27 comments on Oilwatch Monthly - October 2007
Comments can no longer be added to this story.
| Show without comments | PDF version
27 comments on Oilwatch Monthly - October 2007
Comments can no longer be added to this story.
| Show without comments | PDF version
User login
Personnel
Editors
Contributors
Peak Oil Primers
Archives
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
Vital Trivia
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
Why would just doing crude+condensates only be considered wrong anyway as far as peak detection goes ?
NGL's do not provide anything close to the range of products derived from crude oil so they are not directly equivalent to crude and neither is natural gas for that matter.
I even question including the very heavy high sulfur crudes and tar sands without weighting. The production and refining of these is far more expensive and energy intensive than regular crudes and overall they are not a replacement for light sweet crude.
In short the key is the production of the types of crude we have built our economy around which is centralized on light sweet crude and thus the economic impact of peak oil which is what we are really interested in will follow the availability of the lighter sweeter oils.
The interesting thing to look at is how the main depressive shock started in the 1970s and then slowed down into the 1990's. For this model to truly make sense, people should buy into the fact that significant changes in oil usage occurred spanning the two decades. Clearly, up to the 1970s, consumers used oil like it was water, applying it to all sorts of what we would consider now incredibly wasteful actions. But then the conservation movement woke up, and the USA subconsciously lead the way when they realized their own supply was petering out. So the key is to buy into the possibility of that 40% dip in extraction rate from the available reserves over two decades.
I don't think NYMEX believes the EIA:
$88.50
Arkansaw of Samuel L Clemens