Peak Oil Nonsense
Page 3 of 3
Page 3 of 3 • 1, 2, 3
Confirmation bias on the cause and implications of Peak Oil
The myopia of peak oil proponents...
To: Ugo Bardi <bardi@unifi.it>
Subject: Confirmation bias on the cause and implications of Peak Oil
http://www.financialsense.com/contributors/ugo-bardi/2011/07/22/entropy-peak-oil-and-stoic-philosophy-part-2
Prof Bardi,
Apologies this is hastily scribbled and thus full of grammatical and spelling errors, and may be insufficiently organized for coherence.
Regarding your article linked above, you show a simplified closed-system thermodynamic model of the economy, input resources, and waste. It shows that when the resources fall below the waste, the economy peaks.
I would like you to note that peak oil whale oil production may not have coincided with a peak in the available supply of whales in the ocean, but rather the onslaught of cheap petroleum oil.
Thus it is not rational to assume that a peak in oil production is caused by a peak in oil in the ground (or even the EROEI to mine it), and that it is causing a peak in the economy, unless you can prove it. It could very well be the tail that is wagging the dog, i.e. that peak debt (runaway fiat and socialized systems without significant depression for 80 years) has misallocated exploration and development capital, and thus we may not know the what the supply is in the ground. Also the potential political corruption to hinder exploration for and/or to hide true supply figures (in either positive or negative direction as both have an impact on market feedback into exploration) that such a peak debt causes, and the fact that oil is the most nationalized major resource on earth.
And we don't know if some technology is about to replace oil. For example, if doubled fuel efficiency on travel from 22 mpg in USA (which consumes 25% of world's oil) to say 44 mpg in China with bullet trains, efficient diesels, smaller cars, electric cars, etc.., coupled with an west that won't be able to afford to travel soon as the bankruptcy contagion spreads, thus drastically reducing oil consumption and possibly replaced with a new jobs paradigm of "virtual commuting" on the internet.
Certainly I am envisioning millions of more programmers and new thermodynamic model of knowledge interaction within the next few years with my work:
http://copute.com
Best regards,
Shelby Moore III
To: Ugo Bardi <bardi@unifi.it>
Subject: Confirmation bias on the cause and implications of Peak Oil
http://www.financialsense.com/contributors/ugo-bardi/2011/07/22/entropy-peak-oil-and-stoic-philosophy-part-2
Prof Bardi,
Apologies this is hastily scribbled and thus full of grammatical and spelling errors, and may be insufficiently organized for coherence.
Regarding your article linked above, you show a simplified closed-system thermodynamic model of the economy, input resources, and waste. It shows that when the resources fall below the waste, the economy peaks.
I would like you to note that peak oil whale oil production may not have coincided with a peak in the available supply of whales in the ocean, but rather the onslaught of cheap petroleum oil.
Thus it is not rational to assume that a peak in oil production is caused by a peak in oil in the ground (or even the EROEI to mine it), and that it is causing a peak in the economy, unless you can prove it. It could very well be the tail that is wagging the dog, i.e. that peak debt (runaway fiat and socialized systems without significant depression for 80 years) has misallocated exploration and development capital, and thus we may not know the what the supply is in the ground. Also the potential political corruption to hinder exploration for and/or to hide true supply figures (in either positive or negative direction as both have an impact on market feedback into exploration) that such a peak debt causes, and the fact that oil is the most nationalized major resource on earth.
And we don't know if some technology is about to replace oil. For example, if doubled fuel efficiency on travel from 22 mpg in USA (which consumes 25% of world's oil) to say 44 mpg in China with bullet trains, efficient diesels, smaller cars, electric cars, etc.., coupled with an west that won't be able to afford to travel soon as the bankruptcy contagion spreads, thus drastically reducing oil consumption and possibly replaced with a new jobs paradigm of "virtual commuting" on the internet.
Certainly I am envisioning millions of more programmers and new thermodynamic model of knowledge interaction within the next few years with my work:
http://copute.com
Best regards,
Shelby Moore III
SmartGrid meters - Total control over our lives
And now you see that it started with King Hubbert, who also created this Peak Oil lie to help bring about this control:
https://www.youtube.com/watch?v=ul5oQ3wbstQ#t=723s
Peak Oil was a lie put in your heads by the elite, so they can put SmartMeters in all your homes and control everything you do.
I told you, I told you, I told you.
Never believe that God didn't put all we needed here naturally.
