tag:blogger.com,1999:blog-4549873906921876935.post7068780986540519530..comments2023-12-26T19:11:34.707-04:00Comments on Net Oil Exports: Michael Lynch on Peak OilUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4549873906921876935.post-9096689405944513152009-07-10T03:43:48.712-04:002009-07-10T03:43:48.712-04:00What happen in June 2008? Did oil peak at $147 a b...What happen in June 2008? Did oil peak at $147 a barrel and a world production rate of ~74 million barrels a day? Is optimism helping the economy recover? Is optimism finding more oil? Think positive all you want...the fact is reality is neither optimistic nor pessimistic; non-renewable means it cannot regenerate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4549873906921876935.post-6621728974924543402008-03-24T18:12:00.000-04:002008-03-24T18:12:00.000-04:00From the published production data it looks like t...From the published production data it looks like the world economy can't afford $110 oil and grow consumption. <BR/><BR/>So, to go to 100mbpd the price will have to fall somewhat - but we know that at the moment oil companies only want to supply ~75mbpd even at $110 a barrel.<BR/><BR/>Does not compute! ... or am I missing something?<BR/><BR/>Xeroid.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4549873906921876935.post-76349030157961033582008-03-23T15:52:00.000-04:002008-03-23T15:52:00.000-04:00Xeroid - You are right, that is a significant weak...Xeroid - <BR/><BR/>You are right, that is a significant weakness in his argument. The massive run-up in the price over the last several years being brushed away as simply the result of speculation and geopolitics and the attempt to de-couple price and supply is a shaky postion.<BR/><BR/>-MFPadminhttps://www.blogger.com/profile/11271536508436681882noreply@blogger.comtag:blogger.com,1999:blog-4549873906921876935.post-2187775618046291812008-03-23T10:39:00.000-04:002008-03-23T10:39:00.000-04:00The difference this time is the ~1000% price rise ...The difference this time is the ~1000% price rise over a <B> TEN YEAR </B> period - this is no flash in the pan!<BR/><BR/>XeroidAnonymousnoreply@blogger.com