Anyone remember "peak oil" few years back

same thing, if it becomes so costly most can't afford to buy it, that is the same as running out. Didn't we already go through this when China had an endless supply of human energy to build walls and canals? They never did run out of humans, but hard today to get them to build another wall. Only the very wealthy can afford that kind of labor. So for all intents and purposes, we are out of cheap labor.

 

This is the most asinine logic I have seen in quite awhile. Congratulations.

 

thank you, if you were the first one to say that I would say "congratulations" to you also. But you are just one in a long line of many. Oh well, I'll just accept your logic that oil will never run out, I will just not be able to afford it anymore. So my truck will be parked, out of gas, in the front yard and we will sit on the porch and wait. And when the rare BMW passes by I will gleefully gloat, "See! I told you "we" would never run out of oil."

 

You act as if high prices are not self defeating. Have you noticed the boon for solar energy and electronic cars in the last 5 years? You think you'll still have a gasoline or diesel powered truck when crude is trading $500/bbl? Think for a second.

 

so how is that different than running out of oil? We are just running in circles. I agree, we will never run out, but if it is out of my price range it's the same as running out. And solar is no better. I don't know that much about it, but there are certain minerals or rare earth materials needed to produce a solar panel using today's technology. And at times there is a squeeze and we compete with China to acquire them. I'm quite confident that in my lifetime we will see nuclear combines harvesting wheat in South Dakota. But just like oil, there is not an infinite supply of nuclear materials.

I've been working on a perpetual motion machine. Just about had it a few times. But then I always get stabbed in the back by friction.

 

Yep, Pickens was pushing . Remember how they said gas would go up without Keystone pipeline?

 

Now we're just getting encumbered by semantics. All I can say is technology will find a way. Always has, always will.

 

I agree, but that "way" will probably not include crude, it has peaked, just like they said it would

 

Graphene solar panels lol. If only somebody could figure out how to mass produce the stuff...

 

Look at Japan. They have become incredibly energy efficient that they have been experiencing structural decline in crude demand for the last 15+ years. Certainly their aging population is a factor, but more importantly high energy costs have driven investment in energy technologies and studies of efficiency. Eventually the world will turn a corner and crude, regardless of price, will no longer be as strategically importantly or ubiquitous to global industry. "Peak oil" is a myth peddled by the ignorant.