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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (603915)	3/16/2011 5:52:28 PM
From: J_F_Shepard	Read Replies (2) \| Respond to of 1573901

"But that's probably what you meant by "running out of oil". I'll assume it was shorthand for "having much less oil at a much higher price". (If its not, let me know.)" Price is not a consideration.... And you're right, I said "running out of oil" and did not say will run out of oil. If you look at the curve, you will see that it is will approach zero asymptotically.(in math it's the horizontal line that is the asymptote but the effect is the same).....ie we will never get to zero... "they really tell us very little about future supply and demand except by luck, they are guesswork, educated guesswork at best, not real information." no not guesswork.....that curve is real production data and that's not guess work.... Oil people and other scientists and engineers know what that curve is telling us... That data covers many decades of oil production and peaks about 1972. The little spikes and dips are just noise in the curve and don't disturb the trend-line.. "If your opinion of peak oil's timing, and the pace of the fall off from the peak is correct, that oil is in a sense worth more than its current price would indicate so we have even more reason to get at it." And that's exactly what the oil guys are doing...ie making money is what's driving the oil gluttony. Serious planning for the good of the nation doesn't seem to be in their thoughts. It's a philosophy of "I'll take all I can get for myself..." and let's blame any shortage on Obama.... Do you think conservation should be part of the energy equation in the US?? It won't get us more oil, but it will make what we have last longer...