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THE Jim Rogers Thread (merged)

Discussions about the economic and financial ramifications of PEAK OIL

Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby Maddog78 » Mon 07 Mar 2011, 14:29:14

Good post, rockdoc123.

$this->bbcode_second_pass_quote('', 'I')f you can find a case of a oil company or government that uses the concept of EROEI in calculating reserves then please point us all to that

I've been saying the same thing for the last two years on this board about the use of EROEI within oil companies and have had much scorn heaped upon me by the non industry "experts" here.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby Lore » Mon 07 Mar 2011, 14:43:10

$this->bbcode_second_pass_quote('Maddog78', 'G')ood post, rockdoc123.

$this->bbcode_second_pass_quote('', 'I')f you can find a case of a oil company or government that uses the concept of EROEI in calculating reserves then please point us all to that

I've been saying the same thing for the last two years on this board about the use of EROEI within oil companies and have had much scorn heaped upon me by the non industry "experts" here.


I understand the right is no longer using the term WMD anymore either.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby Cid_Yama » Mon 07 Mar 2011, 15:01:09

No one said anything about oil companies or governments using EROEI in determining reserves. They were accusing them of posting reserves that include low EROEI unconventional sources to hide the decline in conventional oil.

You can twist people's words all you want, but when they read this thread, what people like kiwichick and Lore and Shar have posted is clear and concise and easily understood, whereas the obfuscating crap and misdirection that you post makes no sense at all.

Too bad you can't unpost what others have posted. Then you could actually hide the truth. Now you just make yourselves out to be shills toting the Oil Industry line.

Add to that the supergiant countries of OPEC, whose power depends on the spice flowing, fudging the numbers for obvious reasons, we're in for a lot of hurt.
Last edited by Cid_Yama on Mon 07 Mar 2011, 15:39:27, edited 1 time in total.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby americandream » Mon 07 Mar 2011, 15:32:05

$this->bbcode_second_pass_quote('rockdoc123', '
')
They typically meet with the company technical people to understand how they view the information and what interpretations were made and then they go away and do their own analysis.


Yeah, right. And we know how that went down with the regulators in the GOM farce.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby rockdoc123 » Mon 07 Mar 2011, 15:50:16

$this->bbcode_second_pass_quote('', 'E')specially since it forces you to go on record as believing nonsense. I can't imagine any amount of money that could induce someone to present themselves as a liar or sh*t for brains over and over again.


you sir are without a doubt suffering from a delusional disorder. You post comments here which demonstrate you have absolutely zero understanding about the underlying science to the peakoil debate, and I mean zero. How can you hope to critically appraise anything when you have such limited background in the subject matter? I'm sure you believe your degree in religious studies qualifies you to comment on how reserves are calculated or what the rules surrounding it are, unfortunately it doesn't.
You do not even bother to try to argue anything here. I pointed out earlier on how you were completely wrong on a number of assumptions and your response is adhominem attack. I suppose you think this is convincing to the readership here that somehow you are correct. Unfortunately it only serves to draw further attention to your subject matter ignorance.

$this->bbcode_second_pass_quote('', 'N')o one said anything about oil companies or governments using EROEI in determining reserves. They were accusing them of posting reserves that include low EROEI unconventional sources to hide the decline in conventional oil.


Again, you miss the point. You are saying they shouldn't be included but by the very fact they meet the criteria of being economic they are reserves....as much so as any other hydrocarbon that is registered as a reserve. And exactly who is trying to "hide the decline of conventional oil"? Companies are simply producing what is economic to produce and for which they can identify a market. The increased costs of developing the heavier crudes and the shale oils are all included in the calculated economics that determines whether it can be classified as reserves. Are you saying that heavy oil or oil from shales can't be used as a replacement? If so then you better point this out to the Houston refineries who have been buying it up in a frenzy. I'm sure they would value your opinion as to why all of these various oils are not fungible (which by the way they are).
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby Cid_Yama » Mon 07 Mar 2011, 16:05:03

If I were an oil company I wouldn't pay you a dime. You can't shill worth crap. You can't even throw a decent insult. :lol:

And by the way, an ad hominem attack is where instead of addressing the points of the argument, you attempt to discredit the person making the argument.

