http://www.masterresource.org/2009/05/prisoners-of-math-falling-into-the-resource-fixitydepletion-imbroglio/ A free-market energy blog Sat, 11 Feb 2012 20:41:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.masterresource.org/2009/05/prisoners-of-math-falling-into-the-resource-fixitydepletion-imbroglio/comment-page-1/#comment-1575 rbradley Mon, 15 Jun 2009 02:46:43 +0000 http://masterresource.org/?p=2498#comment-1575 My 2004 essay for PERC Reports might be of interest: http://www.perc.org/pdf/sept04.pdf My 2004 essay for PERC Reports might be of interest:
http://www.perc.org/pdf/sept04.pdf

]]> http://www.masterresource.org/2009/05/prisoners-of-math-falling-into-the-resource-fixitydepletion-imbroglio/comment-page-1/#comment-1574 Christopher Tue, 09 Jun 2009 16:04:50 +0000 http://masterresource.org/?p=2498#comment-1574 The last time I checked, the peak oilers weren't denying that structural effects have all kinds of consequences for oil prices. The question I think you and they differ on, and which you failed to address in this post, is whether or not these are fluctuations about a long-term trend dictated by physical realities. Is there a finite extractable amount of oil in the ground? Yes. Does the amount we can extract go up when the price of oil goes up? Of course. At what point does that price go high enough that it becomes dangerous to an oil-dependent economy, and when will we reach it, and will it be a new floor on energy prices, and what effects will it have on our economy? And, ultimately: will we switch to renewables fast enough? These are the questions worth asking and answering. The last time I checked, the peak oilers weren’t denying that structural effects have all kinds of consequences for oil prices. The question I think you and they differ on, and which you failed to address in this post, is whether or not these are fluctuations about a long-term trend dictated by physical realities. Is there a finite extractable amount of oil in the ground? Yes. Does the amount we can extract go up when the price of oil goes up? Of course. At what point does that price go high enough that it becomes dangerous to an oil-dependent economy, and when will we reach it, and will it be a new floor on energy prices, and what effects will it have on our economy? And, ultimately: will we switch to renewables fast enough? These are the questions worth asking and answering.

]]> http://www.masterresource.org/2009/05/prisoners-of-math-falling-into-the-resource-fixitydepletion-imbroglio/comment-page-1/#comment-1571 Peak Oil Nonsense, and Clean Energy Hooey. « American Elephants Thu, 21 May 2009 04:30:14 +0000 http://masterresource.org/?p=2498#comment-1571 [...] transportation.  Wind and solar produce some electricity, but do not power automobiles. Peak oil advocates point to declining oil production in Mexico as a sign of an imminent global peak, but ignore [...] [...] transportation.  Wind and solar produce some electricity, but do not power automobiles. Peak oil advocates point to declining oil production in Mexico as a sign of an imminent global peak, but ignore [...]

]]> http://www.masterresource.org/2009/05/prisoners-of-math-falling-into-the-resource-fixitydepletion-imbroglio/comment-page-1/#comment-1572 Andrew Tue, 19 May 2009 18:01:10 +0000 http://masterresource.org/?p=2498#comment-1572 Can I get you guys' opinion on this: http://economics.about.com/cs/macroeconomics/a/run_out_of_oil.htm Can I get you guys’ opinion on this:
http://economics.about.com/cs/macroeconomics/a/run_out_of_oil.htm

]]> http://www.masterresource.org/2009/05/prisoners-of-math-falling-into-the-resource-fixitydepletion-imbroglio/comment-page-1/#comment-1573 ZK Tue, 19 May 2009 13:13:55 +0000 http://masterresource.org/?p=2498#comment-1573 Merely two years ago these same people were forecasting the U.S. to soon proceed off a cliff in natural gas production. None of them took into account the vast quantities of shale gas that have become available as techniques have advanced. The innovation and creativity of free markets is nowhere in their models, so their predictions will invariably be left in the dust everywhere that creativity is allowed to florish. Merely two years ago these same people were forecasting the U.S. to soon proceed off a cliff in natural gas production. None of them took into account the vast quantities of shale gas that have become available as techniques have advanced. The innovation and creativity of free markets is nowhere in their models, so their predictions will invariably be left in the dust everywhere that creativity is allowed to florish.

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