Massive oil shortage inbound

Oil is a renewable natural resource, it will never dry out. They will just make it "not available" for us.

truth

abiotic oil is real

As within, so without. As above, so below.

What if the earth is a living being like a human, and that its oil is its blood? In this scenario, yall are both correct, oil renews just as the blood in our bodies does...at a very slow rate. So what happens when the flow of blood out our bodies exceeds the rate at which it can replenish it?

you are all full of shit.you cant explain adibiotic.you have no comprehension of chemistry and cant link to chemical evidence.
it was made by algae millions of years ago.

Oil is on the up again not good... You may be right.. nothing makes sense, if anything there should be an oversupply due to lockdowns in Shanghai..

Yes I agree that wether it’s actually a real shortage or not is not the point as they will create an event that will dry up what’s available to the public. No oil and everything comes to a stop.

Anyone notice the amount of cryptic posts here something like "me tell you oil gets big sickness May 15"

"what’s available to the public"

The meat isn't scarce. The lumber isn't scarce. The liquid fuel to run the farms and the trucks is. Well...liquid fuel isn't "scarce" per se. It has become too expensive to extract and bring to market for most people to afford. In a capitalistic monetary based economy built and run on liquid fuels, that just doesn't work.

So the idea is that the "liquid fuel" club needs to get smaller and smaller, so only people who can afford to pay will get the "stuff". The meat. The lumber. The transportation. The healthcare. The technology. All the energy intensive services and activities we've become accustomed to are about to become a luxury only the super wealthy have access to.

It has to do with energy. Primarily the cost (energy and monetary) of extraction. The oil based civilization is winding down. Rich folks want that lumber for their kids to be able to buy. So they're increasing the price of lumber (and anything else of value) to ensure their kids can have the fossil fuel lifestyle. But in order to do that, they have to price a segment of the population out of the market. So the product remains, it's just too expensive for most people to afford.

It costs more to find, extract, and bring to market fossil fuel than they can ask people to pay without wrecking the economy. If you find the graph (there are a few good ones) of the price energy companies can afford to pay to extract the product, and the price the consumer can afford to pay for it, those lines have now crossed.

The energy companies need more money to stay in business than the average person can afford to pay for their product. Rich folks have seen this coming for years, and it looks like they've finally decided it's time to tighten up what is available (affordable) to who.

Personal transport, and air travel are on their way out for the average person. The electric initiative will fail, and they know it. There is nothing that comes close to the energy density and convenience hydrocarbons provide. All the hype about "electrify America" is just so they can say they tried, and hopefully people will not get too riled up when they realize they no longer belong to the "single mode transport" club. Mass transit, bike, or walk for middle class very soon.

Absent a solution that I haven't seen, the "winding down" will continue. Technology is not energy. Technology REQUIRES energy. The problem is geological, and the elites know that the clock is ticking.

I've watched this coming for over 15yrs. The "shale miracle" bought us about 2 yrs. Now we're sitting back where we were around 08-09. With a lot of bankrupt shale companies and angry/broke investors. Getting back to "normal" isn't going to look at all like what people think. What we've been doing the last 150yrs or so isn't "normal". What's normal is what we are moving toward, and most people have no idea what's involved.

Natural gas is now Poland something $1,9 cubic meter that is around one liter of heating oli. Yep heating oil is now much more cheaper in Poland than natural gas. Tha meas thas anybody who can will use oil instead of natural gas.

The debate is irrelevant. The case studies where the "replenishment" took place (at least the ones I read about) was attributed to processes in the Earths core by one side, and seepage from neighboring deposits by the other side. Doesn't matter. Check the "replenishment" rate. It's negligible. Not anywhere close to quick enough to turn a legacy field that has past it's profitability threshold into a profitable deposit again within the lifetime of the person taking the measurement. Sure, oil might seep from neighboring deposits, or it might come from the creamy center of the Earth. Doesn't matter. The process is so slow compared to exponential growth (that the US economy requires) it won't change the situation we currently find ourselves confronting. Namely that it costs energy companies more to extract the product and bring it to market than the average citizen can afford to pay. (the industry as a whole, I know some smaller companies can eek out a profit from extremely small deposits with miniscule flow rates)

Israel will find a huge oil Reserve in their country and all hell will break loose

...said the goonverment™ shill who wants everyone to get used to intentionally-created shortages.

