ROCKMAN wrote:Not that it changes the inevitability of global PO but there's always more oil to develop. From:
https://www.rigzone.com/news/offshore_u ... 2-article/
"In its latest results update on Thursday, Premier Oil revealed that the Catcher development, located offshore UK, is expected to reach an output rate of 60,000 barrels of oil per day (bopd) ahead of plan.
What such reports make look foolish are claims that "there is no more oil left to find". Extremist statements on both sides of the issue does not advance public understanding.
ROCKMAN wrote:vt - Just a small short term peak never coming close to its all time high peak. Just momentary slow down on the way to the bottom. See chart...From https://oilprice.com/Energy/Crude-Oil/C ... -2019.html
"UK oil production peaked in 1999. The peak was probably pushed out a couple of years because of the major production interruptions following the Piper Alpha disaster. Production declined quickly until around 2011, then the high oil price allowed more brownfield and then greenfield developments that created a third local peak in 2016. Production is declining again this year but there are several large projects due that will create another peak in 2018 or 2019 (nearly equal to the 2016 one). After that terminal decline is likely. The chart below shows C&C production split according to the year of first production of the field."
ROCKMAN wrote:vt - Just a small short term peak never coming close to its all time high peak. Just momentary slow down on the way to the bottom. See chart...From https://oilprice.com/Energy/Crude-Oil/C ... -2019.html
"UK oil production peaked in 1999. The peak was probably pushed out a couple of years because of the major production interruptions following the Piper Alpha disaster. Production declined quickly until around 2011, then the high oil price allowed more brownfield and then greenfield developments that created a third local peak in 2016. Production is declining again this year but there are several large projects due that will create another peak in 2018 or 2019 (nearly equal to the 2016 one). After that terminal decline is likely. The chart below shows C&C production split according to the year of first production of the field."
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.
StarvingLion wrote:The Shale "Revolution" occurred when the US Dollar became worthless (2008). What a coincidence.
StarvingLion wrote:THE CURRENCY IS WORTHLESS
StarvingLion wrote:BP down over 3% today. It is falling like a rock. XOM has resumed its freefall. GE hitting the $13 mark, been dropping for the past 18 years. Adam says thats normal.
People, this is TOTAL COLLAPSE in action.
Outcast_Searcher wrote:StarvingLion wrote:BP down over 3% today. It is falling like a rock. XOM has resumed its freefall. GE hitting the $13 mark, been dropping for the past 18 years. Adam says thats normal.
And yet, I just looked, and the low quote for BP today was $38.66, or down barely over 2%. So now you're resorting to just flat out lying, or you can't do 3rd grade arithmetic?
Since when is cherry picking ONE stock like GE, indicitive of the global stock markets, or even the S&P 500 or similar broad based US index? (The S&P 500 has roughly doubled in the past 18 years, despite the down 00's decade into spring 2009).
Since when is cherry picking the action of a couple stocks for part of ONE trading day (when the stock markets are down) indicitive of ANYTHING?People, this is TOTAL COLLAPSE in action.
Congratulations, you are making the likes of shorty seem downright sane and credible, and that really takes some wild nonsense. This is clearly "total collapse" only in your personal delusions.
asg70 wrote:The last thing anyone should do if they want to improve peak oil credibility is give StarvingLion a venue to rant.
spike wrote:S lion I suggest you read the story about Chicken Little and the Acorns.
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