posted on Apr, 21 2006 @ 05:33 AM
This could well be the case and I have suspected for a while that in a world that IS abundant, are we really on the verge of peak oil? (yes, even at
the rate that we do consume).. From that perspective of greed and foundation in iniquity, wouldn't it make so much sense to keep any potential/
actual major oil discoveries underwraps whilst panic and mania about the end of oil circulate like the multiplication of bacteria- to the benefits of
corporate greed and shareholder delight.. I think so and thought the following (something I found), is quite interesting..
Lo these many years ago my wife worked as a geophysicist for a major oil company. Her job was taking the seismic data and turning it into maps which
the bigwigs would then use as the basis for oil lease bidding. Human beings don't do this any more; her job was given to a computer in the
mid-1980's. A lot fewer people now see the raw data she saw.
And having seen a lot of that raw data with her own eyes she has told me that Peak Oil is basically b*llsh*t, and that there is enough oil in the Gulf
of Mexico alone to power the entire world for at least a hundred years. The majors have done just enough exploration and drilling to make sure we have
the technology to extract this oil when it becomes both economical and necessary. It's already economical during a speculation pulse such as we're
currently in, but she also thinks the US is deliberately pursuing a policy of depleting the rest of the world first.
This isn't shale oil, it isn't wind farms, and it isn't hybrid cars. It's the sweet stuff our refineries use best and it can be extracted in
massive quantities with existing technology. It is quite feasible to quintuple our production within a couple of years. There is a lot of idle
hardware sitting around in Texas and Louisiana, just waiting to be started back up and pointed south.
The reason this oil doesn't show up in the Peakers' numbers is that we haven't aggressively explored out there. As my wife has told me, "basically
the further out you go the more you find." But until we actually send the seismic surveys out there and drill some more wells, that oil is invisible.
And there are good sound Machiavellian reasons for keeping it that way, not the least of which is that everybody in the industry makes more money when
panic is holding the speculation bubble up.
Peak Oil is nothing more than a psych-out in a global poker game. Several players think they have winning hands, but as cards are revealed their
position weakens. The US has four cards to a Royal Flush and everybody else is running around wondering if we will make any hand at all, or somehow
pull the last ace we need out of the deck at the last second. What they don't know is that the last ace isn't in the deck, it's in our pocket.
We're just encouraging everybody else to bid up the pot before we whip it out and pull the rug out from under them.
Peak Oil is just our way of saying "bid it up, people, you've got us, if we're lucky we might get a straight or a flush, and your two pair will
nail us. Heh heh heh. Don't go believing in no aces, only an idiot believes that ace is going to come to us." And it's gonna be a shock I tell you
when we flip that ace over and it turns out we control the world's entire oil supply.