PEAK OIL BTFO

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High prices are needed to maintain fraking without bank loans
peak oil still valid
Unless you want to break the game and offer frakers negative rate loans. that's what I would do

Holy shit, is Peter Zeihan right about everything?

No worries, prices will rise when saudi fields are burning.

However, peak oil is bullshit as oil is a renewable resource.

> oil is a renewable resource.
stahp

prices don't matter

what matters is joules in vs joules out.

we are screwed since the best fields will be gone in a decade leaving slop like bitumen that requires steam and solvents to extract.

I mean he's technically right.

true, Those methods are expensive and the question is if a modern economy can run on oil prices over 100 dolla a barrel.

>thinks oil is old dinosaurs
and ppl think flat earthers are retarded

But it's still an international commodity so inbred sand niggers can continue to game our economy. It will never happen, but I'd like to see the oil market nationalized in the sense that oil exports are banned and oil prices aren't linked to the international market.

dude, have you even seen Darling in the franx?

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bow down
we will now listen to your begs for forgiveness

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major onions overdose ITT

Just kill some more dinosaurs you moron. Fuck, you amerimutts gotta dos some learnings

>What is coal oil
>what is biodiesel

>it's a wise decision to keep plundering until we hit the "bottom of the barrel"

our economy is already fracturing, it is why the wealth disparity is growing. When you can dig a hole and get a 1000:1 ratio of energy expended to energy gained you can grow and do all kind of civil engineering projects and even wage wars without worrying about not having a surplus.

when your ratio drops to 10:1 5:1 3:1 etc. suddenly it isn't about growth but efficiency, need to make sure your squeeze the last drop out of the bottle. Notice that is what most of our "progress" has been in the last few decades.

Where are the grand projects and expenditures of the past? Now everything is engineered to meet the minimum requirements. You notice China is rushing to build infrastructure like dams, cities and transit while there is still some margin, but rushing things will backfire of a portion of that.

We will rue the day we choose not to pursue new energy dense methods like nuclear instead of chasing solar and wind (which rely on net energy from petroleum to make)

THEY CANT HANDLE THE POWER

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I think the best option is to run the clock and hope for fusion or graphene geothermal to arrive in time.
might as well try

it is questionable whether biodeisel is even energy positive.

coal gasification will give us a small window but is likely not worth the overhaul of existing infrastructure.

the reality is most people won't think in energy and continue to believe in money.
they're not gonna fix it like this, our only hope(our curse, depending on your position) is fusion.

If we overthrow the Saudis (fucking easy peasy, they rely on us for just about everything), we could have cheap/free oil and bring freedom to an oppressed people, not to mention the muslims would be at our mercy, with us controlling many of their religious sites.

Saudi American puppet 2020??

I can't believe everyone is so blind to what's been happening. Of course America is now the largest oil producer, we knew it would happen eventually. So how do we exploit this fact? We buy up all the oil in the rest of the world (or take it through warfare) leaving us in a powerful position. It was so obvious for so long.

The problem with US oil production has always been exports.

Corpus Cristi is too shallow for large supertankers to dock.
Until now, smaller tankers had to be loaded alongside the dock, then brought offshore to slowly unload into large supertankers.
This is a slow, expensive and environmentally risky process.

The US Army Corps of Engineers has been asking Congress for $25m in order to dredge the port and finally allow supertankers to dock. A single supertanker loads 2m barrels of oil, at $70 a barrel that's $140m worth of cargo loaded in the first four days of operations.
Congress has refused to authorize such a project, for many years now.

When Trump was elected, the funds were finally authorized. Furthermore, the LOOP offshore terminal was reversed, and turned into an export facility instead of an import one.
Now, the first supertanker loading trials are already underway in the US Gulf.

Basically, thank Trump.

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When will oil run out in Saudi Arabia and all those rich arab states? I want those dumb donkeyfucker oil countries to crash back to the stone age

Hmm, remember the "U.S is invanding the ME for the oil" back in the 90s?

Might there have been some truth to these conspiracy theories?

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see

>We buy up all the oil in the rest of the world (or take it through warfare)

Yea, and then those countries see what's happening and a leftist government "nationalizes" their oil industry. Look at Mexico and Venezuela.

You think some Mexican or Venezuelan bureaucrat developed those fields? No, some capitalist westerner did before the commies seized his work.

>When will oil run out
never

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R A R E
A
R
E

What does 1 trillion barrels of combusted oil due to the atmosphere?

Unfortunately much of that "tight oil" is produced at a loss.

>due to the
nothing

Ok, can you now pls stop invading and bombing the middle east