Only Time will tell, personally my money is on peak oil.

Why you ask? If abiotic oil is true why did the United States peak in 1970 and has never produced more oil? . . . Oh maybe a oil company conspiracy?

they did not peak, they stopped pumping, thus preserving their own precious American based oil for later more expensive use, and giving their oil wells time to refill by the abiotic process, and switched over to foreign overseas oil resources.
They knew at that time, and in fact all the time, that the abiotic process was a fact.
The Russian researchers blew off the lid from that precious abiotic secret, and now independent researchers in US laboratories have confirmed it at last.

Now they have a new exploitable oil reserve 8 Times Bigger than Saudi Arabia's, based on North American soil, on top of their existing secret own reserves.

Please understand that the 7 Oil Sisters operate on a far longer timescale than the average Joe can comprehend.

They needed to do this, in the sure anticipation that oil prices would skyrocket, thus freeing up the possibilities of the Alberta Oil Sands, which thus became profitable, thus exploitable.

They created a fake decrease of oil, "forcing" them to ship oil from all over the globe, which in the eyes of the average Joe made it logical that the price would increase, since the shipping lanes were much longer and costlier than the usual pipelines on the American continent.

Now they are in de facto possession of Mexican oil, Nigerian oil, Iraqi oil and Saudi oil by proxy investment or direct ruling, so guess who benefitted the most.

Energy is the new gold market, for decades past. Gold is over, much more money to make in energy sources.

Unfortunately, all minerals on the earth are finite. You will see in the next few years peak oil, gold, silver, copper, etc. China and India have accelerated the consumption of consumer goods. Look at the metal prices, I know oil has declined but so has demand. Believe what you want to believe I am buying commodities like gold, silver, copper, better than fiat currency.

While you touch on a thought I have held for some time: The US is slowing some of its oil production and using up supplies everhwere else, the notion of peak oil being bogus is hard to choke down.

Lets say for sake of argument that the concerns about peak oil at this point are unfounded. Even if all the other oil "creation" theories are even remotely accurate, there is still only so much produced. At some point demand will have to exceede capacity if it keeps growing at present rates.

Originally posted by mel1962
Only Time will tell, personally my money is on peak oil.

The smart, investor, money is on oil prices rising as that is what those who manipulate the markets are managing to do , despite abundant oil supplies, so very effectively.

Why you ask? If abiotic oil is true why did the United States peak in 1970 and has never produced more oil? . . .

US production peaked in the 70's but production and in-the-ground-reserves are not related in any logical way. Since that time the US have pumped out of the ground about three times the 'proven reserves' it then had and currently proven reserves are still at about two thirds of their 1970 levels.

'Proven' reserves is thus a quite meaningless term considering the massive 'errors' that seems so inherent in the process.

Oh maybe a oil company conspiracy?

It's a governmental and international conspiracy to limit the energy availability for most people on the planet. Energy is freedom and their not about to let us have any more than they must.

Unfortunately, all minerals on the earth are finite.

Finite with two hundred year old technology or finite with 1990 technology? Reserves of all 'industrial' ( required for modern societies) minerals have been consistently rising even if there are large disparities in where they can be found and at what relative energy costs.... We know that LENR are possible and even without that the energy provided by vacuum energy engines could very enable us to transmute, on industrial scales, within the next few decades.

You will see in the next few years peak oil, gold, silver, copper, etc.

Evidence?

China and India have accelerated the consumption of consumer goods.

So? The only real requirement for getting to these minerals ( even if their say 50 miles down) is the negentropic energy ever larger pools of educated labour provides.

Look at the metal prices,

What does prices have to do with how much of the minerals are left in the ground? Supply creates demand as much as demand creates supply in my opinion.

I know oil has declined but so has demand.

Evidence?

Believe what you want to believe I am buying commodities like gold, silver, copper, better than fiat currency.

Probably a smart thing to do as Gold and Platinum will always be good stores of 'wealth' as certainly better than fiat currencies in the long run. That being said the market prices of gold have been nearly consistently suppressed for the last two decades so don't expect to make a quick buck in the short run..

Stellar

Originally posted by FredT
While you touch on a thought I have held for some time: The US is slowing some of its oil production and using up supplies everhwere else, the notion of peak oil being bogus is hard to choke down.

No need for choking if you chew properly but frankly i can't do that for you.

Lets say for sake of argument that the concerns about peak oil at this point are unfounded.

They are, so lets continue...

Even if all the other oil "creation" theories are even remotely accurate,

Oil can certainly be created by abiotic means but the argument the same old liars are now making is that it is not being produced in 'commercial quantities' whatever that means.

there is still only so much produced.

But what does that fundamentally have to do with how much oil there is? Why do 25+ thousand people starve to death each day when we have consistently produced enough food ( on world scale) to feed everyone a western diet since the 70's? Don't tell me demand results must result in supply in economies and markets that are so open to manipulation; the cold dead bodies speaks volumes as to that reality.

