The Oil Drum

154 comments on An Economist response, or is it a techie Sunday?

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BOP on April 23, 2006 - 2:43pm

. . . since demand will increase as fast as new supply can be brought online. We are opening up a serious supply/demand imbalance. Call it "Peak Lite" if you will. It will have practically the same effects as a true production peak, without the same level of panic that will accompany a production peak.

I think we need a TOD lexicon and I wish to propose that what RR describes above may better be called a Logistics Peak to distinguish it from the actual Physical Peak

I don't know who first introduced the term Logistics Peak; I do know it was not me and therefore someone else should get the credit. I do think it would help the clarity of our discussions if we distinguish between these two peak events.

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RickD on April 23, 2006 - 4:38pm

Crude Shortage or Recoverable Crude Shortage?

Rick

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Peaknik on April 24, 2006 - 3:45am

Also known as "technical peak".

Mariano Marzo, geologist and Spanish member of ASPO, talks about an iceberg. The part above water is the technical or logistical peak, plus geopolitics, that is the part every informed observer must acknolewdge is very real. The bigger part of the iceberg, hidden from view, is peak oil, the physical, geological peak. We know it exists, but unfortunately we can calculate (as with real icebergs) its size (ie: when and at what rate).