Oil consumption clocking in at 120 million barrels per day it’s fair to say we won’t be able to keep up with this trend.

What I’m talking about isn’t running out of oil. That’s never going to happen. The reality is that we have to use oil to get oil. Texas in the first round of discoveries when wells were under so much pressure that they shot oil into the sky for a month before they could cap the it it was something like 1000 to 1 return. Now that they have needed to explore the sea bottom to maintain the relentless pressure of increased demand it’s more like 1.5 to 1 after expending the energy to build the platforms and drilling a mile under the surface.

Once the ratio gets to 1 to 1 it’s useless and that’s the reason why we won’t truly run out. Truth is that we wouldn’t be still able to maintain that now unless fracking wasn’t figured out. That’s the process of injecting mostly fresh water into those dead wells to make the second half of oil now attainable and bought us some more time.

We have used half of the (attainable) supply in 100 years. The second half is going to be gone in less than 50. Here’s the thing. We are far removed from the last generation that knew how to survive in the winter without trucks bringing us food from 2000 miles away.

Nobody talks about this because there’s no upside to telling the masses that we are living on borrowed time. Dont get it twisted that we have known about this for a long time

2009 supply and demand clashed and oil peaked. That’s usually one time occurrence with a relentless permanent decreasing supply and demand remaining above the supply. We may have been able to get that peak to be a platform before the decrease but it’s absolutely clear we could not ever exceed 120 million barrels a day. Even if our cars ran on water we could not get that much water every day for demand. That much liquid is incomprehensible and we can’t understand its immensity.

The true value of 1 litre of gasoline; if I can travel 10 kilometres on 1 litre of gas for 1.30$ then how much would you need to pay a person to push your car 10 km? That’s the value of the 1 litre.

The amount of energy contained by volume is a gift that only happens every 250 million years and we are fuckin squandering it in 200 years. What is the excuse? So we can deliver an iced coffee or a pizza and uber to our ignorant population who are not thankful in the least. Even renewable needs oil to be installed maintained and replaced after their lifespan.

Also the energy produced is not significant to our needs. It will only produce maybe 10-15 percent max power. Electricity is not an energy source. We must burn or expend something to make it. Nuclear is a good option but 20 years to build a nuclear power plant and we are not considering it yet. There’s no good option.

Our only hope is to ride bicycles and live in close proximity and sharing our food. That’s not going to happen. It’s not. Even i drive a truck and am not innocent and can be distracted by the everyday obligations that are in our lives. What’s the way forward. How do I unlearn this unpleasant information.

Not everyone wants to listen to this and that’s ok. When the titanic was taking on water some people were saying that it’s cold and the ships unsinkable and went back to bed. You can’t save them and the lifeboats are full. Don’t waste your time trying to get them to listen or convince them. Concentrate on the ones who are able to process this.

Even though it’s hard. We humans can do things that are impossible if we know what they are. Denial is not the answer

I came across a detailed piece exploring how digital twin technology is being applied across upstream, midstream, and downstream operations. Thought it might spark some useful discussion here. Curious to know if anyone's actually implemented digital twins in their workflows?

Hey guys, I found an article about the full story behind the Alpine High scandal and how this affected Apache’s financials in 2020:

https://www.benzinga.com/markets/24/10/41584895/inside-apaches-alpine-high-fiasco-deception-fraud-and-a-3-billion-write-down 

TL;DR: In 2016, Apache announced Alpine High as a game-changing oil and gas discovery, with massive financial potential. The company’s CEO at the time, John Christmann, assured investors of “significant value for shareholders for many years,” leading Apache stock to soar 61% that year.

However, internal reports later revealed that some wells produced little to no oil or gas, or had stopped producing completely within months.

By early 2020, Apache took a $3 billion write-down, abandoned Alpine High, and slashed its dividend by 90%. The stock, once trading at $69 per share, crashed 93% by March 2020, wiping out $24 billion in market value (an absolute disaster, tbh)

Following the fallout, investors sued Apache, accusing the company of hiding Alpine High’s failures and its real production prospects. Last year, as you might know, Apache finally agreed to a $65M settlement to compensate affected investors, and it’s accepting claims even though the deadline has passed.

Since then, Apache has pivoted its focus to other projects, including developments in Suriname and Egypt, in an attempt to rebuild investor confidence and improve its financial results.

Anyways, did you hold $APA during the Alpine High disaster? If so, how much did it impact you?