At some point demand will have to exceede capacity if it keeps growing at present rates.

Why? We have had alternatives for the most important oil consuming industries since the turn of the last century so we are not even using oil for any sensible reason ( in terms of what most humans want) to start with. It's just a big scam to keep us dependent on heavy and centralized industry that can then pretend that it depends on a 'stable world" ( which can be 'stabilized' by sending aircraft carriers or US/British/Russian/Israeli grunts) for it's overseas resource needs.

There is no reason to think that demand will outstrip true 'oil in the ground' supplies before , at the earliest, the middle of this century and anyone who tells you differently is in my opinion lying trough his teeth and doing so quite knowingly.

Stellar

you can talk about abiotic oil until your teeth fall out, people (think) have no way of discerning PR from fact and will therefore embrace the mainstream view.


overlaying a geological and an oil reserve map will quickly demonstrate that they are for the most part located near the plates' edges...

I have never fallen for that "peak oil" myth. Or should I call it the "limited energy" myth. Petroleum might very well run out but, frankly, that is immaterial. As far as I am concerned, there are plenty of sources for energy to power our automobiles and industry -- bio fuels.

It is a well known fact that Henry Ford originally designed the model-T ford to run on fuel provided by hemp! Yes hemp. As a potential bio fuel, hemp can easily provide the energy we as a nation, as a planet, would require. As a renewable resource, it literally cannot be beat. Unlike the much touted corn bio fuels, hemp does not need fertilizers or insecticides as hemp can actually enrich the soil and it is naturally resistant to insects.

But if we must continue to be dependent upon petroleum and geo-fuels, we have not even begun to tap the available supply. Recently, the Rand think tank announced that shale oil finds in Montana, Wyoming and several other states would provide the United States with petroleum for literally centuries but, if that weren't enough we always have coal.

As an energy source, the United States has coal reserves that could easily supply our nations' energy needs. Yes additional technologies would be required to make the coal based fuels "cleaner" but, nevertheless, this is certainly a viable energy alternative to petroleum and one that would make the United States energy independent and, in the long run, an energy supplier to the rest of the world.

Peak Oil?.......I doubt it.

Originally posted by Long Lance
you can talk about abiotic oil until your teeth fall out, people (think) have no way of discerning PR from fact and will therefore embrace the mainstream view.

I think i will be able to keep the typing up for a few more decades and i don't need no warnings concerning the route the average ignorant mind takes when confronted with ideas that are not widely held and not religious. It's always quite strange to note what people will believe when it suits them thought....

overlaying a geological and an oil reserve map will quickly demonstrate that they are for the most part located near the plates' edges...

Never thought to check but based on the upwelling theory that really is where we should be looking for more validation than we already have.

Stellar

There are massive reserves under the artic ice caps.

Originally posted by mel1962
Only Time will tell, personally my money is on peak oil.

Why you ask? If abiotic oil is true why did the United States peak in 1970 and has never produced more oil? . . . Oh maybe a oil company conspiracy?

The United States has around 2 Trillion Barrels of Oil in "Oil shale" similar to the Oil Sands of Canada.

It's just Environmentalists (which ironically attacked in 1970s) have prevented US oil from being developed.

So ... naturally...the reason US oil peaked is stupid green panzie environmentalists.

Polar Bears according to Global Warming are going to be gone from the wild in a centuary so why don't we speed things up and drill in the Artic

US production peaked in the 70's but production and in-the-ground-reserves are not related in any logical way. Since that time the US have pumped out of the ground about three times the 'proven reserves' it then had and currently proven reserves are still at about two thirds of their 1970 levels.

'Proven' reserves is thus a quite meaningless term considering the massive 'errors' that seems so inherent in the process.

I have to address this as your post makes it look like the term "Proven Reserves" means something that it doesn't.

Here is the definition I found with a quick google search.

Estimated quantities of oil and gas which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions.

It's not meaningless, it's an indicator used by Financial types.

Originally posted by sardion2000
I have to address this as your post makes it look like the term "Proven Reserves" means something that it doesn't.

Here is the definition I found with a quick google search.

Why not go to the SPE website if you must attempt to correct/help me?

Estimated quantities of oil and gas which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions.

It's not meaningless, it's an indicator used by Financial types.

I indicated that it is meaningless in the sense that it really does not predict the general availability or quantity of resources that will be extracted from any given 'proven reserve'. The term is largely meaningless because it is HOPELESSLY conservative if not outright deceptive as to what is really known about these reserves. .

Stellar

As long as the SUN still shining, there is no energy crisis.

Good One, Peak Oil.......Viagra. There is plenty of Oil Reserves, but the oil companies together with their side-kicks who controll the monopoly prefer to keep the oil underground and create a shortage, supply & demand determines the price. There's a guy in India who invented gas for cars from cow sh it, but he is now in the missing files, because he forgot to join the club of merchants or to notify them of his invention.

Bring back the Horse & Cart, the kids will love it.