Remember that bullshit about "peak oil"

[OldJourno]

The U.S. Department of the Interior announced Thursday the Permian Basin’s Wolfcamp shale and Bone Spring formation spanning parts of West Texas and eastern New Mexico hold the largest potential oil and gas resources ever discovered. Federal surveyors note the Bone Spring plays could offer roughly seven times the amount of oil as the Bakken shale in North Dakota.
In a new assessment, the U.S. Geological Survey (USGS) estimated these untapped regions in the Delaware Basin of the Permian contained 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural gas liquids, more than two times larger than its 2016 assessment of the Wolfcamp shale play in the Permian’s Midland Basin.

 

[BotanyBoy]

Time to build a big block V8 then...

 

[Colonel Hogan]

How much do we supply to Japan? This might be a good time of year to consider not pissing them off again. Or any other cranky nation state that aspires to global hegemony. Cut them in and give them a minority interest if they otherwise behave.

 

[DMBFFF]

I don't know too much about this.

Here are the wp articles:
https://en.wikipedia.org/wiki/Price_of_oil
https://en.wikipedia.org/wiki/Peak_oil
https://en.wikipedia.org/wiki/2010s_oil_glut

Global warming: I'm concerned about; but not peak oil.

High prices means lower prices later.

Seems a lot of countries are still buying from Iran.

Trump seems to be getting somewhat impotent—but that can be a good thing.

 

[Super-Surprise]

http://pics.maturenudism.com/unusual-sex/tanlines/618215.jpg

 

[OldJourno]

http://pics.maturenudism.com/unusual-sex/tanlines/618215.jpg

Why am I quoting an empty space?

 

[phrodeau]

Best plan for combating climate change is to leave it in the ground.

 

[Que]

Maybe we will be able to release enough carbon to stave off the coming Ice Age.

 

[jaF0]

BBs don't care about the damage done to get to these 'resources'.

 

[Que]

BBs don't care about the damage done to get to these 'resources'.

What damage?

 

[Wat_Tyler]

Time to build a big block V8 then...

Allah damn right!!!!


https://c1.staticflickr.com/7/6122/5999779145_24113c5791_b.jpg​

 

[bellisarius]

What damage?

It's fragile sensibilities I reckon.

 

[jaF0]

What damage?

Ask Okies about all the fracking quakes.

Ask Alaskans about the lingering mess from the Exxon Valdez.

Ask Gulf coast residents about the lingering messes from the BP blowout and fire.

 

[someoneyouknow]

It's almost as if people made predictions based on the information they had at hand, and then, at some point in the future, the information changed.

The real bullshit is the lie we were told all this oil (and gas) would make the U.S. energy independent, yet here we are, still importing over half our oil from other countries while shipping out our "energy independence".

 

[bellisarius]

Some odds and ends about shale oil.

Production costs at the wellhead have dropped dramatically since 2014 and have now plateaued at ~$50/bbl. This is due to advances in technology and further price reductions are anticipated, although not quite as rapidly as the previous 4 years.

Wellhead costs are only the beginning. Because the shit is deep and has not percolated up through the strata it has not picked up the contaminants that shallow oil has consequently it's ridiculously easy to refine meaning that prices at the pump can be competitive.

Because of the ease of refining small localized refineries can be profitably built by independent operators putting competitive pressures on the big oil companies. Further the "no flare" laws that have been enacted will put pressure on the natural gas markets as well as the pipelines are built out.

Shale oil is environmentally friendly contrary to popularized opinion held by some. One wellhead may service as many as 20 or more 'feeder' wells significantly reducing the surface footprint. Rather than having the wellheads located damn near on top of each other the wellheads are very widely spaced significantly reducing the environmental impact.

 

[SpeareChucker]

It's almost as if people made predictions based on the information they had at hand, and then, at some point in the future, the information changed.

The real bullshit is the lie we were told all this oil (and gas) would make the U.S. energy independent, yet here we are, still importing over half our oil from other countries while shipping out our "energy independence".

Because oil and money are fungible commodities.

 

[SpeareChucker]

Thanks to tectonic plate activity, the earth is alway burying carbons and pressuring them into oil and gas; this includes such things as that evil, bad, nefarious CO2 that is absorbed by our oceans...

We have known this for years, but allowed political science and the myth of oil from dinosaurs (fossil fuels) to prevail so that the government could take more control over our lives and livelihood. Truth is, even back then, when all was lush and falling into swamps, the earth was busy creating oil. It's part of one of our planet's natural cycles.

 

[DMBFFF]

https://en.wikipedia.org/wiki/Shale_oil

The production of shale oil has been hindered because of technical difficulties and costs.[45] In March 2011, the United States Bureau of Land Management called into question proposals in the U.S. for commercial operations, stating that "There are no economically viable ways yet known to extract and process oil shale for commercial purposes."[46]

https://en.wikipedia.org/wiki/History_of_the_oil_shale_industry
https://en.wikipedia.org/wiki/History_of_the_oil_shale_industry_in_the_United_States

Because oil and money are fungible commodities.

https://en.wiktionary.org/wiki/fungible

fungible (comparative more fungible, superlative most fungible)

(finance and commerce) Able to be substituted for something of equal value or utility; interchangeable, exchangeable, replaceable.

