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re: US running out of room to store oil; price collapse next?
Posted on 3/4/15 at 12:13 am to goatman1419
Posted on 3/4/15 at 12:13 am to goatman1419
quote:
There it is lose an argument find a grammar error. I'm out go read my links and have a nice day. Next time before you call people idiots make sure you're not one yourself.
Sorry, I'm not usually one to resort to grammar attacks, but I honestly couldn't even understand what you were trying to say.
1
Posted on 3/4/15 at 12:18 am to UpToPar
quote:
All I did was state that none of what you posted in your initial post was a fact. This shouldn't be this difficult to understand.
Well stop arguing and show me facts that say I'm wrong, because I've showed you facts that say I'm right from top notch sources.
And you say we have global warming but the last two decades when global warming has become main stream the earth's temperature hasn't risen a degree and in some studies it has actually dropped a degree. I just don't think a sane person can still believe that it's true. If the earth is not warming how can one think there is global man made warming? Does the earth go through cycles yes without a doubt and that's been proven through geological studies. To say though that putting wind turbines in the desert will reduce global warming is as ludicrous as saying my diesel truck is making it rise.
This post was edited on 3/4/15 at 12:20 am
Posted on 3/4/15 at 12:18 am to UpToPar
quote:
Sorry, I'm not usually one to resort to grammar attacks, but I honestly couldn't even understand what you were trying to say.
I'll give you that one. It's late lol
Posted on 3/4/15 at 12:27 am to goatman1419
quote:
Well stop arguing and show me facts that say I'm wrong, because I've showed you facts that say I'm right from top notch sources.
Dude, I'm not arguing that you are wrong, but national geographic is not a top notch source on the subject. Again, I AM NOT ARGUING THAT GLOBAL WARMING EXISTS OR DOES NOT EXIST.
quote:
And you say we have global warming but the last two decades when global warming has become main stream the earth's temperature hasn't risen a degree and in some studies it has actually dropped a degree. I just don't think a sane person can still believe that it's true. If the earth is not warming how can one think there is global man made warming? Does the earth go through cycles yes without a doubt and that's been proven through geological studies. To say though that putting wind turbines in the desert will reduce global warming is as ludicrous as saying my diesel truck is making it rise.
This just shows your lack of understanding of the other side of the argument. 20 years is not even a blip on the radar when you consider Earth's history. Not even close. Those that believe global warming is occurring believe that it is happening over a much much longer period of time. This is like looking at a daily downtrend in apple stock and claiming that it hasn't risen over the past 20 years, or isn't going to continue to rise in the future.
Posted on 3/4/15 at 12:57 am to goatman1419
Yep, the past few comments have confirmed what I originally thought, stupid as hell.
A person that let's his political beliefs get in the way of his common sense.
A person that let's his political beliefs get in the way of his common sense.
Posted on 3/4/15 at 3:55 am to Jim Rockford
Posted on 3/4/15 at 4:56 am to goatman1419
quote:
Well stop arguing and show me facts that say I'm wrong, because I've showed you facts that say I'm right from top notch sources. And you say we have global warming but the last two decades when global warming has become main stream the earth's temperature hasn't risen a degree and in some studies it has actually dropped a degree. I just don't think a sane person can still believe that it's true. If the earth is not warming how can one think there is global man made warming? Does the earth go through cycles yes without a doubt and that's been proven through geological studies. To say though that putting wind turbines in the desert will reduce global warming is as ludicrous as saying my diesel truck is making it rise.
SHUT THE frick UP! Jesus you would give a fricking Bufferin a headache.
Posted on 3/4/15 at 4:57 am to goatman1419
May you drown from melted glacial ice.
Posted on 3/4/15 at 5:10 am to Degas
I'll chime in on oil and let y'all keep talking about gluten.
Oil is cheap because the US military in the Middle East is making it cheap. We are providing false stability.
Oil is cheap because the US military in the Middle East is making it cheap. We are providing false stability.
Posted on 3/4/15 at 5:13 am to Sandy_Ash
Maybe we should deploy troops in the Midwest so that corn prices can drop.
Posted on 3/4/15 at 5:21 am to Sandy_Ash
quote:
. Oil is cheap because the US military in the Middle East is making it cheap. We are providing false stability.
Lawd.
Oil is cheap because the supply has outstripped the demand. It's not much more difficult than that.
We have a global fossil fuel economy and will continue for at the very least the rest of my lifetime.
Posted on 3/4/15 at 5:21 am to Napoleon
quote:
I doubt we ever run out.
you think the Earth replenishes hydrocarbon reserves? Do you even science, bro?Posted on 3/4/15 at 5:29 am to Degas
quote:
Maybe we should deploy troops in the Midwest so that corn prices can drop.
OPEC is a cartel that has artificially inflated prices for decades by throttling the supply of crude. Big bad evil "Big Oil" companies have sharply increased the supply through fracking which has lessened the cartel's ability to keep prices inflated. OPEC (specifically Saudi) is dumping oil on the market to drop prices more in an effort to stem the growth of US fracking. Saudi's end game is to make oil higher than it previously was by shutting down the US fracking infrastructure.
Posted on 3/4/15 at 6:14 am to The First Cut
Cushing is still at only about two-thirds capacity. Refinery workers are on strike, which has to be curtailing demand for crude. And there is a buttload of floating capacity that's about to free up as the contango ain't looking as good as it once did. Plus, I bet people have been busting arse to refurbish some old tankage that hasn't been used in a while.
Nah. I just don't see it. The question is whose agenda does it serve to say prices are about to crash?
Nah. I just don't see it. The question is whose agenda does it serve to say prices are about to crash?
Posted on 3/4/15 at 6:36 am to JudgeHolden
There is no agenda in "saying" something is going to crash. Economists are trying their best to predict the future conditions. They are NOT the tail that wags the dog as some think. There clearly is an agenda by Saudi. They want to stop the unprecedented growth seen during the last couple of years on this chart. They want the West to again be dependent on them.
Posted on 3/4/15 at 6:44 am to Henry Jones Jr
quote:
Weren't the tards saying about 35 years ago that we were running out of oil?
I think it was in the late '90s....something called "Peak Oil".
Posted on 3/4/15 at 6:45 am to The First Cut
Saudis haven't increased production, they just haven't decreased like they did in 09 to get prices back up
Posted on 3/4/15 at 6:53 am to Wtodd
quote:
Weren't the tards saying about 35 years ago that we were running out of oil?
And they were right in a way. The low fruit had been picked.
They did not forsee three-D seismic, advances in directional, lwd, or any other of a host of things that made it easier to find and produce oil.
They damn sure did not forsee exploiting shales with long-reach horizontals and staged hydraulic fracturing.
So we bet on the come, and technology paid off. Now the new risk is economic.
Who's going to put $500,000,000 behind the next shale play knowing that the Saudis can take them out at any moment?
How ya gonna replace the talent and infrastructure that just got laid off or is rusting in the yard as we wait this out?
There is lots of oil under the ground. Whether you can economically produce it in the future is a huge question. Me? I expect a huge oil shock in a few years. If you keep your cars for a while, by something really fuel efficient next go-round. It's gonna get ugly at the pump.
Posted on 3/4/15 at 6:56 am to JudgeHolden
I think we're on the verge of an efficiency and/or technology revolution that will eventually make the oil in the ground a lot less valuable than it is now. Maybe not in time to forestall the next oil shot, but almost surely the one after that.
Posted on 3/4/15 at 6:57 am to Jim Rockford
quote:
I think we're on the verge of an efficiency and/or technology revolution that will eventually make the oil in the ground a lot less valuable than it is now.
Do tell.
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