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Thread: Remember When We Were Told We'd Soon Run Out of Oil?

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    Default Remember When We Were Told We'd Soon Run Out of Oil?

    The alarmist, Chicken Littles were wrong, again



    The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned.

    “The world is floating in oil, and commercial stocks on land are at a record high,” said David Hufton, head of oil brokers PVM Group.


    http://www.telegraph.co.uk/finance/o...age-sites.html

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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    Soon run out of oil?? Whoever said that??
    Religion doesn't save you, change you. heal you or set you free. Jesus does.

    "if you could lose your salvation, you would!" John Macarthur

    I promise to always post sober.

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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    http://consumerenergyalliance.org/wa...of-oil-by-now/

    The world was running out of oil; it would only be a matter of time before the price spikes to $200 per barrel or beyond, and industrial economies would come grinding to a halt. Instead, oil is at $50 and it's so damn abundant that we're at the point now where there's not even any place to put it.

    http://realmoney.thestreet.com/artic...n-fear-mongers



    The Father Of Global Warming Said America Would Run Out Of Oil By 1946

    https://stevengoddard.wordpress.com/...f-oil-by-1946/

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    Senior Member riggs's Avatar
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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    Quote Originally Posted by RWGR View Post
    The alarmist, Chicken Littles were wrong, again



    The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned.

    “The world is floating in oil, and commercial stocks on land are at a record high,” said David Hufton, head of oil brokers PVM Group.


    http://www.telegraph.co.uk/finance/o...age-sites.html
    I'm disappointed in you RW. I thought you were the supreme capitalist. The cost of building more storage facilities will drive the prices up?.....lol
    CANADA................"often imitated but never duplicated"

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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    Pffft...I'm all for cheap oil!

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    Senior Member riggs's Avatar
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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    I here ya brother. I'm riding that train till sunset.
    CANADA................"often imitated but never duplicated"

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    Senior Member Barney Rubble's Avatar
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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    i was under the impression that we had too much oil....the Americans crazy stockpiling by over fracing & this was one of the major reasons for the declining price per barrel

    BTW...we need oil to be ~$80 a barrel for it to be profitable for the big boys here in Alberta to consider future projects

    no future projects means no jobs
    this $40 a barrel is killing the patch out here & thus 2ndary industry
    If cheap oil is good...how come it hasn't been realized at the pump? I'm still paying the same as what it was when it was $100 a barrel

    JMO
    How Bout Them Cowgirls?


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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    Stupid Americans, going for foregin oil non-dependency

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    Senior Member Barney Rubble's Avatar
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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    NOPE...just over "stockpiling" ...not to mention the possible dangers of fracing


    i think Canada should be non foreign dependant as well......we should have more refineries & i do support a trans mountain or trans canada pipeline instead of keystone

    again...JMO
    How Bout Them Cowgirls?


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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    fraCKing, Barney

    You'd think a caveman would know how to spell it, especially one that works in a quarry!

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    Senior Member Barney Rubble's Avatar
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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    Well..".Barnett Shale-based blogger and activist Sharon Wilson recently set out to track down the founder of “fracking.” Wilson eventually fingered Lisa Sumi as the originator of the K-based spelling. In 2004, Sumi joined Earthworks’ Oil and Gas Accountability Project. She took on a research report about the then-relatively unrenowned method for extracting oil and natural gas.

    The documents she read about hydraulic fracturing shortened the term to “fracing.”

    “In my own head, I immediately started spelling it with a K,” she said. “It rhymed with cracking. For me it was purely grammatical.”"

    "http://fuelfix.com/blog/2011/12/23/is-it-fracking-or-fracing/"

    now...i just win
    How Bout Them Cowgirls?


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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    Should have known better than to argue with Mr. Slate's top employee


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    Senior Member Barney Rubble's Avatar
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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    that...sir...was an old pic...i've since evolved as all cavemen do....to that handsome hunter-gatherer that i am today
    How Bout Them Cowgirls?


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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    You're practically George Jetson now

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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    "The Father Of Global Warming Said America Would Run Out Of Oil By 1946"

    Imagine that!!

    Who would have thought that continued and increasing oil exploration would have found more in 70 years!!!
    Religion doesn't save you, change you. heal you or set you free. Jesus does.

    "if you could lose your salvation, you would!" John Macarthur

    I promise to always post sober.

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    Senior Member Barney Rubble's Avatar
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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    BUT...is it good to be taking so much , if not all, the oil of the ground?

    I don't have the answer but i wonder...is it not like taking all the needed fluid out between the joints in the body? Does the earth need this fluid to sustain stability? Does draining all the oil increase the possibility of more earthquakes?
    There are studies to link "fracKing" with earthquakes!
    I don't know? I'm just a caveman!
    How Bout Them Cowgirls?


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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    Quote Originally Posted by Barry Morris View Post
    "The Father Of Global Warming Said America Would Run Out Of Oil By 1946"

    Imagine that!!

    Who would have thought that continued and increasing oil exploration would have found more in 70 years!!!
    I know, you alarmists are truly a bizarre group!

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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    Quote Originally Posted by RWGR View Post
    I know, you alarmists are truly a bizarre group!
    I wish I knew how that related.

    Oh well.
    Religion doesn't save you, change you. heal you or set you free. Jesus does.

    "if you could lose your salvation, you would!" John Macarthur

    I promise to always post sober.

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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    If the context of the message was lost, I know the love associated was not.

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    Default Re: Remember When We Were Told We'd Soon Run Out of Oil?

    Quote Originally Posted by Barney Rubble View Post
    i was under the impression that we had too much oil....the Americans crazy stockpiling by over fracing & this was one of the major reasons for the declining price per barrel

    BTW...we need oil to be ~$80 a barrel for it to be profitable for the big boys here in Alberta to consider future projects

    no future projects means no jobs
    this $40 a barrel is killing the patch out here & thus 2ndary industry
    If cheap oil is good...how come it hasn't been realized at the pump? I'm still paying the same as what it was when it was $100 a barrel

    JMO
    Well, ask yourself how long it took for those reserves to fill up to such high levels?
    The real issue of the current crisis is the speculators driving up the oil price for no real reason, since there is plenty of it on the market.
    They created an artificial supply and demand chain, so they could manipulate the prices and drive them up at will to very high levels.

    Does it sound familiar to something that happened some years ago in the housing market?
    As usual, they will manage to escape accountability while everyone else will suffer for it.
    And that is the true problem of capitalism: it has become a free for all with no rules anymore.
    It is on an end course of destruction, mark my words.
    Alienware R10 3700X RTX 3080, Samsung 2443BW, Benq SW2700PT

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