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the wierdo
i before e, except after...wtf?
TeamWarfare Vet
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| 06-25-2012 10:23 PM / profile
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Originally posted by: samUwell
Originally posted by: the wierdo
Really long link fixed
Post edited by the wierdo at 6/26/2012 12:56:54 PM
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Mockery
TeamWarfare Vet
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| 06-25-2012 11:58 PM / profile
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Could they have found a larger http web address?
Second........Peak what? In the butt.......
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(SF) DirtyRatFink
TeamWarfare Vet
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| 06-26-2012 12:16 AM / profile
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No way in hell does anyone at "Harvard" know what they are talking about. I have it on flood-wearing, acid-dropping, eyeball-licking authority that we are at peak oil.
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the wierdo
i before e, except after...wtf?
TeamWarfare Vet
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| 06-26-2012 12:16 AM / profile
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And this thread is coming from someone who'd be happy to see peak oil arrive.
The two main questions I have:
Will yearly oil production rise in the next few decades?
(Unequivocal yes, according to the study)
Will prices rise anyway?
(Possibly the opposite, according to the study)
What sort of website puts the entire article name in the url? The Belfer Center at Harvard, that's what.
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Mockery
TeamWarfare Vet
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| 06-26-2012 12:18 AM / profile
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Originally posted by: the wierdo
And this thread is coming from someone who'd be happy to see peak oil arrive.
The two main questions I have:
Will yearly oil production rise in the next few decades?
(Unequivocal yes, according to the study)
Will prices rise anyway?
(Possibly the opposite, according to the study)
What sort of website puts the entire article name in the url? The Belfer Center at Harvard, that's what.
Add that to the pending signs of yet another pending economic downturn and oil futures might have a very scary future in store for them.
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(SF) DirtyRatFink
TeamWarfare Vet
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| 06-26-2012 12:24 AM / profile
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You 2 are idiots. You haven't heard a word that WTS has said. Morons. Ignorance is bliss, you silly twits.
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the wierdo
i before e, except after...wtf?
TeamWarfare Vet
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| 06-26-2012 12:29 AM / profile
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You're all twits
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(SF) DirtyRatFink
TeamWarfare Vet
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| 06-26-2012 12:38 AM / profile
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The only real option here is to bail out the oil companies.
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Cocytus
TeamWarfare Vet
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| 06-26-2012 02:27 AM / profile
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Originally posted by: the wierdo
You're all twits
I haven't even responded to your thread, but thank you.
One question I have is, will using all of this oil be better for the world or should we continue to go green?
There's a shit ton of oil out there.
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the wierdo
i before e, except after...wtf?
TeamWarfare Vet
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| 06-26-2012 03:02 AM / profile
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I think of you as more of a twat.
Fossil fuels in general created the modern world. I just think there's diminishing returns once a country's industrialized and smoggy and people with weak lungs are hacking up coal particulates and occasionally dying. It's a lazy way to maintain standard of living. A competitive America could go green and figure out a way to profit from it. A declining America takes what it can get.
If fossil fuels lifted China Brazil and India out of poverty, and they all got cracking on technological development and efficiency improvements and renewable energy sources, then the world is better off for it in the long run. I think it doesn't matter what I want--the oil's getting burned.
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Stryk
TeamWarfare Vet
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| 06-26-2012 05:44 AM / profile
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Originally posted by: the wierdo
And this thread is coming from someone who'd be happy to see peak oil arrive.
The two main questions I have:
Will yearly oil production rise in the next few decades?
(Unequivocal yes, according to the study)
Will prices rise anyway?
(Possibly the opposite, according to the study)
What sort of website puts the entire article name in the url? The Belfer Center at Harvard, that's what. Prices will rise. They already have.
Production is up, demand is down for the past year. Until a month ago, prices were up.
The only reason they're down right now is either its an election year and/or shear fear of a massive deepening in the recession. And don't for a second think this president an the oil industry are antagonistic when the cameras are off.
I remember this price decrease in the early 80's. The Saudis wanted the price down to defund Iran. But from the 70's the price had been high and a lot of people were making buckets of money. So the Saudis upped production. The oil market kept buying it up and storing it to keep the price high. It took better part of a year, but they literally ran out of places in the world to store it. That's basically what it took for the middle men to be stopped. Literally no place left on the planet to store it.
That was 30 years ago. Today they are way more plugged into the government. Have mouthpieces on the right propagandizing for them. And will be in a far better position to limit that forecast production.
The only reason we're hearing about this production potential is to placebo the public against any kind of change that will end their massive profit margins.
