Key oil figures were distorted by US pressure, says whistleblower

Key oil figures were distorted by US pressure, says whistleblower

www.guardian.co.uk

The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.

The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves.

(visit the link for the full news article)

The evidence is mounting that we are running out of oil, and fast. This I found very interesting:

Colin Campbell, a former executive with Total of France told a conference: "If the real [oil reserve] figures were to come out there would be panic on the stock markets … in the end that would suit no one."

That's an admission of a huge conspiracy, and directly involves governmental figureheads (Bush family anyone?)... stock market crash, industrial problems - let alone the public's modes of transport - a lack of oil would be catastrophic for modern civilisation without any alternatives. Could this be the reason America and it's allies went to war in the Middle East, to secure and control the essential last deposits? I'd say it's quite strong evidence for this argument, no wonder why it's barely covered in the MSM, people are unaware or fail to acknowledge the importance of these leaks.

If you want evidence that corporations and governments are involved together with massive deceptions, conspiracy and cover-ups - then this is probably the area to find it.

www.guardian.co.uk
(visit the link for the full news article)

And so what if the world is running out of oil? That means maybe we all will have to quit living like such materialistic gluttons, atleast here in the West. Maybe the pace of life will slow down a little bit and maybe population won't grow at such a break neck speed............The way humanity is going we will burn ourselves out eventually. How can ANY company expect year after year growth and profit? It's unsustainable. I see this as a good thing. A big huge hiccup the world needs bad. If the world has a little less plastic and a few less gas guzzling cars in it who cares?

Well if we do run out of Oil, I guess its about time.

I didnt think the planet would let us keep burning fossil fuels until we destroyed the planet

On Another note... this is very good for everyone, time to stop using conventional engines for travel... time to be more efficient! Unfortunately Oil Companies bought all the good tech out How come their patents last longer than 7 years?!?!

There are a lot of good pieces written on the subject of oil, here are a couple you all may like to read.


The Next Oil Shock
by Dave Cohen

When will the next oil shock occur? This is a question of interest to many, but it’s not much in the news lately. People tend to forget last year’s crisis. They’re now preoccupied with a barely functioning economy which was further hobbled by the oil price spike in 2007 and the first half of 2008.

Today I attempt to set reasonable expectations about the timing of the next oil price spike. For simplicity’s sake, I will define an oil shock to be a 2 month period where oil prices exceed $110/barrel. My working assumption is that such a shock, after some time lag, will once again help bring a structurally unsound world economy to its knees.

www.energybulletin.net...

From the Washington Post

In a series of articles, The Washington Post examines the economic forces that have unhinged oil prices from their longtime cyclical patterns, propelling fuel costs to once unimaginable levels that are now both fraying the lifestyles of our recent past and speeding the search for an energy source of the future.

www.washingtonpost.com...

Do you have Google Earth? then this tour is for you! Infrastructure, transit and choke points for oil, see why the US wants Afghanistan, Iraq and Iran.

www.aspo-usa.com...

reply to post by prof-rabbit


Its so ironic...

The U.S. is manipulating Millions of its TaxPayers for greed of resources, yet why dont they manipulate us in a good way... Why not begin investing in renewable energy sources, make us pay a little for a much needed technology, not waste the money on something that wont show for the investment. I hate the U.S. now. So many dumb Americans that do not know whats going on in our political system!

I say this is BS.

There probably is a lot untapped oil reserves in the world, it just is a lil more difficult to get. You have to go more deep to get it.

Someone wants this kind of lie to be spreaded IMHO. Who would it benefit? Follow the money.

reply to post by MorfeuZ


So where would those untapped reserves be exactly? If we take the leaks as being true it sounds like you're just regurgitating what these mega-corps and governments are telling you. If you follow the money as you suggested that would lead us to the conclusion that these claims are true as the people who stand to gain and lose the most are the companies and governments themselves, hence the conspiracy! Who is going to profit massively from false claims of oil running out?

Another thing to consider, the current high-price of oil that is showing no signs of going into decline, quite the opposite in fact. Ask yourself why this is. My answer, taking everything into consideration is (for the most part) dwindling supplies.

morfeuz is a disinformant

and No offense, but the earth needs the oil where it is. has anyone ever studied the reactive magnetic field that oil exerts?? Start drilling for oil... start a gap in the ozone follow the resources.

I dont care if its true or not OIL NEEDS TO STOP BEING USED. Only Ignorant people think we should still use oil as a mean of transportation. Its Ignorant, Arrogant, Polluting, and it SHOULD NOT be tolerated!

They did studies about kids within a mile from busier highways... almost all of them had lower grades, more health risks, and problems focusing in school. Educate yourself. The time for OIL is OVER.

Originally posted by MorfeuZ
I say this is BS.

