oil peakers deader than dead as US production soars

[cheka.]

whatever happened to oildrum.com? lmao! fcking peaker shills

oil is the brightest of bright spots for america \uu\

https://www.energyglobal.com/downstream/special-reports/20072018/api-june-sees-record-oil-and-ngl-production-levels/

API has released its monthly statistical report for June 2018, which highlights that US production of crude oil and NGLs hit is highest level ever. In June, production of crude oil hit 10.7 million bpd and production of natural gas liquids hit 4.2 million bpd.

“Record production US crude oil and natural gas liquids last month highlighted the strength of our nation’s energy renaissance,” said API Chief Economist, Dean Foreman. “US oil production has supplied all of the growth in global oil demand so far this year and helped compensate for production losses in some OPEC nations. With continued increases in drilling activity, the US is poised for further production increases in natural gas and oil. Unfortunately, increasing tariffs on steel and other components that are vital to our industry’s infrastructure and operations have emerged as a key challenge. For the energy renaissance to continue, the US natural gas and oil industry critically needs policies that advance energy infrastructure around the country as well as the access of US energy to global markets.”

Highlights from the June 2018 statistical report include:

US petroleum demand year-to-date at its strongest since 2007.
Domestic refineries ran at their highest percent capacity utilisation rate in June (96.6%) since 2005.
Refinery throughput hit a new record of 18 million bpd.
With the record refinery throughput, US petroleum inventories held steady as an accumulation of refined product stocks more than offset the drawdown in crude oil stocks.
Solid economic and energy market fundamentals also underpinned the strongest US petroleum demand since 2007, at 20.6 million bpd.

[cheka.]

https://www.energyglobal.com/upstream/drilling-and-production/16072018/us-energy-dominance-continues-with-surge-in-drilled-natural-gas-wells/

US Energy dominance continues with surge in drilled natural gas wells

API has released its quarterly well completion report for the second quarter of 2018 showing a 265% increase in estimated exploratory gas well completions as compared to the second quarter of 2017.

“Today’s report shows the continued growth and strength of US energy production,” said API Chief Economist Dean Foreman. “Right now, the US production is supplying substantially all the growth in oil demand throughout the world. For this growth and dominance to continue, our energy infrastructure must keep pace with production especially in areas like the Permian Basin in Texas and the Bakken in North Dakota that have experienced major growth in natural gas and oil production. Promoting energy infrastructure is critical to ensuring that American consumers, workers and the environment can continue to benefit from increased US energy production that has contributed to our economy and increased our national security.”

API’s latest Quarterly Well Completion Report highlights that in the second quarter of 2018:

The US natural gas and oil industry year to date experienced a 52% increase in drilled footage and a 50% increase in well completions, compared with Q2 2017.
The Exploratory success rate in Q2 2018 was 64.3%.
Total estimated gas well completions increased 76% as compared to Q2 2017.

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 10.3 million US jobs and nearly 8% of the US economy. API’s nearly 620 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 45 million Americans.

[Cebu_4_2]

Meanwhile... www.gasbuddy.com

[keehah]

Highlights from the June 2018 statistical report include:

US petroleum demand year-to-date at its strongest since 2007.


The theoildrum.com stopped updating in 2013.
Perhaps they got tired of flogging 6 year old news.

[Cebu_4_2]

Kinda hits home...

[woodman]

"oil is the brightest of bright spots for america http://gold-silver.us/forum/images/smilies/300%20(206).gifoil is the brightest of bright spots for america http://gold-silver.us/forum/images/smilies/300%20(206).gif"

I don't claim to know shit, but I do know that the decline rates for shale oil is exceedingly steep once production starts. I also know that the production is highly dependent upon fracking which is doing irreparable damage to our ground water. Who knows what chemicals they are injecting into the earth? It's proprietary so they don't say. Gotta put that industrial waste somewhere. If our short lived energy independence is linked to shale then maybe we should be drilling the real stuff which they have obviously set aside for themselves. Gull Island?

[Cebu_4_2]

"oil is the brightest of bright spots for america http://gold-silver.us/forum/images/smilies/300%20(206).gifoil is the brightest of bright spots for america http://gold-silver.us/forum/images/smilies/300%20(206).gif"

I don't claim to know shit, but I do know that the decline rates for shale oil is exceedingly steep once production starts. I also know that the production is highly dependent upon fracking which is doing irreparable damage to our ground water. Who knows what chemicals they are injecting into the earth? It's proprietary so they don't say. Gotta put that industrial waste somewhere. If our short lived energy independence is linked to shale then maybe we should be drilling the real stuff which they have obviously set aside for themselves. Gull Island?

Just look at the gulf with thousands of rusting well caps degrading with the salt water.

[cheka.]