What you attempted to do to me, not what I did to you. I actually made my points in the argument. You keep trying to change the conversation.
Last edited by Cid_Yama on Mon 07 Mar 2011, 16:39:51, edited 2 times in total.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby Lore » Mon 07 Mar 2011, 16:18:30

Hey;… how’s this for an insult, and I quote,

$this->bbcode_second_pass_quote('', 'R')oman Moroni: “You fargin sneaky bastage. I'm gonna take your dwork. I'm gonna nail it to the wall. I'm gonna crush your boils in a meat grinder. I'm gonna cut off your arms. I'm gonna shove 'em up your icehole. Dirty son-a-ma-batches. My own club!”
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby Cid_Yama » Mon 07 Mar 2011, 16:35:20

Sounds more like a threat than an insult.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby AdTheNad » Mon 07 Mar 2011, 16:39:44

I still like the old classic:

$this->bbcode_second_pass_quote('', 'Y')our Mother Was a Hamster and Your Father Smelt of Elderberries!


Anyway, different oils have different EROEI. This is a fact. This means the net energy provided by oil with a lower EROEI is lower than one with a higher EROEI. To put them both in the same category is dishonest, and obfuscates the picture in regards to net energy available.

Maybe the reserves should be shown by net energy provided rather than number of barrels, so we could clearly see how much lower it is. But that would take integrity and honesty.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby Lore » Mon 07 Mar 2011, 16:47:37

Yeah, your right except for the, "“You fargin sneaky bastage.", part, or when Roman goes on to say:

$this->bbcode_second_pass_quote('', '&')quot;I would like to direct this to the distinguished members of the panel: You lousy cork-soakers. You have violated my farging rights. Dis somanumbatching country was founded so that the liberties of common patriotic citizens like me could not be taken away by a bunch of fargin iceholes... like yourselves."


.... that certainly could be used on these forums.
Last edited by Lore on Mon 07 Mar 2011, 16:51:12, edited 1 time in total.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby Pops » Mon 07 Mar 2011, 16:48:40

Thanks doc, shill or not I'll still glad you come around and take this in return for some insight on the actual workings of the biz.
8)
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby americandream » Mon 07 Mar 2011, 16:55:24

Basically Rockdock, this cult of the expert that we all labour under in the West is pure bunkum. We have largely prospered as a social economy for having inherited such a vast treasure trove of commodities in the colonies that one would have to have been an absolute ignoramus to not proesper, especially given the Protestant culture of work and personal gain we took with us to these foreign shores.

However, as the goodies run out, the experts are being shown up for the lazy incompetents they often are. We have ample evidence these past few years of that laziness. You evidently haven't done your homework (which does not take much as all this stuff is in the public domain) or you would not be on here arguing the unarguable.

Couple that to the idiocy of relying on a crazy place like Saudi Arabia to prop up the whole Western JIT edifice, and it's clear that the "experts" are barking bloody mad.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby Cid_Yama » Mon 07 Mar 2011, 17:18:56

Rockdoc, I do need to address one part of your ad hominem attack since you have said it more than once.

I do have a number of degrees, but guess what, not one of them is in Religious Studies. Imagine that.

I do know alot about most of the world's religions. Being a good diplomat requires you to understand how the person you are negotiating with sees the world. That world view is always embedded in the religious beliefs of the person.

Thus, my knowledge of various religions. Thank you for the opportunity to clear that up.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby rockdoc123 » Mon 07 Mar 2011, 17:24:11

$this->bbcode_second_pass_quote('', 'H')owever, as the goodies run out, the experts are being shown up for the lazy incompetents they often are. We have ample evidence these past few years of that laziness. You evidently haven't done your homework (which does not take much as all this stuff is in the public domain) or you would not be on here arguing the unarguable.


when you make a comment of this nature it needs to be backed up by example. My information is indeed based on what is available in the public domain....and my analysis of Saudi Arabia production which was done several years ago and posted on a thread here incorporated information not available in the public domain (IHS Energy).
Please point to the data that clearly shows I am wrong.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby Cid_Yama » Mon 07 Mar 2011, 17:29:02

$this->bbcode_second_pass_quote('rockdoc123', '')$this->bbcode_second_pass_quote('', 'H')owever, as the goodies run out, the experts are being shown up for the lazy incompetents they often are. We have ample evidence these past few years of that laziness. You evidently haven't done your homework (which does not take much as all this stuff is in the public domain) or you would not be on here arguing the unarguable.


when you make a comment of this nature it needs to be backed up by example. My information is indeed based on what is available in the public domain....and my analysis of Saudi Arabia production which was done several years ago and posted on a thread here incorporated information not available in the public domain (IHS Energy).
Please point to the data that clearly shows I am wrong.


