Replacement rates and reserves are economic categories. Peak oil is scarcity economics all dressed up with nowhere to go.
----- Original Message ----- From: "Leigh Meyers" <[EMAIL PROTECTED]> To: <PEN-L@SUS.CSUCHICO.EDU> Sent: Friday, June 15, 2007 12:27 PM Subject: Re: [PEN-L] Peak oil warning > Replacement rates are a physical reality dependent on a number of > factors NONE OF WHICH are currently (or in the foreseeable future) in > favor of the petrochemical industry or it's exploration minions.. > physically, as in Shell being chased out of the Niger Delta by force, > or economically, as in cruder oil costing more to process, coming from > places where we have to supply costly security, or costlier wars, to > acquire the raw product AND pass that cost on to the consumers > personal or industrial. > > "Reserves" are a hypothetical, gerrymandered, joke of minimal global > proportion. I don't bother discussing them at all in relation to 'peak > oil'. > > Leigh > > > On 6/14/07, sartesian <[EMAIL PROTECTED]> wrote: > > Replacement rates and reserves are economic categories, dependent upon > > exploration and development, and of course exploration and development > > costs. > > > > After the overproduction and overaccumulation of the 90s, in both the > > commodity itself, in the fixed assets, and the leases for exploration, > > the oil majors reduced spending and centered their efforts on > > development rather than exploration. > > > > Anyway, while I do not think the oil is running out, that is no reason > > not to deal with the issues of waste, pollution, and destructive > > expropriation of resources. > > ----- Original Message ----- > > From: "Leigh Meyers" <[EMAIL PROTECTED]> > > To: <PEN-L@SUS.CSUCHICO.EDU> > > Sent: Thursday, June 14, 2007 1:03 PM > > Subject: Re: [PEN-L] Peak oil warning > > > > > > > It's been a number of years since the oil companies have been able to > > > produce enough at the wellhead to prevent depletion. > > > > > > On 6/14/07, s.artesian <[EMAIL PROTECTED]> wrote: > > > > Have supplies, reserves, "peaked," > > > > and no future discoveries, extensions of reserves, or > > > > new technologies to access remaining reserves (usually > > > > half the amounts actually extracted) will ever reverse > > > > the depletion? Or have supplies of the "cheap stuff" > > > > peaked? And if the latter, isn't cheap a social, > > > > not a geological, category? > > > > > > > > -----Original Message----- > > > > >From: Louis Proyect <[EMAIL PROTECTED]> > > > > >Sent: Jun 14, 2007 9:59 AM > > > > >To: PEN-L@SUS.CSUCHICO.EDU > > > > >Subject: [PEN-L] Peak oil warning > > > > > > > > > >http://news.independent.co.uk/sci_tech/article2656034.ece > > > > > > > > > >
