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Errerrerrwere
LSU Fan
Member since Aug 2015
29690 posts
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re: Why do Dems hate the oil industry?
quote:

Is that enough detail for you..?



No. Peak oil was proven false. And there are plays in the Delaware Basin that can be drilled for at least another 50 years.

So, go on...


Speckhunter2012
LSU Fan
Lake Charles
Member since Dec 2012
2419 posts

re: Why do Dems hate the oil industry?
quote:


Oil is a finite substance. It will eventually run out. Is that enough detail for y


Yet they keep finding more? Peak oil was supposed to be in the 80’s right? Damn, technology has changed and they keep finding billions more barrels of the stuff.
It’s not finite in the sense you are implying.


DavidTheGnome
Monroe
Member since Apr 2015
22824 posts
 Online 

re: Why do Dems hate the oil industry?
quote:

Yet they keep finding more? Peak oil was supposed to be in the 80’s right? Damn, technology has changed and they keep finding billions more barrels of the stuff.
It’s not finite in the sense you are implying.




It’s not being created to replenish what we extract in any meaningful timeframe, so yeah it’s definitely finite. Technology is extending the peak but there will come a time where the remainder is too difficult or expensive. Finding something more sustainable only makes sense but I get many in here have a vested interest in the industry so will certainly argue otherwise.


DavidTheGnome
Monroe
Member since Apr 2015
22824 posts
 Online 

re: Why do Dems hate the oil industry?
quote:

No. Peak oil was proven false.





supatigah
LA-Lafayette Fan
Sheriff of Banned Town
Member since Mar 2004
79633 posts
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re: Why do Dems hate the oil industry?
We import about 5mmbd from Canada and the rest of the shortfall is made up by Mexico, Russia, Saudi and Colombia

Environmental Regs can be good
Environmentalism can be bad (anti-capitalism)


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40
cwill
Member since Jan 2005
44989 posts
 Online 

re: Why do Dems hate the oil industry?
quote:

Yet they keep finding more? Peak oil was supposed to be in the 80’s right? Damn, technology has changed and they keep finding billions more barrels of the stuff.
It’s not finite in the sense you are implying.



But f&d costs get higher and the shale revolution has proven, so far, to be a a sub economic misadventure.


tiggerthetooth
Houston Astros Fan
Big Momma's House
Member since Oct 2010
45974 posts
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re: Why do Dems hate the oil industry?
quote:

Oil is a finite substance. It will eventually run out. Is that enough detail for you..?



I'm sorry, but are solar panels and wind turbines made out of salt water? The materials needed to make "renewable" energy are far from renewable.



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50
NPComb
USA Fan
Member since Jan 2019
9942 posts

re: Why do Dems hate the oil industry?
quote:

Why do Dems hate the oil industry?


It’s what kept those fat pudgy frickers air conditioned and heated for the last 150 years. Oh and btw where is all the benefits from that solar company Barry bankrolled to give us clean energy?


cajuncarguy
LSU Fan
On the road...Again!
Member since Jun 2013
2955 posts

re: Why do Dems hate the oil industry?
The abundance of energy strength gives american independence and that's the last thing these progressive thugs want for us.


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60
CDawson
Louisiana
Member since Dec 2017
8412 posts
 Online 

re: Why do Dems hate the oil industry?
Dems hate everything including themselves. This is why Leftist destroy everything they touch. They are truly miserable people.


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60
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supatigah
LA-Lafayette Fan
Sheriff of Banned Town
Member since Mar 2004
79633 posts
 Online 

re: Why do Dems hate the oil industry?
You can’t know the peak until you can quantify the end point

We have no idea how much oil is left

So we can’t define the peak


cwill
Member since Jan 2005
44989 posts
 Online 

re: Why do Dems hate the oil industry?
25% of TX electricity comes from wind and that figure is growing.


supatigah
LA-Lafayette Fan
Sheriff of Banned Town
Member since Mar 2004
79633 posts
 Online 

re: Why do Dems hate the oil industry?
Right on

This is a good thing


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04
Colonel Flagg
New Orleans Pelicans Fan
Baton Rouge
Member since Apr 2010
18767 posts
 Online 

re: Why do Dems hate the oil industry?
quote:

Finding something more sustainable only makes sense but I get many in here have a vested interest in the industry so will certainly argue otherwise.


Just let the market solve the problem. We will not have a energy change in one day where we are out of something. As prices rise then natural investment will flow into alternative technology. The idea that politicians need to subsidize alternative energy currently is silly with the current technology and resource supply in North American shale/unconventional plays.


DavidTheGnome
Monroe
Member since Apr 2015
22824 posts
 Online 

re: Why do Dems hate the oil industry?
quote:

You can’t know the peak until you can quantify the end point

We have no idea how much oil is left

So we can’t define the peak



Doesn’t mean it doesn’t exist though.


cwill
Member since Jan 2005
44989 posts
 Online 

re: Why do Dems hate the oil industry?
quote:

We have no idea how much oil is left


We have no idea how much is economically recoverable...the shale rev has largely been an exercise in uneconomic recovery of oil reserves.


DavidTheGnome
Monroe
Member since Apr 2015
22824 posts
 Online 

re: Why do Dems hate the oil industry?
quote:

Just let the market solve the problem.



Absolutely, unfortunately we don’t. The oil and gas industry is heavily subsidized which distorts the market.


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23
supatigah
LA-Lafayette Fan
Sheriff of Banned Town
Member since Mar 2004
79633 posts
 Online 

re: Why do Dems hate the oil industry?
quote:

But f&d costs get higher and the shale revolution has proven, so far, to be a a sub economic misadventure.


The natural gas industry has done pretty well


supatigah
LA-Lafayette Fan
Sheriff of Banned Town
Member since Mar 2004
79633 posts
 Online 

re: Why do Dems hate the oil industry?
quote:

Doesn’t mean it doesn’t exist though.


Of course it exists


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11
cwill
Member since Jan 2005
44989 posts
 Online 

re: Why do Dems hate the oil industry?
quote:

Just let the market solve the problem.


With O&G bankruptcies in the shale world skyrocketing, the market seems to be deciding.


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