@Aether of course I'm going to be paying $1 per kwh while africans get gas for $0.10 a gallon
>We're about to run out of heckin' oil chud!
>Akshully we have lotsa oil libturd!
Y'know I'm starting to think we don't really know how much oil there still is.
>Akshully we have lotsa oil libturd!
Y'know I'm starting to think we don't really know how much oil there still is.
To be honest, we've probably very much don't.
Takes a lot of money in order to prove a material reserve. For that reason, companies won't prove everything that they think they might have, they will claim they've got a relatively small fraction of what's probably there because in order to go to the market and claim that you have something you need to have things pretty well dialed.
As an example, many mines claim that they have 5 years of reserves, but then a lot of those mines will go out to run for 50 years. I'm reasonably confident that the same is true in oil and gas.
Takes a lot of money in order to prove a material reserve. For that reason, companies won't prove everything that they think they might have, they will claim they've got a relatively small fraction of what's probably there because in order to go to the market and claim that you have something you need to have things pretty well dialed.
As an example, many mines claim that they have 5 years of reserves, but then a lot of those mines will go out to run for 50 years. I'm reasonably confident that the same is true in oil and gas.
@deprecated_ii @Aether >We'll soon live in a world with a 'staggering' excess of oil
i can solve that
i can solve that
@sj_zero @Hoss @Aether I THINK THIS HAS TO DO WITH CONVENTIONAL MAMMOTH FIELDS HAVING ALL BEEN TAPPED AROUND THE JIMMY CARTER SPEECH
CONVENTIONAL FIELDS CAN BE PROVEN AND ESTIMATED FAIRLY RELIABLY, WITH SHALE AND SAND YOU CAN COLLAPSE A PORTION OF THE POTENTIAL CLAIM IN THE PROCESS OF REALIZING IT, SO IT'S A SHROEDINGERS OIL CLOWNSHOW
AS MORE AND MORE OF THE TOTAL OIL USE COMES FROM THE "ALTERNATIVE METHODS", THE ESTIMATION OF HOW MUCH OIL IS OUT THERE BECOMES MORE AND MORE OF SCHRODINGERS OIL CLOWNSHOW
CONVENTIONAL FIELDS CAN BE PROVEN AND ESTIMATED FAIRLY RELIABLY, WITH SHALE AND SAND YOU CAN COLLAPSE A PORTION OF THE POTENTIAL CLAIM IN THE PROCESS OF REALIZING IT, SO IT'S A SHROEDINGERS OIL CLOWNSHOW
AS MORE AND MORE OF THE TOTAL OIL USE COMES FROM THE "ALTERNATIVE METHODS", THE ESTIMATION OF HOW MUCH OIL IS OUT THERE BECOMES MORE AND MORE OF SCHRODINGERS OIL CLOWNSHOW
I'd make the argument in the other direction.
Let's say that there was something that you absolutely needed to live, and I can either tell you that I have so much of it that you will never run out or that we are constantly on the verge of running out. Which one are you likely to pay more for as a customer?
Companies don't need to look fantastic to investors, they only need to look good enough to get the capital they want. As long as they can claim enough resources to last for the next few years, they can get the money that they need to build the well or whatever they need to build.
Let's say that there was something that you absolutely needed to live, and I can either tell you that I have so much of it that you will never run out or that we are constantly on the verge of running out. Which one are you likely to pay more for as a customer?
Companies don't need to look fantastic to investors, they only need to look good enough to get the capital they want. As long as they can claim enough resources to last for the next few years, they can get the money that they need to build the well or whatever they need to build.
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@sj_zero @Hoss @Aether T H E O R E T I C A L L Y
THERE'S A FUCKTON OF OIL AND NATURAL GAS VERY THINLY SPRINKLED THROUGHOUT EARTH'S CRUST
CONVENTIONAL OIL IS ANYTHING BUT, ITS A VERY RARE GEOLOGICAL FORMATION AND ACCOUNTS FOR LESS THAT ONE PERCENT OF TOTAL OIL VOLUME
