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PeakOil is You

Mid-Year ETP MAP Update Pt. 2

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

Update of the beloved diagram

Unread postby Baduila » Wed 17 Jun 2020, 15:28:51

Image

The oil price is still too low for SA and OPEC+. They are forced to continue the reductions.
Image Take care of the second law.
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Re: Mid-Year ETP MAP Update Pt. 2

Unread postby BahamasEd » Mon 29 Jun 2020, 11:26:06

The problem is we can no longer afford to pay for the extraction of fossil fuels, oil, coal and natural gas along with the refining and transport to the end user.

It really is that simple, the end user doesn't have the money so they are putting it on the credit card (debt in general) and making the smallest payment until they will default of it.

That's how I'm looking at all that's happening far this year, it's really about our need to get by with less energy.
The total energy cost of producing and delivering a gallon of gasoline to the end consumer must be less than the energy in a gallon of gasoline for it to be commercially viable.
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Re: Mid-Year ETP MAP Update Pt. 2

Unread postby Outcast_Searcher » Mon 29 Jun 2020, 14:20:47

BahamasEd wrote:The problem is we can no longer afford to pay for the extraction of fossil fuels, oil, coal and natural gas along with the refining and transport to the end user.

Spouting the same nonsense endlessly makes it NO MORE true.

The "problem" re the current oil price being lower than before is CLEARLY one of reduced demand, to anyone with a brain and a clue about how economics works.

If we get a good answer to COVID-19 and the global economy is able to spin up to 90% or so of its former level, including things like air transport demand, then the price of oil will tend to return to normalcy, over time. Just like with the great recession, and many previous cycles.
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: Mid-Year ETP MAP Update Pt. 2

Unread postby marmico » Mon 29 Jun 2020, 16:07:22

The problem is we can no longer afford to pay for the extraction of fossil fuels, oil, coal and natural gas along with the refining and transport to the end user.


BS.

Joe Sixpack purchased 9 gallons of gasoline per hour worked in 2019. More affordable than in the 2004-2016 period. Adjusted for the increase in fleet passenger vehicle fuel economy, 2019 gasoline was roughly as affordable as it was in the 1990-2004 period.

Image
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Re: Mid-Year ETP MAP Update Pt. 2

Unread postby AdamB » Mon 29 Jun 2020, 17:05:53

Outcast_Searcher wrote:
BahamasEd wrote:The problem is we can no longer afford to pay for the extraction of fossil fuels, oil, coal and natural gas along with the refining and transport to the end user.

Spouting the same nonsense endlessly makes it NO MORE true.


Worse yet, anyone can stand at a corner convenience store and watch folks come in and prove it to themselves as nonsense in 5 minutes. Here they come...buy some fuel...there they go.

How divorced from reality can a peak oiler get? Apparently, completely. Some thing never change.
Peak oil in 2020: And here is why: https://www.youtube.com/watch?v=2b3ttqYDwF0
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Re: Mid-Year ETP MAP Update Pt. 2

Unread postby marmico » Tue 30 Jun 2020, 09:53:24

Worse yet, anyone can stand at a corner convenience store and watch folks come in and prove it to themselves as nonsense in 5 minutes. Here they come...buy some fuel...there they go.


Worse yet. One can go to the EIA data set and say that the rolling 5 year period ending in 2019 for US total energy spending relative to GDP is the lowest ever.

Image

https://www.eia.gov/totalenergy/data/mo ... ec1_19.pdf
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Re: Update of the beloved diagram

Unread postby tita » Fri 03 Jul 2020, 05:59:49

Baduila wrote:Image

The oil price is still too low for SA and OPEC+. They are forced to continue the reductions.


WTF is this line you call MAP_Price? I see a price of $60 in the end of 2020.

I thought the MAP_Price was something around $19 at this date. Now the ETP crowd just change the data to fit their fucked-up theory to the reality??

You should be ashamed to put bullshit TA finance analysis as anything near to prove your point.
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Re: Update of the beloved diagram

Unread postby asg70 » Fri 03 Jul 2020, 10:29:07

tita wrote:I thought the MAP_Price was something around $19 at this date. Now the ETP crowd just change the data to fit their fucked-up theory to the reality??
You should be ashamed to put bullshit TA finance analysis as anything near to prove your point.


For the record, anyone remember when was the map price was supposed to hit $0 back when ETP was first being flogged here? That was at least two maybe three years ago when ETP was a "thing" and I could have sworn the doomsday 0 date was only 2-3 years off so it has to be around now.

BOLD PREDICTIONS
-Billions are on the verge of starvation as the lockdown continues. (yoshua, 5/20/20)

HALL OF SHAME:
-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Update of the beloved diagram

Unread postby Tanada » Fri 03 Jul 2020, 11:42:52

asg70 wrote:
tita wrote:I thought the MAP_Price was something around $19 at this date. Now the ETP crowd just change the data to fit their fucked-up theory to the reality??
You should be ashamed to put bullshit TA finance analysis as anything near to prove your point.


For the record, anyone remember when was the map price was supposed to hit $0 back when ETP was first being flogged here? That was at least two maybe three years ago when ETP was a "thing" and I could have sworn the doomsday 0 date was only 2-3 years off so it has to be around now.


This is the first ETP image I could find.
Image

That puts the end of industrial civilization in early 2016.

And here is the one that shows oil prices going negative.
Image

Which means oil is free right now, isn't that wonderful?
I should be able to change a diaper, plan an invasion, butcher a hog, design a building, write, balance accounts, build a wall, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, pitch manure, program a computer, cook, fight efficiently, die gallantly. Specialization is for insects.
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