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Old Posted Mar 19, 2010, 7:39 PM
echinatl echinatl is offline
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Join Date: Jun 2007
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Quote:
Originally Posted by dante2308 View Post
I disagree. Peak oil is actually probably behind us. Right now demand is far lower than supply. Here is a report you may find interesting:



I think the shock of $147 barrels of oil radically changed the outlook for oil consumption. Our outlook for oil consumption in 2016 is actually drastically lower than it is today.

Transit is not the "only" method to combat peak oil. The technology exists for cars to have nothing to do with oil in the first place.
Any data that shows peak oil is behind us from a global perspective? I'm not as concerned with US consumption as I am with India's, China's and maybe someday Africa's. I actually just read this today: http://green.autoblog.com/2010/03/18/kuwaiti-study-conventional-oil-to-peak-in-2014/ From what I've read we're near a peak when it comes to easy to pull out of the ground oil. There is a ton of oil out there, it just costs more to get it depending on how hard it is to get to. I have no doubt there is technology out there to make cars not reliant on gas, but it takes a long time to get everyone switched over to the new tech, the same with building alternative methods of transit such as rail. It takes time to build it. Also what if Iran goes crazy and oil shoots back up to 4-5 bucks a gallon. It just seems that it makes sense to get started on some of these other projects BEFORE we're in emergency mode.
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