Pickens Says Oil Production Has Peaked (85 million barrels)

[Bronco_Beerslug]

And says world consumption will be 86 million barrels in the fourth qtr.

Says using natural gas for power production is basically stupid when we have so much coal with new clean technology to use it.

On CNBC now.

Oil futures trading at over $74 today. Pickens says $80 is coming.

[cbs1177]

[QUOTE=Bronco_Beerslug]And says world consumption will be 86 million barrels in the fourth qtr.

Says using natural gas for power production is basically stupid when we have so much coal with new clean technology to use it.

I read at cnn that coal could be used to make jet fuel but the factory cost 4 billion to build. So this alone would help in the global crises.

[bendog]

We need to invade somebody!

[Spider]

We need to invade somebody!
LOL

[Spider]

Like in another thread , Where i tried to explain to W*GS to no Avail , in did you vote ...Wyoming is very , very Rich in natural resources , we got over 600 year supply of low Sulphur coal , this coal is the greatest thing since the ball point pen ......alot of coal out of the west is low sulphur , you can see alot of plants burning this stuff and be clean meet the toughest air standards ......... Shipping right now is burden , you can drive by Bill Wyoming at anytim and see over 20 trains waiting to be loaded and only 4 tracks ..

[Spider]

ROFL! I still crack up @ W*GS over that his stupidity came shinning through on that thread ......

[Rohirrim]

We need to invade somebody!

First, we park one of our ships in some Venezuelan port...

[Mile High Shack]

amazing how he comes out with these things to pump up the price on his energy 401K type stock thingy (lol, I'm getting over sick and 1/2 brain dead can't think of name) he manages

[ClevelandBronco]

http://www.strategic-air-command.com/gallery/movies/images/dr_strangelove_bombdrop.jpg

[ClevelandBronco]

Wrong Pickens?

[TheDave]

Someone today on the radio said they would not be shocked to see it hit $90 by the end of summer... Let's hope he is wrong

[Garcia Bronco]

Like in another thread , Where i tried to explain to W*GS to no Avail , in did you vote ...Wyoming is very , very Rich in natural resources , we got over 600 year supply of low Sulphur coal , this coal is the greatest thing since the ball point pen ......alot of coal out of the west is low sulphur , you can see alot of plants burning this stuff and be clean meet the toughest air standards ......... Shipping right now is burden , you can drive by Bill Wyoming at anytim and see over 20 trains waiting to be loaded and only 4 tracks ..


Watch Inside Sports on HBO to learn about coal plants

[Bronco_Beerslug]

Wrong Pickens? Want to post his chart over the last few years predicting prices?

Someone today on the radio said they would not be shocked to see it hit $90 by the end of summer... Let's hope he is wrong I remember when I posted his prediction of $60 before $40 oil. I then said we would see $3 gas only to have Mock and a few others here call me their standard grab bag of names :)

BTW, futures set new record highs today.

[L.A. BRONCOS FAN]

First, we park one of our ships in some Venezuelan port...

The dittoheads are already ramping up the anti-Chavez jingoism...

[Bronco_Beerslug]

Analysts talking about oil on CNBC today. Demand isn't declining as most thought would happen with new record prices to help bring back down futures prices. Now they're talking about $4 to $4.50 gas before the "pain at the pump" will start to bring back down prices.

[bendog]

Canada's got oil, right? Let's invade them. I always hated their snivilling sneering superiority. Like, 'oh yes, you're all so rich and big, but we are soooo much more civilized and coooool.' Take em down and make Alanis Morrisette our bitch.

[L.A. BRONCOS FAN]

This is the kind of thing that happens when you have an executive branch that is a wholly-owned subsidiary of Exxon Mobil.

[Spider]

Canada's got oil, right? Let's invade them. I always hated their snivilling sneering superiority. Like, 'oh yes, you're all so rich and big, but we are soooo much more civilized and coooool.' Take em down and make Alanis Morrisette our b****.
Bush .......... Fellow Americans , we have discoved that Stephen Harper , does have WMD , I dont need to tell you how dangerous this is , if we dont strike now , in a few months we all will be watching Hockey and the Canadian football league , and drinking Moosehead beer, and forced to buy cheap medication ......
Stephen Harper , is a dangerous dictater , and could very well be the next Hitler .....
Mushroom cloud , scarey stuff ......
Links to Al Qadea have also been uncovered , we have traced money from Canada to Al Qadea ,Stephen Harper has used WMD on his own people , making them watch Knight Rider reruns non stop ,torture chambers where Alanis Morrisette , Brian Adams , Ann Murray Music is played at loud levels non stop .......
We have to free the Canadians from Stephen Harper , thats why I am giving Canada untill Monday to disarm , and if they dont have WMD , they have untill Monday to get some and destroy them to make me happy ......

