I find the near vertical descent of this cartoon very misleading. ASPO's latest charts and graphs show an all liquids peak of 87 Mbpd in 2010. Forty years later, all liquids is down to 41 Mbpd. On average this is 1.15 Mbpd or 1.3% per year. Do you think we can handle a 1.3% decline rate? Especially as we need to get off CO2 at a rate of 2.5+% per year.
I find the near vertical descent of this cartoon very misleading. ASPO's latest charts and graphs show an all liquids peak of 87 Mbpd in 2010. Forty years later, all liquids is down to 41 Mbpd. On average this is 1.15 Mbpd or 1.3% per year. Do you think we can handle a 1.3% decline rate? Especially as we need to get off CO2 at a rate of 2.5+% per year.
ReplyDeleteI was viewing it as more of a doomer porn cartoon than a literal prediction of the future.
ReplyDeleteBut yes - I think we can handle a 1.3% decline rate - and I'm not yet convinced we are at the peak...