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Where are all the Peak Oil Theorists?
12-13-2014, 05:09 PM #1
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011
Remember 3-4 years ago everybody screaming Peak Oil, Peak Oil, Peak Oil...O.M.G. we're doomed...Now we have too much and oil taking a freefall.


From what I understand is BP aint going to make it. BP from what we know it will not be around this time next year. Should make many happy...
12-13-2014, 05:13 PM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,280 Threads:1,438 Joined:Feb 2011
wave.gif Hey Taco, been a while. Hope all's good. I never cried peak oil, it was the GOM I was blubbering over. It's kinda' home turf for me.

wonder.gif
12-13-2014, 05:20 PM #3
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
I never thought peak oil, just peak cheap oil. US is full on economic war against Russia and thinks they can be brought to obedience with energy prices but it's decimating the N American industry as well. Russia won't turtle.

Good to see you Taco!!
12-13-2014, 05:21 PM #4
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011
(12-13-2014, 05:13 PM)JayRodney Wrote:  wave.gif Hey Taco, been a while. Hope all's good. I never cried peak oil, it was the GOM I was blubbering over. It's kinda' home turf for me.

Yessir, that spill is the gift that keeps on giving..That oil will be down in those sub sea canyons for 100's of years if not for-ever in all practical purposes. Doubt BP will make it, here tell she coming apart not unlike their oil wells
12-13-2014, 05:28 PM #5
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011
(12-13-2014, 05:20 PM)Shadow Wrote:  I never thought peak oil, just peak cheap oil. US is full on economic war against Russia and thinks they can be brought to obedience with energy prices but it's decimating the N American industry as well. Russia won't turtle.

Good to see you Taco!!

Likewise Shadow. This is not economic war with Russia however they are going to get screwed caught up in it. This is nothing more than a game of chicken against Saudi and US. Saudi and a few others are hoping to flood market to drive down oil prices so many of domestic oil companies will go out of business or cancel projects (already happening) Then when their competition goes night night they cut back production and jack up the prices higher than a teenagers car insurance...

Did the same thing in the 80's. Hopefully OPEC doesn't have the power to pull it off again.

Venezuela hurting big time.
12-13-2014, 05:33 PM #6
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(12-13-2014, 05:28 PM)Tacolover II Wrote:  Likewise Shadow. This is not economic war with Russia however they are going to get screwed caught up in it. This is nothing more than a game of chicken against Saudi and US. Saudi and a few others are hoping to flood market to drive down oil prices so many of domestic oil companies will go out of business or cancel projects (already happening) Then when their competition goes night night they cut back production and jack up the prices higher than a teenagers car insurance...

Did the same thing in the 80's. Hopefully OPEC doesn't have the power to pull it off again.

Venezuela hurting big time.

iagree.gif You take it a step further. SA is getting what they want.
12-13-2014, 05:35 PM #7
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011
I am not so sure they have the power to pull it off again. This is the type of crap World Wars start over
12-13-2014, 06:01 PM #8
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
I did read at Zerohedge that more rigs shut down in the last month than since 2008.
12-13-2014, 06:15 PM #9
Tacolover II Member
Posts:427 Threads:59 Joined:Feb 2011
(12-13-2014, 06:01 PM)Shadow Wrote:  I did read at Zerohedge that more rigs shut down in the last month than since 2008.

Drilling Permits for November down 50% in the Great State of Texas. Most E&P's and service companies laying off personnel
12-14-2014, 01:02 AM #10
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
Gasoline in Vancouver is 99 ¢ a litre, haven't seen that since about 2004.
12-14-2014, 01:12 AM #11
Octo Mother Superior
Posts:42,607 Threads:1,469 Joined:Feb 2011
Cheapest gas anywhere in this country is still over €1.30 a liter. sad2.gif
12-14-2014, 02:15 AM #12
Kreeper Griobhtha
Posts:10,597 Threads:635 Joined:Feb 2011
(12-14-2014, 01:12 AM)Octo Wrote:  Cheapest gas anywhere in this country is still over €1.30 a liter. sad2.gif

That's because you buy it under the metric system. We buy it by the good ol' gallon and are paying around $2.59 a gallon.

chuckle.gif

I am not your rolling wheels, I am the highway
I am not your carpet ride I am the sky
I am not your blowing wind, I am the lightning
I am not your autumn moon, I am the night
The night
12-14-2014, 02:17 AM #13
Accidental Stoner Member
Posts:8,817 Threads:70 Joined:Feb 2011
My feet is my only carriage
And so
I've got to push on through...

doobie.gif



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