[cbs1177]

I read on cnn that the only thing that can starve off an energy crisises is bird flu. http://money.cnn.com/2006/07/06/news/economy/energy.rogers.reut/index.htm

[Spider]

I read on cnn that the only thing that can starve off an energy crisises is bird flu. http://money.cnn.com/2006/07/06/news/economy/energy.rogers.reut/index.htm
well this entire Mess is Griese fault ......... I want you to know that

[loborugger]

Like in another thread , Where i tried to explain to W*GS to no Avail , in did you vote ...Wyoming is very , very Rich in natural resources , we got over 600 year supply of low Sulphur coal , this coal is the greatest thing since the ball point pen ......alot of coal out of the west is low sulphur , you can see alot of plants burning this stuff and be clean meet the toughest air standards ......... Shipping right now is burden , you can drive by Bill Wyoming at anytim and see over 20 trains waiting to be loaded and only 4 tracks ..


Speaking of coal...

In WW II when the Nazi war machine was gulping down more oil than Europe could crank out (and with no ability to import from overseas), they synthesised oil/gasoline/rubber from coal.

The US has coal reserves like Saudi has oil reserves. I assume that right now making fuel outta coal is still more expensive than just importing it. It would seem in the 60 years since WW2 (I think the IG Farben company came up with the idea in the 30s, so its 70 year old technology), the process would become more effective, easier, etc.

I wonder if anyone, anywhere is working on this little nugget. Man o man, if we could synthesis fuel outta all that coal cheaply... well, lets just say that you Spider would suddenly have a lot of neighbors.

[cbs1177]

well this entire Mess is Griese fault ......... I want you to know that


I concur b/c when he went to Florida BAM hurricane after hurricane and oil prices skyrocketed.

[Spider]

Speaking of coal...

In WW II when the Nazi war machine was gulping down more oil than Europe could crank out (and with no ability to import from overseas), they synthesised oil/gasoline/rubber from coal.

The US has coal reserves like Saudi has oil reserves. I assume that right now making fuel outta coal is still more expensive than just importing it. It would seem in the 60 years since WW2 (I think the IG Farben company came up with the idea in the 30s, so its 70 year old technology), the process would become more effective, easier, etc.

I wonder if anyone, anywhere is working on this little nugget. Man o man, if we could synthesis fuel outta all that coal cheaply... well, lets just say that you Spider would suddenly have a lot of neighbors.

Would it work on low sulphur coal ? . I dont know enough about it to comment either way , but it sure does sound promising .......

[Spider]

I concur b/c when he went to Florida BAM hurricane after hurricane and oil prices skyrocketed.
Yep ;D debate solved

[cbs1177]

Would it work on low sulphur coal ? . I dont know enough about it to comment either way , but it sure does sound promising .......

Like I posted some where else I dunno exactly what thread but they said we could make jet fuel out of coal only the initial upstart cost is 4 billion. Also with all this bio diseal talk and enthanoel. I see no reason Americas can't be energy independent b/c we have the best agriculiture methods in the world. Also hello we have always been one of the few industrial nations to accept new technology rapidly. I just gonna put all my eggs in one basket (America's captialism and will to turn a profit on a new found technology.)

[Spider]

Like I posted some where else I dunno exactly what thread but they said we could make jet fuel out of coal only the initial upstart cost is 4 billion. Also with all this bio diseal talk and enthanoel. I see no reason Americas can't be energy independent b/c we have the best agriculiture methods in the world. Also hello we have always been one of the few industrial nations to accept new technology rapidly. I just gonna put all my eggs in one basket (America's captialism and will to turn a profit on a new found technology.)
I sure hope so .... me and my brother was talking about Bio diesel today .....only problem we had was the limited places you could get it , but we would switch the rigs in a heartbeat

[cbs1177]

I sure hope so .... me and my brother was talking about Bio diesel today .....only problem we had was the limited places you could get it , but we would switch the rigs in a heartbeat

Okay not to knock the redneck a/c unit on kansas city message board. Okay still loving that moment but honestly I read about a man and his blueprints with having a hot water heater in his garage that he makes his own biodesial fuel from restruants. He gave a detail description of how to run it and it only cost him 70 cents a gallon according to website. I am thinking with all the fried chicken places here in the deep south I can set up shop.

[Bronco_Beerslug]

Oil futures trading at $75.50 and rising this am, new record highs. $4 - 4.50 gas coming? Wonder what happens when the demand increases past supply come the fourth quarter like Pickens says?

[loborugger]

Would it work on low sulphur coal ? . I dont know enough about it to comment either way , but it sure does sound promising .......

