Peak Oil - it's actually happening this time

1. 2022-01-30 at 6:27 PM UTC

   #1
   The Self Taught Man Black Hole
   kl'
   The following users say it would be alright if the author of this post didn't die in a fire!

   • aldra, 
   • cigreting, 
   • Sudo
2. 2022-01-30 at 6:49 PM UTC

   #2
   The Self Taught Man Black Hole
   
   No high carbon coal left in Germany - at all.
3. 2022-01-30 at 6:56 PM UTC

   #3
   Nile bump
   wtf won't that mean crazy high oil prices if demand were to rebound? driving more exploration and environmental destruction in some retarded apocalypse accelerator?
   
   Or will the price of energy just become crazy high?
   
   Will Technologists save us with the invisible hand an give us all a hopeful future?
4. 2022-01-30 at 7 PM UTC

   #4
   The Self Taught Man Black Hole

   Originally posted by Nile wtf won't that mean crazy high oil prices if demand were to rebound? driving more exploration and environmental destruction in some retarded apocalypse accelerator?

   
   Yeah, oil prices are going to about $200 a barrel over the short term, and about $500 a barrel over the medium term. They're currently about $90 a barrel, but much of the cost of petrol, diesel and kerosene is tax, so that the price increase won't cause prices to simply double.
5. 2022-01-30 at 7:04 PM UTC

   #5
   The Self Taught Man Black Hole
   Consider if you will the case of Ghawar, the biggest oil field in the world.
   
   
   https://www.bloombergquint.com/business/saudi-aramco-reveals-sharp-output-drop-at-super-giant-oil-field
   
   
   
   
   The following users say it would be alright if the author of this post didn't die in a fire!

   • Sudo
6. 2022-01-30 at 7:07 PM UTC

   #6
   

   ⠀⠀⠀⠀⠀⠀ Black Hole
   
7. 2022-01-30 at 7:14 PM UTC

   #7
   The Self Taught Man Black Hole

   Originally posted by ⠀⠀⠀⠀⠀⠀

   
   "Oh but if oil prices are going to rise why hasn't the market priced that in"
   
   If the market was right I wouldn't have been able to double my money betting on higher oil prices since December.
8. 2022-02-01 at 9:02 PM UTC

   #8
   The Self Taught Man Black Hole
   
   Conventional oil (meaning old fashioned drilled for oil) vs unconventional oil (meaning things like fracked and tight oil, shale, etc). Please note the scale, and also the graph is from 2015.
   
   Unconventional oil is only 20% of the total oil production, but there are vast reserves of carbony goo and sludge on earth that can be turned into oil. They claim they can produce a barrel for around $50, which is fairly profitable if you have $100 oil. We'll see if it scales.
9. 2022-02-01 at 9:31 PM UTC

   #9
   Jiggaboo_Johnson Black Hole

   Originally posted by Donald Trump but much of the cost of petrol, diesel and kerosene is tax,

   
   Not in the US is isn't.
   
   "In Texas, gasoline and diesel fuel are subject to a 20-cent tax per gallon. In addition, the federal government imposes taxes of 18.4 cents per gallon on gasoline and 24.4 cents per gallon on diesel fuel."
10. 2022-02-01 at 10:11 PM UTC

    #10
    The Self Taught Man Black Hole

    Originally posted by Jiggaboo_Johnson Not in the US is isn't.
    
    "In Texas, gasoline and diesel fuel are subject to a 20-cent tax per gallon. In addition, the federal government imposes taxes of 18.4 cents per gallon on gasoline and 24.4 cents per gallon on diesel fuel."

    
    That's how you assholes can afford to roll around in retarded oversized vehicles.
    
    There's also taxes, royalties and levies to be paid as the stuff is getting pumped out of the ground too.
11. 2022-02-02 at 1:05 AM UTC

    #11
    

    vindicktive vinny Black Hole

    Originally posted by Donald Trump However despite the fact that now that covid is no longer so much of a thing, world oil production hasn't been able to rebound.

    
    this is mostly due to OPEC refusing to increase production tommake up for the losses they sustained during the pandemic.
    
    Aramco as you can remember, suffered major losses in 2020 and is now trying to patch up the losses.
    
    OIL IS NOT A FINITE RESOURCES. EACH DAY, MILLIONS OF BARRELS OF NEW OIL ARE FORMED IN THE EARTH'S MANTLE JUST AS OUR SKIN SHEDS MILLIONS OF OLD, DEAD SKIN CELLS.
    
    EARTH IS A LIVING THING, LIKE US. AND IT SHEDS OIP RESERVES.
12. 2022-02-02 at 1:50 AM UTC

    #12
    

    POLECAT POLECAT is a motherfucking ferret [my presentably immunised ammonification]
    someone said a week or 2 ago to invest in oil
13. 2022-02-02 at 1:55 AM UTC

    #13
    

    vindicktive vinny Black Hole

    Originally posted by POLECAT someone said a week or 2 ago to invest in oil

    
    which is why hes promoting pig oil.
    
    value tends to go up as quantity goes down.
14. 2022-02-02 at 2:08 AM UTC

    #14
    

    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
    i drunkennly spent all my stock money on crypto and it already went down the amount i bought so now i have to cut into my food money. Fuck. A. NIGGER
15. 2022-02-02 at 10:15 AM UTC

    #15
    The Self Taught Man Black Hole

    Originally posted by POLECAT someone said a week or 2 ago to invest in oil

    
    It was mid december. Oil is up 33% since then.
16. 2022-02-02 at 10:39 AM UTC

    #16
    The Self Taught Man Black Hole

    Originally posted by vindicktive vinny this is mostly due to OPEC refusing to increase production tommake up for the losses they sustained during the pandemic.
    
    Aramco as you can remember, suffered major losses in 2020 and is now trying to patch up the losses.
    
    OIL IS NOT A FINITE RESOURCES. EACH DAY, MILLIONS OF BARRELS OF NEW OIL ARE FORMED IN THE EARTH'S MANTLE JUST AS OUR SKIN SHEDS MILLIONS OF OLD, DEAD SKIN CELLS.
    
    EARTH IS A LIVING THING, LIKE US. AND IT SHEDS OIP RESERVES.

    
    Apparently all this abiogenic oil is hiding, as no one has seen it yet.
17. 2022-02-02 at 1:28 PM UTC

    #17
    Jiggaboo_Johnson Black Hole

    Originally posted by Donald Trump That's how you assholes can afford to roll around in retarded oversized vehicles.
    
    There's also taxes, royalties and levies to be paid as the stuff is getting pumped out of the ground too.

    
    Petrol isn't pumped out of the ground...
18. 2022-02-02 at 1:36 PM UTC

    #18
    The Self Taught Man Black Hole

    Originally posted by Jiggaboo_Johnson Petrol isn't pumped out of the ground…

    
    Where do you think petrol stations store it?
    
    Think.
19. 2022-02-02 at 1:52 PM UTC

    #19
    Jiggaboo_Johnson Black Hole

    Originally posted by Donald Trump Where do you think petrol stations store it?
    
    Think.

    
    You're really going with that attempted save huh...in any case pretty sure there are no taxes on storing your already purchased petrol in an underground tank.
20. 2022-02-03 at 1:43 AM UTC

    #20
    

    vindicktive vinny Black Hole

    Originally posted by Donald Trump Apparently all this abiogenic oil is hiding, as no one has seen it yet.

    
    you cant tell a human female is pregnant until like 3 months later,