Warning: US Petroleum Inventories Are Being Raided

Wow. This is heartbreaking :broken_heart:

13 Likes

That I won’t regret.
If it resolves and less people suffer - I’ll consider this period of time a win all around.

2 Likes

Wow. Just wow.

1 Like

Just to make everyone aware. All comments on this forum topic are publicly accessible. It’s one of the things I hate about the forums, if it’s a public topic so are the forum entries and you have to look for the little lock to know if any post you make is available to the world.

As a rule I no longer post to any public forum.

15 Likes

Almost like they want us all dead.

1 Like

Whew, sulfur is going to Hell!

5 Likes

Agree. Walk around all day heartsick..i know im being influenced..but cannot repel all of it.
I feel like i need just one day to process…but i dont seem to find any relief from this feeling. Its like a bundle of dead things wrapped up and stuffed inside of me.

I have 2 questions i cannot answer. One is the speed, as Chris so aptly pointed out…of the destruction of the dollar.

The second is what do i do to preserve wealth through the printing. I dont wish to take it out of stocks which might keep up w inflation..i cant possibly store all the gold and silver i would need, and what do i do if my metals held overseas are taxed to nothing if repatriated?

There is nothing the govt cant and won’t do to asset strip everyone of us..they can take your land, your water, kill your herds…(remember the ostriches.)

I feel trapped, anxious, amd indecisive.
Trying to look at big picture..and concentrate on cat food, meat, flour. Planting

6 Likes

I feel a bit like this. I have things in different baskets and I suppose I have to accept that some of them might be stolen in some way. But some of them should survive and that already puts me in a way better position than the vast majority of people.

4 Likes

Good point, because being close to NYC, I have been feeling vulnerable. I have had to give that fear over to God and pray for protection, in order to cope with it. I cannot live in constant fear. I have to go over 2 bridges to visit my son.

3 Likes

See, this is the sort of thing we all need to talk about and help each other with. If you feel like there are dead things inside you, you really need to release that, it will just make you sick. Just talked to my therapist yesterday and we discussed all this. We need to give ourselves breaks and practice good self-care and find joy in our immediate environments:) Hang in there!

…I see you do gardening, that is so joyful, the wonder of it. I am getting sprouts now and it never ceases to thrill and amaze me, the wonder of God’s creation!

2 Likes

It might be worse than we think.

Significant Under-recognised Constraints to Global Oil Supply

Global oil reserves are less than half the widely accepted value and have long been in decline; and global production of conventional oil reached essentially resource-limited maximum in 2005, and has been in decline since 2008. Thus since 2005 the marginal barrels of oil have been non-conventional oils and NGLs.
Full Text

4 Likes

RandomMike, Sulphur as a homeopathic remedy was one of the first remedies I became familiar.
The AI Overview:
Sulphur is widely regarded in homeopathy as a powerful, “deep-acting” polychrest remedy, often used as a foundational treatment for chronic conditions, particularly those involving skin issues, inflammation, and metabolic imbalances. It is known for treating individuals who are often intellectual, philosophical, but sometimes disorganized, exhibiting symptoms characterized by burning sensations, itching, and heat

For the homeopaths amongst us: Some Reflections on the Sulphur Personality Some Reflections on the Sulphur Personality - Editorial December 2025 - Alan V. Schmukler

1 Like

Sylon, how about a little Robin Williams? https://www.youtube.com/watch?v=1ojkAo0G4_s

2 Likes

That is a really well done paper. Thanks for posting it.

First, I have to complement the authors on peeling apart the various sources of oil, both for the US as well as for the Middle East. I’ve been working mainly from the US EIA’s data, and in it there’s too much aggregation of sources and ambiguity about NGLs to really get down to the fine details; ultimately I simply gave up. They did a good job sleuthing out the different sources and fitting them independently.

