Conventional Wisdom, Unconventional Oil

Guest Post by Willis Eschenbach

There’s a discussion over at Judith Curry’s excellent blog, about peak oil. I find the whole madness surrounding peak oil to be one more example of our human love for warnings of future disaster. Few people want to hear that tomorrow will be OK, that things will work out. Instead, most folks want to hear some terrible story about what tomorrow holds, whether it’s peak oil or climate meltdown or the coming ice age. Go figure.

conventional oilFigure 1. Conventional oil leaking out of the ground near McKittrick, CA.

One part of the discussion of peak oil that has always bothered me is the division of oil into “conventional oil” and “unconventional oil”. Here’s why I think that division makes no sense with regards to peak oil.

I’ve lived through much of the whole peak oil deal, which near as I can tell has turned into a half-century-long goat roping contest. During the earlier years, people were shouting that the oil would run out, that the top would be very soon now, we’d hit the peak and by gosh, at that point things would turn ugly. Of course, that still hasn’t happened, so the peak oilers were left with the question pondered by failed doomcasters throughout history, viz:

How the heck do I explain the cratering of my position and still maintain some shred of my reputation?

For the peak oil folks, salvation came in the form of “unconventional oil”. Now, we’re assured, oil is still running out, so they were right all along … You see, they say, King Hubbert was right, we’re running out of conventional oil, but as it runs out it is being seamlessly replaced by “unconventional oil”, so we still have oil even though we’re running out of oil. Got it?

The strange part is, when you open a barrel of unconventional oil to see what conventions were broken in its creation, you find it is indistinguishable from conventional oil.

What is unconventional oil? Well, we could start by considering the conventions regarding oil. For literally billions of years the convention was that oil was found in small pools and seeps like you see in Figure 1. Indeed, the discovery of oil in Oil Creek, Pennsylvania, the site of the first US oil well, came about because oil had been seeping out there for untold centuries, and had been known and utilized by the Early Asian Immigrants in the area before the later arrival of the melanin-deficient crowd.

So conventional oil, by ancient hallowed convention handed down through the millennia, is found in tar pits and oil seeps on the surface. Which means that people being so rash as to drill for oil, by definition, would be pumping up “unconventional oil” … but of course, life is not that simple.

As a result, “conventional oil” is not from the conventional method of dipping it up in a bucket from a seep, but by the decidedly unconventional and at that time unheard of method of drilling a hole in the earth to get it to come out …

Things went along just fine like that for years. Then “secondary recovery” methods started to come into use. These were a variety of physical and chemical methods used to squeeze more oil out of existing fields, including fracturing the rock to allow the oil to come out more easily.

Now, about this time, the whole “peak oil” story started to go south, because no matter how much peak oilers howled there was more oil discovered every year. Every year the proved reserves just kept growing. And that process has continued to this very day, with more proved reserves than ever. How were the peak oilers to explain it? Hey, “unconventional oil” to the rescue!

oil will peak in 2012

For example, thinner oils were “conventional”, but thicker, more tarry deposits, despite having been utilized by humans for centuries, were “unconventional” oil, so they weren’t counted regarding the peak.

The real laugher, however, the place where you can see the gears stripping, involves the “conventions” about fracturing the rocks to allow more oil to come out, what we call “fracking”. The fracturing technology was developed about forty years ago, and has been used ever since, mostly for secondary recovery. And for all those decades the oil coming from the fractured rocks has been “conventional oil”. But now people have learned to drill wells horizontally and fracture them … and now suddenly after forty years of fracturing the rock, which gave “conventional oil” when it was done from vertical wells, fracking now only delivers “unconventional oil” simply because the drill hole goes horizontally instead of vertically … does this make any sense to anyone?

