Thread: ASPO refutes CERA Report on Peak Oil

The Association for the Study of Peak Oil today released a statement refuting an overley optimistic report by Cambridge Energy Resource Associates. You can find the link here


http://www.peakoil.net/Aleklett/Revi...t_20060808.doc

Look heres the deal and sorry I am late to respond for I have been busy. People do not know if Peak Oil exists or is a psycological myth. It is just an assumption and from my personel standpoint it is a myth created by paid enviromental scientist who want to manipulate the market to their benefit of regulating refinement and production and are against the industry and I could care less because I strive to be a part in creating wealth for myself and people who invest in something they believe in. Peak on a global scale as some would say has been predicted to no avail and the people who hypothisized this had to go back and redo or recalculate their estimations of a pre peak due to new production fields being discovered that offsets the myth of peak oil and prolongs the bell curve extending the peak. If you truly believe in peak oil as some crazed enviromental scientist would then you must know you have calculated mitigation and avoided slowed production avoiding disaster for the sake of alternative resources which means then as you prolong the peak oil from being consumed you prolong the consumtion of oil and sustain from using the reserves right? Right. Recovery rates in old fields due to technology are here now and I tell you that it will be a long time til it runs out. Depleted fields come and go but I have to say that on a global scale I cannot see any economic fallout from the so - called peak oil. Oil can be good in the short and long term and higher prices will encourage greater exploration and great investment that will drive the economy and increase reserves.The ratio between current reserves and production has improved and will continue to increase even though it was done partly during a time when there were hardly any investments due to low prices in the mid 80s. In essence you could say hypothetically that the very man himself who created the Peak Oil bell curve contributes to higher energy prices due to his theory. Its true. If people or economists on wall street believe that the Peak exists and Oil is going to fall and doom the economy then major companies and capitalists rush to invest in increased production creating higher prices and then what do you know?, a exploration company yet discovers another oilfield for consumtion that will produce for another 150 years therefore prolonging alternative energy resources and keeping them at bay. Anyway A lot more things contribute to high prices and it is the people in general of this planet and the lifestyles and differences they indulge in. The world economy cannot handle itself without oil and there is a lot of exploration for us and our grandkids to do to keep our economy moving along.

Well I have been in South Louisiana out the oilfield since friday trying to bring in an old oil well we drilled in the early 80 for ourselves and hired Halliburton saturday to do a frac on the well to boost pressure and when I got in late last night I was suprised that no one has responded to the thread while I was gone. Anyone care to subscribe their ideas to the authors post?

bump

Hmmm. My jury's out on the peak oil thing, and there have been interesting points brought up here that are worth looking into and perhaps researching before coming back with a definite debate one way or another. I'm not sure where I am on this yet, but this is worth looking into and it's worth getting a better understanding of it.
Purrs,
Pookie

There is nothing to understand. Peak Oil is a myth created by a individual that has backfired numerous times.

There is nothing to understand. Peak Oil is a myth created by a individual that has backfired numerous times.

Especially when you have Halliburton on your side.

I used to work for Halliburton. They're a little odd.
Still, if we all do our own research and go where we can ask the right questions, we will find answers.
Purrs,
Pookie