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Oil Slick Stuff
- Thread starter nnuut
- Start date
Buster
Well-known member
Since Mineral crude oil and it's distillates are blamed a lot for GLOBAL WARMING, then it seems appropriate that this be relevant here on "OIL SLICK STUFF"
The New Consensus: 100 Percent Of Scientists Agree That Global Warming ‘Stopped’ Or ‘Slowed Down’
by Wochit 1:08 mins
The Obama administration and environmental groups have long claimed 97 percent of scientists agree that human activity is causing the Earth to warm, but there’s a new consensus they may be less willing to acknowledge. Using the same methodology as the vaunted “97 percent” paper by researcher John Cook, two climate scientists have made a bold discovery: virtually all climate scientists agree that global warming has “stopped” or “slowed down” in recent years. Scientists Patrick Michaels and Chip Knappenberger from the libertarian Cato Institute wrote, “We didn’t find a single paper on the topic that argued the rate of global warming has not slowed (or even stopped) in recent years.” Of the 100 papers identified by Michaels and Knappenberger, 65 had nothing to do with recent global temperature trends — which is typical of papers written before 2010. The remaining 35 papers used by the Cato scientists all acknowledged in someway a “hiatus, pause, or slowdown in global warming was occurring.”
The New Consensus: 100 Percent Of Scientists Agree That Global Warming ‘Stopped’ Or ‘Slowed Down’
by Wochit 1:08 mins
The Obama administration and environmental groups have long claimed 97 percent of scientists agree that human activity is causing the Earth to warm, but there’s a new consensus they may be less willing to acknowledge. Using the same methodology as the vaunted “97 percent” paper by researcher John Cook, two climate scientists have made a bold discovery: virtually all climate scientists agree that global warming has “stopped” or “slowed down” in recent years. Scientists Patrick Michaels and Chip Knappenberger from the libertarian Cato Institute wrote, “We didn’t find a single paper on the topic that argued the rate of global warming has not slowed (or even stopped) in recent years.” Of the 100 papers identified by Michaels and Knappenberger, 65 had nothing to do with recent global temperature trends — which is typical of papers written before 2010. The remaining 35 papers used by the Cato scientists all acknowledged in someway a “hiatus, pause, or slowdown in global warming was occurring.”
nnuut
Moderator | TSP Legend
Opinion: Americans, let’s be thankful that U.S. oil is pulverizing OPEC 
Published: Nov 26, 2014 8:23 a.m. ET
By
TimMullaney
Americans will give thanks for just about everything this weekend, and most of all for one another. I’ll save a toast for George Mitchell, the man who more than any other is enabling America to wipe the smirks off faces of a lot of people who have deserved it for an exceedingly long time.
Mitchell is the pioneer of hydraulic fracking, the breakthrough that has increased U.S. crude oil production by 80% since 2008. Combined with more conservation, and growth hiccups of varying severity in emerging economies, all that oil has pushed the price of crude down nearly 30% since July even as U.S. economic growth picks up.
That brings us to this week’s meeting of the Organization of the Petroleum Exporting Countries, and all the lousy regimes whose suffering it will lay bare.
Some numbers, first. In 2005, the U.S. produced about 5 million barrels of oil a day, in a market of about 90 million barrels a day then dominated by the 12 OPEC nations, including Saudi Arabia. And — this is the key part — even with all the growth in Asian nations and a recovery in the U.S., demand for oil is only growing about 1% a year.
As fracking made it possible to extract ever more oil from shale rock, the Oslo-based consulting group Rystad Energy figured the U.S. and Canada would be able to produce 6.5 million barrels a day from shale alone by 2020 (with more coming from traditional wells). This week, Rystad partner Lars-Erik Nicolaisen told me that estimate for shale alone is now up to 12.1 million barrels a day. [more]
Americans, let
Published: Nov 26, 2014 8:23 a.m. ET
By
TimMullaney
Americans will give thanks for just about everything this weekend, and most of all for one another. I’ll save a toast for George Mitchell, the man who more than any other is enabling America to wipe the smirks off faces of a lot of people who have deserved it for an exceedingly long time.