I dont know. I would guess yes, as sulphur isnt an important component of oil/gas. My guess is that its just too expensive, still.

Of course, there is the possibility that oil companies are keeping development underwraps. Who knows?

[cbs1177]

A genius will come up with a new fuel. An immigrant no doubt like most Americans okay all Americans are immigrants sells a new fuel and a adapter for buckos and the public loves him until the next "big" thing. Seriously unlike Europe or Asia we downsize daily and people pick themselves up and go to the next best thing.

[L.A. BRONCOS FAN]

A genius will come up with a new fuel. An immigrant no doubt like most Americans okay all Americans are immigrants sells a new fuel and a adapter for buckos and the public loves him until the next "big" thing. Seriously unlike Europe or Asia we downsize daily and people pick themselves up and go to the next best thing.

And Big Oil will just roll over for him?

I doubt it.

[baja]

90 dollars a barrel, you will be swimming the Rio Grande looking for work before long Gringos. hahahahaha

[L.A. BRONCOS FAN]

90 dollars a barrel, you will be swimming the Rio Grande looking for work before long Gringos. hahahahaha

That's the Bush economic plan in a nutshell.

The second coming of Hoover.

[cbs1177]

And Big Oil will just roll over for him?

I doubt it.
Heck I would sell my idea for millions and millions of dollars to big oil. I would be rolling

[L.A. BRONCOS FAN]

Heck I would sell my idea for millions and millions of dollars to big oil. I would be rolling

Which begs the question "why isn't Big Oil buying?"

[cbs1177]

Which begs the question "why isn't Big Oil buying?"

becuase it saves them millions at a time they are making mega profits.

[baja]

What will save the planet in the nick of time?

Answer, someone will reveal a simple and free energy system causing the world to become economically free and the Illumanitti will lose it's grip of power as the world enters the Golden Age.

[Cito Pelon]

Canada's got oil, right? Let's invade them. I always hated their snivilling sneering superiority. Like, 'oh yes, you're all so rich and big, but we are soooo much more civilized and coooool.' Take em down and make Alanis Morrisette our b****.

Oh, your'e so funny. You may be getting investigated for that. Don't mention C***** and o** in the same sentence again, you bozo.

[bendog]

Oh, your'e so funny. You may be getting investigated for that. Don't mention C***** and o** in the same sentence again, you bozo.
LOL. Seriously Cito, I did hear on NPR that canada does indeed sit upon a huge oil shale pile.

How can Neil Young be so cool, and be from Canada? One for the ages.

[Bronco_Beerslug]

Futures trading at new records today (around $78). Now people talking about $90 oil.
Better fill em up.

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Oil prices hover above $78 per barrel
LONDON - Oil prices topped $78 per barrel Friday and held near record highs as intensifying violence in the Middle East raised concerns of possible supply disruptions.

http://d.yimg.com/us.yimg.com/p/ap/20060713/capt.0e42c390d0b441d38c509cf681affb03.gas_prices_p d103.jpg?x=380&y=229&sig=Ha_MKJvhq8srIbNG23GoNw--
A gasoline station attendant pumps gas Thursday, July 13, 2006, in Portland, Ore. Oil prices are hitting new highs, going above 76 dollars a barrel today. Traders are reacting to news of rising violence in the Middle East, the standoff with Iran over its nuclear program and news of explosions on Nigerian pipelines. (AP Photo/Rick Bowmer)


Israel widened its offensive on Lebanon on Friday, with warplanes blasting the airport for a second day, igniting fuel storage tanks and cutting the main highway to
Syria.

Hezbollah has fired more than 100 rockets into Israel, which said one also struck the port city of Haifa. More than 51 people have died in two days of violence following the capture of two Israeli soldiers by Hezbollah militants.

The escalating violence pushed prices higher, helped by rising global demand and fears that supplies from major producers including
Iran and Nigeria could be interrupted. There are also concerns about the risks hurricanes pose to U.S. production.

"We are certainly in uncharted territory," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore. "I wouldn't be surprised if $80 is attained soon with this slew of geopolitical events in a tight market."

While Israel and Lebanon are not involved in the Middle East oil market, the fear is that the conflict could expand in the region, which produces nearly a third the world's oil and has almost two-thirds of its untapped reserves.

"This violence has eclipsed the drop in U.S. inventories, Iranian nuclear dispute and the further disruption to Nigerian production," said Paul J. Harris, head of energy & emissions at Bank of Ireland Global Markets in Dublin, Ireland.

Light sweet crude for August delivery was as high as $78.40 a barrel in trading on the New York Mercantile Exchange. By midmorning in Europe, however, the price was $77.45, up 75 cents from Thursday's record settlement of $76.70 a barrel.
CONT (http://tinyurl.com/pumby)