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To: Win-Lose-Draw who wrote (38434)	4/25/2011 3:34:53 PM
From: axial	Read Replies (1) \| Respond to of 46821

WLD, Hubbert's peak oil theory was propounded without reference to price: Hubbert DID address the economic consequences of his theory: "Our principal constraints are cultural. During the last two centuries we have known nothing but exponential growth and in parallel we have evolved what amounts to an exponential-growth culture, a culture so heavily dependent upon the continuance of exponential growth for its stability that it is incapable of reckoning with problems of nongrowth." While one can infer pricing consequences and interaction with EROEI, Hubbert's theory was indeed a volume prediction: a forecast of depletion. en.wikipedia.org en.wikipedia.org Jim

To: Win-Lose-Draw who wrote (38434)	4/25/2011 4:58:41 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 46821

My point about CO2 is that Peak Oil is affected by many things and a popular worry in recent decades has been CO2. It isn't a problem and I was explaining why Peak Oil won't be affected by CO2 political action. Reglaciation is more of a worry than CO2 production. As you point out, price pushes production around [up and down]. CO2 worries would too [for example by huge carbon taxes cutting oil sales]. My predictions are Peak Oil and Peak People both in 2037 with the oil peak being related more to alternatives and reduced demand due to declining population than lack of crude oil to drill and produce. Alternatives to oil include moving to warmer climates and spending time in Cyberspace instead of inside SUVs and airliners, as well as increased efficiency in use of energy. A faulty idea about oil is 'Gosh, if everyone in the world has an SUV and roars around freeways like us, the demand for oil will be huge'. Not everyone wants one and also, times change and what's considered a good thing to do changes too. Paradigm shift happens. When shift happens, people do different things. Burning oil is so last century. Al Gore does it, jetting off with his second chakra to CO2 jamborees in exotic locations, with lots of ladies and lunch, but some of us are moving beyond petroleum. Mqurice