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re: Why do Dems hate the oil industry?
Posted on 10/17/20 at 10:26 pm to DavidTheGnome
Posted on 10/17/20 at 10:26 pm to DavidTheGnome
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...
1
Posted on 10/17/20 at 10:27 pm to DavidTheGnome
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.
Posted on 10/17/20 at 10:30 pm to Speckhunter2012
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.
Posted on 10/17/20 at 10:30 pm to Errerrerrwere
quote:
No. Peak oil was proven false.
Posted on 10/17/20 at 10:30 pm to cwill
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)
Environmental Regs can be good
Environmentalism can be bad (anti-capitalism)
Posted on 10/17/20 at 10:31 pm to Speckhunter2012
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.
Posted on 10/17/20 at 10:33 pm to DavidTheGnome
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.
Posted on 10/17/20 at 10:35 pm to Errerrerrwere
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?
Posted on 10/17/20 at 10:36 pm to Errerrerrwere
The abundance of energy strength gives american independence and that's the last thing these progressive thugs want for us.
Posted on 10/17/20 at 10:36 pm to Errerrerrwere
Dems hate everything including themselves. This is why Leftist destroy everything they touch. They are truly miserable people.
Posted on 10/17/20 at 10:37 pm to DavidTheGnome
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
We have no idea how much oil is left
So we can’t define the peak
Posted on 10/17/20 at 10:37 pm to NPComb
25% of TX electricity comes from wind and that figure is growing.
Posted on 10/17/20 at 10:38 pm to cwill
Right on
This is a good thing
This is a good thing
Posted on 10/17/20 at 10:38 pm to DavidTheGnome
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.
Posted on 10/17/20 at 10:38 pm to supatigah
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.
Posted on 10/17/20 at 10:39 pm to supatigah
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.
Posted on 10/17/20 at 10:39 pm to Colonel Flagg
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.
Posted on 10/17/20 at 10:40 pm to cwill
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
Posted on 10/17/20 at 10:41 pm to DavidTheGnome
quote:
Doesn’t mean it doesn’t exist though.
Of course it exists
Posted on 10/17/20 at 10:43 pm to Colonel Flagg
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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