Replies to post #2797 on The Rising Influence of Rising Affluence

[DFRAI]

oakes,
i am not trying to get into a spelling contest with you, nor to impress you with my oil knowledge...its funny how you try to do it without offering nothing of substance

the main argument was over peak oil mainly if you forgot

- lack of discoveries of super fields.....other than TUPI
- world consumes 25 billion barrels of oil per year - these volumes are not replaced with new discoveries
- oil fields decline on average 4-5 percent after they mature and possible more if they are mismanaged, and if you try to do the math on 90 million - you get 4-4.5 million per year that needs replacement just to keep status quo - excluding India, China and middle east growth

I gave you something very concrete on the Ghawar and all you could come up with is denigrating the poster as lacking knowledge etc....you are a big nothing.


so you can shout all you want, and tweet your horn on being a researcher and not being able to invest in the oil companies - etc - your skills and knowledge are .05 percent or less in the macro context and its all pasted over the internet.

I dont care about your particular knowledge - the web has enough to get a macroview of issues with oil.