$this->bbcode_second_pass_quote('SeaGypsy', 'B')lathering Buddy. Where is the next new SA going to come from?
PeakOil is You
US Shale Industry Set for a Second Boom with Waterflood Tech
Re: US Shale Industry Set for a Second Boom with Waterflood
by Buddy_J » Sun 14 Apr 2013, 23:14:13
Next one? Where did the LAST one come from? If we really are cranking out new Saudi Arabia's at the rate of one every 3 years, and don't know where they are, how can we even begin to contemplate where the next one is coming from?
$this->bbcode_second_pass_quote('SeaGypsy', '
') Meanwhile back at the ranch, the vast majority of fields are depleting and the frackers and flooders are eyeing old fields, the US is still importing most of it's oil, demand globally continues to grow. Meanwhile, where is the "Seamless transition" you were touting last week, the one that "Amazes" you?
Apparently, we have seamlessly added a new Saudi Arabia to the world output, and I am the first to notice. That's about as seamless as it gets for oil production. As far as renewables and the other things piling on, it does make for some interesting combinations of possibilities.
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Re: US Shale Industry Set for a Second Boom with Waterflood
by Buddy_J » Sun 14 Apr 2013, 23:21:05
$this->bbcode_second_pass_quote('ROCKMAN', 'B')uddy – I’ll guess you haven’t hung out at TOD as much as I used to. Many raging debates about when/if global PO has occurred.
Yup. And one main article which appears to represent the majority opinion of the rulers on when it happened.
$this->bbcode_second_pass_quote('ROCKMAN', '
') I doubt you would argue that we would have had the oil production increase we've seen had oil been selling for $40/bbl the last 6 years.
But what would a cost/supply curve said back then? Was it predictable that the US is the fastest growing oil producing region on the planet because of those increased prices?
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