Oil jumps $3.70 a barrel due to unrest in Egypt.

[JiggsCasey]

Cool story. Now tell the forum how much oil we actually store in our SPRO.

Why? Because you don't know how to use google to find the answer for yourself? Call it 3/4's of a billion barrels, give or take.

DOE - Fossil Energy: The Strategic Petroleum Reserve Storage Sites

No, I'm fully aware of the answer. Just like all the challenges I put to YOU that you run from.

I just want him to be fully honest with the forum, himself, so he can come face-to-face with the ruse he's trying to pass off.

Here's a hint: It's a drop in the bucket, ... and only exists for short-term government function in the event of a major disruption in supply. It's not even refined product.

Who cares? Let me put it in the language peak oil cultists understand....u take out duh oils...u put itz in duh refinery....u make duh gasolineys.

Again, it's product that is almost entirely reserved for basic government function. Not Joe Sixpack. ... No doubt, you're projecting here above, attempting to dumb it down so that YOU can rationalize it to yourself.

With 50% of US transportation fuel use discretionary, you shut that down and overall US use would be, oh, 13-14 million a day. The US, being the 3rd largest oil producer in the world, has recently increased its own production to about 5.5 million/day,

Still way doown from 9.5 million in the early 1970s, but who's counting?

so the drawdown on SPR would be about 8 million/day? So the SPR is good for a couple of months of makeup from an embargo or some other supply interruption.

Reasonable for its purpose, I suppose some sort of emergency plan could extend it some amount longer, but it's not meant as a replacement for long term shortfalls. There are other solutions to that of course.

Of course there are "long term solutions"... Unfortunately, they're ones that do not return on investment very well, and will never maintain the 4-7% annual growth that capitalism is designed to run on.

A fact you've yet to counter, in your perpetual agenda to pretend ERoEI isn't relevant.

 

[Mr. H.]

Get ready for a price jump in gas this weekend. Things could get a lot worse in a hurry if the canal gets blocked. Oil at $90 a barrel is not helping the economy any and we may get to that $4 a gallon before we expected too if the whole middle east blows up.

Crude futures are trading down $3.48 as of this posting.

INO.com Markets - CRUDE OIL (NYMEX:CL) Price Charts and Quotes for Futures, Commodities, Stocks, Equities, Foreign Exchange

 

[editec]

For all the bitching that the people do about Obama and oil production and drilling, I'm informed that the amount of oil coming out of US ground is up as are the number of contracts the government has signed for companies to to drill.

 

[Mr. H.]

For all the bitching that the people do about Obama and oil production and drilling, I'm informed that the amount of oil coming out of US ground is up as are the number of contracts the government has signed for companies to to drill.

Which equates to US jobs, US energy, US economic development, and US money staying HERE and not going abroad to pay for oil. Federal, state, and local treasuries rake in billions of dollars year after year by way of taxes, royalties, and lease bonus payments.

 

[RGR]

No, I'm fully aware of the answer. Just like all the challenges I put to YOU that you run from.

Really? I'm still waiting for you to make arrangement to give me 5 barrels so I can give you 2 back in exchange, this being your genius game to get rich.

There are other solutions to that of course.

Of course there are "long term solutions"... Unfortunately, they're ones that do not return on investment very well, and will never maintain the 4-7% annual growth that capitalism is designed to run on.

Not that you know how to calculate a percentage, let alone know what to USE it for, you'll forgive me for ignoring the rest of your pseudo-parrot pretend knowledge. Annual growth happens and doesn't require more oil....for those who aren't parrots the word to look up in the dictionary is EFFICIENCY which is how the world, for example, grew quite well once Jimmy was retired, and did it all without using more oil for better than a decade. Then Americans invented SUVs to soak up all the supply Jimmy claimed was running out and here we go....economics in action all over again and Ford gives us the Exploder for cryin out loud.

Back to the Bible for you.

A fact you've yet to counter, in your perpetual agenda to pretend ERoEI isn't relevant.

You can't prove a negative. My experience in the oil industry only goes back 3+ decades. In that time no one I know, have heard of, or scientific literature I have read has ever hinted, insinuated, claimed or even pretended, that a single well, platform, reservoir or field has ever used EROEI to determine if A SINGLE DOLLAR SHOULD BE SPENT in starting the project.

Your ignorance of how the oil and gas world works is not my problem. Go back to your church and make up something which makes sense already. Find someone with a brain to make stuff up for you first, and here's a clue...try something which matters.

Of course, you could prove me wrong by activating your last claim of EROEI and start delivering those 5 barrels to me, from which I will repay you with 2. Now THAT is an EROEI ignorance which I can take advantage of! Might as well profit from peak church members, PT Barnum had you guys spotted a LONG ways off!

 

[RGR]

Get ready for a price jump in gas this weekend. Things could get a lot worse in a hurry if the canal gets blocked. Oil at $90 a barrel is not helping the economy any and we may get to that $4 a gallon before we expected too if the whole middle east blows up.

