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Originally posted by mrjonesvich321Peak oil doomsdayers fail on one GIGANTIC point.
http://www.lifeaftertheoilcrash.net/
(Apologies for this, couldn't make the link work, and yes, I checked the FAQ, and I still couldn't get it to work.)
I'm afraid it's all too real.
They assume 2% increase in the rate of oil consumption every year. This will not happen. Just look to the US for an example. Oil consumption is actually going down. Consumers are switching from huge SUV's to smaller fuel effecient cars. Car companies will be unveiling hybrid and electric vehicles that will slash the consumption of gasoline by more than half if cars like the chevy VOLT are a sucess when it is introduced in 2010.
Consumption will slow. Market forces will ensure this.
Let's get back to reality.
Originally posted by zeeblebothow do you figure they'll be able to pay for gas at 10 bux/gallon???
chinese are stepping off their bicycles. and there are a lot more coming.
Look, you cannot have massive oil usage increases and also have oil price increase also.
When you drive the price of oil up, you will drive usage down. Simple economics.
Hybrid vehicles will extend the life of the oil supply even further because they won't need as much gas.
Originally posted by uzlessi doubt that they're paying 10 bux / gal for gas OR diesel, or that they have many hybrids.
how do you figure they'll be able to pay for gas at 10 bux/gallon???
Look, you cannot have massive oil usage increases and also have oil price increase also.
When you drive the price of oil up, you will drive usage down. Simple economics.
Hybrid vehicles will extend the life of the oil supply even further because they won't need as much gas.