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Oily Stuff

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David Archibald
David Archibald

The near symmetrical triangle on the futures projects to $160/bbl:


868 Views
Mike
Mike
Jun 11

Thanks.

donupstreamdonupstream
donupstream

Peak Oil

In a perfect world, are we at Peak Oil? No, not quite—but it's not a perfect world.


 "It means buckle your seatbelt, Dorothy, 'cause Kansas is going bye-bye."


-Cypher

506 Views
Mike
Mike
May 31

Anne, I am sorry, I accidently deleted your comment. My bad. You said that Exxon is warning America that inventory levels are very low and we should listen.

David Archibald
David Archibald

Lahererre

Apologies if this has been posted before. Jean Lahererre is a 94 year old Frenchman who updated his US oil and gas production forecast in December 2025:

Fortunately the US has plenty of coal to do the synthetic fuels thing. For a while.

490 Views

Laherrere's graph was produced by a mathematical technique called Hubbert Linearisation in which annual production is plotted against cumulative production to that date. King Hubbert used it in his prediction in 1956 that US oil production from the Lower 48 would peak in 1973, which it duly did. A very powerful technique when it works. Well before even half total reserves have been produced, it can tell you what total reserves will be.

A little levity.....

With all the heavy moments lately and nutty real life oil business shenanigans going on, maybe what we need is a laugh.


If you were an operator in the fictional world of tv and the silver screen,

which of these well control experts would you call on if you had a blowout/fire (Sorry no Chance Buckman).


A. Pinky Noonan (Dallas)

B. Angus "Mac" Macgyver (Macgyver)

C. Forrest Taft (On Deadly Ground)


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Though I only got the Professor to bite, I'll still give my pick and reasons.


It would never be Macgyver. Way toooooo much bs, like using an old fridge for shielding from the heat. No.


As for Pinky Noonan (who, like Chance Buckman, was fictitiously based on Red Adair) all he did was roll into the jobsite in a pickup truck, kiss some Ewing ass, fiddled with a detonator, and made sure to ask for his check. Didn't get remotely close to the fire.


As much as it pains me to say it, I'd have to pick Forrest Taft, sneakers, dancing naked fat eskimos, ponytail, and all to kill my well. Though I would hope to high heaven that it would bridge before he got there.

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