$this->bbcode_second_pass_quote('', '[')url=https://www.youtube.com/watch?v=HB1eGDpEeQY&t=24s]Here is Art Berman on youtube.[/url]
Investers are shorting oil... they're saying 'there's only 5 or 10 years more demand for oil... I think that's absurd
PeakOil is You
Peak Oil 2020/2021
Re: Peak Oil 2020/2021
by Pops » Thu 14 Oct 2021, 09:19:26
Here is the IEA WEO executive summary, not one mention of sustaining fossils while transitioning. All the focus is that clean-tech needs to increase exponentially
$this->bbcode_second_pass_quote('', '[')url=https://www.eia.gov/outlooks/steo/]Here is the EIA STEO:[/url]
Oil prices have increased over the past year as result of steady draws on global oil inventories, which averaged 1.9 million barrels per day (b/d) during the first three quarters of 2021. In addition to sustained inventory draws, prices increased after the October 4 announcement by OPEC+ that the group would keep current production targets unchanged.
Mike S., OilyStuff
$this->bbcode_second_pass_quote('', 'I')n spite of all that, every barrel of tight oil Texas now added to US production levels has to be exported to a foreign country; it comes out the ground, goes straight to the Gulf Coast, is put on a ship and sails away. Crude quality matters and US refiners simply can't use any more of the stuff.
Everybody is lying to you about the fact that we have enough shale oil to spare in our nation, that our resources are "unlimited," or that shale oil might be stranded in 5 years because of the transition to renewables and it needs to be produced now...that draining America first, for exports, is a good plan for our nations long term energy security.
https://www.oilystuffblog.com/single-po ... rica-first
It may turn out that Gail was correct after all, the big problem we will face could be peak capitol. Overall energy supply falls due to lack of investment in fossils to sustain the switch. Fossils are still 75% of energy supply and especially the shales but all future production needs constant capitol flow.
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The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Pops - Elite
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Re: Peak Oil 2020/2021
by AdamB » Thu 14 Oct 2021, 09:56:44
$this->bbcode_second_pass_quote('Pops', ' ') Fossils are still 75% of energy supply and especially the shales but all future production needs constant capitol flow.
Art "there isn't significant shale oil in the US to make a difference circa 2011" Berman is a poster child for unidirectional doomer claims because he believes, rather than analyzes, but the other 2 seemed reasonable.
Having acquired companies, pipelines and been completing shale wells without a dime of outside money, borrowing money is nice, but not necessary. Working from within one's own means in industry (like when we couldn't borrow money after the 1986 price crash) is generally referred to as "bootstrapping", and while not conducive for increasing volume, mostly but not always can be employed to fight the natural decline of oil and gas production.
So a likely scenario without borrowing is back to the same old decline we had before, except initially steeper until the new wells level out. Bootstrapping, obviously, is far easier with high prices, and if the greens want to give that to industry, they will most certainly utilize it to their advantage. Just like 2011-2015, and we called that period of time "Becoming Saudi America", much to the chagrin of the Happy McDoomsters like Art.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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