PROBLEM IS HOW DO YOU SIEVE THIS THIN DISPERSION OF OIL OUT WITHOUT DESTROYING EVERYTHING ON TOP THAT GROUND
THERE'S A FUCKTON OF OIL AND NATURAL GAS VERY THINLY SPRINKLED THROUGHOUT EARTH'S CRUST
CONVENTIONAL OIL IS ANYTHING BUT, ITS A VERY RARE GEOLOGICAL FORMATION AND ACCOUNTS FOR LESS THAT ONE PERCENT OF TOTAL OIL VOLUME
PROBLEM IS HOW DO YOU SIEVE THIS THIN DISPERSION OF OIL OUT WITHOUT DESTROYING EVERYTHING ON TOP THAT GROUND
@sj_zero @Aether @Hoss FOR A CONVENTIONAL FIELD -- SURE
ALL YOU NEED IS A NODDING DONKEY AND STORAGE/TRANSPORT INFRASTRUCTURE
FOR FRACKING AND DEEP SEA YOU NEED SOME OF THE MOST EXPENSIVE MACHINES IN EXISTENCE WHICH CAN BREAK IN THE PROCESS
THERE ARE LOTS OF SHALE CLAIMS THAT ARE JUST NOT WORTH IT AT CURRENT PRICE LEVEL
THE PROCESS OF CONVINCING THE PARENT COMPANY AND INVESTORS THAT THIS ONE PARTICULAR CLAIM IS WORTH DEVELOPING -- IS CONTINGENT ON HOW MUCH POTENTIAL OIL THERE IS IN THERE
SHALE IS GAMBLING
THE TECHNOLOGY IS SOME INSANE CLOWN LOGIC WHICH COULD ONLY HAVE COME INTO EXISTENCE THROUGH DIRECT GOVERNMENT INTERVENTION
VIS A VIS
OOOO PRESIDENT CARTER DECLARED A NATIONAL EMERGENCY ABOOT GASOLINE SHORTAGES
SMART NASA SCIENTISTS QUICK DEVELOP US AN INDUSTRIAL COMPLEX TO GET THE CANADIAN SAND OILS
OR
THROUGH THE EXTREMELY LOW RATES THAT THE FED HAD BEEN KEEPING DOWN
WHICH MADE BORROWING MONEY SO CHEAP THAT INVESTING INTO ANYTHING THAT BRINGS BACK EVEN A 2% RETURN IS WORTHWHILE
THAT'S HOW WE GOT THE SHALE OIL MIRACLE AND THE MODERN INTERNET
ALL YOU NEED IS A NODDING DONKEY AND STORAGE/TRANSPORT INFRASTRUCTURE
FOR FRACKING AND DEEP SEA YOU NEED SOME OF THE MOST EXPENSIVE MACHINES IN EXISTENCE WHICH CAN BREAK IN THE PROCESS
THERE ARE LOTS OF SHALE CLAIMS THAT ARE JUST NOT WORTH IT AT CURRENT PRICE LEVEL
THE PROCESS OF CONVINCING THE PARENT COMPANY AND INVESTORS THAT THIS ONE PARTICULAR CLAIM IS WORTH DEVELOPING -- IS CONTINGENT ON HOW MUCH POTENTIAL OIL THERE IS IN THERE
SHALE IS GAMBLING
THE TECHNOLOGY IS SOME INSANE CLOWN LOGIC WHICH COULD ONLY HAVE COME INTO EXISTENCE THROUGH DIRECT GOVERNMENT INTERVENTION
VIS A VIS
OOOO PRESIDENT CARTER DECLARED A NATIONAL EMERGENCY ABOOT GASOLINE SHORTAGES
SMART NASA SCIENTISTS QUICK DEVELOP US AN INDUSTRIAL COMPLEX TO GET THE CANADIAN SAND OILS
OR
THROUGH THE EXTREMELY LOW RATES THAT THE FED HAD BEEN KEEPING DOWN
WHICH MADE BORROWING MONEY SO CHEAP THAT INVESTING INTO ANYTHING THAT BRINGS BACK EVEN A 2% RETURN IS WORTHWHILE
THAT'S HOW WE GOT THE SHALE OIL MIRACLE AND THE MODERN INTERNET
@Aether Fake news, oil will run out 10 years ago, and new ice age will begin.
Most of the loudest anti-nuclear groups are likely being funded by the petroleum industry.
still?
dude it regenerates
every time they say we are going to hit peak oil, they find way more
dude it regenerates
every time they say we are going to hit peak oil, they find way more
I don't think it regenerates, we just haven't found it all.
CO2 in the atmosphere goes into the oceans
the oceans make it into solid and liquid hydrocarbons
the hydrocarbons sink into the earth
the oceans make it into solid and liquid hydrocarbons
the hydrocarbons sink into the earth
@StaleDonut @Aether @Hoss @sj_zero THATS A GOOD IDEA
HOWEVER THE OIL POCKETS ARE SUPPORTED BY THE OIL
SO WHEN YOU START SUCKING THE OIL OUT WITH THE REALLY LONG MICKEY MOUSE BENDY STRAW, THE POCKETS WHERE OIL USED TO BE WILL COLLAPSE LOCKING OFF ACCESS TO ANY OIL POCKETS CONNECTED TO THEM
SO YOU SHOULD PUMP IN SOME SORT OF POROUS MEDIA THAT WOULD SUPPORT THE VOID BUT PERMIT OIL TO BE DISPLACED THROUGH ITSELF
SUCH AS FOR EXAMPLE A SLURRY OF SAND SUSPENDED IN WATER
HOWEVER THE OIL POCKETS ARE SUPPORTED BY THE OIL
SO WHEN YOU START SUCKING THE OIL OUT WITH THE REALLY LONG MICKEY MOUSE BENDY STRAW, THE POCKETS WHERE OIL USED TO BE WILL COLLAPSE LOCKING OFF ACCESS TO ANY OIL POCKETS CONNECTED TO THEM
SO YOU SHOULD PUMP IN SOME SORT OF POROUS MEDIA THAT WOULD SUPPORT THE VOID BUT PERMIT OIL TO BE DISPLACED THROUGH ITSELF
SUCH AS FOR EXAMPLE A SLURRY OF SAND SUSPENDED IN WATER
