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General Fossil Fuels Production News AND discussion

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

Re: General Fossil Fuels Production News AND discussion

Unread postby AdamB » Mon 01 Aug 2022, 23:13:39

C8 wrote:
AdamB wrote:
C8 wrote:https://dailytrust.com/iswap-boko-haram ... el-chidoka

This is what happens when an energy crisis and a crisis of lawlessness collide- coming soon to the US as we print ever more money, let criminals run free, and keep expanding social spending to destroy the work ethic.


How right of center would you consider yourself C8? None at all, a little, alot?


None- I favor limited abortion rights (12 wks), national health care (or better yet, deregulation), lower military budget, campaign finance limits, high taxes on billionaires (and a wealth tax on them!), equal rights for all, welfare, SS, free college (but strict tests to get in), expanded nature preserves, public transit, etc. etc.

Does this surprise you? I voted Democrat all my life until the last decade. Bill Clinton was "my guy".


I asked the question just because of the criminals run free, destroy the work ethic comment. That tends to be a old style Republicrat angle (you have to differentiate between them and the new Qanon Republicrats) is all.

I tend to be similar, supporting positions from both sides (without any Qanon Republicrat angles) and always confused as to why a third party can't muscle out the extremists.

C8 wrote:But the Democrats have continued to move so far left that I can't support most of their agenda anymore.


Sure. And we've got 50%+ Qanon eating away the Republicrats.

C8 wrote:They have taken over every institution in America and are now our greatest threat to freedom.


Really? So from 2016-2018 when Republicrats had taken over every public institution, things were grand? Don't get me wrong, I am no more happy with Democans running the joint than I am white nationalist Qanon fanatics, and some Rhinos mixed in with the Republicrats.

C8 wrote:Lockdowns, the cancel culture, defunding those who you disagree with, removing videos, silencing speech, physically attacking politicians, ballot harvesting have all come from Democrats. Once they get total power it will be game over for democracy. They, not Republicans, are now the party of the super rich and the corporations- all the stats show this.
Don't be a "party man" Adam- think for yourself


Oh, I do that really really well. So the Democans have one way to gain power according to you, are you implying that the coupe attempted by the Republicrats wasn't a first strike looking to achieve exactly the same result?
What does a science denier look like?

Armageddon » Thu 09 Feb 2006, 10:47:28
whales are a perfect example as to why evolution is wrong. Nothing can evolve into something that enormous. There is no explanation for it getting that big. end of discussion
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Re: General Fossil Fuels Production News AND discussion

Unread postby C8 » Sat 06 Aug 2022, 16:24:59

U.S. Drilling Activity Slows As Oil Prices Ease

https://oilprice.com/Energy/Energy-Gene ... -Ease.html

Drillers seem determined to not overproduce this time- a steady high price is what they want. This actually brings up a good argument for the nationalization of oil. If drillers are doing this, then they are acting as a cartel and should be taken over. They are, after all, using land that belongs to all Americans at some level. And they would expect protection from another country coming in and taking them over- so they receive benefits from the US govt.

On the other hand, maybe production prices are too high due to inflation, depletion, etc. and they need the price of oil to be a certain level to make a profit.
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Re: General Fossil Fuels Production News AND discussion

Unread postby AdamB » Sat 06 Aug 2022, 18:44:52

C8 wrote:
U.S. Drilling Activity Slows As Oil Prices Ease

https://oilprice.com/Energy/Energy-Gene ... -Ease.html

Drillers seem determined to not overproduce this time- a steady high price is what they want.


Darn tootin!!! Give us huge IRR's or give us death!!

C8 wrote: This actually brings up a good argument for the nationalization of oil.


Indeed. Putting the government in charge of something is an excellent way to make a process more expensive, less efficient, and requires a substantial expansion in bureacracy which means job security for them!!

C8 wrote: If drillers are doing this, then they are acting as a cartel and should be taken over.


Show me in the Constitution that it says a public or private company is required to drill everything they can, as fast as they can. Just any line, anywhere in the document, that even implies it perhaps?

C8 wrote: They are, after all, using land that belongs to all Americans at some level.


Sure. And AFTER they agree to development, the industry pays them up front for leases, and whether they are folks owning 40 acres, or the Federal government owning 10,000, 1/8th or more of the total value produced from their property is sent to them in the form of a check. Pretty nice system for the mineral rights owners!!

C8 wrote:On the other hand, maybe production prices are too high due to inflation, depletion, etc. and they need the price of oil to be a certain level to make a profit.


