[sparky]

.
The price of gas is 5.67 dollar per gallon in Germany this month , it's quite low by historical standard
Germany has one of the best automotive industry.

[Tanada]

$this->bbcode_second_pass_quote('sparky', '.')
The price of gas is 5.67 dollar per gallon in Germany this month , it's quite low by historical standard
Germany has one of the best automotive industry.

[GoghGoner]

Halcon Resources, U.S. Oil Explorer, Files for Bankruptcy

$this->bbcode_second_pass_quote('', 'T')he filing Wednesday in Delaware bankruptcy court listed $3.12 billion in debt and $2.85 billion in assets.

Wilson, who became a legend in the U.S. shale industry after selling Petrohawk Energy Corp. for $15.1 billion in 2011, bought up acreage in North Dakota, Texas, Mississippi and Pennsylvania, only to see several prospects fail to pan out and oil prices collapse. Halcon’s debt ballooned to $2.9 billion.

[ROCKMAN]

Goner - They really aren't bankrupt in a manner most folks understand the term. It is more a technicality allowing them to restructure the ownership of the company. Can't tell for certain from the details provided but it sounds like a pretty good deal for the lenders and shareholders in that it should free up very needed capex for the new company.

[GoghGoner]

Rock, yeah, I know that bankruptcy isn't the end of the business. There was one oil company that has already filed bankruptcy twice in the past year and they still keep operations going. But bankruptcy does mean that somebody is going to take a haircut and that is where it is interesting -- everyone of these filings takes more liquidity away.

[ennui2]

But it's been shown to you multiple times that people aren't demanding less. They are taking road trips. So enough is enough with your demand destruction meme.

http://newsroom.aaa.com/2016/05/aaa-38- ... y-weekend/

[onlooker]

first of all Ennui, you glossed over Pete's point of how Oil and fossil fuels are subsidized just so we can somehow keep the sense of normalcy going even as the EROIE is becoming worse and worse. Thus, we have less and less for all other needs of the Economy. Second, why do you cite an obviously biased source about Americans driving and taking trips. So big deal they have managed to get away for Memorial Day weekend. How does that translate to a vibrant economy? I notice you do not post about how many Americans are the govt. dole or how many work in low paying, soul draining jobs etc. So, your insistence that all is well because of your so called "glut" is bogus. Yes, we have not hit rock bottom but slowly but surely this ship is sinking.

[radon1]

$this->bbcode_second_pass_quote('onlooker', ' ')so we can somehow keep the sense of normalcy going even as the EROIE is becoming worse and worse.

[radon1]

$this->bbcode_second_pass_quote('pstarr', '
')'fluctuates a bit around 1' In what manner? How much?

[ennui2]

$this->bbcode_second_pass_quote('onlooker', '
')why do you cite an obviously biased source about Americans driving and taking trips.

[onlooker]

You seem to misrepresent my and most other doomers position on doom. We are not saying doom is now or at some specific future date but that humanity has set itself up optimally for very dire outcomes. It is a process and that process flows from increasing pressures due to our actions and inaction as well as unintended and unforeseen vicissitudes that occur . I for one have never given any date for anything

[radon1]

$this->bbcode_second_pass_quote('pstarr', 'r')adon1, you defintion of EROEI:

[ennui2]

$this->bbcode_second_pass_quote('pstarr', 'W')hen that transport fuel disappears for folks, regions, entire economies than the TS does HTF

[ennui2]

This is going in circles. Rockman already explained that the oil usage in extraction is far less than doomers claim it does. "cost" tends to manifest itself in other aspects of overhead besides the wellhead.