Posted on 02/12/2020 3:23:49 PM PST by bananaman22
Crude oil production in North Dakota could peak over the next five years as producers will have drilled up the core production areas and will have to move to less prolific corners of the oil patch, North Dakota’s Mineral Resources Director Lynn Helms told state lawmakers.
(Excerpt) Read more at oilprice.com ...
Glad to see we haven’t reached the peak on the peak-oil hypothesis.
PEAK OIL PEAK OIL!!!!! OMG
Good luck with that. Not too damn many charge stations in the middle of ND.
She may have to pack some extra battery cells in her underwear.
The world has been running out of oil in the next 20 years for the last 100 years.
Highway patrol officer to AOC: "I'm going to have to do a search based on a tip from someone at Free Republic. It'll only take about five minutes."
"Crossing a state line with unregistered battery cells is a felony. Chinese have been filling them with fentanyl. Usually applied to semi drivers but we now have to search everybody."
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"
Think again.
...
I did, and same thoughts come to mind.
I remember Jimmah Cahtah.
One poor, sick and confused man...
Maybe they can slant their drills towards (and under) the Canadian border and siphon off some of the socialist’s oil... /s
I’m not an expert, only been at it 32 years. At 60 bucks or less a barrel, the lady is dead on correct. If oil drops below 40, it could reduce ND and US production bigly in 2 years.
Best case is a real tech advance in secondary recovery that conventional oil fields have been operating for nearly 100 years, that works economically in rocks with 1/100th the permeability. That might have a chance to keep production flat for decades.
$80-100 a barrel oil opens up the peripheral non core lower quality properties to economically attractive development and the party is back on.
Disclaimer: not an oil price.com reader for some time, nothing there when they are right for me that I don’t already know.
https://alfinnextlevel.wordpress.com/2018/04/16/still-waiting-for-peak-oil/
The western U.S. alone contains at least 2 trillion barrels of petroleum in oil shale formations. At a current U.S. annual consumption rate of 7.2 billion barrels, that’s a 278-year supply.
Sustained $100 a barrel oil price puts the western US in the cat bird seat. There’s a trillion or more barrels in close to surface rock full of kerogen and more mature hydrocarbons, proven to be mineable and yields from retort process. We just not at the point we need to go there yet. Your waste stream ideas are less expensive, logistics the obstacle. Demand and price mandates for its future.
Maybe try Wikipedia and the formation of hydrocarbons.
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.
the creation of oil us a natural process - animals not needed - animal theory began in the 18-1900s when geo processes not understood,
I remember a snow packed minus two below May day in Ross Nd
2016, ross nd.
6 am, 26 below.
I started my Pete that is pulling a belly dump. After the air to the trailer came up I had to roll underneath the trailer axles with a hammer and pound on the brake drums to free the frozen brake pads....ping
RE: 6am and 26 below.
That is cold.
At least global warming was on the way.
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