[Newfie]

Puff piece on offshore production around Newfoundland.

https://rbnenergy.com/i-am-a-rock-build ... production

[AdamB]

$this->bbcode_second_pass_quote('Newfie', 'P')uff piece on offshore production around Newfoundland.

https://rbnenergy.com/i-am-a-rock-build ... production

[Newfie]

Bloomberg Peak Oil article.

$this->bbcode_second_pass_quote('', 'A')merica’s shale industry is about to undergo its latest transformation, and this time, consumers aren’t going to come out on top.

Javier Blas visited Midland, Texas, the capital of the Permian Basin and an epicenter of US oil production. What he found there was an interesting consensus: Output will likely reach its peak in a few years and remain flat. That leaves the question of what a post-peak planet will look like — and right now it looks like shareholders are going to be the big winners of the shale slowdown.

The American Oil Boom

[theluckycountry]

How did consumers come out on top last go around? The whole shale industry appears to have been a way of manipulating GDP higher through financial growth, not actually increasing the wealth of the nation. That's really all that's left now, financial shell games, people making money off money. Stocks are pumped up and dumped, Wizz-bang new companies draw in billions with IPO's then go defunct within a couple of years. All the while tried and true scams like the health insurance cartel milk the population like a herd of cows.

I still hold that the peak of conventional oil in 2008 was "peak-oil". That was the natural peak, using massive amounts of that conventional oil to extract shale oil and push the total figure a little higher means nothing, they could just have easily done it with all the cheap coal

$this->bbcode_second_pass_quote('', 'W')e calculate that the energy efficiency of the best existing Fischer–Tropsch (FT) process applied to average coal in Montana is less than 1/2 of the corresponding efficiency of an average crude oil refining process. The resulting CO2 emissions are 20 times (2000%) higher for CTL than for conventional petroleum products

[AdamB]

$this->bbcode_second_pass_quote('theluckycountry', '
')I still hold that the peak of conventional oil in 2008 was "peak-oil".

[jato0072]

Hubbert's Peak is Finally Here


$this->bbcode_second_pass_quote('', 'H')ubbert's Peak is Finally Here
06/ 15/ 2023
Topics: Commodities, Natural Resources, Contrarian, Oil
The article below is an excerpt from our Q1 2023 commentary.

Conventional oil production has now unequivocally rolled over. Unconventional production, the only source of growth in global oil supply over the last 12 years, has also significantly slowed. The only growing non-OPEC basin is the Permian in West Texas. Never before has oil supply growth been so geographically concentrated. Six counties in West Texas are now 100% responsible for all global production growth.

Conventional non-OPEC oil production peaked in 2007 at 46.2 mm b/d and now stands at 44.2 mm b/d – 4% below its peak. Including OPEC, conventional global output peaked in 2016 at 84.5 mm b/d and now stands at 81.3 m b/d – 5% below its peak. Even if OPEC has its alleged 4 mm b/d of unused production capacity (something we do not believe), conventional production would barely regain its 2016 peak.

[AdamB]

$this->bbcode_second_pass_quote('jato0072', '[')url=https://blog.gorozen.com/blog/hubberts-peak-is-finally-here]Hubbert's Peak is Finally Here[/url]
$this->bbcode_second_pass_quote('', 'H')ubbert's Peak is Finally Here
06/ 15/ 2023
Topics: Commodities, Natural Resources, Contrarian, Oil
The article below is an excerpt from our Q1 2023 commentary.

[theluckycountry]

$this->bbcode_second_pass_quote('jato0072', '
')$this->bbcode_second_pass_quote('', 'H')ubbert's Peak is Finally Here
06/ 15/ 2023
Conventional oil production has now unequivocally rolled over. Unconventional production, the only source of growth in global oil supply over the last 12 years, has also significantly slowed.

[jato0072]

The future is Mad Max?

$this->bbcode_second_pass_quote('Dnyuz', 'I')n Mexico, drug cartels are taking the monster truck concept to another terrifying level, retrofitting popular pickups with battering rams, four-inch-thick steel plates welded onto their chassis and turrets for firing machine guns.

Some of Mexico’s most feared criminal groups, including the Jalisco New Generation Cartel, are using the vehicles in pitched gun battles with the police. Other organizations, like the Gulf Cartel and the Northeast Cartel, use the armored trucks to fight each other.

Mexican security forces call these vehicles monstruos (monsters), but they are also known as rinocerontes (rhinos) and narcotanques (narco-tanks). Cartels emblazon the exteriors with their initials or the latest in camouflage patterns, at times making them hard to distinguish from official military vehicles.

Flashy interiors of larger trucks feature front seats with a cockpit-like array of buttons and lights, metal seats from where gunmen can lean their rifles through holes and, in the middle, a hatch similar to that of a tank.

[Plantagenet]

More oily lies from the Biden administration.....

After draining almost half of the strategic petroleum reserve to save the US from a crisis that didn't exist, the Biden administration promised to refill the SPR.

But today they said they aren't going to refill the SPR......

