Skip to main content

View Diary: Stranded Carbon Assets: Wall St. Asking Questions (25 comments)

Comment Preferences

  •  The concept of Peak Oil holds in any case. (0+ / 0-)

    The oil production from any given source is going to follow the same pattern: increase at the beginning, a plateau, and decline.  This is true whether the source is one oil field, a state, a country or the world as a aggregate.

    What the development of these dirtier and more expensive sources may do to world peak oil is extend out the plateau but make the decline steeper.

    The Peak Oil model only holds if there are no external constraints on production (legal, political, etc.) and a continued profitable market for the product.  If political entities impose caps on carbon emissions and the falling prices of solar and wind make expensive extraction unprofitable, the Peak Oil model will not hold for the world as a whole.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site