Comments by "" (@jmitterii2) on "Oil Prices PLUNGE To Zero Dollar$ Per Barrel! WTF?!?" video.

  1. Sad thing about pensions, most of our current generation and many of the elderly generation have no pensions. So most of us including myself could give a shit. The same pensioners gave us a turd, so they get to taste the same turd. So sad.
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  2. The double wammy to fracking is that their estimates on depletion in their fracking sites were way over estimated at 20 years, most are seeing them becoming depleted at 15 years or less. So a glut today, and nothing tomorrow. Using the tid bits now without an alternative up and running like H2 from LFTER fission or tokamak fusion reactor electricity inducing cheap electrolysis H2 production, using it all is stupid anyway. It's an economic disaster in its own way.
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  3. It is until it isn't. That's the big problem. Right now, sure. But fracking literally is licking the bottom of the barrel of what's left. And recent studies of actual procurement of fracking sites were over-estimated to have 25 years worth, actually only have about 15 to 18 years worth, some were already producing very little, and the oldest were already non-productive. So sure... it's like someone dabbling with cocaine, ain't the sex even better you can go all week! Sure. Until you can't stop and become an addict who now has heart troubles after being rushed to the hospital several times for coke induced heart-attacks. Feels great today, the hangover sucks tomorrow. And it delays alternative energy development. Which makes the pain on getting an alternative that's cheaper available that much longer while energy suddenly becomes even scarcer making that even more expensive to develop. It's not the best thing. And if the prices dump for too long, it also becomes a short term sugar rush as that glut just vanishes faster as bankruptcies just stop production. And that production doesn't come back. Mid term spike in price. Followed by the aforementioned long term price hike. So yes for now, and mostly no because it won't be for that long. It also has geopolitical ramifications too. One other positive though, we get to witness what it will be like when oil becomes essentially obsolete as far as an energy product relegated to only plastics production; such as whenever LFTR fission and ultimately ITER/Wendelstein 7x fusion comes on line. But that also explains why ITER is so slow compared to the most recent German Wendelstein 7x program and is surpassing ITER in their experimental phases... it's as if they're delaying ITER program as long as possible. ... to get some return on all that last decade oil investment. Germany has no oil of its own nor does China, so it's like fuck this shit. China started 2014 their 10 year LFTR program, and Germany is conducting their Wendelstein 7x again way ahead of ITER already in the experimental phases, while ITER is still under construction.
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