VK2AAB > FUEL 17.09.11 05:18l 31 Lines 1099 Bytes #999 (0) @ WW
BID : 2208_VK2AAB
Read: GUEST DK3UZ DK6IX
Subj: Economic Peak Oil ?
Path: DB0FHN<DB0FOR<DB0SIF<HB9EAS<DB0LHR<DB0ZDF<DB0LJ<DB0RES<DK0WUE<7M3TJZ<
CX2SA<VE2RXY<VK2TGB<VK2IO<VK2AAB
Sent: 110917/0222Z @:VK2AAB.#SYD.NSW.AUS.OC #:2208 [SYDNEY] $:2208_VK2AAB
From: VK2AAB@VK2AAB.#SYD.NSW.AUS.OC
To : FUEL@WW
It seems that there are two peak oil situations developing.
One is Geological Peak Oil and the other is Economic Peak Oil.
The link below is to an article by Chris Skrebowski who is the
publisher of an oil industry magazine.
The argument he presents is that as oil production grows more
expensive developed economies will not be able to afford it.
This will have the same effect as demand equalling supply with
increased prices.
However the marginal costs do not affect developing economies
to the same extent and leads to this quote from the article;
This in turn poses a terrifying question: Would this higher price
tolerance mean developing economies could keep developed economies
in growthless stagnation by paying oil prices that were just above
those that bring developed economies to an economic halt?
To fully understand the above you need to read the article.
http://www.odac-info.org/newsletter/2011/09/16
Politician test:
What do you understand to be the difference between economic and
geological peak oil ?
73 Barry VK2AAB
Read previous mail | Read next mail
| 
