Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Intersting Paper on World Oil Economics by a UCSD Professor
Old 10-23-2011, 02:03 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Intersting Paper on World Oil Economics by a UCSD Professor

Peak Production for U.S. Oil-Producing Regions at Oil Price

Page down to bottom of page to get link to PDF giving more detail. Basically, he feels that oil is being priced as an inexhaustable resource, and perhaps it is not truly inexhaustable.

Ha
__________________

__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-23-2011, 03:32 PM   #2
Full time employment: Posting here.
 
Join Date: Jan 2006
Posts: 899
Intellectually, I think that it is difficult to not realize the oil is an exhaustible resource unless you believe in an abiogenic origin.

However, I don't think that it is a very important factor in the current supply/demand equation.
__________________

__________________
mb is offline   Reply With Quote
Old 10-23-2011, 05:29 PM   #3
Moderator Emeritus
 
Join Date: Oct 2007
Posts: 4,929
Quote:
Originally Posted by mb View Post
Intellectually, I think that it is difficult to not realize the oil is an exhaustible resource unless you believe in an abiogenic origin.

However, I don't think that it is a very important factor in the current supply/demand equation.
Even the abiogenic fans have a problem, in that the rate at which trapped deep carbon deposits seep and convert to petroleum compounds must be lower than the rate at which we drill and extract oil.

If the rate were greater, we would observe that oil deposits are not depleted over time, as they would be replenished from the abiogenic seepage upward into the trapping dome structures, and we would be able to find new oil deposits as they formed, rather than having to explore at greater depths to strike oil as shallow deposits are exhausted and not renewed.

Abiogenic oil also fails to explain why we see carbon isotope ratios indicative of biological concentration of carbon, along with helium concentrations typical of a crustal origin. That's sort of incidental to the observed mismatch between oil formation and extraction, though.
__________________
M Paquette is offline   Reply With Quote
Old 10-23-2011, 06:30 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
 
Join Date: Jun 2006
Posts: 11,194
For those of you who are double-negative-challenged:

Perhaps it is truly exhaustible. It is easy to realize that it is exhaustible.
__________________
TromboneAl is offline   Reply With Quote
Old 10-23-2011, 09:23 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
I'm exhausted...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 10-23-2011, 11:18 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
I see that this paper has drawn many eyeball minutes. Here's an executive summary.


"Coping with a final peak in world oil production could look pretty similar to what we observed as the economy adapted to the production plateau encountered over 2005-2009. That experience appeared to have much in common with previous historical episodes that resulted from temporary geopolitical conflict, being associated with significant declines in employment and output.


If the future decades look like the last 5 years, we are in for a
rough time."
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 10-25-2011, 05:33 AM   #7
Recycles dryer sheets
 
Join Date: Nov 2008
Posts: 98
Check out the web site "The Oil Drum" if you're interested in peak oil and resource depletion topics. The future will have some interesting problems. It's possible Malthus was right....
__________________

__________________
Masquernom is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 03:50 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.