The classification of oil from fracking as “unconventional oil” shows clearly the ludicrous nature of the dividing line when we are discussing peak oil. Regarding the putative peak, why is oil from a horizontal well “unconventional” and oil from a vertical well “conventional”? It is all gotten by technology, and none of it is any more “unconventional” than the drilling of the first oil well, a most unconventional act …

Calling oil from horizontal wells “unconventional” is crucial for the peak oil folks, however, because if the oil from fracking were classified as conventional oil, the “peak oil” claims and the “peak gas” claims would sink of their own weight …

Look, folks, the ugly truth is that the world is awash with fossil fuels. To start with, The largest single concentration of fossil energy on the planet is the Powder River coal formation in the Northern US. The world has several hundred years worth of coal. The Canadians have huge amounts of oil … of course it too is called “unconventional” oil, because it alone is enough to blow the “peak oil” claims out of the water. Plus now we have the “tight oil”, oil in the rocks that is, of course, unconventional.

Then we have the discovery of the shale gas resources all around the planet. Even Israel finally has some domestic energy resources. How unconventional is that? Australia just announced a huge find. China has massive gas resources. A preliminary assessment says including shale gas we have enough gas for the next couple of hundred years.

And finally, we have the wild card, the methane hydrates, the “ice that burns”. Estimates of the amount of these are all over the map, but all of them share one feature—they are very, very large, on the order of quadrillions of cubic feet. This is rivals the size of the global natural gas resource …

methane hydrates

Finally, most of these forms of fossil fuels occur in combination and can be converted into one another. Coal, for example, can be converted to a liquid fuel, or to a gas.

Now, because there never was anyone hollering about “peak coal”, there’s no such thing as “unconventional coal”, despite huge changes in mining technology. Coal mining has changed as much or more than drilling for oil … so why isn’t there “unconventional coal”?

But in that case, since all of the coal on the planet seems to be “conventional” coal, if we convert coal to oil, are we making “conventional oil” or “unconventional oil”? Presumably it would matter whether we converted coal to oil horizontally or vertically …

In summary, once you get past the nonsense of “conventional” and “unconventional”, there’s enough coal and gas for a couple hundred years, and enough oil for a hundred years, just with what we know about now, and that’s not even counting methane hydrates. Which is why I pay no more attention to the peak oil alarmists than I do to the climate alarmists. One group claims we have too much oil and we’re gonna burn it all, the other group claims we’ll soon have too little oil to burn, and I treat those two impostors just the same.

Was the division between “conventional” and “unconventional” oil devised to cover up the failure of the peak oilers? No way. The distinction is useful in a variety of ways for analyzing the world of oil sources. I think that the concept was simply appropriated by the peak oilers because it was very useful to them, since it totally obscured the failure of their peak oil predictions. To me, oil is oil is oil, and if you claim the world will run out of oil, you can’t later say that you have redefined things, and that the oil that proves your prediction wrong is some other special kind of oil that doesn’t count as oil but walks like oil and quacks like oil …

w.

… Oh, yeah, the weather report. Late night again, two AM. The wind has changed and is blowing from the southwest, landcasting the fog and the smells of the ocean. The characteristic sea smells of iodine and dimethyl sulfide in the fog draw my thoughts back, back to the many mornings I spent getting out of bed here on the hill at 4 am and going down to the harbor, rigging the boat and setting out in the dark to have the commercial fishing gear in the water for the dawn salmon bite. Sliding out of Bodega harbor in the half-light with my gorgeous ex-fiancee and my good friend, once again motoring between the rock jetties at the harbor entrance, going out to discuss matters of life and death with the ocean. I love the ocean because it doesn’t give a damn about a man’s position and his power and his pretenses. Knowledge and experience mean nothing to the ocean. After a life at sea, if I put one foot wrong, I get just as wet as the landlubber falling off the dock … I take pleasure in that ultimate equality and justice of the ocean. I know that even if it is a California ocean it would kill me without first asking me to share my feelings, so leaving the safety of the harbor is always sobering moment …

rock and the hard place

… sneaking out between Bodega Rock and Bodega Head itself, the little shallow passage the fishermen call “between the rock and the hard place”, where once my heart almost stopped with fear, or at least it started with fear, but other emotions got involved. The channel there is shallow, the sport fishing boat “Mary Jane” was capsized in 1986 with the loss of nine souls by a sneaker wave, “full fathom five thy fishermen lie, of their bones are coral made” …

So when I heard a wave break right behind our little fishing boat one afternoon as we were coming in between the rock and the hard place, my first thought was that we were about to join the folks from the Mary Jane.