"oil is the brightest of bright spots for america http://gold-silver.us/forum/images/smilies/300%20(206).gifoil is the brightest of bright spots for america http://gold-silver.us/forum/images/smilies/300%20(206).gif"

I don't claim to know shit, but I do know that the decline rates for shale oil is exceedingly steep once production starts. I also know that the production is highly dependent upon fracking which is doing irreparable damage to our ground water. Who knows what chemicals they are injecting into the earth? It's proprietary so they don't say. Gotta put that industrial waste somewhere. If our short lived energy independence is linked to shale then maybe we should be drilling the real stuff which they have obviously set aside for themselves. Gull Island?

the crown/boe has an opinion

https://www.wsj.com/articles/bhp-billiton-selling-u-s-oil-and-gas-assets-for-10-8-billion-cash-1532645832

BP to Buy BHP Shale Assets for More Than $10 Billion

BP acquiring the bulk of BHP’s operations in some of the hottest shale acreage in the U.S.

================================================== ===============================

as for the groundwater pollution claims --- another fail (or corrupt?)

the epa, obomba's epa at that, did a study and concluded no groundwater pollution

[Neuro]

Seems like Obama was the greatest president ever for US oil...
https://upload.wikimedia.org/wikipedia/commons/5/59/US_field_production_of_crude_oil.png

[cheka.]

Seems like Obama was the greatest president ever for US oil...


his era did remove the export ban

[Neuro]

his era did remove the export ban

No president ever exported as much oil as Obama...
https://upload.wikimedia.org/wikipedia/commons/c/c2/US_oil_exports.png

[cheka.]

No president ever exported as much oil as Obama...
https://

chump will beat it

[osoab]

whatever happened to oildrum.com? lmao! fcking peaker shills




They had good stuff during the Gulf Oil Spill. No BS.

[Neuro]

chump will beat it

Yeah probably, still isn’t it a bit odd, Obama had this profile of being anti-carbon emissions, but essentially he doubled US oil production during his presidency, meanwhile supposedly pro-big-oil presidents George HW 41 and George dubya 43 saw the biggest cuts in US production. The trend turns almost exactly around the time Obama comes into office...

[cheka.]

Yeah probably, still isn’t it a bit odd, Obama had this profile of being anti-carbon emissions, but essentially he doubled US oil production during his presidency, meanwhile supposedly pro-big-oil presidents George HW 41 and George dubya 43 saw the biggest cuts in US production. The trend turns almost exactly around the time Obama comes into office...

more details. the controllers decided to re-order the crude market. US in, VZ out, etc...

https://www.investors.com/news/oil-export-ban-lift-needs-obama-ok/

President Obama signed the 2016 spending bill Friday, including a provision that would allow the export of U.S. crude for the first time in more than 40 years.

The bill passed through Congress quickly, with politicians eager to start their holiday vacations, even though some Democrats were upset it included the provision to lift the crude export ban and didn't allow Puerto Rico to declare bankruptcy. But the legislation, which included a tax credit for wind and solar energy, included enough for Democrats to push it through.

[Horn]

Yeah probably, still isn’t it a bit odd, Obama had this profile of being anti-carbon emissions, but essentially he doubled US oil production during his presidency, meanwhile supposedly pro-big-oil presidents George HW 41 and George dubya 43 saw the biggest cuts in US production. The trend turns almost exactly around the time Obama comes into office...

U.N. and globalists are pro carbon taxation, hence the neccessity to provide it cheaply to parts of the globe as bait.

Why everyone wants an S.U.V. and not an economy vehicle, gasoline tax.

When available stockpiles deplete, tax percentages remain in place, 55mpg vehicles were available in the 80s when Carter objected. Japanese have regressed in mpg evolution ever since.

[woodman]

55mpg vehicles were available in the 80s when Carter objected. Japanese have regressed in mpg evolution ever since.
This true. We have been going backwards. I have a new Chevy PU and it is a piece of shit compared to my '08. Gets worse mileage and is a dog. No power unless you are pounding your foot into the floor. I had an old '77 Toyota Corolla beater (all rusted to hell, I called it a Toyola Corroder) that got 33 mpg and an '03 impala that got the same. Can't get anything to equal that these days that has any power at all.

[cheka.]

my gf in the 80's had a Honda crx -- it got around 50 mpg highway -- 44 mpg city

[Cebu_4_2]

http://www.jimstonefreelance.com/50plus.html

[Neuro]

U.N. and globalists are pro carbon taxation, hence the neccessity to provide it cheaply to parts of the globe as bait.

Why everyone wants an S.U.V. and not an economy vehicle, gasoline tax.

When available stockpiles deplete, tax percentages remain in place, 55mpg vehicles were available in the 80s when Carter objected. Japanese have regressed in mpg evolution ever since.

One thing different is that the current obsession with safety has made vehicles heavier on average, thus needing more horsepower to perform equally.

