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Lord Beria3

Joined: 25 Feb 2009 Posts: 4145 Location: Moscow Russia
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Posted: Thu Apr 12, 2018 8:26 pm Post subject: Update on Peak Oil |
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https://www.financialsense.com/perfect-energy-storm
The FS team do a great podcast on why peak oil never went away and the dynamics within the global oil market.
They cover the alleged "peak demand" story, the massive rise of US shale oil and the unreported fact that depletion rates are now 6%.
Summary: a major supply crunch is looming in 2/3 years (even if there is a recession next year which is considered likely). _________________ Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction |
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Lord Beria3

Joined: 25 Feb 2009 Posts: 4145 Location: Moscow Russia
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johnhemming2
Joined: 30 Jun 2015 Posts: 2133
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Posted: Thu Apr 26, 2018 9:16 pm Post subject: |
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This is always a useful tool for looking back
https://www.iea.org/oilmarketreport/omrpublic/
What happened just over 10 years ago was the conventional peak which was accompanied with a price spike and continual removals from stocks.
This could have started in early 2017, but I think it is too soon to tell.
I think it is extractors limits rather than geological limits that are key at the moment. |
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vtsnowedin
Joined: 07 Jan 2011 Posts: 4604 Location: New England ,Chelsea Vermont
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Posted: Fri Apr 27, 2018 2:02 am Post subject: |
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johnhemming2 wrote: |
I think it is extractors limits rather than geological limits that are key at the moment. | Was that not always the case and prediction? |
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