Visual Relationship Between Peak Oil and Political Events

oilposter ^

[ckilmer]

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[tx_eggman]

Ever notice, through the years, that whenever these predictions are made the "peak" is always seems to be a few years out.

[RedBloodedAmerican]

The United States' "Past the peak 1970" is probably when the EPA and individual States started cutting back or stopping production. I am not certain, but thats a guess.

[ckilmer]

you pay a high enough price and there's plenty of energy. trouble is-- higher energy prices are a tax on productivity and productivity is the engine for the wealth of the people.

[martin_fierro]

[RayChuang88]

But I wonder does the author of the article assume we're not improving oil-extaction technology that much. Thanks to improved offshore production techniques that work even in very deep water and Royal Dutch Shell's recent announcement that it is possible to extract oil from shale and oil tar sands in situ without actually mining out the shale/tar sands, we could end up with a far larger oil supply than people think.

If we were to apply the type of steam injection techniques pioneered in California for the type of highly viscous oil found in that state, we could see the proven oil reserves go up by a factor of six or more!

[mission9]

EPL hit oil in the Gulf of Mexico last week at 28,000 feet.
Oil is not a fossil fuel. These estimates do not include oil shale and tar sands. Bogus pablum for the uninformed.

[ckilmer]

My favorite oil is produced by a company in Philadelphia and Missouri. The philadelphia plant converts raw sewage to diesal fuel and the missouri plant turns turkey parts into #2 diesal fuel. Here's the link With government support equal to that of ethanl they're now making a profit. But they do so now because oil is expensive.

[nuke rocketeer]

There is still a lot of oil in the 'depleted' fields. At current prices, it will be profitable to go get this oil with tertiary recovery methods.

[wbill]

We're Doomed.

Interesting, albeit completely inaccurate article that presents opinion as fact, and guesses about future oil production as definites.

Lots of pretty charts, though.

[wbill]

LOL! Did you think to include the Pittsburgh Pirates? Leaving them out mught skew your results a little.

[RightWhale]

the "peak" is always seems to be a few years out

The world peak of easy oil is not more than ten years off.

[savedbygrace]

LOL.