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22 comments on BBC Newsnight mentions peak oil

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doctorbob on April 26, 2006 - 3:56am Permalink | Subthread | Comments top
The first graphic shows a peak - as far as can be seen from the scale - at about 2011.  It's more or less the current ASPO graph.  The second graphic based on $75/bbl oil suggests that about 2.5 times as much oil per annum would be available.  Where is this going to come from!?  This would surely take $trillions of investment in tar sands, oil shales, etc., and cause massive environmental damage.  Even then, most projections don't suggest it would get anywhere near this level.  

It looks to me like more wonky cornucopian economics of the "nothing to worry about" type.

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Jenks on April 26, 2006 - 5:21am Permalink | Subthread | Parent | Comments top
Even more worrying than doctorbob's observation is that they seem to have miraculously 'created' about 3 times as much oil between the 1st chart and the 2nd chart.

If you assume that everything below the line is recoverable crude oil.

The other nonsense from charts like that is that the price can NEVER stay still. The first chart shows the cheap oil staying cheap - right down to the last drop.

If these graphs were meant to pacify / re-assure / placate or otherwise throw people off the scent, then it has certainly failed!

I do wonder why 'old Paxo' didn't pick up on it though - he is a bright guy...

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22 comments on BBC Newsnight mentions peak oil

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