Salty, since I am on my UN Agenda theme tonight, h
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Posted On: 04/21/2018 9:19:49 PM
Salty, since I am on my UN Agenda theme tonight, how about the UN wants higher oil to make alternative energy more afforadable?
But hey, Our oil supplies are numbered. Technology to find new oil has never been better. Oil experts at another site i do say
Jett Lonestar>>>
Prior to fracking the reserve market was in terminal decline not just in the US. Matter of fact outside of new discoveries like Bahrain nearly all countries reserves have been in decline and still are. Despite talk of peak demand, it is booming and showing long term growth in no fuel segments. Bottom line to me, underinvestment currently is not enough to replace future declining reserves though. When this meets critical interception prices will spike and only the US will be able to react swiftly to supply reserves. Will look at domestic pure plays to seek strongest gains. However if the markets haven’t had substantial decline by then oil will create a massive blow. $70-100 is not unrealistic again next few years IMO but if no fracking as you asked, much much higher?"
Oakes, scientist for an oil company>>>>
"Nobody has significantly impeded hydraulic fracturing in the US and I think it’s safe to say that US production would be >50% lower without. Oil prices would b much higher if hydraulic fracturing was not done
When u say reserves, u should keep in mind that there r different types of reserves. Argentina has a very large ‘reserve’ of potentially productive natural gas and oil, however, it’s Argentina which imho is not much better than Russia when it comes to foreign capital investment risk.
VZ is the poster child of huge oil reserves that are less than worthless "
So, if fracking had not appeared we'd be in trouble. But, the fracking reserves will not last forever, and fracking is contraversial as reports say it can be harmful to ground water and is causing sinkholes.
But hey, Our oil supplies are numbered. Technology to find new oil has never been better. Oil experts at another site i do say
Jett Lonestar>>>
Prior to fracking the reserve market was in terminal decline not just in the US. Matter of fact outside of new discoveries like Bahrain nearly all countries reserves have been in decline and still are. Despite talk of peak demand, it is booming and showing long term growth in no fuel segments. Bottom line to me, underinvestment currently is not enough to replace future declining reserves though. When this meets critical interception prices will spike and only the US will be able to react swiftly to supply reserves. Will look at domestic pure plays to seek strongest gains. However if the markets haven’t had substantial decline by then oil will create a massive blow. $70-100 is not unrealistic again next few years IMO but if no fracking as you asked, much much higher?"
Oakes, scientist for an oil company>>>>
"Nobody has significantly impeded hydraulic fracturing in the US and I think it’s safe to say that US production would be >50% lower without. Oil prices would b much higher if hydraulic fracturing was not done
When u say reserves, u should keep in mind that there r different types of reserves. Argentina has a very large ‘reserve’ of potentially productive natural gas and oil, however, it’s Argentina which imho is not much better than Russia when it comes to foreign capital investment risk.
VZ is the poster child of huge oil reserves that are less than worthless "
So, if fracking had not appeared we'd be in trouble. But, the fracking reserves will not last forever, and fracking is contraversial as reports say it can be harmful to ground water and is causing sinkholes.
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