28 Replies to “The Bakken Bids Ye Adieu”

  1. I guessing this twit’s book isn’t selling very well of late either:
    http://www.randomhouse.com/book/158615/why-your-world-is-about-to-get-a-whole-lot-smaller-by-jeff-rubin
    From the synopsis: “An internationally renowned energy expert has written a book essential for every American–a galvanizing account of how the rising price and diminishing availability of oil are going to radically change our lives.”
    The guy used to be the chief economist for CIBC.

  2. That’s crude humour, but refined it would be way over their well… head.
    To those that invested their lefty pension funds based on “Peak Oil”predictions,
    keep working. Here’s a place you might try.
    Corb Lund’s tribute:
    Roughest neck around
    http://www.youtube.com/watch?v=9yXzZTYjUl0

  3. I was reading about peak oil 40 years ago and how we would run out of it by 1990. Guess they dragged the BS out as long as they could. The “experts” jumped on the Global Warming band wagon and will ride that until they come up with something called climate change. (What’s that you say ?) By the time that wears off we should be back on the Global Freezing band wagon and can start all over again with fresh, brainwashed “experts”. Just too much money involved to stop this scam and not a politician in sight with the gumption to shut it down. Pity.

  4. Oh FRACK….another one bites the dust!!
    peterj…well I was assured that the world would end by 1985, butt I guess that quakking religious idiot was also wrong:-)))

  5. Peterj, I seems to recall reading about “peak oil” as well in the 1970’s and should dig up some of my environmental books from that era. I’m sure they’d be good for a laugh after over 40 years.
    What I can’t understand is how the “peak oil” people were able to keep up their delusion for so long. I recall an article from the early 1970’s dealing with the amount of methane locked up in methane clathrates and it had am impressive photograph of what appeared to be a pile of ice burning. We have only just now started to access these hydrocarbon sources. Of course, I believed the “peak oil” people back then and thus was a strong advocate for large scale nuclear power which, curiously, put me in conflict with fellow “environmentalists”. Curiously, so was my position that because we were running out of resources on earth (according to the doomsday thinking of the 1970’s) we should make an all out effort to put large numbers of people into space and start exploiting the vast resources of the solar system.
    Given the energy density of short chain hydrocarbons and their ease of use, I suspect we’ll never stop using them. In theory, we could make synthetic gasoline using nuclear reactors to provide the electricity to generate hydrogen and react that with carbon. By the time we need to worry about that problem, we’ll likely have exhausted the methane clathrates and would either have fusion power or beaming microwave power down to the earth from orbit. I’ve always believed that the only place solar cells are effective is in orbit.
    Now if only the CAGW crowd could disappear in the same way the the “peak oil” people.

  6. ‘Peak oil’ refers to that point where we’re using oil faster than we can find more to replace it. We’ve passed that point. Only idiots thought it meant we would run out of oil at the ‘peak oil’ point.

  7. Maybe we should start a “Peak Renewables” website. Oh wait, I think it’s called SDA.

  8. Another lefty junk science threat hits the bone yard of discarded hyperbolic doomsday scares. Beside it rests the Ozone crisis, nuclear winter, rain forest doomsday, AGW, fluoridation is vital for children’s health, government is good, big government is better and global government is mo better yet and the aliens are mad at us for destroying the planet and will invade shortly to stop it.

  9. That is simply not true.
    In the past few years reserve estimates have exploded far higher for both oil and NG – far outstripping our rate of usage. Depending on how one looks at it we won’t see peak oil for a century or more and with NG now so plentiful and cheap that could be two hundred years.

  10. Whether your a Communist, a Leftist, a socialist, a nonconformist or a meteorologist, someday, we will run out of oil. It`s jist the way it is!

  11. Whether you`re a Communist, a Leftist, a Socialist, a non-conformist or a meteorologist, the gist is that someday, oil will run out. It`s jist the way it is.

