I say oil is renewable because it is. See Eugene Island and the other wells that are refilling.
As far as discoveries having peaked 40 years ago I presume you are a cult disciple of Deffeyes, Campbell, and Simmons. They are wrong. The third biggest oil field in world history, Sugarloaf/Carioca, was only discovered in December of 2007.
Why did the US peak more than 35 years ago? Because that's when the radical environmentalists started their political engineering. The US peaked by design not by geology. We've only been drilling offshore in 2 states.
How come this peaking pattern is seen in field after field and nation after nation around the world? What peaking pattern? Brazil and Russia certainly haven't peaked. I suspect it's because drilling isn't illegal there. Just a guess.
No such thing as so-called "fossil" fuel. In the history of the universe fossils have never miraculously or magically evolved into complex hydrocarbons: oilismastery.blogspot..../
This article is wrong in so many ways I don't even know where to begin. Oil is renewable. Hydrocarbons do not take millions of years to form and whoever taught you that should go take a highschool level chemstry class. I can make hydrocarbons in the lab using only iron oxide, marble, and water (no fossils required), and it doesn't take millions of years. Why is the amount of oil a given? Do you really think you are omniscient? Yes we can increase reserves and we do so every year.
"Peak Oil theory is garbage as far as we’re concerned." -- Robert W. Esser, geologist, 2006
Should We Listen to Boone Pickens on Oil? [View article]
Anyone who wants us to be energy independent would have to support offshore drilling, tax incentives and tax breaks to domestic oil companies, and a massive tariff on foreign imports. So far I don't see any of that happening.
Pickens is a joke. He literally makes hundreds of millions of dollars everytime there's a plus tick in oil.
“I was in wind energy for a minute…. I hate it. And when I got to looking at those damn things I said, I don't want to be a part of putting that on the horizon. I think it's homely and I don't like it. We took a loss and got out of it and I'm glad I did.” —T. Boone Pickens, Bloomberg, February 17, 2005
A Supply Side Problem: Oil's High Price is Here to Stay [View article]
What supply side problem? How is a trillion barrels a supply side problem? Hydrogen is the most common element in the universe and carbon is the fourth most common element in the universe.
Do Oil and the Market Still Have a Lot of Downside? [View article]
Noone knows where the market is headed and noone knows where the commodity price is headed. The safest thing to do is to invest in good businesses that will become more valuable no matter what the commodity price is, e.g. NOV and RIG, and hold them forever.
5 Reasons Why the $700B Bailout Could Translate to $250 Oil [View article]
"Peak Oil Pundit" Predicts Rally to $500 a Barrel [View article]
"Enormous implications follow from oil and gas being renewable resources." -- Peter R. Odell, 2004
oilismastery.blogspot..../
Peak Oil - Are We There Yet? [View article]
I say oil is renewable because it is. See Eugene Island and the other wells that are refilling.
As far as discoveries having peaked 40 years ago I presume you are a cult disciple of Deffeyes, Campbell, and Simmons. They are wrong. The third biggest oil field in world history, Sugarloaf/Carioca, was only discovered in December of 2007.
Why did the US peak more than 35 years ago? Because that's when the radical environmentalists started their political engineering. The US peaked by design not by geology. We've only been drilling offshore in 2 states.
How come this peaking pattern is seen in field after field and nation after nation around the world? What peaking pattern? Brazil and Russia certainly haven't peaked. I suspect it's because drilling isn't illegal there. Just a guess.
No such thing as so-called "fossil" fuel. In the history of the universe fossils have never miraculously or magically evolved into complex hydrocarbons: oilismastery.blogspot..../
Peak Oil - Are We There Yet? [View article]
"Peak Oil theory is garbage as far as we’re concerned." -- Robert W. Esser, geologist, 2006
Oil? What's Oil? [View article]
Should We Listen to Boone Pickens on Oil? [View article]
Pickens is a joke. He literally makes hundreds of millions of dollars everytime there's a plus tick in oil.
“I was in wind energy for a minute…. I hate it. And when I got to looking at those damn things I said, I don't want to be a part of putting that on the horizon. I think it's homely and I don't like it. We took a loss and got out of it and I'm glad I did.” —T. Boone Pickens, Bloomberg, February 17, 2005
Should We Listen to Boone Pickens on Oil? [View article]
I wish I got paid billions of dollars to go on CNBC and lie about oil.
Will Drilling Offshore Affect World Oil Prices? [View article]
A Supply Side Problem: Oil's High Price is Here to Stay [View article]
GM May Hit $200 Before Oil Does [View article]
You don't reach peak oil with twice the Exxon Valdez spill seeping into the Gulf of Mexico every year: www.sciencedaily.com/r...
Ever heard of abiotic? oilismastery.blogspot..../
Do Oil and the Market Still Have a Lot of Downside? [View article]
oilismastery.blogspot..../
Confirmatory Bias and Oil Investing - Continued [View article]
Offshore Drilling Isn't the Answer - Supply and Demand Is [View article]
oilismastery.blogspot..../
What We Can Do To Reverse the Oil Crisis [View article]
The science is this: hydrocarbons are infinite. Let's drill for them.
oilismastery.blogspot..../
Introduction to a Long Lecture on Oil [View article]
"Several times in the past we have thought we were running out of oil whereas actually we were only running out of ideas." -- Parke A. Dickey
Matt Damon never had any ideas to begin with.