There will be those that say this helps our progress, but they ignore this:
https://goldwetrust.forumotion.com/t9p540-inflation-or-deflation#4521
https://www.youtube.com/watch?v=ul5oQ3wbstQ#t=723s
Peak Oil was a lie put in your heads by the elite, so they can put SmartMeters in all your homes and control everything you do.
I told you, I told you, I told you.
Never believe that God didn't put all we needed here naturally.
There will be those that say this helps our progress, but they ignore this:
https://goldwetrust.forumotion.com/t9p540-inflation-or-deflation#4521
peak oil data says...
Rational.
Except that I don't trust data where the industry is nearly 100% nationalized.
And besides it is an irrelevant strawman, because if we had free markets in energy then the free market would have found what ever is the necessary next paradigm, whether it be shale, coal-to-liquids, natural gas, safe solid salts cooled self-contained nuclear, thorium instead of uranium, breeder reactors, etc.
>> So now you see Hubbert and Peak Oil lie was part of the conspiracy plan.
>
> If the massive volumes of data on oil production are accurate, and I
> assume they are, then the situation is one where the elites knew peak oil
> production would be reached eventually and they decided to create a crisis
> by using globalization in a way that rapidly (almost exponentially)
> increased demand and thus accelerating the tipping point to a catastrophic
> outcome. The catastrophe magnified by the fact that virtually every
> economy and all major sources of food production are now dependent on oil.
> This would explain the geopolitical priority of controlling all aspects
> of oil production. This is why they created Al Qaeda and are still
> funding Islamic radicals, to have an excuse to wage endless war in the
> Middle East to finally subdue the last holdouts to the NWO.
>
> Hubbert did accurately forecast the peak of U.S. oil production and even
> Woods refers to him as a "brilliant geophysicist". Hubbert must have been
> in the Fabian Socialist camp and the the derision of his model by Big Oil
> reflected the fact that Big Oil was represented by the fascists - the
> Fabians and the fascists were still distinct and not actively merging at
> that time.
Except that I don't trust data where the industry is nearly 100% nationalized.
And besides it is an irrelevant strawman, because if we had free markets in energy then the free market would have found what ever is the necessary next paradigm, whether it be shale, coal-to-liquids, natural gas, safe solid salts cooled self-contained nuclear, thorium instead of uranium, breeder reactors, etc.
>> So now you see Hubbert and Peak Oil lie was part of the conspiracy plan.
>
> If the massive volumes of data on oil production are accurate, and I
> assume they are, then the situation is one where the elites knew peak oil
> production would be reached eventually and they decided to create a crisis
> by using globalization in a way that rapidly (almost exponentially)
> increased demand and thus accelerating the tipping point to a catastrophic
> outcome. The catastrophe magnified by the fact that virtually every
> economy and all major sources of food production are now dependent on oil.
> This would explain the geopolitical priority of controlling all aspects
> of oil production. This is why they created Al Qaeda and are still
> funding Islamic radicals, to have an excuse to wage endless war in the
> Middle East to finally subdue the last holdouts to the NWO.
>
> Hubbert did accurately forecast the peak of U.S. oil production and even
> Woods refers to him as a "brilliant geophysicist". Hubbert must have been
> in the Fabian Socialist camp and the the derision of his model by Big Oil
> reflected the fact that Big Oil was represented by the fascists - the
> Fabians and the fascists were still distinct and not actively merging at
> that time.
Obama using EPA to illegally shut down coal plants
http://www.infowars.com/enviro-nazis-seize-power-infowars-special-report-w-alex-jones/
I didn't have time to go verify the accusations, but if true, this is more evidence that all this "peak" propoganda is part of a plan by TPTB to reduce supply, eliminate competitors, increase profit margins, and accomplish the impoverishment necessary to obtain the world government objective.
I didn't have time to go verify the accusations, but if true, this is more evidence that all this "peak" propoganda is part of a plan by TPTB to reduce supply, eliminate competitors, increase profit margins, and accomplish the impoverishment necessary to obtain the world government objective.
Suburbia dying, but its not because of peak oil
I learned some of this from SRSrocco. He wasn't entirely wrong. He is just wrong about technology in general.
http://esr.ibiblio.org/?p=3689#comment-320432
Shelby wrote:
http://esr.ibiblio.org/?p=3689#comment-320441
http://esr.ibiblio.org/?p=3689&cpage=1#comment-320503
http://esr.ibiblio.org/?p=3689#comment-320432
Shelby wrote:
Fully connected mesh networks are thermodynamically inefficient. Nature prefers the hub-and-spoke, i.e bifurcating tree like the internet and mass transport topology.
