[KaiserJeep]

I cannot fathom anything about your motives, SL. Your "reasoning" is unclear as well. But you are definately euphoric, so please tell us what mind-altering substance you are consuming.

[StarvingLion]

$this->bbcode_second_pass_quote('KaiserJeep', 'I') cannot fathom anything about your motives, SL. Your "reasoning" is unclear as well. But you are definately euphoric, so please tell us what mind-altering substance you are consuming.

[AdamB]

$this->bbcode_second_pass_quote('coffeeguyzz', 'R')egarding contacting personnel involved in the hydrocarbon industry ...

I have e-mailed and called dozens of times over the years to folks from the EIA and the North Dakota DMR.
Every single time the responses have been both exceptionally helpful, gracious, and enlightening.

[AdamB]

$this->bbcode_second_pass_quote('StarvingLion', 'H')ow can there be a Shale Gas Revolution while the stock of General Electric has been going straight to 0 since Jan. 2017?

[AdamB]

$this->bbcode_second_pass_quote('StarvingLion', '
')California is BANKRUPT. The Lights are going OFF to stop Peak Oil and then The Oil Apocalypse. Thats what the Climate Change Hoax is about. We have to shut down because "we are wrecking the planet". Can't have that Peak Oil theme invading The Sheeples Pathetic Little Mind.

[asg70]

Keyword: WERE. They wised up and left the community, which is more that can be said of SL.

[coffeeguyzz]

I just skimmed through several pages of recent postings on this thread and found it pretty enlightening.

The overlap of ideology, politics, personal world view, economic interpretation seems to all have found a common nexus in the perception of looming, immanent hydrocarbon scarcity.

Anyone living through the 2 oil shortages in the US - as I have ('73 and '79) - recognizes full well the impacts of having to do without ... or far less, at least, than customary.

I started following a few peak oil blogs awhile back in order to learn why others still felt scarcity was not far off when everything I was seeing regarding the 'shale revolution' indicated years/decades of abundance.

It was immediately clear that most posters were very unfamiliar with the entire hydrocarbon exploration and production industry and relied upon others - mainly academics - to provide perceived substance with which to validate their views.

Close to 100% - say again, nearly ALL - the voluminous reports that I have gone over from 'peak' or anti fossil fuel sources, have had severe errors of either data or the interpretation of same.
Easy peasy to point this stuff out, particularly in David Hughes' works, but doing so to an audience not willing to be open minded of views challenging core beliefs is a waste of time.

In essence, folks, the successful implementation of drilling vertically 5 to 15 thousand feet down, then going 'sideways' 1 to 4 miles, fracturing the formation to unleash a million barrels of oil, TENS of BILLIONS of cubic feet of nat gas is being done in the US - today - dozens and dozens of times ... every day.

Newer techniques are starting to recover more of the 95%/92% of the oil regularly left behind and the 80% + of the nat gas.

The speed and precision of these efforts are expanding heretofore uneconomic zones in producing areas as well as opening up others to future development.
Argentina and China are only the first to follow Canada and the US down this path.
The UK, Australia, Columbia, Russia, Mexico are only a few lining up to move forward into unconventional development.

Final observation ... you folks may well be missing a Bigger Picture by looking at oil.

Regarding unconventionals, natgas is WAY too big a resource, WAY too cheap to produce compared to oil to expect the current 400% price premium of oil-sourced energy versus gas-sourced to long remain in its present relationship.
With $16 worth of Nat gas providing the same heat energy contained in $65 worth of oil, the innovators will come up with a way (nat gas fueled transportation, especially) to capture this enormous spread.

No peak gas in North America for 100 years.

[ROCKMAN]

Not that it has anything to do with PO but the increase in oil prices has Wall Street hopped up again. Working with a small pubco now (with nothing behind them) that’s trying to do a deal with a fund that will provide 100% financing for a production acquisition deal. Has to be all (or mostly) oil reserves and “proved” producing. My pubco doesn’t care much about the due diligence since they won’t anything invested and thus make some money even if the deal is crap.

