[asg70]

If I had a dollar for every post of his with "Ponzi scheme" in it I could pay the federal deficity...

[ROCKMAN]

Not that it changes the inevitability of global PO but there's always more oil to develop. From:
https://www.rigzone.com/news/offshore_u ... 2-article/

"In its latest results update on Thursday, Premier Oil revealed that the Catcher development, located offshore UK, is expected to reach an output rate of 60,000 barrels of oil per day (bopd) ahead of plan.

What such reports make look foolish are claims that "there is no more oil left to find". Extremist statements on both sides of the issue does not advance public understanding.

[vtsnowedin]

$this->bbcode_second_pass_quote('ROCKMAN', 'N')ot that it changes the inevitability of global PO but there's always more oil to develop. From:
https://www.rigzone.com/news/offshore_u ... 2-article/

"In its latest results update on Thursday, Premier Oil revealed that the Catcher development, located offshore UK, is expected to reach an output rate of 60,000 barrels of oil per day (bopd) ahead of plan.

What such reports make look foolish are claims that "there is no more oil left to find". Extremist statements on both sides of the issue does not advance public understanding.

[ROCKMAN]

vt - Just a small short term peak never coming close to its all time high peak. Just momentary slow down on the way to the bottom. See chart...From https://oilprice.com/Energy/Crude-Oil/C ... -2019.html

"UK oil production peaked in 1999. The peak was probably pushed out a couple of years because of the major production interruptions following the Piper Alpha disaster. Production declined quickly until around 2011, then the high oil price allowed more brownfield and then greenfield developments that created a third local peak in 2016. Production is declining again this year but there are several large projects due that will create another peak in 2018 or 2019 (nearly equal to the 2016 one). After that terminal decline is likely. The chart below shows C&C production split according to the year of first production of the field."

[vtsnowedin]

$this->bbcode_second_pass_quote('ROCKMAN', 'v')t - Just a small short term peak never coming close to its all time high peak. Just momentary slow down on the way to the bottom. See chart...From https://oilprice.com/Energy/Crude-Oil/C ... -2019.html

"UK oil production peaked in 1999. The peak was probably pushed out a couple of years because of the major production interruptions following the Piper Alpha disaster. Production declined quickly until around 2011, then the high oil price allowed more brownfield and then greenfield developments that created a third local peak in 2016. Production is declining again this year but there are several large projects due that will create another peak in 2018 or 2019 (nearly equal to the 2016 one). After that terminal decline is likely. The chart below shows C&C production split according to the year of first production of the field."

[Tanada]

$this->bbcode_second_pass_quote('ROCKMAN', 'v')t - Just a small short term peak never coming close to its all time high peak. Just momentary slow down on the way to the bottom. See chart...From https://oilprice.com/Energy/Crude-Oil/C ... -2019.html

"UK oil production peaked in 1999. The peak was probably pushed out a couple of years because of the major production interruptions following the Piper Alpha disaster. Production declined quickly until around 2011, then the high oil price allowed more brownfield and then greenfield developments that created a third local peak in 2016. Production is declining again this year but there are several large projects due that will create another peak in 2018 or 2019 (nearly equal to the 2016 one). After that terminal decline is likely. The chart below shows C&C production split according to the year of first production of the field."

[asg70]

I wonder, if prices go back down again (due to further gluts) will we see Short reappear and claim victory for ETP?

[StarvingLion]

The Shale "Revolution" occurred when the US Dollar became worthless (2008). What a coincidence. They couldn't find the "sweetspots" anytime before for some odd reason. Of course Shale was a brand new play (yuk yuk started in 1895) and of course it based based on new technology (yuk yuk 1980). I wonder why all that "genius" didn't happen until the financial collapse of 2008?

TRUTH: There are no sweetspots. Thats why the UK shale industry doesn't exist, nor Polish. Thats why GE faked its numbers. Knew that the annointed big shale scams were posting bogus numbers so they thought it would work for them too. But they are the fall guys. The Shale ponzi has to eat something to dust and its GE (currency debauchery for shale destroying the industrial base) . The gas turbines are idling because of the Wind Ponzi and nobody is paying the bills.

