Latest peak oil news

[davelj]

[quote=Arraya]
So oil peaking, world wide, is an observation rather than a theory. [/quote]

These folks at Cambridge Energy Research Associates clearly don’t think oil peaking is an “observation.” They’re still in the “theory” camp, and they believe it’s a bad one at that. (This article has graphs and everything!)

http://www.cera.com/aspx/cda/public1/news/pressReleases/pressReleaseDetails.aspx?CID=8444

I believe that CERA is headed by Daniel Yergin, the guy that wrote “The Prize: The Epic Quest for Oil, Money, and Power,” which I read back in the ’90s (and has little to do with “peak oil,” but I digress). Anyhow, I don’t know if Yergin has some agenda or axe to grind. Furthermore, I hate playing “Pit the Experts Against One Another” on topics in which I have little knowledge.

Nevertheless, clearly many “experts” don’t believe a lack of oil is going to lead us to near- or intermediate-term Armageddon. Having said that, someone’s going to have to be wrong in this debate. I don’t have the expertise to know who. But, then again, neither do you (although I doubt you’ll acknowledge it).

[Rich Toscano]

davelj, you are correct, peak oil is absolutely not accepted as fact by all experts. But I would note that CERA is famous for their optimistic view on oil production (not to mention their dismal forecasting record). They come across to me as the NAR of oil forecasting.

To be clear, I realize that you weren’t endorsing the views of CERA, and that you were just rebutting the “observation vs theory” statement — I just couldn’t help taking a shot at CERA.

rich

[Rich Toscano]

davelj, you are correct, peak oil is absolutely not accepted as fact by all experts. But I would note that CERA is famous for their optimistic view on oil production (not to mention their dismal forecasting record). They come across to me as the NAR of oil forecasting.

To be clear, I realize that you weren’t endorsing the views of CERA, and that you were just rebutting the “observation vs theory” statement — I just couldn’t help taking a shot at CERA.

rich

[Rich Toscano]

davelj, you are correct, peak oil is absolutely not accepted as fact by all experts. But I would note that CERA is famous for their optimistic view on oil production (not to mention their dismal forecasting record). They come across to me as the NAR of oil forecasting.

To be clear, I realize that you weren’t endorsing the views of CERA, and that you were just rebutting the “observation vs theory” statement — I just couldn’t help taking a shot at CERA.

rich

[Rich Toscano]

davelj, you are correct, peak oil is absolutely not accepted as fact by all experts. But I would note that CERA is famous for their optimistic view on oil production (not to mention their dismal forecasting record). They come across to me as the NAR of oil forecasting.

To be clear, I realize that you weren’t endorsing the views of CERA, and that you were just rebutting the “observation vs theory” statement — I just couldn’t help taking a shot at CERA.

rich

[Rich Toscano]

davelj, you are correct, peak oil is absolutely not accepted as fact by all experts. But I would note that CERA is famous for their optimistic view on oil production (not to mention their dismal forecasting record). They come across to me as the NAR of oil forecasting.

To be clear, I realize that you weren’t endorsing the views of CERA, and that you were just rebutting the “observation vs theory” statement — I just couldn’t help taking a shot at CERA.

rich

[briansd1]

[quote=davelj]
What’s kind of interesting is that in my reading I saw that the largest deposits of shale oil in the world are in Colorado – like half of the known global deposits, or something like that. It would be interesting if in 20 years or so, assuming oil prices are much higher than they are now on a real basis (a good bet, I’d say), Colorado became a major player in the oil industry and supplied a large portion of domestically-consumed oil.[/quote]

That’s very interesting indeed. I think the Denver area for the next couple decades may see better growth prospects than San Diego, thanks to high-tech and energy.

[briansd1]

[quote=davelj]
What’s kind of interesting is that in my reading I saw that the largest deposits of shale oil in the world are in Colorado – like half of the known global deposits, or something like that. It would be interesting if in 20 years or so, assuming oil prices are much higher than they are now on a real basis (a good bet, I’d say), Colorado became a major player in the oil industry and supplied a large portion of domestically-consumed oil.[/quote]

That’s very interesting indeed. I think the Denver area for the next couple decades may see better growth prospects than San Diego, thanks to high-tech and energy.

[briansd1]

[quote=davelj]
What’s kind of interesting is that in my reading I saw that the largest deposits of shale oil in the world are in Colorado – like half of the known global deposits, or something like that. It would be interesting if in 20 years or so, assuming oil prices are much higher than they are now on a real basis (a good bet, I’d say), Colorado became a major player in the oil industry and supplied a large portion of domestically-consumed oil.[/quote]

That’s very interesting indeed. I think the Denver area for the next couple decades may see better growth prospects than San Diego, thanks to high-tech and energy.

[briansd1]

[quote=davelj]
What’s kind of interesting is that in my reading I saw that the largest deposits of shale oil in the world are in Colorado – like half of the known global deposits, or something like that. It would be interesting if in 20 years or so, assuming oil prices are much higher than they are now on a real basis (a good bet, I’d say), Colorado became a major player in the oil industry and supplied a large portion of domestically-consumed oil.[/quote]

That’s very interesting indeed. I think the Denver area for the next couple decades may see better growth prospects than San Diego, thanks to high-tech and energy.

[briansd1]

[quote=davelj]
What’s kind of interesting is that in my reading I saw that the largest deposits of shale oil in the world are in Colorado – like half of the known global deposits, or something like that. It would be interesting if in 20 years or so, assuming oil prices are much higher than they are now on a real basis (a good bet, I’d say), Colorado became a major player in the oil industry and supplied a large portion of domestically-consumed oil.[/quote]

That’s very interesting indeed. I think the Denver area for the next couple decades may see better growth prospects than San Diego, thanks to high-tech and energy.

[Nor-LA-SD-guy]

[quote=briansd1]
That’s very interesting indeed. I think the Denver area for the next couple decades may see better growth prospects than San Diego, thanks to high-tech and energy.[/quote]

Gee briansd1 Sounds like you should move there.

[Nor-LA-SD-guy]

[quote=briansd1]
That’s very interesting indeed. I think the Denver area for the next couple decades may see better growth prospects than San Diego, thanks to high-tech and energy.[/quote]

Gee briansd1 Sounds like you should move there.

[Nor-LA-SD-guy]

[quote=briansd1]
That’s very interesting indeed. I think the Denver area for the next couple decades may see better growth prospects than San Diego, thanks to high-tech and energy.[/quote]

Gee briansd1 Sounds like you should move there.

[Nor-LA-SD-guy]

[quote=briansd1]
That’s very interesting indeed. I think the Denver area for the next couple decades may see better growth prospects than San Diego, thanks to high-tech and energy.[/quote]

Gee briansd1 Sounds like you should move there.

[Author]

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