Jim Rogers: Oil will hit $100

The US prez said that we have to watch what we use the gas for (conservation), and has W ever lied to us?

I don't know about you guys, but I believe him, he has such a honest and intelligent face....
 
I thought you said goodbye to ET. Anyway:

Quote from marketsurfer:


history repeats itself over and over and over again
More...

Thanks for making the point for Peak Oil. Peak Oil happened:

- in the biggest Texas oilfield
- in the whole state of Texas
- in the whole USA

Thus if history repeats itself and because the Earth surface is limited, finish the sentence:

Peak Oil will happen in the whole .... :) (sadly)

Now you guys are arguing over price (nice trade Surf by the way) , but it is not the issue here, since we are talking about VOLUME.

Sure, oilprice will FLUCTUATE because of changing demand, the strength of the dollar,etc. and other factors, but the VOLUME of extractable oil is going to DECREASE....
 
People have only been concerned with SUPPLY during this bull move in oil . . . But it would appear that the market is now concentrating on a slowing Economy and that means slowing DEMAND.

SLOWING DEMAND.
A novel concept.

:cool:
 
Quote from Landis82:



SLOWING DEMAND.
A novel concept.
More...

Oh boy. Again, Peak Oil is addressing the aviability, volume and extractibility of all oilfields on Earth.

Just because you gonna extract and use a limited source slower, that doesn't mean you are not going to run out eventually....

Since some of you are slow, think of beers. If you have 10 cartons of beer for a party (limited source, it is 3 am in PA) and people come and go during the party and keep drinking more or less, eventually the beer is still gonna be GONE, supposed they don't stop drinking!!!!
 
Quote from Pekelo:

Oh boy. Again, Peak Oil is addressing the aviability, volume and extractibility of all oilfields on Earth.

Just because you gonna extract and use a limited source slower, that doesn't mean you are not going to run out eventually....

Since some of you are slow, think of beers. If you have 10 cartons of beer for a party (limited source, it is 3 am in PA) and people come and go during the party and keep drinking more or less, eventually the beer is still gonna be GONE, supposed they don't stop drinking!!!!
More...

what difference does it make?
maybe beer is limited but alternatives for getting high are readily available.

some people are slow but people who live in glass houses shouldn't throw stones
 
Quote from just21:

http://www.theoildrum.com/story/2006/8/16/102942/337#more

Hubbert linerisation for us and norway
More...
does this acct for oil shale, canadian sands oil etc? just curious...

personally i wld prefer oil to remain fairly high - as long as it doesn't trigger unnecessarily high inflation / inflation expectations - for as long as it takes for alt. energies to become perfectly viable & directly competitive alternatives (incl infrastructure costs etc), but thats a lot of wishful thinking...
 
Quote from Pekelo:

I thought you said goodbye to ET. Anyway:



Thanks for making the point for Peak Oil. Peak Oil happened:

- in the biggest Texas oilfield
- in the whole state of Texas
- in the whole USA

Thus if history repeats itself and because the Earth surface is limited, finish the sentence:

Peak Oil will happen in the whole .... :) (sadly)

Now you guys are arguing over price (nice trade Surf by the way) , but it is not the issue here, since we are talking about VOLUME.

Sure, oilprice will FLUCTUATE because of changing demand, the strength of the dollar,etc. and other factors, but the VOLUME of extractable oil is going to DECREASE....
More...


the surf report has been temporily suspended, but i am still participating on ET.

thanks for the kind words, however i disagree with your conclusions---long before oil runs out, there will be several viable alternatives rendering the "peak oil" concept null. In addition, your beer example is not relevent, unless you have your own brewery in the basement!



surf
 
Quote from zdreg:

what difference does it make?
maybe beer is limited but alternatives for getting high are readily available.
More...

OK, so I take we finally agreed on Peak Oil. Thanks for acknowledging it...

Quote from marketsurfer:

long before oil runs out, there will be several viable alternatives rendering the "peak oil" concept null.
More...

And another one finally agreeing with me. Thank you. Again, the question wasn't about viable alternatives, but the limited characteristic of oil resources. For the last time, Peak Oil doesn't care about windmills or solar power, it says oil is going to run out quite soon.

Phew!! THIS was hard!!!
 
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