We spun around, and aaaah, dear heavens, it wasn’t a breaking wave at all, although a wave was breaking, instead it was my old friend Missus Fishbreath breaking the surface just behind the boat, and breaking my heart with the slow-moving stillness of her majestic beauty, a great gray whale dancing her way three thousand miles from the tropics to Alaska. As we turned and gaped, we were looking her right in the eye, and then she rolled our way and opened her blowhole so close to the boat we could almost look down it, it was as big as a dinner plate, we were close, close enough to count the barnacles clinging to her hull, she was the very picture of natural wildness and glorious beauty and unimaginable power, my heart leapt to see it  … and she blew out a great cloud of gagging mist, a noxious enveloping adherent miasma reeking of the million vanished piscatorial souls of her most recent month’s meals, a clogging, thick effluvium that enveloped the boat and then drifted away to leeward as the lovely lady disappeared beneath the waves …

… leaving me in the strangest condition imaginable, with the boat wandering off course, my jaw hanging down to my umbilicus, a pulse rate well into the triple digits, adrenalin-shocked, awed beyond words, smelling like the dumpster behind a cheap fish restaurant, blasted by the natural beauty I had just witnessed, and uncertain whether I was going to vomit or not, but tending toward the former.

I’m not jonesing to visit that particular emotional place again, once was enough for any man. And on a cold night like tonight, I’m glad I’m not rolling out at four am. I fished the Bering Sea as well, and these days I’m just as happy to see the bergy bits and watch the Bering ice on the “Deadliest Catch” TV show from the safety of my couch  … but ah, dear friends, mostly I’ve just moved my ocean madness to warmer waters, and I wouldn’t have missed it for rubies and pearls …

Sports and gallantries, the stage, the arts, the antics of dancers,

The exuberant voices of music,

Have charm for children but lack nobility; it is bitter earnestness

That makes beauty; the mind

Knows, grown adult.

A sudden fog-drift muffled the ocean,

A throbbing of engines moved in it,

At length, a stone’s throw out, between the rocks and the vapor,

One by one moved shadows

Out of the mystery, shadows, fishing-boats, trailing each other

Following the cliff for guidance,

Holding a difficult path between the peril of the sea-fog

And the foam on the shore granite.

One by one, trailing their leader, six crept by me,

Out of the vapor and into it,

The throb of their engines subdued by the fog, patient and

cautious,

Coasting all round the peninsula

Back to the buoys in Monterey harbor. A flight of pelicans

Is nothing lovelier to look at;

The flight of the planets is nothing nobler; all the arts lose virtue

Against the essential reality

Of creatures going about their business among the equally

Earnest elements of nature.

Robinson Jeffers saw it … when you read those lists of famous last words, nobody ever says “I wish I’d spent more time at the office”. Don’t mail the envelope in, push the envelope, the journey will end long before any of us wish it to. Live your most impossiblessed dreams, my friends, because any other kind is just a dream. Chance the widdershins steps of the tarantella, lift the ancient curses and look under them for old coins and lost loves and dust bunnies with a vest and a gold pocketwatch, opt for an immediate increase in the uncertainty levels, stay away from the world of adrenalin deficit spending, hold your dearest warm under your heart while you dare the icy seas of life, for the night is assuredly coming …

My very best wishes to all, I’m off to sleep.

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February 2, 2013 5:57 pm

“If you disagree with something I said, quote it and tell me why I’m wrong.”
I didn’t say you were wrong just that you don’t present peak oil arguments well. They don’t go around shouting about an impending apocalypse, they say that we won’t produce any more ‘conventional’ oil than we do now. As you point out all this means is that people move to alternative energy sources (or unconventional oil as you describe it.) You just group all the different energy sources together, and there is no problem with that.
It’s easiest just to think as ‘Peak Oil’ as only conventional oil though as you point out different sources of energy can be converted to the same thing or equivalent.