Gee...you are willing to admit that if the price is low, companies can lose their shirts and go bankrupt? What an amazing concept!! Sounds like they are taking all the risk, and still coughing up cash every time they sell a barrel or mcf, and pay the mineral rights owners. Talk about honest companies doing what's right by the mineral rights owners.
What does a science denier look like?

Armageddon » Thu 09 Feb 2006, 10:47:28
whales are a perfect example as to why evolution is wrong. Nothing can evolve into something that enormous. There is no explanation for it getting that big. end of discussion
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Re: General Fossil Fuels Production News AND discussion

Unread postby C8 » Thu 11 Aug 2022, 00:13:10

World’s Largest LNG Traders See Losses Mount Despite High Prices
By Tsvetana Paraskova - Aug 10, 2022, 6:00 PM CDT
Supply disruptions are weighing on some of the world’s largest LNG traders.
Majors have faced hundreds of millions of dollars in losses in recent months due to a string of production outages.
The majors acknowledged in their earnings calls that there was an impact on gas marketing and trading divisions, without providing any numbers.


https://oilprice.com/Energy/Natural-Gas ... rices.html

It appears a major Brit port is down- somewhat surprising
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Re: General Fossil Fuels Production News AND discussion

Unread postby Doly » Thu 11 Aug 2022, 15:03:04

Putting the government in charge of something is an excellent way to make a process more expensive, less efficient, and requires a substantial expansion in bureacracy which means job security for them!!


It sure is a mystery to you why governments exist at all, if you think they are the way of making everything worse. Newsflash: governments are good at some things. Like, dealing with essential stuff that everybody needs.

Sounds like they are taking all the risk, and still coughing up cash every time they sell a barrel or mcf, and pay the mineral rights owners.


Precisely. The whole activity is too risky to leave it in private hands. They can't be expected to handle it well.
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Re: General Fossil Fuels Production News AND discussion

Unread postby AdamB » Thu 11 Aug 2022, 17:15:01

Doly wrote:
Putting the government in charge of something is an excellent way to make a process more expensive, less efficient, and requires a substantial expansion in bureacracy which means job security for them!!


It sure is a mystery to you why governments exist at all, if you think they are the way of making everything worse. Newsflash: governments are good at some things. Like, dealing with essential stuff that everybody needs.


i didn't say everything doly. i said more expensive, less efficient, and an expansion of burecracy. A governmenet can fight a war, even with the listed disadvantages. Government can do scale, albeit with the listed disadvantages. And a downside to government is that is unlikely yo ever shrink, and eats up a larger slice of the pie until, you know, it is the 800# gorilla wtihin the economy. The US has probably reached that point.

Doly wrote:
Sounds like they are taking all the risk, and still coughing up cash every time they sell a barrel or mcf, and pay the mineral rights owners.


Precisely. The whole activity is too risky to leave it in private hands. They can't be expected to handle it well.


The whole activity is too complex for government pukes to do efficiently, consumers want their market priced barrels, not what OPEC would LIKE for consumers to pay. This comment is specific to market strategies among the players, government, NOC, private and publics, whatever. And the US industry handled demonstating that Happy McPeaksters, including those within the government pay like Hubbert, didn't know a damn thing about future oil production, but industry folks weren't so easily misled.
What does a science denier look like?

Armageddon » Thu 09 Feb 2006, 10:47:28
whales are a perfect example as to why evolution is wrong. Nothing can evolve into something that enormous. There is no explanation for it getting that big. end of discussion
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Re: General Fossil Fuels Production News AND discussion

Unread postby Tanada » Thu 11 Aug 2022, 21:29:48

AdamB wrote:
Doly wrote:
Putting the government in charge of something is an excellent way to make a process more expensive, less efficient, and requires a substantial expansion in bureacracy which means job security for them!!


It sure is a mystery to you why governments exist at all, if you think they are the way of making everything worse. Newsflash: governments are good at some things. Like, dealing with essential stuff that everybody needs.


i didn't say everything doly. i said more expensive, less efficient, and an expansion of burecracy. A governmenet can fight a war, even with the listed disadvantages. Government can do scale, albeit with the listed disadvantages. And a downside to government is that is unlikely yo ever shrink, and eats up a larger slice of the pie until, you know, it is the 800# gorilla wtihin the economy. The US has probably reached that point.


IIRC the US Government now employs more people than the next two largest employers in the USA.

Just looked it up, in 2021 in the USA government on all levels employed 18,830,000 persons.
The top ten USA corporations combined are just over half that many employees. Am I alone in thinking something is very wrong with that reality?

By sector manufacturing is just under 12,000,000.
Mining sector is 800,000. Construction industry 5,400,000. Retail workers 14,800,000. Education 3,300,000. Healthcare 14,400,000. Food and alcohol workers 9,800,000.

