Oil Prices

Tefal · 9 May 2011 at 18:04

[TW]Fox;19096091 said:
Tefal why not calm down a bit, you are acting as if I've just posted a 1000 word debunk of what you said. In reality, I asked for a source, and gave the reason why I wanted a source. I'm more than happy with the idea that peak oil hasn't happened yet or won't ever happen as its good news for everyone!

No you said Citation needed then posted your own completely uncited and wrong statement.

If you're going to be a dick and stick "citation needed" up you should try not to be hypocritical when doing it.

Cosimo · 9 May 2011 at 18:11

Tefal said:
http://www.iea.org/

Anyone can post the site link, post the figures to back up your statement if you can.

[TW]Fox · 9 May 2011 at 18:14

Tefal said:
No you said Citation needed then posted your own completely uncited and wrong statement.

I said citation needed because I was interested in your source for your comments. You then provided interesting citation. I then posted the reason why I wanted such a citation - because the IEA had stated peak oil was 2005. Thats not an uncited quote at all, the citation is right there - I am citing the IEA.

But if you want the URL, sure:

http://www.worldenergyoutlook.org/docs/weo2010/WEO2010_ES_English.pdf

As it happens my opinion is that I'm inclined to side with your feelings on this. I hope my explanation as to why I asked you for a citation has mellowed your tendancy to snap back and swear at me?

You think I was saying you were wrong - in reality, I wanted to know where your opinion came from because I found it interesting given the IEA's stance.

Tefal · 9 May 2011 at 18:16

[TW]Fox;19096286 said:
I said citation needed because I was interested in your source for your comments. You then provided interesting citation. I then posted the reason why I wanted such a citation - because the IEA had stated peak oil was 2005. Thats not an uncited quote at all, the citation is right there - I am citing the IEA.

But if you want the URL, sure:

http://www.worldenergyoutlook.org/docs/weo2010/WEO2010_ES_English.pdf

As it happens my opinion is that I'm inclined to side with your feelings on this. I hope my explanation as to why I asked you for a citation has mellowed your tendancy to snap back and swear at me?

It a wrongly cited quote as the IEA did not say that, the report you just posted shows that's not what they said too.

Maybe i was wrong but the current trend for people to just post "citation needed" when they say someone is incorrect and then never actually say why does annoy me.

Also i only "snapped" back when you said clam down, the replies took a few minutes while the bath ran, my angry replies are much longer.

but check out the graphs for that report

http://www.iea.org/weo/docs/weo2010/key_graphs.pdf

Ugh how do you copy text from that pdf?

Check the peak oil section their two estimates are 2020 and 2035

where does 2006 come from?

Cosimo · 9 May 2011 at 18:18

Tefal said:
It a wrongly cited quote as the IEA did not say that, the report you just posted shows that's not what they said too.

Still waiting for you to show your exact source.

[TW]Fox · 9 May 2011 at 18:21

It wont let me copy/paste from the report but its on page 6. It says 'crude oil output reaches an undulating plateau of around 68-69mbpd in 2020 but never regains its all-time peak of 70mbpd reached in 2006'.

Therefore the IEA is saying there that crude oil production peaked in 2006?

You must be thinking of 'Production Total' peak rather than just crude oil?

Tefal · 9 May 2011 at 18:22

simulatorman said:
Still waiting for you to show your exact source.

Right there sim, the graphs for the iea report

http://www.iea.org/weo/docs/weo2010/key_graphs.pdf

[TW]Fox · 9 May 2011 at 18:23

Tefal said:
Right there sim, the graphs for the iea report

http://www.iea.org/weo/docs/weo2010/key_graphs.pdf

That very graph shows crude oil production declining from 2006!

Even when you include fields yet to be developed *and* fields yet to be found it never goes higher than it was in 2006?

Tefal · 9 May 2011 at 18:23

[TW]Fox;19096340 said:
It wont let me copy/paste from the report but its on page 6. It says 'crude oil output reaches an undulating plateau of around 68-69mbpd in 2020 but never regains its all-time peak of 70mbpd reached in 2006'.

Therefore the IEA is saying there that crude oil production peaked in 2006?

You must be thinking of 'Production Total' peak rather than just crude oil?

in deed that's why i didn't specify just crude.

[TW]Fox · 9 May 2011 at 18:24

Tefal said:
in deed that's why i didn't specify just crude.

But this thread is a discussion about the price of BRENT CRUDE :confused:

Tefal · 9 May 2011 at 18:25

[TW]Fox;19096355 said:
That very graph shows crude oil production declining from 2006!

Even when you include fields yet to be developed *and* fields yet to be found it never goes higher than it was in 2006?

Which is why i never said crude oil specifically.

But all oil like they do.

Tefal · 9 May 2011 at 18:25

[TW]Fox;19096366 said:
But this thread is a discussion about the price of BRENT CRUDE

We hit peak oil six years ago, so deal with it.

Knives didn't seem to be talking about crude.

[TW]Fox · 9 May 2011 at 18:28

Perhaps knives would like to clarify?

Tefal · 9 May 2011 at 18:34

[TW]Fox;19096396 said:
Perhaps knives would like to clarify?

sure, but the IEA also refer to peak oil as a whole not simply crude.

maybe that's the issue, does peak oil =peak crude, or peak oil = peak of all oil?

in a more general sense i mean outside of this thread..

[TW]Fox · 9 May 2011 at 18:35

I guess it depends on the viability of 'Alternative oil'. If 1 barrel of 'Alternative oil' is just as good as a barrel of Light Sweet Crude and just as useful, then it rather changes things.

clv101 · 9 May 2011 at 19:09

[TW]Fox;19096355 said:
That very graph shows crude oil production declining from 2006!

Even when you include fields yet to be developed *and* fields yet to be found it never goes higher than it was in 2006?

Yeah, that's the IEA's oil peak in 2006 (page 7). The yet to be developed and yet to find could be described the "wedge of hope".

[TW]Fox · 9 May 2011 at 21:59

Party is over guys, put away the cheap petrol placards because it's already back to $116.

hux · 9 May 2011 at 23:57

Since when has gd turned into motors

Amp34 · 10 May 2011 at 00:12

Oil price affects just far more than cars, unfortunately the petrol brigade appear to have infiltrated this thread...

ubersonic · 10 May 2011 at 00:58

[TW]Fox;19098245 said:
Party is over guys, put away the cheap petrol placards because it's already back to $116.

I noticed this, Brent Crude Oil has risen to $115.90 per barrel however WTI oil has dropped to $101.89 per barrel, what exactly is the difference between the two :S