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92 comments on Happy Peak Oil Day?

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tommy on November 24, 2005 - 4:22am Permalink | Subthread | Comments top
I don't see any peak in the graph. And even if production drops in the following months I don't think you can call it a peak because as the graph shows clearly, production fluctuates.

Prices are high because production can't keep up with demand, but sofar I haven't seen any real evidence of a world peak, I think it is still some time away.

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p on November 24, 2005 - 4:37am Permalink | Subthread | Parent | Comments top
I gather this posting is a tad tongue in cheek. There was a Kenneth Deffeyes predicting Thanksgivings Day 2005 as the date for peak oil. A prediction which itself was a bit tongue in cheek according to Mr. Deffeyes himself.
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ericy on November 24, 2005 - 3:23pm Permalink | Subthread | Parent | Comments top

In person he would say he made the prediction tounge-in-cheek.  He then says it could be a few weeks to either side.
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ab3 on November 24, 2005 - 4:01pm Permalink | Subthread | Parent | Comments top
He made the prediction (and the error bars) based on his application of the linearization method, but both the prediction and the error bars are only as good as the data he used. If his data aren't quite complete or accurate, then neither are his results. But it's a fun idea anyway!
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coffee17 on November 24, 2005 - 10:07am Permalink | Subthread | Parent | Comments top
As has been mentioned, the peak might not be a clean peak, but rather an undulating plateau.
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Khebab on November 24, 2005 - 10:27am Permalink | Subthread | Parent | Comments top
we will probably observe peak demand before peak supply.
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Atticman on November 25, 2005 - 9:00pm Permalink | Subthread | Parent | Comments top
PEAK.....SMEAK......Our climate can't take much more of this 84 mbpd!!!
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Nate Hagens on November 26, 2005 - 2:48am Permalink | Subthread | Parent | Comments top
Why would this be>? Does Hubbertian methodology work on human consumption habits as well as oil? I think we will see A CONSUMPTION peak but not a demand peak - demand will outstrip supply after 2008 or so - forever.
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Khebab on November 26, 2005 - 11:58am Permalink | Subthread | Parent | Comments top
What I meant is that demand is growing so fast that supply growth cannot keep up but it does not mean that we are peaking  in term of production yet. We are probably reaching a plateau right now with little yearly supply growth.
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