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03-16-2011 , 03:27 PM
I'll just cover from the point you stopped conceding.

Quote:
Originally Posted by TomCollins
You are assuming all energy goes away. As far as I know, even without oil, there are energy sources. The sun will still shine. The wind will still blow. Wood will still burn. Horses can still plow fields. It's just a matter of how much energy there is. Yes, in a magical world where all resources disappear, we are screwed. That's why the pricing structure is so good.
Please. That's not what I'm assuming. I'm merely recognizing that NONE of those things are remotely close to being as efficient as light crude oil. It is the greatest natural resource our species has ever found, and the very REASON for population explosion the past 125 years. And we've squandered over half of it.

Quote:
Originally Posted by TomCollins
A big LOL at bringing the financial meltdown of 2008 into this. This was an entirely predictable situation caused by screwing with the markets, not by the markets themselves. This is what will happen if your types actually had the power they wished to have, only with more deadly consequences.
Well, then I guess there's really no more to discuss, and our fundamental differences will never be bridged. You believe peak oil has nothing to do with 2008, I believe it is the very underlying root cause.

You can "LOL" at that assertion if you like, presented by me and people like this guy, but you're not really backing up your claim. Every major recession since WW2 has followed oil price spikes. This one was no different.

But, if you wanna wrap that all up with an insult, by suggesting I'm part of the movement that caused the meltdown? Well, that's where we are, and there's really no need to respond to that level of irony.
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03-16-2011 , 03:51 PM
Quote:
Originally Posted by JiggsCasey
I'll just cover from the point you stopped conceding.
Please. That's not what I'm assuming. I'm merely recognizing that NONE of those things are remotely close to being as efficient as light crude oil. It is the greatest natural resource our species has ever found, and the very REASON for population explosion the past 125 years. And we've squandered over half of it.
Sure, but saying money would not be able to co-exist with more expensive energy is silly. It certainly is unrivaled how easy it is to extract and the benefits that can be derived from it. I would take issue with saying it's the reason that the population exploded (lowering death rate, particularly in infants and during childbirth would be the primary cause). I'd also take issue with saying we squandered it. You are assuming there is an optimal rate of using it. How could you possibly calculate that? If we just assumed we needed it for 100,000 years, and used that that rate, we could have caused lowered standard of living before an alternative is found through increased technology, therefore we would have squandered our ability to use such an easy supply of energy. The market does this, it weighs our future needs against our current needs (and of course there is a time preference toward having something now than having that same thing later). And what is done in the past is done. We must efficiently manage what we have now versus projections of what we will need in the future and costs.

Quote:
Originally Posted by JiggsCasey
Well, then I guess there's really no more to discuss, and our fundamental differences will never be bridged. You believe peak oil has nothing to do with 2008, I believe it is the very underlying root cause.

You can "LOL" at that assertion if you like, presented by me and people like this guy, but you're not really backing up your claim. Every major recession since WW2 has followed oil price spikes. This one was no different.

But, if you wanna wrap that all up with an insult, by suggesting I'm part of the movement that caused the meltdown? Well, that's where we are, and there's really no need to respond to that level of irony.
Of course, to you, a cockroach entering your house is somehow the result of peak oil. You have an unhealthy obsession with it.

2008 was just a house of cards unraveling. If I build an unsustainable house of cards and a butterfly flaps its wings near it, and it topples, the cause in your mind is exclusively the butterfly (or perhaps the peak oil that caused the butterfly to migrate next to my house of cards), but really, the house was unstable and anything could have knocked it down at any point.

It's not just oil prices that spike. It's everything. It's called the boom-bust business cycle. You give everyone free money, and prices of EVERYTHING get bid up, then what people were investing in turns out to not be profitable, and businesses fail, then prices fall again. You are looking a symptom and diagnosing that as the disease.
03-16-2011 , 04:00 PM
really good posts by TomCollins itt
03-16-2011 , 04:24 PM
Quote:
I would take issue with saying it's the reason that the population exploded (lowering death rate, particularly in infants and during childbirth would be the primary cause).
I tried to find an image that would express the idea "you can't see the forest from the trees" but failed
03-16-2011 , 04:47 PM
Quote:
Originally Posted by NameOnTheCake
I tried to find an image that would express the idea "you can't see the forest from the trees" but failed

?
03-16-2011 , 05:03 PM
that'll work
03-16-2011 , 05:21 PM
Quote:
Originally Posted by TomCollins
I would take issue with saying it's the reason that the population exploded (lowering death rate, particularly in infants and during childbirth would be the primary cause).
So, medical advances have nothing to do with oil?

Also, per your "house of cards" analogy. What do you feel made the house so fragile in the first place? Was it not, ultimately, based on the assumption of ever more tomorrow?
03-16-2011 , 07:15 PM
Quote:
Originally Posted by JiggsCasey
So, medical advances have nothing to do with oil?