What does it have to do with someoneyouknow's comments?

Thanks to tectonic plate activity, the earth is alway burying carbons and pressuring them into oil and gas; this includes such things as that evil, bad, nefarious CO2 that is absorbed by our oceans...

We have known this for years, but allowed political science and the myth of oil from dinosaurs (fossil fuels) to prevail so that the government could take more control over our lives and livelihood. Truth is, even back then, when all was lush and falling into swamps, the earth was busy creating oil. It's part of one of our planet's natural cycles.

Huh?

https://en.wikipedia.org/wiki/Petroleum

Formation

Petroleum is a fossil fuel derived from ancient fossilized organic materials, such as zooplankton and algae.[59][60] Vast amounts of these remains settled to sea or lake bottoms where they were covered in stagnant water (water with no dissolved oxygen) or sediments such as mud and silt faster than they could decompose aerobically. Approximately 1 m below this sediment or water oxygen concentration was low, below 0.1 mg/l, and anoxic conditions existed. Temperatures also remained constant.[60]

The word "dinosaur" doesn't appear anywhere in the article.

 

[jaF0]

It's still creating oil, but the big question is, are we using it faster than it's being created?

 

[SpeareChucker]

Here's what it has to do with it; it depends on what we are producing which is natural gas and thicker oils. Light, sweet crude is still one of the most optimal forms of energy and as we export natural gas, etc., it makes good economic sense to import low-cost light sweet crude.

Too many people thing oil is just oil and the poster 'syk', is displaying that, and I think on purpose, to make an invalid point.

 

[CandiCame]

Thanks to tectonic plate activity, the earth is alway burying carbons and pressuring them into oil and gas; this includes such things as that evil, bad, nefarious CO2 that is absorbed by our oceans...

We have known this for years, but allowed political science and the myth of oil from dinosaurs (fossil fuels) to prevail so that the government could take more control over our lives and livelihood. Truth is, even back then, when all was lush and falling into swamps, the earth was busy creating oil. It's part of one of our planet's natural cycles.

I'm super interested to know what you think the myth was.

Because we've always known how carbon compresses into oil and coal and shit. Like... at what time was there a myth? Even in the old black & white superman show they talk about this kinda correctly when Clark uses his powers to squish coal into a diamond so he can be a cheap bastard.

The difference between a renewable resource and a nonrenewable resource is time.

https://energyeducation.ca/encyclopedia/Oil_formation

But unless you're kryptonian this shit takes millions of years and is buried real fuckin deep.

There's a shitton of it in antartica too, just sitting there. But it's buried under a bunch of ice and dirt and shit.

The best thing for the planet is to leave it the fuck alone and get some energy sources that renew like, once a day instead of over millions of years. We ain't got time for that, we all got work in like half an hour.

 

[bellisarius]

It's almost as if people made predictions based on the information they had at hand, and then, at some point in the future, the information changed.

The real bullshit is the lie we were told all this oil (and gas) would make the U.S. energy independent, yet here we are, still importing over half our oil from other countries while shipping out our "energy independence".

The US consumed approx. 20 million bbls/day this year. Of that 2.4 million was imported. It is projected that next year we will only rely on 1.6 million bpd of imported oil. Further projections call on us to be a net exporter by 2020 if not sooner. You do the math.

 

[LupusDei]

However much there is or even might be still untapped and undiscovered resources out there it only change minute details about the equation, not the principal fact those resources are finite in nature. While it may not be wrong in theory to claim some new might be naturally created, the rate of that renewal is so negligible it could as well be ignored in comparison to our current usage.

In any case, burning oil can only ever be excused in very few applications where the exceptional energy density is as of yet unequalled and irreplaceable. Most of private and public transportation don't qualify, even less general heating.

 

[SpeareChucker]

Because Candi, in the universe of of fossil fuel being compressed into "oil," peak oil would not have been a myth, but a reality, but the earth, not past life, is creating oil making the old theory obsolete and those who still cling to it for reasons of political science don't give a flying fickle finger of fate over Science. In short, biomass has to be subducted and subjected to intense heat and pressure.

 

[SpeareChucker]

Let's examine the Economic and Scientific issue of peak oil, using grain and three states Iowa, Kansas and Arkansas (including the Bootheel). All are capable of growing any any grain the want, in fact, they could be self-suffiecient, but this self-sufficiency comes at as expense, the higher cost of locally grown grains on a small scale. In order to minimize cost and growing potential, Iowa best grows corn, Kansas corn and Arkansas rice, at the lowest possible cost and then the three states, which can be grain independent, gain Economically. And when properly managed, the land will produce grains in perpetuity, it even grew grains before man began cultivating them.

It's the same with oil, except we have no direct control over its formation, a process that has been going on well before a lot of your masses of "fossil fuels" that will eventually peak (as in, we're still right, we just got the timeframe wrong).