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When will US oil production peak?
Back in 2007-2010 I spent a lot of time reading economics blogs. Then I stopped. Now I've started again. I don't really know why, other than a growing anxiety over the global economy.
Anyway, here is one thing I saw. This article describes a study that concludes US unconventional oil production will peak around 2020 then decline rapidly. New Study Says US Fracking Boom Will Fade Quickly After 2020 | naked capitalism Thoughts? |
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12-05-2014, 03:46 PM
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Registered
Join Date: Jan 2005
Location: Houston (The Vintage), Texas
Posts: 4,523
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Hopefully after I die...
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-Tom '73 911T MFI - in process of being restored '73 911T MFI - bare bones '87 924S - Keep's the Porsche DNA in my system while the 911 is down. aka "Wolf boy" |
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12-05-2014, 04:02 PM
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canna change law physics
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Tom, you back in town?
John, it will depend on the price of oil. If it goes up, we will produce more.
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James The pessimist complains about the wind; the optimist expects it to change; the engineer adjusts the sails.- William Arthur Ward (1921-1994) Red-beard for President, 2020 |
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12-05-2014, 04:45 PM
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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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It will peak on November 2nd, 2622.
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Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
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12-05-2014, 05:10 PM
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Registered
Join Date: Aug 2000
Location: Palm Beach, Florida, USA
Posts: 7,713
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We will never hit peak oil. Markets will fluctuate but they will always respond and correct.
http://m.wsj.com/articles/peak-oil-debunked-again-1417739810?mobile=y |
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12-05-2014, 05:20 PM
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Get off my lawn!
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I remember in high school the teacher told us oil would be all gone by 2000. 14 years after that date we are awash with oil.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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12-05-2014, 06:08 PM
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Hell Belcho
Join Date: Sep 2006
Location: Oz
Posts: 9,249
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Imagine if they find oil on Mars.
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Saved by the buoyancy of citrus. |
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12-05-2014, 06:10 PM
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Just thinking out loud
Join Date: Nov 2001
Location: Close by
Posts: 6,884
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That would be awesome. A large gyrating straw! The greenies are going to be, well, I don't what they'll be, but it will be awesome!
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83 944 91 FJ80 84 Ram Charger (now gone) |
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12-05-2014, 06:21 PM
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Hell Belcho
Join Date: Sep 2006
Location: Oz
Posts: 9,249
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Wouldnt it actually make Mars green?
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Saved by the buoyancy of citrus. |
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12-05-2014, 06:26 PM
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Band.
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,314
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As evidenced by the markets lately, it's not so much about when production will peak as much as figuring out how much to produce, and when.
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12-05-2014, 06:54 PM
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Not until my royalty checks get large enough to retire on!
The article is mainly talking about natural gas production, not oil. There is concern now that with the price of oil that drilling would slow down due to the low/slower return on investment. Fracking will indeed end at some point. Hopefully the technology for extraction will be better by then. Estimates now are that they are only getting 3 - 5% of the oil.
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madmmac AKA Mitch 1984 Factory Turbo Look 2006 4Runner 1998 TRD Supercharged 4Runner (Sleeper) |
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12-05-2014, 07:27 PM
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1989 Porsche 911 Carrera 3.2
1970/1982 Porsche 914-6/911SC 2.7 RS
Carrera