[Horn]

One thing different is that the current obsession with safety has made vehicles heavier on average, thus needing more horsepower to perform equally.

Yeah, some jew insurance plan was ultimately responsible for placing pricing and fees on everyone's mamalookabooboos! life too.

Everyone is so sure that a heavier moving object is always that much safer... for anyone struck by them.:rolleyes:

[woodman]

One thing different is that the current obsession with safety has made vehicles heavier on average, thus needing more horsepower to perform equally.
Construction sites are insane anymore. Safety, safety, safety. Hard hat, boots, high vis vest, glasses; even while bent over working in a gym. They will actually come unglued and kick you off the job if you don't have all these things. It is ok to drop bombs on innocent families in far away lands though. Glyphosate and flouride are approved also.

[monty]

"oil is the brightest of bright spots for america http://gold-silver.us/forum/images/smilies/300%20(206).gifoil is the brightest of bright spots for america http://gold-silver.us/forum/images/smilies/300%20(206).gif"

If our short lived energy independence is linked to shale then maybe we should be drilling the real stuff which they have obviously set aside for themselves. Gull Island?

During the “gasoline shortage” of the early ‘70s I heard rumors the gov’t forced many oil wells in Colorado to be shutdown and capped. I have never been able to verify if that was true.

[monty]

my gf in the 80's had a Honda crx -- it got around 50 mpg highway -- 44 mpg city

I have a 2014 BMW 328d xDrive diesel that gets 45 - 46 mpg. On the last fillup a little over 600 miles on 14.? gallons, the average was 42.66 mpg. It actually beats the EPA numbers. It is fairly snappy for a 2.0 liter (120 cid) engine.

https://s19.postimg.cc/l2ckt591v/5_FAB7_A6_A-7_AB9-429_E-9258-6_A8_B549_E24_C8.jpg

Specifications

VEHICLE TYPE: front-engine, 4-wheel-drive, 5-passenger, 4-door sedan

PRICE AS TESTED: $48,525 (base price: $41,525)

ENGINE TYPE: turbocharged and intercooled DOHC 16-valve diesel inline-4, aluminum block and head, direct fuel injection

DISPLACEMENT: 122 cu in, 1995 cc
POWER: 181 hp @ 4000 rpm
TORQUE: 280 lb-ft @ 1750 rpm

TRANSMISSION: 8-speed automatic with manual shifting mode

DIMENSIONS:
WHEELBASE: 110.6 in
LENGTH: 182.2 in
WIDTH: 71.3 in HEIGHT: 56.5 in
CURB WEIGHT: 3660 lb

C/D TEST RESULTS:
Zero to 60 mph: 7.2 sec
Zero to 100 mph: 21.2 sec
Zero to 120 mph: 35.7 sec
Rolling start, 5-60 mph: 8.0 sec
Top gear, 30-50 mph: 3.7 sec
Top gear, 50-70 mph: 5.1 sec
Standing ¼-mile: 15.5 sec @ 88 mph
Top speed (drag limited): 136 mph
Braking, 70-0 mph: 158 ft
Roadholding, 300-ft-dia skidpad: 0.88 g
FUEL ECONOMY:
EPA city/highway driving: 31/43 mpg
C/D observed: 35 mpg

[Neuro]

I have a 2014 BMW 328d xDrive diesel that gets 45 - 46 mpg. On the last fillup a little over 600 miles on 14.? gallons, the average was 42.66 mpg. It actually beats the EPA numbers. It is fairly snappy for a 2.0 liter (120 cid) engine.

https://s19.postimg.cc/l2ckt591v/5_FAB7_A6_A-7_AB9-429_E-9258-6_A8_B549_E24_C8.jpg

Specifications

VEHICLE TYPE: front-engine, 4-wheel-drive, 5-passenger, 4-door sedan

PRICE AS TESTED: $48,525 (base price: $41,525)

ENGINE TYPE: turbocharged and intercooled DOHC 16-valve diesel inline-4, aluminum block and head, direct fuel injection

DISPLACEMENT: 122 cu in, 1995 cc
POWER: 181 hp @ 4000 rpm
TORQUE: 280 lb-ft @ 1750 rpm

TRANSMISSION: 8-speed automatic with manual shifting mode

DIMENSIONS:
WHEELBASE: 110.6 in
LENGTH: 182.2 in
WIDTH: 71.3 in HEIGHT: 56.5 in
CURB WEIGHT: 3660 lb

C/D TEST RESULTS:
Zero to 60 mph: 7.2 sec
Zero to 100 mph: 21.2 sec
Zero to 120 mph: 35.7 sec
Rolling start, 5-60 mph: 8.0 sec
Top gear, 30-50 mph: 3.7 sec
Top gear, 50-70 mph: 5.1 sec
Standing ¼-mile: 15.5 sec @ 88 mph
Top speed (drag limited): 136 mph
Braking, 70-0 mph: 158 ft
Roadholding, 300-ft-dia skidpad: 0.88 g
FUEL ECONOMY:
EPA city/highway driving: 31/43 mpg
C/D observed: 35 mpg

Diesels are very good, very good torque at low rpm’s which mean you have the horsepower’s where they matter most. Further because less heat is generated you’ll have about 30% less fuel consumption, only draw back is that it takes longer to get a warm car in the winter. I have a Jaguar x-type 2.4 liter diesel engine, 2007 model 155 HP, it has similar fuel economy to yours...

