[ExI] Whatever happened to peak oil by 2020?

[Stathis Papaioannou]

On Wednesday, 13 January 2016, John Clark <johnkclark at gmail.com> wrote:

> On Tue, Jan 12, 2016  BillK <pharos at gmail.com
> <javascript:_e(%7B%7D,'cvml','pharos at gmail.com');>> wrote:
>
> ​> ​
>> The world has reduced the use of oil and coal.
>
>
> ​Coal use did decline in 2015 by about 4.6%, but that is not true for
> oil. In 2015 the world burned 93.8 million barrels of oil a day, in 2014 it
> was only 92.4 and yet the price of oil went down in 2015, and by a lot.
>
> https://www.eia.gov/forecasts/steo/report/global_oil.cfm
>
> ​> ​
>> Is the world heading into a recession?
>>
>
> ​I don't know, but if we're heading into a recession it is not because
> energy has gotten too expensive, it will be because of the Chinese bubble
> and horribly run government owned companies expanding too fast making
> things people don't want or need.
>
> ​> ​
>> Is Saudi deliberately reducing the price of oil to try to bankrupt US
>> ​ ​
>> shale companies?
>> ​ ​
>> (At the risk of destroying their own economy).
>
>
> ​No.​
>
>

A large part of it is that Saudi, and other OPEC countries, have not agreed
to reduce production and support the price.


> ​> ​
>> Is the atmosphere pollution becoming too bad?
>>
>
> ​The worst air pollution is in China and India and the former USSR, and
> that is primarily caused by coal not oil. ​Putting catalytic converters on
> cars would certainly help too.
>
> ​> ​
>> Is atmosphere pollution causing catastrophic weather events?
>>
>
> Weather
>  catastrophes are no more common now than they were a 100 years ago,
> they're just different. ​
>
>
>> ​> ​
>> Is the switch to renewable energy gathering speed?
>>
>
> ​I don't see any sign of that, but I do see signs that countries like
> Britain and Germany are getting tired of spending big money on subsidies
> and signs most renewable energy companies can not exist without that
> crutch.
>
>   John K Clark
>
>
>>
>>

-- 
Stathis Papaioannou
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