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Msg  420261 of 451040  at  5/23/2022 11:18:16 AM  by

Petroeng

The following message was updated on 5/23/2022 11:20:04 AM.

 In response to msg 420228 by  coolreit
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Re: Gorozen: Permanent oil crises aka peak oil: C185pilot: Sorry for

  
I think the views that David Hughes promotes are like a broken clock, but the time that they are right has still not come around.  There is phenomenal amounts of oil and gas in tighter rocks, shales, coals, and the technology is getting better at the extraction.  When you look at the number of rigs since the Oil Embargo and the oil production numbers it is amazing, with a similar trend for NG.  Technology is really doing amazing things for the productivity of these formations.  The only way to make the views of the David Hughes of the world right is to act upon those policies, which will cripple oil and gas production, and then he can say - "See I was right".  
 
Rotary Rig Count                 - Canada Image result for us oil production since 1940
 


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420292 Re: Gorozen: Permanent oil crises aka peak oil: C185pilot: Sorry for coolreit 1 5/23/2022 1:33:30 PM




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