Ditto suburbia is economically inefficient. So with the coming debt defaults, I think we will see the end of suburbia and it will be more profitable to provide wireless service only big cities and mass transport. Outliers will pay much more. I think I had read that asian carriers, such as in Philippines are much more profitable, because the population density is so much higher, and they roll out high-end technologies only in the major cities, on a lag from the western world, as the technology gets cheaper.
http://esr.ibiblio.org/?p=3689#comment-320441
@Andy Freeman:
Low population density has lower economies-of-scale for just about everything, efficiency of errands, roads, transportation, electric grid, parks & playgrounds, service businesses, etc.. All all the infrastructure has to be maintained, and much of the infrastructure in the USA very old and crumbling. Suburbia was subsidized by federal money for highways as an extension of FDR’s New Deal politics after WW2, which made USA highly dependent on oil for transportation. There was always a political incentive to create more highways, because those with land along the routes would see the value of their land instantly jump by 1000%. This was fueled with debt, which is now coming due. We will have a reversion to mean towards densification, with the coming debt contraction. Many of those houses built in this housing bubble, will be left to pasture.
P.S. I don’t believe in AGW nor “peak oil” frauds. All of the world’s oil production is nationalized, so I don’t trust the data on reserves nor the incentive for exploration.
http://esr.ibiblio.org/?p=3689&cpage=1#comment-320503
Suburbia continuing forever would be perpetual motion.
@LS:
I disagree that USA can continue to subsidize the "country". Many didn't object to collectivist highways, FHA, Freddie Mac, etc.. while the dollar was the reserve currency making it possible to borrow from the rest of the world. But that is not sustainable, and we've reached the actuarial limit, especially given our population age pyramid contains a boomer bulge reaching the "scale down" and "move closer to conveniences" age. Including regulatory capture, I discussed via email with the statistician MW Hodges that the total govt share of the national income is likely north of 75% in the USA (if we had complete data) and provably north of 50% (with limited available data), or perhaps 90+% on an actuarial basis (but we don't have data to prove it).
My personal thought is suburbia appears to be a idealized lovefest with the agricultural age, sans the agricultural economy (local production of food) an that would sustain it. Idealized because profitable agriculture involves lots of mud, because it is not cost efficient to concrete all the pathways. Those who want to live in the country will either have to subsidize themselves, or do agriculture. Apparently the FDA and Monsanto are determined to monopolize agriculture.
I don't view this as a bad outcome, rather a necessary optimization of specialization. Cities are more dynamically interconnected and superficially social. And the country will still be there for those who want to pay for it or who want to escape that technology hum.
@Andy Freeman:
Could you make a specific economic case where suburbs are more efficient?
I was expecting this response:
Efficiency depends on what you want
If everybody could have what they want, then no one would be rich, and the world would be perfect without the concept of cost nor thermodynamics. Apologies for the forceful reply, but it is an absurd delusion that violates all science, to assert that efficiency is correlated with desire. Refute my link please.
Major cost of suburbia is not fuel
http://esr.ibiblio.org/?p=3689&cpage=3#comment-321003
Local implementation of the end of property rights and the role of peak oil, global warming
http://esr.ibiblio.org/?p=3689&cpage=3#comment-321030
Fuel is not the major cost of suburbia, which each person can verify as percentage of their family expenses. The major cost of suburbia is the lower economy-of-scale and costly duplication of everything, restaurants, fire departments, parks, electric/internet/cable/wireless grid, sewers, drainage, roads, infrastructure maintenance, etc.. Refer to the data I presented in my prior reply to Bob.
“Peak oil” does not translate to peak hydrocarbon motor fuel
Also, CNG or LPG can power any existing car with a $1000 conversion kit, Honda offers a CNG Civic, many fleets have already been converted, and Chesapeake is installing 1000 fueling stations now.
There will never be a shortage of hydrocarbon, because it is integral to the Carbon cycle of the earth. Carlin understood.
I think "peak oil" is another lie promulgated by the same interests that gave us the AGW lie, e.g. we find out yesterday that Venezuela has more oil than Saudi Arabia. For those into conspiracy theories, King Hubbert who first promulgated the peak oil theory, created (listen to 16min) Technocracy, Inc. in 1933, whose purposes was to replace the free market system with one top-down controlled by technical experts. Sound familiar to AGW? Now we see EPA with aid of POTUS executive orders shutting down coal plants due to the bogus AGW "global warming threat", without any enabling law other than an arguably unconstitutional overreaching of executive branch powers.