Algae, huh? That must have been some algae to have the oil it created be found at depths of 5 miles or more.

Pull the other one.

Think about in terms of this analogy:

There is a house fire (that's demand).
The fire dept show up and get to work trying to put it out.
Then the truck starts running low on water.
One of the firefighters yells "Hey!!! There's a huge pool back here with all the water we could ever need!" (that's these vast resources you speak of.
The problem is that to extract those resources requires far more energy (money) and it flows at a tiny tiny flow rate.
It'd be like if the firefighters discovered there was a fence around the pool, and the only way to get the water to the house fire is to suck up a mouthful with a drinking straw and spit it on the fire. The pool (discoveries) can be the biggest pool in the world, but because the flow rate is so slow, and it costs so much to get it to market, that fire will NEVER be put out....That's just some info to get you started. The bottom line is that "vast reserves" isn't going to help our current situation. The problem is the cost to bring the energy to market, compared to what the consumer can afford to pay without wrecking the economy. That's the dilemma.

Just cause you can find it, doesn't mean you can offer it at market at a price consumers can afford and stay in business at the same time. That's the issue.

You're not alone in your prognostication:

Less than 50%

"Saying that the Ukraine invasion is causing the current high price is mostly a convenient excuse, suggesting that the high prices will suddenly disappear if this conflict disappears. The sad truth is that depletion is causing the cost of extraction to rise. Governments of oil exporting countries also need high prices to enable high taxes on exported oil. We are increasingly experiencing a conflict between the prices that the customers can afford and the prices that those doing the extraction require."

"In early 2020, COVID lockdowns brought a 15% drop in crude oil production (considering quarterly production), most of which has not been made up. In fact, growth after the lockdowns has been slow, similar to the level of growth during the “growth slowdown” circled in Figure 6. We hear reports that the sweet spots in shale formations have largely been drilled. This leaves mostly high-cost areas left to drill."


"A person might wonder whether the current COVID lockdowns in China are partly aimed at preventing oil and other commodity prices from rising to absurd levels."

[link to oilprice.com (secure)]

regular spiked .25 cts yesterday in DFW

The reason they choose not to is because they can't make a profit striving for "more oil production and increased exploratory wells". That's why energy companies sit on all those fed leases. They're not profitable at todays prices. Not even close. Maybe one day, but their consumer base will probably be about 10% of what it is now. Cause most people can't afford to pay the price energy companies would need to turn a profit, so they can invest in future exploration and production. I'm sad to say it, but the only way for production volumes to increase is for the price at market to be considerably higher. Physics, ROI, and capitalism are pretty inelastic.

Don't be distracted by gasoline prices. The problem is SO much bigger than that. They're a symptom of the crux of the problem, but being concerned about how much it costs to scoot to starbux is completely missing the implications of not working this out IMMEDIATELY. We use 10 calories of hydrocarbon energy to have 1 calorie in the grocery. We literally spray oil on our crops to instigate volume. I don't know if you've seen the projected crop yields this year, but it's not good news, and the reason is directly tied to the cost of ammonium nitrate for fertilizer. Just like energy companies, if farmers can't turn a profit by growing a particular crop...they won't. They can't, or they'd go bankrupt trying.

Here comes the crunch.

There’s something happening with oil that’s causing these prices. We will soon see. Major oil and fuel shortages are just around the corner.

No oil is made out of peat from old wetlands millions of years ago.

Like everything, it’s a controlled demolishing of western civilization

We are not out of oil.

Biden is draining the strategic oil reserve as it is IN THE SOUTH, and civil war looms.

Oil Sands leases are profitable at 45-50 per barrel.

Oil is 100.00 per barrel.

Go pound sand.

I don’t believe it. But it doesn’t matter because they will manufacture an event that makes oil a crisis

Bump for later