Almost like it was fixed so

Intelligent Design is proved true!

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char

The comment being "you might have to explain that step in greater detail"

keep to the Fen Causeway

- Jake

Friends come and go. Enemies accumulate.

(Hint: it's the country which produced the forefather of Oil E. Coyote.)

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

Why don't you submit it to some paper or other?

Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010

Available from me in a slightly higher res format on request. I'm limited by the resolution of Oily E, and can't find a higher res on de toobz.

You can't be me, I'm taken

If the lights start going dim, what will happen is not the collapse of industrial society, but the collapse of the legal, economic and political barriers currently blocking great big dams and nuke plants. because while a quick-and-dirty nuke plant might not be as safe as could be desired, it will be a lot less fatal than trying to do without juice. The mortality rates of nations correlate very well with the reliability and potency of their electric grids, and that is not an accident

I am going to just flat out state that the odds of an automobile manufactured in 2025 being a gasoline burner are approximately nil.

Volvo is taking its C30 DRIVe Electric concept to the next level and adding a hydrogen fuel cell to extend the EV's 94-mile range, creating a hybrid hydrogen-electric plug-in. The fuel cell will add another 155 miles of range, but what's really interesting is the way Volvo plans on sourcing the hydrogen: from gasoline.

Rather than relying on the promised hydrogen highway to be built, Volvo is exploring the use of an on-board reformer to process gasoline into hydrogen gas. The fuel cell will use the hydrogen gas to power the electric motor when the C30's 24kwh battery has been depleted, more than doubling the vehicle's range without increasing battery size.

Creating hydrogen from gasoline may sound a little like robbing Peter to pay Paul, but the conversion process is about 85 percent efficient

A rather convoluted techno-fix that adds up to doubling the mileage you get from the gas... but it's hard to get around the fact that petrol (or more precisely, diesel) is, and will remain for a while, the transport fuel of choice because it's so energy-dense and easy to handle (I don't expect to see widespread hydrogen infrastructure in my lifetime)

_{It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II}

for the moment we are waiting for the then a miracle happens moment.

(Setting aside conspiracy theories... OK, the Lithium-Ion patent capture scam is a powerful narrative, but Lithium-Ion is too heavy and expensive to be the required breakthrough anyway)

_{It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II}

approximately two days after the invention of the gasoline-equivalent battery, all manufacturers of combustion engines will be bankrupt, and oil demand will freefall to the level comsumed by industry for plastics and such.

Yeah, because the battery / electric car manufacturing capacity will be built overnight worldwide, as well as the electricity distribution infrastructure for charging these batteries . And all the world's car owners will buy a brand new electric car within a week, too...

"Ce qui vient au monde pour ne rien troubler ne mérite ni égards ni patience." René Char

There are lots of ways to skin the transportation cat.

Migeru:

This is the IEA's own projections:

(Really a comment that fits under the comment were ceebs found the diary, but pictures best goes as pretty high level in order not disrupt the layout for those showing threaded comments.)

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

In that little diagram, the "equilibrium" or crossing point is observed, namely a (price, volume) point. The rest of the diagram is counterfactual. I suspect people are using consumption as a proxy for demand and production as a proxy for supply. The difference between consumption and production is the change in inventory. But ignoring that difference for a minute, consumption is just the demand at the "equilibrium" point. Nobody is counting all the times someone goes and says "gee, I want to buy some more of this but it's too expensive" or "gee, I wanted to buy some more of this but the shelves were empty" and so the demand curve is unobserved (unobservable?). Similarly with the supply curve.

Does one have to look at the order book at a commodities exchange (or the open interests in futures) to get supply and demand curves for oil?

And, of course, if the supply and demand curves are counterfactual it is going to be rather hard to measure their slopes (the "price elasticity" of supply and demand).