Are you talking about break even cost of production for Canadian tar sands? Some existing projects are that low, now that their CAPEX has been finished. But new projects to maintain needed growth? No way.

How high break-even costs are challenging new oilsands projects
http://business.financialpost.com/ne..._lsa=8f10-ff73

Break-even oil prices for major new projects such as Suncor Energy Inc.’s Fort Hills, Canadian Natural Resources Ltd.’s Horizon expansion and Imperial Oil Ltd.’s Kearl Phase 2 are at US$90 or more per barrel, according to a study released Thursday by Citigroup Global Markets Inc.

That's cute.

http://www.investopedia.com/terms/t/tight-market.asp

Just so your dumb ass doesn't play word games.

There's very little value in arguing with a zealot.

Regardless though, if you insist, let's start with the OP of a thread you made on peak oil:

lol

lol

How far away is 2016?

What does this even mean, crazy person? Are you actually disputing that alarming rates of U.S. fracking companies are facing bankruptcies? Do you even understand what's being discussed at this point, you circular logic savant?

Jiggs,

You don't even know what "padlocking" a well is for christs sake. There are numerous articles that have come out recently that detail wells waiting to be fracked when the price rises.

See the part when it says "Once the decline gets under way?" On a global scale, that hasn't begun yet. I don't see how what I said in those passages was wrong yet because it describes a scenario that has been bought off a half dozen years by unsustainable cheap credit and unconventional crap-grade crude.

We'll see when U.S. production growth can no longer bail out floundering world flow rates how the global economy responds. Won't we?

Jiggs,

Ok, so if all new oil discoveries are at breakeven $70-$95/barrel (the range from your link), what happens, what's the response and what make you think you're right?

LOL.... You must think it's an easy process to ramp production right back up where it left off.

Yeah, I can tell already I undoubtedly know a lot more than you about it. Your projection here is rather transparent. You've been learning as you go along on this topic for quite some time now.

Cite them. Are they by the industry themselves, begging for continued investment dollars? Even if so, are they claiming an amount "waiting" that will offset shuttered wells?

Getting unconventional production to this level has required an astronomical level of capital, false promise, and red tape. You can't just start it right back up again when the curtain rises on your flawed model.

You're talking about turning a super tanker, not a Formula 1 race car. The investment dollars will not be there, guaranteed. They've wised up.

Do the work, link your claims, or return to the sidelines. Rest assured I have unending links that say quite the opposite yours allegedly do.

The only good thing about this thread is the title. It's kind of funny to see it pop up with new posts from time to time.

Right about what aspect? The response to what?

If you're still talking about Canadian sands production, I don't see it's "growth" as essential to the equation at all. After years of high prices and devastating effects on the environment, tar sands is still floundering around at some 3M barrels per day. Big deal.

Shale is where the cornies rest their "plenty of oil" argument. No one seriously claims tar sands can get up much higher.

So what is the breakeven point for shale oil? source?

What happens when all oil has that breakeven point? why?

Yes, you are completely crazy when you see codewords.

Who gives a **** if fracking companies are filing bankruptcy when it is already shown production is increasing from 2015 to 2016?

Go read some more of your tea leaves and look into your crystal ball.

It's incredibly easy to ramp up drilling again when prices come back up. Jesus.

Energy companies are still having no problem raising money in the credit markets and/or finding buyers for new stock issuance.

I'd like to see a cite for the claim that '40% of US oil operators are bankrupt and 80% are insolvent'.

Jiggs let it go. Get out of ur basement. Go enjoy life. Have no fear. The apocalypse is not coming.

Oh, bull... sh**... What kind of drilling are you talking about? Shale from fracking? ... Is this where you vaguely allude to conventional plays and hope I don't notice? Cite your claim. Make sure you support your case that it's "incredibly easy" to ramp up unconventional, debt-riddled drilling.

Considering the bankruptcy process, and how investors are waking up to the con job people like you are promoting.. can't wait.

"It is so because I say it is so. I don't need to link my claim!!!"

Hopefully you can utilize some 2015 sources.

"Are bankrupt"... I smell a straw man coming on again.

Read what I wrote again. Slower this time.

LOL ... But then, I don't describe any "apocalypse." That would be you trolls, extrapolating my message as you deflect from the diagnosis.

Less projecting. More hard data. Thanks.

I don't think projecting means what u think it means

You actually did, in deleted posts that led to your permabanning. I wish I had the presence of mind to save screenshots, it was quite a meltdown

Sure it does. The basement... The fear... The constant allusion to Mad Max world. Allegations that are all you seem to ever have to offer. Telling.

I'm not following. Can u elaborate?

Yeah, the reason for my removal from the "safe" forum has been covered, including the PM that did it. It had absolutely nothing to do with your re-writing of forum history, liar.

I don't know about all that, but you did write a bunch of posts babbling about how industrial civilization was destined to fall into a postindustrial Stone Age in the next thirty years. The posts were also filled with name calling and you were banned shortly after. You can deny it if you like but we both know it's true.

What are the odds on a Waterworld?

What I said - liar - was the ramifications of peak oil are anyone guess, but would range from a very painful and prolonged recession all the way to global war. And while the posts may have been filled with name-calling, it was trolls like you who initiated it. We both know it's true.