Good news. Saudi's up oil production by 200k barrels a day.
16 June 2008, 06:48 PM
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Good news. Saudi's up oil production by 200k barrels a day.
So why has the price of a barrel hit another all time high? 
BBC NEWS | Business | Oil at record near $140 a barrel
BBC NEWS | Business | Oil at record near $140 a barrel
16 June 2008, 06:55 PM
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...........because as I've repeatedly explained on this forum the current oil prices have nothing whatsoever to do with supply. However as most people seem to have difficulty understanding I won't bother explaining why YET AGAIN.
16 June 2008, 06:57 PM
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16 June 2008, 06:59 PM
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So thanks for not explaining it all to us again.
16 June 2008, 07:07 PM
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Excellent! A finite resource will run out faster now and we can all bury our heads in the sand again 
16 June 2008, 07:12 PM
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There is one good thing about petrol prices increasing more! It will encourage some people to sell their gas guzzlers and buy tiny frugal cars - This will then mean that our fuel supply won't run out as quick 
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16 June 2008, 07:36 PM
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Why not try doing some reading on the subject instead of just bleating nonsense about it?
16 June 2008, 07:39 PM
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Let alone all the others that aren't exploited for mostly political reasons.
Any head burying will likely be done by your children's children and by then we'll have moved on to basing social/political control around another resource. Most likely information in my oh-so humble opinion.
16 June 2008, 07:46 PM
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16 June 2008, 07:50 PM
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That said there are some Alpha couples I know bringing up well behaved, strong, fit and intelligent children that I have a great deal of respect for so I guess never say never applies.
16 June 2008, 08:09 PM
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There are enough known oil fields to see out the lives of everyone who posts on this forum and at current/higher rates of consumption.
Let alone all the others that aren't exploited for mostly political reasons.
Any head burying will likely be done by your children's children and by then we'll have moved on to basing social/political control around another resource. Most likely information in my oh-so humble opinion.
Let alone all the others that aren't exploited for mostly political reasons.
Any head burying will likely be done by your children's children and by then we'll have moved on to basing social/political control around another resource. Most likely information in my oh-so humble opinion.
16 June 2008, 08:16 PM
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Yes if you believe what you've been told. Wasn't there a scandal a few years back with Shell over estimating their untapped reserves? Also, there may well be enough oil about to be used by my grandchildren, but I'd imagine it'd be a good deal more expensive per barrel than it is today (real terms).
You're correct about what was exposed regarding Shell's bookings a few years ago however that's really only relating to a portion of total reserves (around 25 percent at the time) and my comments are based on what I understand to be the situation in 2008. As for the price of oil in generations to come that is of course an unknown. My take on the situtation is that paradigm shifts in culture will mean oil is less important and information more so as I alluded to in my previous post.
Regarding my Alpha status, I'm a very keen elitist and am therefore glad not to be an epsilon drone like so many others.
16 June 2008, 08:27 PM
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Quite so. However, the indicators don't paint a rosy future. It's been said we've past peak oil, bourne out by an extent at the state of mature fields and the vast slowdown in finding new 'large' fields.
In any case, one day there will be serious depletion of the resource. Turning on the taps to try to lower the price for short term greed is not really the solution.
In any case, one day there will be serious depletion of the resource. Turning on the taps to try to lower the price for short term greed is not really the solution.
16 June 2008, 08:41 PM
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Real alpha males can multitask particularly if they are watching a lackluster German side being held by Austria..........
16 June 2008, 08:42 PM
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at well over $100/bbl, the price is easily high enough to make coal gasification viable, (second highest deposts of coal in the world?- continental US) as well as Canadian oil shales. These two sources combined will meet current AND future demand for HUNDREDS of years. To say we are running out of energy right now is a myth. So I guess unfortunately I am agreeing with that arrogant elitist nutter
16 June 2008, 08:45 PM
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Quite so. However, the indicators don't paint a rosy future. It's been said we've past peak oil, bourne out by an extent at the state of mature fields and the vast slowdown in finding new 'large' fields.
In any case, one day there will be serious depletion of the resource. Turning on the taps to try to lower the price for short term greed is not really the solution.
In any case, one day there will be serious depletion of the resource. Turning on the taps to try to lower the price for short term greed is not really the solution.
I'd also ask you to consider the fact that we may well be past 'peak oil' as it's currently defined but I'm confident there is still a lot more in the ground than we've taken out.
Let's consider all the fields the Americans are keeping to themselves while buying everyone else's oil. That's just scratching the surface........
16 June 2008, 08:47 PM
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16 June 2008, 09:11 PM
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16 June 2008, 09:19 PM
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What! Have Exxon last another tanker? 
Oh I get it, he's talking about the Athabasca tar fields in Canada, amongst others.
Yes, he's right, as someone who spent 12 years working at the Fawley oil rifinery and Esso's head office in Leatherhead, I'd know nothing about that.
Chalk up another "victory" to Alpha man!
Oh I get it, he's talking about the Athabasca tar fields in Canada, amongst others.
Yes, he's right, as someone who spent 12 years working at the Fawley oil rifinery and Esso's head office in Leatherhead, I'd know nothing about that.
Chalk up another "victory" to Alpha man!
16 June 2008, 09:28 PM
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16 June 2008, 09:30 PM
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What! Have Exxon last another tanker?
Oh I get it, he's talking about the Athabasca tar fields in Canada, amongst others.
Yes, he's right, as someone who spent 12 years working at the Fawley oil rifinery and Esso's head office in Leatherhead, I'd know nothing about that.
Chalk up another "victory" to Alpha man!
Oh I get it, he's talking about the Athabasca tar fields in Canada, amongst others.
Yes, he's right, as someone who spent 12 years working at the Fawley oil rifinery and Esso's head office in Leatherhead, I'd know nothing about that.
Chalk up another "victory" to Alpha man!
16 June 2008, 09:35 PM
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Out of date and obviously rather limited knowledge gained in your job at a refinery and a parochial office obviously hasn't given you much of an idea about the current spike in oil prices otherwise you wouldn't have started such a crass and ill informed thread wondering about what has produced it.
Surely there should be a , in there somewhere?
16 June 2008, 09:43 PM
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16 June 2008, 09:55 PM
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No worries on that count ATM , I despise the vile, feral, poorly educated, ill behaved, ugly and fat children I tend to see running around in countries like the UK.
That said there are some Alpha couples I know bringing up well behaved, strong, fit and intelligent children that I have a great deal of respect for so I guess never say never applies.
That said there are some Alpha couples I know bringing up well behaved, strong, fit and intelligent children that I have a great deal of respect for so I guess never say never applies.
