I thought I heard somebody say
"I like trains"
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Imperial Forum → Posts by Little Paul
I thought I heard somebody say
"I like trains"
"You've been incoherently rambling for pages."
I don't think you'll ever understand anything of substance about the entire subject idd. I'm only puzzled as to whether its a lack of effort, lack of intelligence, emotional involvement, or a mixture. Regarding the endless pointless attempts to insult somebody, I take it you're not a very rational person.
"Thanks for stopping."
If I knew from the start you where unable to get anything, I wouldn't have tried to make a debate by explaining the simple basics -you still don't get - to you. Its called naivety. To my defense the fact you are to emo for politics doesn't show on your avatar.
@spock:
no, they give you a 1 dollar coupon you can trade for cloths distributed in specialized shops you have to work in. Clearly, you're far to soft.
"Wanna try again?"
My apologies but no, as I said in my previous post.
because you can have 1.300.001 and give the extra dollar to your kid.
"Yes, ultimately consumers "consume" oil that's sold to them. What in the world does that have to do with companies making decisions regarding drilling for oil? Or the price of oil? Nothing. It's off-topic, incoherent rambling."
Demand is correlated with the price. But apart from that, I answered to your point of the total balance of energy possibly being negative. So wrong twice.
"You offered absolutely no examples of EROEI impacting decisions regarding oil drilling."
I offered many many examples. One of them being that investors value the quality of the oil by the energy it brings forth. I ofc presumed you know the link between investors and producers, and the link between buyers and quality of oil.
"I already know ROI matters."
ROI will not stay positive till the very last barrel. Unless you make this unearthly claim, it does determine when it will run out.
Again, in other words, my last attempt to explain the obvious:
TRB doesn't take into account the "net gain" on oil barrels if that is 1 to 100 or 1 to 2, the difference in actual barrels is huge.
TRB doesn't take into account how fast or slow you drill them up
TRB doesn't take into account how fast or slow its possible to drill them up
TRB doesn't take into account that one barrel might have 10 times the value of another.
Your only argument is that people pay the price of a scares product no matter what, but history proves you wrong. There was enough oil outside opec. But demand lowered when supplies ran out. Only after production increased, demand rose again.
In fact, everything but the point you misunderstood about consuming I answered to already in different words many times over. Other people did as well. I won't do it again.
"Our colonies and Jim Crow didn't help us in WW2."
His point was you don't need "the moral high ground" to do something good.
"Hitler waged foreign wars. The Muslim brotherhood just oppresses its own people."
Why would they consider isolation in the long run?
lol, well I proved that point didn't I?
Thx for posting. I hesitated to do so as I thought it insulting on his part, but I'm sure Spock red it in the end anyway, as he copy/pasted the part "criticism".
You laugh, but because of those bombs, many slaves where unemployed for almost several days. Lucky they had free showers or it would have been a pool of filth in those factories.
I wonder if Germany ever asked War reparations from the US, they should.
oh, now I see. You looked up EROEI and copy pasted "Criticism of EROEI" from wikipedia. And yes its proly a coincidence you say exactly the same in the same order.
That criticism is mainly about a wrong way to calculate (E)ROEI.
red this?
"This section does not cite any references or sources. (May 2010)"
"And bear in mind that coal and gas cannot power our vehicles"
so now you looked up ROEI en EROEI look up how the germans in WW2 tried to compensate their lack of oil. Also look up LPG, coal fraction and steam.
"There is no standardized EROEI measurement used for any economic calculations."
No, like there isn't a standardized measurement for TRB, as opinions differ. There is, however, a broad consensus amongst these companies ROEI is part of the equation...I mean like centuries.
"EROEI ignores that energy has different forms"
No it doesn't. Thats the point of EROEI. You have to read it all if you look it up.
"...and sometimes it's practical to lose energy and still gain profit."
All energy is "consumed" in the end. Consumed means transformed into another (useless) state. Thats the point of it all.
"surely it's impacted at least one single decision!"
Investment in eg deploying a new oil field often takes more then 10 years before production starts. EVERY FRACKING TIME they calculate those things over and over again and again and present it to potential investors. (together with predictions of the future energy market!!)
EROEI is expressed in many different ways and often used to give an idea about the quality of the oil gained. This quality largely determines its final value.
Oil is often used to fuel powerplants as is coal. At this moment Coal is by far the biggest. Many people, including me, see the new discoveries and tech innovations in this field (eg better ways of coal mining) as a serious argument to say peak oil will be significantly prolonged by it.
"Since all technically recoverable oil is cheaper than literally every alternative"
No, it isn't. Its EROEI will tell you whenever it is more profitable to use coal, gas, etc.... or just letting it be when you cannot afford to pump it up.
