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To: Win-Lose-Draw who wrote (38418)	4/24/2011 5:03:07 PM
From: axial	Respond to of 46821

EROEI: energy returned on energy invested. A simple concept with irrefutable logic, disputed ad nauseum by proponents of economic magic :) Jim

To: Win-Lose-Draw who wrote (38418)	4/24/2011 7:31:49 PM
From: Maurice Winn	1 Recommendation Read Replies (2) \| Respond to of 46821

Peak oil is a volume measure, not a dollar measure. Let's see what the volumes are like after a while at the new high prices. Plenty of people will abandon oil [on Sheik Yamani principle - the stone age ended not because of a shortage of stones and the oil age won't end because of a shortage of oil]. But even while hordes go to photovoltaics, methane, coal, noocular, wind, insulation, smaller vehicles and myriad ways of saving money, there are 6 billion and soon to be 7 billion people all wanting a piece of the action, so consumption will continue to increase, even at $100 per barrel. There is no problem with CO2 emissions, which are a benefit, not a cost [contrary to the Global Warming ideology which is failing the Popper test of falsifiability]. Warmth is good. CO2 is food for plants and therefore people. CO2 reduces irrigation requirements. Water is increasingly scarce in some places so reduced irrigation requirement is good news. Reglaciation is bad. With 2020 foresight I have predicted Little Ice Age temperatures and possibly full scale reglaciation starting 3 northern winters ago [22 October 2008] and very worrying if not indisputable by 2020. Sell cold climates, buy tropical. Parts of Libya should be idyllic in another 10 or 20 years. The Mongols did well during the medieval warming but The Little Ice Age really made life difficult in northern climes. Mqurice