[TheAntiDoomer]

Text deleted per COC 2.1.4. No more.

[DantesPeak]

$this->bbcode_second_pass_quote('TheDude', 'G')uest on 2nd hour of latest Financial Sense Newshour with Jim Puplava.

[shortonsense]

$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('TheDude', 'G')uest on 2nd hour of latest Financial Sense Newshour with Jim Puplava.

[AirlinePilot]

Simmons is telling you that we have screwed the pooch, but you're either too obtuse or your in denial to understand what he is saying.

Its time for the Saudi's to come clean and let independent analysts into their fields so the world can understand how brutally F'd we are all going to be in the not too distant future. That is the ONLY way we move forward with real mitigation.

I believe that at this point Simmon's probably feels we have already gone too far down the road from the situation that existed when he wrote that book.

I personally am in Hirsch's camp though. It's already too late for any cornucopian fantasy of conservation and alternatives to smooth the coming decline.

[shortonsense]

$this->bbcode_second_pass_quote('AirlinePilot', 'S')immons is telling you that we have screwed the pooch, but you're either too obtuse or your in denial to understand what he is saying.

[TheAntiDoomer]

AP, have you even Considered that Simmons is completly wrong on Saudi Arabia??? Just curious. I mean the guy has been wrong on a LOT so far.

[shortonsense]

Deleted per COC 1.0. No more of this.

Deleted per COC 1.0. No more of this.

Can the mod who did this please PM me? I am unclear as to how I stepped over the line.

[JohnDenver]

Well... our old buddy Matt Simmons has decided to pull the fire alarm again. Seems there's some crackpots out there making unfounded predictions about natural gas production!!!

$this->bbcode_second_pass_quote('', '&')quot;In the 40 years I've followed the industry I've been continuously amazed at the tangent people are willing to go off on without any data, or by getting the data wrong," Simmons said.

[misterno]

Is there a technical reason why NG wells face a production decline much faster than a oil well?

[Escapist]

Also shale gas producers are wearing rose colored glasses overstating their gas reserves, too optimistic about the lifespans of a well ..., I suggest you read the article on the oil drum that has been posted there a couple of weeks ago.

and to be honest you should deserve a ban calling simmons having an disease with no facts what so ever just because he doesn't agree with your point of view.

but this is how cornucopians work i guess attacking respected man for every change they get.

[JohnDenver]

$this->bbcode_second_pass_quote('pstarr', 'J')D, you ignored an important component of Simmon's comments. Where he discusses the geology and production curve of tightly-held shale gas.

[JohnDenver]

$this->bbcode_second_pass_quote('Escapist', 'a')nd to be honest you should deserve a ban calling simmons having an disease with no facts what so ever just because he doesn't agree with your point of view.

[shortonsense]

$this->bbcode_second_pass_quote('JohnDenver', '')$this->bbcode_second_pass_quote('pstarr', 'J')D, you ignored an important component of Simmon's comments. Where he discusses the geology and production curve of tightly-held shale gas.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'A')lso shale gas producers are wearing rose colored glasses overstating their gas reserves, too optimistic about the lifespans of a well ..., I suggest you read the article on the oil drum that has been posted there a couple of weeks ago.

$this->bbcode_second_pass_quote('pstarr', 'T')he point of my correction regards tightly held shale gas. You know. I know. We all know he was talking about conventional natural gas. Not tightly held shale gas that expires almost immediately.

dork, that isn't the Simmons quote JD was referring to. In 2003 Matt Simmons said natural gas production would fall off a cliff and we had about two more years before we reached a crisis. It's all here in black and white.
$this->bbcode_second_pass_quote('JohnDenver', '*')) For your reading enjoyment, vintage Simmons from the summer of 2003:
$this->bbcode_second_pass_quote('', 'S')immons: As you know, I have been talking for some time about the natural gas cliff we are experiencing.

[...]

Well, I know you understand it, but people need to understand the concept of peaking and irreversible decline. It's a sharper issue with gas, which doesn't follow a bell curve but tends to fall off a cliff.

[...]
Someone's going to be left holding the bag big time. If natural gas consumption surges in ten days of excessive heat then it would require almost a complete shutdown of industrial consumption to compensate and protect the grid. As I have been reporting for years now, there isn't going to be enough gas to run those plants, let alone new ones.

[...]

Pray for no hurricanes and to stop the erosion of natural gas supplies. Under the best of circumstances, if all prayers are answered there will be no crisis for maybe two years. After that it's a certainty.