Toto
February 2, 2013 6:06 pm

[…] one more example of our human love for warnings of future disaster. Few people want to hear that tomorrow will be OK, that things will work out. Instead, most folks want to hear some terrible story about what tomorrow holds, whether it’s […]

Zombies. And vampires. And aliens from space. At least according to Hollywood.
In the good old days, the future was going to be wonderful. I guess that didn’t work out.
The real question is which comes first: collapse of our civilization or we run out of oil. I’m guessing we’ve passed peak civility. There may be another higher peak later, but right now we are on a slide.

bones
February 2, 2013 6:08 pm

greymouser70 had it about right about conventional/unconventional oil. There needs to be another thing noted about it. The primary value of crude oil lies in its use as a transportation fuel. It is a common practice, but highly misleading, to add natural gas liquids to the “oil production” numbers. Ordinary crude oil and condensates are transportation fuels. Natural gas liquids are not. With that distinction, world crude plus condensate production was stuck at about 74 million barrels per day 2005-2011 while prices doubled. It is now up to about 76 million barrels per day, due primarily to recent increases in Iraq, Russia and the U.S. Production should continue to increase in the U.S. for another three or four years, but that does not necessarily mean that the world oil production rate will increase because production from older conventional fields is generally declining. All of the pie in the sky baloney about the U.S. becoming self sufficient in transportation fuels is just that – baloney. Expectations of lower prices are also baloney. Prices are set by the marginal barrels on the market. Those come from unconventional sources that are uneconomical to produce at lower prices. We may or may not be on the verge of peak oil, but we have probably passed “peak cheap oil”.
One last item of interest is that production from wells in the Bakken, Eagle Ford and other shales and from “tight” formations tends to decline very rapidly. If the drilling of new wells ever slows down, there will be an immediately felt decrease in overall production rate. This is very different from the circumstances at the time the world’s old giant oil fields were developed. Call it a “Red Queen Effect”, where you have to run as fast as you can to stay in the same place.

SMC
February 2, 2013 6:13 pm

Meh… Whatever. I busy raising my BAC so I can survive another trip to the wonderful KSA.

policycritic
February 2, 2013 6:15 pm

From The Globe & Mail, 2007. No longer available, but I copied it. According to Wikipedia (OK, just this one time) “Neil Reynolds is an Ottawa writer whose columns on national economic issues appear in Wednesday’s and Friday’s Globe and Mail.”

‘Peak oil’ doomsayers fall silent as reserves grow ever larger
theglobeandmail.com | 11/04/07 | NEIL REYNOLDS
[Original URL: http://www.theglobeandmail.com/servlet/story/RTGAM.20070411.wrreynolds11/BNStory/Business/home%5D
OTTAWA — You will have noticed the marked decline these days in the number of “peak oil” people making cataclysmic pronouncements. Global oil production set records throughout 2006 — for all-time highest production day, month, quarter and year. For the single-year record, production reached 31.3 Gb (billion barrels), an average of 85.2 million barrels a day. Affirming the trend, production set a new global single-day record before the end of January, 2007.
Along with record-setting production came record-setting increases in reserves — moving “peak oil” deeper into the century and ultimately beyond.
The “peak oil” hypothesis, relentlessly propounded for decades, holds that the world has passed (or will momentarily pass) the highest point it can ever reach in oil production — at the halfway mark in the depletion of global oil resources. It holds that this imminent peak necessarily marks the start of an irreversible decline in production. It holds, in other words, that the end of oil is nigh. The principal problem is that the hypothesis is demonstrably wrong — and is vigorously proven wrong year after year.
In 1979, the “life-index” of global oil reserves was calculated as 35 years — suggesting, superficially, that known oil reserves could support the current level of production only through 2007. In 2003, after decades of accelerated production, this index had risen to 40 years. It has now risen further to 45 years — moving us safely through mid-century. Indeed, the record-setting oil production last year marked the umpteenth consecutive year that “peak oil” theorists have found it necessary once again to run the numbers and once again to postpone the end time of oil.
It was in 1989 that Colin Campbell, the prominent Irish champion of “peak oil,” proclaimed that the global peak had already occurred — a declaration he found it expedient, almost immediately, to amend; “peak oil,” he said, would instead occur in 1995. He now opts for 2010. Yet global oil production, since 1989, has risen by 20 per cent (13.8 million barrels a day), global oil supply by 28 per cent (18.9 million barrels a day).
The production records set last year were significant for a number of other “peak oil” prophets, including Marion King Hubbert himself, the American geophysicist who devised “peak oil” analysis in the mid- fifties and who accurately predicted that U.S. oil production would peak in 1979. In 1956, he determined that global oil would peak “in about 50 years” — in other words, 2006. At the pinnacle, he said, the world would consume 12 Gb of oil a year.
In 2004, Mr. Campbell increased this number, almost doubling it, to 23 Gb. For his part, Texas oilman T. Boone Pickens has held that oil would peak at 30 Gb — a level exceeded last year.
Yet the world’s most comprehensive measure of oil resources keeps right on growing — higher, yes, but at a faster pace as well. TrendLines, the Canadian statistical research company, confirms this assertion in its February report on URR — “ultimate recoverable reserves.” In an analysis of optimum reserves, TrendLines concludes that the world’s URR is now increasing, depending on the period you select for comparison, at twice or thrice its historical pace. From 1957 through 2006, it says, URR grew at an average annual rate of 2.4 per cent.
From 1979, it grew at an average annual rate of 4.2 per cent. From 2000, it grew at an average annual rate of 6 per cent. “Peak oil” prophet Mr. Campbell, TrendLines says, has underestimated the actual rise in URR by tenfold.

