tag:blogger.com,1999:blog-2686829448547770092.post5306465871761636075..comments2023-08-15T06:33:53.114-07:00Comments on Bison Prepper: oil down slopeJames M Dakinhttp://www.blogger.com/profile/01382139289994087931noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2686829448547770092.post-58715546169720830852014-08-11T06:28:09.094-07:002014-08-11T06:28:09.094-07:00Well, a good thing frack oil will last a gabazilli...Well, a good thing frack oil will last a gabazillion years since we can't get a good EROI. Oh, wait...James M Dakinhttps://www.blogger.com/profile/01382139289994087931noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-78993326230740747082014-08-08T21:39:56.489-07:002014-08-08T21:39:56.489-07:00To all non-Peak believers - a simple rehash and re...To all non-Peak believers - a simple rehash and reaffirmation of where Jim is coming from...<br />EROI rules everything. Don't believe it? try to find a someone willing to pay you a six figure salary for knowing and doing _nothing_ (no meetings, no attendance, no scam, etc). Or if you are willing to be the employer in such a setting, please immediately hire James here and then when he retires, myself (james you only get 3 years!). You cant do it. because an employer must get more value out of your work than he puts into your total pay package or go bankrupt.<br />Energy return on energy invested is the same thing applied to energy.<br />Plants get nearly free energy pumped out to them by the stellar hydrogen subsidized Sun. They take in enough water, minerals, and other resources to build themselves the best possible energy harvesting system *growing leaves branches, etc* AND propagate themselves through storage of the excess energy or creation of offspring. Animals come along and steal the plants excesses of energy or infrastructure and use it for their own (similar) purposes. Predators and parasites come along and steal the energy from the other animals. And so on and so on. And supposedly millions of years ago some of the solar energy trapped by plants got buried and stored and concentrated under the earth becoming fossil fuels that we dig out and use today.<br />It doesn't matter if there is some conspiracy stopping us from digging it out, or if we really have dug out the good stuff (the more likely option IMHO), or if it was a mineral instead of a biological process to create it (which would be sad as once gone it would NEVER come back). But if the ENERGY it takes to get one unit of energy becomes equal to energy extracted it CAN NOT be a self sustaining process. That is the final crash. <br />At one point a person could take a bucket out into the Pennsylvania fields dip it down and come up with a bucket with enough energy to make a thousand more buckets and bucket trips for the oil.<br />Then by using a 100 barrels of oil you could poke a hole in Texas and get 100000 barrels back.<br />Now it takes 1000 barrels of oil to drill a frack well in N. Dakota and you get back at most 30000 barrels of oil- at first and quickly declining-.<br />Add in the fact that global demand continues to grow exponentially--- And you get a 'Peak' in oil.<br /> <br />JJGreyhttps://www.blogger.com/profile/06708302086326564665noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-31625000601473069252014-08-07T06:50:57.808-07:002014-08-07T06:50:57.808-07:00You can get more details from the Heinburg book, b...You can get more details from the Heinburg book, but the gist is that 2016 the majority of fields start a sharp decline. This is projected from all the fields own production data. He covers each one, if you need details. I give credence to him due to so many other writers claiming frac fields are short lived and that the frac bubble is primarily a financial scam.James M Dakinhttps://www.blogger.com/profile/01382139289994087931noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-78398169843154193972014-08-07T03:41:27.769-07:002014-08-07T03:41:27.769-07:00You say it doesnt look like fracking wont last us ...You say it doesnt look like fracking wont last us until 2020. Just for fun I would like to see your projected timeline of events. <br /><br />-sumdudeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-90056911659885990022014-08-06T16:01:49.585-07:002014-08-06T16:01:49.585-07:00Hell of an article, and a hell of a good price on ...Hell of an article, and a hell of a good price on Elko landJames M Dakinhttps://www.blogger.com/profile/01382139289994087931noreply@blogger.comtag:blogger.com,1999:blog-2686829448547770092.post-66277655667608478382014-08-06T14:36:04.455-07:002014-08-06T14:36:04.455-07:00Good post, Jim.
Even crazy ol' Fred Reed is tu...Good post, Jim.<br />Even crazy ol' Fred Reed is tumbling to it:<br />http://www.fredoneverything.net/Unstable.shtml<br />That guy can write! Reminds of reading William F. Buckley in the 70's.<br />Did you see thaty $1300 acre in Elko?<br />Neilneilmhttps://www.blogger.com/profile/14890476666474973533noreply@blogger.com