anaconda

The 'Peak Oil' Myth: New Oil Is Plentiful

To andre Sautou:
I gree with your analysis except for one HUGE assumption you make: That the energy required to produce the energy will go to a 1:1 ratio as quickly as you imply.

Corn ethanol is less than a 1:1 ratio, I think its about 1 33:1.
That's why corn ethanol is ludicrous to make.
(can only be made with government subsidies)

In the big scheme of things, ultra-deepwater, deep-drilling is still substantially over the 1:1 ratio -- I don't know the exact ratio, but oil companies wouldn't invest in it if it was less than 1:1 ratio.

Almost all hydrocarbons are over a 1:1 ratio. But admittedly some get pretty close to 1:1 ratio to the point they are marginal for economic production.

Liquid hydrocarbons -- oil and gas condensates don't fall into that category.

So your "Peak" gloom and doom, while is right on the analysis of the energy cost to produce energy, is wrong on how soon it will get there, if it gets there at all within a meaningful economic horizon. Over 30 years away and it has no impact on the economics of today.

That's what this blog commentary is about -- the economics of oil today. Not 30,50, or 60 years from today.

Go back asleep and wakeup 30 years from now and cry your "doom and gloom", otherwise you're wasting my time and more important for you -- your time.

So is pointless to "doom and gloom" about it now.