[Horn]

Idk, for all the subsidy/bailouts cheap labor and bank payments car manufacturers receive,

I'd think there'd be some super efficient quality available at a reasonable price, everything I see looks disposable within 5 years at most.

Buddy here purchased a 4 year old Renault to do Uber taxi for extra dough, thing was run into the ground after 3 months, needed clutch and new suspension.

Many autos appear made to just look nice while sitting in traffic or only go to the grocery store and back.

[Dogman]

Idk, for all the subsidy/bailouts cheap labor and bank payments car manufacturers receive,

I'd think there'd be some super efficient quality available at a reasonable price, everything I see looks disposable within 5 years at most.

Buddy here purchased a 4 year old Renault to do Uber taxi for extra dough, thing was run into the ground after 3 months, needed clutch and new suspension.

Many autos appear made to just look nice while sitting in traffic or only go to the grocery store and back. Truth, but physics does come to play, Btu energy available, into real work...Friction is huge, and an energy sapper. Heat is always part of combustion, = search for the most efficient way to = usable power, Long stroke = torque, short stroke = power, the question is how to get max torque which actually does the work, there is a relationship of torque vs horsepower, Thing about torque is size of the source vs weight, = more torque heaver engine.

Still remember when an engine could deliver 2 hp per cubic inch, high revving but low on over all torque, gearing comes to mind, but then the weight of that gearing along with the bulk,

Friction is an enemy along with waste heat, because the search of compleat combustion is still ongoing with out loss to heat generated along with fiction in the over all engine + drive train, forget loss in tire friction where rubber meets the road, then it comes to air friction...

lmfao..

Yes I agree sum things are repressed big energy hate anything the challenges what they do and their power.

Friction+waste heat are the open question, ceramic engines hold hope, because they can run at higher temps than metal,

Open question , but nothing = solved yet.

Higher temp more compleat total combustion

Heat recovery to power,

lost heat is wasted for power production in so many ways.
List goes on..

Dam near forgot!

Centrifugal the faster things rev, which can be an answer for torque, is the materials the engine is made of, = fatigue, bearings,connecting rods, rotors and such, dam near anything moving at higher revs more stress introduced = shorter material lifetime. If it spins or reciprocates there will be an rpm it will fly apart sooner or or later.

;D

[Horn]

Yes, Dogman and all those were much better mixed in 1996.

I agree mostly with Woodman's post here, autos nowaday are dogs for the most part,

I think they're rigid smooth for approximately 10 months after assembly, then turn into bubblegum. (maybe it is the safety /crumple zone impact design)

Granted I'm not privy to Lexus or jaguar, but cant imagine they'd be anymore advanced since then.

[Dogman]

Yes, Dogman and all those were much better mixed in 1996.

I agree mostly with Woodman's post here, autos nowaday are dogs for the most part,

I think they're rigid smooth for approximately 10 months after assembly, then turn into bubblegum. (maybe it is the safety /crumple zone impact design)

Granted I'm not privy to Lexus or jaguar, but cant imagine they'd be anymore advanced since then. Depends on the build and material used. Sum are still produced for longest overall comfort, but most now are produced with a limited lifetime, maybe not the overall drive train, but for dam sure the cockpit, and sensors overall.

Seems between 10 or so years thing or even earlier, things start falling apart, or cracking due to the plastic used now.

Which is why replacement parts are a booming business.

9902


Never ever forget the electronics ..

;D

Later friend, time for a snack and nap, seem to do a bunch of that these days.... (days of solid sleep are just history)

[Horn]

Fuggin drivetrain's are so advanced they've looped all the way back in evolution to being a fungus/mushroom.

I did drive an early 2000 model Jaguar once and also a 90's Lexus,

The jaguar was closing in on being a mushroom at that time (if the accelerator were pressed at any length "the lion under the hood" became like a circus tiger, while the 90's Lexus model was tight and smooth like a glass rocket.

Unfortunately, with either once anything went amiss there was no getting it back to its original or better running condition,

They were like owning a Rolex that does not keep time.

