tag:blogger.com,1999:blog-6522376676055666486.post4228625499911926653..comments2023-11-02T06:36:05.561-07:00Comments on Ghawar Guzzler: America's "Phantom Oil"Bloggin' Brewskiehttp://www.blogger.com/profile/06117891792945288480noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6522376676055666486.post-11613485812004999362009-07-23T14:58:25.890-07:002009-07-23T14:58:25.890-07:00You’re absolutely right about the mentality and th...You’re absolutely right about the mentality and the demographics.<br /><br />Regarding the timing, there seems to be a 20 to 30 year cycle in commodity prices, probably related to the investment and production cycle in the extractive industries.<br /><br />I suspect that doomers will be back in force around 2030-2040, dusting off their old copies of Limits to Growth and insisting that any commodity price increases are a sign of the End Times.Yogihttps://www.blogger.com/profile/04251205351977033460noreply@blogger.comtag:blogger.com,1999:blog-6522376676055666486.post-4675019547834920672009-07-23T12:19:04.534-07:002009-07-23T12:19:04.534-07:00Long-term doomers, it seems, have vested so much o...Long-term doomers, it seems, have vested so much of themselves into doomerism - intellectually and emotionally - that when data runs contrary to their zealotry, they, like any fundamentally religious counter-part (this includes all sects: Christian, Judaism, Islam, etc...), simply don't know how to cognitively think in a rationale way. Anyone who wants proof that peak oil doomerism is a religion needs to only consider this: where’s the women? Apocalyptic-driven religions have always been male-dominated; Leanan is one of the few high priestesses of the peak oil community anyone can think of, and the comments’ section of any peak oil site is filled head-to-toe with grizzled males scooping news at the trough.<br /><br />It may be a while before pessimists relive the doomers’ glory age of 2005-2008...Bloggin' Brewskiehttps://www.blogger.com/profile/06117891792945288480noreply@blogger.comtag:blogger.com,1999:blog-6522376676055666486.post-37795698599173541962009-07-23T09:16:53.198-07:002009-07-23T09:16:53.198-07:00The tendency to conflate proven reserves with ulti...The tendency to conflate proven reserves with ultimately recoverable resources has to be the most consistently irritating example of doomer misinformation.<br /><br />Proven reserve status is actually a very narrow category of mineral classification in economic geology.<br /><br />A proven reserve estimate requires both strong geological evidence of a mineral deposit AND evidence that it is economically extractable under current market conditions, with available technology, and in compliance with any relevant environmental and safety regulations etc.<br /><br />Doomers who express skepticism that proven reserves can grow over time are either being dishonest or ignorant.<br /><br />Canadian tar sands an U.S. shale gas are just two recent examples of resources that have been upgraded to reserve status for economic or technical reasons, and reserve growth from additional geological data is even more common.Yogihttps://www.blogger.com/profile/04251205351977033460noreply@blogger.com