Also, per your "house of cards" analogy. What do you feel made the house so fragile in the first place? Was it not, ultimately, based on the assumption of ever more tomorrow?
Directly? No. Indirectly, of course.

Everything is related to everything else, so of course it has *something* to do with it. Even just obtaining enough wealth to have people spend more time researching diseases might be an effect.

The house of cards is of course the business cycle, which is caused largely by the fractional reserve banking system and Fed. Manipulations to the financial system causes people to be unable to properly calculate resource allocation problems, causing malinvestment.

I would like to see those graphs made in a logarithmic scale, since everything looks like a huge uptick when you look at exponential growth. From the looks of it, it looks like oil is following population, not the other way around. Unless you think that personal lubricants is causing more people to have sex and get pregnant.
03-16-2011 , 07:41 PM
I made a log graph of populations vs. time. Population growth was under .25% until about 1700, then it started increasing at a higher rate. It began rising at an increasing rate until it hit 1850, where it was at .58%. Then from 1850 to 1975, it increased at an even bigger rate to a high of 2.5%. From 1975 onward, it dropped dramatically, down to under 1% at the present time.

There are really 3 major points of inflection on modern times. 1700, 1850, and 1975.

Oil certainly wasn't responsible for the first one, nor was it responsible for the decrease after 1975.

A huge factor in the population increases are from longer life expectancy, which increased tremendously in the last century. A huge part of that is surviving childhood and not dying in childbirth. So why were people dying in childhood? I will grant you that not starving is a significant factor, and cheap energy made it much easier to make more food. There was the introduction of a ton of vaccines and basic medication that was able to save the lives of millions as well. How would oil play a factor in these cases?

I will grant that having oil is a huge factor in being able to support a large population along with having the quality of life we have now. But something that is a necessary condition does not mean it caused something.
03-16-2011 , 07:57 PM
Quote:
Originally Posted by TomCollins
I will grant that having oil is a huge factor in being able to support a large population along with having the quality of life we have now. But something that is a necessary condition does not mean it caused something.
Unbelievable semantics going on.
The planet could not support the six billion plus people that exist today without first the commercialisation of coal, then of oil and, more recently, gas. These energy sources have been necessary for the unprecedented population growth that has occurred over the last three hundred years. It is reasonable to assume that unless current energy resource production is increased and new resources are exploited, the population will no longer grow. And if energy resources decline (e.g. a peak in production is reached), then we may see a decline in population.http://www.energybulletin.net/node/48677
But that "doesn't mean it caused" population growth.

At first you say it "seems" oil production followed population growth, not the other way around. Odd.

Then you concede oil's role in the global food conveyor belt.

Then you question oil's role in medical advances, including vaccines.

Eight ways that modern medicine is oil dependent

Essentially, you're doing all the work, but you just won't put the puck in the empty net. It's right there for you, but you won't submit to the ultimate assertion made by your debate opponent.

Is it that difficult for you, or do you find that such a concession hampers your market cornucopia platform somehow?

Abundant fossil fuels, especially light crude oil, is why we are where we are -- an empire. Why is that so difficult to admit?

The Interrelationship between Population Growth and Energy Resources


Last edited by JiggsCasey; 03-16-2011 at 08:11 PM.
03-16-2011 , 08:09 PM
Quote:
Originally Posted by JiggsCasey
Unbelievable semantics.

At first you say it "seems" oil production followed population growth, not the other way around.

Then you concede oil's role in the global food conveyor belt.

Then you question oil's role in medical advances, including vaccines.

Eight ways that modern medicine is oil dependent

Essentially, you're doing all the work, but you just won't put the puck in the empty net. It's right there for you, but you won't submit to the ultimate assertion made by your debate opponent.

Is it that difficult for you, or do you find that such a concession hampers your market cornucopia platform somehow?

Abundant fossil fuels, especially light crude oil, is why we are where we are -- an empire. Why is that so difficult to admit?

The Interrelationship between Population Growth and Energy Resources


Because you don't read my posts?

Do you think that population was limited in growth due to energy in the past? I'd be surprised if this was the case. It actually seems to have the opposite of being true, where population rates are decreasing where there is more wealth. Children move from being an asset needed for life to being a liability, therefore people have fewer.

Birth rates have declined in the last century in many nations. It is infant mortality and life expectancy changes that have caused this.

Of course energy is involved in everything, though. I'm not saying it's not involved at all, this would be silly (another example of a JiggsCasey Strawman).