Crude futures are trading down $3.48 as of this posting.

INO.com Markets - CRUDE OIL (NYMEX:CL) Price Charts and Quotes for Futures, Commodities, Stocks, Equities, Foreign Exchange

Can't be! What with peak oil back in 2005 (or was it 2008? Or was it 2010?) obviously we must all die!! OH NOES! THE END IS NIGH!! RUN FOR THE HILLS EVERYONE! THE PEAK-RAPTURISTS HAVE SPOKEN!

 

[Trajan]

Cool story. Now tell the forum how much oil we actually store in our SPRO.

Why? Because you don't know how to use google to find the answer for yourself? Call it 3/4's of a billion barrels, give or take.

DOE - Fossil Energy: The Strategic Petroleum Reserve Storage Sites

Here's a hint: It's a drop in the bucket, ... and only exists for short-term government function in the event of a major disruption in supply. It's not even refined product.

Who cares? Let me put it in the language peak oil cultists understand....u take out duh oils...u put itz in duh refinery....u make duh gasolineys.

With 50% of US transportation fuel use discretionary, you shut that down and overall US use would be, oh, 13-14 million a day. The US, being the 3rd largest oil producer in the world, has recently increased its own production to about 5.5 million/day, so the drawdown on SPR would be about 8 million/day? So the SPR is good for a couple of months of makeup from an embargo or some other supply interruption.

Reasonable for its purpose, I suppose some sort of emergency plan could extend it some amount longer, but it's not meant as a replacement for long term shortfalls. There are other solutions to that of course.

so yes, a 40k vehicle of dubious worth is the answer, of course.

 

[RGR]

so yes, a 40k vehicle of dubious worth is the answer, of course.

Well, dubious worth is in the eye of the beholder. Electric to work, charge up, electric back, and laugh all the way past the signs at the gas station? Some might think of that as "priceless".

Myself, I am ambivalent. I like the Volt concept, and I really would like to reward GM by buying one, because I think it is a perfectly reasonable step into the electrification of American personal transport, and I wish to encourage that with my dollars.

Certainly with cheap $4/gal gasoline in the US the Volt may not seem like the solution to millions of Americans commuting problems, but lets get a fair price going, say $8/gal, and I'm betting that basic economic theory still applies, and the Volt will FLY off the showroom floors.

 

[Trajan]

so a fair price of gasoline is $8 a gallon, uhm sure okay then. lets pretend for a moment that makes sense, so how does a family making say 45k a year buy a 40k vehicle with all of pitfalls the volt presents and hey you know, people do go others places than just work...an, lets say they work 20 miles away? ....take your time...

 

[RGR]

so a fair price of gasoline is $8 a gallon, uhm sure okay then. lets pretend for a moment that makes sense, so how does a family making say 45k a year buy a 40k vehicle with all of pitfalls the volt presents and hey you know, people do go others places than just work...an, lets say they work 20 miles away? ....take your time...

For starters, no one is talking about the "pitfalls" of the Volt except the peak-religious-oilers, and it's because they can't stand the idea of disconnecting crude oil based fuels from transport.

And for seconders, doubling the price of gasoline from its current near $4/gal to $8/gal is as easily solved by driving half as much. No Volt required at all, if this family decides that a capital investment to minimize OpEx related to transport is unnecessary or unreasonable.

However, throw in the government subsidy, the price of the Volt drops to $33G's or so, which isn't all that much higher than the median car price in America nowadays, so certainly no one can pretend it is a hardship among those Americans who are already buying $30G+ cars.

Will some hypothetical family of 4 buy a $30G+ car in the first place? Probably not. But they certainly don't get to complain about fuel costs when they can afford a $21G Honda Insight, a $17G Honda Civic, a $17G Toyota Corolla, a $14G Yaris or Fiesta....rather than that F150 Daddy wants oh so bad, or the mid-size SUV mommy wants. Which get 30% less mileage.

This is America, no complaining allowed, you buy what you want and you gets to fill it up! If you buy a Volt, you get the added advantage of LAUGHING at those who are complaining about filling up their cars.

 

[JiggsCasey]

Really? I'm still waiting for you to make arrangement to give me 5 barrels so I can give you 2 back in exchange, this being your genius game to get rich.

LOL... You're such a troll. That's not really what I said at all, you perpetual fraud. You keep rolling that straw man out every time you stalk, it has become pathological for you.

Your intellectual dishonesty is showing again, "industry insider."

Not that you know how to calculate a percentage, let alone know what to USE it for, you'll forgive me for ignoring the rest of your pseudo-parrot pretend knowledge.

You've been "ignoring" most everything I've presented that you can't spin, coward. This will be no different, replete with your infantile song and dance routine about how "dumb" you feel I am.

Boooooooooooring. Anyhow <snap snap>... I'm over here! Focus, and count to 10.

