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Peak oil bros on suicide watch
- New Janny in Town likes this.
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@sj_zero @Hoss @Aether SO COMPANIES INFLATE THE POTENTIAL FINDINGS TO LOOK BETTER TO INVESTORS, BUT THE ACTUAL AMOUNT OF OIL THAT WILL BE EXTRACTED DEPENDS ON HOW BADLY THEY FUCK UP AT EXTRACTION
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@sj_zero @Hoss @Aether T H E O R E T I C A L L Y
THERE'S A FUCKTON OF OIL AND NATURAL GAS VERY THINLY SPRINKLED THROUGHOUT EARTH'S CRUST
CONVENTIONAL OIL IS ANYTHING BUT, ITS A VERY RARE GEOLOGICAL FORMATION AND ACCOUNTS FOR LESS THAT ONE PERCENT OF TOTAL OIL VOLUME
PROBLEM IS HOW DO YOU SIEVE THIS THIN DISPERSION OF OIL OUT WITHOUT DESTROYING EVERYTHING ON TOP THAT GROUND
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@sj_zero @Hoss @Aether I THINK THIS HAS TO DO WITH CONVENTIONAL MAMMOTH FIELDS HAVING ALL BEEN TAPPED AROUND THE JIMMY CARTER SPEECH
CONVENTIONAL FIELDS CAN BE PROVEN AND ESTIMATED FAIRLY RELIABLY, WITH SHALE AND SAND YOU CAN COLLAPSE A PORTION OF THE POTENTIAL CLAIM IN THE PROCESS OF REALIZING IT, SO IT'S A SHROEDINGERS OIL CLOWNSHOW
AS MORE AND MORE OF THE TOTAL OIL USE COMES FROM THE "ALTERNATIVE METHODS", THE ESTIMATION OF HOW MUCH OIL IS OUT THERE BECOMES MORE AND MORE OF SCHRODINGERS OIL CLOWNSHOW
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>We're about to run out of heckin' oil chud!
>Akshully we have lotsa oil libturd!
Y'know I'm starting to think we don't really know how much oil there still is.
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To be honest, we've probably very much don't.
Takes a lot of money in order to prove a material reserve. For that reason, companies won't prove everything that they think they might have, they will claim they've got a relatively small fraction of what's probably there because in order to go to the market and claim that you have something you need to have things pretty well dialed.
As an example, many mines claim that they have 5 years of reserves, but then a lot of those mines will go out to run for 50 years. I'm reasonably confident that the same is true in oil and gas.
Aether
nugger
Hoss Delgado
sj_zero
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