And will be interesting to see how much due diligence the fund throws at it. For folks unfamiliar with how these funds work: investors pledge $X million to the fund. The fund has a fixed period of time to bring in appropriate projects if they do the investors write the checks. But if the fund expires then those pledges cancel. Which means the fund managers don’t make sh*t: they get a % commission but only f they find the right projects to cause those checks to be written. IOW some funds won’t loo too closely at the value of a deal in order to close the fund and get their commission. The word I got was that these fund managers are “desperate” for a deal…any deal. Which probably means those pledges are about to expire. Fortunately for them I have a good project to pitch. But someone might sell them a crappy deal first.

[coffeeguyzz]

Thanks for the info and good luck with the potential project, RM.

Most US pensions are still operating under premise of 7 to 8 1/2% annual return.
Preposterous as well as dangerous.
Makes decision makers a little more ... receptive ... to long shot efforts.

[vtsnowedin]

$this->bbcode_second_pass_quote('coffeeguyzz', 'T')hanks for the info and good luck with the potential project, RM.

Most US pensions are still operating under premise of 7 to 8 1/2% annual return.
Preposterous as well as dangerous.
Makes decision makers a little more ... receptive ... to long shot efforts.

[marmico]

$this->bbcode_second_pass_quote('', 'P')reposterous?? NO The fund that is paying me made 13.5% last year.

[vtsnowedin]

$this->bbcode_second_pass_quote('marmico', '')$this->bbcode_second_pass_quote('', 'P')reposterous?? NO The fund that is paying me made 13.5% last year.

[marmico]

$this->bbcode_second_pass_quote('', 'N')o haircut needed and I already have drawn on it for twelve years.

[ROCKMAN]

vt - Of course. Despite the recent decline look at the market increase the first year of our new POTUS. Every well balanced fund should have had similar gains. But the gain during 2018 might prove different. Time will tell.

[StarvingLion]

General Electric is once again experiencing The Shale "Revolution" as its stock is down 2% today making new lows. Its totally bankrupt.

Did I mention that Schlumberger stock has nosedived from 85 to 64 since Jan 2017? Its doing a massive nosedive at the same time as GE. What a coincidence.

I guess they never got the memo that electricity is free now.

[StarvingLion]

Its a good thing that "Renewables" Scam is curing The Peak Oil disease. What has "Renewables" accomplished in the past 20 years?

Answer: Nothing.

Got RPG?

[Outcast_Searcher]

$this->bbcode_second_pass_quote('StarvingLion', 'G')eneral Electric is once again experiencing The Shale "Revolution" as its stock is down 2% today making new lows. Its totally bankrupt.

Did I mention that Schlumberger stock has nosedived from 85 to 64 since Jan 2017? Its doing a massive nosedive at the same time as GE. What a coincidence.

I guess they never got the memo that electricity is free now.

[onlooker]

I see Outcast, no answer to the post by SL about the pathetic progress of Renewable energy. Cherry picking works both ways you know.

[StarvingLion]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('StarvingLion', 'G')eneral Electric is once again experiencing The Shale "Revolution" as its stock is down 2% today making new lows. Its totally bankrupt.

Did I mention that Schlumberger stock has nosedived from 85 to 64 since Jan 2017? Its doing a massive nosedive at the same time as GE. What a coincidence.

I guess they never got the memo that electricity is free now.

[StarvingLion]

TOTAL COLLAPSE UPDATE:

America cannot keep the lights on. BANKRUPT. Ghung will soon be jumping into his spider hole.

Here is just one comment: " The future of electric power security in New England is bleak. "

https://atomicinsights.com/is-americas- ... /#comments

Operators of a number of several large power plants with the ability to produce electricity night and day, wind or calm, pipeline or no pipeline, declared that they are planning to retire those plants. The companies making the announcements will either jump on the bandwagon trend of producing electricity using more fragile sources that depend on the weather or the hour by hour whim of the speculative fuel market or they will exit the business altogether.

Though I might have missed or overlooked a few important announcements, here are the ones that were the proximate stimulant for this post.

First Energy’s announced plan to retire its Ohio and Pennsylvania nuclear plants
Exelon’s announcement that it plans to retire the Mystic Generating Station
First Energy’s bankruptcy filing and the implication that it will affect its other plants