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Do you believe in Peak Oil Now?

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posted on Jun, 9 2008 @ 01:16 PM
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I just keep wondering if this massive hike in fuel prices is the big banking means of recouping massive losses, due largely to their gambling debt on the sub-prime mortgage roulette table?

The speculators have been going into overdrive and pushing the oil prices up since about the same time the sub-prime losses started mounting up. Just a theory of course but the timing of the two events seems mighty coincidental.




posted on Jun, 9 2008 @ 01:39 PM
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This is a test. In the event of a real post, you would have been instructed on something or the other.



posted on Jun, 9 2008 @ 01:43 PM
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Cool now it works
I did restart my computer, but I don't know if it worked because you posted or because I restarted my computer...lol


OK Peak oil is here!!!!!

And as time goes by I will post that it's our reality!



posted on Jun, 9 2008 @ 02:00 PM
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The weird thing about this whole oil business is when we do peak at say " $5.00 a gallon or six, seven etc... Lets say seven dollars a gallon in the United States. Everybody will rejoice when it fall to $3.50 a gallon and say " that's cheap ".


I honestly feel that America doesn't know what hard times are and has been a "give me" nation that is spoiled out of control. I still don't believe in peak oil. I believe our government is more afraid of the environmentalist then they are of their own normal citizens. And it scares me to know that our government leaders will listen to these environmentalist instead of what the people want. It scares me to know that our leaders would listen to other countries before even taking into consideration of what their people say and want. When the leaders are no longer afraid of it's people then the leaders win and we lose.



posted on Jun, 10 2008 @ 05:16 AM
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Originally posted by LDragonFire
OK Peak oil is here!!!!!


Which is what the peak oil cheerleader have been screaming ever second year since the 1980's.
Fool me once shame on me fool me twice shame on you? Where is your pride and how many more times are you going to be taken in the the same old scam?


And as time goes by I will post that it's our reality!


Why must time go on for this to become any more accurate than it is today? Either we have reached a high point in oil production that well never be surpassed again or we haven't! You really can not have it both ways!

Where is the evidence that world oil production can not be expanded?

Stellar



posted on Jun, 10 2008 @ 06:11 AM
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Originally posted by StellarX

Originally posted by LDragonFire
OK Peak oil is here!!!!!


Which is what the peak oil cheerleader have been screaming ever second year since the 1980's.
Fool me once shame on me fool me twice shame on you? Where is your pride and how many more times are you going to be taken in the the same old scam?


We have had this debate before, and now we will continue it. People have been discussing peak oil long before the 1980's, It was first introduced by:


Marion King Hubbert (October 5, 1903 – October 11, 1989) was a geoscientist who worked at the Shell research lab in Houston, Texas. He made several important contributions to geology and geophysics, most notably the Hubbert curve and Hubbert peak theory (or peak oil), with important political ramifications. He was often referred to as "M. King Hubbert" or "King Hubbert".
wikipedia


He made other prediction regarding natural gas that he was dead wrong on he also made prediction about coal that have vet had time to mature.

However regarding peak oil and the USA he was dead on:


The Hubbert peak theory posits that for any given geographical area, from an individual oil-producing region to the planet as a whole, the rate of petroleum production tends to follow a bell-shaped curve. It is one of the primary theories on peak oil.

Choosing a particular curve determines a point of maximum production based on discovery rates, production rates and cumulative production. Early in the curve (pre-peak), the production rate increases due to the discovery rate and the addition of infrastructure. Late in the curve (post-peak), production declines due to resource depletion.

The Hubbert peak theory is based on the observation that the amount of oil under the ground in any region is finite, therefore the rate of discovery which initially increases quickly must reach a maximum and decline. Extraction roughly follows the discovery curve after a time lag (typically about 35 years for development. The theory is named after American geophysicist M. King Hubbert, who created a method of modeling the production curve given an assumed ultimate recovery volume.
Hubbert peak theory wikipedia


And according to this graph he was completely right:





Why must time go on for this to become any more accurate than it is today? Either we have reached a high point in oil production that well never be surpassed again or we haven't! You really can not have it both ways!

Where is the evidence that world oil production can not be expanded?

Stellar


Truthfully what more evidence do you need, just goto the gas station and tell everyone there that there is plenty of oil or gas and lets see the response you get. You can argue this when good news about oil and gas prices start coming in, do you expect to be able to do this soon?

world oil production can't be expanded if the rate of discovery's do not even come close to production. thats the peak oil theory!



posted on Jun, 10 2008 @ 12:02 PM
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Originally posted by LDragonFire
We have had this debate before, and now we will continue it. People have been discussing peak oil long before the 1980's, It was first introduced by:


He was discussing peak oil for the UNITED STATES since it was so well explored at the time. To propose that we use the Hubbert curve for the rest of the world is shear ignorance.


He made other prediction regarding natural gas that he was dead wrong on he also made prediction about coal that have vet had time to mature.


So according to you it's one out of three predictions while i would argue that it's non out of three?

However regarding peak oil and the USA he was dead on:



The Hubbert peak theory posits that for any given geographical area, from an individual oil-producing region to the planet as a whole, the rate of petroleum production tends to follow a bell-shaped curve. It is one of the primary theories on peak oil.


Yes, wiki author , it posits presuming that sufficient geological and general information exists which was in good part the case for Northern north American. To suggest that the Hubbert curve will hold true for the rest of the world based on far far less data is shear speculation.



