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PeakOil is You

Peak oil debate

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

Re: Peak oil debate

Unread postby coffeeguyzz » Wed 22 May 2019, 15:41:29

Although I make a point of not cyber engaging in these forums with people of little contributory significance (which is why I greatly appreciate input from those dealing in relevant facts), ol' SL's spew above could be illustrative of why so many on these sites miss so much of what is going on in the real world of LTO.

Does SL know that CNX's senor vice president of engineering and operations (BIG job!) Andrea Passman was let go 2 weeks ago and only publically acknowledged yesterday afternoon?
Is SL aware of the issues on CNX's Shaw pad that are costing the company tens of millions in production costs?
Most pertinently to ANYONE who follows this so called Shale Revolution ... what the fuck does the current HH price of $2.56/mmbtu mean in the context of available supply for, say, the next several DECADES?

Main point being, there is such a vast, vast supply of hydrocarbons - specifically natgas - poised to enter the market that producers are facing longterm challenges.

Just like the guy selling buckets of seawater down at the beach, CNX - along with many other operators - is dealing with resource abundance, not scarcity.
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Re: Peak oil debate

Unread postby Plantagenet » Wed 22 May 2019, 16:28:46

coffeeguyzz wrote:
Main point being, there is such a vast, vast supply of hydrocarbons - specifically natgas - poised to enter the market that producers are facing longterm challenges.

Just like the guy selling buckets of seawater down at the beach, CNX - along with many other operators - is dealing with resource abundance, not scarcity.


Yup.

The huge natgas reserves found in TOS are amazing and have been widely publicized for years. No one should dispute this fact. Obama even boasted in a state of the union address that the USA had a "100y year supply" of nat gas thanks to fracking....and that was only about 5 years ago, so we've got at least 95 more years of nat gas supply to go.....

CHEERS!
"The people in power should listen.....its them I'm criticizing" Greta Thunberg, Lisbon, 12/4/19
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