The End of Oil Is Closer Than You Think

Originally posted by EastCoastKid

Originally posted by mrmulder
Found an interesting article contradicting what you found East Coast Kid. It states that a strange phenomenon shows abundance of possible crude oil in earth’s crust replenishing the drawn out reserves.
Click Here for the full story.

Thanks for the link mm. I'll checkit out. One thing is for sure. No one seems to be able to agree, for whatever reasons.

You have to admit, though, the PNACers & American big oil (companies) sure are acting like we're running out.

Well, part of what you said is correct, they are ACTING. As someone that works in the oilfield, I can assure you there is quite a bit of oil out there. Oil companies like for you to think we are running out, not to conserve oil ( people are still buying hummers) but to "understand" why oil is appoacing $60/bbl. They will produce just enough to keep people coming back for more. Too little, and someone might get backing for a new infrastructure for alternative energy ( electric cars, biodiesel, whatever). Too much and the price will drop. It is akin to DeBeers having vaults full of diamonds, and only realeasing a very very few.

wiggy, care to show some evidence to your claims of price fixing?

Originally posted by sardion2000
wiggy, care to show some evidence to your claims of price fixing?

Just repaired the casing of a well that was damaged during a drilling process, to remove 6 cemented "zones" in a multi formation well.






The zones were being opened up to increase production, this well has been around for a few years.

This was for a "mom and pop" company, still worth a few dollars, but a small company as far as shell/bp/devin/exxon/etc are concerned. Oil companies hold reserves. if they have the mineral rights to enough acerage, they can plug the well, and slowly draw from it. If they only have a few square miles, they will try to get as much as they can from the formation, as someone in a neighboring lease could also be drawing from that formation.




[edit on 21-7-2005 by wiggy]

Originally posted by Seekerof
Which assertion do you want credible links to?
This one is from an .edu site on the number of people murdered by Communism:
HOW MANY DID COMMUNIST REGIMES MURDER

Communism has been the greatest social engineering experiment we have ever seen. It failed utterly and in doing so it killed over 100,000,000 men, women, and children, not to mention the near 30,000,000 of its subjects that died in its often aggressive wars and the rebellions it provoked. But there is a larger lesson to be learned from this horrendous sacrifice to one ideology. That is that no one can be trusted with power. The more power the center has to impose the beliefs of an ideological or religious elite or impose the whims of a dictator, the more likely human lives are to be sacrificed. This is but one reason, but perhaps the most important one, for fostering liberal democracy.

seekerof

[edit on 14-7-2005 by Seekerof]

Thanks, Seekerof. However, a Liberal Democracy is most definately not the way to go, either. Communism cannot begin or thrive without a democracy in place. What is now called the "Pregressive" party, and "Liberal Democrats" believe in marxism and Socialism, both of which have failed as completely as, but is still just a hairs breadth away from, Communism. The commies are still out there, even in America... and they've voted for Democrats for the past 18 years. America is not a Democracy, but a Representative Constitutional Republic. The Demos have somewhat changed that over the past 50 years they were in power, but more and more Americans have seen that is not the way to go, and voted as such.

Peak Oil. It's just a corporate media conspiracy theory.

Convienient time eh? Isreal is on the eve of war against many middle eastern nations and all of the sudden the well is starting to run dry.

We've entered the age of the resource war. There is still plenty of oil but the militaries of the world have already eyed it out as their own.


*Did you know that in 1970 the Oil corporations taped a resevoir in Alaska and they measured it at roughly 300-500 years of oil. They tapped it but even now as Bush has been pushing to drill in Alaska they have never tapped a drop of it?

True story. If you do some researching of your own you will discover it to be fact. They never disclosed the figures officially.

A book has been written about it. *Energy Non-Crisis*


[edit on 10-12-2005 by Huabamambo]

[edit on 10-12-2005 by Huabamambo]

"......the ppl who are the ones profiting from this peak oil scenario are the sheiks, the oil companies cartel, and the various stakeholders in the industry, the small fry is being deep fried in this large vat of oil.. hmm... such a pity. We all believe such Misinformation... People have to know how to make this PEAK OIL scenario, (if it were real,) an opportunity to exploit other potent forms of energy as well as conserve and save our pennys".

There is no direct replacement for oil, and probably will never be. There's just too many different things made from it.

"....other potent forms of energy"....... nuclear is the only other potent form of energy. Nothing else has the BTU's-per-pound than coal and oil.

Helium-3 is found on the moon.... two shuttles worth can power the USA for one year, but it will be a while before that becomes a reality.

Oil will last long after we have developed other economical forms of energy production, then the remaining oil can be used to make all the other things (paint, plastics, etc) and, hopefully, we will develop something for that.

i wonder what will happen... even tho there are alternatives!.
Kenetic energy?

