Cog wrote:This is why the Oil Drum board had to eventually close their doors. After a while the shark fin models blew up in their faces and it could not be denied that they had not a clue about depletion and drilling. I'm glad I was around to see it all unfold. I was banned from that board for suggesting politely that their models weren't based on anything resembling science.
We will eventually run out of economically exploitable Gas/Oil, but that day is well off into the future right now. I don't understand why that concept is so hard to understand for the fast crash doomers.
I don't understand why that concept is so hard to understand for the fast crash doomers.
marmico wrote:Gail Tverberg is a perma-doomer idiot.
Tverberg is a nutter. She may have finished top of the class in her 1964 high school graduating year in home economics, but so what.
Her January 2014 energy production consumption forecast is beyond abysmal.
Yoshua wrote:"Sanctions
U.S. OFFICIALS SAY TUESDAY'S MOVE TO SANCTION ROSNEFT TRADING SA IS THE FIRST IN A CAMPAIGN, AND THERE WILL BE FURTHER STEPS
SENIOR U.S. OFFICIALS SAY SUBSIDIARY ROSNEFT TRADING SA HAS PROPPED UP THE VENEZUELAN OIL SECTOR, ACTIVELY ATTEMPTED TO EVADE U.S. SANCTIONS
U.S. ALLOWS ENTITIES UNTIL MAY 20 TO WIND DOWN BUSINESS WITH ROSNEFT TRADING SA U.S. TREASURY"
Venezuela, Iran and now Russia?
Does this mean that Europe can't buy oil from Rosneft anymore?
shortonoil wrote:Old shorty and his doom crew still trying to breathe life into this dead horse of a theory. Comical.
Rather glib for someone facing a world pandemic of previously unknown historical proportions. We are all so amused. Still having trouble connecting the dots? It's true; there is no substitute for blatant stupidity.
WTI now $50.18. With the CDC now preparing the US for a 2019-nCov pandemic the price is likely to be below $40 in days.
Outcast_Searcher wrote:But of course, we should all listen to him, as he has endless nonsense to spew, along with predictions. Too bad they're so rarely correct.
vtsnowedin wrote:Outcast_Searcher wrote:But of course, we should all listen to him, as he has endless nonsense to spew, along with predictions. Too bad they're so rarely correct.
As Shorty is so consistently wrong one could short Shortie's positions and do pretty well year in and year out.
Yoshua wrote:The WTI didn't breakdown from its support line. It bounced off it.
Magic.
https://pbs.twimg.com/media/ERS_s13XkAA ... name=large
Yoshua wrote:Wow!
That's a busy chart. I like them simple.
Yoshua wrote:Technical charts are based on magic.
One trader drew this line on a monthly S&P 500 chart and expected a correction.
Magic.
https://pbs.twimg.com/media/ERoiNvaW4AA ... name=large
Cog wrote:Charts can show trends which are useful for making trading decisions.
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