Choosing a particular curve determines a point of maximum production based on discovery rates, production rates and cumulative production. Early in the curve (pre-peak), the production rate increases due to the discovery rate and the addition of infrastructure. Late in the curve (post-peak), production declines due to resource depletion.


So unless we know what type of production rates are being employed how will we ever know if oil is actually running out of if they are just making their profit trough higher prices while hanging on to the oil ?



The Hubbert peak theory is based on the observation that the amount of oil under the ground in any region is finite, therefore the rate of discovery which initially increases quickly must reach a maximum and decline.


And we don't know for a fact that it is in any obvious way finite and our best estimation corresponds more to the extraction cost than to any fundamental determination as to how much there is to be had.



Extraction roughly follows the discovery curve after a time lag (typically about 35 years for development. The theory is named after American geophysicist M. King Hubbert, who created a method of modeling the production curve given an assumed ultimate recovery volume.
Hubbert peak theory wikipedia


And for those that don't yet know this guy was asked to develop such a predictions by non other than the oil major he happened to work for at the time. How often is such predictions accurate and why has his oil predictions came to be true when the same can not be said for gas and coal? Why has twice the 1975 us oil reserve figure been produced to date? What does that say about reserve figures other than that they are hopelessly conservative for even well explored regions?


And according to this graph he was completely right:


The only thing the graph illustrates is that oil production followed the curve laid out by Hubbert. It does NOT prove that how much oil there was or are today. Where after all did all the oil come from that has been produced since the initial reserve of 1975 were exhausted within a few decades?


Truthfully what more evidence do you need, just goto the gas station and tell everyone there that there is plenty of oil or gas and lets see the response you get.


And what pray tell do they know about this subject matter other than the fact that they are paying more and more for gas? It's not that i need more evidence it's that i need ACTUAL evidence instead of this circumstantial illogical reasoning that tells me that the world's oil suddenly ran out and coincidentally so just as the US economy were tanking and a serious oil producer invaded. I wasn't born yesterday and i really can't do much about the fact that you apparently were.


You can argue this when good news about oil and gas prices start coming in, do you expect to be able to do this soon?


So please explain to me just how much gas and oil prices have to do with what people pay at the pump ? Do you know what are the sales and federal taxes are and the profit margins of oil producing countries and or oil majors? Why do you insist that high prices MUST mean that oil is running out? Do you panic when bread prices go up and immediately start wondering if there will ever be so much bread again? bah.


world oil production can't be expanded if the rate of discovery's do not even come close to production.


The rate of discovery has exceeded the rate of production for the vast majority of years during the last three decades and if it's currently taking a dive that either means there is no more oil to be found , suddenly, or that there is so much in evidence that finding any more could destroy the scarcity fears. Since you know where i stand can you at least explain why we have used up the worlds oil when we have been using coal so much longer and far larger volumes? Why hasn't steel, copped and other metals run out yet? Why on gods earth would OIL run out in a hundred years? How can anyone defend such nonsensical reasoning? In tonnage we mine only about twice as much Iron as we do oil , to say nothing of coal, and have been doing so for THOUSANDS of years longer without hitting any kind of 'peak' nonsense.


thats the peak oil theory!


That may be what you think or believe it is but frankly that's not even what mister peak himself had in mind.

Stellar



posted on Jun, 26 2008 @ 07:42 PM
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More bad news!


(CBS) A new energy report predicts $200-a-barrel oil in as short a time as two years. If that happens, gas would likely go up to $7 a gallon - and that would have an enormous impact on the way Americans live
Economist Predicts Increase By 2010, Which Would Take 10 Million Cars Off The Road
Road Warning: $7 Gas May Be Ahead

Please visit the link provided for the complete story.


Still waiting for any Good news!



posted on Jun, 29 2008 @ 11:09 AM
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Originally posted by LDragonFire
More bad news!


Yes it's bad news for the consumers and great news for speculators and their ilk.



(CBS) A new energy report predicts $200-a-barrel oil in as short a time as two years.

Please visit the link provided for the complete story.


And if i had a few dollars for every self serving report on energy i would probably be enjoying this type of news as well. Sure $200 a-barrel is very probably one of their aims and my question is mainly why you and so many others will blindly play along and make them so much richer than they already are? Why the hell do you believe this nonsense and partake in it's distribution?


If that happens, gas would likely go up to $7 a gallon - and that would have an enormous impact on the way Americans live

Please visit the link provided for the complete story.


It would have a enormous impact on how Americans and most people in the west life while it would kill millions of people in the third world, drive a additional few hundred million into near starvation conditions and wipe out the progress a billion or so people have made towards a measure of security. This is not stated but that is the exact aim of those people who are already so fabulously wealthy they could not possible or logically be doing any of this for added profit.




Please visit the link provided for the complete story.
Economist Predicts Increase By 2010, Which Would Take 10 Million Cars Off The Road
Road Warning: $7 Gas May Be Ahead

Please visit the link provided for the complete story.


And taking ten million cars off US road would be LEAST of the problems it causes for most Americans who could in fact probably find a use just one car per family. What isn't said is what it would do to that half of America's population who are already only getting by each month by selling their future ( doing away with health care programs and various other investments) or borrowing against the increasing value of their homes.


Still waiting for any Good news!


Any chance your going to consider when i try to bring some good news by telling you that all of these problems are entirely artificial and can largely be dealt with by sufficient public awareness?

Stellar



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