There probably is a lot untapped oil reserves in the world, it just is a lil more difficult to get. You have to go more deep to get it.

Someone wants this kind of lie to be spreaded IMHO. Who would it benefit? Follow the money.

Exactly...

Notice how the report leaves out "Other Fossils" Fuels like Coal? Their numbers are way off about US reserves. However strategically speaking it does make sense. Buy Middle East/Central Asian fuel now, save ours for later.

US Energy Policy

* According to the American Petroleum Institute (API), federal lands, including those on the Outer Continental Shelf (OCS), hold an estimated 116 billion barrels of recoverable oil and 650 trillion cubic feet of recoverable natural gas — enough to fuel over 65 million cars for 60 years and meet the natural gas needs of 60 million households for 160 years.

* However, there could be much more oil and natural gas than has been estimated in areas where industry has not been permitted to explore, and where new technologies allow enhanced recovery of energy resources while protecting the environment.

[atsimg]http://files.abovetopsecret.com/images/member/6b253005a9e0.jpg[/atsimg]


[atsimg]http://files.abovetopsecret.com/images/member/4189d349cdc0.jpg[/atsimg]
Coal

Coal is one of the true measures of the energy strength of the United States. One quarter of the world’s coal reserves are found within the United States, and the energy content of the nation’s coal resources exceeds that of all the world’s known recoverable oil. Coal is also the workhorse of the nation’s electric power industry, supplying more than half the electricity consumed by Americans.

[atsimg]http://files.abovetopsecret.com/images/member/856a08097854.jpg[/atsimg]

Originally posted by Goathief
reply to post by MorfeuZ

 

So where would those untapped reserves be exactly?

[atsimg]http://files.abovetopsecret.com/images/member/3e1568cd1f6e.jpg[/atsimg]
[atsimg]http://files.abovetopsecret.com/images/member/da62870e9d58.gif[/atsimg]

U.S. Policies Put Most U.S. Oil Off-Limits to Drilling

Huge basins of untapped oil can be found on federal lands throughout the United States, according to a new report from the federal government. But much of it cannot -- and may never be -- recovered, because it lies under national parks and national monuments, or it is subject to environmental laws and restrictions that make drilling prohibitive.

The report, which was produced at the request of Congress by the Department of Interior's Bureau of Land Management (BLM), said there are 279 million acres under federal management where oil and gas could potentially could be extracted. More than half of it is totally off-limits to drillers.

First, you had 9/11. They crashed the stock market, allowed the elite to swoop in and consolidate wealth and power, and opened the door to an attack on Afghanistan and Iraq to secure resources.

Then they crashed the financial giants, swooped in, and consolidated more wealth while the people burdened the costs of the losses.

Soon, they'll scare the world with a depletion of energy, crash the stock market, and control even more wealth and power.

Kind of odd how these things are all happening within a decade of each other, don't you think?

2001, 2004, 2008..2010-2012 look for something interesting to happen!

These estimates do not take into consideration all the oil wells that have been capped in the 50's and NEVER uncapped to redrill. The oil is of a different quality and until recently the ability to refine to a high degree needed wasn't available. There a millions of barrels of oil in previously drilled wells in the midwest.

Zindo

[edit on 11/11/2009 by ZindoDoone]

reply to post by ZindoDoone


True.

Here some interest perspectives. Again the Two areas that always get left out in these gloom and doom stories. Natural Gas and Coal.

America is Saudi Arabia of gas -- Pickens

DALLAS, Nov. 10 (UPI) -- There is enough natural gas in the United States to supply the country with its energy needs for the next century, said energy advocate T. Boone Pickens.

"America is the Saudi Arabia of natural gas," said Pickens. "It's time for us to use this abundant resource to end the cycle of foreign oil dependency and addiction that is making us less safe and more economically insecure."

Texas oil baron sees gas as game changer

CALGARY - North Americans need to embrace natural gas as the clean-burning solution to North America's energy and environmental security, one of the world's leading oilmen told the Calgary Herald's editorial board Tuesday.

Originally posted by Goathief
reply to post by MorfeuZ

 

So where would those untapped reserves be exactly? If we take the leaks as being true it sounds like you're just regurgitating what these mega-corps and governments are telling you.

Why is it that when you find a "leak" it is suddenly fact and a huge oil conspiracy? When another person gives his opinion then he's just regurgitating something that megacorps and governments are telling them.

The source you cite already states that it commited fraud by lying about numbers and now you want to use what they say as a basis for a huge conspiracy.

This one article isn't enough to hang a hat on, much less a worldwide oil conspiracy.

