seahorse3 wrote:I've been on this board since 2004. It's always interesting to me how many people will vehemently defend that SA is the swing producer despite so much good circumstantial evidence to the contrary.
seahorse3 wrote:Now for the "cherries" arguing we know nothing about SA production, we have not only publicly released info but also the inside info of posters here who have drilled in SA and concluded SA is at peak production. Enough said.
pstarr wrote:You two are almost twins. That's cute.
John_A
Tar Sands
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babystrangeloop
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pstarr wrote:These two feel like each other, but nothing like Spocklives==Shortonsense==Xenophobe==TheAntiDoomer==Hughj. The new guys are edgier. Nastier. More peakish also.yeahbut wrote:Yeah, sweet ain't it? Reminds me just a little, tiny bit of the tag-teaming between 'spocklives' (banned 2011-6-23) and 'hughj' (disappeared 2011-6-25 after copious posting/spamming). Just coincidence I'm sure
seahorse3 wrote:I could but won't. I long ago tired of reading and rehashing the same old disussions.
Pops wrote: Add in the continued slide toward recession limiting demand in the OECD countries and oil might be $80-90/bbl at the time we actually hit the ceiling! Wouldn't that be a kick in the pants?
TheDude wrote:I remember those posters claiming to have worked for Haliburton etc - some guy with "digger" in his handle? Maybe those posts are in the big Saudi Arabia thread somewhere.
TheDude wrote: But if you tally up all the production KSA has brought online in the past 6 years you begin to wonder where this gusher of oil has gone to. Haradh III? AFK? Not all of it heavy or sour, either, according to their claims. Are they just using these to give north Ghawar a break? Or compensate for its decline?
And of course, like others are pointing out, KSA had greater volumes being produced 32 years ago.
John_A wrote:Peak oil was supposed to be much more interesting (or terrifying even) than $80-$90 oil. I
Pops wrote:The other thing I wondered about was what happens if OPEC says "hey, we're running this show!" and cuts back production to support prices - that is why they are OPEC right?
AdTheNad wrote:Pops wrote:The other thing I wondered about was what happens if OPEC says "hey, we're running this show!" and cuts back production to support prices - that is why they are OPEC right?
I've wondered that, but can OPEC actually cut production? It seems like a silly question, but considering the oil price crash in 2008, it seems they couldn't cut production to stop the price falling all the way down to $40 back then. This to me indicates, at least in the short term they are locked in contracts, or it costs more to leave capital sitting there not doing anything. They can of course push back starting new wells etc in the more medium to long term.
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