crude oil is commodity. as such, prices levels/moves are governed by supply and demand. on top of that, a risk-premium can develop depending on political or military factors. the 'conspiracy' argument is so easy.
Anyone remember "peak oil" few years back
- Thread starter freewilly
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crude oil is commodity. as such, prices levels/moves are governed by supply and demand. on top of that, a risk-premium can develop depending on political or military factors. the 'conspiracy' argument is so easy.
champagne!
in 2007, Wall street made you all believe that the world is running of oil, so the crude oil price shot over $140/barrel in 2008. If you bought that theory, you were the fool, crude oil tanked to $40/barrel in 2009.
Now the wall street is telling you that we have too much oil now, despite the demand in the world remains the same in the last few years. If you buy this theory, you will be the fool again. Oil will be over $80/barrel at the year end of 2015.
supply and demand has not changed that much in last few years, and wall street is still doing the same pump and dump business.
Crude oil was $125/barrel in the July of 2014, neither supply nor demand has changed that much, but now crude oil is below $60/barrel. Do you believe it?
Now the wall street is telling you that we have too much oil now, despite the demand in the world remains the same in the last few years. If you buy this theory, you will be the fool again. Oil will be over $80/barrel at the year end of 2015.
supply and demand has not changed that much in last few years, and wall street is still doing the same pump and dump business.
Crude oil was $125/barrel in the July of 2014, neither supply nor demand has changed that much, but now crude oil is below $60/barrel. Do you believe it?
You seem misinformed.
So you know the correct spelling, but too lazy to google his name? The source is his original paper from 1956, click on Notes #7 to read it. The title might surprize you:
http://en.wikipedia.org/wiki/M._King_Hubbert
Dude, you are in the wrong thread. The topic of this thread is crude production volume, not price. Price depends on so many things, it is a completely different discussion.
But just to rehash it: Everything peaks in real life, sooner or later. You manhood, your IQ, everything. The sooner you realize that, the better (not happier, but better) you will be...
You stated his theory only applied to "crude" oil. I asked you for the source to that conclusion. You didn't provide one. Maybe its you that should read his '56 paper, because in it, he clearly is talking about "fossil fuels". Not just crude.
As A self confessed peak oil ist, who understood, the economics ie higher price = more sources and there will always be some pretty much even if it is $1mil per gallon for the mega rich to enjoy, I'm confused and didn't expect the rapid reduction in oil usage, I expected demand to be nearing max supply and supply to be falling.
For 20 years I've been saying in 20 years time and I'm still thinking 20years time.
Interesting, lets see what happens over the next few years.
Algae is the answer long term to most the worlds energy issues and everything else used by oil, so there is no long term issue
For 20 years I've been saying in 20 years time and I'm still thinking 20years time.
Interesting, lets see what happens over the next few years.
Algae is the answer long term to most the worlds energy issues and everything else used by oil, so there is no long term issue
The year is 1956. fossil fuels meant crude back then. Look up if there was any signifficant shale production back then or if the word ever comes up in the paper. Fossil fuels could also mean natural gas, but he wasn't talking particulary about that either.
But believe whatever you want, as I said already, EVERYTHING peaks, it just a matter of time. Using shales just pushes the timeline out a bit more...