Comments on: Oil thirst ’set to outstrip supply’

By: bart

bart — Thu, 26 Nov 2009 08:11:53 +0000

More lies from the Ministry of Propaganda in order to justify an over-priced commodity.

By: Poopypants

Poopypants — Thu, 26 Nov 2009 05:00:25 +0000

Ben,

You are a very intelligent man.

Because something didn’t happen yesterday, it won’t happen tomorrow. Nice Logic.

Others,

Your ignorance is showing, maybe it’s time to understand the issues before commenting on them.

Pathetic waste of time comments.

I pity you all.

By: Oil demand to outstrip supply « checking the weather

Oil demand to outstrip supply « checking the weather — Thu, 26 Nov 2009 02:29:53 +0000

[...] Oil demand to outstrip supply By wartsttocs http://www.indenvertimes.com/oil-thirst-set-to-outstrip-supply/ [...]

By: Atheo

Atheo — Thu, 26 Nov 2009 00:31:13 +0000

Spare oil production capacity is currently at over 4 million barrels per day just counting OPEC nations.

There is no oil shortage and there is no reason to think that OPEC would fail to tap it’s reserve capacity to meet any possible increase in demand. The dubious assumption of an increase in demand is premised on the hope that an economic recovery is well under way and that growth can continue after stimulus spending is withdrawn.

I am curious as to the author’s purpose in excluding OPEC spare production capacity in his calculations. OPEC only reduced their production in response to recently declining demand, why assume that they would not reverse their target upon economic recovery?

I recommend reading an article which examines the overcapacity of the oil industry and the impending glut of supply:

Some OPEC Nations Charge Ahead Despite Slow Oil Demand
11/19/2009

“Significant challenges face OPEC next year,” Mr. Farren-Price says. “It will struggle to integrate a wave of new OPEC production capacity that vastly exceeds world demand for its crude.” Many of the projects started development well before the recession…

http://alethonews.blogspot.com/2009/11/some-opec-nations-charge-ahead-despite.html

By: Machiavelli

Machiavelli — Wed, 25 Nov 2009 23:39:16 +0000

I think we should drill drill drill. Let’s get every drop we can and use it to any excess needed for our growing economy. I’m not at all worried about children’s lungs, the worry that soil would be impacted further by acid rain rending farming impossible, nor am I worried about life on earth.

So long as we’re aware of how many fertizlied embryoes can dance on the head of a pin and so long as we have enough tax cuts for the rich — because after all they’re the ones that truly need most of the fossil fuels for their yachts and so forth — we have no worries! When most of life on the planet is underwater or dead, we can declare that predatory capitalism works! Yay!

By: Gene

Gene — Wed, 25 Nov 2009 23:05:14 +0000

Why do we continue to beat ourselves up. Just drill. It is not that hard. Drill baby drill.
Does Agelio create the title to the story? If so, why ‘thirst.’ Why not demand. Demands for a growing economy is nothing to be ashamed of. It is the energy to run a great country and the center stone for a world economy. Now that the greenies-sky-is-falling crowd is shown to be a bunch of phonies and liars, why not get with the program and develop some real energy. Drill baby drill. And Angelio, get with the program yourselves.

By: Ben

Ben — Wed, 25 Nov 2009 22:28:33 +0000

Yeah, we’ve heard the about the “oil crisis” since the 70’s and the chicken little chorus will no doubt get louder but, it never happens. So, I’m not holding my breath..

By: Phil E. Drifter

Phil E. Drifter — Wed, 25 Nov 2009 20:52:42 +0000

Excellent time to end our racist war on (some) drugs and re-legalize hemp so we can all be driving diesel engines that BOTH Henry Ford and Rudolph Diesel invented that RUN ON HEMP OIL!