Peak Oil is Soooo .... May of 2008  

Posted by Big Gav in

Paul Kedrosky has a post on waning interest in peak oil ion spite of climbing oil prices - Peak Oil is Soooo .... May of 2008.

Despite gas prices having climbed a good chunk of the way back up to 2008 levels, the level of worry about higher prices hasn't seemed as high this time around. To test that, I pulled data from Google Trends on searches for "peak oil" and compared that to WTI crude prices over the same period. As this graph shows, while the two moved up together in 2007/2008, this time around "peak oil" and higher prices have disconnected in the public awareness -- at least for now.

Why might that be? One explanation is that oil prices haven't climbed as fast as they did in early 2008, with the slope of the ascent being a primary source of worries. Second, with consumers having seen prices considerably higher than today's just two years ago, perhaps they have become desensitized to oil at "merely" $87 a barrel. Of course, if either or both are true it wouldn't take much to turn around perception and have people paranoid about peak oil again: higher prices or a faster ascent would do the deed in short order.

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (604) global warming (380) solar power (363) peak oil (333) renewable energy (224) electric vehicles (209) wind power (180) ocean energy (159) csp (153) geothermal energy (143) solar thermal power (140) smart grids (139) tidal power (134) coal seam gas (129) nuclear power (125) oil (123) energy storage (122) solar pv (117) lng (114) geothermal power (112) china (111) iraq (111) green buildings (107) natural gas (106) agriculture (87) oil price (79) biofuel (77) smart meters (72) wave power (70) electricity grid (66) uk (65) energy efficiency (63) coal (57) google (57) internet (51) bicycle (49) shale gas (49) surveillance (49) food prices (48) big brother (47) thin film solar (42) canada (40) biomimicry (39) ocean power (37) politics (37) scotland (37) new zealand (35) shale oil (35) air transport (34) algae (34) water (34) concentrating solar power (32) queensland (32) california (31) credit crunch (31) saudi arabia (31) bioplastic (30) population (29) tesla (29) cogeneration (28) geoengineering (28) offshore wind power (28) arctic ice (26) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) economics (22) limits to growth (21) carbon tax (20) coal to liquids (20) distributed manufacturing (20) indonesia (20) iraq oil law (20) lithium (20) origin energy (20) brightsource (19) buckminster fuller (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) exxon (17) michael klare (17) cellulosic ethanol (16) collapse (16) electric bikes (16) mapping (16) ucg (16) atlantis (15) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) iceland (15) psychology (15) brazil (14) fertiliser (14) lithium ion batteries (14) al gore (13) ambient energy (13) biodiesel (13) bucky fuller (13) carbon emissions (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) internet of things (12) otec (12) texas (12) victoria (12) cradle to cradle (11) desertec (11) energy policy (11) hybrid car (11) terra preta (11) amory lovins (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) tinfoil (10) toyota (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) antarctica (8) arrow energy (8) big oil (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)