[AdamB]

$this->bbcode_second_pass_quote('', '
')
At the same time, the renewable energy sources will become more important. Despite the cautious sentiment, traders said oil prices were unlikely to fall far, largely due to supply restrictions led by the Organization of the Petroleum Exporting Countries and Russian Federation, which have helped reduce excess stockpiles. Solar power will surge globally in the coming decades, but oil demand will also continue to grow, according to a new report from the International Energy Agency. "This is why, absent any geopolitical premium, we may not have seen a "new normal" for oil prices". If US production stays at current levels, the IEA said, and a trend towards adopting electric cars accelerates, prices could stay between US$50 and US$70 a barrel until 2040. Lower prices are helping to support oil demand, and the IEA raised its projections for global consumption through

[Plantagenet]

How do you imagine US oil and gas production will soar 25%?

Where exactly will the additional oil and NG come from?

Cheers!

[AdamB]

$this->bbcode_second_pass_quote('Plantagenet', 'H')ow do you imagine US oil and gas production will soar 25%?

Where exactly will the additional oil and NG come from?

Cheers!

[coffeeguyzz]

Plant
I've been reading many of your comments over the years and I still cannot figure you out.
By 'figure out', I simply mean I do not know if you have at least a minimal grasp of this so called Shale Revolution.

Occasionally, you seem to be aware of relevant data, and then you post outlandish- sounding comments like the one above ... "where will the additional oil and NG come from"?
If you are ignorant of the qualified estimates regarding areas such as the Bakken, multiple Permian plays, Mancos, Haynesville/Bossier, Marcellus/Utica, fine.
We are all of us ignorant of a great many things in this world which could, hopefully, provide opportunities to learn.

If, in fact, you are an acolyte of Mr. Short, Pisstar, that Steve guy who just posted another in a VERY lengthy list of inaccurate analysis, great.

Please continue to embrace both your ignorance and unwarranted sarcasm as those of us who seriously study this important topic will know to relegate your opinions down there with the unbalanced Sleepless One.

[Plantagenet]

$this->bbcode_second_pass_quote('coffeeguyzz', ' ')you post outlandish- sounding comments like the one above ... "where will the additional oil and NG come from"?

[GHung]

So the article posits that the US will be producing 11 - 12 mmbd, significantly more than it has ever produced, even as demand goes flat or drops?

Color me skeptical.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('GHung', 'S')o the article posits that the US will be producing 11 - 12 mmbd, significantly more than it has ever produced, even as demand goes flat or drops?

Color me skeptical.

[GHung]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('GHung', 'S')o the article posits that the US will be producing 11 - 12 mmbd, significantly more than it has ever produced, even as demand goes flat or drops?

Color me skeptical.

[ROCKMAN]

P - "How do you imagine US oil and gas production will soar 25%?"' Easy: $100/bbl for oil for the next 7 years.

"Where exactly will the additional oil and NG come from?" Easy answer again: all those trends that are not economical to drill at the current price of oil.

So easy to answer general questions with non-specific general answers. Ask me some more...I'm on a roll. LOL.

[Plantagenet]

$this->bbcode_second_pass_quote('ROCKMAN', '$')100/bbl for oil for the next 7 years...... Ask me some more...I'm on a roll. LOL.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('GHung', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')And what is your source for global oil demand dropping by 2025?

[GHung]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('GHung', '')$this->bbcode_second_pass_quote('Outcast_Searcher', '
')And what is your source for global oil demand dropping by 2025?

[StarvingLion]

$this->bbcode_second_pass_quote('', 'A')t the same time, the renewable energy sources will become more important.

[ROCKMAN]

P - Read my answer again: I didn't predict anything. You asked under what conditions that 25% increase might develop. I gave what I think would be the minimum requirement. I don't predict long term oil prices. Never have...never will. That's a fool's game IMHO.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('GHung', '
')Jeez, O_S, try to not be such a confrontational ass. It's the article. Not me. If you have problems with that, contact the people making claims in the article. I didn't post the article OR the thread. Indeed, I was questioning the voracity of the claims in the article. Damned dishonest of you to imply otherwise.
Must really suck being some of you guys.

[kublikhan]

$this->bbcode_second_pass_quote('', 'I')n a monthly report, the Paris-based body said it had revised down its demand forecasts for both this year and next by 0.1 million barrels per day (mb/d).

Fuel efficiency and rising vehicle electrification will bring a peak in oil used for passenger vehicles, even with a doubling of the auto fleet to two-billion vehicles.

Christopher Kuplen, BofAML's Research Analyst, argues that since 55 per cent of global oil is consumed in transportation, of which more than half by passenger vehicles, the demand for oil would eventually fall.

Chris Watling, CEO and chief market strategist at Longview Economics, was quoted as saying that the adoption of EVs could lead to global peak oil demand as soon as 2023, which will result in oil prices crashing to $10.

[Plantagenet]

$this->bbcode_second_pass_quote('ROCKMAN', ' ').....$100 oil for the next seven years....