US running out of storage areas for oil

[JimH52]

US running out of room to store oil price collapse next - Yahoo News

WOW! Putin is going to have to start taking out Hybrid and electric car owners to get the demand back up. I think he can do it.....

 

[Manonthestreet]

Dont worry peakoil in 10 yrs.......

 

[JimH52]

Dont worry peakoil in 10 yrs.......

Russia will be broke again by then.

 

[Manonthestreet]

And we'll find more anyway......but libs love tipping points ya know

 

[william the wie]

With the Baltic Dry Index tanking floating warehouses can keep prices up until Boston harbor thaws. When that happens the oil price will drop a lot and quickly.

 

[MisterBeale]

Dont worry peakoil in 10 yrs.......

That's what they said ten years ago.

There's no such thing as peak oil. In order for something to be a peak resource, it has to be FINITE. Oil is infinite, as Russian oil science has long ago proved.

The whole term, "fossil fuel" was brain washed into the minds of Americans by the Rockefeller foundation (think Standard Oil) through their influence on education, both K-12 and the University level. That is why our petroleum science lagged behind the Russian oil science for decades, and is only now beginning to catch up. If it hadn't been, we would have never suffered the oil shocks in the seventies, and most posters on this board, and indeed, in America, wouldn't have the brainwashed and mistaken notion that oil comes from "dinosaurs and dead trees."

What a bunch of bullocks.

 

[MisterBeale]

I also might add, that the whole lie is unraveling. The American dollar's value DEPENDS on the world believing in that lie. If they can't keep the facade of that lie up, then they need to some how convince the world to NOT burn carbon fuels, in other words, artificially inflate the value of the petrol-dollar.

Enter, the Climate Change, CO2 lie.

 

[Old Rocks]

Silly ass, there is only so much oil. And, as we use the easy to get oil, the rest becomes increasingly expensive. Peak oil does not refer to having no further oil, but to the economic point where other sources of energy are less expensive than oil, and it is replaced as an energy source. In the meantime, it will continue to be an industrial stock, but that takes far less oil.

 

[william the wie]

Silly ass, there is only so much oil. And, as we use the easy to get oil, the rest becomes increasingly expensive. Peak oil does not refer to having no further oil, but to the economic point where other sources of energy are less expensive than oil, and it is replaced as an energy source. In the meantime, it will continue to be an industrial stock, but that takes far less oil.

That explains why the real price/bbl of successful energy exploration keeps going down.