That is BS and horse caca. Things die things rot. And natural gas and oil is formed. I think if you are watching oilprice.com, that means you probably looked at it more than once or twice as I have. I visit it often...The articles and everything are always permabear and they are very much a left-wing organization. It seems counterintuitive, but that would be in the oil industry. But I almost think oilprice.com is funded by left-wingers who hate oil.
AOC can ride out there in a driverless all electric vehicle to confirm that.
This is going to happen before the earth melts away from climate change. I guess our misery will come in stages............
Not this crap again.
I have been hearing about oil hitting its peak since 1979. Seems as if we discover new sources and new ways to extract oil. Libs never seem to factor in innovation and economic incentives into their projection. This is why they thought we’d all starve to death by now, because they were factoring in food production levels from decades ago.
Good for me, I have a small % of Mineral Rights on 2 Sections that are considered mediocre and I could really use the income
(also have 20+ Cousins with the same Rights and Income needs)
Check out this article. Is states:
“The contrary view was put forth in the same journal in an article by M. A. Adelman and this author, noting past pessimism: “For many years now, nearly every forecast has been: an early peak, then in 3-5 years decline in virtually every place but the Persian Gulf.”
It is almost as if they cut and pasted this articles words and just reused it. Kind of reminds one of the global cooling, global warming, climate change “big lie” that leftists just keep on telling.
https://www.forbes.com/sites/michaellynch/2018/06/29/what-ever-happened-to-peak-oil/#3ae5978f731a
JoMa
North Dakota’s Mineral Resources Director Lynn Helms is not logical and not reasonable.
Oil is a natural renewable energy source and geologists have found more oil fields now than five years ago. God the Father knows what we need. As a result, Helms needs to relax and get with His program. The myth of “peak oil” is defeated by facts.
Wouldn’t a better name for this rag be ‘Oilpeak.com’?
Who cares if North Dakota oil becomes prohibitively expensive to extract?
There is Texas, West Virginia, Pennsylvania, Ohio and New York (if they open up) all with an abundance.
Or not
They’ll find more gas and oil.
Glad to see we haven’t reached the peak on the peak-oil hypothesis.
PEAK OIL PEAK OIL!!!!! OMG
Yes. Crude oil is the stuff that’s cheap to refine for fuel, and all known patches will run dry eventually. It won’t be the end of the world, though. Fuel will be much more expensive, and we’ll need to manufacture many things in our communities.
That’s what’s going on with the new trade deals: much good forethought. Life could be better in the future with plenty of planning, designing and building.
"Could"
Maybe they can slant their drills towards (and under) the Canadian border and siphon off some of the socialist’s oil... /s
Yep - ans back in ‘72, we had odd/even gas lines and high prices because oil was “gone”...
I guess it only lasted another 50 years or so...
BTW - there’s still snow on Kilimanjaro and Biloxi and other seaside cities ain’t under water.....and I paid $2.24 (rounded up for the .9) for premium just yesterday.