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PeakOil is You

Improving Peak Oil Credibility

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

Re: Improving Peak Oil Credibility

Unread postby StarvingLion » Tue 03 Apr 2018, 11:35:21

General Electric is once again experiencing The Shale "Revolution" as its stock is down 2% today making new lows. Its totally bankrupt.

Did I mention that Schlumberger stock has nosedived from 85 to 64 since Jan 2017? Its doing a massive nosedive at the same time as GE. What a coincidence.

I guess they never got the memo that electricity is free now.
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Re: Improving Peak Oil Credibility

Unread postby StarvingLion » Tue 03 Apr 2018, 11:43:18

Its a good thing that "Renewables" Scam is curing The Peak Oil disease. What has "Renewables" accomplished in the past 20 years?

Answer: Nothing.

Got RPG?

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Re: Improving Peak Oil Credibility

Unread postby Outcast_Searcher » Tue 03 Apr 2018, 14:53:15

StarvingLion wrote:General Electric is once again experiencing The Shale "Revolution" as its stock is down 2% today making new lows. Its totally bankrupt.

Did I mention that Schlumberger stock has nosedived from 85 to 64 since Jan 2017? Its doing a massive nosedive at the same time as GE. What a coincidence.

I guess they never got the memo that electricity is free now.

Still cherry picking? Well, given the credibility of the rest of your posts here, why not? :roll:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Improving Peak Oil Credibility

Unread postby onlooker » Tue 03 Apr 2018, 16:21:40

I see Outcast, no answer to the post by SL about the pathetic progress of Renewable energy. Cherry picking works both ways you know.
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Re: Improving Peak Oil Credibility

Unread postby StarvingLion » Tue 03 Apr 2018, 19:50:17

Outcast_Searcher wrote:
StarvingLion wrote:General Electric is once again experiencing The Shale "Revolution" as its stock is down 2% today making new lows. Its totally bankrupt.

Did I mention that Schlumberger stock has nosedived from 85 to 64 since Jan 2017? Its doing a massive nosedive at the same time as GE. What a coincidence.

I guess they never got the memo that electricity is free now.

Still cherry picking? Well, given the credibility of the rest of your posts here, why not? :roll:


I'll let someone else describe the stupidity of Junkables:

http://euanmearns.com/germanys-energiew ... /#comments

Phillip Bratby says:
April 3, 2018 at 8:26 am

How could anybody possibly be so stupid as to install 93.9GW total capacity of solar with a capacity factor of only 10.6% and onshore wind with a capacity factor of only 19.6%? There is no need to answer the question, as we all know the answer. How can a country renowned for its engineering be so stupid?
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Re: Improving Peak Oil Credibility

Unread postby StarvingLion » Wed 04 Apr 2018, 12:59:37

TOTAL COLLAPSE UPDATE:

America cannot keep the lights on. BANKRUPT. Ghung will soon be jumping into his spider hole.

Here is just one comment: " The future of electric power security in New England is bleak. "

https://atomicinsights.com/is-americas- ... /#comments

Operators of a number of several large power plants with the ability to produce electricity night and day, wind or calm, pipeline or no pipeline, declared that they are planning to retire those plants. The companies making the announcements will either jump on the bandwagon trend of producing electricity using more fragile sources that depend on the weather or the hour by hour whim of the speculative fuel market or they will exit the business altogether.

Though I might have missed or overlooked a few important announcements, here are the ones that were the proximate stimulant for this post.

First Energy’s announced plan to retire its Ohio and Pennsylvania nuclear plants
Exelon’s announcement that it plans to retire the Mystic Generating Station
First Energy’s bankruptcy filing and the implication that it will affect its other plants
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Re: Improving Peak Oil Credibility

Unread postby KaiserJeep » Wed 04 Apr 2018, 14:14:07

SL, I have a personal history in the area, I married a native Nantucket'r in 1975, after being stationed on Nantucket Island while serving in the USCG. The island was then served by several large diesel generators located downtown near the harbor, and a half dozen above ground tanks that contained "bunker fuel", a viscuous substance that had to be heated before it could be injected into the diesel cylinders, as it is on large marine diesel engines.