But in your world, everything, no matter how largely or little involved it is, comes back to peak oil. Hell, my dog farting would probably be attributed to peak oil. I guess because I gave her salmon skins yesterday and the salmon was transported on a truck which used oil, it means oil caused her to fart and make it smell bad. But when all you have is a hammer, everything looks like a nail, right?
03-16-2011 , 08:16 PM
Quote:
Originally Posted by TomCollins
But in your world, everything, no matter how largely or little involved it is, comes back to peak oil. Hell, my dog farting would probably be attributed to peak oil. I guess because I gave her salmon skins yesterday and the salmon was transported on a truck which used oil, it means oil caused her to fart and make it smell bad. But when all you have is a hammer, everything looks like a nail, right?
You were doing so well. And now, you've resorted to being a Kimbo.

When you're ready to get serious again, and be honest about what I've ever said, I'll return. Til then, I'll let you get back to arguing with an imaginary and exaggerated adversary.
03-16-2011 , 08:19 PM
From Jiggs' link:

Peak People: The Interrelationship between Population Growth and Energy Resources

Clear typo in that title. It should be

Spoiler:
PEEEEEEEEEEEEEK PEEPLES!!!
03-17-2011 , 03:22 AM
Quote:
Originally Posted by JiggsCasey
Shocking. ... A renowned Austrian School of economics disciple is granted a video platform to spew half-truth, asserting that market solution makes resource depletion moot -- the latter of which is a condition he doesn't really deny, instead merely insists it won't be a problem because "that's how it's always been." :rocker:

Horwitz wouldn't last 2 min. at a debate podium across from anyone of the caliber of a Howard Kunstler, Jeff Rubin, or Richard Heinberg on the topic of energy. This is a man who actually says with a straight face:
"Government can only spend what it takes from the private sector one way or another, either through taxation, borrowing, or the redistribution effects of inflation. For every dollar that government spends, there is one less dollar being spent somewhere else in the economy..."
So you can see his Straussian rhetorical fairly clearly.

He uses two examples in his presentation, one largely irrelevant (copper), and the other willfully mis-characterized (U.S. oil reserves).

The copper claim was valid, until you remember that copper isn't burned and can almost always be recycled. Further, the global economy isn't utterly based upon copper.

Then he attempted to pass off a sourceless "fact" that U.S. reserves have "grown" to over 1 trillion barrels. Presumably, he's trying to conflate heavy unconventional, technically recoverable oil-burnt-from-rock with light, sweet crude (a popular new tactic). It's light crude that has always returned 20-100 units for every 1 unit expended, a ratio which our empire is built upon. Apples to oranges much, Mr. Horwitz? How about just sourcing your graphic rather than pretend your viewing audience all just obediently laps this nonsense up? Or just be honest by admitting that the majority of that "reserve growth" is stuff that returns a paltry 3:1 ratio, at best.

This goofiness is really no different than how the establishment mis-represented and ostracized the findings of the world famous "Limits to Growth" report from the 1970s as put forth by some "crazies" at MIT.

"Look! Growth continued! Peak didn't happen, so you're wrong!" ...

Unfortunately, anyone who's ever actually read "Limits to Growth" knows the Club of Rome wasn't wrong at all, as it predicted a peak of world fossil fuel energy production for the first decade of THIS century (which looks quite accurate)... Not the 1980s, as LtG's desperate detractors tried to spin.

Cassandra's curse: how "The Limits to Growth" was demonized

Free marketeers are hard-wired to pump this ruse and pretend global oil depletion isn't real, or isn't a real problem, despite all the symptoms unfolding around the world as we speak. They're pathological about it, even. This is why they're essentially enemies of mankind.

They'll remain this way until events get so ominous that even a trade war begins, and even then they'll just switch to something else equally ridiculous that attempts to pin it all on some new isolated demon of the week (communists, terror, leftists, enrivos, etc. etc.). Perhaps we'll find out soon when the Chinese start their Treasury-bill sell-off. These Friedmanites will do whatever they have to do to avoid having to cave on an issue they've been denying will ever come to fruition. They have far too much invested in the argument at this point. They do this because the reality of resource depletion completely undermines their "consume-everything" flat earth utopia.

Technology and innovation are clearly factors that have thus-far mitigated resource depletion to varying degrees. No one denies that. The point is that this supply-demand gap grows with each passing year. You not only need to make up for dying existing capacity, but you also have to make up for exponential demand growth (see Chindia). As Dr. Albert Bartlett reminds us, every ten years, you need to find and provide as much new fossil fuel energy than has been used in all of history before said decade. Technology will not sustain that level of growth. It is WAY behind that 10-year hockey stick, and nothing is even remotely ready to take its place. There is no substitute for light crude, and there won't be any time soon.

Whenever a person trots out a new story about technological advances in regards to energy production, and feigns the "ha ha! see?" tactic ... always be skeptical. Ask him how long before said process is expected to be commercially viable and produced on a mass scale? If the source doesn't cover that aspect, it's obvious why. The answer is quite usually "decades." ... Sure, we can look to 2050 and insist technological advances will allow for 75% recovery rates and that reserve growth will soar! Whether or not that's even accurate, it's still assuming that the necessary investment will even be there in this new era of perpetual recession, and that the average consumer can even afford the new price point for the product at all.

