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Truthiness

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  • A Rough Month For American Capital Agency [View article]
    no inflation because there is no demand
    Jun 26, 2015. 07:10 PM | Likes Like |Link to Comment
  • GE, Aetna weigh Connecticut pullout [View news story]
    Dublin or Amsterdam, perhaps?
    Jun 5, 2015. 06:09 AM | 3 Likes Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    THe reality for coal is changing. Coal generation is being phased out in favor of Nat Gas & renewables -- its a fact.
    Apr 28, 2015. 08:49 AM | 1 Like Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    Coal is cheap because we don't price in its true costs -- pollution = increase environmental & health problems.

    THe cheapest cleanest watt is the one you never use.
    Apr 28, 2015. 08:47 AM | 1 Like Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    "There are billion and billions of barrels in known reserves, but they are just aren't economical to get"

    That is the WHOLE POINT.

    We are in an anti-goldilocks situation -- at sub $90 oil, many companies can't make a profit and will go broke. Proof is to look at cash flows of the E & P companies from the first 9 months of 2014 -- THE VAST MAJORITY were not able to make a profit at $90 oil.

    On the other hand the public public cannot afford expensive oil - hence the demand destruction (it isn't all energy efficiency).

    +++

    Tar sands are not the same as liquid oil. They need alot more water & energy to process it - these are limiting factors & production cost factors.
    It is misleading to think of tar sands & lite crude as interchangeable. THe process of extraction of tar sand crudes creates more carbon emissions that from conventional oil.

    THe fact that we are having to mine tar sands actually proves Dr Hubbards ideas.

    ++++

    Contributing to the longest threat in SA history
    Apr 28, 2015. 08:42 AM | Likes Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    I think the fact that we are in worldwide deflation also has a lot to do with it.
    Apr 26, 2015. 09:00 AM | 2 Likes Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    Do you think this article has set the world record for responses?
    Apr 25, 2015. 04:51 PM | 1 Like Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    You fail to recognize I can't strap a solar panel on my car & make it go.

    I cant put nat gas in my gasoline engine.

    The US alone had ~$3 Trillion invested in gasoline combustion engines that would have to be replaced or modified to use some other fuel. You would need to build out a chain of refueling stations, something that has taken about 90 years for gasoline.

    Who is going to pay for this?

    THis is a BIG PROBLEM
    Apr 25, 2015. 09:14 AM | Likes Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    You are correct, and before the oil industry successfully lobbied the SEC, many things like oil shale, bitumen and tar sands were NOT counted as oil.

    http://1.usa.gov/1b0GHzV

    Facts are -- by the traditional definition of what is oil -- we peaked about 10 years ago.
    Apr 25, 2015. 09:09 AM | 2 Likes Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    Million, billion, zillion they are all the same -- to the innumerate.
    Apr 24, 2015. 03:25 PM | 5 Likes Like |Link to Comment
  • The Last Two Oil Crashes Show Peak Oil Is Real [View article]
    Did anyone read the article on RIGZONE? Big Oil's Latest Fear: A Price Shock After $114 Billion of Cuts

    Outside of some producing countries that limit access to their reserves, the industry has failed in recent years to find enough oil to replace lost production. Last year, the companies only struck enough oil for about 50 days of global consumption, said Tim Dodson, the executive vice president for exploration at Statoil ASA. - See more at: http://bit.ly/1I57Mzi
    Apr 24, 2015. 03:24 PM | 1 Like Like |Link to Comment
  • Pacific Drilling Is Well-Positioned To Weather The Industry Downturn [View article]
    Look at free cash flow -- for 12 months ending 12/14

    cash from operating activities $396 M
    Capital ex (ie cost to drill) -$1,136 M

    and that was a 1/2 year at $90+ oil

    'Nuff said
    Mar 21, 2015. 06:29 PM | 1 Like Like |Link to Comment
  • The Media Is Dead Wrong About Oil Supply And Demand [View article]
    Here is a link to a comprehensive study of fracking plays http://bit.ly/16z5o4V

    Drilling Deeper reviews the twelve shale plays that account for 82% of the tight oil production and 88% of the shale gas production in the U.S. Department of Energy’s Energy Information Administration (EIA) reference case forecasts through 2040.

    This report finds that tight oil production from major plays will peak before 2020. Barring major new discoveries on the scale of the Bakken or Eagle Ford, production will be far below the EIA’s forecast by 2040. Tight oil production from the two top plays, the Bakken and Eagle Ford, will underperform the EIA’s reference case oil recovery by 28% from 2013 to 2040, and more of this production will be front-loaded than the EIA estimates. By 2040, production rates from the Bakken and Eagle Ford will be less than a tenth of that projected by the EIA. Tight oil production forecast by the EIA from plays other than the Bakken and Eagle Ford is in most cases highly optimistic and unlikely to be realized at the medium- and long-term rates projected.
    Feb 5, 2015. 02:32 PM | 1 Like Like |Link to Comment
  • The Best Oil Opportunities: What To Avoid And What To Embrace [View article]
    US uses ~ 19 MBD, so if you just want to look at that then we have ~21 days supply. -BFD - I have more cat food stored in my pantry.

    BTW, this is an example of MATH, not confirmation bias.
    Feb 2, 2015. 05:57 PM | 2 Likes Like |Link to Comment
  • The Best Oil Opportunities: What To Avoid And What To Embrace [View article]
    If the world uses 94Million B/P/D of oil, 400 Million barrel stockpile is less than FIVE DAYS SUPPLY.

    So this is "awash with oil" means?
    Feb 2, 2015. 12:38 PM | 4 Likes Like |Link to Comment
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