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Peak Oil Demand

jerrydd,
You are right about one thing..The world will not see 86 million barrels per day of oil and NGL's again.

That leaves only one route... much higher oil and gas prices.
You are a much smarter individual than most on this planet if you can stipulate with specificity the dates and times of prices to come.

As for me, I will just say that higher and higher prices are a certainty.
Don't know exactly when, or exactly how high, but it will be nice for those of us who have established a production base over the years.
I'm looking forward to it and grinning... (after some really hard years in the past.)

Predicting Oil and Gas Prices: 2009-2016

davew,
I have long advocated the maximization of the railroads, however it was brought to my attention that the unionized truckers and unionized railroad folks don't see eye to eye, and at present the truckers outnumber the railroaders. So it is likely that the truckers will have their way and keep their inefficient method of transport for some time to come.

EV's are nonsense. You already have greenies screaming to the heavens about disposal of hearing aid batteries and the like.
Where are they going to put all those spent car batteries?
EV's simply do not make sense. That's why our government is all for them. Think about it.. you have multiple conversions of energy forms that have to be transmitted through inefficient power lines to a battery that then transmits the energy to a motor.
It is idiotic and not cost effective.
That's why it will probably be pursued to the taxpayer's detriment, as was/is ethanol.

Predicting Oil and Gas Prices: 2009-2016

Over 35% of the traffic on interstate highways are eighteen wheelers.
They don't quite get the mileage that cars get.
There is no electric motor that will move a big rig efficiently.
EV's are like ethanol... a bad joke to be played on the public.
But you can bet our new socialistic government will force EV's down our throats just as was ethanol.

Triple-Digit Oil Prices: Rubin vs. Yergin

I'd be in Rubin's camp. Yergin is a historian.
We have not previously seen what is happening in the energy markets currently. The markets are making new history due to the peak oil scenario that is unfolding. History won't help us here.
I pay particular attention to Pickens when he speaks. He has a grasp of the energy markets that most can not match. Yeah, he's been wrong some, but he's been right a lot more.

NYT: The Great American Drilling Boom Is Over

How many times have we heard this type sentiment in the past. (Great drilling boom is over).
I remember when publications were espousing how the world was "awash in oil". Months later there were shortages driving the price to new highs.

Perhaps this article, in and of itself, is telling.

Crude Oil Inventories: I Can Tango, Can You?

I'm with Pickens on this issue.
What we are seeing now is a temporary bulge in inventories that will soon be drawn down due to supply destruction.
We are still using over 84 million barrels of this stuff each day. Mexico, Ghawar, and the North Sea are all in serious decline. Just because they reduce production due to inventories does not mean depletion has gone away.
Oil is very cheap now, and I am buying.

Gas Prices Will Go Up with a Fury

Well, how 'bout that?
The left coast is going to be paying even higher prices.
Going green is what they wanted, and they are simply having to pay for it.
Of course, now they want to complain about it.
How 'bout letting us get some drilling rigs out there off the coast to help out on the price??? Naw, they are so "green" to consider that... Guess we'll see if their attitude changes at five or six dollars per gallon.

OPEC Is Irrelevant for Now

If "these sheiks need us to buy the black crack more than we need it ourselves" is a true statement, it is only true temporarily.

Payback could be hell... don't glut too much, too soon, in regard to Iran and Venzuela...

OPEC Cuts, Oil Falls: Something's Not Sustainable

<<Oil prices today are ruled by shifts on the demand curve, not shifts in the supply curve>>

I am sure glad he put the word "today" in this comment.
I'm not really worried about "today".... I'm thinking more about "tomorrow".

"Tomorrow" oil prices will be ruled by shifts in the supply curve...(downward).