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Why We Should Be Concerned About Low Oil Prices

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

Re: Why We Should Be Concerne d About Low Oil Prices

Unread postby onlooker » Sat 06 May 2017, 11:01:12

$this->bbcode_second_pass_quote('asg70', '')$this->bbcode_second_pass_quote('onlooker', 'I'), myself have never uttered specific dates for specific events taking place.


You do by extension...by virtue of your virulent support of ETP, which draws a line in the sand of about 4 years hence.

Okay, that is true. I will stick with fully supporting Etp and by extension its time line. Conditional upon any new information that may somewhat alter the trajectory
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby ralfy » Sat 06 May 2017, 11:37:22

In relation to low oil prices:

"Oil Industry Needs Half a Trillion Dollars to Endure Price Slump"

https://www.bloomberg.com/news/articles ... to-survive
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby Plantagenet » Sat 06 May 2017, 11:47:56

$this->bbcode_second_pass_quote('ralfy', 'I')n relation to low oil prices:

"Oil Industry Needs Half a Trillion Dollars to Endure Price Slump"

https://www.bloomberg.com/news/articles ... to-survive


This article is from 2015.

Time has marched on and things have changed.

Do you have an update concerning the current state of the oil industry?
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby onlooker » Sat 06 May 2017, 14:04:09

How is this for recent: https://srsroccoreport.com/oil-price-co ... d-its-day/
$this->bbcode_second_pass_quote('', 'O')il Price Collapse Is ‘Permanent’; Analyst Says Fossil Fuel Has Had Its Day
The highly regarded Oxford University economics professor is a long-time industry observer.

It seems Etp is going mainstream :razz:
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby asg70 » Sat 06 May 2017, 14:09:56

The word "ETP" is not mentioned once in this article. In fact the headline associated with it is:

$this->bbcode_second_pass_quote('', '
')The latest collapse is the harbinger of a global energy revolution which could spell the end-game for fossil fuels.


That sounds more like a cornucopian transition to renewables than anything remotely doomy unless your livelihood relies on oil industry profits.

Here are some more details that run contrary to luddite perma-doomers:

$this->bbcode_second_pass_quote('', '
')oil companies are beginning to come around to Helm’s view that the burgeoning market for electric vehicles may have been underestimated and could radically change the outlook for oil demand.
...
In addition to the soaring popularity of low-cost electric taxis and falling costs of electric battery storage, more people in emerging economies are expected to become car-owners for the first time, and will be buying electric or high efficiency vehicles.
..
the company is also preparing to study the future impact of artificial intelligence technology and 3D printing which could dramatically reduce the energy used in manufacturing and shipping parts.


I think you've hitched your wagon on the wrong evangelist.

BOLD PREDICTIONS
-Billions are on the verge of starvation as the lockdown continues. (yoshua, 5/20/20)

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby asg70 » Sat 06 May 2017, 14:40:26

$this->bbcode_second_pass_quote('pstarr', '
')At the current rate * the EV acquisition and replacement (by oil insiders and cornies alike), it will be a cold day in hell when low oil prices are anything but a death knell for the industry.
There is no transition


* Those who are smitten with Hubbert's curve should appreciate the Sigmoid curve

BOLD PREDICTIONS
-Billions are on the verge of starvation as the lockdown continues. (yoshua, 5/20/20)

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby onlooker » Sat 06 May 2017, 14:42:33

Yes cornies how are you going to do a transition without a functioning Oil Industry?
There is no transition
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby asg70 » Sat 06 May 2017, 15:06:07

Sorry to inject some much-needed reality here, but Onlooker is arguing AGAINST HIS OWN CITED SOURCE.

To address your internet ADD, here is what triggered my rebuttal:

$this->bbcode_second_pass_quote('onlooker', 'H')ow is this for recent: https://srsroccoreport.com/oil-price-co ... d-its-day/
$this->bbcode_second_pass_quote('', 'O')il Price Collapse Is ‘Permanent’; Analyst Says Fossil Fuel Has Had Its Day
The highly regarded Oxford University economics professor is a long-time industry observer.

