[ennui2]

$this->bbcode_second_pass_quote('rockdoc123', '
')Although playing up large reserves at this point in time is bad form it is also dangerous to suggest there is nothing there. Doing so puts you in the camp of cranks.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'r')$this->bbcode_second_pass_quote('', 'o')ckdoc, discoveries (not reserves, not even resources) had plummeted even during the high-price regime before 2014 Discoveries of new oil and gas reserves drop to 20-year low

[rockdoc123]

It is amazing to me how quickly you shift your arguments and seemingly forget what it was you wrote one page up thread.

This is what you actually said
$this->bbcode_second_pass_quote('', 'I') challenge you investment-scamming shills to name a new significant reserve addition. Just one. Come on your flacks, man/woman up and give us a new giant reserve by name, year of discovery. Even some little pikers would do.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', 'n')othing's shifted except your argument. It's shifty lol

[AdamB]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('pstarr', 'n')othing's shifted except your argument. It's shifty lol

[AdamB]

Upon second thought Mr pstarr, I am quite happy to remove this evidence of your hypocritical stand on such things as human sustainability and someone in your families happiness at the death of such beautiful creatures. If you want to pretend to continue to care about our eco-systems while members of your family contradict your claims in pictures across such a public forum as Facebook, you can continue doing so, I hate to expose a fraud who would prefer to keep pretending they are something else.

Just say the word and I will remove the post while I still can, there appears to be a limited amount of time edits are available to posters. And then you can go back to pretending that you care about the environment and all.

[ennui2]

Please. It's simply not necessary to use "Walrusgate" (or is it "SeaLionGate?" to discredit PStarr. There's plenty of less questionable material available to hoist him upon his own petard.

[AdamB]

$this->bbcode_second_pass_quote('ennui2', 'P')lease. It's simply not necessary to use "Walrusgate" (or is it "SeaLionGate?" to discredit PStarr. There's plenty of less questionable material available to hoist him upon his own petard.

[ennui2]

This is why I just set him to ignore. The one thing that bothers him more than disagreement is him not getting the attention he sorely craves.

[radon1]

$this->bbcode_second_pass_quote('pstarr', 'A')dam, ennui, marmico, radon, can't identify new discoveries.

[ROCKMAN]

"Everyone knows that (outside the majors and service companies) investment scams drives the oil industry.". What I know for a fact: there have been many outright crooks who have cheated hundreds of private investors. I've dealt DIRERCTLY with a number of them...even helped the Texas Rangers arrest a couple of them 30 years ago.

But the vast majority (95%+) of the hundreds of wells I've participated in were drilled by joint ventures composed of sophisticated companies and not private investors. In fact I've only worked for one company during my 41 years that took private investors. Companies avoid them (and even very small independent companies) because they are typically a pain in the ass. LOL. The job is difficult enough without having to handhold "children".

But let's talk about public companies that have millions of unsophisticated investors called " sharerholders". But how is that dynamic and losing money any different then with all the other pubcos in the world? Each stock buyer is responsible for their decisions even if they don't know what the f*ck they are doing. And except for IPO's (the revenue going directly to the company) what about the VERY VAST majority of all monies used to buy into all the pubco shale players? Not one penny was given to the companies themselves...it all went to the previous stockholder. If a new stockholder got "cheated" then they weren't cheated by the oil company.

OTOH if a company loses money and the stock price falls? Well, that's the nature of the stock market, isn't it? Of course if the company violated govt regulations (such as making intentionally misleading claims) shareholders can use that to go after them. But you can't charge someone for making the wrong decisions.

So, with the exception of monies raised in public stock offerings, very little private investor monies were used to pay for the drilling of the shale wells. Money pissed away by folks buying stock in shale playing pubcos? Hell yes...sh*tloads. LOL Just like the sh*tloads lost in the dotcom, mortgage, home building, airline, etc. booms in the past.

[SumYunGai]

$this->bbcode_second_pass_quote('radon1', '')$this->bbcode_second_pass_quote('pstarr', 'A')dam, ennui, marmico, radon, can't identify new discoveries.

[ennui2]

It's a sad fact of life that perseverance in any online debate gives the appearance of victory.

Therefore these battles always start to feel more like a filibustering than anyone else, and whoever layers on the last repetitive restatement of their assertion gets to showboat and claim victory.

That appears to be where we're headed. Those who have "a life", something I've been accused of not having, will eventually regain their sanity and pursue other more productive ventures than to keep playing rhetorical whack-a-mole with idiots.

Meanwhile, the patients will proceed to take over the asylum.

There's really nothing to be gained from day-to-day interaction with these people. It's not like if I clocked out for a week or a month that when I come back I will have missed some sort of insightful comment.

What matters is the flow of history and how it either confirms or trashes this or that theory.

Everything inbetween, the moment by moment sniping, is pointless.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', '
')All they can do is mock because the facts speak for themselves: preciously few significant oil discoveries for several decades. While we burn 30 billion barrels a year, and discover a pitiful few billions per year