You've spent years here arguing, essentially, the idea that (desperate) debt-based growth for the oil extraction industry is perfectly normal and sustainable. You're not fooling anyone, no matter how you shift goalposts.

In the end, it's energy that drives growth. Not labor. Not finance. Sorry.

So if energy drives growth, does increases in energy efficiency similarly drive growth?

Jevon's Paradox continues to escape you, even though we've covered it a dozen times.

It can no longer be said that you're just trying to learn as you go along here, while fronting skepticism. You absolutely refuse to even do that.

I am a strong believer in Jevon/s Paradox. I sincerely hope that automobiles don't double their efficiency, or I will be forced to drive at least twice the number of miles I currently do just to keep up.

Oh crap. Everyone who is American needs to get off their duff and drive more!

https://www.bloomberg.com/graphics/g...d-States:USD:g

Jiggs, this article is old but still true. Also, what's the problem with investors choosing to finance these supposedly unprofitable projects? They will bear the losses.

https://www.bloomberg.com/gadfly/art...mashes-records

Personally I can't wait to get an all electric vehicle in the next few years.

LOL!!!

That's the entire problem with your argument, and arguments like yours. This isn't about your own personal, short-term mitigation.

Also, electricity isn't an energy source. We've covered that, too.

It's hard to tell if you're not smart enough to understand what it means, or just being willfully obtuse. But it's telling that you assess the situation as if you're at the center of it all.

Solar is an excellent energy source. Nice rebuttal to the evidence equity holders are taking more risk on shale. Jiggs, you have no legs to stand on.

LOL.... So solar will power the world's fleet of 800 million vehicles... Please link your source. They still can't figure out how to get an ev 18-wheeler up a hill effectively.

You presented evidence? Highlight the passage, and then we can examine the context. Fraud.

Nice rebuttal to the statement by the IEA acknowledging supply crunch soon.

Projection much?

Jiggs, a cursory google search will show you 2016 was a huge year for shale exploration share issuance. I'm not doing work that you should already know. And if you doubt that the world is moving towards electric vehicles I don't know what to tell you. It won't happen overnight, but it's beginning now and gathering steam.

LOL... .When out of answers, just turn back to ponzied finance as "proof" of your abundance theory. Cool.

Learning as you go along, but choosing the wrong literature in support of your confirmation bias pretty much the whole way.

Electricity isn't an energy source, and EVs still need fossil fuels, genius. ... And, I don't doubt that it's trying to move. What I doubt is that it will ever be viable on a mass commercial scale. If you were at all paying attention to my work in this thread/forum in your attempts to troll it, you'd understand that by now. It's been made painfully clear.

This isn't about what mankind "wants" to do, and what starry-eyed innovators are forever "trying" to do. It's about what they actually CAN do. Get it yet?

LOL!!!!! .... It will need steam.

Oil production that is financed by borrowing instead of share issuance doesn't count as real oil.

Total miles driven has decreased drastically since we reached peak oil even though they have increased. We are in the worst recession ever right this very minute because of peak oil. It is just an illusion that I even have a job.

Technically, I'm not even typing this since I'm using power from solar panels on my roof instead of oil. The work I did on an excel spreadsheet also doesn't exist since it didn't use any oil.

Jeez! Brian you are missing the point, THE SOLAR and THE WIND powers require more oil than simply using oil. Energy density!

Peak oil now and forever

That's not my argument, straw man addict. If you're just gonna troll it up, you can be safely ignored.

I guess you guys as a whole have no actual response as it pertains to what I said in the previous dozen posts.

As the very least, stop being lazy and link to what you believe supports your argument regarding "share issuance for exploration," as if that means anything for an industry a record-low discovery rates... as the IEA link I provided last week asserts beyond any doubt.

Jiggs, from the late 2016 Bloomberg article above:

"That rally has led E&P companies to take advantage and continue selling new shares (this year has even included two IPOs), both to keep cutting debt and to pay for drilling in the latest hot spot, the Permian shale basin. But with oil prices mostly moving sideways since June, buyers of most of the latest issues could be waiting a while for big payoffs of their own."

this thread is good and should be saved. Move it to politards imo!

We are simply running out of oil!!! $2.20 a gallon strangles the global debt based economy!!