[Subjectivist]

Who is this Shorty you guys keep talking about, some super expert?

I can not picture po.com dieing from further proof Hubbert was right. Why would people run from the original and IMO best site to figure things out?

[SeaGypsy]

Only Shorty knows who Shorty really is. Some guy who knows how to use proxy IP's to get around being banned multiple times. He would love to be regarded as some kind of 'Super expert' but is more often regarded as a troll.

[Econ101]

$this->bbcode_second_pass_quote('davep', '')$this->bbcode_second_pass_quote('', 'I')f there is oil American companies are there, one way or another, because they know how to get it and get it to market.

[ralfy]

$this->bbcode_second_pass_quote('John_A', '
')
As opposed to Hubbert claiming that the world would only produce 12 billion barrels a day at peak? Ralfy, you just can't use any of these claims as having much of value. Peak oil happened, it became a plateau, something else will happen soon and the likelihood of what it will be is still up for debate.

[davep]

$this->bbcode_second_pass_quote('', 'T')he army is actually an unintended consequence of peak oil politics. As the US was forced to import and our business was mainly with the middle east the conflict grew in small increments until we have what we see today. Had we allowed normal development of known resources to go on in the 1970s the middle east situation and our army would be a lot different.

[Econ101]

$this->bbcode_second_pass_quote('davep', '')$this->bbcode_second_pass_quote('', 'T')he army is actually an unintended consequence of peak oil politics. As the US was forced to import and our business was mainly with the middle east the conflict grew in small increments until we have what we see today. Had we allowed normal development of known resources to go on in the 1970s the middle east situation and our army would be a lot different.

[John_A]

$this->bbcode_second_pass_quote('Subjectivist', 'W')ho is this Shorty you guys keep talking about, some super expert?

I can not picture po.com dieing from further proof Hubbert was right. Why would people run from the original and IMO best site to figure things out?

[ralfy]

$this->bbcode_second_pass_quote('Econ101', '
')
Very true. But then came the 1970s and Jimmy Carter and peak oil politics which really accelerated the clash of cultures etc. giving us the situation we have today. Had we continued orderly development in the United States the middle east situation would be nothing like it is today.

Peak oil politics was a major force in the chaos and mayhem we are experiencing from the middle east. Jimmy Carter unwittingly forced our culture on them by trying to please his peak oil political constituency here at home.

[Keith_McClary]

$this->bbcode_second_pass_quote('Econ101', 'H')ad we allowed normal development of known resources to go on in the 1970s

[John_A]

$this->bbcode_second_pass_quote('ralfy', '
')And there was no "peak oil political constituency."

[ralfy]

$this->bbcode_second_pass_quote('John_A', '
')
Are you sure? This guy was blathering on about it for years, he must have figured he was talking to somebody!

http://en.wikipedia.org/wiki/Roscoe_Bartlett

[John_A]

$this->bbcode_second_pass_quote('ralfy', '')$this->bbcode_second_pass_quote('John_A', '
')
Are you sure? This guy was blathering on about it for years, he must have figured he was talking to somebody!

http://en.wikipedia.org/wiki/Roscoe_Bartlett

[ralfy]

$this->bbcode_second_pass_quote('John_A', '
')
It wasn't called peak oil back then. With Jimmy it was all about running out and whatnot.

[Econ101]

As I have been stating for over a year now the impact of the oil shales will be to return oil pricing to a price competitive model made possible by increasing supplies. Peak oil politics limited supply and made a supply competitive model possible. This model assures us of the highest possible price and limited supply. A price competitive model assures us of reliable supplies and competitive price, as it was prior to the 1970s and the advent of peak oil politics.

This is currently the headline on MSN-MONEY:

US OIL OUTPUT BOOM SETS OFF WORLD-WIDE SUPPLY SHOCK:

Rising production will help meet most nations' demand in the next 5 years, even if the global economy picks up, leaving little room for OPEC to lift output without risking lower prices, the IEA says.

[Tanada]

$this->bbcode_second_pass_quote('Econ101', 'A')s I have been stating for over a year now the impact of the oil shales will be to return oil pricing to a price competitive model made possible by increasing supplies. Peak oil politics limited supply and made a supply competitive model possible. This model assures us of the highest possible price and limited supply. A price competitive model assures us of reliable supplies and competitive price, as it was prior to the 1970s and the advent of peak oil politics.

This is currently the headline on MSN-MONEY:

US OIL OUTPUT BOOM SETS OFF WORLD-WIDE SUPPLY SHOCK:

Rising production will help meet most nations' demand in the next 5 years, even if the global economy picks up, leaving little room for OPEC to lift output without risking lower prices, the IEA says.

[Pops]

$this->bbcode_second_pass_quote('Econ101', 'A')s I have been stating for over a year now the impact of the oil shales will be to return oil pricing to a price competitive model made possible by increasing supplies.

[Keith_McClary]

$this->bbcode_second_pass_quote('Econ101', 't')he impact of the oil shales will be to return oil pricing to a price competitive model made possible by increasing supplies.

[ROCKMAN]

Pops – It never ceases to amaze me how many folks think the cost drilling an oil/NG well has anything to do with the price that oil/NG produced from that well will sell for. I can spend $5 million to drill a Bakken well or $8 million and I’ll sell the oil for the same price. And that price might make me a handsome profit or might lose my ass. My oil/NG buyers couldn’t care less what it’s costing me to drill. They pay what the market place demands.

Of course, the amount of oil/NG coming into the market place is a factor in determining the sales price. But it’s no more important than the demand. That’ the dynamic that determines the price…not what it costs me to drill. Higher prices might induce me to drill more and thus add more oil/NG to the market place. But if demand goes up so might prices even in the face of increased production. Or, as we recently saw when the economic bust put the skids on those NG prices that were ramping up so nicely, prices were not the least bit affected by what all those companies overspent to drill the gas shale plays. Many of those players could probably drill the Haynesville today for less than half of what it cost them back in ’08. But it’s not happening to any great extent because current NG prices can’t justify another ramp up. How can that be…it costs so much less to drill now? As I said before now that the demand of rigs to drill for NG has dropped significantly it will cost me less per foot of hole then when I spent $180 million poking around for conventional NG a few years ago. And yet I haven’t spent $1 drilling for NG in the last year.

Maybe the cost of drilling isn’t as important as the price we can sell the oil/NG for. Ya think? LOL.

[clv101]

$this->bbcode_second_pass_quote('davep', 'W')hen Churchill made the move from a coal- to oil-fueled Navy a century ago, he was acutely aware of the risks of moving from a local to an imported resource. But as the UK was the major power at the time he considered the risk worth taking for the massive improvement in warship performance.