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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (180739)	12/27/2013 9:25:15 AM
From: Dennis Roth	2 Recommendations Recommended By Eric evestor Read Replies (6) \| Respond to of 206175

Former BP geologist: peak oil is here and it will 'break economies' theguardian.com Industry expert warns of grim future of 'recession' driven 'resource wars' at University College London lecture --- Shell's CEO Doubts the 'Shale Revoluion.' Should You? Kurt Cobb, Resource Insights resourceinsights.blogspot.com --- When Will US Light Tight Oil (LTO) Peak? by Dennis Coyne Posted on December 16, 2013 peakoilbarrel.com --- The Peak Oil Crisis: California’s Bubble Pops December 11, 2013 5:52 PM By Tom Whipple fcnp.com --- US shale: “not a revolution but a retirement party”. December 17, 2013 jeremyleggett.net Art Berman’s latest presentation to clients of investment banks and regional geological societies: “Shale plays are not profitable at the corporate level. At the field level, they are only marginally profitable in sweet spots. U.S. production is not sustainable at present levels and the life-cycle of shale plays is more limited than many imagine. International plays will develop slowly and will encounter obstacles not seen in the U.S. and Canada. U.S. Energy Independence is delusional: production from shale has provided a few more years before supply constraint and much higher prices become reality. Shale plays are not a revolution—they are a retirement party.” ======== Berman, Whipple, Coyne, Cob, et al, they'll never change their tune.