[cheka.]

another bullet in the peaker corpse -- natgas production record

https://seekingalpha.com/article/4199186-lower-48-natural-gas-production-hits-time-high-bearish-pressure-building

Lower 48 Natural Gas Production Hits All-Time High - Bearish Pressure Building

Aug. 14, 2018 8:28 PM ET

================================================== ==============

still more...

https://oilprice.com/Energy/Crude-Oil/Gulf-Coast-Refineries-Process-Record-Volume-Of-Crude.html

Gulf Coast Refineries Process Record Volume Of Crude

By Irina Slav - Aug 16, 2018, 9:30 AM CDT

Gulf Coast refineries processed a record-high amount of crude oil last week, at 9.649 million barrels daily, the Energy Information Administration said in its weekly petroleum status report. The national total was also very high, at 17.981 million bpd.

This summer has been very productive for U.S. refineries. The average capacity utilization rate at Gulf Coast refineries also hit a record, at 99.7 percent last week. What’s more, the four-week average crude oil throughput for all U.S. refineries passed the 18-million-bpd mark for the first time in history.

The data reflects strengthening demand for oil products both domestically and internationally, with an emphasis on gasoline and distillate, the EIA said, with domestic gasoline demand hitting an all-time high in early June and remaining robust through the next two months.

Exports of gasoline are also on the rise, with the figure for the second week of August at a daily average of 935,000 bpd, versus 670,000 bpd a year ago.

This year is seen as the second in a row when refineries will book record-high activity, which reflects the strengthening of the U.S. economy, with this driving season making a good case in point. There’s been a lot of driving this summer season, and that’s despite rising prices at the pump. These gained 31 percent between May 2017 and May 2018, but driving increased nevertheless, and it increased further during the summer months.

The increase in driving, according to a CNN report, was directly linked with the increase in refining activity in the past few months, which kept the supply of fuels robust and put a lid on prices at the pump. And refineries are refining more because their profit margin on gasoline, the most popular fuel, has improved substantially over the past 12 months. Margins on diesel have also risen, adding more incentive for refiners to go at full throttle and break records.

[Cebu_4_2]

Meanwhile gas and NG are almost all time highs for the working folks.

[Dogman]

Still say one thang l sumthing (dam tablet)
is going on , not seen yet?

Metal's took an dump, still not recovered, etc, etc. !

?

[cheka.]

Meanwhile gas and NG are almost all time highs for the working folks.

not even close. are you newbie?

[Dogman]

not even close. are you newbie?

LMFAO! thanks

[Cebu_4_2]

http://charts.gasbuddy.com/ch.gaschart?Country=USA&Crude=f&Period=18&Areas=USA+Average%2c%2c&Unit=US+%24%2fG

[Horn]

Yeah, unfortunately domestic oil is still subject to taxes/tariff.

[keehah]

Yeah, unfortunately domestic oil is still subject to taxes/tariff.
And in some areas feminist leadership.

April 2018 Global News (https://globalnews.ca/news/4175889/vancouver-reaches-highest-gas-prices-in-north-american-history-expected-to-keep-rising-analyst/)

Shock at the pump for some Metro Vancouver drivers, as gas prices broke an all-time record Sunday.
“The 1.619 represents the single largest price point ever paid at any gas station, or any regional gas station across North America in the history of fuel.”
Jan 2018 CBC News (https://www.cbc.ca/news/business/wti-wcs-gmp-dwarkin-rseg-oil-1.4491527)

North American oil prices are marching toward $65 US a barrel this month, giving the industry a boost after the market collapsed three years ago. The oil sector hasn't seen these prices since late 2014, but most companies in Alberta are receiving significantly less, just above $40 US a barrel.
The Alberta oilpatch continues to increase oil production, but as pipelines fill up, companies are receiving less money for their oil compared to the rest of the continent.

To be fair, one should not forget about the puppet neocons:

after the market collapsed three years ago
Forbes 2015: An Russian Crisis with no End in Sight Thanks To Low Oil Prices and Sanctions (https://www.forbes.com/sites/paulroderickgregory/2015/05/14/a-russian-crisis-with-no-end-in-sight-thanks-to-low-oil-prices-and-sanctions/)

570News 2015: Harper battles back as opposition leaders attack in first televised debate (https://www.570news.com/2015/08/07/harper-battles-back-as-opposition-leaders-attack-in-first-televised-debate/)

“The objective in all of these things is to make sure we do maximum damage to Vladimir Putin and to the Russian economy while trying to minimize damages to our own,” Harper said.

[cheka.]

http://charts.gasbuddy.com/ch.gaschart?Country=USA&Crude=f&Period=18&Areas=USA+Average%2c%2c&Unit=US+%24%2fG

short term chart that leaves out the highs?

[Neuro]

short term chart that leaves out the highs?

A bit like the hockey shtick charts of earth temperature, that starts after the medieval warm period. Gas prices were higher 7-8 years ago...

[Cebu_4_2]

A bit like the hockey shtick charts of earth temperature, that starts after the medieval warm period. Gas prices were higher 7-8 years ago...

