Peak Oil: What do you think? (propane, 2010, Dallas, bull)
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40 years in the industry and a whole bunch of SPE papers says you don't know jack and it's a complete waste of time trying to engage in any kind of dialog with you so you can continue to spew your nonsense to the gullible. I've been more threatened by gnats than you.
Again with the personal attacks (which violate board rules BTW) and yet not a word of honest rebuttal. That says a lot more than your empty jargon and "claims" of expertise. Sad.
One month does not a trend make, but ... Saudi Arabia's oil exports fell to a three-year low despite a slight rise in production as domestic consumption rose. Combine this with Russia's drop in exports (noted above) and there might (might!) be cause to worry just a little about the future availability and price of export oil.
not sure where I read it, but I did read that the USA is supposed to have about 9.5 trillion barrels of oil still in the ground. if true, then I don't know what people are talking about peak oil.
not sure where I read it, but I did read that the USA is supposed to have about 9.5 trillion barrels of oil still in the ground. if true, then I don't know what people are talking about peak oil.
If that were true, no one would be talking about peak oil. Since lots of people are talking about it ...
not sure where I read it, but I did read that the USA is supposed to have about 9.5 trillion barrels of oil still in the ground. if true, then I don't know what people are talking about peak oil.
seems talk of peak oil might have been a little premature
Peak Oil? Actually it is happening as we speak. The caveat is that the biggest talking heads in the peak oil camp were largely fear-mongering doomers who figured everything would go to hell overnight and wanted you to keep buying their books, reading their blogs, and buying the products they pushed (usually gold, ammo, and 900 cans of prepackage meals...!)
The way it is happening is simple....fracking, contrary to what people think is not remotely new. It has been around for a long time. What has made it suddenly viable was the high cost of oil. People look at US production and how it has grown and yet we are still well below the peak from the 1970's, despite all the money, all the technology that has been thrown at drilling.
I always wonder how people rationalize the obvious fact of so many massive projects drilling miles and miles undersea in deep water, searching for oil under the arctic, etc. It's because the easy oil has long been found.
Peak oil isn't going to mean the lights go dark, rather slowly more and more oil projects are no longer worth pursuing because the energy costs, time, money, and difficulty make them infeasible. It is also impacted by the economics affecting oil companies. Because of how bad the economy continues to be for all but the rich and super-rich, there has been a reduction in oil demand which then in turn is hammering the oil companies. The US frackers are quite vulnerable right now and if oil were to go to say, $40, most of them would likely be out of business. That would then lower production and start the boom bust cycle again.
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