Good stuff…and there is MORE info than this, so why Solar? Why ugly clunky wind farms?
That’s mostly horseshit…God gave us oil, he’s STILL making it in the Earth, and we should
fuckin’ use it, even the fuckin’ Nazi’s had their discoveries and knew they were
never gonna run out of it.
These are those types of conspiracy theories that are so obviously false, prima facie, that it’s absolutely inexcusable to believe in.
Please tell me that you posted this as a joke?
Every geologist, chemist, petro geologist, and many more professionals, numbering in millions, would have to be in on this.
Please explain to me why oil production in the U.S has been declining since the 70s ? (up until the last few years with the advent of the new drilling/extraction techniques.)
[quote]tmay15 wrote:
Please explain to me why oil production in the U.S has been declining since the 70s ? (up until the last few years with the advent of the new drilling/extraction techniques.)
[/quote]
I’m not going to dive into the whole peak oil myth, but the reason for the decline in domestic production has very little to do with dwindling oil reserves.
Since the late 70’s - early 80’s oil prices declined. Oil companies will only spend the money to explore, drill, pump, and refine domestic oil if the price of that oil will pay for itself. Despite the best efforts of technology, drilling the first well is always a crap shoot.
So if the price of all that doesn’t pay for itself, oil companies stick with the proven fields they already know exist. They did so for much of the 80’s, pretty much all of the 90’s, and a good part of the 00’s.
Fracking is relatively new, and more expensive than traditional drilling. But the sustained increase in oil prices over the last 7-8 years has made it feasible to use more exotic techniques.
Shorter version - domestic oil production has nothing to do with dwindling reserves and everything to do with money.
[quote]drunkpig wrote:
[quote]tmay15 wrote:
Please explain to me why oil production in the U.S has been declining since the 70s ? (up until the last few years with the advent of the new drilling/extraction techniques.)
[/quote]
I’m not going to dive into the whole peak oil myth, but the reason for the decline in domestic production has very little to do with dwindling oil reserves.
Since the late 70’s - early 80’s oil prices declined. Oil companies will only spend the money to explore, drill, pump, and refine domestic oil if the price of that oil will pay for itself. Despite the best efforts of technology, drilling the first well is always a crap shoot.
So if the price of all that doesn’t pay for itself, oil companies stick with the proven fields they already know exist. They did so for much of the 80’s, pretty much all of the 90’s, and a good part of the 00’s.
Fracking is relatively new, and more expensive than traditional drilling. But the sustained increase in oil prices over the last 7-8 years has made it feasible to use more exotic techniques.
Shorter version - domestic oil production has nothing to do with dwindling reserves and everything to do with money.
[/quote]
Your arguments are all full of contradictions…
You say that the increased oil prices over the last decade have made “exotic techniques” feasible, which is correct.
But why do we have to use these more expensive exotic techniques ? Why don’t we simply ramp up production at the old established fields if, as you claim, they haven’t dwindled ?
Answer - the reserves at the traditional fields are dwindling, as they deplete it becomes more and more expensive to extract each successive barrel. This is why fracking, SAGD, horizontal drilling, oil sands, etc. are now used. One source depletes so we find others.
I recently got home from Alberta where I was working on the oil rigs. There are PLENTY of old wells sitting there doing nothing. I decommissioned some of them myself. Some of which had been producing for 30+ years.
[quote]pushharder wrote:
[quote]tmay15 wrote:
[quote]drunkpig wrote:
[quote]tmay15 wrote:
Please explain to me why oil production in the U.S has been declining since the 70s ? (up until the last few years with the advent of the new drilling/extraction techniques.)
[/quote]
I’m not going to dive into the whole peak oil myth, but the reason for the decline in domestic production has very little to do with dwindling oil reserves.
Since the late 70’s - early 80’s oil prices declined. Oil companies will only spend the money to explore, drill, pump, and refine domestic oil if the price of that oil will pay for itself. Despite the best efforts of technology, drilling the first well is always a crap shoot.
So if the price of all that doesn’t pay for itself, oil companies stick with the proven fields they already know exist. They did so for much of the 80’s, pretty much all of the 90’s, and a good part of the 00’s.
Fracking is relatively new, and more expensive than traditional drilling. But the sustained increase in oil prices over the last 7-8 years has made it feasible to use more exotic techniques.
Shorter version - domestic oil production has nothing to do with dwindling reserves and everything to do with money.
[/quote]
Your arguments are all full of contradictions…
You say that the increased oil prices over the last decade have made “exotic techniques” feasible, which is correct.