The relatively small size Nantucket power plant meant that power was costly. There was also an acute safety issue, the power plant was surrounded by frame structures clad in cedar shingles, the mandated "historic architectural style". They would have burned like kindling, in fact fully a third of the town of Nantucket did burn in the mid-19th century whaling era, because they were storing wooden casks of whale oil in warehouses that were located in the same area as the power plant tank farm.

Nowadays, there is an underwater power feed from the mainland. Power is still relatively costly, averaging twice what it costs in most of the USA. Most of the mainland power comes from coal burned in classic high pressure steam turbine type power plants. These were until recently scheduled for retirement as part of Obama's "Clean Power Plan".

Renewables are NOT becoming major players in New England. In fact even though Nantucket is 35 miles offshore, and has near ideal prevailing wind conditions which caused NOAA to add it to the "Top Ten Wind Power Sites" list, the people don't want wind farms. Most of the classic high power steam turbines will be replaced by more efficient "combined cycle" power plants, still fueled by coal, but with stack scrubbing that will turn air pollution into toxic "fly ash".

I know this because I lost $7500 I unwisely invested in the Cape Wind offshore wind farm back in 2007 when Obama touted it as a "shovel ready" green energy project he would "fast track" as soon as in office. He said this during his first presidential campaign, and I believed him. Cape Wind would have occupied totally unused space on the Nantucket shoals and would have been only barely visible from either the island or the mainland:
Image
https://www.capewind.org/ (the link appears dead today, before that was not updated for 2+ years)

The problem was "NIMBY". The view of the offshore wind turbines would have been:
Image
...however, note the Cape Cod town called "Hyannis" on the map above. That is the location of the "family compound" of the powerfull Kennedy/Shriver clan, who refer to it as their "cottage", although it is about 11,000 square feet in three or more large structures. (Look for one of their finer moments when the movie "Chappaquiddic" premieres Friday this week.)

THEY didn't want to look at wind turbines offshore. So they formed a powerfull political alliance with the arch-conservative Republican "Koch Brothers", the fossil fuel magnates who own the large majority of coal contracts for the 80-odd New England area coal plants. Strange bedfellows, to say the least - but this alliance stopped the Cape Wind project dead in it's tracks via lawsuits. My $7500 is gone, which is why I remember this whole sorry story.

Note that the primary benefit of Cape Wind would have been the saving of an estimated 1200 people annually, who die from the asthma, emphysema, and other ailments caused by the coal effluents. That small area on the densely populated East Coast accounts for fully 10% of the 12,000 power plant fatalities that the USA experiences each year. Plus about twice that many who experience respiratory diseases but are only sickened and not killed.

But hey, those approximately 13,200 people that have died since 2007 did so for a reason, so that the Massachusetts royal family did not have to endure the "horror" of the above view of wind turbines on the horizon. But it does positively frost my butt with rage when the Democrats try to paint themselves Green to win an election.
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Re: Improving Peak Oil Credibility

Unread postby AdamB » Wed 04 Apr 2018, 16:07:11

StarvingLion wrote:TOTAL COLLAPSE UPDATE:

America cannot keep the lights on.


Well, admittedly the lights did go out at the local high school yesterday. But then they were back on again in an hour. So no bankruptcy there, if the people using the power hadn't paid the bill, you know the utility would have just left them in the dark as a lesson!
Peak oil in 2020: And here is why: https://www.youtube.com/watch?v=2b3ttqYDwF0
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Re: Improving Peak Oil Credibility

Unread postby StarvingLion » Fri 06 Apr 2018, 11:51:23

Total Collapse is Imminent:

EOG: Down 4% today
PXD: Down 3% today

The M in McDonalds will soon stand for Mouse burgers.

Its amusing how the collapse was not long ago set at year 2100. Then it became 2050. Then 2030. Now its at 2025 and still wavering.

Lets face it, a miracle will be making it till 2020. The Disaster Zone called The Permian will soon implode.

