[Yoshua]

...and all the rest of the world's oil producers are post peak oil and in decline.

...and the U.S production comes from shale and Canada's from tar.

Well...that at least gives us three nations with conventional oil production that haven't peaked.

[vtsnowedin]

$this->bbcode_second_pass_quote('Yoshua', '.')..and all the rest of the world's oil producers are post peak oil and in decline.

...and the U.S production comes from shale and Canada's from tar.

Well...that at least gives us three nations with conventional oil production that haven't peaked.

[Pops]

This is about the best picture


http://crudeoilpeak.info/what-happened- ... ak-in-2005

[vtsnowedin]

From the EIA I get that of the top twenty producers ten are increasing production while ten are declining. The biggest loser by far is Venezuela at 1.07mbpd loss followed by Mexico (-0.52) and China (-0.360). Added together the losses for those ten amount to 2.65 mbpd which has been more then made up for by the USA's increase of 2.7mbpd with the other nine increases bring the world to it's present high.
As the top losers are both driven by mismanagement more then geology I'd say it is premature to call peak just yet.

[Yoshua]

I think that Saudi Arabia can increase the production by 2mmbpd...but they want higher oil prices and are cutting production.

Venezuela could probably technically produce 10 mmbpd but can't even keep the lights on with today's oil price.

Peak oil will probably be a very complex event that most of us won't understand scientifically.

Energy runs the economy and not the other way around.

[vtsnowedin]

The current price is not Venezuela's problem.

[Yoshua]

Venezuela's problem is the depletion of conventional oil. The oil sands they are left with is very energy intensive and expensive to produce.

Another problem Venezuela is facing is that no one needs their extra heavy oil. We are in an oil glut again as inventories are rising.

Peak auto is another phenomenon that is causing a gasoline glut and refinery spreads to turn negative. With less cars there is less demand for gasoline.

Peak oil is going to be a very complex matter. But then again...peak oil is when production peaks and declines for any reason.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Revi', 'O')kay, now, can we get back to the peak oil debate? I have a feeling that we are on the edge of the Ugo Bardi Seneca Cliff. We are beginning to see over the edge. It would be nice to hang out here on the rim, checking out the view, but it looks like we are on our way down soon.

[Cog]

Doom twenty years from now isn't near as exciting as impending doom or doom that the infamous "they" don't want you to know about.

[Yoshua]

Algeria with a population of 40 million and post peak oil seems to be next nation to collapse.

The protests in Algeria starts after the Friday prayers, which indicates that the Islamists will take power in Algeria when the current regime falls.

Syria and Yemen have collapsed. Venezuela is on the brink of collapse. The world will perhaps not collapse together at the same time...but nation after nation.

https://www.france24.com/en/20190405-al ... employment

[yportne]

Jay Hanson RIP http://theoildrum.com/node/4719?fbclid= ... y6NPqGOiZ8

[Yoshua]

War in Libya. The eastern government backed by Russia, Egypt, UAE and France has launched an attack against the capitol Tripoli and the western government backed by the U.S, Turkey and Italy.

The aim seems to to control the entire Libyan nation and its oil.

https://www.bloomberg.com/news/articles ... olitics-vp

[asg70]

$this->bbcode_second_pass_quote('yportne', 'J')ay Hanson RIP http://theoildrum.com/node/4719?fbclid= ... y6NPqGOiZ8

[yportne]

https://candobetter.net/node/5739?fbcli ... VNoSuMHZUA

[Yoshua]

Chris Clugston’s book “Scarcity”? Here is a summary/review:

https://www.ecologise.in/wp-content/upl ... ugston.pdf

“Clugston argues that our modern industrialized civilization and improving standards of
living are made possible by an indispensable use of fossil fuels, metals, and non-metallic
minerals that are never replenished in any relevant time span. There are 89 of these nonrenewable minerals and Clugston meticulously analyses each. Those that are viable
economically are becoming scarcer and more costly. When their extraction/ production
ceases to rise, as is now happening, it is inevitable that a sharp decline in global societal
wellbeing must follow. Indeed, he shows that the Great Recession of 2008 was
precipitated by the rising costs of non-renewable natural resources NNRs.”

[KaiserJeep]

"Peak Rare Earths" was kicked around and ultimately discredited about three years back. All such substances can be recovered fron the oceans, if only you have the available energy....

[asg70]

$this->bbcode_second_pass_quote('yportne', 'h')ttps://candobetter.net/node/5739?fbclid=IwAR2jGX1LYjlh-tQO-d3inQPdIxjV7vGWLx4FSOgurIQLc9QSiVNoSuMHZUA

[Revi]

Will shale oil make money? Not according to this article:

https://srsroccoreport.com/shale-stock- ... -industry/

[AdamB]

$this->bbcode_second_pass_quote('Revi', 'W')ill shale oil make money? Not according to this article:

https://srsroccoreport.com/shale-stock- ... -industry/

[Yoshua]

Another U.S coal company files for bankruptcy. U.S coal production peaked a decade ago. The EROEI of coal is deteriorating as well.

https://www-foxnews-com.cdn.ampproject. ... bankruptcy