Originally posted by ProTo Fire Fox
Last week there was a meeting in Jeddah, at this meeting there were many oil producers and lots of high end business consumers as well as some
politicians. The meeting has been dubbed a waste of time, the extra oil Saudi Arabia had agreed to pump has been more or less wiped out by production
lost through rebel attacks on installations in Nigeria.
And isn't it interesting how even the small efforts of the main oil producers are undermined by strangely coincidental production losses elsewhere?
Don't you think they may have gotten the message that if they are willing to pump a whole lot more it might be one of them that becomes 'redundant'
so to speak?
With the failure that this meeting was, a lot of oil experts are saying that prices are going to remain high for the time being, so unlucky
Mr. Joe Average.
Oil 'experts' are likely to keep telling us that oil prices will remain high as they are very likely to understand that there are is plenty of oil
but few stupid enough to risk pumping it for fear of what might happen to their countries....As the speculative attacks against oil futures increases
even average joe's , and their 'bad luck' has nothing to do with bad luck and in fact the result of well laid oil plans, are either forced to the
conclusion that oil prices are heavily manipulated or that we are simply running out of that particular resource.
Although some people are saying that oil prices could fall soon, which has been mentioned here on abovetopsecret.com. It depends who you ask,
but some people will say that we have either passed the point called 'Peak Oil', after which the rate it can be extracted begins an inexorable fall,
or we are very close to it.
Some very well paid people will say exactly that but why would you believe them having observed all the odd 'upheavals' that coincidentally keeps
striking oil producing nations? How long are otherwise intelligent people going to be fooled by these blatant attempts to create panic in the world
markets? As for the whole notion of 'peak oil, as advocated by the peak freaks, the Hubert model was never intended to be used world wide and most
certainly not when such large tracts of the world remains unexplored. Despite all the propaganda to the contrary world oil reserves are growing larger
and larger every year despite the fact that profits keep rising and rising.
Past the fore-mentioned point oil prices can only get higher and higher, don't fool yourself.
Oil available might slow but if alternative technologies are introduced at the speed at which they could be oil prices might recede to very low levels
despite a 'peak' in world oil that we may approach towards the middle of the current century.
But there are options, this could be a great incentive for people to finally start getting low carbon emission fuel sources. use other
recyclable fuel, for example we could start using solar power for a lot of good instead of oil burners and so on.
People DO NOT need incentives as they have been advocating for renewable energy for a very long time. If our governments would act on our wishes oil
production would not have to rise at all as the world economy keeps growing. When ignorant people blame other people for our dependence on oil they
just admit to the fact that they are arrogant and that they have been very effectively propagandized.
If a lot of people don't change soon, then the demand for oil will increase which will lead to the prices getting well out of
Since there are sufficient oil on the world markets to meet demand prices could fall back to the 30 dollar range the moment the speculative attacks
recede but since the forces at work will lose a great deal of credibility in the process they are not going to abandon the speculative attack strategy
very easily or very soon. Once again it wont take a whole lot of people to change as most people would very much like to have affordable solar and
wind power ( or whatever else) which could make them independent from the grid. The only people that need to change are the policy makers who told us
that they would look after our energy needs and generally act in our best interest only to abandon us to the not so free market the moment we gave
them public offices.
It is a known fact that we are Oil-Junkies, our dependence on it makes us nothing short of addicts.
Speak for yourself, please.
We are addicts with an ever-dwindling supply.
And i suppose you believe that widely used drugs are in fact 'scarce' and that their costs to the user are in fact justified? Just like the price of
drugs are hopelessly inflated by regulated and criminal law so the price of oil is pressed upward by a whole host of environmental protection laws,
which are obviously not enforced when it comes to other industries, international speculation, threats of invasion and general organized terrorist
campaigns against oil producing nations.
We need to start to accommodate other options.
'WE' don't need to do anything short of ensuring that our elected start doing the things we elected them to do.
We need to many start to see if we can make much cleaner and efficient cars. We already have some hybrid, Hydrogen and Electric cars but in
some cases these cost more to run than petrol and diesel which is not an incentive to buy one.
We can do all that but what is the point when the government still has incentive strategies that gives small businesses ( and that means almost
anything) a massive tax deduction for owning a hummer?
Electric car enthusiasts scoff at the affordability arguments. They point out that at the same time the EV1 was dropped, GM was busy promoting the
most expensive and biggest gas guzzler of them all - the Hummer.
DAVE BARTHMUSS: I know that there are charges that we killed the electric vehicle program in order to create the Hummer, or be able to afford and
pursue the Hummer program. Again, there is no conspiracy to cut off the electric vehicle because we wanted to pursue heavier and larger vehicles.
People did not demand the EV1 from GM in large enough numbers, for us to pursue it.
CHRIS PAYNE: The Hummer was the ultimate SUV. And in fact, when it came out, you could get up to a $100,000 tax deduction if you were a small business
owner for owning one. So the government gave a message to the people. The message was - buy these huge monstrosities. Meanwhile, the electric car,
when they were on the road, the maximum tax credit you could get was $4,000. So this is how government shapes the future, and unfortunately the
American Government was pushing Hummers and no wonder in some ways the car companies walked away from the EVs and concentrated on these Hummers.
The problem isn't the people but the government who is doing it's best to provide incentives for continued dependence on oil which would then allow
it to use that excuse to keep building aircraft carriers by which to intimidate oil producing nations into producing just barely enough oil to keep
prices high and consumers under pressure; it's a brilliant strategy and it's not only fooling fools.
Tesla motors are hoping to release the 'Electric roadsters' which is meant to be able to do 0-60 in 3.9 seconds, it can also travel
approximately 250 kilometers between charges and its running cost is less than 1 cent per kilometer.
Which is once again only a car the people who could have afforded the gas consumption levels of the Hummer can afford to drive. The Tesla roadster are
designed for the segment of the market that are likely to do far more environmental 'damage' ( if you believe in all that) in their private jets
than anything driving the Tesla roadster can make up for.
There are other options out there. So if we are going to be realistic, do we need to boot the hard stuff now before its too late ?
Sure there are other options and everyone knows it but how many will be willing to spend so much up front to save a environment which they rigfhly
understand to have very little to do with them at the moment?
Thanks for the reply SpartanKL, I think that global warming is a sham.
I'm surprise that you do as that one most certainly has more of a basis in reality than peak oil ever did or can pretend to have.
I think that the oil crisis is real though. When we are currently using 13,831,260,000 Liters of oil, A DAY. When we use this much can
it possibly be denied that we are 'Oil Junkies'.
Find me someone who inject oil into his bloodstream and i can call him a junkie. Oil has contributed no end in the relatively prosperity a minority of
humanity is experiencing today and if it wasn't for it even those few wouldn't have. If we were truly 'oil junkies' everyone would be living like
western Europeans and the world consumption of oil would probably have been three or four times higher than it is today; if oil is a addiction i can
assure you that the majority of the world would like to be just as 'addicted' as the few of us who can afford to sit around disagreeing with each
When we are using this much oil on a daily basis it makes sence that we are running out. After all, there is not an endless resource of it
Sure we will run out of the resource is at all limited but when? Why are world reserves growing?