[ROCKMAN]

Outcast - Some good points...except for the "easy oil" crap. LOL. The Rockman began hunting for oil 40 years ago. Trust me: it wasn't f*cking easy. And the old farts that trained me had been hunting for oil for decades before I started. And not one of them had a single story about an easy discovery. The exploration success rate was much worse in the "good ole days" the it is today. What has changed? There are fewer fields left to find.

Carefully read what I just posted to vt.

[vtsnowedin]

OK got it. Today it takes less energy and money to drill a 10,000 hole in the GOM off the coast of Guyana below two miles of sea water then it did to drill a 10,000 foot hole in West Texas in 1960. Got it.

[AdamB]

$this->bbcode_second_pass_quote('Peakoilpost', 'F')rom Daily Tech, or is it Daily Denial?…


Despite Reality, Belief in Peak Oil Persists

“Peak Oil, a theory popular among Chicken Little types, has been much in the news recently. The idea behind it is that future production levels of any consumable resource can be reliably predicted based off a single factor: the size of the known reserves. Once half those reserves have been consumed -- so the theory goes -- production will steadily fall, no matter what.”

“So yes, oil will one day peak. But it won't be in our lifetimes, or our even our grandchildren’s. And when it happens, it won't be an earth-shattering catastrophe, but rather a smooth and natural progression to better, cheaper alternatives.”

Daily Tech Blog

For the record, here’s a quote from T. Boone Pickens’ testimony at the Senate Energy and Natural Resources Committee...

"The world produces 85 million barrels of oil a day, or more than 30 billion barrels of oil a year. We haven’t replaced that amount of consumption on an annualized basis since 1985. World oil production, I believe, has peaked, and the world’s current oil fields are declining at the rate of 8 percent a year. The simple truth is we’re never going above 85 million barrels of oil production."

[AdamB]

$this->bbcode_second_pass_quote('Yoshua', 'A')dam

I have made up my mind.

Peak conventional onshore 1980
Peak conventional onshore & offshore 2005
Peak conventional & unconventional onshore & offshore 2016

[asg70]

So old, apparently, that the link doesn't work anymore.

This site is fast becoming a time-capsule.

[Yoshua]

In the good ole days they used $1B offshore oil rigs? They developed $10B oil fields like Manifa?

The diesel to drill a hole is a minor cost (as you have stated your self). It is the total cost that has gone up exponentially.

The largest part of the energy is consumed in the oil rigs and the development of an oil field. The TOTAL energy cost is rising exponentially.

[Yoshua]

Capex = Energy

It takes energy to produce capex and that is were the most of the energy is consumed in oil production.

[StarvingLion]

$this->bbcode_second_pass_quote('', 'P')eak conventional & unconventional onshore & offshore 2016

[Subjectivist]

$this->bbcode_second_pass_quote('StarvingLion', '')$this->bbcode_second_pass_quote('', 'P')eak conventional & unconventional onshore & offshore 2016

[AdamB]

$this->bbcode_second_pass_quote('Yoshua', 'C')apex = Energy

[Outcast_Searcher]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('Yoshua', 'C')apex = Energy

[Yoshua]

Capex > Cash Flow

[marmico]

You mean ASPO Artie changed his tune. Tight oil was nuttin' but a retirement party at the ASPO May 2012 Austria get together but 6 years later it is now a marginal business. Oh, that's right. Artie did retire from ASPO.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Yoshua', 'C')apex > Cash Flow

[peakoilwhen]

there will never be a geo-peak in oil. There's more oil in the ground every day than the previous day. The Earth produces more oil than humans consume every day. Every day the Earth produces more oil than it did the previous day. All the evidence so far aligns with this ( i.e. year on year world oil production records far beyound what doomers over the last 100 year thought possible ). Testament to the infinite oil under our feet is the fact that after decades of screams from doomers & finiters that this time THIS TIME we have really got to the end of oil, we are still at $50/barrel. That's barely scrapping the surface. Until oil gets past $1000 barrel, not even the most diehard doomer need raise and eyebrow or write a letter about peak oil. And that will never happen anyway.
No-one know this more than rockdoc aka david, but he's been swept over by this doomathon over this 'cheap and easy as water' $50 oil atm into believing peak oil is imminent, but he can't admit it. It's tangled in with his knowledge that there's barely inuf cash in the oil industry to keep the oil flowing, but thats just capitalism for u, big fish need famines so the little fish remain weak and can be eaten. Can't have all the little upstart oil companies getting established aside the big boys.

[GHung]

$this->bbcode_second_pass_quote('peakoilwhen', 't')here will never be a geo-peak in oil..... blah, blah, blah...

[AdamB]

$this->bbcode_second_pass_quote('', ' '): A Tiny Seven Step Program for Happiness, Beauty, Truth, and Love
"I see a lot of people telling us the world is crashing and burning but very little advice for little people able to plan for the future. Help!!” I get emails. And sometimes I even write essays about them. So. How is one to survive all this — these tumultuous, anxiety-inducing times? I’m going to take you through a seven step self-help program, from tiny to big, shallow to deep, and then we’ll discuss the thinking behind it. Nourish your relationships. That friend you haven’t called in a decade? That cousin you never talk to? Call them, email them, message them. Build up your social networks — not cynically as we do now, things to preen before. But instead, in the traditional sense: networks of people who look out for each other, support each other, care for one another. Not only will it bring you strength,

[asg70]

Carolyn Baker, notorious for being a close friend of Mike Ruppert, who committed suicide, is going to school us on how to think happy thoughts.


Shiny happy people holding haaaaands.

[Tikib]

Peak oil, as in the threat of running out of either energy in general, or energy specifically for transportation is no longer a threat in my opinion. I have researched energy issues for a long time as many of you will know.

The rapidly increasing capability of renewables and electric vehicles as well the near-term prospect of large scale energy storage and fusion energy, make any energy based collapse in the next century very unlikely.

Climate change is however a significant threat and is almost certain to shorten lives, cost a lot of money as well as wiping some human settlements off the map entirely due to rising sea levels.

[Plantagenet]

$this->bbcode_second_pass_quote('Tikib', 'P')eak oil, as in the threat of running out of either energy in general, or energy specifically for transportation is no longer a threat in my opinion. I have researched energy issues for a long time as many of you will know.