In 2000, the U.S. Geological Service (USGS) calculated that global URR would increase by 2.4 per cent a year for the foreseeable future — rising from 1,669 billion barrels in 1995 to 3,345 billion barrels in 2025. (A billion barrels — one Gb — is roughly the amount of oil that the U.S. keeps in its Strategic Petroleum Reserve.) “Peak oil” proponents dismissed the USGS analysis as impossibly optimistic. As with all apocalyptic manifestations, peaks must necessarily be imminent. Yet the forecast has proven significantly understated.
Driven by smart technology, global URR now increases each year at unprecedented rates. It has now (December, 2006) reached 3,288 Gb, not far off the USGS calculation for 2025. It increased last year by 114 Gb, compared with a historical annual average increase of 47 Gb. Sustained at this rate for another 20 years, the world’s ultimately recoverable oil could increase by another two-thirds to 5,568 Gb, or three times the resource when “peak oil” proclamations began. Assuming consumption of 30 Gb a year, this URR could sustain production for something approaching 200 years. Once again, the end is not nigh.

Doug
February 2, 2013 6:15 pm

E.M.Smith says:
As talking with folks who are mind-blind and mind-deaf is hard, I’ll not bother pointing out the various things wrong with the biotic theory of oil origination for ALL oil.
========================================================================
Please, continue to explain how theoretical geochemistry of Titan is a better analogy for California hydrocarbon generation than the “mind blind” hard data in the USGS paper, or any other of the hundreds of papers on California petroleum geochemistry. On this planet, a solid case has been made for 99%+ of our oil being generated by biologic processes. Abiotic oil is sort of like CAGW, once people apply the scientific method, they find the answers.

u.k.(us)
February 2, 2013 6:16 pm

I gotta give you this, Willis, you sure know how to start a war.
I’ll now read the 2nd half of your post, in fact, I can’t wait to read it.
It looked interesting as I scrolled past.

johanna
February 2, 2013 6:17 pm

bones said:
“Ordinary crude oil and condensates are transportation fuels. Natural gas liquids are not.”
—————————————————
That’s strange. Our taxis and buses, and some private cars, have been running on LPG for years.
Would that be “unconventional gas”, then?

policycritic
February 2, 2013 6:27 pm

Is the fact that oil might be abiotic verboten on this thread?
NPR interview with Dr. J.F. Kenney:
http://web.archive.org/web/20111025151824/http://www.gasresources.net/Kenney-NPR.mp3
The Earth and Atmospheric Sciences Dept. University of Alberta (Edmonton) October, 2012
“Organic Carbon on Mar is Abiotic”
http://www.accn.ca/index.php?ci_id=3478&la_id=1

MojoMojo
February 2, 2013 6:32 pm

Oil price didnt change so much, if you consider the US Dollar devalued.
Gold was about $300 when oil was at $20.
Today gold is about $1800 and oil is $100.
Our currency has taken a beating.
Buy your gas with gold and its about the same as it ever was.

