We will NOT run out of (insert resource here)!!

[ARCHIVED THREAD] - We will NOT run out of (insert resource here)!!

Posted: 4/17/2006 12:40:28 PM EDT

The basic law of supply and demand says that as supply starts to dwindle than the price will rise and will reduce demand and force people to subsitutes. It will also create more incentive to find new technology or become more efficent.

We will NOT run out of oil, copper, food, labor, women, whatever. When it become financally burdensome to use whatever resource we will either find more of it or substitute for it.

Some people need to take a econ class. Or just go read a book by Thomas Sowell.

Posted: 4/17/2006 12:42:12 PM EDT

[#1]

In before the "PEAK BULLSHIT" flood arrives...

Posted: 4/17/2006 12:42:23 PM EDT

[#2]

in before Peak_Oil gets out of elementary school

edit: damn, leelaw beat me.

Posted: 4/17/2006 12:43:02 PM EDT

[#3]

But if the sky doesn't fall I'll never get a chance to use my bug out bag, my tricked out M4gery and my MRE's will go bad in 20 years.

Posted: 4/17/2006 12:43:15 PM EDT

[#4]

Hookers and blow.

I've got enough at least.

Posted: 4/17/2006 12:43:18 PM EDT

[#5]

Quoted:
in before Peak_Oil gets out of elementary school

edit: damn, leelaw beat me.

+1

Posted: 4/17/2006 12:43:25 PM EDT

[#6]

what about 7.62x39

Posted: 4/17/2006 12:44:49 PM EDT

[#7]

Hate. We'll never run out of that, thank God.

Posted: 4/17/2006 12:44:55 PM EDT

[#8]

I believe that there is an infinite amount of stupidity in the Universe.

Therfore, we will never run out of it.

SG

Posted: 4/17/2006 12:45:32 PM EDT

[#9]

Quoted:
The basic law of supply and demand says that as supply starts to dwindle than the price will rise and will reduce demand and force people to subsitutes. It will also create more incentive to find new technology or become more efficent.

We will NOT run out of oil, copper, food, labor, women, whatever. When it become financally burdensome to use whatever resource we will either find more of it or substitute for it.

Some people need to take a econ class. Or just go read a book by Thomas Sowell.

Or julian simon.

Posted: 4/17/2006 12:45:58 PM EDT

[#10]

We never really recovered from the peak Betamax video tapes.

Posted: 4/17/2006 12:47:04 PM EDT

[#11]

Quoted:
In before the "PEAK BULLSHIT" flood arrives...

The problem is that the "Peak" crowd only see half the picture - and then run off like chickens without a head without bothering to understand the second half.

They are of course correct that a "peak" is probably inevitable in oil (since it is a limited resource), but they are completely incorrect about the implications.

Sherrick13 is 100% correct.

As oil supply eventually (and GRADUALLY) lessens, prices will increase. As soon as that happens, the incentive to explore alternative will get stronger, and the higher the price gradually goes, the more alternatives will become financially viable. Since this will inevitably be a gradual process, the transition from oil to something else (or mutiple something elses) will occur slowly, with plenty of time for adaptation and new infrastructure.

So the concept of "peak oil" is technically valid (and logical) - but all the sky-is-falling conclusions that the nutcases draw are completely asenine.

Posted: 4/17/2006 12:47:50 PM EDT

[#12]

Arfcom will never run out of hot air!

Posted: 4/17/2006 12:51:36 PM EDT

[#13]

Peak oil must not take into account demand destruction.

It may be slow, but it is there.

TXL

Posted: 4/17/2006 12:56:45 PM EDT

[#14]

We will not run out of........PIE !.......it's coming across the border in droves.

Posted: 4/17/2006 12:58:26 PM EDT

[#15]

Quoted:
in before Peak_Oil gets out of elementary school

edit: damn, leelaw beat me.

Last I heard, he is still kissing the window on the short bus.

Posted: 4/17/2006 1:00:30 PM EDT

[#16]

Quoted:
We will not run out of........PIE !.......it's coming across the border in droves.

You talking about brown-breasted mattress thrashers? Careful, marrying one of them is like pulling the ripcord on a liferaft.

Posted: 4/17/2006 1:01:05 PM EDT

[#17]

IBT

Posted: 4/17/2006 1:03:43 PM EDT

[#18]

Quoted:
Quoted:
We will not run out of........PIE !.......it's coming across the border in droves.

