sstaurus wrote:
Yeah, I think I've concluded that while it may already be happening, the depletion of Oil will take time. As it happens, we'll be forced to become more and more efficient in using it, and hopefully set up some infrastructure for alternatives before most of it runs out.
I just hope scrambling for the last bit of oil doesn't start WW3, seems we may be heading down that road already...
That's more or less what I posted when this topic came up last time.
The big problem with this guys theory is that he (deliberately?) mixes "peak oil" and "out of oil" freely as he describes what will happen.
Peak oil is something that is "immediate". It certainly costs us a bit more each year to drill for the same amount of oil. Where the exact "peak" is no body can really say. He's right on that count.
However, when he talks about the problems he's usually quoting folks who are talking about "oil shortage", which is not the same thing at all, and is not nearly as immediate as peak oil.
As he goes down the list and dimisses each alternative fuel source, he uses two primary criteria:
1. They cost to much to produce, so they aren't efficient enough.
2. It would take too long to build the infrastructure changes needed to implement thm.
This doomsday theory works if you assume that peak oil and oil shortage are the same. However, his own definition simply states that peak oil is the point at which it steadily becomes more expensive to acquire oil. It specifically does not mean that there's not enough oil to satisfy global needs (that's scarcity of oil, or "oil shortage").
As we hit and pass peak oil, the cost per barrel of oil will increase. At some point, that increase in cost will make issue number 1 not an issue anymore. We don't use those alternatives simply becuase they currently cost more then oil. Once oil prices increase to a point that the alternatives are cheaper, we'll start using them.
Same issue with number 2. While peak oil is relatively immediate, oil shortage is a good while down the line. I'm pretty confident that as oil gets more expensive to aquire, the power producing companies will find alternatives and implement them. The infrastructure will slowly move from oil to other sources as that time passes.
It's just extremely unlikely to be a disaster. His other big problem is he assumes that oil companies are in the business just to sell oil. That's not true. They are in the business of providing fuel (power). Oil, currently is the most cost effective medium for moving power from one place to another. Once other sources become more efficient, you can bet that the "oil" companies will switch to whathever gives them the most profit. If they can make money building solar plants and selling the electricity generated by them, you can damn well bet that's exactly what companies like Exxon will do.
In this case, the desire to make money is what will push alternatives down the line. He assumes it'll happen the other way around. I just don't believe that oil executies are going to sit there and sell that last barrel of oil and then just close business because it's all gone and the worlds going to end. That's a ludicrous assumption IMO. Nope. They'll be branching out into other areas long before oil becomes scarce enough to affect profits.