Peak Oil True Believers Are Going Through a Rough Patch
It’s been a rough week or so for Peak Oil true believers.
First, there’s the news that there is enough oil from sands (shale) to last a long, long time (somewhere between 90 and 500 years, depending on your assumptions).
Then there’s the the exciting information (HT Porkopolis) that Exxon Mobil has developed technology that reduces time required to drill oil and gas wells by up to 35%.
Could it get worse for them? Yup. Congress has for years been prevented from passing legislation enabling drilling to begin in the Arctic National Wildlife Reserve (ANWR) because of worries about having the 60 votes needed to break promised Senate filibusters. No more (HT Ace):
Until now, Democrats and a small number of Republicans have blocked the measure on Capitol Hill by threatening to filibuster. Now, proponents of drilling in ANWR are attaching such measures to federal budget bills, which may not be filibustered. This means those who want to keep the wildlife refuge free of oil rigs, roads, and heavy equipment need 51 votes in the Senate (not just 41) to block it.
That sets the bar much higher for environmentalists and their champions among lawmakers - especially at a time of sticker shock at the gas pump, hurricane- damaged refineries and drilling platforms along the Gulf Coast, and a White House headed by two former oilmen rather than President Clinton who threatened to veto such measures.
Hallelujah!
Finally, Peak Oilers who think energy prices should be much higher than those determined by market forces must be pulling their hair out over the steep drop in gasoline prices at the pump. I saw $2.11 per gallon at Sam’s Club today, down over 30% from the post-Katrina peak of over $3. (UPDATE–Cincinnati-area prices as low as $2.05 have been reported as of 6:30 PM on November 3; MORE–There’s one station at $2.00 [really $2.009 according to a station attendant] as of 7:30 PM)
At this rate, it won’t be long before Peak Oilers will be forced to search for a different sky-is-falling scenario to sneak past us.
It almost seems like bad sportsmanship to pile on with a theory relating to where oil comes from that is gaining wider credence. If (emphasis: IF) this theory, which claims that the earth’s inner layers are generating oil through chemical and biological reactions even as we speak, and in sufficient quantities to support ongoing usage at current rates by humanity, the debate is totally over. Since Peak Oilers have shown no restraint in piling on rubbish, I’ll throw in a link to an article about the book based on this unproven but interesting, and promising, theory.
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UPDATE: One reason I feel the need to hit at the Peak Oilers hard is their depressive extremism. These people have views that can be seen as outlandishly funny when they have no power or influence, but they would be horribly dangerous if they ever achieved any kind of real power. Don’t think so? Check out these posts at the PeakOil.com forums:
— “Die-Off” - Necessary or Avoidable?
— (Two unprintable words) back to the Stone Age?
— What will post Peak Oil conditions be like?
UPDATE 2: Hot diggity dog–”Senate endorses oil drilling in Alaska wildlife refuge”
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Previous Posts:
– More Real-World Evidence of “Peak Oil†Nonsense
– I’m Tired of the Oil-Price and Oil-Supply Obsessions