You talking about brown-breasted mattress thrashers? Careful, marrying one of them is like pulling the ripcord on a liferaft.

Hell yeah, they speak their own language and i don't mean spanish.

Posted: 4/17/2006 1:04:04 PM EDT

[#19]

Quoted:
I believe that there is an infinite amount of stupidity in the Universe.

Therfore, we will never run out of it.

SG

We almost have a monopoly on production though.

Posted: 4/17/2006 1:04:19 PM EDT

[#20]

Posted: 4/17/2006 1:04:51 PM EDT

[#21]

Quoted:
Quoted:
In before the "PEAK BULLSHIT" flood arrives...

The problem is that the "Peak" crowd only see half the picture - and then run off like chickens without a head without bothering to understand the second half.

They are of course correct that a "peak" is probably inevitable in oil (since it is a limited resource), but they are completely incorrect about the implications.

Sherrick13 is 100% correct.

As oil supply eventually (and GRADUALLY) lessens, prices will increase. As soon as that happens, the incentive to explore alternative will get stronger, and the higher the price gradually goes, the more alternatives will become financially viable. Since this will inevitably be a gradual process, the transition from oil to something else (or mutiple something elses) will occur slowly, with plenty of time for adaptation and new infrastructure.

So the concept of "peak oil" is technically valid (and logical) - but all the sky-is-falling conclusions that the nutcases draw are completely asenine.

I tried explaining that to one of the nuts and his response was that it won't be gradual because the demand is rising at an increasing rate and when the supply starts dropping, the price, based on a demand/supply ratio will increase at an astonishing rate. Probably not as bad as he thinks, but he does have a point.

Demand ↑
-------------- = Price ↑↑
Supply ↓

Personally, I think the "peak oil" thing is hogash, but I'm concerned about the interrim between the current situation and whenever the new sources come to market. I know where there is money to be made in energy, someone will find a way to make it, but between now and then, who knows. It may just suck really bad for a while...

Posted: 4/17/2006 1:06:08 PM EDT

[#22]

What about peak sex toys? There is not too much talk of that?

Posted: 4/17/2006 1:06:51 PM EDT

[#23]

Peak illegals? We will not run out of illegal ~~immigrants~~ Mexicans.

Posted: 4/17/2006 1:07:16 PM EDT

[#24]

Someone post the peak ammo chart please.

Posted: 4/17/2006 1:08:03 PM EDT

[#25]

http://www.jobrelatedstuff.com/forums/topic.html?b=1&f=5&t=455988

Posted: 4/17/2006 1:09:25 PM EDT

[#26]

The world will never run out of stupid.

Posted: 4/17/2006 1:09:52 PM EDT

[#27]

one better. just whipped this up, and will post it in all these fucking oil discussions from now on. we will NEVER run out of oil, or anything else for that matter

Posted: 4/17/2006 1:10:57 PM EDT

[#28]

I can't wait until we reach peak dumb charts.

Posted: 4/17/2006 1:11:00 PM EDT

[#29]

Quoted:
i37.photobucket.com/albums/e86/ibdmentd/commieoilchartthingie.jpg

one better. just whipped this up, and will post it in all these fucking oil discussions from now on. we will NEVER run out of oil, or anything else for that matter

Uh... You totally missed the PEAK part of "PEAK oil"

And your supply : demand : price ratios are off..

Posted: 4/17/2006 1:11:42 PM EDT

[#30]

Quoted:
I can't wait until we reach peak dumb charts.

Well we've had a good one for a while, forget peak smart, though:

Posted: 4/17/2006 1:18:20 PM EDT

[#31]

Quoted:
...peak smart...

I gotta remember that one.

Posted: 4/17/2006 1:21:09 PM EDT

[#32]

Quoted:
Quoted:
i37.photobucket.com/albums/e86/ibdmentd/commieoilchartthingie.jpg

one better. just whipped this up, and will post it in all these fucking oil discussions from now on. we will NEVER run out of oil, or anything else for that matter

Uh... You totally missed the PEAK part of "PEAK oil"

And your supply : demand : price ratios are off..

there's no such thing as "peak supply" on a resource like oil. there is a "peak demand" and after that, the price becomes more than the resource is worth, thus lowering the demand for it. we will always have oil available. it's not like a produced item such as ammo. you can close every ammo plant on earth and there will be no more ammo. there will ALWAYS be oil, it's a matter of how much people are willing to pay to get it

