rockdoc123 wrote:PROGRESS!
So now LPGs can be made in the mantle huh? If the high priest of biotic oil David Middleton admits that, it must be true. We are more than half of the way to abiotic oil. You say its extremely hard to reverse the process of cracking between LPGs and methane. And I believe you. Tell us, compared to c1 to c2-5, is it harder or easier, or about the same to convert LPGs to slightly longer carbons chain rings and trees? hehehe!
listen you frigging moron.....nothing in the lab has been created other than methane and very miniscule amounts of ethane and a very tiny trace of propane. This is not oil you dolt. The energy and heat to do just that is beyond ridiculous and there is no way to get beyond it to the higher ends....hasn't been done even theoretically (see the work done by the USGS). Not only that if by some magic you created it...it is immediately dissaccotiated due to the high heat and cannot be put back together. You have been told this numerous times. How frigging slow are you?
Also kerogen is carbon chemicals that have stripped of hydrogen, oxygen, ( and other elements used by life if we are using biotic theory ) by ' beyond ridiculous ' energies and pressures
peakoilwhen wrote:AdamB wrote:So far, no sign of oil at all, economic or otherwise. In part because...as has been pointed out to you...<snicker snicker>...at those temperatures oil gets turned into thermogenic gas...for starters. You know...just like it does everywhere else in the world.....duh.
Well did your oil friend find any gas in the holes he drilled?
Yoshua wrote:We are experiencing peak oil dynamics today.
Conventional oil peaked in 2005 and reached a plateau.
Yoshua wrote:The financial crisis of 2008. The euro crisis of 2011. The extreme credit/debt expansion in China. The central banks QE programs. Trillions of dollars and euros have been printed by central banks. Asset bubbles have been created. The oil industries move into production of unconventional oil. Falling net energy and the collapse of the oil price in 2014. The peak in all liquids in 2015 which now also is on a plateau. The implosion of weaker economies around the world. The collapse of currencies against the petrodollar.
We are living peak oil dynamics today.
onlooker wrote:Yes and I would add :
We're in stagflation now. And have been for over 2 years.
onlooker wrote:And without the debt exponentially rising we would have seen hyperinflation a long time ago.
onlooker wrote:Everything is hidden behind smokescreens and curtains these days. Everything is manipulated. It's hard to tell where we stand at any given time, but it's quite easy to see the overall trendline.
Yoshua wrote:It is almost strange that we still discuss when peak oil comes since we are living peak oil.
Yoshua wrote:I just wonder if we will be able to create a financial system and an economy that can survive a contracting economy ?
Yoshua wrote:I still wonder if it would be possible to land the economy gently without causing a total collapse.
Yoshua wrote:
The problem would just be that 7.4 billion would not survive this contraction. And the oil production and the net energy would continue to fall until they reach zero at some point.
ROCKMAN wrote:Y - "...since we are living peak oil." Exactly: dealing every day with the Peal Oil Dynamic...the POD.
Yoshua wrote:Peak oil theories can give some guiding to how things will evolve.
Yoshua wrote: Living with peak oil is a different thing. We learn as we go along. The financial system has changed since the financial crisis. The economies will be forced to adjust to a new reality.
Yoshua wrote:One thing is sure though: We are living with peak oil today.
Yoshua wrote:The difference between conventional and unconventional oil is the net energy received.
Yoshua wrote:There is a difference between living in petrodollar land and Mexico or Venezuela ?
rockdoc123 wrote: Kerogen is the precursor to both coal and hydrocarbons. It is time and temperature that converts kerogen to hydrocarbon but at some point (either high enough temperature or long enough burial) all of the kerogen is converted. This is called the transformation ratio of a kerogen and in most cases 100% transformation ratio (all of the kerogen converted) is reached by depths of 4 to 5 km in a continental basin setting.
That means kerogens never make it to depths of even the lower crust let alone the mantle. Suggesting otherwise dispels all sorts of physical laws, which apparently you never learned at your boxtop physics school.
2. Kerogen is present almost exclusively in very tight (nanodarcy) source rock shales and marls, gas cannot penetrate into the pore space as there is no pathway.
+1AdamB wrote:onlooker wrote:Yes and I would add :
We're in stagflation now. And have been for over 2 years.
Stagflation.
What is 'Stagflation'
A condition of slow economic growth and relatively high unemployment – economic stagnation – accompanied by rising prices, or inflation, or inflation and a decline in Gross Domestic Product (GDP).
Economic growth since the end of the last recession has been slow, but it has been growth over a much longer period of time than is normal between recessions. And unemployment has been getting better, and is not high. Prices have been rising in some areas, but inflation isn't bad at all, and no, GDP is not declining.
So no, we haven't been in stagflation the last 2 years.
StagflationIn economics, stagflation, a portmanteau of stagnation and inflation, is a situation in which the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.
GLOBAL DISINFLATION IN AN ERA OF CONSTRAINED MONETARY POLICYInflation has declined markedly in many economies over the past few years. This chapter finds that disinflation is broad based across countries, measures, and sectors—albeit larger for tradable goods than for services. The main drivers of recent disinflation are persistent economic slack and softening commodity prices. Most of the available measures of medium-term inflation expectations have not declined substantially so far. However, the sensitivity of expectations to inflation surprises—an indicator of the degree of anchoring of inflation expectations—has increased in countries where policy rates have approached their effective lower bounds. While the magnitude of this change in sensitivity is modest, it does suggest that the perceived ability of monetary policy to combat persistent disinflation may be diminishing in these economies.
Inflation rates in many economies have steadily declined toward historically low levels in recent years (Figure 3.1). By 2015, inflation rates in more than 85 percent of a broad sample of more than 120 economies were below long-term expectations, and about 20 percent were in deflation—that is, facing a fall in the aggregate price level for goods and services.
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