[AdamB]

$this->bbcode_second_pass_quote('shortonoil', '
')There is a feedback loop that controls the price of oil.

[rockdoc123]

whether I believe in the "thermodynamics controls everything ergo it controls oil price" meme the issue here is hijacking threads which both Shortonoil and Whatever seem to be doing on a regular basis is at odds with forum policy.
If you want to play cheerleader for the theory then please take it back to the appropriate thread. The discussion here was about oil reserves in the US and directly related information.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('rockdoc123', 'S')hotonoil can you please limit your marketing to the thread which has become Peak Oil's own Groundhog Day?
Honestly I am sure I'm not the only one who gets tired of the same rhetoric popping up on each and every thread.

[StarvingLion]

Shale Corp is of the same ilk as Apple Corp, Google Corp, Tesla Corp, Amazon Corp etc...

They are not builders, they are destroyers and liquidators.

They are Fiat Money Printers.

The objective is to spin a fantasy world while pretending Industrial civilization is not collapsing.

[Whatever]

$this->bbcode_second_pass_quote('rockdoc123', 'S')hotonoil can you please limit your marketing to the thread which has become Peak Oil's own Groundhog Day? Honestly I am sure I'm not the only one who gets tired of the same rhetoric popping up on each and every thread.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'Y')ou are entitled to your opinion, as am I. That is fair. But you want a special rule that restricts the ability of other posters to freely speak their minds and offer opinions that differ from yours. That is called cheating. If you are that desperate to try to gag your opponents, it is a sign that you know you are losing the debate.

[ROCKMAN]

Adam - Probability distributions of TRENDS are interesting but have no bearing on the Ps of any individual prospect...which was the point I brought up. Doc will tell you he has never recommended drilling any well based on such analysis...it was always based upon the prospect's analysis. It won't matter if the trend analysis indicates a Ps of 90% if it's a sh*t prospect. Of which I'm sure Doc has seen many times. Where do you think the 10% of the dry holes in such a trend come from? LOL.

[Whatever]

$this->bbcode_second_pass_quote('rockdoc123', '.')..showing up here in order to change the subject so you can turn this thread into another one of the "deja vu all over again" epics you have already created elsewhere flies in the face of the code of conduct....post where it belongs and do not flood threads.

[ennui2]

$this->bbcode_second_pass_quote('Whatever', 'T')his bias is so overt, it is like a cartoon.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'S')hortonoil makes his posts, I make mine. We are not working together. But Shortonoil and I are not allowed to share similar views about thermodynamics. Why? The real problem is that, for some reason, this site overtly hates thermodynamics and especially the Etp model as a policy. The level of hatred for the Etp model seems unreasonable and *WAY* out of proportion. This bias is so overt, it is like a cartoon.

[ennui2]

$this->bbcode_second_pass_quote('', '
')Investments in the Eagle Ford shale of south Texas on average need a Brent crude price of $48 a barrel to break even, on Wood Mackenzie’s calculations, while projects in the Wolfcamp formation in the Permian Basin in west Texas need $39.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'T')hermodynamics have to do with everything, rockdoc. Especially oil production. After all, oil is the main source of energy. Thermodynamics is about energy. As a doctor you should know that. If the diesel btu's required to draw oil out of a tight structure is greater than the btu's in the oil in the tight structure . . . than the event is thermodynamically pointless.

[StarvingLion]

http://euanmearns.com/the-peak-oil-paradox/#comments

The Peak Oil Paradox

Concluding Thoughts

M. King Hubbert’s forecast for US oil production and the methodology it was based on has been proven to be sound when applied to conventional oil pools in the USA. When decline takes hold in any basin or province, it is extremely difficult to reverse even with a period of sustained high price and the best seismic imaging and drilling technology in the world.
On this basis we can surmise that global conventional oil production will peak one day with unpredictable consequences for the global economy and humanity. It is just possible that the near term peak in production of 97.08 Mbpd in July 2015 may turn out to be the all-time high.
Economists who argued that scarcity would lead to higher price that in turn would lead to higher drilling activity and innovation have also been proven to be correct. Much will depend upon Man’s ability to continue to innovate and to reduce the cost of drilling for LTO in order to turn a profit at today’s price levels. If the shale industry is unable to turn a profit then it will surely perish without State intervention in the market.
But from 2008 to 2015, oil production actually fell in 27 of 54 countries despite record high price. Thus, while peak oil critics have been proven right in North America they have been proven wrong in half of the World’s producing countries.
Should the shale industry perish, then it becomes highly likely that Mankind will face severe liquid fuel shortages in the years ahead. The future will then depend upon substitution and our ability to innovate within other areas of the energy sector.

---------------------------------

If the shale industry continues, it destroys the economy.
If the shale industry perishes, it destroys the economy.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', '
')I live in the world of physics.

[ennui2]

Maybe a little too much pot being smoked over in Humboldt county would explain things?