Alternatives to oil and coal???? Other than Nuclear (and Helium3), name me just one that has the same amount of BTU's per pound!

Originally posted by Huabamambo
Peak Oil. It's just a corporate media conspiracy theory.

Corporate media conspiracy theory?

That is funny.

I work in the spy-riddled, oil-soaked monopoly press (as Sherman Skolnik used to call it) - the Mainstream Media, and I can assure you, that its origin does not lie there. If you asked the vast majority of those who work in our newsrooms what peak oil is/means, you would be stared at blankly. Some know about it, but most don't have time to even think about it.

Supplies of oil are not dwindling there's huge proven reserves untapped and tapped and there is an unknown amount more ready and willing to be discovered.

We've mined Gold for many thousands of years don't you think the world's most valued commodity that is so rare would have ran out long ago?

The end of oil is a well bought idea by those of whom have invested heavily in the consumer fuels market with no respect toward oil.

I cannot begin to describe, but I will, the annoying pull in the back of my neck when I read newspaper articles claiming windmills and solar farms will "curb" oil demand. This is an outright lie. I have seen commercials that indicate an entire industrial coal fired power plant can be replaced with three windmills. This is outrigh misleading.

The end of oil is a myth created and fed to the masses by everyone from those with an abundance of oil, Russia, to those with a nagging lack, China.

If I were you people, I would be careful to investigate whom may be making these claims of impending doom on the horizon.

The end of oil is a canvas with a beautifully oil based sunset, for the ill-informed.

Hmmm . . . Peak Oil

Greatest Produciton was last year at 86 million b/day . . .

Yet price has dropped to $50 . . .

Common Sense says there is no oil shortage . . . Hmmm

Yep, that's it Peak Oil is over! Yipee!

No, wait a minute, it could be a supply and demand thing . . .

Hmmm . . . production is stagnate, than that means demand is down????

Maybe, we are looking at a recession . . . Yikes, welcome back peak oil!

If Peak Oil is such a fraudulent issue then explain the mad rush to into the mideast, caucuses and Africa militarily.

Do you not see any connection to the control of what's left to be tapped? There has to be such an explanation for the current insane foreign policy this administration embraces.

Its bloody madness and greed does not get near to covering it.

Just in case anyone here is unfamiliar with this administration's main policy goals, I would encourage you to look at the PNAC documents (that's Project for the New American Century). We are in the midst of a new (real) cold war. It is an energy war. Our main enemy is China. In short, we are racing China towards possession of the globe's final reserve supply.

PNAC
www.newamericancentury.org...

Mod Edit: External Source Tags – Please Review This Link.

[edit on 22/1/2007 by Mirthful Me]

Theres plenty of crude to go around for many hundreds of years...just not enough refineries.

,,,and as for price fixing....its has happened and will continue to happen as long as there's justification for the price of crude.

www.competitionbureau.gc.ca...

..But is gasoline REALLY THAT EXPENSIVE?????....

...next time anyone is at their local ESSO gas station, compare the price between a 2 litre BOTTLE OF COKE and 2 litres of GAS....

...see which one is more expensive...you'll be suprised...

if you look at the global market for gasoline, we probably don't pay enough here in north america......

Originally posted by EastCoastKid
If Peak Oil is such a fraudulent issue then explain the mad rush to into the mideast, caucuses and Africa militarily.

What century of warfare would you like to discuss? 17th, 18th, 19th, 20th? Or perhaps precolonial? LOL!!!

Explain WWI and WWII. Peak oil?

hey, a fact is a fact. do not beleive what i say, just check it out yourself. sure there is alot of untapped oil, BUT it cannot be used because it will not be cured to use untill about a couple of thousand years. come on. even the history channel said this same thing. oil companies can say , sure lots of oil here, but what they don't say is (just wait a couple thousand or so years to cure). WOW, ,,,, hey east coast kid, good job there, www.newamericancentury.org.... oh, by the way. let me exsplain the peak oil situation in the past world wars. hmmm , lets see WAR , that just might hinder oil production a bit aye. lets see, hello. don't you think it might be a little bit difficult to ship oil in nasty waters, like getting bombed,or being deverted, or maybe the big one. NOT BEING PUMPED, due to what. WAR. now lets talk about the alaska resivoir. it is good, and can be pumped, so they say it will last 400- 500 years. greatly made up lies. sure there is oil there, but not even near the amount they say. they currently pump oil out of there now, which is starting to go dry. here is a quote, "the toppling of domminos deserve some attention from the bush administration. each delayed or canceled oilsand project here means more dependence on russia,mexico or opec members. increasing the possibility of disruptions, because of political unrest or terrorist activities." well does this mean iran. i think so people. convenient timming eh. isreal on the eve of war against many middle eastern nations and all of a sudden, the wells are drying up. sure,,,, the wells are drying up(only if we do not) get this bigger oil package with saudi, if we get the package, then things will be ok again. our top oil heads go this february to make this deal. we need more oil comming into the usa now because we have more people consuming the products. so a new package is nessessary. but we have to also look at the picture that other nations use oil here too and we compete for it, so we are in a war to compete for oil. increasing the possibility of disruptions, which was stated earlier in a quoted statement. iran will not let this oil package to happen people , we have our battlegroups over there to protect this deal with saudi. these disruptions are the iranians. sure there are many oil wells, but no large oil elephants that has been found yet that can be used. sure some have been found, but what is not said, is it will take thousands of years to cure or be even ready for pumping. IT IS WHATS NOT SAID , in the oil companies and the gov't is not telling you the whole truth here and neither is the oil companies. they want to maximize profits and supply and demand as much as possible to control you.