I'm having the same back and forth on another forum with a poster who insists fission technology is the answer to everything. Essentially mini star creation, fission is the "technology of the future,"... and always will be. It was the silly basis behind Stone's "Wall Street 2." Any fluffy story you read on fission technology, if it talks about time frame at all, admits it's 30+ years from fruition for producing even a small fraction of mankind's energy needs, ... provided the necessary annual billions upon billions of dollars are poured into it all along the way.

Meanwhile, peak is here now. Nevermind 2050.

Look what is happening in the world. Are we still pretending all these nations are imploding because of a liquidity crisis and food inflation due to our mortgage bubble? LOL.



100% correct. This is as much about time as it is about dwindling supply and rising demand.

There is no margin for error anymore. That's because there is no elasticity in oil production anymore due to dying capacity up against soaring demand. Even the perception of minor supply disruption has the markets in a panic. Claims of spare capacity easing fears have died out. Even the Saudis can't guarantee pumping more when needed. They used to come to the world's rescue (see Suez, Iran v. Iraq, Gulf Wars, etc.). They can't any more.

Of course, as oil prices rise, so do food prices -- another symptom that flat-earthers deny is happening, or is a real problem. Never mind, of course that:

*The price of corn has doubled over the last six months.
*The price of wheat has more than doubled over the past year.
*The price of soybeans is up about 50% since last June.
*The price of cotton has more than doubled over the past year.
*The commodity price of orange juice has doubled since 2009.
*The price of sugar is the highest it has been in 30 years.

Horwitz happy analysis doesn't seem to cover the food/oil price symbiosis. But, turning to the proper page of the Chicago School handbook, handed out to all loyal followers, the food crisis must just be a result of Barney Frank, Jimmy Carter and that "liberal" mortgage policy here in America. Nothing deeper.
anyhow, *bump*

where is OP? i know he's been on the forums in the days since I finally was allowed to enter a thread here that was, oddly, a direct challenge to me.

Nielsio? did you have a follow up to Horowitz' brilliant piece?
03-17-2011 , 11:17 PM


http://energyfromthorium.com/

Dr. Kiki's Science Hour 84: The Nuclear Alternative
http://www.youtube.com/watch?v=vEpnpyd-jbw

Quote:
Because LFTRs operate at atmospheric pressure, they are less likely than conventional pressurized reactors to spew radioactive elements if an accident occurs. In addition, an increase in operating temperature slows down the nuclear chain reaction, inherently stabilizing the reactor. And LFTRs are designed with a salt plug at the bottom that melts if reactor temperatures somehow do rise too high, draining reactor fluid into a containment vessel where it essentially freezes.

It is estimated that 83 percent of LFTR waste products are safe within 10 years, while the remainder needs to be stored for 300 years. Another advantage is that LFTRs can use plutonium and nuclear waste as fuel, transmuting them into much less radioactive and harmful elements, thus eliminating the need for waste storage lasting up to 10,000 years. No commercial thorium reactors currently exist, although China announced a project earlier this year that aims to develop such reactors.

The main problem with energy supply systems is that for the last 100 years, governments have insisted on meddling with them, using subsidies, setting rates, and picking technologies. Consequently, entrepreneurs, consumers, and especially policymakers have no idea which power supply technologies actually provide the best balance between cost-effectiveness and safety. In any case, let’s hope that the current nuclear disaster will not substantially add to the terrible woes the Japanese must bear as a result of nature’s fickle cruelty.

http://reason.com/archives/2011/03/1...aster-in-japan
03-18-2011 , 12:10 AM
So yes, Horwitz is full of ****... Cool.

Last edited by ElliotR; 03-18-2011 at 12:47 AM.
03-19-2011 , 01:35 AM
Quote:
Originally Posted by Nielsio

http://energyfromthorium.com/

Dr. Kiki's Science Hour 84: The Nuclear Alternative
http://www.youtube.com/watch?v=vEpnpyd-jbw
Ahhh govt meddling. Is there no deeply covoluted endemic economic or political problem you can't be used to hand-wave away?
03-20-2011 , 03:47 AM
Quote:
Originally Posted by JiggsCasey
It's the volatility that keeps smart investors away.
That's exactly why you should be "trading" it. Longing it and shorting it. As somebody alluded to Jiggs I think you might be missing your calling trading CL. You understand the fundamentals. I mean you're already over halfway there if you are also keeping a close eye on the crude oil futures everyday. The next thing is to just learn some technical analysis and use your poker skills that will carry over well into trading. Anyway, I think you should atleast give it some thought.

all the best

Jup
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