Yes developing energy sources involves risk.
I understand some people have been "electrocuted" by energy that is in practically every home in America.
Yeah, electricity isn't an "energy source," dip****. Do better with your analogies.
Says the parrot. Polly want a cracker? Is this the best your church can send you into battle with nowadays? Did you bring a brain back with you this time?
"Energy isn't a source".....undoubtedly said with a pseudo serious voice worthy of the oil-ignorant at TOD...which priests of peak are you representing now that the eggheads tucked tail and ran, in light of how silly "terminal decline" claims look in the face of the fastest increases in US oil production in the HISTORY of the country?
yeah, cool story... Price, tho
LOL... you're so beaten, yet such an arrogant ass in defeat. I knew you'd be along with more substance-free trollness in no time. ... I need only ring the bell, and you come running.
See, dipshit, a meager 3 million bpd increase (entirely due to unsustainable shale plays) in the U.S. isn't the world game-changer you're hoping it is. You know this is true. I could tell that the last time I was here, when your response to Kopitz' presentation at Columbia Univ. was a whole lot of this juvenile tripe above. I actually kinda felt bad for you that day. Reduced to acting like a grade schooler, and ironically suggesting someone else is the religious zealot.
Kopitz obliterated your entire "no problem" platform in February, and no amount of faux technical industry jargon you spew changes the overarching data, nor helps you understand the macro-economics of dying world net energy. You're too stupid and arrogant for that, a truly dangerous combination.
I'm sorry that yet another shale reserve pipe dream got revised back down to reality recently, this time down some 95% in Calif. That must have left you snake oil frauds mighty butthurt, being so dead wrong yet again, trying to regroup after the government has to openly admit some 2/3 of previously stated reserves don't actually exist in any reasonable economic scenario. Meanwhile, Bakken wells are still down, what some 69% after the first year of production? Gosh, your pet industry needs to run ever faster and faster each year just to remain in place. Exhausting tread mill that must be. And utterly unsustainable, to anyone honest about basic arithmetic.
The shale bubble’s-a-poppin’. In 2012, the IEA forecast that oil extraction rates from US shale formations (primarily the Bakken in North Dakota and the Eagle Ford in Texas) would continue growing for many years, with America overtaking Saudia Arabia in rate of oil production by 2020 and becoming a net oil exporter by 2030.
In its new report, the IEA says US tight oil production will start to decline around 2020. One might almost think the IEA folks have been reading Post Carbon Institute’s analysis of tight oil and shale gas prospects!
www.shalebubble.org This is a welcome dose of realism, though the IEA is probably still erring on the side of optimism: our own reading of the data suggests the decline will start sooner and will probably be steep.
You're going to need to muddy the water all over again with wondrous new prose about the "imminent" technology of the future. Your last round really fell flat. Reality is catching up to your fraudulent sales pitch. See, price kinda matters. Always did. Foreign investment is drying up, and the oil majors are scaling their efforts way back. Awwww. Gonna take some Baghdad Bob-level spin to overcome the financial realities c***-slapping your story in the face lately.
Oil price is breaking the back of the world economy, and yet the majors need it much higher because they can't turn a profit. Peak was always about the economics of producing abundant crap oil Kinda destroys any spin you can muster, to this point.
IEA says the Party’s Over
It will require $48 trillion in investments through 2035 to meet the world’s growing energy needs, the International Energy Agency said Tuesday from Paris. IEA Executive Director Maria van der Hoeven said in a statement the reliability and sustainability of future energy supplies depends on a high level of investment. “But this won’t materialize unless there are credible policy frameworks in place as well as stable access to long-term sources of finance,” she said. “Neither of these conditions should be taken for granted.”
Do better. Much better. Meanwhile, oil price:
[youtube]YHv5jgXz9I8[/youtube]