  12. Plainzdrifter to self:
    I must learn to correct text before hitting submit!! I must learn to be more. patient.

  13. Actually, The Oil Drum was a very informative site. A lot of the posts were fairly technical and a difficult read at times but their sources were reputable (EIA, IEA, BP). There were a few good posts that were not written for the average reader. And one of the nice things about it was that the disagreements were agreeable. There wasn’t a lot of name-calling and insults but a spirited back-and-forth debate where both sides present good information.
    And the Peak Oil theory may have been off in terms of timelines but it’s certainly not wrong in terms of the overall theory, it is a non-renewable resources regardless of how much is actually in the ground. At some point, the cost of producing oil and the EROEI it provides will become economically infeasible.

  14. Gord Tulk >
    “we won’t see peak oil for a century or more and with NG now so plentiful and cheap that could be two hundred years.”
    That’s sort of the point.
    As with Loki’s excellent post the other day “everything has a scarcity limit”.
    As does oil & gas, which is why we drill at super inflated costs further and further out on the oceans, and why we abandon entire fields that have depleted over time, both on land and coastal offshore.
    Of course we make new land discoveries occasionally, some pretty damned big ones at times, but with growing populations and economies especially India & China those resources are finite, and will deplete at some future point.
    That said, wasn’t it nice that our ancestors left us a few scraps to use along with a decently clean and mostly free society to live in?
    If oil was so damned abundant, now and in the future, why are we spending billions of dollars and thousands of lives to bomb and destroy entire counties to secure their oilfields for ourselves?

  15. Plainzdrifter >
    “Whether you`re a Communist, a Leftist, a Socialist, a non-conformist or a meteorologist, the gist is that someday, oil will run out. It`s jist the way it is.”
    I’m a hardcore fiscal conservative, social libertarian, oilfield professional who has worked in oil and gas producing countries around the world for 30 years. It has a limit.

  16. Knight 99, if you’ve worked in oil fields these 30 years, you ought to be telling us that the limits to oil production were set far less by the physical carrying capacity of the earth, which we never came close to hitting and are not likely to before the Lord returns, than by Muslim-controlled governments who saw the seas of oil they were sitting on as the perfect opportunity to extract tribute from the Christians, finance their wars with the Jews and bomb factories in the Christian world, and bring back Islam as a force in global politics.
    The Lord told us to be fruitful and multiply, fill the earth and conquer it. He wouldn’t have ordered us to do this if He wasn’t going to suffer the earth to yield sufficient bounty that all could be fed, clothed and housed, provided we were willing to work for it. Any words to the contrary come from the father of all lies.
    We don’t have a “peak oil” problem. We have a Muslim problem—the Muslims, who were unable to come up with running water by themselves, never mind the internal combustion engine, plan to reap where the Christians sow, and murder the Christians who have any objection to being robbed of their inheritance. That problem we could fix tomorrow morning if we were governed by men who feared the Lord more than Islam, much less false prophets armed with computer models that give the same answer to every question. The sooner we get on with it the better.

  17. Dick Slater >
    “you ought to be telling us that the limits to oil production were set far less…….”
    Well unfortunately for you I call it like I see it. If you want lies and popular opinions just log into WH.gov and they’ll tell ya what you want to hear.
    Yea, I’m not sure what all that other stuff you said was, but we do indeed have a Muslim problem.
    That said, my only vested interest in any of it is preserving us. Our western society and culture, I could give a rat’s ass about everyone else. I’ve lived in their countries for long enough to know what we DON’T WANT.
    So whatever your argument was exactly I’m not sure: “fill the earth and conquer it”. Who is “he” talking to, you, me, Muslims, Hindus, Jews? By filling I’m guessing you mean with bodies of people, do you really think the resources of the planet can support “filling it” with people, and what people are we talking about if we need to kill and conquer other people to achieve that goal?

  18. One residuum is that politics have prevented the construction of
    needed pipelines from the Alberta oil sands – and now shale oil is
    cheaper than tar sands oil. Current oil prices are well above
    break even for the oil sands but even so it does not augur well
    for Alberta’s financial future (which is already suffering from the
    progressive government here – the headlines in this morning’s
    Calgary Herald say that the provincial finances are “blurred” and
    continue that the leftist filth running this fine province have
    obfuscated budgetary information to the point where even the Auditor
    General finds it difficult to figure out what is going on – of
    course
    there is a big deficit, which in a prosperous province
    such as Alberta is bad enough).

