Originally posted by SkipShipman
Will this Entire Section get it Right?
"Peak Oil," has absolutely nothing to do with actual available reserves, but with refinement capacity, a deliberate choice from the increasingly top
layered oil cartels.
It sounds as if you are changing the definition of Peak Oil into something else. That's like saying "Global Warming has nothing to do with CO2 in
the atmosphere, but deforestation." Refining capacity is a related issue, but Peak Oil has an accepted definition which everyone discussing it
accepts, regardless of whether you believe it or not. We can't have a discussion if we don't even agree what the words mean.
What you describe would be called the "Great Refining Capacity Crisis," if there is such a thing. The failure to build additional refining capacity
in the US is attributable to several things -- strict local and state opposition to additional polluting industry in their state, the ability to build
refining capacity overseas or over the border (California's new LNG port will probably be built in Baja California), and oil multinationals
reluctance to invest in additional capacity when supply is dwindling. It's like building extra seats for a Montreal Expos game. What's the point?
More centralized ownership of refineries, and oil supplies are at issue. More mergers of an already heavily concentrated industry that also
owns the media is the problem with "Peak Oil."
The oil industry in the West is highly concentrated and will continue to merge because there are fewer and fewer places for them to explore. This is
called "drilling on Wall Street..." The oil majors need to replace the reserves they are depleting; most reserves in Canada and the US are already
discovered and owned, so in order to grow they are buying out the smaller companies.
However most of the global reserves are owned by State oil companies, like Saudi Aramco. This chart illustrates the point pretty succinctly:
Oil majors like Exxon and BP are barred from owning state-owned oil industries outright. That's why the fuss over Russia nationalizing Yukos, among
...There are massive gas and oil reserves just offshore in the Gulf of Mexico, now simply build the infrastructure and you can profitably
produce and sell petroleum products at a much lower price driving the overall economy. Existing reserves in Alaska can fill every need of the entire
United States for a very long time, however at current flows of the market most all of that oil goes to Asia. That is why "opening the Alaska
reserves," as the White House wants to do, is absurd when almost none of it reaches the United States.
These are bold claims that require proof. Even a cursory familiarity with the energy industry would show that these are extraordinary claims that if
true, mean that every single driller in Alaska and the GOM is lying to the SEC about their stated reserves in their financial reports. What are your
sources? Drilling in ANWR is a drop in the bucket. Production in the Gulf of Mexico is dropping; Cantrell, the second largest oil field in the world,
has already entered decline, according to Pemex.
The problem right now is that planned shortfalls in refinement capacities results in this "Peak Oil," propaganda campaign. Well I suppose you
cannot blame Ruppert for taking money either directly or indirectly from this oil cartel. He appears to be a primary proponent of it; hey you got to
make a living don't you?
Just because Michael Ruppert has taken this publicly available information and woven it into his own unique worldview does not discredit an entire
scientific field. That's like saying all SETI projects are a giant fraud because the Heaven Gate's cult used bizarre writings to encourage
Well for those people who want to face the full gamut of facts, such things are not entirely a fantasy but rather direct planning. You are
paying inflated prices right now; an educated guess is more than 20 times production costs. Face it and get it right.
This group should be renamed "Peak Oil Fraud."
You really haven't presented any facts or demonstrated much understanding of the energy industry in your scathing attack on this entire forum.
Your post sounds somewhat emotional. It can be shocking when you first learn about Peak Oil, when the implications sink in that a lot of our way of
life is under threat and could possibly rapidly decline because of a lack of foresight and leadership and some rather unfortunate economic laws.
We can all hope that Peak Oil will happen slowly and that the extreme scenarios people like Ruppert present are unlikely. We can work together to try
and overcome the problem, or we can live in denial and blame easy targets like the oil industry, the politicians, or the Arabs.
The truth unfortunately is more complicated and more tragic than that.