MojoMojo
February 2, 2013 6:43 pm

Actually I recall oil at $13 when gold was $300.
Bush Sr made a deal with the Saudis to keep it at 13 until after the election.
I bought oil futures because I knew it.
Made a pittance(should have been able to retire with that knowledge) ,but I was correct in my prediction.
Opec meeting had been scheduled immediately after the election and oil went from $13 to $20 instantly.

Björn
February 2, 2013 6:44 pm

In Estonia which has a fairly large deposits of oil shales , there where attempts to extract burnable fuel from them as early as in the last decades of the 18 century and off and on througout the 19 century. and at least some people there knew it could be done more than 150 years ago. But it dit not turn into a real industry until somwhere around 1920, and now almost a century later 90% of the country’s power genaration is fuelled by this source as well as their cementproduction , and if there are still any railway lines there the trains are most likely running on diesel refined from shale , and a majority the buildings are most likeley heated heated by fuel oil that comes from the shale pits. Try telling the that they are using “unconventional fuels” , my guess is that their reaction would be to put up their best innocent face and ask “are there other type of fuels?”. Less than a decade ago the werey actually the wordls largest user/producer of hydrocarbon products derived from oil shale. Check the wikpedia entry for ” Shale oil in Estonia” if you want more detail.

February 2, 2013 6:45 pm

“TimTheToolMan”
some observations.
I did not see you say 2004 was a peak. If I had seen you say that I would quote your words exactly. I find it funny when some people demand to be quoted exactly, but they turn around and refuse to offer the same to others. just weird.

John F. Hultquist
February 2, 2013 6:55 pm

Willis,
That’s a good essay. I agree completely.
I was raised 32 miles from that first oil well and had an uncle that in the 1950s was still wildcatting in western PA. Another uncle worked a tank line where he would tend the oil being pumped into small wooden tanks from several old wells. I sometimes went with him and got to turn a handle or two that would drain the water from beneath the oil. My mother always timed those visits during the time I could dig a bag of leeks from off that hillside. Between the smell of oil ($$) and leeks (??) we had to shower in the basement before being allowed in the kitchen.

Editor
February 2, 2013 7:00 pm

Willis – re your reply to me http://wattsupwiththat.com/2013/02/02/conventional-wisdom-unconventional-oil/#comment-1215085
You say “you think that saying that peak oil is a “terrible story” is somehow a straw man.
Peak oil has been beaten to death by the environmental movement in order to try to raise the price of oil and discourage people from using it. That is not a straw man, it is the environmentalists pushing a tale of future gloom and doom to advance their own interests.
“.
So, it’s not a part of the sane scientific “Peak Oil” discussion, it’s a beat-up by environmentalists trying to turn a sober subject into a scare-mongering campaign. That makes it a straw man in the sane scientific “Peak Oil” discussion.
You say “And I assure you that I do [know what peak oil is] [it means] peak production rate“. And you say “If you have a substantial point in there, Mike, I’m sorry but I couldn’t find it. Maybe if you boil it down to the essence and try again.“.
OK. I didn’t think it was all that hard to find in what I said:
Peak Oil is the point at which annual oil production, for whatever reason, ceases to increase.
1970 was the US’s Peak Oil. US oil production peaked in 1970 at a level 44% above the 2011 level.
Peak Oil occurs when energy demand increases are all satisfied from energy sources other than oil. [NB. Wording change. My original wording was poor.]
The world’s Peak Oil might not be all that far away, because rising oil prices are making alternatives to oil (coal, gas, etc) more competitive. [That wasn’t stated in those exact words but it was stated, as in “IMHO, we have reached or are about to reach that point” where “that point” obviously referred to the previous sentence.]
In other words:
We are at or near the world’s Peak Oil.
It should be a non-event. But it’s still Peak Oil.

