316. PEAK OIL DIAPER CHANGE
Big news today:
The Nov. 07 IEA Oil Market Report (pdf) is now available. As suspected, world oil supply increased by 1.4mbd in October to a new all time high of 86.43mbd.
What does this mean? Well, first of all, it means we're gonna have to change that big peak oiler diaper -- yet again -- because July 2006 wasn't peak oil after all. Oil production is still growing!
All those folks who said last year was the peak? They were wrong. Again.
But that's okay, because starting tomorrow, they'll be right again. They'll have a fresh, clean nappy to wear, that says: "Oil peaked, in Oct. 2007".
Total amnesia. And it won't matter. Because peak oil is like a black hole, vacuuming up the past and distorting the very fabric of logic itself. As the hole approaches, peak oilers can never be wrong, even when they're wrong. You can say: "You we're wrong" to a peak oiler. But then he just points to the hole, and says "My mistake doesn't matter, look at the hole". And the hole sucks his mistake up. So it's gone forever. Amnesia.
And.... on that note, it is with some regret that I must announce that I have decided to become a peak oiler. Yes, I know it's a big disappointment, and I was like the Great White Hope and all. Sorry everybody... I don't want to let you down, but I was taking a dump earlier -- and you know how conducive to deep thought the toilet can be sometimes -- well, I was thinking about peak oil, and it finally hit me, man, like a bolt out of the blue:
THE SUPPLY OF CRUDE OIL IS FINITE.
Honest to God, it finally sunk in. I'm hereby making a formal apology. Hanging my head down in shame. The peak oilers were right. Oil is actually going to peak someday. The logic is solid and I'm going to have to concede that point. I'm so sorry everybody. But that's just the reality, and I'm just going to have to suck it up, and face it.
Regular readers: Please don't be alarmed by this "new" realization. Aside from a fine print disclaimer in the site banner, and the fact that I will be proven right and have backslapping privileges when peak oil occurs, the programming stream you know and love will be completely unaffected.