gold_medal
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perceptions_now wrote on Aug 10 th, 2012 at 12:08pm: perceptions_now wrote on Aug 8 th, 2012 at 6:34pm: gold_medal wrote on Aug 8 th, 2012 at 5:25pm: perceptions_now wrote on Aug 8 th, 2012 at 2:19pm: gold_medal wrote on Aug 8 th, 2012 at 1:00pm: perceptions_now wrote on Aug 8 th, 2012 at 12:53pm: gold_medal wrote on Aug 7 th, 2012 at 11:51pm: Honestly perceptions, its like talking to a deaf man. You simply dont hear. yes prices have risen. Amazing, isnt it! Can you possibly imagine a world in which proices actually rise? FACT. petrol prices have risen below the CPI for the last 20 years. Simpletons however who have the memory of a goldfish with the intellect to match remember only the price from last weeks discount level. SIX YEARS ago, I was paying $1.80/liter for 98 octane and now I am paying $1.58. Amazing isnt it.
it doesnt matter what anyone says to you, you are deaf dumb and blind to any new information. You will go and live in your hole pretending that oil has run out while the rest of use drive our cars fuelled by the oil fields and technology you just pretend dont exist. The same way people like you said we'd run out of fuel in 1985 and 2000.
Tar sands, shale oil... they are just words to you but there is no way you will ever change your view because you lack the capacity to learn. vast new oil fields are opening up because the price of oil on the global market is high. It is almost as if you know absolutely nothing at all about economics while quoting 'supply and demand' yet knowing nothing about beyond a year 7 understanding.
Go dig a hole and shout that the end of the world is coming. And let us just laugh. I certianly am already doing so. Longy, As I have been saying, Crude Oil Prices have gone from US$10 in the late 1990's, to nearly US$150 in 2008, then back to around US$40 in 2009 and now they are back to around US$100.
The big Oil fields such as Ghawar & Burgan in the Middle East are either at or already in their declining years & the North Sea is well into its Decline phase.
This is really basic stuff, which you continue to avoid, as being the main reason for the big Price increases - IT IS BASIC ECONOMICS IT IS SUPPLY & DEMAND!!!
As for your new Energy sources, you continue to say nothing about how to avoid those being Net Energy Sinks!
When/IF you start making some informed comments about these issues, I may consider you something other than a "Comedian". you are a stupid old fool, perceptions. It doesnt matter what anyone says to you, your tune remains the same. IM sure your car has an 8track player and had to have indicators retro-fitted. is there anythign in your head that takes note of TODAY and how things are changing. You keep talking about net energy sinks trying to pretend that you know what it means. For starters, do you think the oil companies might have a comment or two to make on that? Do you really think that they are spending billions on oil recovery that costs more to extract thatthey will recoup? If you beleive that then you really are a very silly person. Maintain your denial. dig another room in your bomb shelter. You seem incapable of acknoweldgeing that it is 2012 instead of 1985. Longy, 1) You still haven't given any informed comments on the following, despite numerous requests. "As I have been saying, Crude Oil Prices have gone from US$10 in the late 1990's, to nearly US$150 in 2008, then back to around US$40 in 2009 and now they are back to around US$100.
The big Oil fields such as Ghawar & Burgan in the Middle East are either at or already in their declining years & the North Sea is well into its Decline phase.
This is really basic stuff, which you continue to avoid, as being the main reason for the big Price increases - IT IS BASIC ECONOMICS IT IS SUPPLY & DEMAND!!!
As for your new Energy sources, you continue to say nothing about how to avoid those being Net Energy Sinks!" Could it possible be that IF you did, it would further expose your apparent lack of knowledge? 2) Have you "officially" given away the Longweekend ID? If so, would you like me to close it down, for you? Perhaps, you may "wish" to consider posting under the ID of Rip Van Winkle, given your apparent lengthy sleepovers in "Fairyland"? After all, you have just woken up, since going to sleep when Crude Oil was still plentiful and that's quite a while ago. In fact, its back in the days of "sleeping Beauty" (Ha! Ha!) & back in the days of the Exponential Growth Fairy, who (as is apparent) died some time ago, may it RIP. Btw, as has been pointed out previously, there is a spellcheck facility on this site, it really doesn't take too long Longy and it may help you appear a little better? prices of oil have risen and fallen sharply and will do so again. so what is your point? Is this breathtakingly astonishing news to anyone? Is oil the first product or service to have massive rises and falls in cost?You have still not ONCE addressed the issue of new oil fields improved technology at all just saying 'energy sinks' and thinking that is an answer. it's not. Or is it that somehow you know a great deal more than oil companies who are currently exploring and retrieiving such oil? You cannot have a discussion on peak oil if you simply and obstinately refuse to accept any changes in oil supply or technology in the last 20 years as you have done. It renders your conclusions patently absurd. So at the risk of inviting yet another repetition of your cut-and-past replies can you finally, just once, address improved technology, newly viable oil fields and *shock horror* unpredictable events that may render your deeply deeply depressive predictions invalid? Or are you going to pretend that you are the oracle and everyone else is wrong? I would find it incredible, if there was any thinking person, who is not astonished that the worlds number 1 Energy source increased by some 1500% in Price in the space of some 10 years!
At 10% average annual increase (inflation), costs would roughly double each 7 years, which means at 10% inflation Oil would have gone from $10 to let's say $27, but Oil went from $10 P/B to $147 in the space of 10 years!
But, this is not just any product, IT IS THE WORLDS PREMIER PRODUCT, IT IS WHAT LITERALLY & FACTUALLY DRIVES THE WORLD & THE WORLDS ECONOMY AND YOU DON'T FIND ANYTHING UNUSUAL ABOUT THIS?
To use one of your favorite words, you are an idiot!
Longy, No answer to a Price inflation of 1500% over 10 years, hey?Btw, just because YOU don't regard my continued answer to your new Energy sources of Tar Sands & Shale Oil, as an answer, doesn't make it so.
The fact is that your 2 new sources produce Energy at an EROEI of less than 5 to 1, whilst the older conventional Oil sources once produced an EROEI of 150 to 1 and still produce at 35 to 1. This means that the spare Energy capacity, which was once available, to achieve Productivity gains & grow a Global Economy, simply is no longer available!
However and as I have also previously said, these new sources are simply incapable of scaling up Production, to meet the increased needs of a Growing Global Population & Economy.
Nor can these new sources ever hope to garner the sort of Productions levels achieved via "Conventional" Oil, it is simply not possible! Finally, I do agree with your following comment - You cannot have a discussion on peak oil if you simply and obstinately refuse to accept any changes Which is exactly what YOU consistently do! WORK or EMPLOYMENT - a concept that eludes you as much as the idea of change does. Not ONCE have you considered that oil companies have very long term views and have expectations that the fields they have now that are only marginally viable will become far more profitable with the new technology that is still coming. Your predictions totally exclude any possiblity of changes in those numbers you repeatedly quote while clearly not understanding them.
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