It seems Etp is going mainstream :razz:



He cited the source to prove ETP was going mainstream when in effect his source is predicting technocopia.

If you guys want to be taken seriously, then make proper appeals to authority. Don't just lazily link to articles that actually wind up saying the complete opposite of what you're trying to prove.

Really, you guys should really get off your self-appointed pedestals.

BOLD PREDICTIONS
-Billions are on the verge of starvation as the lockdown continues. (yoshua, 5/20/20)

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby onlooker » Sat 06 May 2017, 15:12:43

Asg, just because I cited the article doesn't mean I have to agree with everything it says. Low prices is consistent with Etp and Oxford is a breeding ground for the mainstream intellegista of this planet. I just am not seeing morning in America as President Regan would say
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby asg70 » Sat 06 May 2017, 15:22:14

$this->bbcode_second_pass_quote('pstarr', 'H')ere's how low oil prices hurt producers and will eventually destroy an economy . . . like ours.


Venezuela is not . . . like ours.

It's a socialist failed state that relies solely on oil revenue and handouts to the poor.

$this->bbcode_second_pass_quote('onlooker', '
')Low prices is consistent with Etp


It's also consistent with a glut and continued BAU. Low prices by its own proves nothing and the article does more to counter doomerism than anything else. It was an epic fail to link to it.

Listen. You two can continue to live inside your reality distortion field all you want, but don't for a minute think you're actually scoring genuine rhetorical points the way you're going about things.

BOLD PREDICTIONS
-Billions are on the verge of starvation as the lockdown continues. (yoshua, 5/20/20)

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby asg70 » Sat 06 May 2017, 15:37:48

$this->bbcode_second_pass_quote('pstarr', 'C')orrect, Venezuela (unlike the US) it's an oil exporter. Unfortunately it's precious life-blood and market is failing, in part because API 15 is difficult to sell. But ultimately there is a cushion: Venezuela has heating oil and a market for the stuff in the US.


Which is relevant...why exactly? You seem to shift stream-of-consciousness from one theme to the next, even it's self-contradicting. The only common theme I can detect is the desire to paint a pessimistic narrative for the US.

Tanada recently questioned your mental health and I can see why.

BOLD PREDICTIONS
-Billions are on the verge of starvation as the lockdown continues. (yoshua, 5/20/20)

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby kublikhan » Sat 06 May 2017, 16:18:27

$this->bbcode_second_pass_quote('pstarr', 'T')here is no transition :cry: sorry :)
That is why asg70 wrote this:

$this->bbcode_second_pass_quote('asg70', 'I') think you've hitched your wagon on the wrong evangelist.
I think asg70 is correct. It doesn't make much sense to cite an article that is predicting the death of oil for completely different reasons(technotopia) than the ones you cite(etp). You would just end up arguing with yourself.
The oil barrel is half-full.
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby kublikhan » Sat 06 May 2017, 16:28:11

$this->bbcode_second_pass_quote('pstarr', 'H')ere is a simpler version: Current low oil prices (a consequence of a demand-dearth. or or supply-glut. or whatever) are simply inadequate to to produce the last remaining difficult oil left on the planet earth. Is that easier? Or is your comprehension harder?
Pstarr, you are projecting again. You failed to comprehend what asg70 was saying so now you are projecting your comprehension problems onto me.
The oil barrel is half-full.
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Re: Why We Should Be Concerned About Low Oil Prices

Unread postby onlooker » Sat 06 May 2017, 16:31:15

I see you naysayers fell right in line with the Techi-optimist version of low oil prices. The establishment, Oxford included are just paving the way for explaining in the coming weeks and months and even years the low oil prices. So they simply deduce is must be Renewable sources coming online. When in reality these sources STILL are a small fraction of total energy. As always the establishment is trying to stay ahead of the game (propaganda game). They must truly suspect that the Etp is unto something with low oil prices being an important barometer of a disintegrating energy/oil infrastructure.
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