Peak oil and ireland

Oldblood · 18-10-2015 10:14pm #1

It seems that the entire global economy is slowing down and oil prices are dropping. While the drop in oil prices might look like a good thing, there is a problem that is documented by actuary Gail Tverberg who summarises the issue on her blog called our finite world .stating that the low oil prices are a symptom of a poor economy as it is down to people not being able to participate in the economy. Now, we are in a feedback loop where prices go below production which leads to peak oil so I thought I would ask.how you would view Ireland's prospects in this world. Are we doomed to become a.wasteland or will our lives.just be.****tier

libelula · 18-10-2015 11:08pm

I think I'll have eggs for breakfast tomorrow.

Banjo String · 18-10-2015 11:09pm

libelula wrote: »

I think I'll have eggs for breakfast tomorrow.

What way?

I like em poached.

Badly Drunk Boy · 18-10-2015 11:16pm

Lads, with the current oil situation, you can't put all your eggs in one basket. Put them in three. Or maybe a frying pan.

Avatar MIA · 18-10-2015 11:17pm

Banjo String wrote: »

What way?

I like em poached.

I like mine sunny side up, fried in peak oil

dinorebel · 18-10-2015 11:17pm

Would fry the eggs myself seeing as how oil is so cheap.

Banjo String · 18-10-2015 11:21pm

dinorebel wrote: »

Would fry the eggs myself seeing as how oil is so cheap.

I'd get my butler (Royston) to fry mine.

newacc2015 · 18-10-2015 11:26pm

That argument might have been relevant in the 1970s. We have so much Oil, as OPEC ****ed themselves our. N.America and Europe realised they couldnt depend on them for Oil anymore. Oil prices also increased dramatically. As a result production of Shale Oil happened and the Tar Sands of Canada were founded. The US is exporting some of their Oil products as there is such excess supply

Eh? With does this have to do with Ireland? We dont have any serious Oil companies or Oil production.

libelula · 18-10-2015 11:35pm

Banjo String wrote: »

What way?

I like em poached.

Hard boiled with extraordinary amounts of salt. Never did get into the aul poached eggs tbh.

Sunnyisland · 18-10-2015 11:48pm

Scotch eggs is where it's all at lads...

https://en.wikipedia.org/wiki/Scotch_egg

AllGunsBlazing · 18-10-2015 11:55pm

I've seen all the Mad Max films (the good ones, not the rubbish one with yer won) and I reckon I'm well prepared for this post-apocalyptic, wasteland scenario.

Oldblood · 19-10-2015 12:28am

newacc2015 wrote: »

That argument might have been relevant in the 1970s. We have so much Oil, as OPEC ****ed themselves our. N.America and Europe realised they couldnt depend on them for Oil anymore. Oil prices also increased dramatically. As a result production of Shale Oil happened and the Tar Sands of Canada were founded. The US is exporting some of their Oil products as there is such excess supply

Eh? With does this have to do with Ireland? We dont have any serious Oil companies or Oil production.

We import a lot of oil

Satts · 19-10-2015 12:49am

Baby oil you mean, yeah baby yeah !

Ruu · 19-10-2015 12:52am

I use Crisp n Dry.

https://www.youtube.com/watch?v=Bg1Mb4GcQ_4

PARlance · 19-10-2015 1:04am

Can't beat a hard boiled egg, literally.

TheLastMohican · 19-10-2015 1:09am

Banjo String wrote: »

What way?

I like em poached.

Avatar MIA wrote: »

I like mine sunny side up, fried in peak oil

PARlance wrote: »

Can't beat a hard boiled egg, literally.

Mine? I like them fertilized!

brandnewaward · 19-10-2015 1:33am

AllGunsBlazing wrote: »

I've seen all the Mad Max films (the good ones, not the rubbish one with yer won) and I reckon I'm well prepared for this post-apocalyptic, wasteland scenario.

stockpiling eggs are we?

Pinch Flat · 19-10-2015 1:37am

brandnewaward wrote: »

stockpiling eggs are we?

We've reached peak egg.

acemaster · 19-10-2015 1:48am

libelula wrote: »

I think I'll have eggs for breakfast tomorrow.

haha im hungry now

Massimo Cassagrande · 19-10-2015 5:27am

Pinch Flat wrote: »

We've reached peak egg.

I'm ok with that, but if we start approaching Peak Coffee, all bets are off.

kneemos · 19-10-2015 5:30am

Broke up with an egg last year...very messy.

19-10-2015 5:31am

You're all disillusioned.

Scrambled eggs is where its at. Plenty of butter run through them too.

jamesbere · 19-10-2015 6:42am

A hard boiled egg with a hot cup of peak oil. That will get you going in the morning.

donegaLroad · 19-10-2015 7:53am

https://www.youtube.com/watch?v=L9jdIm7grCY

Banjo String · 19-10-2015 8:46am

brandnewaward wrote: »

stockpiling eggs are we?

Yeah, but I don't keep them all in the one basket.

19-10-2015 9:11am

It must be 15 years now we've been in "Peak Oil". Prices are high, oh it's peak oil. Prices are low, oh it's peak oil but demand isn't there. Whatever happens, it's always peak oil.

ben.schlomo · 19-10-2015 9:21am

Scrambled with finely diced chorizo and grated cheese. /thread

RobertKK · 19-10-2015 9:28am

New technology will lead us to be less and less dependent on oil.

Cheap oil is here to stay for the time being, due as previously said to shale oil, meaning the US is no longer dependent on the middle east for oil.

seamus · 19-10-2015 10:01am

Once could argue that we've already passed peak oil. The typical idea of peak oil saw that oil production would drop, the end result being an increase in oil prices as production continued to drop. This is why the US stockpiled oil and many private investors also saw it as a shrewd long-term bet.

But this assumed that oil demand would persist or increase, based on the 90's notions of renewable energies being crap and insufficient, that nuclear was on the way out due to safety concerns and that the electric vehicle was never going to be feasible for general use.

The first and the last of these however have been proven wrong, and "peak" oil now refers to peak demand. As renewables (solar in particular) continue picking up pace in terms of affordability and popularity (new solar installations now outnumber new fossil fuel installations), demand for oil will continue to drop for the foreseeable future. One could argue we've already passed "peak oil".

There was also a lot of belief that developing nations would drive demand for oil as they developed. However, with renewables dropping in price, these countries are finding it easier to skip straight past the fossil fuels and go for renewable installations. Especially in parts of Africa where sunlight is abundant and oil either has to be imported or its extraction has a massive social and environmental impact.

Where previously the worry about peak oil was hyperinflation in the west and destabilisation of governments, the actual worry now is in the east. Dropping oil demand will mean that previously "peaceful" countries (in the loosest sense of the word) like Saudi and the UAE will see sharp drops in income, potentially destabilising them and turning the middle east even crazier.

Africa will also need to be encouraged to stop looking towards oil for income. Somalia are pushing heavily towards it, and they're already in the ****hole. If they pump billions into developing oil in a declining market in the next ten years, they're liable to leave themselves in an even worse state than they are now. If that's even possible.

Peak oil and ireland

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