4-5 - Splitting the difference between oil pessimists and...

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Splitting the difference between oil pessimists and optimists 1.What is the 'middle course' between oil optimists and oil pessimists? Conventional peak will come before 2030, pushing up prices leading to more use of unconventional oil sources, such as tar sands, which could blunt the oil peak 2.What criticisms can be directed to the position held by oil pessimists and that held by oil optimists? Pessimists Underestimate the URR (ultimate recoverable resource) Optimists Demand-driven forecasts cant be justified Assumption that we will be able to match production over the years is overoptimistic Squeezing more oil from the ground 3.Why does Leonardo Magueri argue peak oil will not occur any time soon? Past peak estimates have been wrong New technologies/exploration methods can get more oil The definition of recoverable oil changes as technology increases 4.What reasons does Magueri (2001) give for the inability of alternative energy sources to compete effectively with oil? Are the reasons convincing?
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4-5 - Splitting the difference between oil pessimists and...

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