[edit on 23-1-2007 by littlebird]

Oil is most certainly not running out and before you insist on spreading what simply can not be proved and is not consistent with observation i would like you to read the following.

At 2003 consumption levels [2], the remaining reserves represent 44.6 years of oil and 66.2 years of natural gas. Does this mean that the world will be out of fossil fuels in 50 years or so? That theory has been around since the 1970s. In fact, the figures for years of remaining reserves have remained relative constant over the past few decades as the industry has replaced consumption with newly discovered oil and gas deposits and has developed technologies to increase the amount of oil and gas that can be recovered from existing reservoirs.

No one can know for certain how much oil and gas remains to be discovered. But geologists sometimes make educated guesses. For example, the U.S. Geological Survey (USGS) conducts periodic assessments of U.S. mineral resources. In its most recent assessment (1995), the USGS estimated that the onshore U.S., including Alaska, has undiscovered, technically recoverable resources of 112.3 billion barrels of oil and 1,074 trillion cubic feet of natural gas. In a separate assessment of offshore resources completed in 2000, the U.S. Minerals Management Service (MMS) estimated that 75 billion barrels of oil and 362 trillion cubic feet of natural gas underlie the areas off the coasts of the U.S. The USGS and MMS resource assessments make clear that, despite being a very mature producing area, substantial resources still exist in the U.S.

World oil resources to 2025 may be more than two times current reserves, based on an estimate from the U.S. Energy Information Administration (EIA) using USGS data. Reserve growth of 730 billion barrels accounts for new discoveries and the expansion of what can be recovered from known reservoirs due to advances in technology and improvements in economics. But EIA estimates that in 2025, countries around the globe will still have more than 900 billion barrels of oil remaining to be discovered. EIA estimates total world oil resources at more than 2.9 trillion barrels of oil.

How much oil and natural gas i left?

"In 1947, proven oil reserves were 68 billion barrels. Between 1947 and 1968, 783 billion barrels were used —and proven reserves in 1998 stood at 1,000 billion (1 trillion) barrels.

"In 1966, world reserves of natural gas were 1 quadrillion cubic feet. Between 1966 and 1998, we used 2 quadrillion cubic feet — and reserves in 1998 stood at 5 quadrillion cubic feet.

"In 1949, world coal reserves were 256 billion short tons. Between 1949 and 1998, we used 168 billion short tons — and coal reserves stood at 1,000 billion (1 trillion) short tons."

www.oism.org...

WASHINGTON, DC, June 21 -- BP PLC tried recently to quell renewed concerns by some industry observers that world oil reserves are running out sooner than expected.

"2003 was a turbulent year in the world's energy markets, with supply disruptions, strong growth in both demand and production of oil and coal, and the highest prices in the oil and gas markets for 20 years," said BP Chief Economist Peter Davies.

However, he said, "The high prices were not driven by fundamental resource shortages: In 2003, the world's reserves of oil and natural gas continued their long term trend of growing faster than production."

BP: World oil and gas reserves still growing at healthy pace

I could go on but lets see you actually substantiate the peak freak propaganda with more than the lies they normally spread.

Stellar

reply to post by EastCoastKid


Actually NOPE. There is quite a bit of oil left throughout the world. The only reason supplies are restricted is because the oil companies have have artificially caused this to keep overhead down and profits up. There is still an incredible amount of oil throughout the world.

I would say it's easier to stay in denial and believe in a magic oil fairy that will save us all and vanquish those price hiking, oil hiding genies...instead of planning a future without cheap oil. Perhaps they did too many drugs in youth and are stuck in Peter Pan mode. I also think the correlation is as oil spikes above $100/bbl, average IQ of humanity will drop below 100 in unison.

Rationalizing who to blame for a lack of cheap finite resources in order to increase their insatiable lust to consume, makes people look as dumb as the rocks we drill through, whereas many of those same brainwashed parrots think invading Iraq was for anything but oil. I have found that there's no sense trying to argue the point with smucks and fools.They will learn soon enough when they are out of a job, gas, credit and food.






[edit on 11-11-2007 by Regenmacher]