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View Diary: The End of Economic Growth (188 comments)

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  •  40-year lag. (4+ / 0-)

    There are a number of reasons that these new discoveries are insignificant.

    1. The magnitude of such discoveries is small compared to historical discoveries.  We peaked in discoveries in the 1960s globally.

    2. There's been a historical trend of about a 40 year lag between peak discoveries in a region and peak production in a region.  (1930s we peaked in U.S. discoveries, and peaked in production in 1970; globally discoveries peaked in the 1960s and conventional oil peaked in 2005, etc.)

    3. We've been consuming far more each year than we discover globally for the past couple of decades. - thoughts on energy, the environment, and society.

    by barath on Mon Oct 03, 2011 at 07:28:24 AM PDT

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    •  Not to mention (3+ / 0-)
      Recommended by:
      barath, SuWho, No one gets out alive

      that discovering more and spewing more and refining and trashing and recycling more is kinda killing the planet, isn't it? Isn't it true that, at least in terms of our being able to live on this planet, that petrochemicals, in the way that we use them, are causing us a lot of harm as well as good?

      Even if it were limitless, does oil work for us or against us in the way we use it? Not to mention having the United States military take over countries and plunder their people as well as their resources just so a small handful of companies can compete in the style they're accustomed to. That costs us dearly.

    •  Also (3+ / 0-)
      Recommended by:
      barath, old possum, divineorder

      These 'discoveries' are piddling small and very difficult to develop. So, you put a tremendous amount of effort into developing this painful and difficult tar sands project or whatever, only to have its output just offset by declines from traditional easy-to-exploit oil fields.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Mon Oct 03, 2011 at 08:51:31 AM PDT

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