He just hasn't done his homework in several years.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby rockdoc123 » Mon 07 Mar 2011, 17:36:23

$this->bbcode_second_pass_quote('', 'H')e just hasn't done his homework in several years.

again back up your claims with some hard information. From what I can tell you have none.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby americandream » Mon 07 Mar 2011, 17:48:40

$this->bbcode_second_pass_quote('rockdoc123', '')$this->bbcode_second_pass_quote('', 'H')owever, as the goodies run out, the experts are being shown up for the lazy incompetents they often are. We have ample evidence these past few years of that laziness. You evidently haven't done your homework (which does not take much as all this stuff is in the public domain) or you would not be on here arguing the unarguable.


when you make a comment of this nature it needs to be backed up by example. My information is indeed based on what is available in the public domain....and my analysis of Saudi Arabia production which was done several years ago and posted on a thread here incorporated information not available in the public domain (IHS Energy).
Please point to the data that clearly shows I am wrong.


Everything in your reasoning is wrong. You expect to sustainably run a JUST IN TIME system of profit based on dependency on religious dictatorships built on quicksand (pun unintended) (and thats not counting all the other crazies who largely hog OPEC's numbers)!! Are you mad, man!

Irrespective of what their reserves are and I trust a whacko religious nut job as far as I can throw my truck, the mere fact that we live our daily lives on the basis of the ME's energy position and you aren't concerned at the riskiness of that arrangement let alone it's audit transparency (which is about as reliable as the whoe wahhabist'/shia infrastructure those countrys are wrapped around) says everything about your ability to think straight.

We DO NOT need experts like you.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby seahorse3 » Mon 07 Mar 2011, 18:03:53

Whatever happened to the days when SA said $30bl was a good price?

If they can bring prices down, why don't they? Because, as a layman, I believe it when I see it, meaning, gas goes back down to the good old days of 1999 when it was $1 a gallon, the world economy was growing, the dollar was strong, we ran balanced budgets, and would have paid of our national debts by last year (2010). I scratch my head and ask, what the hell just happened? Its hard for me to be optimistic about the oil situation because we just can't seem to live without it, and, despite all the "optimism" about how much is under the ground, the price of up goes up. So, until they produce it in mass, the price of oil won't go down. Until they produce in mass, then, I just don't see us returning the the glory days. It's hard for me to take all this optimism seriously when SA produced more in 1980 than it does today, when oil has gone up steadily from 2000 despite all the untapped reserves. Seeing is believing.
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby americandream » Mon 07 Mar 2011, 18:10:41

$this->bbcode_second_pass_quote('seahorse3', 'W')hatever happened to the days when SA said $30bl was a good price?

If they can bring prices down, why don't they? Because, as a layman, I believe it when I see it, meaning, gas goes back down to the good old days of 1999 when it was $1 a gallon, the world economy was growing, the dollar was strong, we ran balanced budgets, and would have paid of our national debts by last year (2010). I scratch my head and ask, what the hell just happened? Its hard for me to be optimistic about the oil situation because we just can't seem to live without it, and, despite all the "optimism" about how much is under the ground, the price of up goes up. So, until they produce it in mass, the price of oil won't go down. Until they produce in mass, then, I just don't see us returning the the glory days. It's hard for me to take all this optimism seriously when SA produced more in 1980 than it does today, when oil has gone up steadily from 2000 despite all the untapped reserves. Seeing is believing.


You aren't going to get anything remotely sensible out of the House of Saud. Those guys are so far off the radar of reason and logic, fabrication comes easy, with a smile on it.

Whats amazing is that a whole army of bookish Western experts believe these fellows!!
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Re: Jim Rogers: Saudi Arabia lying, can't increase productio

Unread postby seahorse3 » Mon 07 Mar 2011, 18:25:38

$this->bbcode_second_pass_quote('', 'J')im Sinclair’s Commentary

World changing events are taking place in the oil rich Middle East.

Peak oil has passed. The economic dominance of the West is now history.

Those that have planned and organized the Middle East events are those that benefit here and there from chaos and $500 crude.



Makes as much sense as anything else I've read.
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