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Freddy Hutter, TrendLines Research » Comments » RSX

  • Oil Supply: As Russian Production Tops Out, World Supply Will Continue to Slip [View article]
    Hamilton is a waste of time. When he did this he predicted Spare Capacity would be nil at year-end 2012. In reality, it will be 6.47-mbd. He grossly overestimated Underlying Decline Observe. It is only 3.2% annually. He thought 7%. He admits his mistakes in the new footnotes.
    Sep 17 02:50 am |Rating: 0 0 |Link to Comment
  • Oil Supply: As Russian Production Tops Out, World Supply Will Continue to Slip [View article]
    Thanx jerrydd for your thoughtful comments. But your impression that Reserves are falling is wrong. BP calculated Reserves of 688-Gb in 1982. Consumption since '82 has been 681-Gb. But over the time frame, BP has doubled its estimate of to 1409-Gb (in June 2009). This is an increase of 27-Gb/yr over and above annual usage.
    Sep 14 15:11 pm |Rating: 0 0 |Link to Comment
  • Oil Supply: As Russian Production Tops Out, World Supply Will Continue to Slip [View article]
    I agree GTL technology is substandard; but since GTL is projected to be only 2% of 2030 All Liquids production, it is a straw-man argument.
    Sep 14 03:05 am |Rating: 0 0 |Link to Comment
  • Oil Supply: As Russian Production Tops Out, World Supply Will Continue to Slip [View article]
    All stakeholders consider NGL as part of All Liquids as defined by the agencies and producers. Your implication that Regular Conventional Crude (light sweet) is about to undergo some earth shattering seachange is misdirected. RCC peaked at 68-mbd in 2005 and is only 62 today. It is a mere 74% of All Liquids and will be less than 50% in the commonly used time frames.

    In short, nobody cares about your silly narrow definition of "real" oil.
    Sep 13 19:57 pm |Rating: 0 -4 |Link to Comment
  • Oil Supply: As Russian Production Tops Out, World Supply Will Continue to Slip [View article]
    Would someone please inform Gregor that 12 of the g-20 nations were in Recession in 2009Q1. World oil production set 4 monthly records in 2008 before the onset of the financial credit squeeze.

    The IEA predict peak oil in 2030. The EIA in 2090. The average of the top 20 extraction forecasts reveals oil is poised to rise from 84-mbd today to 93-mbd in 2023.

    MacDonald seems to be feeding some kind of agenda-driven purpose rather than any connection with reality.
    Sep 13 16:58 pm |Rating: 0 -7 |Link to Comment
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