Comments on: CERA Official Acknowledges “Peak Oil is Here”

By: Peak Oil = Peak Demand? :: ASPO-USA: Association for the Study of Peak Oil and Gas

Thu, 11 Jun 2009 17:26:50 +0000

[...] a news item appeared on the front page of this website with the headline “CERA Official Acknowledges “Peak Oil is Here”. Unfortunately, this report was a little [...]

By: Iconoclast421

Iconoclast421 — Thu, 11 Jun 2009 16:16:30 +0000

By saying it was economic/geopolitical factors rather than geologic factors, what Burkhard is really saying is that if the economy didn’t collapse from plateaued oil production, then oil production would not have plateaued. Seriously. Jim Burkhard is a freakin genius at doublespeak. We need to ask Jim Burkhard how high does he think global crude oil production would have risen if the economy hadnt cratered. 77mbpd? 85mbpd? 99mbpd? lol

Keep in mind that if the economy was roaring any hotter in 2007/2008, oil prices would have shot up even higher, leading to the exact same type of collapse. And we know the lack of supply was not due to lack of investment, because investment had gone parabolic the last 5 years.

By: Sun Wangmin

Sun Wangmin — Thu, 11 Jun 2009 13:28:06 +0000

I agree Mr.Anderson’ viewpoint，peak oil is about the Peak Oil Supply, not demand. Because in the future, if there are enough oil reserve to supply, human will use more oil to sustain the world economy growth.
So we should know that whether CERA have agreeed that Peak Oil supply is here?

By: LB

LB — Wed, 10 Jun 2009 20:31:33 +0000

this is a stunning turnaround, why is it not in the news?

By: Bart Anderson

Bart Anderson — Wed, 10 Jun 2009 19:55:09 +0000

Thanks for the report on CERA. I can’t make any sense out of it, though. According to the report, “CERA maintains its position that the reasons for US liquid fuel demand having peaked are economic and geopolitical in their nature.”

As you know, peak oil is not about peak demand. It’s about peak supply.

Would you ask Scott Pugh what, if anything, Jim Burkhard said about peak supply? I assume he means that greater investment would lead to greater oil production, but demand and prices are too low to encourage the investment, despite IEA’s and IMF’s warnings of higher prices to come soon.