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THE Oil & NGas Infrastructure Thread (merged)

General discussions of the systemic, societal and civilisational effects of depletion.

Re: Attempt upon oil infrastructure

Postby gg3 » Sat 16 Sep 2006, 05:53:32

...when that happens, Middle East governments will be bloody pissed at the terrs, and will exterminate any they find in their midst.
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Re: Attempt upon oil infrastructure

Postby NEOPO » Sat 16 Sep 2006, 07:47:37

damn we better hurry up and get the 145000 american terrs out of iraq quickly!!;-)
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OTC: $100 trillion needed to rebuild energy infrastructure

Postby roccman » Sat 10 May 2008, 13:54:26

Link Not ever gonna happen.
This is what happens when you discount the future for immeadiate gain.
Oh well ...so it goes.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby Ferretlover » Sat 10 May 2008, 13:56:52

[quote="roccman"Link
Not ever gonna happen.[/quote]
Ah, the difference between POers and the sheeple-we know it won't happen, the sheeple have no doubts that it will happen!
Last edited by Ferretlover on Mon 23 Jun 2008, 13:31:54, edited 1 time in total.
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby roccman » Sat 10 May 2008, 14:00:07

$this->bbcode_second_pass_quote('Ferretlover', '')$this->bbcode_second_pass_quote('roccman', '[')url=http://www.ogj.com/display_article/327833/7/ONART/none/GenIn/1/OTC:-$100-trillion-needed-to-rebuild-energy-infrastructure/]Link[/url]Not ever gonna happen.

Ah, the difference between POers and the sheeple-we know it won't happen, the sheeple have no doubts that it will happen!

Amazing what one can learn when one turns off the TV.
However, there are still plenty here that cannot make that leap down the rabbit hole.
Oh well - so it goes.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby shortonoil » Sat 10 May 2008, 14:19:16

$this->bbcode_second_pass_quote('', 'S')immons forecasts that oil prices could hit $200/bbl as global demand increases. He pointed out that the industry had previously sold its best-quality grade of oil at $15/bbl and flared natural gas because it was too costly to develop.
"That was a mistake," he concluded.

I have seen this type of attitude in the mining industry all of my life. Huge reserves destroyed because they just weren’t profitable enough at time. Perfectly good reserves blown up and shoveled out of the way to get to higher grade areas that could produce higher profits. I have always shook my head and thought, “we will regret this some day”.
The day has arrived!
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby mos6507 » Sat 10 May 2008, 14:20:33

$this->bbcode_second_pass_quote('Ferretlover', 'A')h, the difference between POers and the sheeple-we know it won't happen, the sheeple have no doubts that it will happen!

Do you have a daily minimum "sheeple" quota or something that you have to use the word so much?
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby Daniel_Plainview » Sat 10 May 2008, 14:28:45

Which option will Geo. W. Bush go for:

OPTION A: Spend $100 trillion to rebuild our infrastructure.

OPTION B: Spend $1 trillion to invade Iraq and Iran.
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby threadbear » Sat 10 May 2008, 14:30:38

It is so not going to happen, for a variety of reasons.
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby Novus » Sat 10 May 2008, 14:44:29

$this->bbcode_second_pass_quote('roccman', 'A')mazing what one can learn when one turns off the TV.
However, there are still plenty here that cannot make that leap down the rabbit hole.
Oh well - so it goes.

You read my mind rock. Unplugging the TV and tossing it in the trash was one happiest days of my life. That was the day I stopped any pretense of being told what to think and starting thinking for myself. See you at the bottom of the rabbit hole.
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby shortonoil » Sat 10 May 2008, 14:46:53

$this->bbcode_second_pass_quote('threadbear', 'I')t is so not going to happen, for a variety of reasons.

