Peak Oil

Hutzpa

(11,461 posts)

2. I think that is a myth

Tue Dec 20, 2011, 02:27 PM

Dec 2011

a friend of mine working offshore tells me that Chevron, Exxon, Shell, BP, all have oil wells in
the Gulf of Mexico that goes above 500 million barrels a day combined, he said what they are doing instead is to pump the oil into reserve and pretend as if there is no oil just to increase the oil prices.

He also mentioned about how the oil companies have wall street lawyers that helps them with
the narrative of high oil price.

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200 billion barrels in North Dakota [View all] ConsistentLiberal Dec 2011 OP

Oh really? 4dsc Dec 2011 #1

I think that is a myth Hutzpa Dec 2011 #2

What's a myth? 4dsc Dec 2011 #3

Your assessment of peak oil IS a myth Hutzpa Dec 2011 #4

Try reading for comprehension 4dsc Dec 2011 #5

You seem to be stuck with 500 million barrels Hutzpa Dec 2011 #6

You're missing some simple facts. FBaggins Dec 2011 #7

Yes he's missing the facts and its funny 4dsc Dec 2011 #8

I wasn't going to post here today Hutzpa Dec 2011 #9

I'm not claiming anything Hutzpa Dec 2011 #10

Of course you are. FBaggins Dec 2011 #11

Did you read the article? Hutzpa Dec 2011 #12

There's nothing in that statement that's wrong... FBaggins Dec 2011 #13

I see you are disagreeing with Hutzpa Dec 2011 #14

Of course. FBaggins Dec 2011 #16

Now we're off of the per day Hutzpa Dec 2011 #17

And your argument is still wrong 4dsc Dec 2011 #19

Details, details... A-Schwarzenegger Dec 2011 #15

re: I thin it's a myth ConsistentLiberal Jan 2012 #20

Minor correction - it's (m)illion, not (b)illion. Aside than that, GliderGuider Jan 2012 #21

oil is technology 4dsc Jan 2012 #22

And at current rates of production, it will only take a century or so to extract all of it. NickB79 Dec 2011 #18