Saying government bureaucracy is bloated seems anti climactic after viewing these numbers.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: General Fossil Fuels Production News AND discussion

Unread postby AdamB » Thu 11 Aug 2022, 23:28:15

Tanada wrote:
AdamB wrote: And a downside to government is that is unlikely yo ever shrink, and eats up a larger slice of the pie until, you know, it is the 800# gorilla wtihin the economy. The US has probably reached that point.


IIRC the US Government now employs more people than the next two largest employers in the USA.

Just looked it up, in 2021 in the USA government on all levels employed 18,830,000 persons.
The top ten USA corporations combined are just over half that many employees. Am I alone in thinking something is very wrong with that reality?


Socialism by other means? The government just has all the jobs, funds itself by theiving from the hard working non-government businesses, co-ops them by feeding out contracts to feed the government beast, how much of the non-government entities have government funding flowing to them to supply the government? Military stuff for sure. Undoubtedly all sorts of other stuff as well.

Just buying liquid fuels for the military from the O&G indsutry is some YUGE subsidy for remaining private industry.
What does a science denier look like?

Armageddon » Thu 09 Feb 2006, 10:47:28
whales are a perfect example as to why evolution is wrong. Nothing can evolve into something that enormous. There is no explanation for it getting that big. end of discussion
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Re: General Fossil Fuels Production News AND discussion

Unread postby Doly » Sat 13 Aug 2022, 14:26:00

The government just has all the jobs, funds itself by theiving from the hard working non-government businesses


Those "hard working" private businesses are required to provide for no other but their own survival. So they can't be working all that hard. They are working the bare minimum to survive, and any profits are for them to use exactly as they see fit.

The government, on the other hand, is supposed to provide for everyone in the country, somehow. They have to get their money from somewhere. The obvious place is from the laziest and most selfish part of the economy, namely the private businesses that have to do nothing but the bare minimum for their own survival.
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Re: General Fossil Fuels Production News AND discussion

Unread postby AdamB » Sat 13 Aug 2022, 17:20:23

Doly wrote:
The government just has all the jobs, funds itself by theiving from the hard working non-government businesses


Those "hard working" private businesses are required to provide for no other but their own survival.


Not true. The instant those hard working private businesses make a thin nickel, they are required to cough up some of it to support the government. The government are the only ones allowed to be terribly wasteful and inefficient without penalty. The hard working business just goes bankrupt. The government just devalues the currency when it can't meet the same rules it inflicts upon private businesses.

Doly wrote:The government, on the other hand, is supposed to provide for everyone in the country, somehow. They have to get their money from somewhere. The obvious place is from the laziest and most selfish part of the economy, namely the private businesses that have to do nothing but the bare minimum for their own survival.


They might have the minimum for their own survival because they are required to cough up money to support the government. That isn't required to play by those rules, and won't allow the businesses to escape their own incompetence by doing what the government does....print more money whenever they want it.
What does a science denier look like?

Armageddon » Thu 09 Feb 2006, 10:47:28
whales are a perfect example as to why evolution is wrong. Nothing can evolve into something that enormous. There is no explanation for it getting that big. end of discussion
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Re: General Fossil Fuels Production News AND discussion

Unread postby C8 » Mon 15 Aug 2022, 17:30:03

Image
Coal Consumption Was On The Rise Even Before The Ukraine War
By Robert Rapier - Aug 15, 2022, 4:00 PM CDT

Coal consumption was beginning to fall consistently year to year, though that trend reversed in 2021.

The sharp rise in coal use was fueled largely by Non-OECD countries.

The coal industry in the U.S. has seen both supply and demand steadily declining for 15 years, though like much of the world, even the U.S. saw higher coal consumption in 2021.


https://oilprice.com/Energy/Coal/Coal-C ... e-War.html

Everything that can be burnt WILL be burnt- developing countries will take all the coal they can get and nobody can stop them. The Green Energy Push is just rearranging who burns the coal- not whether it will be burnt or not. The only limiting factor I can see is if coal production becomes so expensive it loses out to renewable energy and so far that is not the case.
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Re: General Fossil Fuels Production News AND discussion

Unread postby JuanP » Mon 15 Aug 2022, 18:11:46

C8 wrote:Everything that can be burnt WILL be burnt


Absolutely! We will burn everything we can, down to all the wood, grass, peat, trash, and cow dung in the world! And a lot of it will burn with nothing but pollution and environmental destruction to show for it. Think of gas flaring and forest fires!

What was it that Einstein said about human stupidity?
"We are on the right path" Joe Alzheimer, 2022
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