On the other hand, its not because some barrels will never be used any time soon, that peak oil is confirmed. Its possible new technology increases the EROEI. So with less barrels you might do much more.
Let me pose you this question, why on earth would every gas, coal and oil producing company on earth use EROEI as an instrument? Why would China use it in its strategic decisions? I bet they do a lot of irrelevant work.
"It sounds like you just wanted to use the abbreviation EROEI because you heard it mentioned before."
Like 20 years ago. And also because energy return on energy investment isn't as easy to type.
Spock
"That's it?"
I also implied that an increase in EROEI prolongs the process. In fact EROEI is the thing that really matters when trying to predict how long oil will last. Exactly what the topic is about. Hence my second remark in this topic that you have to measure EROEI not TRB.
as to explanation to why you use plural,
I feel sorry for everyone's intelligence then but to my defense, I'm not a Vulcan now am I? Why do you repost that sentence in every thread to everyone on every subject at any given time btw? Do you have a shortkey for it?
@Iltk
lol
Ofcourse he wants more taxes, it takes out opposition while he pays almost nothing.
... I can only affirm.
Now you know something about the topic we discuss you can either join it or you choose not to.
And stop using (royal?) plural like you represent more then one anonymous online poster, its silly. ![]()
@spock
"the topic asserts that the profitability of drilling will continue well into the future. You're not disputing this, you're just pointlessly rambling."
No I'm saying, in one obvious sentence, how to calculate and prove it.
And no I do not dispute Einsteins point. Is that necessary to make a point nowadays?
@undeath
I have the same feeling. He's either deliberately ignoring the point or seriously lacks some background on the subject.
@spock:
Yell said it another way in his first sentence. Maybe that will get you any further?
The thread is about the peak oil theory:
http://en.wikipedia.org/wiki/Hubbert_peak_theory
@spock
"Are you going to make a point? It's nice that you're rambling about ROEI and all, but it has nothing to do with this thread or anything anyone's said. If you think it does, we'd love to why you think so."
What part didn't you understand? You can disagree with the arguments given but its hard for me to believe you don't understand it, because I gave it to a 8 years old English speaking kid today and he understood.
Again:
The significance of the amount TRB is relative to what you can do with those barrels. I can't put it more simple.
"The point is that, as long as oil is cheaper, it'll still be used, regardless of cost. We'll just pay that cost."
Thats what opec thought in the '70. If you mean cheaper compared to other energy resources or labour, that is determined by ROEI, so proving my point!
Maybe its easier for you to go step by step. Take as a first step the direct cost into account to produce oil. In the early days it might have been 1 needed to a couple hundred gained, as it came out of the ground by itself at many places. Imagine that would be 1 to 2. The total amount of TR barrels will be the same in both scenarios.
Examples that might increase ROEI:
Efficiency of oil usage
Efficiency of transportation
Efficiency in production or refinery
New discoveries of fields with a high ROEI
"I literally can't even tell what you're trying to say or what you disagreed with. "Without it...." Without what? Without oil? What scenario is that? What are you talking about?"
Without "these energy resources".
The bottom line is the total amount of barrels are not that important in this debate. Let me give you an example. You could produce tons of bio-oil yet gain almost no economic advantage. But the total amount of barrels produced will increase (shortly, as it is an economic disaster).
@spock:
You said: "Since nothing else (other energy sources) comes anywhere close (to the economy of oil), ROEI just isn't that significant in the context of this thread. The price of oil adjusts to the costs of acquiring it. Its economic value (profitability) does not hinge upon the cost of acquiring it."
That's what opec thought in '70.
The Return on energy investment will determine the real value of oil, as it will determine the real value of the money the people can spend. The logic most people fail to understand is that these energy sources are the same as a couple hundred slaves each person who don't eat. It represents the biggest part of the labour in our econ. Without it, money will hold little value or there will be a serious shortage.
The resources used are important but still insignificant compared to ROEI.
In short: if ROEI is taken into the math and is high enough, Einstein is right. Oil companies use ROEI predictions to calculate their profits, and they ought to know.
"Important to what?"
I never expected someone to discuss the usefulness of oil in our modern economies. In any case I presumed one could assume I was talking about the topic, where Einstein said peak oil is imaginary. So in order to make the math it is important to try and calculate the Return On Energy Investment instead.
The return on energy investment is part of the profit you gain from the oil. The economic value so to speak.
Einstein,
Whether or not your point is valid, Oil isn't measurable in Barrels or even tech recov barrels. Its the ROEI that is important.
Roei includes the energy wasted to produce, transport and use it. It naturally includes all costs and variables like the quality of the oil produced.
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