[copious.abundance]

$this->bbcode_second_pass_quote('AirlinePilot', 'A')nd for the record, the facts do not support that we are back at production levels seen previously. There is no proof other than conjecture that it will go above those numbers. Using All liquids is also nothing more than an intentional obfuscation.

[copious.abundance]

Bottom of Page 3, 11/13/2008
$this->bbcode_second_pass_quote('AirlinePilot', 'A')necdotaly I'm starting to see a lot of commentary on short term project development and financing being "safe", but longer term, into next year is appearing to be in jeopardy.

It's something that is going to be held closely to the vest with the financial turmoil going on. No one is freely going to admit they are cancelling production projects for fear of their stock prices taking a hit.

I think we all knew that a dive in price like we have seen is going to have a huge impact on the near term future in the oil patch. Not surprising at all to me.

[AirlinePilot]

$this->bbcode_second_pass_quote('OilFinder2', 'B')ut, alas, as soon as early 2009 came around, crude oil production started going back up, and it's risen almost 2 million bpd since then! In other words, all his talk about imminent doom in the oil patch have turned out to be a Big Fat Nothing.

[AirlinePilot]

$this->bbcode_second_pass_quote('OilFinder2', 'A')P, I just showed you a chart demonstrating the FACT that crude oil production is now at "levels seen previously." At 73 million bpd, it is at the same level it was for much of 2005-2008. That is a "level seen previously."

[copious.abundance]

$this->bbcode_second_pass_quote('AirlinePilot', ' ')The facts are that we are NOT at previous levels of production

[AirlinePilot]

Gee I can play that game too, you have no legs here OF, except a trend which may or may not come to pass.

fun.jpg

Im done with you. Wasting my time, peddle your fantasies to someone who might listen, good luck.

[Velociryx]

$this->bbcode_second_pass_quote('', 'A')irline Pilot: The facts are that we are NOT at previous levels of production

[copious.abundance]

$this->bbcode_second_pass_quote('AirlinePilot', 'G')ee I can play that game too, you have no legs here OF, except a trend which may or may not come to pass.

fun.jpg

Im done with you. Wasting my time, peddle your fantasies to someone who might listen, good luck.

[AirlinePilot]

$this->bbcode_second_pass_quote('Velociryx', '
')
We aren't?

[Velociryx]

So then, you are saying that your own graph is incorrect?

If so...why bother to post it, because clearly (as indicated by the dots on your own graph, and the horizontal line running thru the production data--also shown on your own graph...clearly, we are.

Conclusion: Either your "simple math" is wrong, or the graph is wrong.

I am simply wondering which.

-=Vel=-

PS: still haven't been able to locate that quote, eh? I'll keep waiting.

[copious.abundance]

Several mbpd short???



Maybe you need glasses AP, but as of the latest data, we are less than 2 million bpd short of the all-time record.



But in your clear desperation, you have now shifted your claim from "previous levels of production" to the monthly production record of July 2008.

The idiocy of this argument is the assumption that we *need* that much production right now, and the fact that we aren't there indicates that oil companies were affected by the credit crunch and are *unable* to produce a new record right now.

Breaking news AP: There is right now insufficient demand for a new oil production record! The reason they are not pumping record amounts of oil right now has nothing to do with whether producers are able to or not.

[AirlinePilot]

OF your the one who made the claim, I just point out the facts. Your opinion is that we are back at previous levels of production mine is not.

On the CERA chart I see we are still almost 2mbpd apart from 08's high. I consider that previous levels. Next.

[AirlinePilot]

$this->bbcode_second_pass_quote('OilFinder2', 'T')he reason they are not pumping record amounts of oil right now has nothing to do with whether producers are able to or not.

OMG . . . .
$this->bbcode_second_pass_quote('AirlinePilot', 'A')nd for the record, the facts do not support that we are back at production levels seen previously.

[Velociryx]

riiiiight.

So...we are back to production levels we've seen previously, but....

(and here's where the classic AP-Logic kinda loses me)

...because they're not more than the all time HIGH production....we....

(struggling with the l.o.g.i.c....)

we're not back to production levels previously seen.....



Because of course, "back to production levels we've previously seen" and "all time high" are the .... same thing on this planet?

I'm so confused.

-=Vel=-

[Velociryx]

I think we need a "talk like AP day" here on po.com

I'll start:

Oily - CLEARLY all the so-called "finds" you list in your "recent discoveries" thread are not really finds at all yet, because not all of the claimed oil has been pumped out of the ground yet!

How, sir...How can you POSSIBLY make the claim that these are finds when it is still in the ground!?

This is yet another example of your sad, twisted logic, Oily, and I for one, am deeply disappointed.

-=Vel=-

$this->bbcode_second_pass_quote('AirlinePilot', '')$this->bbcode_second_pass_quote('OilFinder2', 'T')he reason they are not pumping record amounts of oil right now has nothing to do with whether producers are able to or not.

[Velociryx]

Okay, I call foul.

Oily, has that source been approved by one of the prophets?

If not, you can't use it.

You should know better!

-=Vel=-
(rolls eyes and awaits the inevitable refutation)

[AirlinePilot]

I do not agree that OPEC has that kind of spare capacity. More pragmatic analysis would place it somewhere below 4, possibly as small as 2.5mbpd, but of course that isnt right since no cornucopian agency agrees with that.

Once again your throwing around VERY QUESTIONABLE data and claiming it gospel.

[copious.abundance]

$this->bbcode_second_pass_quote('Velociryx', 'O')kay, I call foul.

Oily, has that source been approved by one of the prophets?

If not, you can't use it.

You should know better!

-=Vel=-
(rolls eyes and awaits the inevitable refutation)