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Mid-Year ETP MAP Update

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

Re: Mid-Year ETP MAP Update

Unread postby onlooker » Tue 03 Dec 2019, 12:05:52

ETP hmm
After a decade of unprecedented growth and seemingly endless investments, the writing is now on the wall: the Great American Shale Boom is slowing down and this could have some grave consequences both the industry and the financial markets.


https://www.zerohedge.com/geopolitical/ ... shale-bust
"We are mortal beings doomed to die
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Re: Mid-Year ETP MAP Update

Unread postby asg70 » Tue 03 Dec 2019, 12:58:01

marmico wrote:The ETP Model is an EROI study


And a poor one at that, which has been pointed out countless times over the years.

--

BTW, I see Onlooker is back to his usual tricks of appealing to authority by only linking to permadoomers. Weak sauce.

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: Mid-Year ETP MAP Update

Unread postby AdamB » Tue 03 Dec 2019, 13:41:56

onlooker wrote:ETP hmm
After a decade of unprecedented growth and seemingly endless investments, the writing is now on the wall: the Great American Shale Boom is slowing down and this could have some grave consequences both the industry and the financial markets.


https://www.zerohedge.com/geopolitical/ ... shale-bust


According to the Happy McPeakster sources, it was never supposed to start. Then, it wasn't supposed to be a big deal. Then it peaked and declined and Happy McPeaksters wet themselves. Then it went from decline to growth. Again. And created Saudi America. So now growth is slowing down?

Well, peak oil demand is going to require less, so let's hear it for the US not creating a glut situation at exactly the right moment.
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

Unread postby Cog » Wed 04 Dec 2019, 02:06:02

I thought onlooker had met with misfortune but I see he is back to his usual doomerish self.
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Re: Mid-Year ETP MAP Update

Unread postby Yoshua » Wed 04 Dec 2019, 03:23:55

"Oil minister said Iraq and other countries would support more cuts by 400,000 barrels to 1.6 million barrels a day

“All countries should share and no country should take that [alone],” Mr. Ghadhban said. “It has been calculated that 1.2 [million barrels a day] has not been enough so there’s an additional cut required…and 1.6 was one of the alternatives discussed last year.”

The Saudi Arabia-led OPEC cartel is set to meet with a 10-nation coalition led by Russia on Dec. 5 and 6 in Vienna to debate to extend a pact to curb production by 1.2 million barrels a day beyond the agreed end of March 2020."

There are riots in Iraq.
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Re: Mid-Year ETP MAP Update

Unread postby Cog » Wed 04 Dec 2019, 07:31:45

If this OPEC oil cut comes through its great news for USA oil producers.
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Re: Mid-Year ETP MAP Update

Unread postby Outcast_Searcher » Wed 04 Dec 2019, 14:41:18

Yoshua wrote:"Oil minister said Iraq and other countries would support more cuts by 400,000 barrels to 1.6 million barrels a day

“All countries should share and no country should take that [alone],” Mr. Ghadhban said. “It has been calculated that 1.2 [million barrels a day] has not been enough so there’s an additional cut required…and 1.6 was one of the alternatives discussed last year.”

The Saudi Arabia-led OPEC cartel is set to meet with a 10-nation coalition led by Russia on Dec. 5 and 6 in Vienna to debate to extend a pact to curb production by 1.2 million barrels a day beyond the agreed end of March 2020."

There are riots in Iraq.

When Iraq, under heavy sanctions from the US, is like the whole world, PLEASE be sure and get back to us.

In the mean time, your hobby of pointing to one place in the world where there are currently riots, and pretending that foretells doom generally doesn't pass the laugh test now any more than it ever did. 8O
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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