Annual growth happens and doesn't require more oil....for those who aren't parrots the word to look up in the dictionary is EFFICIENCY which is how the world, for example, grew quite well once Jimmy was retired, and did it all without using more oil for better than a decade.

Ah, the classic partisan flat-earther. Blaming Carter.

Here's a newsflash: Limits to Growth wasn't wrong. You should actually read it some time, reactionary tool. It predicted a sustained plateau of global production for the first decade of the 21st century, NOT the 80s as you frauds try to spin.

Carter's crisis was man-made and temporary. Growth was still assured back then. Today's is geological and permanent. As always, you're comparing apples to oranges.

Then Americans invented SUVs to soak up all the supply Jimmy claimed was running out and here we go....economics in action all over again and Ford gives us the Exploder for cryin out loud.

It's getting so bad for you, and your tangents so short-sighted, that I'm now convinced you're nothing more than a rage-addled Archie Bunker-like crazy person.

What page of your Straussian handbook is that talking point on, exactly? The condition is far more imminent that innovation will ever solve. Get it yet?

You can't prove a negative.

And yet your argument rests on that challenge to me over and over again.

My experience in the oil industry only goes back 3+ decades.

Speaking of unfalsifiable claims. Irony much? Anyhow, even if true, who gives a shit? I contribute to a weekly international energy investment newsletter. You don't see me masturbating about it on here every time I grapple with you.

Try and stick to claims you can verify with links we can both see. Not just "trust you" on your alleged "expertise." Based on your asshole persona, I don't trust you at face value, and won't. From the half-the-story links you've provided already, I have little doubt most of your pontification here is cut-and-paste industry press release screed.

In that time no one I know, have heard of, or scientific literature I have read has ever hinted, insinuated, claimed or even pretended, that a single well, platform, reservoir or field has ever used EROEI to determine if A SINGLE DOLLAR SHOULD BE SPENT in starting the project.

LOL. ... This is a little bit like asserting that NFL players and coaches you know have never talked about ticket prices, so that doesn't ever affect their game plan. Irrelevant much?

When examining geopolitics, geostrategy, global economics, current events, sociology, decaying infrastructure or merely comparing the efficiency rates of different energy sources, it's pretty clear that ERoEI is a relevant form of measurement.

Here are some men and entities far smarter than you who use it rather prominently, including the U.S. Dept. of Energy:

So again, you're not fooling anyone with your desperate spin. Try and stay on message.

Your ignorance of how the oil and gas world works is not my problem.

No, but your own ignorance sure is your problem. You may be "wicked smart" regarding drilling techniques, but this overall subject matter is clearly too big for you.

Go back to your church and make up something which makes sense already. Find someone with a brain to make stuff up for you first, and here's a clue...try something which matters.

Yeah, you keep telling yourself that. Back here in reality, nothing I've presented has been made up, and all of it is quite verifiable, ... and if it doesn't make sense to you, I'd suggest you "edumacate" yourself a bit more on the overall subject matter before running your goofy mouth. Gas from shale is NOT the game changer you laughingly pretend it is.

Of course, you could prove me wrong by activating your last claim of EROEI and start delivering those 5 barrels to me, from which I will repay you with 2. Now THAT is an EROEI ignorance which I can take advantage of! Might as well profit from peak church members, PT Barnum had you guys spotted a LONG ways off!

I've been proving you wrong pretty much since the moment I hit send in my first response to you. You're a shill for the industry, in complete denial of the realities of global flow rates, as well as the lead time required for your wondrous "technology" silver bullets.

You're a Frank Drebbin. A "nothing to see here" fraud. But worse, you're a dick about it, which makes it especially amusing.

The dow dropped 228 yesterday. Saudi's about to light the spark we've all been waiting for... And now the Japan disaster will crush Asian markets. You're about to see just how fragile and weak the global oil machine truly is. But I'm sure you'll still be "PARROTING" the free market explanation for it all, and keep pinning the perpetual recession on some curious global socialist conspiracy. It's what you do.

Global growth is over. Oops. Unregulated capitalism can't fix this one... and you guys can't STAND that. Get over it.

 

[RGR]

Really? I'm still waiting for you to make arrangement to give me 5 barrels so I can give you 2 back in exchange, this being your genius game to get rich.

LOL... You're such a troll. That's not really what I said at all, you perpetual fraud.

Sure it's what you said, and it was amazingly stupid of you to say it, but as a parrot you obviously don't even know any better.

Look Jiggsy, I don't mind explaining things so you'll understand what a ridiculous bill of goods you're fronting for, but I'm not playing your ridiculous cut and paste games on topics you don't know anything about.

You want to discuss some aspect of peak oil, fine, pick one (obviously not the 2005 Hirsch report, but something you are familiar with) and we'll discuss it. This place isn't the mentally handicapped of your church, so don't think your elaborate strawmen, logic fallacies, manufactured, edited and censored information, and "lets scare the sheeple!" propaganda from advocacy organizations mean anything in the real world where people have this thing called a BRAIN.