The Saudis Are Lying About Their Oil Production?

Re:The Saudis Are Lying About Their Oil Production? by credit_guy on Tuesday September 24, 2019 @08:21PM (#21066239)

Peak oil is nonsense. All resources on Earth are finite. What’s special about oil? Why not peak aluminum or peak concrete or peak cobalt?

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Re:The Saudis Are Lying About Their Oil Production? by dragonwriter on Tuesday September 24, 2019 @08:25PM (#21066265)

> Peak oil is nonsense

No, it's not.

> All resources on Earth are finite. What’s special about oil?

Nothing; it would be special if it was an extractable resource and didn't have a peak where utility vs. cost of extraction meant that extraction declined from the peak.

> Why not peak aluminum or peak concrete or peak cobalt?

Aluminum and Cobalt, as extractable resources, will probably also have extraction peaks.

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Re:The Saudis Are Lying About Their Oil Production? by dboreham on Wednesday September 25, 2019 @12:53AM (#21067714)

The earth's crust is 8% Aluminum.

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Re:The Saudis Are Lying About Their Oil Production? by dragonwriter on Wednesday September 25, 2019 @12:55AM (#21067722)

But not all of it is equally easy to extract. In any case, yeah, “peak aluminum” is far more distant than peak oil.

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Re:The Saudis Are Lying About Their Oil Production? by credit_guy on Thursday September 26, 2019 @12:16AM (#21078101)

Here’s Hubert’s peak oil projection and the actual oil production in the US.

https://en.m.wikipedia.org/wiki/Predicting_the_timing_of_pea...

Now there are multiple schools of thought, but one of them holds that when reality diverges so much from theory as in this plot, it’s time to question the theory.

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