Ron Ruff
12-31-1969, 08:00 PM
On Jun 1, 12:35*pm, r15...@aol.com wrote:
> I've explained many reasons why this talk of reserves is practically
> meaningless. I guess you will just go on believing what you need to
> believe.
And I've been reading your explanations and they don't make sense. If
the oil is there, then it can be extracted at whatever it costs to do
so. "Peak oil" will only occur *when* the extraction costs are so high
that alternative sources of energy are less expensive... and of course
there will be no crisis at all then, since the alternatives will be
developed and in place. You can get momentary "peaks" like we did in
1980 (and possibly now) if there is a global recession... but in any
case, world oil production only goes down (and only will) because
there is reduced demand.
Of course you can get a situation where production doesn't meet
demand, *if* the cartels are able to create it. That and other market
manipulation are responsible for what is happening now.
"Peak oil" is a joke... there is no rational basis for it.
> I've explained many reasons why this talk of reserves is practically
> meaningless. I guess you will just go on believing what you need to
> believe.
And I've been reading your explanations and they don't make sense. If
the oil is there, then it can be extracted at whatever it costs to do
so. "Peak oil" will only occur *when* the extraction costs are so high
that alternative sources of energy are less expensive... and of course
there will be no crisis at all then, since the alternatives will be
developed and in place. You can get momentary "peaks" like we did in
1980 (and possibly now) if there is a global recession... but in any
case, world oil production only goes down (and only will) because
there is reduced demand.
Of course you can get a situation where production doesn't meet
demand, *if* the cartels are able to create it. That and other market
manipulation are responsible for what is happening now.
"Peak oil" is a joke... there is no rational basis for it.