Reply #11: Peak oil is a multi-discipline issue [View All]

[muesa]

1. Geology "How much petroleum remains at any point in time, over the multi-dimensional space of:
   
   
   
   1. at what depth, and
      
   2. in what kind of deposit?"
   
   
2. Politics "Where is the remaining oil? Can we buy it? At what price? For how long?"
   
3. Technology "What drilling and refining technologies?"
   
4. EconomicsHow much are the "substitutes?" What "trade-off" does each "substitute" represent?
   
5. "People" "As "cheap and readily available" petroleum becomes less plentiful, as petroleum incurs greater costs, as substitutes enter the market place - with some increased cost over "yesterday's" petroleum and some reduced convenience over "yesterday's" petroleum -- what will people "buy"?