Recent Comments

Still laughing over most of them, absolutely hit the mark with all. The ones I didn't laugh at were too close to home, like Trump talking ceasefire with Dems. Enjoyed them just the same. Thanks OUC!

Actually, the number of years "Peak Oil" was SO WRONG is the one thing that holds me back from buying in...

But output matters. If your mine is pushing out oil, you don't throttle it. And the GOVT is using WORD GAMES (illegal? people are not illegal!)... They now refer to ALL of it as a group (distillates or whatever). But they are Combining LNG,WTI,etc. All as "Energy" as they speak. Which obfuscates
the fact that NG has been found, and we are better at capturing it (not just burning it off). Versus having found more oil. Again, I can't quickly find his graph, but he is showing that a LOT of the old well locations topped out years ago and we are riding them down.

It will take new exploration to open more.

And Again... The odds we keep finding more oil, deeper and deeper. (And I just heard that old wells have been checked, and they are producing oil again...)... So this is potentially hopeful.

Regardless. I truly believe we will not be safe until we get Nuclear in the 80-90% range of our power needs...

I liked the detail data that the writer puts in the article, and his observation of some of the likely results, but,
as you said, only someone without an understanding of how the rest of the world actually operates comes to
his conclusion.

Controlled Demolition.

3961
Apr 14, 2020 4:33:11 PM EDT
Q !!Hs1Jq13jV6

You are witnessing the systematic destruction of the OLD GUARD.
Q

I dispute the claim of attacks on Russian oil infrastructure. As well as the US becoming a pirate state. But…. Excerpt In just 90 days, the US has executed an energy blitzkrieg decades in the making:
Hundreds of strikes on Russian tankers and refineries
Disrupting a third of China's oil and LNG supply
Capturing the largest oil reserves on the planet
Establishing a global naval blockade from the Arctic to the Indian Ocean
And in the process, kidnapped and assassinated two heads of state. We are witnessing the transition of the United States from an empire into a lawless Pirate State, and the birth of what I call the Petrogas-dollar or LNG-Dollar.

The rest are MAGA.

Yes the author appears to have TDS, his description of the brilliant plan To take Oils control away from the Deep state has upset him. He does explain it pretty well. Controlled Demolition of the old guard.

There will also be a long lag on switching to alternative (non-hydrocarbon) sources of energy.
Most efficient source known today is nuclear which is probably a decade away.
Coal (also a hydrocarbon) should be the energy source that is cheapest (with current
technology) and can provide continuous power for up to a century without significant
pollution effects.
Just get the moron parasites out of the way and prices will provide incentives for new
energy technology.

Hello Capt.
To Counter your counter. Maybe traditional oil production is down due to the market. Shale is a Quicker payback ,money flows to the highest IRR. Keep in mind the industry has benefited from Scarcity vs Abundance narrative. ThinQ of the insane regulations and hurdles to produce wells. Anwar , offshore CaliROTnia the gulf of America all have vast oil reserves. Peak oil has been declared since 1970 ,56 yrs later and Finally oil will be decentralized. Biden’s handlers drained the SPR because they choked the oil industries production with the green new scam. As he was told to do so triggering the worst inflation with COVID and his FED corruption system . The SPR, Trump will fill it by this time next year.. Global warning was never a concern just more fear tactics to manipulate the slaves.
NY Mercantile - Delayed Quote
•
USD
Crude Oil Jun 26 (CL=F)

95.22
-7.05
(-6.89%)
As of 11:49:53 AM EDT. Market Open.

This is just the start.
NY Mercantile - Delayed Quote
•
USD
Crude Oil Jun 26 (CL=F)

95.22
-7.05
(-6.89%)
As of 11:49:53 AM EDT. Market Open.

Actually he wants both those things, gas dollars and the American system. England's pretty much done now unless they have more tricks up their sleeves.
They flew home as commoners with their tails between their legs the other day.

I thought the royals had their own planes, guess not !