Scamerica cannot secure all the deep water proper conventional reservoir oil because the currency is worthless. Thats why shale "exists".

THE CURRENCY IS WORTHLESS

[AdamB]

$this->bbcode_second_pass_quote('StarvingLion', 'T')he Shale "Revolution" occurred when the US Dollar became worthless (2008). What a coincidence.

[StarvingLion]

BP down over 3% today. It is falling like a rock. XOM has resumed its freefall. GE hitting the $13 mark, been dropping for the past 18 years. Adam says thats normal.

Fusion bullshit going ballistic. The abiotic oil cranks are coming out of the woodwork.

Everybody is changing their name (eg. Statoil) selling themselves as JUST ANOTHER WINDMILL PEDDLER

People, this is TOTAL COLLAPSE in action.

Lets face it, The Dollar is backed by Weed, nothing else

[Outcast_Searcher]

$this->bbcode_second_pass_quote('StarvingLion', 'B')P down over 3% today. It is falling like a rock. XOM has resumed its freefall. GE hitting the $13 mark, been dropping for the past 18 years. Adam says thats normal.

[StarvingLion]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('StarvingLion', 'B')P down over 3% today. It is falling like a rock. XOM has resumed its freefall. GE hitting the $13 mark, been dropping for the past 18 years. Adam says thats normal.

[asg70]

The last thing anyone should do if they want to improve peak oil credibility is give StarvingLion a venue to rant.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('asg70', 'T')he last thing anyone should do if they want to improve peak oil credibility is give StarvingLion a venue to rant.

[ROCKMAN]

T - "It seems odd to me that you would refer to the minor and short lived up tick in production in 2016 as a 'peak'". I completely agree. But they used the term "peak". Which I took as a intentional effort to mislead any reader that did not look at the details. Which is exactly why I posted those details.

And I still get a laugh when I see PO "credibility" tossed out. Of course it's credible: it's a statistical FACT. Of course any effort to predict the date of global PO is subject to a credibility debate. But as we all know oil is a finite resource. And tech improvements and higher oil prices can increase the amount of oil being produced. But neither increases the amount of oil left in Mother Earth: that value remains finite. Which confirms the FACT that at some time the daily production of oil will peak and never again reach that level.

[StarvingLion]

General Electric stock down 2.5% today hitting lows not seen since 2008 "Financial" Crisis. Its gone from $30 to $14 in just one year.

shares of industrial and infrastructure giant General Electric ...

Bankrupt from a worthless junk currency.

America's so broke it cannot even afford antibiotics.

The morons are running around worshipping The Solar Cell.

LOL....

[spike]

S lion I suggest you read the story about Chicken Little and the Acorns.

[marmico]

Laherrere is at it again. It seems that he has teamed up with Charlie EROI Hall for some presentation. He is unbelievable. He punches out fantastic work in his late 80s.

https://aspofrance.files.wordpress.com/ ... 9march.pdf

The paper is a mea culpa. Good for him. US URR has increased from 220 Gbs in 2002 to 300 Gbs in 2018. But the US peak is 2018.

[asg70]

$this->bbcode_second_pass_quote('spike', 'S') lion I suggest you read the story about Chicken Little and the Acorns.

[coffeeguyzz]

marmico

Actually, I think Laherrerre missed the Appalachian Basin potential in a very big way.

Going to Enno Peters' site and punching up the counties between NEPA and SWPA, one finds very productive wells that are pretty old ... aka archaic design. Just very little development due to pricing, lack of takeaway, and not able to compete with Susquehanna, Greene, et al.

However, in what I consider one of the bigger bombshells in some time in the 'shale world', CNX just announced at their March presentation plans to develop over 1,700 Deep Utica wells in both Central PA and SWPA.
The clear implications that CNX feels the Utica is comparable to the Marcellus cannot be over emphasized in its importance.