  19. “At some point, the cost of producing oil and the EROEI it provides will become economically infeasible.”
    Or in the words of Homer Simpson, “In this house we obey the laws of thermodynamics!” At some future point, and no we don’t know exactly when, what oil is left in the ground will cost more energy to extract than the energy that said oil will produce. Sure we will not have “run out of oil” in an absolute, bone-dry sense, but what oil is left will do humanity no good whatsoever.
    “we won’t see peak oil for a century”
    If you’re in the 20-40 age group, think about this: a century is possibly within the lifespan of your children, most probably within that of your future grandchildren.
    Conservatives do not stick their heads in the sand and refuse to see painful truths. Conservatives see the world as it is, not how we would wish it to be. I’m not sure what Kate is driving at here, but I’d listen to the likes of Knight on this one.

  20. I.M. >
    “….and no we don’t know exactly when, what oil is left in the ground will cost more energy to extract than the energy that said oil will produce.”
    Well said and very close to the point I was trying to make.
    It is impossible to continue current economic growth especially from the third world verses exploration, drilling, producing, and refining capacities.
    Costs are rising exponentially to meet the newest technological and exploratory demands, so follows the costs to the consumers. Remember Petroleum isn’t just gas in the car; it’s nearly every product we buy and grow.
    Couple that with the incessant need for “growth” that everyone chirps on about, like we need more Wal-marts and Tim Horton’s, along with the “rescue” of billions of Third World people’s in the form of consumerism and mass mixed cultural migrations, it won’t hold forever.
    I do honestly believe that there will be a global mass culling (natural or manmade) long before we run out of oil.
    Economic, resource, and population pressures demand it. My point was, there is a limit, and we will find it sooner or later.

  21. I do honestly believe that there will be a global mass culling (natural or manmade) long before we run out of oil. Economic, resource, and population pressures demand it. My point was, there is a limit, and we will find it sooner or later.
    Exactly !!! There are limits to growth, however the relative abundance of cheap-to-extract oil has artificially extended those natural limits. The “cheap-to-extract oil” has pretty much been found. Party’s over.

  22. Not a good weak for the anti-oil crowd. The tragedy in Megantic makes the best case yet for pipelines and now this web site built on hysteria bites the dust.

  23. Dick Slater >
    Yes there is a growing Muslim problem, however didn’t your ‘Lord’ create the Muslims too?

  24. Peak Oil was another con run by the hard left in an another attempt to persuade citizens of the western countries to surrender their wealth, their sovereignty, their lives to the tender mercies of authoritarian government, run by themselves.
    Remember the motto of the left is ” by any means necessary “, and their goal is revenge against the decent, middle class society that has rejected them and their amoral worldview.
    We should never forget what their ilk did to decent people in the wake of the Russian Revolution, the French Revolution, the Chinese Revolution, the Cuban Revolution. Once they obtain power they are pitiless oppressors of any who refuse to submit to their dictate, and even those who do.
    Witness the treatment suffered by the tea party groups who dared oppose the leftist agenda of Obama by seeking their Constitutional right of assembly through 501c3s, and imagine what their fate would be if the Democrats controlled all the levers of coercive power.

  25. Couple that with the incessant need for “growth” that everyone chirps on about, like we need more Wal-marts and Tim Horton’s, along with the “rescue” of billions of Third World people’s in the form of consumerism and mass mixed cultural migrations, it won’t hold forever.
    Yup, our wealth is measured according to ‘productivity’ of baubles, and the ability to buy baubles. Pretty skewed idea of wealth.
    But all according to plan, economic control.

  26. Technology does not stand still and over the next hundred years or so we may have far less use for conventional oil. If government just stays out of the way and stops coming up with useless solutions to non existing problems we will be just fine. The foam at the mouth tree huggers associate oil with transportation only but I would like to see them live without it. Or any of us for that matter.
    http://www.ranken-energy.com/Products%20from%20Petroleum.htm

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