It amazes me that as someone who supposedly has a post-graduate degree in Philosophy, and then extols the virtues of Philosophy to being able to make sound arguments, is the person who apparently most uses (or threatens to use), a modern implementation of placing your fingers in your ears.
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Apparently Oil Peaked on December 16th 2005
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Originally posted by Oerdin
Hubbert was an idiot when he was alive and he's still an idiot.
Like I said, I have no idea whether to believe it or not, and I don't really care either way. Whether we go back to the stone age is a matter of supreme indifference to me.
Anyway... please do elaborate your criticisms. I don't want to have to read Asher or KH's posts, because neither is to be taken seriously unless the subject is whining or poker.Only feebs vote.
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It's fantastic. Oil production peaked 2 months ago, yet somehow the world is consuming more oil at a lower price now than it was then.
12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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In ten years we'll somehow be using twice as much oil as we were drilling on December 15 2005.
Thank god the aliens are going to pipe that **** in.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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It would actually not surprise me in the slightest if US oil production dropped from here out. As this chart shows, they are among the nations using up their oil reserves at the quickest rate. The world still has a ways to go to catch up to the US in this regard.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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At current production rates, assuming no further discoveries, the US would run dry in ~13 years
Neither of these will be true, however it's likely that the pace of new discoveries will not keep up with the pace of drilling in the US, so there will be a gradual lessening of the US's importance as a producer.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Is this the latest version of Malthus? Didn't he and his successors make all sorts of claims about resource depletion only to be shot down by those dreaded right wingers? They had some bet, the Malthusian could pick 10 commodities supposedly disappearing and a libertarian economist predicted the price of the commodities would actually go down.
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If you start a thread about peak oil, you lose the right to call anyone a nutbag."You're the biggest user of hindsight that I've ever known. Your favorite team, in any sport, is the one that just won. If you were a woman, you'd likely be a slut." - Slowwhand, to Imran
Eschewing silly games since December 4, 2005
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