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PeakOil is You

The Domino Effect; Post Peak-Oil

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

Re: The Domino Effect; Post Peak-Oil

Unread postby asg70 » Sun 08 Oct 2017, 15:19:26

pstarr wrote:Have at it :) I'm all for it


Sure you are, because every time your factual errors are exposed you just wait a short while and repeat yourself.

That's basically your whole "demand dearth" nonsense in a nutshell. Just simple repetition.

And you're the last one who should be schooling anyone over their post-count.
Hubbert's curve, meet S-curve: https://www.youtube.com/watch?v=2b3ttqYDwF0
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Re: The Domino Effect; Post Peak-Oil

Unread postby rockdoc123 » Sun 08 Oct 2017, 16:29:14

The oil producers know exactly what they are doing. They are bilking you, your retirement/pension, CD's, everything and your children's future and whatever it is you hold dear.

The oil industry know all about economics . . . the kind that make them money and will leave you in the poor house. They even figured out how to put a President in office.


I guess you should call up all the people at Credit Suisse, Royal Bank of Canada, Bank of America, JP Morgan Chase & Co, Citigroup, Scotiabank and tell them that all the billions of dollars they have made in their oil and gas investments weren’t real. Or better call up the private equity firms like Goldman Sachs, Blackstone, Riverstone, Macquarie, Limerock, Kern Partners, First Reserve etc and tell them that they never really made billions of dollars on oil and gas over the past few decades, it was all in their imagination. And while you are at it you should tell all the Mom & Pop investors who invested $100,000 in Exxon Mobil back in 2000 that the extra $100,000 they made as the shares appreciated was really just in their imagination, as was all the money they made in dividends and distributions. And you better tell their neighbors who took the same $100,000, accepted more risk and invested in EOG Resources back in 2000 that the $9 MM dollars they made since then as the share price appreciated wasn’t real :roll:

And you also need to check your facts regarding oil and gas company investment in the last election. They were overwhelmingly in support of Ted Cruz (around a million dollars in direct donations). And Donald Trump apparently received a total of $10,763 from oil and gas companies compared to Hilary Clinton who received $307,561and John Kasich who received $115,082. Indeed, Jeb Bush had received $503,902 and Marco Rubio had received $374,489 before they suspended their campaigns. So apparently they absolutely do not know how to get a president elected.

global demand has not risen in a decade. Only US demand. We are forfeiting our own future


You really are a dolt….perhaps you should actually reference some data for a change? Global demand in 2006 was 85.8 MMbbl/d and in 2016 it was 96.6 MMbbl/d an increase of 11%. Just look at the BP annual report on Energy.
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Re: The Domino Effect; Post Peak-Oil

Unread postby pstarr » Sun 08 Oct 2017, 16:37:14

rockdoc, you confuse demand with production. Not the same, since half of that production is used by the oil producers to actually produce oil. It's neither a market demand or supply. It's an expense on a ledger book.
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Re: The Domino Effect; Post Peak-Oil

Unread postby asg70 » Sun 08 Oct 2017, 16:53:06

pstarr wrote:half of that production is used by the oil producers to actually produce oil.


Prove it.
Hubbert's curve, meet S-curve: https://www.youtube.com/watch?v=2b3ttqYDwF0
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Re: The Domino Effect; Post Peak-Oil

Unread postby pstarr » Sun 08 Oct 2017, 16:58:35

asg70 wrote:
pstarr wrote:half of that production is used by the oil producers to actually produce oil.


Prove it.

I already have. And you know it, because you just trolled me over on the etp thread.

Since we are the only two actively engaged in these discussions, perhaps we should get a room? Or at least share texts?
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Re: The Domino Effect; Post Peak-Oil

Unread postby rockdoc123 » Sun 08 Oct 2017, 17:22:52

rockdoc, you confuse demand with production. Not the same, since half of that production is used by the oil producers to actually produce oil. It's neither a market demand or supply. It's an expense on a ledger book.


complete and utter horse crap. Those of us in the industry know that we used as much energy (if not more) to drill a well to 4000 m back in 2000 as we do today. Better engines today, some of them hybrid and better drillbits, mechanical toolpush etc have cut down on the days to drill which means less energy expended. For example, an MRC well in Saudi Arabia with total reservoir contact of 20,000 feet takes on average 40 days to drill. That means that the maximum consumption of diesel is 80,000 gallons. Each barrel of oil produces about 11 gallons of diesel so that means the total oil equivalent consumption is 7272 bbls. These wells are all producing on average over 5000 bbls per day which means they have paid for all the diesel they will ever consume in 1.5 days of production. If you think that is half of what will be produced they you really are an idiot.

And I am not confusing demand with production. Demand is consumption by definition which has been rising globally steadily. If we were using half of that oil to produce we would all have been out of business long before I retired.
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Re: The Domino Effect; Post Peak-Oil

Unread postby asg70 » Sun 08 Oct 2017, 22:16:38

rockdoc123 wrote:These wells are all producing on average over 5000 bbls per day which means they have paid for all the diesel they will ever consume in 1.5 days of production. If you think that is half of what will be produced they you really are an idiot.


So, um, PStarr, how long before this information flows in and back out your empty skull and then you will again repeat your 50% nonsense?
Hubbert's curve, meet S-curve: https://www.youtube.com/watch?v=2b3ttqYDwF0
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