tag:blogger.com,1999:blog-8861605.post1014076251564446858..comments2024-02-20T13:32:06.704-05:00Comments on Resource Insights: Will the International Energy Agency's oil forecast be wrong again?Kurt Cobbhttp://www.blogger.com/profile/05330759091950742285noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-8861605.post-48120551242921675092013-05-21T11:44:53.854-04:002013-05-21T11:44:53.854-04:00Thank you so much for your superb research, analys...Thank you so much for your superb research, analysis, and eloquent writing. It enables me to provide plenty of data and sound argument to my friends who do not question the mainstream media account of our energy predicament. With much gratitude.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8861605.post-85242854470997128902013-05-21T07:43:11.723-04:002013-05-21T07:43:11.723-04:00Today, the world is using around 90 million barrel...Today, the world is using around 90 million barrels per day.<br />Cars are using 30 million barrels per day.<br /><br />Using double stack freight trains, using biomass boilers, using ships fitted with sails, using trucks powered by biogas, using recycled plastics ... , the world could save at least 30 million barrels a day without reducing car use.<br /><br />Than oil should drop down to less than $50 per barrel and OPEC should earn up to 75% less than today.<br /><br />The oil price collapse and the collapse of OPEC's earnings will be the reward.<br /><br />This energy policy would be far better than using very expensive drillings that need $90 per barrel to break even.laurentnoreply@blogger.comtag:blogger.com,1999:blog-8861605.post-76285941712790694762013-05-21T00:16:20.798-04:002013-05-21T00:16:20.798-04:00The Railroads do not buy the tank cars nor do they...The Railroads do not buy the tank cars nor do they build the terminals. At most they make some improvements to track infrastructure, which will be useful even if the Oil Boom goes bust. Compared to a pipeline using rail to move crude is like leasing a car, a little bit more money upfront, but the investment is covered after 5-6 years, versus 20 for a pipeline.JBeaulieunoreply@blogger.comtag:blogger.com,1999:blog-8861605.post-83563268094753874022013-05-20T02:41:20.679-04:002013-05-20T02:41:20.679-04:00And about shale gas and tight oil, see also Robert...And about shale gas and tight oil, see also Robert Ayres recent article published in Forbes :<br />http://www.forbes.com/sites/insead/2013/05/08/shale-oil-and-gas-the-contrarian-view/<br />And Rune Likvern studies published on the Oil Drum, for instance :<br />http://www.theoildrum.com/node/9954#comment-960153<br />yvesThttps://www.blogger.com/profile/00225964326142677776noreply@blogger.comtag:blogger.com,1999:blog-8861605.post-11227240536688453872013-05-20T02:27:45.086-04:002013-05-20T02:27:45.086-04:00The IEA is now clearly nothing more than a propaga...The IEA is now clearly nothing more than a propaganda office for the oil industry (and especially the U.S. one) and associated financial interests.<br /><br />In a way there is nothing new in this, see Lionel Badal study around the 1998 report :<br /><br />http://petrole.blog.lemonde.fr/how-the-global-oil-watchdog-failed-its-mission/<br /><br />But it clearly accelerated in line with the Maugeri and WOE 2012 reports.<br /><br />And also with Maria van der Hoeven becoming IEA executive director end 2011, and now being the one delivering the "information".yvesThttps://www.blogger.com/profile/00225964326142677776noreply@blogger.comtag:blogger.com,1999:blog-8861605.post-86185070604899998482013-05-19T11:29:36.790-04:002013-05-19T11:29:36.790-04:00Mr. Cobb, I think that you are spot on about pipel...Mr. Cobb, I think that you are spot on about pipeline infrastructure in the Bakken; very little of the associated gas is sent to market for lack of gas gathering systems and a very large percentage of liquids transportation is now by rail, also for lack of pipelines. Producers take a big hit getting their product to market but economics are still OK. So they think.<br /><br />And that's my point: As a producer myself of conventional resources I cannot comprehend the economic parameters tight oil players work<br />under. Risking borrowed money for<br />2.8:1 total returns on investment, over 20 years is lunacy. <br /><br />Often in field development it is midstream companies that review well performance and long term probability for sustained production rates. They listen to all the hubbub from producers but ultimately act independently, in their own self interest, and decide to make large capital expenditures for pipeline infrastructure.<br /><br />In the Bakken it seems the decision was no way, Jose.<br /><br />Thank you for your good work<br />Mikenoreply@blogger.comtag:blogger.com,1999:blog-8861605.post-10815662612551646422013-05-19T10:11:44.958-04:002013-05-19T10:11:44.958-04:00Hello,
I discovered your site recently, read a lot...Hello,<br />I discovered your site recently, read a lot posts. The very good thing is that it gave me an up-to-date picture about our energy picture.<br />Thanks for that!<br />Didier, Belgium<br />didiernoreply@blogger.com