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    - Peak Oil 101

    Started by TDoS Nov 30, 2024, 03:43 PM

    Message path : / Planetary Material Conditions / Peak oil / Exxon Joins OPEC in Warning of Looming Oil Supply Crisis #33


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    TDoS

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    • Posts: 508
    Nov 30, 2024, 03:43 PM
    Quote from: RE on Nov 30, 2024, 03:09 PM
    Quote from: TDoS on Nov 29, 2024, 08:58 PMI am not a suit.

    Do you wear a suit when you go to work?  If you do, you're a SUIT. 
    I love your definition. I accept it. The last time I wore a suit was about 2-1/2 years ago. One of those big presentation deals that I'm not allowed to talk about. For the same reason I recommended you wear one when you pitch your big idea. Will wearing a suit for that presentation make you a "suit"? Because if it doesn't make you a "suit" by your definition, it doesn't make me one either.

    Quote from: RESince you advised me to wear a suit when I go lawyer shopping and you undoubtedly wear one yourself at any of the meetings where you do a power point with your stochastic models, I give it a high probability you meet all the criteria for being a suit.

    Except for the one I just mentioned. Prior to wearing my last suit for a business meeting, I think the last time before that would have been...ummm....slightly pre-Covid. Call it January 2020. So, if someone wears a suit twice in 4 years, does that make them a suit?

    Quote from: REFortunately I have good scanning skills and was able to skip reading the verbal diarea for the number, which is in close agreement with the expert hired by BoA.

    Who gives a shit. I don't do work to validate anyone else's work unless someone pays me to. Or asks nicely.  ;D Oh yeah, and what was their estimate of uncertainty around the number they provided?  8)

    Quote from: RESo now the question is, WTF are the experts being polled by Reuters and pumped by OilPrice.com? Clearly they are people trying to jawbone the price higher, since it's $10 higher than the model says is likely.
    RE

    The results as provided from my system allow for a low probability above $70.  A whiff of chance close to $80/bbl for the year.

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