[Peakoil] We face a worldwide glut of oi... (blogs.telegraph.co.uk)

[Alex Pollard]

Chris Nelder writes a strong rebuttal. Amongst other criticisms he says
Maugeri has even misunderstood the difference between 'decline' and
'depletion'.

http://ftalphaville.ft.com/blog/2012/07/24/1094111/is-peak-oil-dead/

Alex

O4O4873828
ACT Peak Oil Inc.

> On 27/07/2012, at 2:37 AM, Antony Barry wrote:
>
>> We face a worldwide glut of oil, with profound economic
>> and geopolitical implications, most of them good – Telegraph Blogs
>> http://blogs.telegraph.co.uk/finance/jeremywarner/100019176/we-face-
>> a-worldwide-glut-of-oil-with-profound-economic-and-geopolitical-implications-
>> most-of-them-good/
>
> The comments pasted below the Daily Telegraph article are firing from
> entrenched positions and include a lot of American trolls intruding
> themselves into this British website.
>
> As yet, I have not read any balanced review of Maugeri's forecasts -
> original here:
>
> http://belfercenter.ksg.harvard.edu/files/Oil-%20The%20Next%20Revolution.pdf
>
> However, the Energy Bulletin have published a slew of criticisms which
> list the stated and unstated assumptions behind Maugeri's conclusions. At
> this stage it's up to us to work it out for ourselves. If the list of
> assumptions is correct, then we can dismiss Maugeri's report. Have a look
> for yourselves here:
>
> http://tinyurl.com/d7ab84s
>
> George Monbiot swallowed Maugeri's report and drew the ghastly conclusions
> for climate change:
>
> http://www.monbiot.com/2012/07/02/false-summit/
>
> There is a criticism from Kurt Cobb whose name will be familiar to those
> who've been around the peak oil scene for a decade:
>
> http://tinyurl.com/c2lt737
>
> He raises questions, but - partly because Maugeri's forecast does not
> specify much of his baseline data nor all his important assumptions - it,
> too, is largely assertion.
>
> One point to consider at the back of this is that because of the US
> recession, the petroleum industry there is desperate to attract a lot of
> investors with a lot of long-term money and a report like this - funded by
> BP and associated with the Harvard moniker - will do them a lot of good.
>
> Can I suggest that on this list we don't just paste URLs and article
> titles, but add a bit of critical assessment as well? It's too easy to
> shoot off URLs, when what we need is a brief review confirming that the
> sender has read the web page and explaining why we should visit the
> website and read the linked article ourselves. Possibly include a few key
> quotations. I know that's more difficult and time consuming, but it's
> better if the person who found the article and thinks it's important does
> it than we all go off and do our own thing, wondering what it is we are
> looking for.
>
> Keith