However, there are two points I have to take them to task on. The first of these is employing Hubbart linearization to fit logistic distributions to these peaks. Logistic distributions, yes, those are the correct function to use. However linearization as a numerical fitting method, wow, that went out with the Ford administration. Numerical methods have advanced quite a bit in the last half century. At least they might have used a weighted gradient search to directly fit the actual function, or better yet, a genetic algorithm.

The second point – and this will get a tad scary in a minute – is that their ‘peak at mid-point’ assumption is not justified. The Alaskan crude peak in Fig. 2 clearly breaks this assumption. Other production curves may violate the assumption to lesser degrees that are not so apparent from casual inspection. A better way is to allow independent upslope and downslope width parameters in a modified logistic distribution. If little or no downslope data is available (i.e., the peak year has not yet been reached, or there is only a few years’ post-peak data so far), the downslope parameter can be inferred from URR data. The caption on Fig. 2 hints that this may in fact be what the authors have done, but it is not entirely clear. (Were I a reviewer, I would bounce the paper back for revision to have this clarification.)

OK, I earlier promised a scare, so here it comes. If the ‘peak at mid-point’ assumption is wrong, we could either have a long, shallowly declining tail in these distributions, one that would carry us comfortably well out past 2050. Or – as I believe more likely – the downslope parameter is smaller than the one on the upslope, and we get into a “Seneca cliff” situation, where there is a rapid fall-off in production after the peak. What would cause this? An anomalously rapid build-out in production facilities, possibly facilitated by overly-cheap credit – such as we’ve had since 2008. In this scenario, too many rigs get built too fast, and the oil reservoirs simply get drained quickly. As the remaining resource depletes, those numerous rigs pump even faster, and the field depletes that much faster. Note that this is quite different than the geological phenaomionm of pumping wells faster than the source rock will yield it and wrecking the field; but that could be happening too! Rather, it is an effect brought on by economic dislocation by various factors: cheap credit, too much investor hype, etc.

However and more optimistically, I don’t believe that’s happening to any great degree here. The URR the authors arrive at from integrating under their US tight oil peak fit is in line with other URR estimates I’ve seen. I don’t think we’re looking at a Seneca cliff collapse in production, at least not a drastically sharp one, and their forecasts for future production seem about right.

Finally, I do appreciate their willingness to call the current peak, and to follow the data from there. Additionally, I am glad they addressed the mid-2000’s hysteria around the peak in conventional oil, discussed the how the upswing in tight oil products mitigated it, and how that whole affair tainted any discussion of possible future peaks – such as the one we’re probably experiencing right now.

Anyway, thanks for posting that, Barbara.

ps: I got so caught up in nerding out on the numerics that I didn’t comment on the main point: Yep, looks like things have peaked both in the US and worldwide. But it could be so much worse! And hey, with the current mess in the Middle East, it likely will get worse! Not much else to do but plant a garden and get a bike.

6 Likes

Thank you for posting this paper

Who was the first person to discover this stuff in the ground and realize it had some use? And the rest is history, a history that does not end well. Too much power, and it inebriated humanity.

Why so few comments? Where is everyone? Well, I could talk forever…that is never a problem for me!

I talked to several people today, out and about. In my neck of the woods, the Overton Window has not yet occurred in terms of talking about preparing. Unfortunately, part of what we have to prepare for is people totally freaking because, they are NOT ready, emotionally, or in any other way.

I actually get better response from young people than older people.

2 Likes

Our Azure Standard drop today had LOTS more people and orders than usual. Lots of talk in line about gardens, raising animals, types of feed, grounding mats, and DMSO. I suspect people are starting to get worried.

6 Likes

I’m seeing exactly the opposite. Fuel prices have started coming down. Grocery stores are having decent sale events. Restaurant activity has seemed to pick up. People are living, “don’t worry, be happy”.

2 Likes

Do you mean google, anonymous? That’s not good… could PP forum change this to require login(free tier) so bots and AI cant use this data?

@aaronmckeon Forum feature check?
EDIT: yes this thread is totally accessible anonymous, no login. Not good.

3 Likes