Yes and it did suck then, brought most the US to a standstill. I have (used to anyway) videos of me traveling a few miles and all buildings within view were for rent or lease and for sale signs everywhere. Great areas for business to grow. Hundreds of my customers closed down, even ones that had been in business for a long, long time. Total devastation man. That's why I mentioned all time highs because if this shit keeps going it will happen again.

11 year chart:

http://charts.gasbuddy.com/ch.gaschart?Country=Canada&Crude=f&Period=132&Areas=USA%20Average,,&Unit=US%20$/G

Besides it's bullshit that now that the US is out producing itself fuel keeps rising.

Was talking with a friend in Saudi a few years back and he was saying fuel was almost free, even electricity. You go get married and the .gov gives you a house, get more shit when having a kid... Socialism at it's finest but the thing is you have to work or it all disappears.

[Horn]

if this shit keeps going it will happen again.


The oil monopoly supporting FED Repoed Citigo/Venezuela so that the price per gallon should relieve itself ontop of a few thousand Venezuelan and Russian skulls.


https://www.youtube.com/watch?v=-da5nLjfm2w&t=5s

[cheka.]

new mexico joins the party

http://www.santafenewmexican.com/news/local_news/oil-boom-means-extra-billion-for-new-mexico/article_968c3995-21f4-5818-89d6-be7f37aa881f.html

Oil boom means extra $1.2 billion for New Mexico

[cheka.]

https://energi.news/wp-content/uploads/2018/01/EIA-natural-gas-2017-17jan18.png

[Neuro]

Yes and it did suck then, brought most the US to a standstill. I have (used to anyway) videos of me traveling a few miles and all buildings within view were for rent or lease and for sale signs everywhere. Great areas for business to grow. Hundreds of my customers closed down, even ones that had been in business for a long, long time. Total devastation man. That's why I mentioned all time highs because if this shit keeps going it will happen again.

11 year chart:

http://charts.gasbuddy.com/ch.gaschart?Country=Canada&Crude=f&Period=132&Areas=USA%20Average,,&Unit=US%20$/G

Besides it's bullshit that now that the US is out producing itself fuel keeps rising.

Was talking with a friend in Saudi a few years back and he was saying fuel was almost free, even electricity. You go get married and the .gov gives you a house, get more shit when having a kid... Socialism at it's finest but the thing is you have to work or it all disappears.

The bombing of Iran will restore fuel prices to its former glory and more. Ze goyim will starve again!

[woodman]

Evhttps://www.zerohedge.com/news/2018-09-04/coming-collapse-us-shale-oil-production

From the article:

"even though the U.S. hasn't peaked yet in total shale oil production, we have surpassed the halfway mark in total shale oil reserves. If the shale oil industry can add more economical reserves, then the peak could be delayed a bit. However, if the oil price crashes and remains low during a deflationary recession-depression, then the peak and decline of U.S. shale oil production will likely be even more severe."

"The tell-tale signs are all around for everyone to see. However, Americans will still be shocked when U.S. shale oil production collapses 75% by 2025. The collapse of U.S. shale oil production will have a profound impact on the American way of life."

I guess we will just have to wait and see.

[Cebu_4_2]

Oil price will never crash to zero.

[cheka.]

Evhttps://www.zerohedge.com/news/2018-09-04/coming-collapse-us-shale-oil-production

From the article:

"even though the U.S. hasn't peaked yet in total shale oil production, we have surpassed the halfway mark in total shale oil reserves. If the shale oil industry can add more economical reserves, then the peak could be delayed a bit. However, if the oil price crashes and remains low during a deflationary recession-depression, then the peak and decline of U.S. shale oil production will likely be even more severe."

"The tell-tale signs are all around for everyone to see. However, Americans will still be shocked when U.S. shale oil production collapses 75% by 2025. The collapse of U.S. shale oil production will have a profound impact on the American way of life."

I guess we will just have to wait and see.

there are many areas that are production suppressed. that's part of the game.

as the income tax is to the fed money machine, the suppression is to the production

[Horn]

there are many areas that are production suppressed. that's part of the game.

as the income tax is to the fed money machine, the suppression is to the production

Has any reporting of fossil fuel reserves ever been accurate?

[keehah]

MoscowTimes (https://themoscowtimes.com/news/russia-only-3-years-away-peak-oil-energy-minister-warns-62926) Sept19, 2018 Russia is Only 3 Years Away From Peak Oil, Energy Minister Warns

“We expect about 553 million [metric] tons of oil production in 2018. We will reach a peak of 570 million tons in 2021,” Interfax quoted (https://www.interfax.ru/business/629677) Energy Minister Alexander Novak as saying Tuesday.

Almost half of current capacity could be lost in less than two decades, Novak said, with levels expected to drop to 310 million tons by 2035. Current reserves stood at 29.7 billion metric tons of oil as of early 2017, he estimated.