Forget about doomers. They are telling you right in your face they can't keep the lights on past 2024. They call it Load Shedding. You're the Load and about to be shedded.

https://www.iso-ne.com/static-assets/do ... alysis.pdf
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Re: Improving Peak Oil Credibility

Unread postby pstarr » Fri 06 Apr 2018, 12:29:44

"Forget about doomers. They are telling you right in your face they can't keep the lights on past 2024. They call it Load Shedding. You're the Load and about to be shedded."

ha ha ha ha ha ha ha (fill in the blanks; something brilliant, analytical and important-sounding)
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Re: Improving Peak Oil Credibility

Unread postby StarvingLion » Fri 06 Apr 2018, 13:06:41

coffeeguyzz better chew out the Fuzzy Heads because...

CNX Resources down 5% today.

Runaway deficits is not legitimate demand.

Shale Gas is ridiculously expensive.

Shale Oil is not going to grow.

Therefore, the gas is not affordable.

Load shedding cannot be prevented.

Peak oil, lights are going off.

So much for RE bubble.

Dollar worthless.
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Re: Improving Peak Oil Credibility

Unread postby KaiserJeep » Fri 06 Apr 2018, 16:55:54

SL, you are simply incoherent. You need to use complete sentances with appropriate puctuation and explain what you are trying to communicate more completely.

We are willing and anxious to communicate with you. You must however touch all the bases, not just dribble crumbs of information in your wake.
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Re: Improving Peak Oil Credibility

Unread postby onlooker » Fri 06 Apr 2018, 17:06:30

Even though SL, is tad too flashy and sensationalistic, the substance of what he is saying is quite cogent, realistic and provocative.
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Re: Improving Peak Oil Credibility

Unread postby pstarr » Fri 06 Apr 2018, 17:17:13

onlooker wrote:Even though SL, is tad too flashy and sensationalistic, the substance of what he is saying is quite cogent, realistic and provocative.

My point above.

SL is obviously an oil/energy analyst/insider gone rogue. He babblings have more content than most of the narcissistic self-absorbed rambling as per the self-described pundits left posting here.

We are willing and anxious to communicate with you. You must however touch all the bases, not just dribble crumbs of information in your wake.

KJ, SL apparently is not interested educating us or debating minutiae. Like others here come and gone, SL is merely ranting to maintain his own sanity.

This is peak. You want to debate the exact timing? Have at it. You want to believe it has been put off for decades as per EV's, tight-shale, undiscovered new plays? Have at it.

There is really little to say about peak oil that hasn't been said already.
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Re: Improving Peak Oil Credibility

Unread postby vtsnowedin » Fri 06 Apr 2018, 18:15:37

onlooker wrote:Even though SL, is tad too flashy and sensationalistic, the substance of what he is saying is quite cogent, realistic and provocative.

How can you tell? CNX, EOG,PXO, all undefined so the substance of what he is saying is anybodies guess.
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Re: Improving Peak Oil Credibility

Unread postby coffeeguyzz » Sat 07 Apr 2018, 01:17:02

"Shale gas is ridiculously expensive".

Hmmmm ... lemme see, lemme see.

(Spends 5 minutes checking).

Today's Henry Hub - $2.70/ mmbtu. That's a 2 and point 70 (cents) for 1 million British thermal units.

Dominion South averaged $2.25 for February and is dropping to $2.15 in May.
Agua Dulce hub is on track to be cheapest US gas transfer point due to onslaught of associated gas coming from the Permian.
2018 has average of $1.76/mmbtu and 2019 dropping to $1.56. (Sorry, Rockman).

I'll leave it to the site's intrepid readers to put those numbers in context, but - hint - should one describe these as ridiculously expensive ... well ... mkay.
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Re: Improving Peak Oil Credibility

Unread postby onlooker » Sat 07 Apr 2018, 09:42:59

Coffee, I think what Starve is referring too, is the extraordinary amount of lending needed to prop up Shale gas & oil. Very expensive in that sense
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Re: Improving Peak Oil Credibility

Unread postby KaiserJeep » Sat 07 Apr 2018, 16:12:12

That was my whole point, he needs to use more words and compose with more care. If you are uncertain what he is saying, it's not clever at all, it's stupid.
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