[SamInNebraska]

$this->bbcode_second_pass_quote('ralfy', 'T')hey will, but by then it will no longer matter.

[Heineken]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('mmasters', 'W')ill the media ever fully embrace peak oil?...
I mean embrace it as a crisis and give it at least somewhat the status it deserves rather than just a cover story.

[dorlomin]

$this->bbcode_second_pass_quote('pstarr', 'I') mean really. Does anybody believe the tight-shale scam can continue much longer? Look at the facts. What do you get for your $10 million investment? A single 20,000 ft. well, a fract job and 130/bpd.

[Lore]

Costs will continue to escalate. For one thing, there is a vicious cycle where we're using cheaper energy, and products made from that, to extract expensive energy. As less of the former becomes available the latter will make the extraction cost untenable.

[ralfy]

$this->bbcode_second_pass_quote('SamInNebraska', '')$this->bbcode_second_pass_quote('ralfy', 'T')hey will, but by then it will no longer matter.

[Econ101]

$this->bbcode_second_pass_quote('pstarr', 'S')imple fact: advanced industrial nations go into recession and then depression when fuel accounts for more than 5% of GDP. 3rd world countries do same at 10%. See Hamilton.

So no. Saturian space methane is too expensive to produce. As is Green River Shale and Orinocco super heavy. I would expect someone with your expertise to understand this, Econ101. You Sam. Not so sure.

[Econ101]

$this->bbcode_second_pass_quote('pstarr', 'I') mean really. Does anybody believe the tight-shale scam can continue much longer? Look at the facts. What do you get for your $10 million investment? A single 20,000 ft. well, a fract job and 130/bpd. That kind of production would be shoddy for an old Venango County stripper. And what's more, the lease-holder would still have to invest another $5 million on the next fract job, two years down the road. I don't see how Grannie couldn't afford denture cream on that kind of rental income.

[Econ101]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('Lore', 'C')osts will continue to escalate. For one thing, there is a vicious cycle where we're using cheaper energy, and products made from that, to extract expensive energy. As less of the former becomes available the latter will make the extraction cost untenable.

[dorlomin]

$this->bbcode_second_pass_quote('Econ101', 'Y')ou must not be aware of the 1 billion North Dakota has committed to road projects?

[ennui2]

I hate to say it, but Yergin may have been right to predict that unconventional would work and peakers may have been biased in the other direction. What's probably going to happen is somewhere in the middle, in which case we DO in fact have a respite for a while. Maybe not 30 years, maybe more like 5-10, but a respite nonetheless, and as terrible as this is for the environment, I guess it's not such a bad thing. I've got a daughter to raise and nobody in my family got behind my plan to pool resources and move to a doomstead in VT.

[SamInNebraska]

$this->bbcode_second_pass_quote('ennui2', 'I') hate to say it, but Yergin may have been right to predict that unconventional would work and peakers may have been biased in the other direction. What's probably going to happen is somewhere in the middle, in which case we DO in fact have a respite for a while.

[Econ101]

$this->bbcode_second_pass_quote('ennui2', 'I') hate to say it, but Yergin may have been right to predict that unconventional would work and peakers may have been biased in the other direction. What's probably going to happen is somewhere in the middle, in which case we DO in fact have a respite for a while. Maybe not 30 years, maybe more like 5-10, but a respite nonetheless, and as terrible as this is for the environment, I guess it's not such a bad thing. I've got a daughter to raise and nobody in my family got behind my plan to pool resources and move to a doomstead in VT.

[Econ101]

$this->bbcode_second_pass_quote('Lore', 'C')osts will continue to escalate. For one thing, there is a vicious cycle where we're using cheaper energy, and products made from that, to extract expensive energy. As less of the former becomes available the latter will make the extraction cost untenable.

[dissident]

People are tripping over themselves proclaiming a shale oil bonanza. Where is it? It's not in the millions of barrels per day. The Bakken is producing 700,000 barrels per day and it is by far the largest "shale oil" source in the USA. It experienced a drop in production in December. Is it headed for 7 million barrels per day? A snowball's chance in Hell.

[dorlomin]

$this->bbcode_second_pass_quote('Econ101', 'O')nce again they turned to an unconventional method called fracking.

[dorlomin]

$this->bbcode_second_pass_quote('Econ101', ' ')Rig counts are becoming manageable as supply infrastructure is developed and efforts become more focused on the long run.

[SeaGypsy]

Unconventional is the new abiotic. What a goose.