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Peak Oil

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July 27, 2011

Joseph Andrews and 6 other people answered this question

How do you foresee your lifestyle changing when the era of cheap oil ends?

I think oil prices will always keep going up for many years to come. We are so dependent on luxuries that unfortunately are related directly or indirectly to oil products.
My belief is that society will demand more and more of this natural resource that ... more

July 26, 2011

Dr. Jeffrey Everson published a post

United States: Past Peak OIl Production with No Credible Plan to Address It

June 16, 2011

Dock David Treece and 12 other people answered this question

Who is really to blame for high gas prices: Big Oil, Saudi Arabia, speculators or supply?

Mr. Priestley: First, if you haven't checked your oil stocks recently, you might want to give them a look. Second, I complete agree that policies need to change to encourage supply. Lastly, in addition to the numerous discoveries you named (all of which should be ... more

May 28, 2011

Arthur Berman answered this question

Does market price accurately reflect the state of oil reserves?

Oil reserves are only indirectly related to supply--what is available to use--so reserves are largely irrelevant to price. Reserves are nice but it takes a long time a lot of investment to develop reserves into supply, typically 6-10 years from discovery to first oil. Markets ... more

May 25, 2011

Kurt Cobb and 3 other people answered this question

What are signs we have/haven't reached peak oil?

Determining whether we have reached world peak oil production depends partly on how one defines oil. In the past oil has been defined as crude oil plus lease condensate (very light hydrocarbons captured and separated at the wellhead or field). Both of these are easily ... more

May 16, 2011

Anthony Steele and 1 other person answered this question

What is peak coal?

Peak coal is a theoretical maximum that coal can be produced at. It depends on the cost of coal and the willingness to bear the extraction waste. If the cost of coal rises peak coal is a long way off. more

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