Maybe you are the one with regurgitation issues.

reply to post by badgerprints

reply to post by SLAYER69


You have completely negated an important question that was posed both by Morfeuz and myself - who stands to gain/lose the most with the lies? As I said, the only group who'd have a interest in lying would be the oil companies themselves. Who is suddenly going to spring up with an alternative? Nuclear is arguably a better answer for power (at present) than coal, coal is not used in petrochemicals either - which are pretty much an essential in this day and age. Let's remove coal from the equation for now as it mostly concerns large-scale electricity generation (well, and to a lesser extent steel).

You are quoting "facts" from exactly the same oil companies who these whistleblowers are attempting to expose! The American Petroleum Institute (API) is the main USA trade association for the oil industry, the companies fund this association so of course the findings will not be honest. The claim is that even so called independent bodies such as the International Energy Agency have been leaned on as to not expose the whole truth of the situation.

If this report is to be believed then we are in big trouble: Hirsch Report. The leaks would suggest that this is much closer to the truth than these companies would dare to admit. Money until the end no matter the cost to us, we (the people) will be the ones feeling the force of collapse while they retire in comfort with their ill-gotten gains.

The only glimmer of hope I've found thus far: www.timesonline.co.uk.... Bug crap powered cars, who'd have thought it?

Originally posted by Goathief
If this report is to be believed then we are in big trouble: Hirsch Report. The leaks would suggest that this is much closer to the truth than these companies would dare to admit.

Fair enough...

I don't believe it. Yes we have not touched our Nuclear option nor wind or solar on the scale needed. But as far as fossil fuel goes, Its a scare tactic to raise prices during an economic downturn. Hell we have Saudi Arabia asking to be compensated because of diminishing sales.

You want a conspiracy? Here's one.
An absurd Saudi demand

A substantial decrease in the money we send to Saudi Arabia and other Middle Eastern countries is one of the advantages we can look forward to in the decades to come if the federal government continues on its path toward adopting climate-change and conservation policies.

We could eventually chop billions of dollars every year from our expenditures on Middle Eastern oil and use those savings to augment our own energy infrastructure to produce more power from clean sources such as solar, wind and geothermal.

Saudi Arabia, however, doesn’t see it that way. It says the United States and other wealthy countries that realize savings from buying less Middle Eastern oil should pay compensation to the region, so its countries would not see a decrease in their quality of life.

The New York Times this week quoted the country’s chief climate-change negotiator, who wrote in an e-mail: “Assisting us oil-producing countries in achieving economic diversification is very crucial for us through direct foreign investments, technology transfer, insurance and funding.”

[edit on 11-11-2009 by SLAYER69]

reply to post by SLAYER69


You are confusing different issues - fossil fuels in general will be OK, coal, natural gas, etc. The problem is with liquid fuel, as it says in this report summary (written by the lead author):

It’s Not Your Mother’s Energy Crisis

Oil peaking represents a liquid fuels problem, not an “energy crisis” in the sense that term has often been used. Motor vehicles, aircraft, trains, and ships simply have no ready alternative to liquid fuels, certainly not for
the existing capital stock, which have very long lifetimes. Non-hydrocarbonbased energy sources, such as renewables and nuclear power, produce electricity, not liquid fuels, so their widespread use in transportation is at best many decades in the future. Accordingly, mitigation of declining world conventional oil production must be narrowly focused in the near-term.

www.acus.org...

Can I ask why you don't believe it? On one hand we have the company's mouthpieces saying everything couldn't be better and on the other independents saying the situation is critical. Where's the middle ground? About 15 years away at best. Have a look at the projections.

Projected Date Source
2006-2007 Bakhtiari
2007-2009 Simmons
After 2007 Skrebowski
Before 2009 Deffeyes
Before 2010 Goodstein
Around 2010 Campbell
After 2010 World Energy Council
2010-2020 Laherrere
2016 EIA (Nominal)
After 2020 CERA
2025 or later Shell
Never OPEC

Remember these reports were compiled well before the 2007 economic downturn, so how can they be scare-tactics conjured up recently to drive up prices during it? If these findings are true, would it not explain the wars in the Middle East? Would it not explain why desperate measures were taken to ensure that the people would go to war (9/11, etc.)? Have the effects of the former brought us into this recent near financial collapse? OPEC (being the largest organisation on that list) are saying we will never run out of oil... if that isn't fishy I don't know what is.

Originally posted by badgerprints
Why is it that when you find a "leak" it is suddenly fact and a huge oil conspiracy? When another person gives his opinion then he's just regurgitating something that megacorps and governments are telling them.

This one article isn't enough to hang a hat on, much less a worldwide oil conspiracy.

Maybe you are the one with regurgitation issues.

But it's not just that article is it? In fact the more I read into it the more I'm convinced there's problems. People only presenting evidence that is supplied by the alleged corrupt ones is not the best way to go about discovering the truth. Since I've been looking I've yet to find one independent investigation that isn't concerned about oil or rather, the lack of it. That should speak volumes in itself.