Exploring Hydrocarbon Depletion
Peak Oil is You
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Page added on December 6, 2016
3 Comments on "How Does US Shale Oil Respond to OPEC Cuts?"
rockman on Tue, 6th Dec 2016 5:27 pm
Wouldn’t play for me. Did he say anything other then the obvious: the higher the oil price the more wells of any type will be drilled?
dave thompson on Wed, 7th Dec 2016 1:17 pm
Oil prices need to rise a lot to ramp up shale oil production. As oil prices rise to accommodate the shale oil production the economy tanks. Sounds a lot like peak oil/ resource depletion built into the system of infinite growth on a finite planet. Wow hood-a thunk it?
Boat on Wed, 7th Dec 2016 1:49 pm
Yea, that’s why OPEC is trying dump production to raise prices. Lol
US production is on the rise with prices under $50 blowing away the myth the need for needing $80 as widely speculated. Drilling rig deployment is on the rise also. Production just set a new peak oil production record. None of this suggests a final peak anytime soon. None of this suggests depletion.
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