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MAP Update 2020, seeing perfectly now

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

Re: MAP Update 2020, seeing perfectly now

Unread postby Cog » Thu 06 Feb 2020, 09:28:05

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.
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Re: MAP Update 2020, seeing perfectly now

Unread postby StarvingLion » Thu 06 Feb 2020, 12:29:52

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 guess Cog hasn't looked at the stock chart of Suncor and Exxon Mobil lately. They'll both be penny stocks within 1 year. Ford is almost already there.

The interesting question is why Cog won't invest in ANY Oil Company while blathering on about its continued good health.
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Re: MAP Update 2020, seeing perfectly now

Unread postby StarvingLion » Fri 07 Feb 2020, 12:23:09

I don't understand why that concept is so hard to understand for the fast crash doomers.


Cog, you better explain it to Aubrey Mcclendon the guy who ran Chesapeake which is now a 0.50 penny stock. Exxon Mobil is following CHK stock chart perfectly. Oh wait, Aubrey rammed his truck into a concrete wall. Thats him here inside his truck burning himself to a crisp. He killed himself not long after I started my account here. I guess he was reading my posts. He was a billionaire. Of course, he actually wasn't, he was flat broke with massive debt like everyone else. Just think, Cog, could have saved his life if only Aubrey had known about the endless prosperity of money printing that is making oil/gas recovery "economic" today.

Aubrey McClendon - Wikipedia
Aubrey Kerr McClendon (July 14, 1959 – March 2, 2016) was an American businessman and the founder and chief executive officer of American Energy ...
Cause of death‎: ‎Single-vehicle crash
Born‎: ‎Aubrey Kerr McClendon; July 14, 1959; ...
Died‎: ‎March 2, 2016 (aged 56); Oklahoma City, ...

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Re: MAP Update 2020, seeing perfectly now

Unread postby Yoshua » Tue 18 Feb 2020, 11:46:24

"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?
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Re: MAP Update 2020, seeing perfectly now

Unread postby Outcast_Searcher » Wed 19 Feb 2020, 13:01:32

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.

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And notice how for the doomers, the supposed peak is ALWAYS just after the forecast.

If they were 10% as good at actually forecasting as moving their chart shape to the right (AKA revising the dates) and pretending their forecasts had ANY merit, they might actually have something meaningful to say, re future energy prices.

As it is, NOT SO MUCH.
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: MAP Update 2020, seeing perfectly now

Unread postby Outcast_Searcher » Wed 19 Feb 2020, 13:05:16

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?

It means the US doesn't want to see allies making direct purchases. The thing is, over time, that oil (adjusted for grade) is fungible, and it will trickle out to the market anyway, after some diversion re intermediate sales, etc. The potential profits won't be ignored over time.
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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