Without stimulating oil production, the minister warned the budget risks losing 3.3 trillion rubles ($46.2 billion) in taxes and 1.3 trillion rubles ($19.4 billion) in investments beginning in 2022.

“This is the inevitable result of increased production costs and excessively high taxes in West Siberian oil fields,” Novak said.

[Jewboo]

https://www.youtube.com/watch?v=1JkH3emsFwI


This thread demonstrates just how "deader than dead" GSUS and GIM2 really are now in 2018.

Watch this video of our old GIM1 mindset back in the day.

No wonder maybe just ten members even post here anymore.

:rolleyes:













https://i.imgur.com/lyBbz1U.jpg

[Horn]

Fuck you and the Bitcoin you rode in on.

[Jewboo]

Fuck you and the Bitcoin you rode in on.



Thread topic is Peak Oil.

:rolleyes:

[cheka.]

they herded everybody to exactly the wrong conspiracy.

the true conspiracy is the abundance of oil plus nyc.opec suppressing/expanding production while manipulating pricing alongside. bonus, it's used to make/break oil production dependent countries

true scarcity doesn't need a cartel to create artificial scarcity -- nyc.opec is backed by f-16's and marines. ask saddam about busting his prescribed quota

[woodman]

they herded everybody to exactly the wrong conspiracy.

the true conspiracy is the abundance of oil plus nyc.opec suppressing/expanding production while manipulating pricing alongside. bonus, it's used to make/break oil production dependent countries

true scarcity doesn't need a cartel to create artificial scarcity -- nyc.opec is backed by f-16's and marines. ask saddam about busting his prescribed quota

I really have not made up my mind on the peak oil thing. I used to regard it as fact but now am not sure. You are certainly right, that they are creating artificial scarcity. This does not mean that oil supply is not finite and nearing a possible peak though. One thing that I can't figure out, if we are sitting on oceans of oil then why are we going after shale oil in such a big way? We are forever poisoning the aquafiers with chemicals and radioactive wastes that are used in fracking. It does not make sense at all. Maybe they are pursuing the shale oil in order to get rid of industrial wastes that they could not get rid of in any other legal and cost effective way. They won't divulge the chemicals in the fracking fluid (proprietary). It appears that the financing behind the shale oil 'boom' is a negative sum game or close to it, for the producers. So what is the game I wonder?

[Jewboo]

I really have not made up my mind on the peak oil thing. I used to regard it as fact but now am not sure. You are certainly right, that they are creating artificial scarcity. This does not mean that oil supply is not finite and nearing a possible peak though. One thing that I can't figure out, if we are sitting on oceans of oil then why are we going after shale oil in such a big way? We are forever poisoning the aquafiers with chemicals and radioactive wastes that are used in fracking. It does not make sense at all. Maybe they are pursuing the shale oil in order to get rid of industrial wastes that they could not get rid of in any other legal and cost effective way. They won't divulge the chemicals in the fracking fluid (proprietary). It appears that the financing behind the shale oil 'boom' is a negative sum game or close to it, for the producers. So what is the game I wonder?

https://media.cntraveler.com/photos/571a85cea1d0c8fd663d2321/4:3/w_480,c_limit/GettyImages-471990912-mano-del-desierto.jpg https://c1.staticflickr.com/1/22/34830558_930fffa17c_z.jpg?zz=1

Artist created this hand sculpture in the middle of the Atacama Desert in Chile. It is continuously targeted by graffiti, so the government of Chile cleans it monthly:

https://www.overlandingfamily.com/wp-content/uploads/2014/08/image25.jpg

Destroying our Earth is their game not only profit but for fun.

:(??

[Horn]

Monopoly, get all the wanna be capitalist bonehead oilmen in Texas to vest in infrastructure to thin profit shale, then sink a barrel to $25 sitback and collect the indefault estate.

[cheka.]

I really have not made up my mind on the peak oil thing. I used to regard it as fact but now am not sure. You are certainly right, that they are creating artificial scarcity. This does not mean that oil supply is not finite and nearing a possible peak though. One thing that I can't figure out, if we are sitting on oceans of oil then why are we going after shale oil in such a big way? We are forever poisoning the aquafiers with chemicals and radioactive wastes that are used in fracking. It does not make sense at all. Maybe they are pursuing the shale oil in order to get rid of industrial wastes that they could not get rid of in any other legal and cost effective way. They won't divulge the chemicals in the fracking fluid (proprietary). It appears that the financing behind the shale oil 'boom' is a negative sum game or close to it, for the producers. So what is the game I wonder?

vast areas of the earth are off-limits to producing - by gov edict

nat gas, coal, and tar sands can be converted into 'oil' at their prices

they told us oil comes from dinosaurs. how many trillion dinos have we pumped out so far? how many million dinos per day?

how do dinos get miles below the earth's surface in the middle of the ocean? or miles down in Russia's frozen tundra? or the Alaska ice desert?

funny how US was brought online as Venezuela was knocked out. mexico is full of the stuff, but also fading

how does the price go from 50 to 150 to 30 in a short time frame?

many more....

