Environment & Energy

NickB79

(19,276 posts) Mon Jul 13, 2020, 08:08 PM Jul 2020

Shale CEO: U.S. Has Passed Peak Oil

https://oilprice.com/Latest-Energy-News/World-News/Shale-CEO-US-Has-Passed-Peak-Oil.html

Crude oil production has already peaked in the United States, according to a leading independent oil producer in the U.S. shale patch.

Chief executive of Parsley Energy Matt Gallagher said that the peak production that the United States hit back in March—13.1 million bpd on average—represented shale’s glory days, ne’er to be repeated, according to the Financial Times.

7 replies

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Shale CEO: U.S. Has Passed Peak Oil (Original Post) NickB79 Jul 2020 OP

I feel like we've heard this before soothsayer Jul 2020 #1

Peak Oil was data driven jpak Jul 2020 #2

You're right and it is BS. El Supremo Jul 2020 #3

Peak oil was never about running out of oil NickB79 Jul 2020 #4

We'll have cheap oil again. El Supremo Jul 2020 #6

"We and the world are full of oil." You say this like it's a good thing. hunter Jul 2020 #7

That was fast. JDC Jul 2020 #5

soothsayer

(38,601 posts)

1. I feel like we've heard this before

Reply to NickB79 (Original post)

Mon Jul 13, 2020, 08:09 PM

Jul 2020

But idk

jpak

(41,760 posts)

2. Peak Oil was data driven

Reply to soothsayer (Reply #1)

Mon Jul 13, 2020, 08:16 PM

Jul 2020

The data speak again.

El Supremo

(20,365 posts)

3. You're right and it is BS.

Reply to soothsayer (Reply #1)

Mon Jul 13, 2020, 08:21 PM

Jul 2020

We and the world are full of oil. It just needs better technology and will cost more. More than solar and wind? Not for a while.

BTW, I was a petroleum explorationist for 36 years.

NickB79

(19,276 posts)

4. Peak oil was never about running out of oil

Reply to El Supremo (Reply #3)

Mon Jul 13, 2020, 09:13 PM

Jul 2020

It was about running out of CHEAP oil.

And shale oil companies have run up trillions in debt trying to make shale profitable.

El Supremo

(20,365 posts)

6. We'll have cheap oil again.

Reply to NickB79 (Reply #4)

Mon Jul 13, 2020, 09:52 PM

Jul 2020

Hell, it's cheap now. Remember when it was over $100 a barrel?

hunter

(38,337 posts)

7. "We and the world are full of oil." You say this like it's a good thing.

Reply to El Supremo (Reply #3)

Tue Jul 14, 2020, 10:07 AM

Jul 2020

Peak oil gave me hope... Now I know we will keep burning oil and gas until global warming causes this world civilization to collapse. There's plenty of fossil fuels in the ground, enough to ruin us.

Natural gas is especially dangerous because people believe that it's clean and some kind of transition fuel to an impossible solar and wind powered utopia.

Covid-19 is just a preview of things to come. I think we will look back in wonder to the days when heart disease and cancer were the leading cause of death in the U.S.A., not drug resistant pathogens, parasites, or natural disasters.

We could change that, of course, but if we can't even convince people to wear masks, social distance, and quit spreading this virus around, we are not going to convince them to quit fossil fuels.

JDC

(10,135 posts)

5. That was fast.

Reply to NickB79 (Original post)

Mon Jul 13, 2020, 09:26 PM

Jul 2020

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