All animals are equal, but some animals are more equal than others. - George Orwell, Animal Farm

What Trump wants to be permanent is the necessity of holding US dollars
by all other countries because they need them to buy hydrocarbon fuels.
That's MAGA.
(Unfortunately it also supports the existing bankster cartel system, but
hopefully Trump will have time to stop that parasitic system.
Better to be enslaved by English speaking banksters instead of Chinese?)

They make story telling easy

Excellent collection, as always, OUC!

Somehow Branco and Babylon Bee always hit the mark.

Energy was not our quest, we have more than enough supply and demand.
Our objective was to sequester the bad players in the world and if that meant Energy supply disruptions, so be it, it's temporary, unlike Nuclear war and global jihad.

Guess it's not possible to post a *.wp4 file directly to the gulch..

I heard the same (Rockefeller), there is even evidence for it.
Well, we know you can sequester a LOT of CO2 in the soil as well. Light a forest on fire, and it leaves Charcoal behind (lol).

Non-existent ditty?

("I believe the FORRESTS become sludge when compressed between heavy rocks. Trees are carbon, etc. etc. etc. (more so that dinosaurs of where there were NEVER enough to produce this amount of oil).")

I never heard an explanation of how the dinosaurs got down a mile or two below the surface in the first place.

I heard/read that the dinosaur Theory originated with Rockefeller because he thought that would make oil appear to be a limited commodity and therefore could charge higher prices.

Thanks for the post Dobrien - Good information.

Thanks OGC! A good collection...

Yep! Comey does look good in orange.

Those are The Best Shells EVER!

Let me offer some counter points.
First, overall oil production (without Shale) is down.
We peaked a few years back.
Russia peaked almost 10 years ago.

Shale wells are fast acting, fast dying.

High Prices... Above $100/bbl is what makes exploration worthwhile.

Pay attention to time to find, time to build, time to drill, and time to first barrel of oil.
This can be 5 years. It's always measured in years. Not months!

And starting with Covid... Most of these companies stopped LOOKING for new oil.
Exploration dropped like 80% (opinion, I have no evidence other than reading Martenson).

Now, I am TORN. We hear about Peak Oil. Which Martenson believes, and has believed
since the 1980s. Based on Oil being a Fossil Fuel.

TBH, I no longer believe this. I believe the FORRESTS become sludge when compressed between heavy rocks. Trees are carbon, etc. etc. etc. (more so that dinosaurs of where there were NEVER enough to produce this amount of oil).

Meanwhile, our SPR is shot, just about spent. And we keep spending it to keep oil down.

Finally, it takes 45-60 days to get ships here, to either load or unload. And that process can take between 1 and 3 days per tanker.

The impacts of shutting down the Gulf of Hormuz is ONLY NOW beginning to be felt.
Oil NEEDS to be higher.
Oil likely needs to be $150/b... To encourage finding more.

I cannot know if we are truly at peak oil. But I do know the amount of it is Finite.
And at some point, the cost of getting it will so far exceed the current price per barrel that we will be forced to change how we treat it!

At least Global Warming is dying off as the biggest concern.

(And on Cue... Gore showed up preaching a potential Ice Age, IKYN)

Control the language, Control the Thoughts. (1984)

This is rewriting this story because it's WAS the simplest argument against communism.

A friend had a special needs brother who was 100% communist because it meant EQUALITY and that's something he could NOT FEEL as he knew he was mentally impaired.

I spent time whenever I visited them, to let him talk, because he was the perfect person to explain it. He was NOT embarrassed about anything he said. He was being true to himself, he just wasn't equipped to see the flaws.

EQAULITY. After a few weeks of our conversations, I said if EVERYONE is equal, then EVERYONE gets to spend SOME TIME leading, right? (Yes)... Okay, what will you do when it is YOUR turn to lead... (Oh, they can't pick me because I have issues).

Ah, but that would not be EQUALITY, now would it? (There are better people for that).

Ah, so that implies... YOU and THEY understand... Not all people should lead... (Yes). And therefore... People are not "Perfectly Equal" which would make them interchangeable... They are "Equal as In Rights... Not abilities?" (Oh, Yeah).

And... WE Already have that... Without destroying everyone else's desire to work.