Ed_B
February 2, 2013 7:03 pm

It was obvious to me that peak oil meant higher prices. That is how I made my investments work. I simply bought cheap oil and waited. The biggest risk that I feared was that the USA was going to put in place a giant fuel tax to slow demand growth. In those years(1999 to 2004) I used to watch in amazement as 19 year old kids would go get a hamburger in a giant 4 X 4 , leave the windows open, AC on,and munch away. Life was too good. Oil was being wasted. I projected that the USA would have to reduce consumption to 15 million bbls a day by 2015 for the world to be adequately supplied. Adequately means at a price that was affordable. I figured that price was under $200 a bbl. It turns out I was wrong. The economy ran out of gas at $150 a bbl. The 15 million per day is being gradually approached though, as we dropped from 21 mm down to 19 or so. Fuel switching is growing quickly though, so when more trucks are using NG we will get to 15 mm per day.
The Hubbert curve is working. We have had a long plateau of conventional production at about 73 million bbls a day. Yes, we have NG liquids and unconventional boosting it to 90 mm, but that does not undermine Hubbert. My proof is that Shell just reported spending 25 % more and conventional production is shrinking slightly. To me that spells big trouble. They are spending more and getting less. Hubbert pointed out that the conventional elephant plays were disappearing.
Willis, i really like your work on your thermostat hypothesis though. That to me rates right up there with Hubberts work, different field for sure.

February 2, 2013 7:04 pm

Mosher writes “I find it funny when some people demand to be quoted exactly, but they turn around and refuse to offer the same to others. just weird.”
Thanks Steve. I think Willis has it in for me following some of our heated discussions on other topics. On the whole, I love his work but he is a difficult man to debate with objectively.

u.k.(us)
February 2, 2013 7:33 pm

Mike Jonas says:
February 2, 2013 at 7:00 pm
—
I can’t believe you made me read that whole post, only to finish up with this:
“It should be a non-event. But it’s still Peak Oil.”
==============
Take you pick, non-event/peak.
You can’t call it both ways, ask any bookie.

johanna
February 2, 2013 7:56 pm

Kipling is not much read these days, and almost never outside the UK and former colonies. So, for the benefit of readers, the reference I mentioned was from his famous poem “If”:
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
http://www.kipling.org.uk/poems_if.htm
[Thanks, Johanna. Ah, yes, I remember now, I did toss that into the post, you were good to pick it up … -w.]

February 2, 2013 7:58 pm

Willis writes “So what are you doing stepping in in favor of Ed’s claim that the peak was in 2004?”
Where did I step in to support Ed’s claim of peak oil happening in 2004? Please quote me to support that accusation.
I posted in response to the graph you posted and very explicitly stated that we production may increase slowly for a while yet. Hubbert’s graph has a rapidly increasing part (we’ve seen that) and a flattening (the data shows production flattening despite drivers that ought to have shown more increase IMO) followed by a downwards part.

Grey Lensman
February 2, 2013 7:59 pm

Possibly the greatest post ever by Willis.
Nails peak Oil, Catastrophic Man Made Globull Warming and Mass Bed wetting in one single clean shot.
For about the last 60 years, we have suffered peak Oil every passing day.. Its a global business that depends upon balancing demand and supply, and the folks that do it are pretty smart. Its a natural state, bit like sun rise.
The bed wetters wail about the PRICE, ignoring that it is fake, produced in a fake non deliverable, fake market. Then cooked with taxes ( LOL subsidies for Watermelons) and political actions.
Fact is as time progresses, we find more and more ways not to find oil but to mix it blend it, alter it. Just look at the transport liquids mix available now. Gasoline, Ethanol, LPG, CNG, Methane and GTL fuels.
I believe, the Chinese started producing oil by drilling about 2,000 years ago.
As they explore more, they find areas of sea floor covered in oil, and also covered in stuff feeding on it. A vital part of the global food chain.

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