[Newfie]

We have attacked 3 Houthi radar sites in retaliation.

http://gcaptain.com/u-s-strikes-yemen-m ... navy-ship/

[dashster]

$this->bbcode_second_pass_quote('ROCKMAN', 'd') - "...from 13% to 33% (approximate 150% increase) in 4 years". A minor point but that's about a 250% increase.

[ROCKMAN]

d - No big thing but you said 150%. But you're correct otherwise

I was strolling down through Memory Lane and ran across this doozey here. Not surprisingly, westexas seems to have disappeared.

Score:
Micheal Lynch 1
westexas 0
$this->bbcode_second_pass_quote('westexas', 'F')ollowing is an excerpt from an OpEd that Lynch wrote in August, 2009, where he predicted that oil prices would soon be back down to close to $30. Note that Brent averaged $80 in 2010 and $110 for 2011 to 2013 inclusive–for a four year average price in excess of $100 for 2010 to 2013 inclusive.

Based on Lynch’s track record and based on his current revised forecast for a $50 to $60 price (about twice his previous prediction), I suppose that we should expect an average Brent price of about $150 to $180 for 2016 to 2019 inclusive.

'Peak Oil’ Is a Waste of Energy
By MICHAEL LYNCH
Published: August 24, 2009

$this->bbcode_second_pass_quote('', '�')��Oil remains abundant, and the price will likely come down closer to the historical level of $30 a barrel as new supplies come forward in the deep waters off West Africa and Latin America, in East Africa, and perhaps in the Bakken oil shale fields of Montana and North Dakota. But that may not keep the Chicken Littles from convincing policymakers in Washington and elsewhere that oil, being finite, must increase in price.”

[copious.abundance]

It's amusing watching someone call someone a "quack" who was proven to be right.

[Cog]

Peak oil doomers prefer not to be reminded of their past prediction failures. Copious reopened the memory hole where bad predictions go to die. Shame on him. LOL

[dolanbaker]

$this->bbcode_second_pass_quote('', 'a')n average Brent price of about $150 to $180 for 2016 to 2019 inclusive.

[Cog]

But according to the ETP peak oil doomers, the price of oil can never rise, but only go down to zero. Pstarr told me this himself not long ago.

[AdamB]

$this->bbcode_second_pass_quote('Cog', 'B')ut according to the ETP peak oil doomers, the price of oil can never rise, but only go down to zero. Pstarr told me this himself not long ago.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', '
')The idiot was right regarding Bakken, for a few precious years. But the rest, deep water and Arctic were/are a complete bust. So much for the $million dollar con man.

[Cog]

Not to worry AdamB. When the price of oil rises over the next few years, the ETP doomers will come up with some reason. Or maybe they will chase the next new chart, graph, or construct that will suit the new reality. I'm just here to watch the endless excuses of why they are wrong yet again.

[ROCKMAN]

Starman - The DW GOM is a bust? So the definition of a bust, based on the EIA stats, is now defined as 3,400+ wells in 210+ fields that have produced a cumuilative 7 BILLION bbls of oil and is still producing about 400 million bbls of oil. Makes me wonder what a success would look like.

$this->bbcode_second_pass_quote('pstarr', 'H')ere you go, a piece of b@llshit propaganda from that oil-company trash Lynch Peak Oil’ Is a Waste of Energy

$this->bbcode_second_pass_quote('', '[')u]Oil remains abundant, and the price will likely come down closer to the historical level of $30 a barrel as new supplies come forward in the deep waters off West Africa and Latin America, in East Africa, and perhaps in the Bakken oil shale fields of Montana and North Dakota. But that may not keep the Chicken Littles from convincing policymakers in Washington and elsewhere that oil, being finite, must increase in price.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('dolanbaker', '')$this->bbcode_second_pass_quote('', 'a')n average Brent price of about $150 to $180 for 2016 to 2019 inclusive.

[AdamB]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('pstarr', '
')The idiot was right regarding Bakken, for a few precious years. But the rest, deep water and Arctic were/are a complete bust. So much for the $million dollar con man.

[AdamB]

$this->bbcode_second_pass_quote('ROCKMAN', 'S')tarman - The DW GOM is a bust? So the definition of a bust, based on the EIA stats, is now defined as 3,400+ wells in 210+ fields that have produced a cumuilative 7 BILLION bbls of oil and is still producing about 400 million bbls of oil. Makes me wonder what a success would look like.