Mitchell is the pioneer of hydraulic fracking, the breakthrough that has increased U.S. crude oil production by 80% since 2008. Combined with more conservation, and growth hiccups of varying severity in emerging economies, all that oil has pushed the price of crude down nearly 30% since July even as U.S. economic growth picks up.
That brings us to this week’s meeting of the Organization of the Petroleum Exporting Countries, and all the lousy regimes whose suffering it will lay bare.
Some numbers, first. In 2005, the U.S. produced about 5 million barrels of oil a day, in a market of about 90 million barrels a day then dominated by the 12 OPEC nations, including Saudi Arabia. And — this is the key part — even with all the growth in Asian nations and a recovery in the U.S., demand for oil is only growing about 1% a year.
As fracking made it possible to extract ever more oil from shale rock, the Oslo-based consulting group Rystad Energy figured the U.S. and Canada would be able to produce 6.5 million barrels a day from shale alone by 2020 (with more coming from traditional wells). This week, Rystad partner Lars-Erik Nicolaisen told me that estimate for shale alone is now up to 12.1 million barrels a day. [more]
Americans, let
Buster
Well-known member
A toast for George Mitchell, the man who more than any other is enabling America to wipe the smirks off faces of a lot of people who have deserved it for an exceedingly long time.
Mitchell is the pioneer of hydraulic fracking, the breakthrough that has increased U.S. crude oil production by 80% since 2008
Mitchell is the pioneer of hydraulic fracking, the breakthrough that has increased U.S. crude oil production by 80% since 2008
nnuut
Moderator | TSP Legend
Yep!
[h=1]Oil falls as OPEC opts not to cut production[/h]
Phillip Tutt | Matt Clinch
Video:
The Organization of Petroleum Exporting Countries (OPEC) decided on Thursday not to cut oil production, despite sliding oil prices.
Brent crude oil fell more than $3 to under $75 a barrel—a fresh four-year low—on the news while West Texas Intermediate (WTI)—dropped below $70. Global oil prices have plunged since peaking in June, and Brent crude has lost around a third of its price from $115 a barrel.
Following a meeting of OPEC in Vienna, the oil minister of leading member Saudi Arabia, Ali Al-Naimi, was asked whether the group had decided not to reduce its output from 30 million barrels per day. He responded: "That is right".
Speaking to CNBC, Nigeria's Petroleum Minister and newly elected OPEC president, Diezani Alison-Madueke, said that non-OPEC oil producers had to "share the burden" of any future cut in production.
"Of course we are hoping over the next year we will see more stability," she added. [more]
Oil falls as OPEC opts not to cut production
Frixxxx
Moderator
Except I think this is the last ditch effort to try and slowdown U.S/Canadian production.
Minnow
Well-known member
You never know, US/Canadian production might not be the aim... They might be trying to make things way more uncomfortable for Ivan.
nnuut
Moderator | TSP Legend
The only thing that's stopping the USA from beating them is the Current Administration.
Frixxxx
Moderator
Actually, not true:
[TABLE="width: 400"]
[TR]
[TD]1
[/TD]
[TD="align: left"]
[/TD]
[TD]11,725,680
[/TD]
[TD]13.80%
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2
[/TD]
[TD="align: left"]
[/TD]
[TD]11,118,690
[/TD]
[TD]13.09%
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]3
[/TD]
[TD="align: left"]
[/TD]
[TD]10,396,970
[/TD]
[TD]12.23%
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]4
[/TD]
[TD="align: left"]
[/TD]
[TD]4,372,000
[/TD]
[TD]5.15%
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]5
[/TD]
[TD="align: left"]
[/TD]
[TD]3,856,000
[/TD]
[TD]4.54%
[/TD]
[/TR]
[/TABLE]