Who cares where they get the oil. We are oversupplied. Prices are high from weak dollar. I will bet you in 10 years you will look back & see the world has not peaked in 2005, 2008 or 2010, because for the last 91 years all these predictions have been wrong. That being said it is highly likely the growth of population, industry & living standards around the world may cause the growth in oil demand to out strip the growth in oil production.
Yay for you, Capt. Obvious! Good to see you're finally getting it. Half of it, anyway.
Even if they are true I could care less. I hardly use oil any how. I have a 5kw wind generator & 5kw solar panels with 10kw battery storage. I have a farm & can grow & hunt all my family needs. I am waiting for them to build a decent an electric pick-up truck. The wind blew hard last week & all the excess power blew the Chinese wind charge control regulator. This prevented over-speed braking on my wind generator & all the blades flew off. Talk about pissed. The average person is not going to be able to deal with this shit. I am building a better controller now. I own 10% of a POET ethanol plant & 8% of a bio-diesel plant. I use ethanol or bio-diesel in all my vehicles. My home is well insulated with spray foam insulation with thermal windows & doors. I use all fluorescent lighting, geothermal heat pump, rain capture cistern, recycle & use a clothesline instead of a dryer. It will suck a bit but I will make it.
Not that I believe much of this above about you, but good for you. Unfortunately, 99.9% of the people around you have not invested in those sustainability methods, and could never afford the installation of it. But thanks for expanding on the compassion-free stereotype (for his fellow American) on the modern con man. Way to give a shit about anyone but yourself there, champ.
I am greener than any liberal, democrat, hippie I know. The retards all bash big oil while they are filling up with the stuff all the time. It is laughable. On the bright side having a country full of energy wasters leaves a lot of room to conserve if a peak actually occurred. Plenty of time left to prepare to ride the slide. The fear that these climate & peak doomers put into the population causes prices of shit to skyrocket. The massive amounts of money being made off the citizens with these fear tactics by the perpetrators of these myths. Nearly all of them are raking in big money from these fear tactics.
LOL! ... There you go again, trying to argue both sides. So which is it? Is peak a supply/demand problem, or is it all just because "liberal doomers" are "driving the price up" with their "fear tactics?"
My gawd, you're all over the place in this thread. Your argument has been dismantled, your rationale revealed as laughable angry con man rhetoric, and your arrogance undeniable.
Money spent to buy oil does not disappear.
No, just the oil.
Review the basic laws of thermodynamics, genius. 1) Energy can be converted from one form to another, it cannot be created or destroyed. 2) In all energy exchanges, if no energy leaves or enters the system, the potential (usable) energy of the state will always be less than that of the initial state.
Despite what you cons think, showing up at the bank window with gobs of cash doesn't magically put more oil in the ground.
Oil producers invest or spend it. Hence rising oil prices shift wealth and income around the globe, not destroy it. To the extent that oil producers save more than oil consumers, this has a net slowing effect on the economy. But nothing like the Armageddon described in doomsters’ forecasts. This reduced growth in GDP slows the growth in demand for oil. If prices rise so that real global GDP slows to 2%/year (very roughly), oil demand no longer increases. If oil prices rocket high enough, global GDP will actually fall (historically a rare event, except during wars). Investment in renewable will skyrocket & oil demand will fall further.
None of this "fun with basic economics" self-rationalization says anything about the supply:demand ratio. The fact that the rise in price affects growth in an adverse way INDICATES the ramifications of peak oil!!! Hello!!???? Is this thing on? So, you've just admitted what happens. Well done. ... But, amazingly, you adhere to the "markets will sort everything out" principle, as if it will all transition seamlessly into alternatives. ... That kind of paradigm shift in a transition to alternative infrastructure will take 25-30 years. Collpase is starting now.... You clearly don't have any idea what a 10 million b/pd shortfall will mean for the global economy.
We had BETTER enact a Marshall Plan for renewables immediately. Unfortunately, there are just enough people, like you, who don't get it, contradict their own argument, and believe the "market will fix everything," to hell with civil breakdown. They exhaust their efforts trying to convince people that there is both a problem and no problem.
Cons are so dumb.
