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Revi wrote:Right. Check out a graph of shale oil production. It has gone up and down a bit since 2015, but we are definitely on top of a very tiny peak now. Where do you think it will go? Will it continue on to the stratosphere? Will it make a gigantic mesa and keep us in oil for the foreseeable future? I don't think so...
pstarr wrote:What a crock of manure. The Unites States consumes 20 million barrels of oil per day. The United States produces 10 million barrels of oil per day.
20 minus 10 does not equal 1.4. Sorry for your loss kub
ralfy wrote:20 Mbd for less than 5 pct of the world's population.
ralfy wrote:ROCKMAN wrote:k - Mucho thanks for all the facts. The continuing irritation is the misuse of the term "consumption". It so easily confuses folks who don't understand that much of US oil "consumption" is the oil "consumed" by our refineries with the resultant products exported to the actual foreign FINAL CONSUMERS of that rather large volume of US oil "consumption". And even though that FACT has been repeatedly explained by you and the Rockman et al some here still INTENTIONALLY use that poor terminology in their arguments.
As the famous Texas comedian Ron White has said: "You can't fix stupid."
And foreign consumers that make up a growing, global middle class, for which I recall one article point out that we will need around four more Saudi Arabias to stay afloat. Clearly, one "energy[-]producing superpower" won't be enough.
Revi wrote:Right. Check out a graph of shale oil production. It has gone up and down a bit since 2015, but we are definitely on top of a very tiny peak now. Where do you think it will go? Will it continue on to the stratosphere? Will it make a gigantic mesa and keep us in oil for the foreseeable future? I don't think so...
Plantagenet wrote:Revi wrote:Right. Check out a graph of shale oil production. It has gone up and down a bit since 2015, but we are definitely on top of a very tiny peak now. Where do you think it will go? Will it continue on to the stratosphere? Will it make a gigantic mesa and keep us in oil for the foreseeable future? I don't think so...
The EIA thinks that "little peak" in US oil production from shale is the start of a giant "mesa" of high levels of US oil production extending out into the 2040s.
Personally, I hesitate to predict what it will do into the future.
Plantagenet wrote: I never anticipated the huge amounts of oil we are producing from TOS right now, and I don't see why oilcos couldn't continue to frack and produce oil in the same way for decades, assuming there is enough TOS to keep it all going. AND the potential amount of oil in US shales is enormous....some estimates of TOS reserves just in the Permian Basin run into the 10s of billions of barrels.
Cheers!
coffeeguyzz wrote:As far as the US goes, you Peak Oil guys might consider taking up another hobby. Just sayin'.
Revi wrote:Right. Check out a graph of shale oil production. It has gone up and down a bit since 2015, but we are definitely on top of a very tiny peak now. Where do you think it will go? Will it continue on to the stratosphere? Will it make a gigantic mesa and keep us in oil for the foreseeable future? I don't think so...
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