Posted: 6/23/2017 4:29:39 PM EDT
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My ass.
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Quoted:
I've seen 30 year production models for the Bakken formation in ND. Hydro. fracturing has opened up more oil reserves to the possibility of production than ever thought possible. |
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FWIW, I spent 14 years in the Oil and Gas industry in Exploration and Production.
Fact: We have more oil and natural gas than you can imagine. Centuries of it. The only issue is developing the technology we currently have to be able to recover it from a variety of deeper depths, new rock strata, and extreme oceanic depths. We will succeed at this. I SPECIFICALLY remember hearing about the Shale formations out West discovered back in the 1970s, and how much oil there was. But alas, we would never be able to extract it because........ blah, blah, blah. I will keep on cashing my mailbox money from those useless fields for a long time to come. |
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Quoted:
Love it! 
I still remember this: https://www.AR15.Com/media/mediaFiles/177445/index-237303.JPG Odd and even license plate days too. We bought a 500 gallon underground tank about that time. We filled it every couple of weeks for years It cost more but we always had gas even in hurricanes |
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Lol
Made my money from 2011-2014 Leased the mineral rights. Got me a ten gallon hat and a giant belt buckle!!! Lol 40 years ago!!!!  Tower of Power - Only So Much Oil In The Ground - (Urban Renewal - 1975) |
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Peak oil is real and I should know having worked for a major oil co 35+ years.
Attached File |
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As a side note, The Archdruid Report, which was one of the best Peak Oil blogs, has permanently closed.
The Archdruid (John Michael Greer) has started an new blog named Ecosophia (which I think means "wisdom of life"). The fact that a major Peak Oil blog has closed and a more generally focused ecology blog will replace it has absolutely nothing to do with the current fracking boom or the collapse of OPEC, I'm sure. Just a co-incidence... |
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Quoted:
We will never run out and it isn't made from dead dinosaurs. In some places, the rock is geologically young enough to be from the Mesozoic era. A lot of it, especially shale oil & gas, is a bit older. The Permian Basin is pretty young, Appalachian is old. The Utica rock I'm fracing right now is 400+ million years old. |
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Quoted:
You're right and partially right. In some places, the rock is geologically young enough to be from the Mesozoic era. A lot of it, especially shale oil & gas, is a bit older. The Permian Basin is pretty young, Appalachian is old. The Utica rock I'm fracing right now is 400+ million years old. Quoted:
Quoted:
We will never run out and it isn't made from dead dinosaurs. In some places, the rock is geologically young enough to be from the Mesozoic era. A lot of it, especially shale oil & gas, is a bit older. The Permian Basin is pretty young, Appalachian is old. The Utica rock I'm fracing right now is 400+ million years old. |
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While I'm not in the circle of folks that believe peak oil is happening anytime soon, I do however believe that if it did happen, that it would be the most plausible scenario that would lead to a true teotwawki event.. |
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Old, retired Texas oil man told me back in 1978:
" There's more oil in the ground than we'll EVER need or use. Under every oil field currently producing, there is 10 times as much HEAVY crude, and heavier tars under that. The hardest thing about the OIL business is maintaining the PRICE " He further assured me neither I nor my great grandchildren would see the end of petroleum production. |
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Quoted:
We will never run out and it isn't made from dead dinosaurs. And nobody that knows anything about crude oil ever said it came from dead dinosaurs. Nobody. But it does come from biological sources. Algae and zooplankton and ancient reefs with gazillions of tiny lifeforms are the only way to get that much biomass dead and processed and captured. |