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Peak $resource is not the right phrasing. Peak cheap $resource is.
by steveplace 16y ago
Peak $resource is not the right phrasing.
Peak cheap $resource is.
- jarek 16y agoDepends on how it's used. Fundamentally, peak $resource refers to the peak in production of $resource, which under laws of physics as we understand them will necessarily happen eventually. Barring changes in demand, $resource whose production has peaked will become more expensive; peak $resource implies peak cheap $resource in this case. Unfortunately, peak $resource has been used, reused, and abused in so many different ways that stating one way is the definitive is bound to be incorrect.
- Devilboy 16y agoI think you're confused. We're talking about production levels. Let's talk oil for example. Look at this graph: http://en.wikipedia.org/wiki/File:Alaska_Crude_Oil_Production.PNG http://en.wikipedia.org/wiki/File:Alaska_Crude_Oil_Productio... This graph tells us that peak oil production in Alaska was in 1987. The annual production in Alaska will never again reach 1987 levels. That's the production peak. In the exact same way, 10 or 20 or 30 years from now we'll be able to look back on the world oil production graph and point to the peak - the year in which we've produced the most oil ever. And we'll be able to say with high degree of confidence that we'll never reach those levels again. That's peak oil After the peak occurs the prices will go up never to return to pre-peak prices. The quote you mangled is in fact this: 'End of $resource' is not the right phrasing. 'End of CHEAP $resource' is.