Re: Peak oil debate
Posted: Wed 22 May 2019, 16:41:29
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.
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.