Biden lied about refilling the strategic petroleum reserve

Oh well.....it's not like we have to worry about peak oil or wars or embargoes on the US or global oil supply shortages due to sanctions on Russian oil.

There will always be plenty of oil.....won't there??????


Biden used up half the oil in the SPR for no reason......but not to worry....if we ever run short of oil then they have oil.....all we have to do is invade and get it.....

Cheers!

[theluckycountry]

The drawdown being announced Wednesday would complete the release of 180 million barrels authorized by Biden in March that was initially supposed to occur over six months... The reserve now contains roughly 400 million barrels of oil... America’s Strategic Petroleum Reserve is a collection of underground salt caverns in Texas and Louisiana that can hold more than 700 million barrels of oil

The United States consumes an average of 20.6 million barrels of oil a day
700/20= 35 days supply.
Hardly worth it in the scheme of things isn't it.

https://www.pbs.org/newshour/politics/w ... um-reserve
https://www.eia.gov/tools/faqs/faq.php?id=33&t=6

[mousepad]

$this->bbcode_second_pass_quote('theluckycountry', '
')The United States consumes an average of 20.6 million barrels of oil a day
700/20= 35 days supply.
Hardly worth it in the scheme of things isn't it.

[AdamB]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('theluckycountry', '
')The United States consumes an average of 20.6 million barrels of oil a day
700/20= 35 days supply.
Hardly worth it in the scheme of things isn't it.

[theluckycountry]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('theluckycountry', '
')The United States consumes an average of 20.6 million barrels of oil a day
700/20= 35 days supply.
Hardly worth it in the scheme of things isn't it.

[Plantagenet]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('theluckycountry', '
')The United States consumes an average of 20.6 million barrels of oil a day
700/20= 35 days supply.
Hardly worth it in the scheme of things isn't it.

[Wm-scott]

There is a chance that what the American government is doing, selling off the strategic oil reserve, actually makes perfect sense, if, they have a plan. What the plan maybe is, it really is all about the oil. The coming war with Russia and China is all about maneuvering events into a situation where the US appears to be justified in launching a first strike on both of them. Leaving the US as the sole world super power. The US then occupies the oil fields of the world and has total control over the world oil supply. This creates the second American Pax, a peace enforced by cutting off oil supplies to any nations that fail to comply with the American agenda. Having nearly total economic control, the US then uses the United Nations as a puppet to make it appear that the UN is governing the world, as a front and a justification for US actions. The US would of course have nearly unlimited access to low cost oil, and most of the money from global oil sales would go to the US. With such a 'golden energy age' about to dawn in America, it makes sense to sell off the strategic reserve to keep America going to bridge the gap until then. Of course this is just a silly conspiracy theory that I dreamed up which is easily disproved in time, since if it was true I would expect to see US or NATO troops in control of Russian oil fields in less than a year. It is of course far more likely nobody has a plan and chaos is about to descend on the world on a scale unseen before in human history.

You can support my insanity by buying my new book "Dawn of the Flat Earth" at Amazon.com It is an adventure farce about science suddenly discovering the earth is flat, which is only slightly crazier than the world we are currently living in, and considering current US politics, it could actually happen.

[theluckycountry]

$this->bbcode_second_pass_quote('Wm-scott', 'T')he coming war with Russia and China is all about maneuvering events into a situation where the US appears to be justified in launching a first strike on both of them. Leaving the US as the sole world super power. The US then occupies the oil fields of the world and has total control over the world oil supply.

You can support my insanity by buying my new book "Dawn of the Flat Earth" at Amazon.com

[Plantagenet]

$this->bbcode_second_pass_quote('Wm-scott', 'T')here is a chance that what the American government is doing, selling off the strategic oil reserve, actually makes perfect sense, if, they have a plan.

[Newfie]

Plant,

How are are you embedding images????

The method I had been using has crapped out?

I am trying to post a photo.

[Newfie]

$this->bbcode_second_pass_quote('jato0072', '[')img]https://pbs.twimg.com/media/Ff7t-ZiVEAA50Gx.jpg:large[/img]

The future is Mad Max?

$this->bbcode_second_pass_quote('Dnyuz', 'I')n Mexico, drug cartels are taking the monster truck concept to another terrifying level, retrofitting popular pickups with battering rams, four-inch-thick steel plates welded onto their chassis and turrets for firing machine guns.

Some of Mexico’s most feared criminal groups, including the Jalisco New Generation Cartel, are using the vehicles in pitched gun battles with the police. Other organizations, like the Gulf Cartel and the Northeast Cartel, use the armored trucks to fight each other.

Mexican security forces call these vehicles monstruos (monsters), but they are also known as rinocerontes (rhinos) and narcotanques (narco-tanks). Cartels emblazon the exteriors with their initials or the latest in camouflage patterns, at times making them hard to distinguish from official military vehicles.

Flashy interiors of larger trucks feature front seats with a cockpit-like array of buttons and lights, metal seats from where gunmen can lean their rifles through holes and, in the middle, a hatch similar to that of a tank.