But why do we have to use these more expensive exotic techniques ? Why don’t we simply ramp up production at the old established fields if, as you claim, they haven’t dwindled ?
Answer - the reserves at the traditional fields are dwindling, as they deplete it becomes more and more expensive to extract each successive barrel. This is why fracking, SAGD, horizontal drilling, oil sands, etc. are now used. One source depletes so we find others.
I recently got home from Alberta where I was working on the oil rigs. There are PLENTY of old wells sitting there doing nothing. I decommissioned some of them myself. Some of which had been producing for 30+ years.
[/quote]
So what? Why should we worry that the old fields have dwindling supplies when new ones are vast?[/quote]
I’m arguing against abiotic oil.
I never said I was worried. I think it’s great what we’ve been able to do to. Oil fields deplete, this is fact. That’s all I’m saying.
[quote]tmay15 wrote:
But why do we have to use these more expensive exotic techniques ? Why don’t we simply ramp up production at the old established fields if, as you claim, they haven’t dwindled? [/quote]
Just because you have a hole in your straw doesn’t mean the cup is empty. I don’t know why those rigs sit idle. But there could be several factors. Maybe fracking isn’t a feasible method given the formation. Maybe the rigs are flat worn out. Maybe it’s a more efficient use of labor to rest that particular field because of a lack of manpower.
Then again the formation could be just played out. But saying that is proof of dwindling oil supplies, or proof that the peak oil kooks are right is just not accurate, or true.
You equate the difficulty to extract with depleting reserves. I disagree. We keep finding new reserves all the time. I guess, if you want to get nit-picky about it, that every barrel we pump depletes the world’s known reserves by one barrel. But the problem with that line of reasoning is that we keep discovering more reserves, and developing the technologies to access those reserves, along with more efficient technologies to rejuvenate older, less efficient fields.
I’ve been in Texas longer than 30 years. It’s never been booming like this that I can remember. LOL Midland and Odessa don’t go boom and bust every few years because of dwindling reserves.
Of course oil is finite, because oil is inside the bowel of earth where the earth is finite.
something finite cannot contain infinite thing.
[quote]sawahladang wrote:
Of course oil is finite, because oil is inside the bowel of earth where the earth is finite.
something finite cannot contain infinite thing.[/quote]
Some threads are just too stupid , you can look at a globe and tell there is a limited amount of just about anything air and water too . This is just more Republican Rhetoric . And you will find the people that perpetuate these posts are experts in ALL matters and words have a special meaning that is not covered by a dictionary
[quote]Karado wrote:
Good stuff…and there is MORE info than this, so why Solar? Why ugly clunky wind farms?
That’s mostly horseshit…God gave us oil, he’s STILL making it in the Earth, and we should
fuckin’ use it, even the fuckin’ Nazi’s had their discoveries and knew they were
never gonna run out of it.
LOL @ the whole “jesus for oil” shtick…“Attention creationists”
That was pretty funny, thanks for posting that.
[quote]Karado wrote:
Good stuff…and there is MORE info than this, so why Solar? Why ugly clunky wind farms?
That’s mostly horseshit…God gave us oil, he’s STILL making it in the Earth, and we should
fuckin’ use it, even the fuckin’ Nazi’s had their discoveries and knew they were
never gonna run out of it.
Ugly clunky wind farms? Right, and oil rigs are so pleasant to look at.
What I know about oil. Cheap oil is on a heavy decline. It makes no sense to say that oil is not finite. Is the Earth not finite or does oil reproduce after it’s extracted?
Lot of semantics up in here.
Of course we don’t have unlimited oil. None of our resources are truly unlimited. We should be continuously searching for alternative fuel sources (because we know oil is not unlimited). At the same time we don’t need to give up on oil or quit looking to extract it because we don’t know how much of it is left. We have been talking about peak oil for decades now and where is the legitimate research that we are nearing its end?
The U.S. is currently at an amazing place energy wise and should be getting even better. We should not put all our eggs in one basket by any means, but we shouldn’t take out the eggs we have in that basket either.
I don’t think the debate is really whether oil is “finite” vs. “infinite,” per say, but whether its “renewable” like trees and whether the earth is making more.
http://alt-energystocks.com/blog/2008/07/02/oil-is-the-earth-running-out-or-making-more/
[quote]pushharder wrote:
[quote]pittbulll wrote:
Some threads are just too stupid , you can look at a globe and tell there is a limited amount of just about anything air and water too . This is just more Republican Rhetoric…
[/quote]
[/quote]
I am glad you see your self as qualified to judge others because I am sure we all have the same opinion of you that you have of your self