Remember PEAK OIL fear mongering?

[HMFIC_BROWSIN]

B-b-b-but what about "peak oil"???

Anyone remember that fear mongering horse chit from the late 90s/early 00s?

We watched a documentary in middle school about it and had to give presentations.

Well, now it's 2020 and oil is $15/barrel.... So much for that.

[HMFIC_BROWSIN]

Two boomers wrote an article for the Scientific American and idiocy ensued...

Lmao..... Boomers

[johnnyboi123]

oil will be $100 again, maybe not soon but in the near future.

You know what drives up oil? good ole war

[ErnieMccracken]

[HMFIC_BROWSIN]

Fukin lol. Love that show.

[HMFIC_BROWSIN]

I am so jaded about oil after working for Saudi Aramco - they covered the Peak Oil stuff in our orientation...

on r/c

I guess they stand to profit the most off that lie....

[FAPhaggot]

Got to think longer scale, brah. Look past a 2-5 year price war and towards 20-50 years of exponential growth in China and India.

The Saudis trying to sell off Aramco, one of the biggest geo-political weapons in the world, says it all IMO.

[dabbmw2002]

Peak oil, coastal cities underwater by 2020, must be nice to make claims that don't pan without being held to account. Its not wonder people question these pandemic models........

[OliverHeldens]

Got to think longer scale, brah. Look past a 2-5 year price war and towards 20-50 years of exponential growth in China and India.

The Saudis trying to sell off Aramco, one of the biggest geo-political weapons in the world, says it all IMO.

China is toast. India will grow.

[FAPhaggot]

China is toast. India will grow.

We need to glass the bastards, but we haven't done it yet....

[VTheKing]

The development of fracking and higher oil prices led to shale and other heavy oil deposits becoming economically viable. At the time it wasn't a farfetched claim, and today most conventional oil reserves are in decline. Remember $100/barrel wasn't that long ago... once the economy recovers, if renewable are still not replacing oil and gas en masse prices will shoot way up as the oil supply becomes mostly high-cost.

[ErnieMccracken]

The Saudi economy is a cash-flow scam and they aren't selling anything but wolf cookies which the institutional investors sussed out in five minutes...jfl

If you could have seen the mental gymnastics in the IPO prep you'd understand!

How long until the music stops? I think they still have 30 years left to keep it rollin'.

[Burgerbuger]

The reason why US production has sky rocketed is because of shale-fracking technology. Most of our oil production is now from fracking.

Peak Oil was based on a theory in 1960s with our known reserves and the rate of new well discovery. The energy field was looking reallllll bad 15-20 years in the US with conventional oil extraction.

Oil is still a finite supply. There's a huge difference between recoverable oil, proven oil and unproven reserves and whether or not it's accurate is up in the air.

It's all about supply and demand and the cost to extract it.

[HMFIC_BROWSIN]

Update: $8/barrel.... $7 incoming

Edit: 5 min later now in $7's

[dabbmw2002]

Update: $8/barrel.... $7 incoming

Time to trade my 1500 in for a 3500 chits gonna be dope

[HMFIC_BROWSIN]

Time to trade my 1500 in for a 3500 chits gonna be dope

at this rate they will be writing you a check to fill up lmao

[BredRoller]

Update: $8/barrel.... $7 incoming

Edit: 5 min later now in $7's

Jeezus Chryst m8y

Working in O&G is always an adventure lol

[HMFIC_BROWSIN]

Jeezus Chryst m8y

Working in O&G is always an adventure lol

Absolutely mind=nuked

[Destor]

Jeezus Chryst m8y

Working in O&G is always an adventure lol

I was gearing up for a 200-person plant shutdown scope in February before that was axed

[Briisk]

Why is oil plummeting, anyone know? What does this mean? pls respond

[dupaloop3611]

Update: $8/barrel.... $7 incoming

Edit: 5 min later now in $7's

currently working at a refinery with no hazard pay and hours cut to 2 days a week, laughing my ass off lolol

[HMFIC_BROWSIN]

Why is oil plummeting, anyone know? What does this mean? pls respond

Supply is WAAAYYY greater than demand.

[dannyg1217]

Two boomers wrote an article for the Scientific American and idiocy ensued...

believe all scientists, they tell us about global warming and the deadliest virus ever known. Trust every word they say, your life depends on it.

[BredRoller]

Supply is WAAAYYY greater than demand.

Yep and this comes after supply was inflated on purpose.

It means businesses are about to be in a world of hurt and people are going to lose their jobs, globally. But at least you'll be able to fill up your pick up for $12.

[HMFIC_BROWSIN]

Now down to $5 and crashing. Can we hit zero?

[johnnyboi123]

Update: $8/barrel.... $7 incoming

Edit: 5 min later now in $7's

wtf are you looking at? It hasn't gone below $12, actually bounced a little since then.

https://www.investing.com/currencies/wti-usd

[HMFIC_BROWSIN]

Closing in on $4 as I type. Fuuuuuuuuark. Down 72% today

[BrunotheBoxer]

Remember that fuk tard that said “you can’t drill your way out of this”?

[HMFIC_BROWSIN]

wtf are you looking at? It hasn't gone below $12, actually bounced a little since then.

https://www.investing.com/currencies/wti-usd

Usoil (cfds for wti crude)

[ElixanderVild1]

Oh yeah I do remember that bullchit, amounted to absolutely nothing

I think by now man and machine are supposee to be fused as one too, remembering back to my youtube conspiracy video binge watching days