[AdamB]

$this->bbcode_second_pass_quote('ennui2', '[')url=https://student.societyforscience.org/article/brain-damage-seen-potent-marijuana-smokers]Maybe a little too much pot being smoked over in Humboldt county would explain things?[/url]

[dissident]

So much cornucopian masturbation in this thread including from the resident anthropogenic climate change denier. So some previously undeveloped but known and expensive resource was exploited (Bakken, Eagle Ford, etc.). Big f*cking whoop. That in no way supports the notion that price will release a never ending amount of untapped reservoirs. I dare any of you cornucopian clowns to identify a single new tight oil or bitumen formation in the USA that has been discovered in the last few years that has any significance. And US oil and condensate production actually fell 8% over the last year. So this cornucopia can't even deliver on a sustained basis without economy-destroying prices.

The report cited in the original post is a total joke. It just takes existing reservoirs and applies an ad hoc scaling factor. Not a single bit of evidence is provided of new deposits. If it's quoted by CNN then it must be God's truth, since CNN knows oil....

$this->bbcode_second_pass_quote('', 'B')ut there are seas of oil just waiting to get tapped once oil prices rebound. Texas, home to the Eagle Ford, Permian and Barnett shale oil plays, holds more than 60 billion barrels of shale oil alone, Rystad estimates. That's more than the untapped oil in all of China. There are also vast sums of oil beneath the ground in North Dakota, where the Bakken shale oil play sits.

[AdamB]

$this->bbcode_second_pass_quote('dissident', ' ')So some previously undeveloped but known and expensive resource was exploited (Bakken, Eagle Ford, etc.). Big f*cking whoop. That in no way supports the notion that price will release a never ending amount of untapped reservoirs.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'I') dare any of you cornucopian clowns to identify a single new tight oil or bitumen formation in the USA that has been discovered in the last few years that has any significance.

[StarvingLion]

Here is what all that Shale "Goodness" is bringing...The MASSIVE losses from Shale has to come from somewhere. They are barring the Fire Exit doors to make sure no one escapes some Shale Bail-In Lovin. Then comes the Bomb-In's "This is the Mayor speaking. I've ordered an air-strike on ourselves. We are not sustainable":

https://johntrumanwolfe.com/blog/

THE WAR ON CASH: CAUSES AND CURES

That we are moving at light speed to a cashless society is not the plan of some future dystopian agenda.

It is happening now.

Moreover, virtually every major country and / or central bank in the world has instituted restrictions on the use or ownership of cash. I mean everybody has jumped on this bandwagon.

This dramatically increases bank revenue and cuts the expense of handling that filthy paper. It can also stop bank runs.

But if the banks institute sweeping negative interest rates, depositors will take their money out of the bank and put it in safes at home, or under the mattress, in the cookie jar, or in the out house.

But if money is digital….no can do.

This agenda is in full swing globally as we speak.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'H')ere is what all that Shale "Goodness" is bringing...The MASSIVE losses from Shale has to come from somewhere:

[ennui2]

$this->bbcode_second_pass_quote('pstarr', 'T')he United States of Gluttony alone

[tita]

$this->bbcode_second_pass_quote('ennui2', 'I')f you go by geology alone, one can assume that eventually, shale will become a "thing" in other countries.

There's no truth to the idea that other countries are somehow so superior in virtue and culture that they won't go there.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'T')ight shale has not been produced (in measurable quantity) anywhere else. And won't be.

[AdamB]

$this->bbcode_second_pass_quote('tita', '
')But first, we have to answer the question of the economic benefits of US shale. Which is not easily answered by the amount of oil produced daily, but also from the economics that were involved in it. It is actually not very successful. And not many leaders are interested in unsuccessful economic adventure.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'B')ut first, we have to answer the question of the economic benefits of US shale. Which is not easily answered by the amount of oil produced daily, but also from the economics that were involved in it. It is actually not very successful. And not many leaders are interested in unsuccessful economic adventure.

[AdamB]

$this->bbcode_second_pass_quote('rockdoc123', '')$this->bbcode_second_pass_quote('', 'T')ight shale has not been produced (in measurable quantity) anywhere else. And won't be.

[rockdoc123]

well maybe you should go somewhere other than Wikipedia, perhaps Reuters

$this->bbcode_second_pass_quote('', '&')quot;Today the Loma Campana field is producing 44,000-45,000 barrels per day equivalent," Galuccio said.

Galuccio was referring to the field YPF is exploiting with Chevron Corp and which accounts for nearly all of Argentina's shale production.

"This is the highest level of production from a non-conventional resource anywhere outside of the United States," Galuccio said.

The figure compares with production of 41,000 bpd reported by YPF in late February.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'O')il equivalent Rockdoc. This is an oil thread, not natural gas

[Synapsid]

rockdoc,

One thing I'm wondering about in Argentina is the Supreme Court's stepping in to prohibit what was going to be a price hike for NG to something like $7.50/MMBTU. This was last week, and I believe it's the first time the Court has done such a thing. I'm looking to see if they're looking at oil as well.

Always something of interest in NW Argentina. If it isn't oil, it's dinosaurs.

[StarvingLion]

$this->bbcode_second_pass_quote('', ' ')shooting for Zuckerberg elitism