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    - Peak Oil

    Started by TDoS Feb 24, 2024, 04:26 PM

    Message path : / Planetary Material Conditions / Peak oil / Peak Oil #12


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    TDoS

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    • Master of Post-Gnostic Perspectives
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    Feb 24, 2024, 04:26 PM
    Quote from: K-Dog on Feb 24, 2024, 04:07 PMTell us how long the oil Bonanza will last TDOS.

    I only know of one internet poster, one specialist, and a few hints they have dropped on the internet a year or three back now, spotted in a few very particular places over the years, who has ever claimed such a thing...and what was amusing about that person's answer was that it was framed in exactly the context almost never brought up within the peak oil sphere.

    And the answer itself was completely worthless. But what it revealed was....revolutionary.

    Quote from: K-DogBerman says new wells now only produce 2/3 of what new wells produced a few years ago.  Do you think he is lying about that?

    Did he say this was absolute volumes or normalized to lateral length? Which particular formations? Did he correct for changes in drilling locations as newer wells, or perhaps older ones, turned out to have been in the Tier 1 acreage, versus the other lesser acreage as the Tier 1 became depleted? Or more Tier 1 was discovered?

    In terms of folks giving HINTS at having tackled the US shales in the right way, I have only proof of one gang releasing information showing they know far more than they usually let on, and you've never seen from Art in his professional career. The answer has nothing to do with if Art is correct or not, because absolute volumes aren't the metric...economic viability is.

    I've used this article before as a reference for a reason. Because no one else cuts these loose. Don't know if it is because folks like Art can't, or won't, or the others that make them charge for the info because that's how valuable it is.

    If these folks have done this work for all shales in the US, they have the answer to the question you just asked. But someone who doesn't know oil in US shale formations even exists? What level of getting it wrong discredits Art's opinion K-Dog? How many 2+2=5 exercises before a source discredits every word coming out of their mouths....even if you WANT to believe it?

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