Posted: 4/17/2006 1:30:17 PM EDT

[#33]

Quoted:
there's no such thing as "peak supply" on a resource like oil. there is a "peak demand" and after that, the price becomes more than the resource is worth, thus lowering the demand for it. we will always have oil available. it's not like a produced item such as ammo. you can close every ammo plant on earth and there will be no more ammo. there will ALWAYS be oil, it's a matter of how much people are willing to pay to get it

you need to go back to school to learn how not to oversimplify. For one thing, if you close every ammo "plant" on the earth there will still be reloaders. And then someone will open up a new "plant" to meet demand.

and i would certainly say there is a point when supply of oil peaks. It is the time when oil sucking out of the ground produces the most oil, in volume.

remember, supply is a different word than demand

Posted: 4/17/2006 1:37:38 PM EDT

[#34]

Assholes, there is and always will be an abundance of assholes.

That is all.

Posted: 4/17/2006 2:00:36 PM EDT

[#35]

Quoted:
Hate. We'll never run out of that, thank God.

We have a winner!!!

Posted: 4/17/2006 2:09:25 PM EDT

[#36]

Idiots who think they know everything.

Posted: 4/17/2006 2:30:20 PM EDT

[#37]

The supply and demand curve rely on certain presumptions, one of which is free market. While entrance barriers can be overcome, they sure mess with the shapes of the curves.

Take ak uppers. If we ban the import, there will still be some. Those will quickly go up in price. Eventaully some will be manufactured in the US - but will cost $100s more than the surplus we are used to. Then the .gov will ban them too, and the price will continue to spiral upwards as supply dries up.

---
Get married and test the domestic supply/demand of bj curve.

Posted: 4/17/2006 2:38:35 PM EDT

[#38]

Quoted:
The supply and demand curve rely on certain presumptions, one of which is free market. While entrance barriers can be overcome, they sure mess with the shapes of the curves.

Take ak uppers. If we ban the import, there will still be some. Those will quickly go up in price. Eventaully some will be manufactured in the US - but will cost $100s more than the surplus we are used to. Then the .gov will ban them too, and the price will continue to spiral upwards as supply dries up.

---
Get married and test the domestic supply/demand of bj curve.

Um... Ak's don't exactly have "uppers"... But the point is good. There is actually a good essay in "Unintended Consequences" about how the government has affected gun prices through legislation.

Posted: 4/17/2006 4:33:13 PM EDT

[#39]

Quoted:
Quoted:
The supply and demand curve rely on certain presumptions, one of which is free market. While entrance barriers can be overcome, they sure mess with the shapes of the curves.

Take ak uppers. If we ban the import, there will still be some. Those will quickly go up in price. Eventaully some will be manufactured in the US - but will cost $100s more than the surplus we are used to. Then the .gov will ban them too, and the price will continue to spiral upwards as supply dries up.

---
Get married and test the domestic supply/demand of bj curve.

Um... Ak's don't exactly have "uppers"... But the point is good. There is actually a good essay in "Unintended Consequences" about how the government has affected gun prices through legislation.

But when you have something that is demanded greatly then the price can actually go DOWN after banning it. This is because the barriers to entry or to buy it are actually LOWER on the black market than on the regulated market.

A perfect example are firearms in Britian. They are cheaper now than before they banned them.

Posted: 4/17/2006 4:43:18 PM EDT

[#40]

women

According to a show I watched last night... 60 minutes? China IS running out of women. Just food for thought Im sure it will balance out eventualy.

Posted: 4/17/2006 5:03:32 PM EDT

[#41]

Quoted:
Quoted:
In before the "PEAK BULLSHIT" flood arrives...

The problem is that the "Peak" crowd only see half the picture - and then run off like chickens without a head without bothering to understand the second half.

They are of course correct that a "peak" is probably inevitable in oil (since it is a limited resource), but they are completely incorrect about the implications.

Sherrick13 is 100% correct.

As oil supply eventually (and GRADUALLY) lessens, prices will increase. As soon as that happens, the incentive to explore alternative will get stronger, and the higher the price gradually goes, the more alternatives will become financially viable. Since this will inevitably be a gradual process, the transition from oil to something else (or mutiple something elses) will occur slowly, with plenty of time for adaptation and new infrastructure.

So the concept of "peak oil" is technically valid (and logical) - but all the sky-is-falling conclusions that the nutcases draw are completely asenine.

This has been explained to them, but they apparently don't understand.