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Who'll be the first to use the new all time high production record at 74.47 million b/d as "proof" to debunk Peak Oil?
If I recall from comments for the last report, C+C was including Tar Sands. If that was/is the case, nobody with a brain would be saying that because minus Tar Sands, the peak is still May 2005.
Tar sands are to oil what peanuts are to peanut butter, no? The two are not, and never will be, equal. Include Tar Sands in all liquids with my blessings, but to do so with crude is bull.
Cheers
Since Economic Growth is Energy Growth times Energy Efficiency Growth, May 2005 is still the end of Economic Growth.
The economy has momentum. Without increasing energy or increasing efficiency that momentum is decaying. This momentum decay is visible in home foreclosures:
Most succintly put. Where is this originally posted?
And why aren't more of us promoting this PO attribute?
Carl
Who'll be the first to use the new all time high production record at 74.47 million b/d as "proof" to debunk Peak Oil?
This is why the peak oil crowd should stop jumping up and down everytime there is a slight decline in oil production from one month to the next.
It's also why pump-and-dump ethanol stock shysters should shut up and go away.
K100-
Go back to reading Ayn Rand, and no masturbating.
I haven't checked in here in some time--is this was TOD:E has turned into?
Of course the peak oil camp (which definitely includes me) shouldn't trumpet every month with a lack of a new high as proof of anything, just as the deniers shouldn't make a big deal out of the numbers quoted above. Doing so is equivalent to the incessant claims of the global warming deniers that there's nothing to GW because it happens to be cooler than normal outside their window on a given day.
Everyone involved in these conversations needs to keep in mind which battles are worth fighting, and which ones are just a silly waste of time. Getting more people to pay attention to peak oil is a very worthwhile cause, but petty nastiness and getting hyped up over one month's numbers (not that hightrekker did the latter) do nothing to achieve that goal.
Lou-
Point well taken--
Civility and tolerance will attract more readers and possibly lead to increased knowledge on this very critical subject.
I will refrain from kneejerk responses-
best
hightrekker
Yes, thank you, a voice of rationality. I thought K100 had a good point.
You need to review Keithster100's posting history, coupled with his famed pumping of particular ethanol stocks, right here on TOD, which he shortly thereafter dumped as soon as other buyers were propping his price up to where he wanted to sell. And note that those stocks subsequently fell. Long time posters here are aware of what he is while newer posters may not know.
As for what debunkers will say, they already said it in the prior thread that announced this new "high" where it was also discussed that these agencies are now rolling in tar sands to C&C production numbers. That is obviously NOT C&C so it distorts the picture. Remove tar sands and the C&C number is down almost a million barrels from May 2005.
Um no, can't really agree with you.
1. Whoever this guy is, his history doesn't necessarily invalidate his remark. As I mentioned in another post somewhere, just because big business thinks it is going to make a fast buck out of global warming mitigation, doesn't mean global warming is suddenly invalidated.
2. Last I heard, there is no law against writing a load of baloney, promoting yourself or your interests, or anything like that on the internet. If anyone bought ethanol stocks and lost money, it really is their own darned fault. All the information is available. The scientific papers have been written and published. If someone can't put that information together and figure out that corn ethanol is a big scam, that's their problem, I have no sympathy for them whatsoever.