows that answer.

Tenpoundbass says

Who ever said that assumed it takes Millions of years at sea level atmospheric pressure. The pressures beneath the crust at the bottom of the Ocean are 1000's of atmospheric pressures.

You need something to press at, and that stuff does not appear on timescale of thousands or even hundreds of thousands of years.

Tenpoundbass says

pewed out into the bottom of the Ocean but never made it to the top and it isn't lingering on the sea bottom. Where in the fuck did it go? Nobody knows that answer.

Oil-consuming bacteria ate most of it, I believe

They can stop pretending to know what goes on beneath the surface of the Earth. They positively identified worms that exist 2 miles below the Earth's surface only recently. Turns out, life exists a lot farther beneath the surface than we ever imagined.

d6rB says

Oil-consuming bacteria ate most of it, I believe

That's a fuckton of bacteria being recycled and pressed through the Earths oceanic crust Oil Press my friend.

Peak Oil is the Leftist "Gold to $30,000/oz"

MisterLearnToCode says

Peak Oil is the Leftist "Gold to $30,000/oz"

It's gotta run out at some time, question is if it will happen in 100 or 400 years. Also, it is good if we have alternative energy sources. Collapse oil price and fucktards in Russia and Saudi Barbaria will be hurting.

Yep, that tree will grow to the sky.

US projected production:

So that chart hasn't been updated since 2000?

By mid-century, conservatives will thank the Global Warming alarmists for pushing renewable energies adoption so hard.

Germany is now facing billions upon billions to remove those ineffective Windmills they built. The Carbon Fiber blades can't be incinerated and are incredibly toxic and carcinogenic, will have to be broken up in an energy-intensive, expensive process.

Without massive subsidies and tax breaks, they are completely infeasible. The Germans had their electric bills double for nothing; and heavy industry was almost wholly exempt from the renewable program (or the charges would have made them, again, utterly uncompetitive due to massive electric costs way in excess of their competition).

MisterLearnToCode says

Germany is now facing billions upon billions to remove those ineffective Windmills they built.

https://blogs.scientificamerican.com/plugged-in/wind-energy-is-one-of-the-cheapest-sources-of-electricity-and-its-getting-cheaper/
Earlier this month, the U.S. Department of Energy (DOE) released the latest iteration of its annual Wind Technologies Market Report, which pulls together a wealth of data to track trends in the cost, performance, and growth of wind energy.

The report found that U.S. wind energy will continue to be one of the lowest cost electricity generation technologies available, with the long-term wind electricity price available through a power purchase agreement coming in at about half the expected cost of just running a natural gas power plant.

Furthermore, stiff competition from both natural gas and solar energy are poised to push the wind industry to achieve even lower prices and higher performance through the development of bigger turbines tailored to maximize their output even in regions with less than optimal wind speeds.

MisterLearnToCode says

Without massive subsidies and tax breaks, they are completely infeasible.

Except the early investments mean prices are collapsing.

Heraclitusstudent says

By mid-century, conservatives will thank the Global Warming alarmists for pushing renewable energies adoption so hard.

Global Warning alarmists are not pushing renewables, they are pushing "vote Democrat." No matter though, solar and wind are on their way here as a matter of technology and economics. Solar farms are being build right now at several locations in VA, and I am sure other places as well.

Heraclitusstudent says

Except the early investments mean prices are collapsing.

Not sure what you mean. The electric generators in Windmills don't have an infinite lifespan.Germany is way behind targets, and it's last nuclear plants shut down in 2022. Poland, Netherlands, Czech Republic, and France have threatened to regulate in the EU if the Germans don't stop their load shedding which is causing expensive repairs to electric infrastructure in Europe.

Coal, coal, coal!

Heraclitusstudent says

Earlier this month, the U.S. Department of Energy (DOE) released the latest iteration of its annual Wind Technologies Market Report, which pulls together a wealth of data to track trends in the cost, performance, and growth of wind energy.

Nobody wants windmills blowing cancer on them.

Ppl. I suspect that by the next century, we'll have highly efficient solar stations in space, able to harness the sun's energy and microwave it back to earth, supplying virtually unlimited power. As one can guess, there are no clouds in the magnetosphere.

And then, we can focus on recycling our spent uranium, and making our nuclear waste a fraction of what it is today.

Instead of the above, we're bickering about phantom peak oil & other whoa-is-me scenarios.

Rin says

Ppl. I suspect that by the next century, we'll have highly efficient solar stations in space, able to harness the sun's energy and microwave it back to earth, supplying virtually unlimited power. As one can guess, there are no clouds in the magnetosphere.

Why no dream bigger?

Harness power directly from the magnetosphere or even pull the electromagnetic energy that is naturally around us, without magnets or generators?

If wireless electricity is a thing. Then think we could wirelessly generate electricity without a generator.

But that wont solve our plastics, lubrications and composite needs. We will still need to refine just as much Oil as we do today, just to keep up with the essential Oil by Products demand.

In the meantime that nasty waste product that new technology will replace will just stockpile. What do you suppose we should do with billions of gallons of Petrol Gasoline a year. Dump it in the Ocean, Burn it or dump it in the ground?

MisterLearnToCode says

Not sure what you mean.

I mean this: people who bought renewable energy early paid very expensive prices for crappy stuff. Early Teslas or solar panels were hugely expensive.

But it is thanks to these early investments that technology evolved and that the prices are in the process of collapsing, thereby driving more spending, more investments, more research, and so cheaper and more efficient gear.