Thursday, July 13, 2017

"Peak" U.S. Crude Oil Production

The reddit thread got real nasty the other day.  Seems some people don't like long held beliefs like the Hubbert Curve contravened.

I fully expect additional records to be set once market conditions support more extraction. 

30 comments:

Lawyerliz said...

What's that?

Lawyerliz said...

And why should you get mad about it?

LBD said...

Since when do some of them need a reason?

Must be some profit for many still to produce more. Cheap fuel maybe the down fall of electric cars. Market demand will sort it out.

Rob Dawg said...

Time for me to come clean. 2015 just barely missed the peak if 1970 for net extraction. I've been goading Antipodes for the past few days because for years he has been a peakenese. The only way to get a peakenese to get better is to force them to admit the old peak was not a peak. They won't accept data from outside. They need to find it for themselves. Antipodes is a particularly tough customer.

Lawyerliz said...

How about goading him to post on here instead ?

TJandTheBear said...

How about posting charts on historical EROEI (going to zero), new discoveries (also going to zero) and shale company profits (already sub-zero). :-)

Mike said...

I think they all hate oil because they associate it with the Republican party..

Lawyerliz said...

When I first started posting it was about wind and sun never being abe to replace oil. Now it seems they can replace quite a bit. Why is peak important?

Lawyerliz said...

How do you get on the reddit remnant of hcn?

LBD said...

Good Morning!

Back to the poor house. Zillow dropped my house Value by $35K. :(

Reddit is a pain to follow.

Lawyerliz said...

Oh,noez! Mine has stayed the same for a few days. Perhaps because I haven't planted more marigolds. I think they are out of season. Pentas it is!

Lawyerliz said...

K? K? Should got a second mtg. Hahahahahahaha

Lawyerliz said...

Did I mention it is very hot and Humid?

LBD said...

Humid here but in the 80's only a 1/2" of rain this week farmers are watering the corn. Dry land is thirsty.

Lawyerliz said...

PlAntes 3 count em 3 Angelina and the crapped out. It's getting to be the time of year I say the hell with it and give up until Ocober.

Lawyerliz said...

Planted. Then

Lawyerliz said...

Pentas tomorrow.

Lawyerliz said...

Very dirty from gardening. Need shower.

Lawyerliz said...

Helllllooooo. Holds hand to earrr. Anybody.out there?

Lawyerliz said...

Up $600. PEople who dont post, get decreased

Great Unknown said...

Definitely hot and humid in the Carolinas. I don't do anything outside after 0900.

LBD said...

To celebrate going to the poor house we went out for lunch and had prime rib sandwiches. Is my loss deductible? Or is the gain not real? I'm so confused. LOL!

Mike said...

just back from the morning bike ride..weather is perfecto!!

Lawyerliz said...

Neither.

We went to a.dinner and had an El Cheapo lunch. Are you sure it wasn't 3500$?

Lawyerliz said...

Our weather was not perfect. Oh, perfectly hot maybe. Diner, not dinner.

Rob Dawg said...

Still a tad humid here at 70°/70%RH.

New post.

Looks like top ramen for me.

The tomatoes were so big I missed some things. More on that in the next post.

Picosec said...
This comment has been removed by the author.
Picosec said...

Hi LL!

To experience what happens when a blog dies and it's personalities reincarnate into separate entities, check out both of these:
https://www.reddit.com/r/Hoocoodanode/ for righty tighties
https://muddyeconomist.com/mudbiker/ for lefty loosies

PS: Good to see you (in print) again.

Rob Dawg said...

Hi Pico/atto. Lots of people stop by. LL has been here from the reboot.

Lawyerliz said...

Pico!!!