Ronmac

The 'Peak Oil' Myth: New Oil Is Plentiful

anaconda, I don't think it matters that a textbook defines "peak" as half produced. In the context of peak oil it is about flow rates not reserves. I think longoil did a great job of explaining this.

As to your contention that we are now in a "moderate to quiet period of regeneration", if the regeneration does not provide the oil flows we need today, and the over 100 we need in the future, then we have "peak oil", i.e. peak flow rates and a shortage.

Same way with not being able to drill the west coast. With your slow generation rate and the delays in drilling...same thing not enough flow.

Demand destruction will help, of course, but remember those overseas consumers don't have the same (well mostly) cheapened currency that we do.

And by the way I am not a shill for anything. So don't include everyone who thinks we have reached peak flow rates as being in on the "conspiracy".

America's Energy Policy: Coming to Terms with Reality

Merger mania, barnburner, and panskeptic, it is unbelievable that you believe the other posters are "big oil apologists". None of you have a single fact. Mini-marts go out of business, but the big oil companies don't. That is supposed to convince me? Plenty of oil to meet demand? Please go entertain yourselves elsewhere, these discussions are obviously way over your heads. Most of us here are here to try and understand the energy environment so we might make some money. So "feelings" and "if the truth be known" types of arguments are simply obfuscating reality.