Post edited by Stryk at 6/26/2012 5:51:41 AM
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-EB- Bluedoctor
TeamWarfare Vet
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| 06-26-2012 09:12 AM / profile
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I read an article recently that discussed at length what Stryk mentioned in his post--that Saudi Arabia uses the price of oil to undermine the financial strength of its petrostate rivals, primarily Iran. Saudi Arabia currently has a strong "rainy day" fund and so can deal with cheaper oil prices. Iran has no such luxury. Their budget relies upon high oil prices. An extended period of low prices would force subsidy cuts and would piss off the people.
One thing that people forget is that the Green Revolution was potent not simply because of accusations of a stolen election, but because of high inflation and high cost of living. It was economic issues that galvanized the movement and created instability within the country. A big drop in oil prices would blow a hole in their budget that would undermine the ability of the Iranian government to buy off its people as well as serve to make it more difficult to realize their dream of being a nuclear state.
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[-NM-] -SS-
TeamWarfare Vet
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| 06-26-2012 11:54 AM / profile
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Use tinyurl to fix that link. You broked da forumz.
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samUwell
TeamWarfare Vet
TWL Contributor
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[-NM-] -SS-
TeamWarfare Vet
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| 06-26-2012 02:14 PM / profile
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Originally posted by: the wierdo
Originally posted by: samUwell
Originally posted by: the wierdo
Really long link fixed
Lazy ass.
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the wierdo
i before e, except after...wtf?
TeamWarfare Vet
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| 06-26-2012 04:48 PM / profile
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Just giving Sam due credit for his hard work cleaning up after me 
Stryk: interesting story, thanks. I did not know that.
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Mockery
TeamWarfare Vet
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| 06-29-2012 01:44 PM / profile
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Originally posted by: -EB- Bluedoctor
I read an article recently that discussed at length what Stryk mentioned in his post--that Saudi Arabia uses the price of oil to undermine the financial strength of its petrostate rivals, primarily Iran. Saudi Arabia currently has a strong "rainy day" fund and so can deal with cheaper oil prices. Iran has no such luxury. Their budget relies upon high oil prices. An extended period of low prices would force subsidy cuts and would piss off the people.
One thing that people forget is that the Green Revolution was potent not simply because of accusations of a stolen election, but because of high inflation and high cost of living. It was economic issues that galvanized the movement and created instability within the country. A big drop in oil prices would blow a hole in their budget that would undermine the ability of the Iranian government to buy off its people as well as serve to make it more difficult to realize their dream of being a nuclear state.
Hence the perhaps legitimate idea behind the creation of the DOE back during the late 70's, early 80's, oil embargo.
The massive political maneuvering and outright fiscal failures of the DOE, since then, is unfortunately a totally different story.
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William T. Sherman
TWL Member
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| 06-29-2012 01:54 PM / profile
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This boils down to the same propaganda that's been being spewed by big oil and their shills for years; oil production won't fall because we'll keep developing better technology and invest more as prices rise. Too bad this study fails to use any legitimate production estimates.
Edit: oh and the oil glut of the 80's was from major oil fields coming online in the North Sea, Mexico, and Alaska. We haven't found any comparable fields in the last decade and shale oil might not even be profitable once actually productive fields run dry. There will be no new glut to save up, and by 2020 we'll all be wishing gasoline was as "cheap" as it is today.
Post edited by William T. Sherman at 6/29/2012 1:59:44 PM
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Mockery
TeamWarfare Vet
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| 06-29-2012 02:13 PM / profile
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Originally posted by: William T. Sherman
This boils down to the same propaganda that's been being spewed by big oil and their shills for years; oil production won't fall because we'll keep developing better technology and invest more as prices rise. Too bad this study fails to use any legitimate production estimates.
Edit: oh and the oil glut of the 80's was from major oil fields coming online in the North Sea, Mexico, and Alaska. We haven't found any comparable fields in the last decade and shale oil might not even be profitable once actually productive fields run dry. There will be no new glut to save up, and by 2020 we'll all be wishing gasoline was as "cheap" as it is today.
With a little luck, you will be right........
But for most of the wrong reasons (as is usually the case).
The central banks will call any falling in oil prices as "deflation".......as therefore being detrimental.......and will further loosen monetary policy.......injecting cheap liquidity (ie. printing money).......and forcing otherwise declining oil prices to not only look stable, but increasing, because the fiat money we are forced to buy all oil futures with will continually become more and more worthless.
Then, even if this articles prediction is true.........and oil is in a bubble, oil prices will have no choice but to continue to go up. If they can do it with housing.......gold.......silver........they can surely do it with oil too.
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William T. Sherman
TWL Member
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| 06-29-2012 02:17 PM / profile
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You're totally right, the illuminati and evil jew bankers are at fault here. It has nothing to do with declining access to oil. It's all the bankers sitting in a smoky room, rubbing their hands together while they pull levers and feast on babies.
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William T. Sherman
TWL Member
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| 06-29-2012 02:17 PM / profile
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Fucking idiot.
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