[woodman]

vast areas of the earth are off-limits to producing - by gov edict

nat gas, coal, and tar sands can be converted into 'oil' at their prices

they told us oil comes from dinosaurs. how many trillion dinos have we pumped out so far? how many million dinos per day?

how do dinos get miles below the earth's surface in the middle of the ocean? or miles down in Russia's frozen tundra? or the Alaska ice desert?

funny how US was brought online as Venezuela was knocked out. mexico is full of the stuff, but also fading

how does the price go from 50 to 150 to 30 in a short time frame?

many more....
Yes, it is all artifice. The dinosaur thing is a misnomer. Eons of biolotic waste of various sorts is what they claim. I don't believe it. I don't believe anything they say unless I can verify it and it makes sense. I have seen with my own eyes the detritus of bogs and swamps turning into peet. I can see how under pressure, given vast expanses of time, and pressure, perhaps coal seams can form. I have zero training as to how any of this can form fossil fuels as they call them. I do know that coal seams often contain fossils of enormous fern trees from ages past, still showing form but turned into coal. Are Mesozoic oceans and Silurian swamps responsible for the oceans of oil and gas or is the abiotic theory the more sensible? I don't think the amount of oil that we have tapped into can be from biologic sources. Perhaps some but certainly not the bulk of it. A great deal of it must be mineral in nature. Have traces of hydrocarbon been found in meteorites or would such burn off during descent?

[cheka.]

Yes, it is all artifice. The dinosaur thing is a misnomer. Eons of biolotic waste of various sorts is what they claim. I don't believe it. I don't believe anything they say unless I can verify it and it makes sense. I have seen with my own eyes the detritus of bogs and swamps turning into peet. I can see how under pressure, given vast expanses of time, and pressure, perhaps coal seams can form. I have zero training as to how any of this can form fossil fuels as they call them. I do know that coal seams often contain fossils of enormous fern trees from ages past, still showing form but turned into coal. Are Mesozoic oceans and Silurian swamps responsible for the oceans of oil and gas or is the abiotic theory the more sensible? I don't think the amount of oil that we have tapped into can be from biologic sources. Perhaps some but certainly not the bulk of it. A great deal of it must be mineral in nature. Have traces of hydrocarbon been found in meteorites or would such burn off during descent?

I was taught that misnomer in their gov skoolz. was also taught that gravity comes from the earth spinning. their lies are many.

smell test is best. their lies require twisting of logic and ignorance of evidence.

[Neuro]

Yes, it is all artifice. The dinosaur thing is a misnomer. Eons of biolotic waste of various sorts is what they claim. I don't believe it. I don't believe anything they say unless I can verify it and it makes sense. I have seen with my own eyes the detritus of bogs and swamps turning into peet. I can see how under pressure, given vast expanses of time, and pressure, perhaps coal seams can form. I have zero training as to how any of this can form fossil fuels as they call them. I do know that coal seams often contain fossils of enormous fern trees from ages past, still showing form but turned into coal. Are Mesozoic oceans and Silurian swamps responsible for the oceans of oil and gas or is the abiotic theory the more sensible? I don't think the amount of oil that we have tapped into can be from biologic sources. Perhaps some but certainly not the bulk of it. A great deal of it must be mineral in nature. Have traces of hydrocarbon been found in meteorites or would such burn off during descent?
Well you have lakes of methane and ethane on Titan, it would be a stretch to argue these comes from fossilized biomass... The fact is that there is not much of evidence for the fossil fuel theory, bacteria can transform carbon based compounds into methane and ethane (natural gas), but it is not known how the longer hydrocarbon chains in oil could form. Doesn’t mean that it can’t happen of course. The abiotic process of making long hydrocarbon chains is well researched though, and it occurs in the proportions which oil is found in...

[woodman]

Well you have lakes of methane and ethane on Titan, it would be a stretch to argue these comes from fossilized biomass... The fact is that there is not much of evidence for the fossil fuel theory, bacteria can transform carbon based compounds into methane and ethane (natural gas), but it is not known how the longer hydrocarbon chains in oil could form. Doesn’t mean that it can’t happen of course. The abiotic process of making long hydrocarbon chains is well researched though, and it occurs in the proportions which oil is found in...
Very good points. I am not sure we can believe the assertions that lakes of frozen methane and ethane exist either . Fact is, we can’t believe 100% anything we can’t personally verify

[Horn]

http://www.petroleum.co.uk/chemistry-of-petroleum-formation

Why so much is in Arabia, Moses parted the ocean there.

Hollow Earth theory could also assume an increase in production by approximately 2x.