[KevO]

Oil is way down.
Gas and Petrol prices are as low as a year ago.
Stock markets are up, up, up with the FTSE and the Dow nearly at record levels.
Crisis. What Crisis?
Is this the last fiddle do we think, or are the good times going to just keep a rollin?

[Battle_Scarred_Galactico]

Could very well be, until we get some honesty from OPEC we won't know.

What we do know is that people have taken precicley ZERO notice of anything.

[VinceG]

The hurricane-season is over, so hurricanes won't have any impact any more on oil and natural gas production

Energy prices will go up in the coming weeks due to higher demands, probably 5-10%

Energy prices will NOT jump through the roof though...

[gt1370a]

Why no, by reading this article it appears that all the problems are behind us:
http://www.upi.com/NewsTrack/view.php?S ... 3738-4940r

Who was it that predicted that, rather than a peak, oil production would be like a sine wave? You know, price hits a ceiling, demand falls off, cushion reintroduced, price goes down, demand picks back up, price hits second ceiling, etc. Maybe we're just going through the first cycle of that...

So no, this probably isn't the last fling, there will be others.

[Battle_Scarred_Galactico]

I agree in part. It will probably do this until SA peaks(yes, that's anyones' guess), then say goodnight.

[BabyPeanut]

I thought last Christmas was the last fling.

[KevO]

$this->bbcode_second_pass_quote('BabyPeanut', 'I') thought last Christmas was the last fling.

[BabyPeanut]

$this->bbcode_second_pass_quote('KevO', '')$this->bbcode_second_pass_quote('BabyPeanut', 'I') thought last Christmas was the last fling.

[Revi]

the US has over 3000 bcf of natural gas in readiness, the supplies of oil and gasoline seem like they will hold up at least until x-mas, maybe it is the last fling. I'm just glad that TS won't HTF right away. Another year of preparation will help out our personal situation. Now's the time to do a few things. Let everybody else party.

[deconstructionist]

$this->bbcode_second_pass_quote('gt1370a', 'W')hy no, by reading this article it appears that all the problems are behind us:
http://www.upi.com/NewsTrack/view.php?S ... 3738-4940r

Who was it that predicted that, rather than a peak, oil production would be like a sine wave? You know, price hits a ceiling, demand falls off, cushion reintroduced, price goes down, demand picks back up, price hits second ceiling, etc. Maybe we're just going through the first cycle of that...

So no, this probably isn't the last fling, there will be others.

[gnm]

decon - I think thats what they were suggesting. A diagonal sine wave as it were... But peaks and valley might describe it better since the size of the waves will probably vary with the prices and economic situation...

But its still all downhill.... The relentless grinding recession.

-G

[deconstructionist]

$this->bbcode_second_pass_quote('gnm', 'd')econ - I think thats what they were suggesting. A diagonal sine wave as it were... But peaks and valley might describe it better since the size of the waves will probably vary with the prices and economic situation...

But its still all downhill.... The relentless grinding recession.

-G

[KingM]

$this->bbcode_second_pass_quote('', 'i')n any case, the use of detergents and water to keep well pressure up and oil production steady is going to make the down-slope much steeper anyway... instead of a bell curve peak, it's going to be more like a plateau and cliff...

[bruin]

<quote="KingM"]$this->bbcode_second_pass_quote('', 'i')n any case, the use of detergents and water tokeep well pressure up and oil production steady is going to make the down-slope much steeper anyway... instead of a bell curve peak, it's going to be more like a plateau and cliff...

[Wildwell]

*Puts cheesy bites away, collects coffee cups, goes to fetch mop*

Sorry folks, Campbell got it wrong again. He had too much of that Irish Guinness and slipped on the PC keyboard. The Peak oil date is now 2027 not 2007…Damn 2 key. Nothing to worry about just yet folks - You’re now free to leave the building….taxis have been ordered.

[gt1370a]

$this->bbcode_second_pass_quote('deconstructionist', '')$this->bbcode_second_pass_quote('gnm', 'd')econ - I think thats what they were suggesting. A diagonal sine wave as it were... But peaks and valley might describe it better since the size of the waves will probably vary with the prices and economic situation...

But its still all downhill.... The relentless grinding recession.

-G

[jtmorgan61]

Well, I just came from pouring over the latest conference write-up at the oil drum (packed with current and former industry insiders), and it seemed like a general consensus might be that we have until about 2008 before demand permanently gets ahead of all-liquids supply, while 2010 or a bit later might well be the global liquids peak, reading into what they're saying.

As per usual, it's probably a safe bet that neither the most pessimistic (this month) or most optimistic (2020+) projections will be right.

[Typhoon]

$this->bbcode_second_pass_quote('jtmorgan61', 'W')ell, I just came from pouring over the latest conference write-up at the oil drum (packed with current and former industry insiders), and it seemed like a general consensus might be that we have until about 2008 before demand permanently gets ahead of all-liquids supply, while 2010 or a bit later might well be the global liquids peak, reading into what they're saying.

As per usual, it's probably a safe bet that neither the most pessimistic (this month) or most optimistic (2020+) projections will be right.