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D-Day for Oil in 2025?

Started by RE, Feb 05, 2024, 11:27 AM

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K-Dog

#45
Peak stupidity.  Slogans now define reality uncoupled from truth of any kind.

A giant toilet flush in the Kuwait Oil Museum convinces someone that oil will last forever, and this nimrod tweet gets 63000 likes or something like this.

No doubt about it.  We should have given cows guns a long time ago.

TDoS

Quote from: RE on Feb 05, 2024, 11:27 AMOK, this is not coming from a Peak Oil nutter.  This prediction from the CEO of Occidental Petroleum.

Oil market will face supply shortage by end of 2025, Occidental CEO says

RE

So....with prices expected to continue to mitigate throughout the rest of the year...I guess we don't need to worry about CEOs of international companies and their understanding of oil anymore than we do all the peakers of old.


K-Dog

#47
QuoteVicki Hollub, chief executive of Occidental Petroleum (OXY), speaking at the CERA Week conference on Tuesday, projected U.S. oil production would peak between 2027 and 2030.

That was from March 13 2025.

Oil market will face supply shortage by end of 2025, Occidental CEO says


Was published on Feb 5 2024.  Vicki Hollub tempered her tune by March of this year.  Over the previous year, until March of this year, she learned to say that 'the sky is falling' has consequences.  I put the title in a search and went from there to see where the rabbit hole went.

And she may have had new information in March.  Information that is out of date now.

Trump certainly has changed the situation.  Trump lets the horses run.  The short term situation certainly has changed.

TDoS

#48
Quote from: K-Dog on Sep 15, 2025, 12:33 PMTrump certainly has changed the situation.  Trump lets the horses run.  The short term situation certainly has changed.

If oil prices continue their downward trend since he came into office, the horses won't be running with increased steel costs because of tariffs and less revenue available from each barrel produced.

Peak oilers were always claiming the result of peak was skyrocketing prices because they didn't understand supply/demand/price, and then global peak came along in 2018 and prices haven't approached the bad old days of 2008 at all. It isn't a surprise the topic has dried up and folks are afraid to jump back in the oil-ignorant waters.