Of course it isn’t going to happen; even if it was considered, where would the $100 trillion come from in the first place. The US doesn’t have $100 trillion, the world doesn’t have a $100 trillion. I think Simmon’s was telling us politely ....... we are screwed!
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby kpeavey » Sat 10 May 2008, 14:49:55

article quotes $50-100 trillion
$50 trillion divided by a global population of 6.5 billion =$7692 for every human alive on the planet.

it aint gonna happen
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby roccman » Sat 10 May 2008, 15:03:56

$this->bbcode_second_pass_quote('Novus', ' ')See you at the bottom of the rabbit hole.

You're on!! Enjoy the ride.
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby Starvid » Sat 10 May 2008, 18:04:27

$50-100 trillion?
My guess of $20-50 trillion was a bit on the low side then. :wink:
Still, you get this feeling that Simmons want more money to flow into the oil&gas business, which just might have something to do with a certain person leading and owning the biggest investment bank for the oil&gas industry... :roll:
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby Starvid » Sat 10 May 2008, 18:08:24

$this->bbcode_second_pass_quote('kpeavey', 'a')rticle quotes $50-100 trillion
$50 trillion divided by a global population of 6.5 billion =$7692 for every human alive on the planet.
it aint gonna happen

Let's say the cost will be $65 trillion. Global GDP is $65 trillion. Spending 10 % of GDP over ten years or 5 % over 20 years hardly seems impossible.
Especially considering the extreme growth such a massive investment program will result in. For details on that effect, see the second Hirsch report.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby shortonoil » Sat 10 May 2008, 18:52:06

$this->bbcode_second_pass_quote('Starvid', 'L')et's say the cost will be $65 trillion.

You are making an assumption here, and that is that the world GDP will stay at $65 trillion for the next 10 years. In actuality it is about $57 trillion and the chances of it staying there for 10 years is now approaching zero.
10% is equal to the food budget of the entire planet. With the world economy unraveling at a frightening rate, spending 10% on oil infrastructure guarantees that someone is going to have to starve. That is a position that is certainly not going to be politically acceptable.
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby IanC » Sat 10 May 2008, 19:01:54

I agree. Simmons is trying to say "The price of totally rebuilding our infrastructure is insurmoutable.

It could have easily put the price tag at "A zillion-ga-gillion Dollars" and be saying the same thing.

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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby Starvid » Sat 10 May 2008, 19:38:14

$this->bbcode_second_pass_quote('shortonoil', '')$this->bbcode_second_pass_quote('Starvid', 'L')et's say the cost will be $65 trillion.

You are making an assumption here, and that is that the world GDP will stay at $65 trillion for the next 10 years. In actuality it is about $57 trillion and the chances of it staying there for 10 years is now approaching zero.
10% is equal to the food budget of the entire planet. With the world economy unraveling at a frightening rate, spending 10% on oil infrastructure guarantees that someone is going to have to starve. That is a position that is certainly not going to be politically acceptable.

According to Wikipedia, the world economy is $48 trillion or $54 trillion. I checked those numbers when I wrote that post I could've been damned that the numbers said $65 trillion. Anyway, it doesn't matter much.
Will world GDP grow or shrink going forward? On one hand we have a growing energy crisis, on the other hand the world economy is growing at a good speed, even great, in spite of these energy prices. Speculating if the economy will grow or shrink, or by how much, is not doable with any degree of certainty. So using the current number is as good as any.
And I wonder what you mean by "world economy unraveling at a frightening rate"? :lol:
There are problems in the US, but Europe and Asia are doing perfectly fine, and with our strong domestic markets we don't really need the US anymore. This is especially true for the emerging markets in Asia, who get about 90-95 % of their growth from domestic demand.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby Starvid » Sat 10 May 2008, 19:46:53

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Re: OTC: $100 trillion needed to rebuild energy infrastructu

Postby Tyler_JC » Sat 10 May 2008, 20:33:39

I wonder where that $100 trillion number comes from.

Unless he can give us some information about what exactly he's talking about...I'm inclined to call this an exaggeration.
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