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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (95823)	10/24/2012 6:44:36 PM
From: dvdw©	Read Replies (2) \| Respond to of 218641

Everyone should know that the States various Oil Supervisory agencies, Departments of Natural resources and such, have no more knowledge about crude available, than you or the millions of other interested parties. There has been less than 1% of all production of oil, from below 12,000 feet. Strikingly, is that we can effectively drill with todays technology to below +35,000 feet and not suffer catastrophic failure. There was no history nor awareness, other than by a scattered few, about oil resources at depth. Instead we have a long record in monthly publications of these various Departments, making worthless claims such as Indiana,and Ohio whose respective agencies were nothing more than peak oil mouthpieces for 30 or more years. They bought all the hubert rhetoric, and there after, subscribed to the notion in most publications they printed in reports about the domains they were responsible for the following by line, "Dont Bother Looking, cause you wont find it". We know they know nothing about reserves or did they ever accurately provided information to outsiders that is not produced from within the framework of a prevailing meme....like the 40 year old peak oil production counterprogrammed as it is under the terms of RO/RS=CF. Not that it really matters mind you, there are no clawback features that would attempt to redeem agencies from the compartmental dumb and dumber matrices they support, they'll just happily go along now and wait for the next instructions.

To: Maurice Winn who wrote (95823)	10/24/2012 8:21:49 PM
From: bart13	Respond to of 218641

You missed linking my chart in the comments on Dr. Perry's blog entry. It covers a much longer period and demonstrates my point about peak (cheap) oil and the Hubbert peaks, which applied to light sweet but not heavy or shale etc. and are actual proof, even beyond the simple truths of a finite planet or how demand outrunning supply makes prices go up. Let alone how obtaining new oil now involves drilling very deep and using expensive and exotic technologies - aka peak cheap oil (not peal oil, in which I've never believed). It's quite unlikely to be different this time.