And if there are still such finds to be made i am not buying into even north sea peak stories just yet. The most probable reason for the North sea
slump is probably the fact that the world oil prices fell so sharply in the 90's and that North sea production is in fact far, FAR more expensive
than ME oil and more in fact more so than most other places; if any region is to decline due to plentiful supplies elsewhere we can expect it to
happen there first and the recovery to take some time.
My favorite quote from this article comes from Dr David Campbell, a former chief geologist and vice-president for several major oil companies.
He personally believes we have already passed the peak of easily obtainable oil.
He also believes we should already be paying 150 -180 dollars per barrel of oil.
Dr Campbell, is a former chief geologist and vice-president at a string of oil majors including BP, Shell, Fina, Exxon and ChevronTexaco. He explains
that the peak of regular oil - the cheap and easy to extract stuff - has already come and gone in 2005
By employing graphs that do not correspond to observed reality...
Why is he saying this now? Dr Campbell states "When I was the boss of an oil company I would never tell the truth. It's not part of the
game." Do any of you honestly believe that we're not being lied to? What further proof do you need?
Oh the oil companies are doing their best to deceive us but since they have long since noted that few believe them anyways they are now telling the
general truth about reserve numbers and instead have themselves 'exposed' by former employees thus still manipulating us into paying trough our
teeth for the same old plentiful crude. Don't bother wondering if i 'trust' the oil companies as i sure as hell do not!
I know you people here are hard to please and sometimes overly skeptic, so let me give you more evidence. Let's look at the world's oil
production rates in the last few years.
Why should we look at the worlds oil production rates? Would the decline of farming land mean that the Earth is shrinking? What does production
volumes really have to do with oil in the ground in a world were 25 000 people are still starving to death each day despite the worlds food production
exceeding a , generous, allocation of food for every person per day? What is being done is that a great many people are simply ASSUMING that oil will
be extracted in the quantity that is being demanded and at affordable prices despite the fact that we know how gold and diamond prices have been
manipulated for centuries.
If we're not running out of oil then petroleum companies should be increasing supply to keep up with demand or at the very least keeping
supply on the same level.
Why should they when prices fall to eight dollars per barrel ( it reach that in the mid late 90's) when they flood the market with amounts of oil
they can really produce? Should we assume the oil companies are stupid and not doing their best to make a killing; no pun intended?
Oddly though, when we look at the production rates we see that production is actually tapering off.
Well if some governments insists on bombing so many countries and disrupting oil production in so many others what are we to expect to happen to oil
production? Why are some of the most disrupted countries also those with the greatest potential, that tends to fall outside the sphere of western
influence, to increase their production those that gets invaded or threatened with such?
The peroleum industry is either reducing production to increase prices, or we're seeing an actual problem with their ability to get oil out of
Well we know reserves are fast rising and that oil were still being sold for less than ten dollars a barrel less a decade ago so how can it be argued
that some of the 'last' oil will be sold so very cheaply in the name of deceiving the public?
The real price of gasoline (in inflation adjusted 2005 dollars) remains below the 1981 peak.
Now that's a fact as much as the blue sky is and once one takes that into account the peak oil deception falls flat on it's face.
Neither explanation is comforting. These charts back up Dr Campbell's claim that 2005 was the peak year. The alarm bells are ringing loud a
clear but will any one hear them?
I don't hear them but i suppose i have the filters running.
The charts do back up his claims but if you give me some crayons a ruler and 'facts'
of my choosing i can make some interesting graphs myself. Given the proper 'inspiration' i believe i can prove that the world has already run out of
oil and that 'they' are simply lying to us, somehow.
One group of individuals who obviously hears the alarm quite well is the much hated Bush administration. You don't honestly believe that we
invaded Iraq to stabilize and secure a source of dates and palm trees?
No i do not and given the reduction Iraqi oil production i am quite sure they went there ,as elsewhere, to interrupt the worlds oil supply thus
creating a global need for more dollars while also preventing the Iraqi's from accepting Euros, crushing Saddam's efforts to spend at least some oil
money on Iraqi's, aiding some European governments in creating energy shortages and generally sending the message that other social orders are simply
not going to be allowed.
We're clearly not concerned with mass genocide. Why do you think that Sudan gets ignored when millions there die from internal
Because the casualties are largely incidental ( these types of people do not care about genocide either way as long as they get what they want) and it
seems that Sudan is largely serving US and CIA interests in the region by spying on the Iraqi resistance and doing the CIA all kinds of other favours.
Of course the real reason we invaded the Middle East is because 2/3 of the world's remaining oil supply is located there.
I would correct you by saying that two thirds of the worlds very very cheapest oil comes from the ME and that such cheap oil will once again drive
down prices to the 15-25 dollar range. This the US government can not allow so they are doing their best to allow the insurgency to continue thus
keeping a potential 2-3 million bpd of the world market. Coupled with with other intervention strategies in Afghanistan, Nigeria, Venezuela and
elsewhere there is not only the every increasing refining shortage but a actual , slowly growing, physical oil 'shortages' in that the global demand
grows far slower than it otherwise would.
Jump over to your favorite news site and see how many of today's stories are centered around Iran and the Persian Gulf.
As with all good propaganda you have to keep drowning out alternative views while reinforcing your own lies...
When the U.S. attacks Iran, and they will attack Iran, you'll hear all about how Iran was invaded to stop their nuclear ambitions.
The US can probably not invade Iran at this time without Iraq literally going up in flames so while a large scale air campaign and ballistic/cruise
missiles exchanges might start late this year or the next i don't see a ground invasion any time soon....
Oddly enough N. Korea got away with creating nuclear bombs and thumbed their noses at the world. Did we see 3 aircraft carriers flock to the
region to keep things stable? No, the U.S. doesn't really care about N. Korea having bombs anymore than they care about Iran having bombs.
North Korea does not have the type of oil reserves that could soon make a it a net exporter hence the lack of US interest in that particular state.
I suspect that Iran has as many nuclear bombs as Iraq had chemical weapons. Fortunately for the Bush administration, you don't need proof to
attack. Just a good story to scare everyone into action.
Oh the Iraqi's had plenty of chemical and biological weapons , the US&allies supplied it or the infrastructure&technology to produce it, but it was
all taken apart after the first gulf war as both the CIA, the IAEA and other agencies well understood by 2001 and certainly 2003.