The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
The Forum - On Line Opinion's article discussion area



Syndicate
RSS/XML


RSS 2.0

Main Articles General

Sign In      Register

The Forum > General Discussion > James Kunstler's View of the Long Emergency

James Kunstler's View of the Long Emergency

  1. Pages:
  2. 1
  3. 2
  4. Page 3
  5. All
"Well Mhaze you make the assumption that many make; peak oil (crude)
did occur in November/December 2005."

1. Prior to 2005 the peak oil scaremongers weren't talking about just conventional oil but oil overall. They/you have just inserted that crude oil descriptor to hide the fact that they/you were wrong.

2. Even then 2005 wasn't the peak for conventional since its now been exceed in the late 2010's as Opec + Russia tried to destroy the US frackers through overwhelming production.

3. The fracking industry isn't dying and didn't just find an extra decade or two of oil. they found centuries of new oil.

Even after all that the original assertions by Kunstler and the peak oil cultists was that oil will become more expensive and therefore western civilisation will wither. Irrespective of whether conventional oil peaked, even the cultists can't hide the fact that oil is now more plentiful and cheaper than ever before. Therefore their scarenonger remains invalid.
Posted by mhaze, Monday, 25 May 2020 2:00:12 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Mhaze you got it totally wrong.
Conventional oil IS CRUDE oil.
The use of crude is to differentiate with fracking oil, or to use the
correct term "Tight Oil".
If you think the Fracking industry is thriving you need to research
it rather more. The wells in operation have fallen from 1400 to about
500 the last I remember. Bankruptcy management is their main news.
Even Chesapeake is on the way out and why do you think BHP got out ?
Posted by Bazz, Monday, 25 May 2020 3:06:55 PM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
"Mhaze you got it totally wrong.
Conventional oil IS CRUDE oil."

Yes. I used the words 'conventional' and 'crude' as synonyms. Re-read what I wrote and substitute your favoured word 'crude' when you see me writing 'conventional' and you'll see your error.

"The wells in operation have fallen from 1400 to about
500 the last I remember."

Fracking wells - Feb2019 ....776
Fracking wells - Feb2020 ....807

If you are right that the USA fracking industry is on its last legs, why did Russia feel the need back in Feb to pull out its OPEC deals and force the price of oil down to put pressure on the US frackers. If you are right, they could have just let the industry die.

But its not dying. Its thriving.

The malthusian doomsayers of the peak oil cultists were wrong. Malthusian doomsayers are always wrong.

Irrespective, its undoubtedly a fact that oil prices are at historic lows, even before the WuFlu hit. So the whole premise of Kunstler's prognostications is invalidated.
Posted by mhaze, Tuesday, 26 May 2020 9:15:05 AM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
  1. Pages:
  2. 1
  3. 2
  4. Page 3
  5. All

About Us :: Search :: Discuss :: Feedback :: Legals :: Privacy