@Winter: This might convince you of Germany's vulnerability.
Local implementation of the end of property rights and the role of peak oil, global warming
http://esr.ibiblio.org/?p=3689&cpage=3#comment-321030
I am trying to get a workable model for what appears to be major paradigm shift for the world.
I am listening to a roundtable discussion (some PhDs) about property rights and the local implementation of global Agenda 21, and it contains some data points that were new for me. I am skeptical of their perspective in the sense I don't want to be a victim of irrational fear-mongering (which is what they claim is being used). If anyone is interested in this, perhaps they could share their analysis of its relevance or irrelevance, if any, to current state-of-affairs with suburbia, debt crisis, and the economics thereof that may be forcing monopolization of industry in general. I haven't worked it all out in my mind yet in the sense of having irrefutable data and testing all sides of all hypothesis, so I hesitated to share it, but it is also somewhat more informative than any other roundtable on property rights I remember.
I suppose I would want to test the theory that this is a natural outcome of the decline of the industrial age, as vested interests who are incapable of transforming their antiquated industrial capital to the knowledge (software) age, are naturally resorting to politics to force the value of their capital, which results in zero-sum game theory that drags humanity down with the evaporation of their progressively useless capital. I welcome anyone who wants to point out that I am being overly dramatic, and instinctively I want to view this as a great honor to be a small part of the open source age, perhaps with software (and the freedom-of-information spread that is deriving from it) being the only or a significant way to lead humanity out of such a morass. Okay I let you all fire away and I won't be hurt by your candor.
Karl Denninger on Thorium
http://market-ticker.org/akcs-www?post=194280
Also Thorium doesn't produce the hellish dangerous plutonium, and weapon's grade material.
We can replace all of the imported fuel we use for transportation without increasing our coal consumption at all over present levels. Best of all not only do we have lots of thorium that we've "thrown away" in the ash pile of existing coal plants coal itself contains enough thorium to self-fuel the reactors on a forward-going basis as well!
That is a path that has a five hundred year expected lifetime at expected population growth rates in the United States (about 1% a year) given our proved reserves and does not require increasing existing consumption of the given resource -- including the coal -- since we're replacing the electrical generation we now do with coal at the same time we use the coal for synfuel feedstock. As such it will not trash the existing market demand picture. It is a technology that we know will work with the remaining engineering challenges (and there are some!) all being known quantities. The big hurdles are political
Also Thorium doesn't produce the hellish dangerous plutonium, and weapon's grade material.
As I have often stated or written, we have peak "cheap oil", not peak oil
http://silverstockreport.com/2011/peak-oil-peak-silver.html
Oil will peak when we find an alternative fuel, not before.
Oil will peak when we find an alternative fuel, not before.
Nuclear Could be Safe, and Solar is Bankruptcy
http://www.marketoracle.co.uk/Article32859.html#comment145963
Shelby wrote:
Shelby wrote:
DCarson, in all due respect, scientists can design safe nuclear plants, there are already sealed ones designed by Toshiba that get buried and use solid sodium salts and thus can't melt down. Also it is probably the case that we could use Thorium and have must less dangerous by products, but the military establishment doesn't want that, because they want the weapon's grade material.
In short, we don't have a free market in nuclear. TPTB are controlling the quality they want us to have.
As for uneconomic energy such as solar, even at $4 per watt system cost, it can't compete with coal and other forms of energy. Even if you pay as high as 20 cents per kilowatt-hour, you will be lucky to average 5 hours per day of full power out of your panels (net of all electrical losses of which there are numerous factors, go to windsun.com), so that is $4 per 5 x 365 / 1000 = 1.8 kilowatt hour per year. So that means you will recover the cost of your panels in $4 / $0.20 = 20 years, which exceeds their usable lifetime, not to mention batteries which die in 5 years.
And if you had invested that same money for 20 years, it would be several times in value.
Investing in solar panels is bankruptcy, and this will be evident once the debt subsidy of the central banks is removed and the western profligacy evaporates.
Page 3 of 3 • 1, 2, 3
Similar topics
» Global Warming Nonsense
» Inflation or Deflation?
» Stocks vs. Precious Metals vs. Bonds vs. Real Estate
» Is Capitalism or is Socialism increasing?
» What Is Money?
» Inflation or Deflation?
» Stocks vs. Precious Metals vs. Bonds vs. Real Estate
» Is Capitalism or is Socialism increasing?
» What Is Money?
Page 3 of 3
Permissions in this forum:
You cannot reply to topics in this forum