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Global oil supply more fragile than you think : Comments
By Nicholas Cunningham, published 10/8/2015It makes sense for companies to cut today, but collectively that could lead to much lower supplies in the future.
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Posted by Rhrosty, Monday, 10 August 2015 5:37:35 PM
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Robert Le Page - no your original reference specifically said Australia. Your reference to peak oil by country would now be hopelessly dated - this stuff has died - and shale oil is a con only in your own mind. As I said the Queensland deposits are uneconomic but the Canadian oil sands stuff has turned Canada into a major exporter. My strong advice to you would be to read up.. and I've spent way too much time on this..
Posted by Curmudgeon, Tuesday, 11 August 2015 10:10:16 AM
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ttbn: I have a birth cert that says I am real. Do you have one for “ttbn”?
Curmudgeon; we can only agree to differ. I have been studying peak oil for about 8 to 10 years now and I am convinced. And for shale, see below. Shale Oil Output Heads for Record Drop After U.S. Drilling Swoon http://www.bloomberg.com/news/articles/2015-07-13/shale-oil-output-heads-for-record-drop-after-u-s-drilling-swoon Posted by Robert LePage, Tuesday, 11 August 2015 1:39:44 PM
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I mean we have just days of strategic reserve and are at and end of a supply line that could be shut down in just minutes, if there was enough ill will directed at it?
Robert is right, we have copious quantities of Gas and there is not a vehicle currently plying our highways , byways and railways that can't be re-tuned to run on it as CNG!
And we have enough cheaper than coal thorium to power the world for around 700 years; or our own industries for thousands, if kept here for that just that purpose and the huge commercial advantages that would confer on us!
Given the patently missing political will, able to make enough biogas to power our entire domestic energy demand for eternity!
But that may harm the commercial interests of some very powerful people and their tame, [coal and greed is good, he must be Obeid] pollies, and we can't have that now can we?
Sectional political outcomes, feathering the nest or personal interest, is far more important than the national interest?
[Had any taxpayer funded jaunts lately?]
Were all of that that not so painfully obvious, we would see some very different energy supply outcomes?
By their fruits, [or the lack thereof] we shall know them?
Rhrosty.